Kawasaki Heavy Industries, Ltd. announced today that it has concluded a shipbuilding contract for an 86,700 m3 liquefied petroleum gas (LPG) and liquefied ammonia gas (NH3) carrier powered by LPG fuel for KUMIAI NAVIGATION (PTE) LTD. This is the third LPG/NH3 carrier...

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China’s crude throughput in April is set to fall further from March as both state-owned and small-sized independent refineries enter maintenance season, and despite integrated private plants increasing utilization, information collected by S&P Global Commodity...

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Dalian iron ore futures were set for a fourth straight session of gains on Thursday, supported by the prospect of demand recovery after steel consumption was temporarily capped by rainy weather in many regions last week. The most-traded May iron ore futures contract...

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Having narrowly avoided a recession in the fourth quarter of 2022, the Japanese economy appears to be recovering. However, Japan’s demand for steel remains weak and as a result, the country’s bulk imports are estimated to have fallen by 4% y/y in the first quarter of...

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In line with our 2023-2025 strategy to capitalise on the most attractive opportunities in the market, we have acquired four Capesize vessels in two separate transactions this month to improve our portfolio of freight service solutions towards our dry-segment...

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