Shipping investment activity was much more evident in the S&P market over the past week, rather than the newbuilding segment. In its latest weekly report, shipbroker Banchero Costa said that “in the Panamax segment, Vietnamese interests were behind the purchase of...

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Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald Trump’s trade policies and rising OPEC+ production quotas. But that strength will now be tested, as Saudi output is starting to surge just as demand appears to...

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Highlights World oil demand growth is forecast to increase by 700 kb/d in 2025, its lowest rate since 2009, with the exception of the 2020 Covid year. Annual growth eased from 1.1 mb/d in 1Q25 to just 550 kb/d in 2Q25, with emerging market consumption particularly...

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Maritime agencies Diaplous and Ambrey said on Sunday (Jul 13) they had ended their search for the remaining crew of the Eternity C cargo ship that was attacked by Yemen’s Houthi militants last week. The decision was made at the request of the vessel’s owner, both...

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Asia’s high sulphur fuel oil (HSFO) spot market widened on discounts on Monday, while the market structure deepened on contango for the prompt months. Singapore 380-cst HSFO cash differential was pegged at a discount wider than $7 a metric ton, while the intermonth...

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Swire Shipping, a leading shipping company in the Asia-Pacific, today announced the launch of Voyage to Zero, a carbon insetting programme that enables freight customers to reduce their Scope 3 Greenhouse Gas (GHG) emissions, leveraging GHG savings from second...

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