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Asia Fuel Oil-VLSFO cash premium slips below three-month lows
Asia’s cash premium for very low sulphur fuel oil (VLSFO) fell below three-month lows on Monday, extending a steady decline...
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Baltic index drops to over 1-month low on weaker vessel rates
The Baltic Exchange’s dry bulk sea freight index slipped to its lowest level in more than a month on Monday...
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Flagship economic report highlights why global cooperation is key
The flagship forecast launched in New York on Thursday indicates that last year’s stronger-than-expected GDP growth coming out of the...
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Global manufacturers struggle to regain momentum
U.S. manufacturers are still struggling to emerge from the prolonged slump that began in the middle of 2022 as the...
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ACM mulls ship broking expansion
Oil tanker broker ACM Shipping Group is looking at growing its ship broking business and may expand into the dry...
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Asia spot LNG prices dip to 5-month low as stocks weigh
Asian spot liquefied natural gas (LNG) prices slipped to a five-month low this week, extending losses that began in mid-November...
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EU ETS prices under pressure but colder weather could boost demand
European carbon prices fell in the week ending Jan. 5 due to soft demand but with colder weather forecast for...
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Red Sea crisis may push shipping costs by 60%, insurance by 20%: GTRI
The increasing Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60...
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J.P. Morgan sees oil demand growth at its slowest in nine months in December
Early data indicates global oil consumption in December grew at the slowest pace in nine months, J.P. Morgan said in...
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Shipping stocks rise, biggest gainers in Europe at start of 2024
Shipping companies have been the best performing stocks in Europe since the start of 2024, and were set for their...
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BTIG says dry bulk shipping firms on troubled waters in 2024
BTIG expects 2024 to be a tough year for dry bulk shipping companies; cuts its rating on three stocks Downgrades...
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War, weather put ocean shippers on notice for rough seas in 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it is...
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LNG futures trade volumes in Q4 hit record high, 2023 volumes up 12.5%
LNG futures trade volumes on the financial exchanges during the fourth quarter of 2023 hit a record high, while the...
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Morgan Stanley sees lower oil prices in 2024 on oversupply concerns
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half of 2024 before declining towards...
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Japan’s Saudi Arabia crude oil imports increased in November 2023
Japan’s imports of Saudi Arabia’s crude oil increased in November 2023, reaching 33.27 million barrels, or 42.7% of total imports,...
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Impact of Red Sea unrest on Rotterdam throughput is expected to be slight
The recent disruptions at the Red Sea entrance are anticipated to exert additional strain on the container terminals in January...
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Year-end hedge fund short-covering failed to lift oil prices
Portfolio investors boosted their petroleum positions in the final two weeks of last year, as some short positions in crude...
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Seafarers encounter growing mental health struggles as drone attacks and pirate threats escalate in the Red Sea and Gulf of Aden
Seafarers once again find themselves on the frontline of one of the world’s conflicts as they pass through the Red...
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Landmark IMO Strategy for cutting global shipping emissions welcomed at COP28
The 2023 IMO Strategy on Reduction of GHG Emissions from Ships has been applauded by international stakeholders at the recent...
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Ocean cargo rates climb after new Red Sea ship attacks
Ocean freight rates are surging after a missile attack and attempted hijacking of a Maersk ship this weekend prompted carriers...
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