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Baltic Dry Index Halts 3-Day Slump

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, snapped a three-day losing streak, rising about 2.8% to 2,066 points, underpinned by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, rebounded by 7.8% to 2,835 points. Meanwhile, the panamax index, which …

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The Week in Alt Fuels: B100 discount to LSMGO blows out after Iran shuts Hormuz

The Iran war has sent oil prices flying and biofuel prices less so, but don’t forget to adjust for emission costs when you compare fuels for EU voyages. Several shipping companies have suspended vessel transits through the Strait of Hormuz amid the ongoing war in the Middle East, sharply slowing traffic through one of the …

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