The Baltic Exchange’s dry bulk freight index dropped on Friday, reaching its lowest point since September 3 as weaker rates for capesize and panamax vessels pulled down the benchmark. The main Baltic index, which measures rates for capesize, panamax and supramax...

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The International Maritime Organisation’s 22nd Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 22) closed in London on September 4 with negotiators signalling renewed momentum towards a final agreement on the organisation’s Net-Zero...

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The tanker market rose during August, OPEC said in its latest monthly report. Dirty tanker spot freight rates were stronger in August, led by gains in VLCC rates. Spot freight rates for VLCC rose, m-o-m, across all monitored routes, recovering from the decline seen in...

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The Virgin Islands Shipping and Maritime Authority (VISMA) has appointed Georgios Bazos as its first Business Development Manager. The appointment gives shipowners, financiers, insurers, brokers and their legal advisers a senior point of contact in London, connected...

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World oil demand is forecast to decline by 2.5 mb/d in 2026, 940 kb/d steeper than in last month’s Report, as the continuing impasse in negotiations between the United States and Iran delays the prospect of a normalisation of flows into next year. Losses will be...

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