Baltic Dry Index Extends Losing-Run

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for the sixth straight session on Monday, falling about 1.4% to its lowest since April 15 at 2,490 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, slumped by 2.8% to 3,538 …

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AG Oil Flows: How Far is Normalization

Following the announcement of a ceasefire on 24 June, the operational environment shifted from a complete closure towards a tightly managed but highly contested transit regime. On 24 June, temporary routing arrangements coordinated by Oman and the International Maritime Organization (IMO) enabled the gradual resumption of commercial shipping while sections of the conventional Traffic Separation …

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Hormuz’s Stalled Recovery: Two Strikes and Suspended Evacuation

The Strait of Hormuz is technically open, but it is not functioning as commercial infrastructure. Two kinetic incidents in 72 hours, an IMO evacuation corridor suspended without a resumption date, and total daily transits averaging approximately 13, roughly 90% below pre-war levels, collectively describe a corridor that is open in name but operating well below …

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The Impact of the Iran Conflict on BAF

Fuel-related charges more than doubled following the escalation of the Iran conflict, as carriers introduced emergency bunker surcharges while standard BAF mechanisms gradually adjusted to higher bunker prices. This created a challenging environment for shippers, who faced not only rising transportation costs but also the risk of paying twice for fuel price increase. According to …

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Shipping cannot decarbonise on promises alone, says EmissionLink

The European Commission’s commitment to prevent shipping companies from being charged twice for the same emissions is a welcome step, but the maritime sector now needs clear guidance on how this will work in practice, according to integrated emissions management service, EmissionLink. The principle of avoiding double charging is clear, but the practical reality is …

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