Over Week 49, the MABUX global bunker indices exhibited no clear trend, showing sideways changes. The 380 HSFO index increased by 4.76 USD: from 514.00 USD/MT last week to 518.76 USD/MT. The VLSFO index, on the contrary, decreased by 2.34 USD (592.42 USD/MT versus...

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Top ship broker Clarkson is seeking to acquire Norwegian brokerage and investment bank RS Platou for 281.2 million pounds ($441 million) in a deal that would create one of the sector’s biggest players globally. The deal would be the latest in an industry which has...

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Dynamis Capital PTE Ltd. has recently completed the acquisition of several ship financing transactions from Fleetscape Capital Ltd. (“Fleetscape”), a company owned by Oaktree Capital Management, L.P. (“Oaktree”), for an undisclosed sum. As part of the transaction,...

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Industry coalition SEA-LNG notes that while the approximately 2,200 LNG-fuelled vessels and LNG carriers represent only ‘two minutes into the hour’ of the global fleet of approximately 60,000 deep sea vessels, it remains an adolescent fuel that is maturing...

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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday, pressured by lower rates in capesize vessels. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 20...

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