On the International Day of the Seafarer, IMO Secretary-General Mr. Arsenio Dominguez pays tribute to the 2 million seafarers who keep global markets functioning and supply chains going. In a video message to seafarers, Mr. Dominguez said: “Seafarers have been sorely...

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Anyone who has tried to secure an Uber at a busy time of day will have experienced the ride-hailing app’s least appealing feature: surge pricing. Too many punters and too few available cars mean the cost of getting from A to B spikes. Something similar is currently...

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Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) softened in Asia on Friday, while the market eyed cautious demand for bunkering following a recent oil spill in Singapore. Broader bunkering operations remained largely unaffected, market sources said, though demand...

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Global commodities trader Trafigura loaded diesel onto a supertanker in the Middle East this week, taking advantage of lower freight rates for crude tankers to send more fuel to the West, according to shipping data and several trade sources. The shipment marks the...

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The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Friday to mark a weekly gain on the back of higher rates for capesize and supramax vessels. The overall index, which factors in rates for capesize,...

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Refined oil products stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 4% in the week to Thursday, data from Dutch consultancy Insights Global showed. Total stock levels stood at 6.114 million metric...

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