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VLSFO spot premium inches up on more trading momentum

Asia’s spot premium for very low sulphur fuel oil (VLSFO) was stable to higher on Wednesday after more trades at stronger premiums emerged. The cash differential for VLSFO was pegged at a premium of $3.50 a metric ton to Singapore quotes, with three trades done at...

WTO: Temporary tariff pause mitigates trade contraction, but strong downside risks persist

The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions, nearly three percentage points lower than what would have been expected under a “low tariff” baseline scenario, according to the WTO Secretariat’s latest Global...

Agreement Reached on New Global Minimum Wage for Seafarers

The International Labour Organization (ILO) has concluded the latest round of minimum wage negotiations for able seafarers at a meeting of the Subcommittee on Wages of Seafarers of the Joint Maritime Commission (JMC), held in Geneva on 14 and 15 April 2025. This...

Ship Recycling Unchanged After Eid Holidays

Things remain at a standstill regarding ship demolition activity. In its latest weekly report, Best Oasis, a leading cash buyer of ships, said that “the ship recycling market remained largely unchanged this week, with activity levels steady across key destinations and...

Rio Tinto posts lowest Q1 iron ore shipments since 2019, tempers forecast

Rio Tinto RIO, RIO on Wednesday reported its lowest first-quarter iron ore shipments since 2019 and warned that more weather disruptions could lead to a 2025 forecast miss, after cyclones impacted the miner’s Pilbara operations. The company now expects Pilbara iron...

Stena Bulk To Register Up To Five Suezmax Tankers Under The Swedish Flag

Leading tanker shipping company Stena Bulk has today confirmed its intention to register up to five of its Suezmax vessels under the Swedish flag. A Suezmax tanker is one of the largest types of tankers and is approximately 275 meters long with a gross tonnage of...

VLSFO spot premium inches up on more trading momentum

WTO: Temporary tariff pause mitigates trade contraction, but strong downside risks persist

Agreement Reached on New Global Minimum Wage for Seafarers

Ship Recycling Unchanged After Eid Holidays

Rio Tinto posts lowest Q1 iron ore shipments since 2019, tempers forecast

Stena Bulk To Register Up To Five Suezmax Tankers Under The Swedish Flag

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