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US probe finds China unfairly dominates shipbuilding, paving way for penalties, sources say

US probe finds China unfairly dominates shipbuilding, paving way for penalties, sources say
U.S. President Joe Biden’s administration has concluded that China uses unfair policies and practices to dominate the global maritime, logistics and shipbuilding sectors, three sources familiar with the results of a months-long trade investigation told Reuters. U.S....
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Asia Fuel Oil: Benchmarks log gains while market eyes latest sanctions

Asia fuel oil benchmarks posted gains on Monday as sentiment turned cautious, with the market eyeing the impact of the broader U.S. sanctions on Russian producers and tankers. High sulphur fuel oil (HSFO) margins edged higher, with Brent-basis cracks for 380-cst HSFO...
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Israeli billionaire Idam Ofer backs UK-listed fueltech SulNOx

Israeli billionaire philanthropist Idan Ofer has emerged as the latest big name backer of UK listed green fueltech business Sulnox, Ofer has announced a partnership and investment with Sulnox through his Eastern Pacific Shipping (EPS) operation and EPS Ventures....
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INTERCARGO Quality Panel Expansion Enhances Sector Collaboration to Drive Maritime Excellence

The International Association of Dry Cargo Shipowners (INTERCARGO) announced today a strategic development in meeting the needs of its ever-growing global membership. Following a productive INTERCARGO Quality Panel meeting with RightShip on 25 November 2024, both...
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China 2024 iron ore imports hit record on resilient demand, steel exports

China’s iron ore imports in 2024 rose for a second year to a record high, up 4.9% from the prior year, customs data showed on Monday, as lower prices spurred buying and demand remained resilient despite its sluggish economy. The world’s largest iron ore consumer...
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Atlantic Supramax market exhibits mixed trends despite strong fundamentals

Atlantic Supramax market exhibits mixed trends despite strong fundamentals
The Atlantic Supramax dry bulk market saw volatility persist with overall positive cargo demand signs while remaining positional during the fourth quarter. However, as the period drew to a close, spot rates ultimately yielded to the dominant bearish market forces....
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