Shipping & LogisticsIndustry news
Supertankers Racing to Middle East Worsen Ship Crunch
Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz.
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MarketsIndustry news
Baltic Dry Index Rises for 4th Day
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fourth consecutive session on Tuesday, rising about 1.5% to a fresh high since August 12 at 2,926 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for a fourth ...
Fuel oil spreads tighten as Mediterranean blending demand returns
Residual fuel cracks have firmed for four consecutive weeks as blenders compete for cutter stock across Mediterranean hubs.
Shipping & LogisticsIndustry news
Global oil and gas shipping costs surge as Iran vows to close Strait of Hormuz
Global oil and gas shipping costs surge as Iran vows to close Strait of Hormuz Reuters
Shipping & LogisticsIndustry news
Oil tanker shipping costs set to stay high into early 2026
Oil tanker shipping costs set to stay high into early 2026 Beinsure