Baltic index hits two-week low as larger vessel rates dip

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to its lowest level in two weeks on Tuesday, pulled down by weaker Capesize and Panamax vessel rates. The overall index, which factors in rates for capesize,...
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India’s LNG surge supports Asia’s imports in June

Asia’s imports of Liquefied Natural Gas (LNG) are expected to dip slightly in June from May, with strength in India holding up the top-buying region’s appetite for the super-chilled fuel. Asia is on track to import 23.18 million metric tons of LNG in June, down a...
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