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January 22, 2021

Baltic index up on higher panamax, supramax rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was up for a third straight session on Thursday...

A Chinese ship is loaded with soybeans at Port of Santos May 19, 2015. REUTERS/Paulo Whitaker

January 22, 2021

China’s soybean imports likely to hit new high in 2021-22

China’s soybean imports in 2021-22 marketing year (October-September) is likely to exceed 110 million mt, hitting an all-time high, on sharper-than-expected hog and sow herd...

January 22, 2021

China’s low-sulphur marine fuel exports in Dec rise to a record

China’s exports of clean marine fuels in December rose to a record since shipments began a year ago, taking 2020 exports of the ship fuel...

January 22, 2021

China iron ore rises as key supplier Australia braces for potential cyclone

Dalian iron ore futures rose on Thursday as key supplier Australia began preparing for a potential tropical cyclone, while worries over rising coronavirus cases in...

January 21, 2021

DSME signs MoU with KEPCO to develop offshore substation

Daewoo Shipbuilding & Marine Engineering (DSME) and Korea Electric Power Corporation Engineering & Construction (KEPCO E&C) have signed a Memorandum of Understanding (MoU) to develop...

January 21, 2021

Paris climate accord: Biden announces US will rejoin landmark agreement

Hours after he was sworn in, President Joe Biden announced the US plans to reenter the Paris climate accord, the landmark international agreement signed in...

January 21, 2021

Tanker Owners Pay to Move Crude in Wake of Supply Cuts

Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the...

FILE PHOTO: Cargo ships navigate the Panama Canal during an organized media tour by Italy's Salini Impregilo, one of the main sub contractors of the Panama Canal Expansion project, on the outskirts of Colon city, Panama May 11, 2016. REUTERS/Carlos Jasso/File Photo

January 21, 2021

Higher rates lift Baltic index to one-week peak

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in a week on Wednesday...

January 21, 2021

Saudi Arabia pips Russia to be China’s biggest oil supplier in 2020

Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, Chinese government data showed on...

January 21, 2021

China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90%

Australia and Brazil, the world’s two largest iron ore producers, remained China’s top suppliers in 2020, but imports from India soared 88% as Chinese mills...

January 20, 2021

Scorpio Bulkers sells two more ultramaxes for $35m

Scorpio Bulkers announced that the company has entered into an agreement with an unaffiliated third party to sell the SBI Leo and SBI Lyra, Ultramax...

January 20, 2021

U.S. Blacklists Oil Traders, Tankers for Undermining Venezuela Sanctions

The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude...

January 20, 2021

Royal Caribbean to Sell Azamara Brand

Royal Caribbean Group said it would sell its Azamara line to private equity firm Sycamore Partners for $201 million in cash, to focus more on...

January 20, 2021

Baltic index gains after three-session slide

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a three-session losing steak on Tuesday helped by...