Asia’s very low sulphur fuel oil (VLSFO) market inched higher on Monday on the back of growing demand for high-speed sailing as vessels shun the Red Sea route for trade due to shipping attacks and opt for longer routes, analysts and traders said. Cash premium for...

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The Baltic Exchange’s dry bulk sea freight index fell on Monday, logging its worst session in two weeks as rates declined in the capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was...

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Korean shipbuilders have won all the orders for very large ammonia carriers (VLACs) ordered this year. The analysis suggests that Korean shipbuilders are in a strong position to win orders due to their technological prowess. A total of 15 VLACs have been ordered...

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The background A renowned American fashion giant found itself tangled in a knotty supply chain chaos. The fast-paced world of fashion was moving at warp speed, while their upstream operations were stuck in slow motion. This had a domino effect, impacting everything...

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Israel’s government-run port of Ashdod has complained that a rival Chinese-run terminal at the northern port of Haifa has become a strategic risk during the Gaza war. In a letter seen by Reuters, the chairman of the southern Israeli port warned the head of Israel’s...

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LPG and LNG freight rates to Europe remain depressed on slim demand and full storages, with the impact of ongoing Red Sea attacks currently muted despite the continued rerouting of vessels, sources said. Platts, part of S&P Global Commodity Insights, assessed VLGC...

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