Japan’s Mitsui OSK Lines (MOL) 9104.T has rerouted all of its ships via the Cape of Good Hope due to attacks on commercial vessels in the Red Sea region, CEO Takeshi Hashimoto told Reuters on Tuesday. Before the Red Sea disruptions, 2-3 ships used to pass through the...

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The Baltic Exchange’s dry bulk sea freight index rose to an over one-week high on Tuesday, as vessel rates gained across all segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 80 points, or 5.6%, at 1,516...

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As many as 35 oil tankers that usually carry crude or fuel oil could switch to carrying cleaner products like diesel and jet fuel in the next two months as shipowners chase higher profitability, oil analytics firm Kpler said in a LinkedIn post. An “LR2” (long-range 2)...

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The spot price of liquefied natural gas (LNG) is continuing to meander at low levels amid ample supply from major exporters and signs that winter demand is easing in the top-importing regions of Asia and Europe. The spot price for LNG delivered to north Asia LNG-AS...

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The growing weight of Brazil in the global LNG market has been a driver in a push for more price transparency in the region, particularly amid the backdrop of an upcoming maintenance potentially driving up import demand and LNG prices, according to an S&P Global...

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Asia’s middle distillates markets were little changed on Monday on persistently limited swaps and physical discussions in the open trading market, but traders are expecting more upbeat spot trading liquidity this week for March and were hopeful for demand to emerge....

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