Spot differentials for fuel oil markets were little changed on Friday in Asia as pre-Diwali holiday trade was thin, while some trade sources said supply outlook was slightly towards the year-end for high sulphur fuel oil (HSFO). The markets have been largely weighed...

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The International Chamber of Shipping (ICS) comments following the conclusion of the International Maritime Organization’s (IMO) Extraordinary Session of Marine Environment Protection Committee (MEPC) meeting held in London to discuss the Net-Zero Framework for the...

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The West of Suez Very Large Crude Carrier market saw levels firm to multi-year highs toward the end of the third quarter of 2025, as the progressive unwinding of OPEC+ production cuts, strong demand for cargoes loading in the Atlantic basin, and the limited number of...

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The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday and posted a weekly gain, lifted by broad-based strength across all vessel classes. The main index, which factors in rates for capesize,...

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The world economy has successfully avoided the initial, catastrophic blow from the recent surge in trade protectionism, yet the long-term outlook remains “insufficiently bright”, according to the latest World Economic Outlook report from the International Monetary...

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Magnus Wallhagen, National Hydrographer of Sweden, has been nominated as a candidate for the position of Secretary-General of the International Hydrographic Organization (IHO). The role of Secretary-General is the highest executive position within the IHO, responsible...

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