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Asia Fuel Oil-Refining crack spreads plunge amid selling flurry

Refining crack spreads for fuel oil fell on Monday after trading participants engaged in a wave of selling activity, based on market sources and pricing data. Singapore’s January crack spread for very low sulphur fuel oil (VLSFO) dived below premiums of $10 per barrel...

SHIPPING: Port automation a key sticking point in union, USEC ports negotiations ahead of 15 Jan deadline

The 15 January deadline for finalizing a new labor agreement between unionized dock workers at US Gulf and East Coast ports and the negotiating entity for the ports is nearing with no clear progress on a key remaining issue – automation. This week, a union vice...

DNV: IMO Maritime Safety Committee

The 109th session of the IMO’s Maritime Safety Committee (MSC 109) was held from 2 to 6 December 2024. Amendments to the IGC Code to enable the use of ammonia cargo as fuel were adopted, and interim guidelines for the general use of ammonia as fuel were approved. The...

Rising costs squeeze intermediaries out of thriving Russian oil trade with India

Three trading houses have become dominant sellers of Russian oil to India as many smaller players dropped out of the business due to high funding costs in Russia and lack of access to Western funds, according to data and six trading sources. The change reverses a...

WAF-East VLCC market falls to 13-month low on weak demand, ample tonnage

Freight rates for Very Large Crude Carrier voyages loading in West Africa ended the week to Dec. 6 at their lowest level since October 2023, with sources citing lackluster inquiry levels and a bloated tonnage pool across all major VLCC loading zones. Platts, part of...

Baltic index steady as firmer panamax rates offset dip in capesize, supramax

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, was little changed on Monday, as higher panamax vessel rates offset weaker capesize and supramax prices. The index, which factors in rates for capesize,...

Asia Fuel Oil-Refining crack spreads plunge amid selling flurry

SHIPPING: Port automation a key sticking point in union, USEC ports negotiations ahead of 15 Jan deadline

DNV: IMO Maritime Safety Committee

Rising costs squeeze intermediaries out of thriving Russian oil trade with India

WAF-East VLCC market falls to 13-month low on weak demand, ample tonnage

Baltic index steady as firmer panamax rates offset dip in capesize, supramax

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