Oil prices extended gains in early trade on Thursday, with Brent crude edging toward $102/barrel, as escalating hostilities between the US and Iran in the Middle East stoked fears of prolonged supply disruption. Iran says it will continue military operations as US...

Read More

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, snapped a two-day winning streak on Thursday, dropping about 2.7% to a one-week low of 3,521 points. Weaker rates across larger segments were behind the decline....

Read More

Energy market disruptions caused by the conflict in the Middle East are pushing global coal demand higher this year as sharp rises in natural gas prices prompt countries to turn to alternative sources, according to the IEA’s latest update on the coal sector. Although...

Read More

President Donald Trump on Wednesday said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections, which are nearly two months away. “Right after the election, oil prices are going to be tumbling downward,” Trump...

Read More

Mitsui O.S.K. Lines, Ltd. announced that it held a naming ceremony on September 10, 2026, at Hanwha Ocean Co., Ltd.’s Geoje Shipyard in South Korea for the world’s first LNG carrier that equipped with two units of Wind Challenger, Hard sail wind-assisted propulsion...

Read More

The dry bulk market has seen a healthy rally to the best levels of the past five years. In its latest weekly report, shipbroker Xclusiv said that “the Capesize market has moved into territory not seen for almost five years, with the Baltic Exchange C5TC reaching USD...

Read More