The Capesize market experienced a challenging week, marked by a gradual softening across both basins. The North Atlantic showed early signs of tonnage build-up, adding downward pressure. As the week progressed, the Pacific basin experienced notable corrections, where...

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U.S. waterborne gasoline imports fell in October to their lowest since the COVID-19 pandemic, with European shipments to the U.S. Northeast hitting a record low and Asian cargoes more than halved from a year ago, according to traders and ship-tracking data. The anemic...

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Growing fleet capacity and stable Panama Canal flows have kept Very Large Gas Carrier freight rates out of Houston to Northwest Europe and the Mediterranean subdued at over month lows, market sources said. Increased new build capacity, expected to come online in the...

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Iron ore futures fell on Friday amid risk-off sentiment across the financial markets due to the intensifying Ukraine-Russia conflict,but they were on track for a weekly gain on solid demand. The most-traded January iron ore on China’s Dalian Commodity Exchange (DCE)...

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South Korea’s HMM Co. said on Friday that it will introduce two 7,700 TEU (1 TEU equals one 20-foot container) container ships powered by liquefied natural gas (LNG). This marks the first time a domestic shipping company has adopted LNG-powered container ships, a more...

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