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Baltic index edges down on lower rates, but posts weekly rise on earlier highs

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, was dragged lower by weaker rates across segments on Friday, but logged a weekly gain, buoyed by near two-year highs hit earlier. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by …

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Commercial complications of FuelEU

The maritime world is still coming to terms with the shift brought about by the introduction of FuelEU Maritime. But while the regulation’s technical challenges have captured headlines, the true upheaval is unfolding in the legal departments and boardrooms where commercial negotiations are being redefined from the keel up. A year on from its introduction and market players are still scrambling to define responsibility, allocate risk, …

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Floating Storage Hits Three-Year High

A data-driven review facilitated by the Floating Storage platform report shows the seasonality of floating storage since 2022 across VLCC, Suezmax, and Aframax fleets, the surge in Iranian-linked storage off Malaysia, and future outlooks marked by persistent oversupply risks and declining oil price estimates. Floating storage is rising sharply across the tanker segments, VLCC, Suezmax, …

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Round-up: New oil & gas discoveries take center stage as LNG momentum grows

As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping portfolios through joint ventures, divestments, and capex commitments. The post Round-up: New oil & gas discoveries …

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