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Baltic index slips as capesizes dip for seventh straight session
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday as the capesize segment extended its losing streak to a seventh straight session.
Total joins the Sea Cargo Charter, as industry giants commit to transparent reporting of shipping emissions
The Sea Cargo Charter sets a new benchmark for responsible shipping, transparent climate reporting, and improved decision making in line with United Nations decarbonization targets.
MABUX: Bunker market this morning, Oct.01
MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO (Gasoil) in the main world hubs) demonstrated downward changes on Sep.30:
Baltic index clocks second monthly gain as capesize rates improve
The Baltic Exchange’s main sea freight index rose on Wednesday, marking its second straight monthly gain, as rates for capesize vessels climbed higher on improved iron ore demand from China.
OPEC+ stability still facing political, economic threats: analysts
Current oil price stability is threatened by continued geopolitical and economic tensions, with a collapse in oil and gas investment outside Russia and the Middle East raising further questions over long-term
China’s iron ore imports set for strong August, but where is all the steel going?
China is set to record another month of strong iron ore imports in August, helping to justify the ongoing resilience in the price of the main ingredient in steel.
Baltic index falls on lower rates across vessel segments
The Baltic Exchange’s main sea freight index hit a more than one-month low on Friday, as rates dropped across all vessel segments.
