Strait of Hormuz disruption threatens extended decline in global tanker demand

Maritime disruptions through the Strait of Hormuz are reshaping global oil trade flows in ways that could threaten extended declines in tanker requirements, even as alternative supply routes partially offset lower seaborne volumes by adding to ton-mile demand, according to industry experts. Oil-on-water levels, a barometer for tanker requirements, have sunk. In April, they were …

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Baltic Dry Index at Over 1-Month Low

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, retreated for the seventh consecutive session on Monday, dropping about 2.2% to the lowest since May 5 at 2,916 points, pressured by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, …

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India’s coal gasification drive adds fresh momentum to the coal trade and bulk shipping

Coal gasification is increasingly emerging as an additional driver of coal trade and dry bulk shipping demand. While it is unlikely to fundamentally reverse the long-term transition away from coal, it is gradually creating new industrial demand beyond conventional thermal power generation. This is particularly evident in countries such as India, which are seeking greater …

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