Asia’s fuel oil markets changed slightly on Friday, while India sold more High-Sulphur Fuel Oil supplies via tender for loading in the coming months. India’s HPCL offered six cargoes of High Sulphur Fuel Oil (HSFO) for loading in August, September, and...

Read More

Mitsui O.S.K. Lines, Ltd. (MOL) President & CEO Takeshi Hashimoto announced its intent to invest in Carnot Ltd. President Francis Lempp, based in the U.K. This startup company develops technology for highly efficient engines using heat-resistant materials. This...

Read More

Drewry’s World Container Index increased by 1 percent to $2,725 per 40-foot container for the week ending May 2. It has grown 55 percent compared with the same week last year. The latest Drewry WCI composite index of $2,725 per 40-foot container is 92 percent...

Read More

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, posted a weekly decline on Friday as rates for the Capesize segment fell for the week. * The overall index. BADI, which factors in rates for capesize,...

Read More

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, snapped a three-session losing streak on Thursday, helped by higher rates for capesize vessels. The overall index .BADI, which factors in rates for...

Read More

Yemen’s Houthi rebels have claimed responsibility for a drone strike that hit an apartment building in the Israeli city on Thursday night, killing one resident and wounding four. If confirmed, it would appear to be a rare example of a foreign-launched strike...

Read More