HSFO premium eases; inventories extend climb

HSFO premium eases; inventories extend climb
Asia’s spot premium for high sulphur fuel oil (HSFO) softened on Thursday as trade slowed in recent sessions, while onshore inventories at Singapore climbed for a fourth straight week. The high inventory levels have dampened the broader spot market, with downstream...
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US ocean imports plunged in May on 145% tariffs on China

Imports at several of the busiest U.S. seaports dropped sharply in May, after President Donald Trump’s short-lived 145% tariffs on many goods from China stalled trade, according to data from Descartes Datamyne. The world’s two biggest economies overnight announced a...
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Baltic Index Extends Gains To More Than Eight-Month High

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, extended gains to scale a more than eight-month peak due to higher rates across both large and small vessel segments. The main index, which monitors rates...
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