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Hi-5 spread widens versus last week as HSFO softens

Asia’s hi-5 fuel oil spread widened by over 2% week-on-week, reflecting a softer market for high sulphur fuel oil (HSFO), while the very low sulphur fuel oil (VLSFO) market trended steady to slightly firmer this week. The premium of VLSFO over 380-cst HSFO, also known...

Global growth to remain subdued in 2025 amid uncertainty, UN report warns

The World Economic Situation and Prospects (WESP) 2025 report shows that despite withstanding a series of mutually reinforcing shocks, global economic growth has stagnated and remains below the pre-pandemic annual average of 3.2 per cent. The report produced by the UN...

Baltic index rises for second day on gains in capesize vessel segment

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Friday, steered by strong gains in the capesize vessel segment. The index, which factors in rates for capesize, panamax...

AtoB@C Shipping and Yara International extend cooperation until 2033

AtoB@C Shipping and Yara International, the world’s leading crop nutrition company and a provider of environmental and agricultural solutions, have extended the existing contract of affreightment until 2033. The extended contract ensures that AtoB@C Shipping will...

Second US port strike averted as union, employers reach deal

The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.S....

SHI picks TMC Compressors for 15 LNG carriers

Samsung Heavy Industries (SHI) has contracted TMC Compressors (TMC) to deliver a complete marine compressed air system to 15 LNG vessels the South Korean shipbuilder is constructing for an undisclosed LNG shipping major. TMC’s scope of supply consists of a complete...

Hi-5 spread widens versus last week as HSFO softens

Global growth to remain subdued in 2025 amid uncertainty, UN report warns

Baltic index rises for second day on gains in capesize vessel segment

AtoB@C Shipping and Yara International extend cooperation until 2033

Second US port strike averted as union, employers reach deal

SHI picks TMC Compressors for 15 LNG carriers

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