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Tanker Trade: The Impact of Canada’s Trans Mountain Pipeline

The expansion of Canada’s Trans Mountain Pipeline (TMX) is set to reshape the North American oil landscape, which of course will have a significant impact on the tanker market. In its latest weekly report, shipbroker Intermodal said that “the recent expansion of...
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Asia Distillates-Dec spot liquidity rises; demand worries prevalent

Asia’s middle distillates markets saw more December discussions during the week, though cautiousness on demand remained prevalent and prices trended sideways, with offers for next year’s term cargoes also available. For diesel, offers for December gradually emerged...
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Higher quotations across a range of commodities push the FAO Food Price Index to its highest level in 18 months

Higher quotations across a range of commodities push the FAO Food Price Index to its highest level in 18 months
The FAO Food Price Index (FFPI) averaged 127.4 points in October 2024, up 2 percent from its revised September level and the highest since April 2023. Price quotations for all commodities in the index, except meat, rose, with vegetable oils recording the largest...
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Iron ore falls ahead of China unveiling fresh fiscal stimulus

Iron ore futures slid on Friday, as investors adopted a cautious stance amid continuously falling demand and ahead of topconsumer China unveiling its keenly-watched fiscal stimulus package. The most-traded January iron ore contract on China’s Dalian Commodity Exchange...
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HD Korea Shipbuilding & Offshore Engineering Announces New Contract for 4 LNG Bunkering Vessels

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai specialized in shipbuilding, announced on November 8 that it has recently signed a contract to build 4 LNG bunkering vessels with a shipping company based in Asia. – The...
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E2open Ocean Shipping Index Cites Ongoing Conflict, Extreme Weather and Threat of Labor Strikes as Key Drivers of Port Congestion and Longer Transit Times

E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has published the latest edition of its Ocean Shipping Index, a quarterly benchmark report that provides insight for decision-making around...
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