The 32 Member countries of the International Energy Agency unanimously agreed today to make 400 million barrels of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East. The decision to...

Read More

“Despite increasing trade policy uncertainty and falling freight rates, the container ship order book has continued to expand. It now totals more than 1,350 ships with a combined capacity of 11.8m TEU,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. In 2025,...

Read More

The ongoing disruption in oil flows due to the US-Israel war with Iran has pushed Asia’s benchmark high sulfur fuel oil cash differentials to their highest levels since the International Maritime Organization prohibited ships from using fuels with more than 0.5%...

Read More

Eight ships crossed through the Strait of Hormuz on March 10, up from three ships the day before, according to an S&P Global Commodities at Sea report on March 11. Two of the ships were tankers, both sanctioned, according to the report. The US-sanctioned Marser, a...

Read More

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, rose about 0.4% to 1,926 points on Wednesday, following a 7.1% decline in the prior day, supported by the larger segment. The capesize index, which typically transports...

Read More