Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with improving demand in top consumer China countering higher portside inventories.

Recruiting Highly Qualified, Dependable Seafarers for Expansion of LNG Transport Fleet

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL, President & CEO: Takeshi Hashimoto) announced that an opening

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel, with a scheduled delivery date within the fourth quarter of 2026.

LNG

A continued flat LNG spot market has done little to sway rates for either the 160cbm or the 174cbm indices. 

Clean

LR2

In the MEG this week LR2 freight plateaued after last week’s positive resurgence. The TC1 rate for 75kt MEG/Japan dipped a modest three points to WS208 and the 90kt MEG/UK-Continent TC20 voyage went from $6.45 million to $6.33 million.

Capesize

The Capesize market endured a challenging week, marked by persistent negativity across both the Pacific and Atlantic regions.