Today, the International Chamber of Shipping (ICS), the global trade association for shipowners and operators, which represents over 80% of the world merchant fleet, launches a set of ‘Industry principles for establishing effective measures to combat and eliminate...

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S&P Global today published the latest edition of its Look Forward research series, focusing on the most important themes that will drive the development of global supply chains through to 2030. The global supply chain industry finds itself at a juncture, grappling...

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Spot differentials for high sulphur fuel oil (HSFO) held in discounts as of Wednesday, while residual fuel stockpiles at the UAE’s Fujairah fell to a seven-month low, latest data showed. More supply has been flowing from the Middle East to Asia this month,...

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BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can ensure the charterers’ uninterrupted use of a ship if the owner defaults under the financing facility. The QELs will be...

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U.S. liquefied petroleum gas (LPG) and ethane exports through the Panama Canal rose in January 2024 with a return to vessel traffic through the shipping channel as drought conditions eased. Transit volumes of LPG and ethane had fallen in late 2023 amid a historic...

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The Baltic Exchange’s dry bulk sea freight index extended gains for a fourth straight session to hit an over one-month high on Wednesday, buoyed by firm rates in the capesize and supramax segments. The overall index, which factors in rates for capesize, panamax and...

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