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Dry Bulk Market’s Recovery Underway

Capesize The Capesize market started the week strong, carrying last week’s momentum forward. Rates in the Pacific surged past $10.00 on C5, creating a notable premium over C3 in the Atlantic. However, despite all three major miners being active in the pacific by midweek, C5 dipped below $10 before rebounding slightly toward the week’s end. …

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The $10 Billion Opportunity in Green Shipping

The growth in cargo owners’ willingness to pay (WTP) a premium for green shipping is slowing in a market that remains largely unregulated and reliant on voluntary actions. As a result, the previous momentum toward zero-carbon shipping is stagnating. As the International Maritime Organization’s (IMO’s) Marine Environment Protection Committee (MEPC) prepares to announce critical regulatory …

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VLCC Tanker Market Steady Last Week

Clean LR2 MEG LR2s showed positive signs of recovery this week with increased activity. The TC1 75kt MEG/Japan index ticked up 6.11 points to WS130 and TC20 90kt MEG/UK-Continent assessments remained around the $3.3m level. West of Suez, Mediterranean/East LR2s of TC15 held around the $2.85m level it reached last week. LR1 MEG LR1s have …

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SHIPPING: Asia-US container rates fall on rising capacity; liquid tanker rates mixed

Shipping container rates from Asia to both US coasts fell again this week as capacity has grown and as volumes have fallen after frontloading to beat tariffs, and liquid tanker rates rose on the transatlantic eastbound route and fell on the US Gulf to Asia trade lane. CONTAINER RATES Rates from Shanghai to Los Angeles …

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US mulls plan to disrupt Iran’s oil by halting vessels at sea

President Donald Trump’s administration is considering a plan to stop and inspect Iranian oil tankers at sea under an international accord aimed at countering the spread of weapons of mass destruction, sources familiar with the matter told Reuters. Trump has vowed to restore a “maximum pressure” campaign to isolate Iran from the global economy and …

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