ARA and Europe Rotterdam’s B30-VLSFO (POMEME) price has shown a slight increase of $9/mt over the week. The port’s conventional VLSFO price has dipped around $5/mt during the same time. Prima Markets has assessed a $64/mt drop in POMEME barge price, which has failed...

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Container shipping majors are out with peak season surcharges for mid-June and early-July, driven by soaring demand amid an early onset of peak season as US importers rush to get goods into the country before Section 301 tariffs take effect. The United States Trade...

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Whether a large newbuild order book would weigh on tanker rates could depend on the pace of shadow-fleet scrapping and evolving demand situations during the Hormuz shipping crisis, some ship operators said. Industry association BIMCO estimates the crude tanker order...

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The Union of Greek Shipowners has reached out to Liberia and Japan to work on alternative proposals to the International Maritime Organization’s Net-Zero Framework, the group said June 5, also calling on the EU to make firmer commitments in rolling back its...

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