The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third straight session on Thursday, as rates across all vessel segments declined. The overall index, which factors in rates for capesize, panamax and...

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Hayfin Capital Management (“Hayfin”), a leading alternative credit platform, today announces that it has completed a fundraising process for its Maritime Yield strategy. Having attracted c.$400m in capital commitments for the fund, Hayfin will have the capacity to...

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China’s iron ore imports in November climbed 3.4% from October, customs data showed on Thursday, as improved steel mill margins and a rebound in the yuan underpinned buying of the key steelmaking ingredient. The world’s largest iron ore consumer brought in 102.74...

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Freight rates to ship LNG from the US Gulf Coast region to both Northwest Europe and Asia have cooled this week, as high gas inventories and lagging demand weigh on the market, sources said Dec. 6. Platts, a part of S&P Global Commodity Insights, assessed the USGC...

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Asia’s cash premium 0.5% very low sulphur fuel oil (VLSFO) fell to a 10-week low on Thursday, while backwardation timespreads narrowed further amid sell-offs. The Singapore 0.5% VLSFO premium slipped to $8.52 a metric ton, while cracks eased to $10.04 a barrel. The...

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The United Nations’ shipping agency on Wednesday adopted a resolution targeting illicit shipping practices from the so-called unregulated “shadow fleet” in an effort to clamp down on unsafe activities at sea. There are hundreds of ageing oil tankers that form part of...

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