The cash premium for very low sulphur fuel oil (VLSFO) steadied on Tuesday after softening a day earlier, though the market’s front-month backwardation widened. Kuwait’s latest spot tender for a cargo loading in early May has been awarded to Aramco, at a discount of...

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Russia’s Gazprom GAZP.MM is shipping its first cargo of liquefied natural gas to Asia this year from its Portovaya plant on the Baltic Sea, travelling around the southern tip of Africa in order to avoid the Red Sea, according to LSEG data. The LNG tanker Pskov was...

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China’s first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell. This divergence sets up a dilemma that can be resolved in a number of ways, including lower iron ore imports, a boost to...

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The Supramax segment in Continental Europe and the Baltic Sea experienced a loss of momentum, with the scrap spot market witnessing softer freight rates in week 16. “The softening was driven by factors like limited fresh cargoes, a cargo-tonnage imbalance favoring...

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The Baltic Exchange’s dry bulk sea freight index extended declines on Tuesday and touched its lowest level in a week, hurt by a slide in capesize vessel rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 78...

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