Global asset manager BlackRock has become a major shareholder in Samsung Heavy Industries by raising its stake above 5%. Although it stated the purchase was for a simple investment purpose, it is interpreted as reflecting expectations for improved industry conditions...

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The emergence of Guinea’s Simandou as a large-scale, high-grade iron ore supplier signifies a significant change in the global seaborne iron ore market. According to Wood Mackenzie, this project is set to be the primary catalyst for long-term supply growth. Wood...

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Bunker fuel used by container vessels has doubled over the past three weeks, increasing costs across supply chains. There is a low probability that American consumers will be immediately impacted by the ongoing Middle East conflict, according to Gene Seroka, Executive...

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Crude/condensates exports pointed toward Japan, South Korea and Taiwan are down ~50% y-o-y in March (days 1-29), to just 3.1mbd, while crude exports from the Middle East Gulf to these countries are down 70% y-o-y. Crude/condensates in transit to Japan, South Korea,...

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