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Baltic index falls to 19-month low on weaker vessel rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit its lowest in more than 19 months on Monday as rates dipped across all vessel segments. The overall index, which factors in rates for capesize, panamax...

Asia-US container rates fall as carriers seek to boost demand during LNY lull

Rates for shipping containers from east Asia and China to the US edged lower this week as carriers have reduced short-term rates to both coasts to stimulate demand ahead of Lunar New Year (LNY). Analysts at freight forwarder Flexport said that pre-LNY demand has...

Global diesel prices spike as US hits Russia with new sanctions

Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia’s oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data. The United States imposed its toughest sanctions on Russian...

Angolan loadings to rise in March

Angolan crude loadings are expected to rise in March while differentials continued to find support on Thursday from new U.S. sanctions on Russia driving demand for alternative grades. Angola plans to load 32 crude oil cargoes in March, a trade source said, citing...

OPEC’s share in India’s annual oil imports rises after 8-year drop

OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia’s share remained steady, data obtained from trade sources showed. Russia’s share in the world’s third-biggest oil importer and consumer is...

Cyprus’ role in global shipping discussed at Athens conference

The 17th International Shipping Conference took place in Athens this week, with the central theme being the bridging of the shipping industry with capital markets. Co-hosted by Maritime Economies and UPoilTankers and Trading Inc., the event attracted 244 industry...

Baltic index falls to 19-month low on weaker vessel rates

Asia-US container rates fall as carriers seek to boost demand during LNY lull

Global diesel prices spike as US hits Russia with new sanctions

Angolan loadings to rise in March

OPEC’s share in India’s annual oil imports rises after 8-year drop

Cyprus’ role in global shipping discussed at Athens conference

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