With two California refineries set to close in the coming months, major Asian oil product suppliers, including South Korean refiners and trading houses operating in Singapore, are keen to explore gasoline and jet fuel export opportunities to the US West Coast....

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Massive year on year growth in Guinean bauxite trade has also absorbed Capesize substantial tonnage in 2025, contributing to recent freight market spikes. In its Q3 Dry Bulk Market Report, MSI notes that a staggering 34% year on year rise in export volumes in the...

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Global shipping, moving over 80% of the world’s merchandise trade, is entering a period of fragile growth, rising costs and mounting uncertainty, according to The Review of Maritime Transport 2025: Staying the course in turbulent waters, released by UN Trade and...

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“On the strength of demand in trade lanes not bound for the US, we have increased our ship demand growth forecast for 2025 to 4.5-5.5% while maintaining it at 2.5-3.5% for 2026. We now expect a balanced supply/demand development in 2026 while expecting average market...

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The ship recycling markets remained a mixed bag during the previous week. In its latest weekly report, a leading cash buyer of ships, said that “in India, the market remained negative throughout the week, with no signs of recovery in sentiment. Buyers are no longer...

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Mitsui O.S.K. Lines, Ltd. yesterday announced that it has conducted an environmental assessment of cooling water discharged from Ocean Thermal Energy Conversion (OTEC) as a joint research project with National University Corporation, the University of Tokyo...

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