Introduction Over nearly two decades, the Platts Iron Ore Index (IODEX) has developed, supported by the industry, into a benchmark referenced across both physical and financial iron ore markets. Launched in 2008 as the first daily spot price assessment for iron ore...

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Rotterdam and Europe Rotterdam’s B30-VLSFO (POMEME) price has increased by $28/mt since Monday. Conversely, the port’s conventional VLSFO price has remained steady during the week. Prima Markets’ assessed POMEME barge price has registered a small gain of around $4/mt...

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Operational Overview Five weeks into the ceasefire, the Strait of Hormuz remains constrained, opaque, and increasingly managed through selective access. The clearest signal is the state of Iranian export infrastructure. Kharg Island showed no active tanker loading for...

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The effective closure of the Strait of Hormuz and the loosening of Venezuelan crude flows propelled midsize tanker rates to among the highest levels on record, Teekay Tankers executives told investors May 14, crediting the geopolitical environment for a surge in...

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Clean LR2 The TC1 75kt MEG/Japan index continued along just under the WS550 mark this week. A voyage west also saw the TC20 90kt MEG/UK-Continent index dipped by $112,000 to $10.76 million. The TC15 80kt Mediterranean/East index came down another 11% to $8.73 million...

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