Spot differentials for key fuel oil grades softened on Monday, while crack spreads also retreated after recent gains. The spot 380-cst high sulphur fuel oil (HSFO) market was pegged back in discounts to Singapore quotes on Monday, with backwardation trading down at...

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Shipping industry stakeholders plan to seek a raising of ship sizes to 85,000 dwt for exemptions from the US Trade Representative’s proposed fees for China-built ships, if they are owned and operated by non-Chinese companies, several market participants said May 19....

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The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell on Monday, ending a two-session winning streak, as softer capesize rates weighed on the market. The main index, which monitors rates for...

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Estonia said that Moscow had briefly sent a military jet into Nato airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a “shadow fleet” defying Western sanctions on Moscow. Russia, which regards sanctions as a malign...

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Business leaders from the Group of Seven advanced economies urged member countries to lift trade restrictions and invest in critical minerals to reduce supply chain vulnerabilities, a communique showed. Businesses and trade organizations from the G7 countries...

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