Supertanker freight rates jumped after the U.S. expanded sanctions on Russia’s oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said. Chinese and Indian refiners are seeking...

Read More

InterManager, the international trade association for the ship management sector, is calling on shipping industry colleagues to contribute to a new campaign to highlight the issue of criminalisation of seafarers. InterManager is concerned at the increasingly harsh...

Read More

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a three-session gaining streak on Tuesday, as rates declined across all vessel segments. The index, which factors in rates for capesize, panamax and...

Read More

Iron ore futures rallied to their highest in more than a week on Monday, as revived hopes of more stimulus from top consumer China boosted sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! surrendered some earlier gains...

Read More

China’s crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside of pandemic-induced falls, as tepid economic growth and peaking fuel demand dampened purchases. Imports totalled 553.4 million metric tons, equivalent...

Read More