The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose by 1.2% to its highest since September 11 at 3,473 points on Thursday. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, increased by 1.3% to 5,939 points; and the panamax index, which usually ...
Insurance companies have lost billions to cover war risks for shipping during the ongoing US-Iran conflict to support global energy trades, despite a jump in headline premium rates, according to a…
Marine insurers face $2 billion losses from US-Iran conflict coverage.
Strait of Hormuz crossings drop to 20 daily, down from over 130.
Governments implement measures to support marine insurers in crisis.
Fujairah’s fuel oil stocks have averaged 19% higher in September so far than across August, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows.
Fujairah fuel oil stocks increased by 19% in September compared to August.
Fuel oil imports to Fujairah more than quadrupled, averaging 126,000 barrels per day.
Middle distillate stocks averaged 51% higher in September than in August.
The weakest June for Chinese crude imports in a decade did not cost a single barrel of throughput. Imports fell 41.3% on the year, runs held above 12.4 mb/d, and product exports went up.
The global ocean hull insurance market is continuing to soften despite apparent growth in the overall premium base, according to Ilias P.Tsakiris, Chair of the Ocean Hull Committee speaking at the…
Global ocean hull premium base reached USD 10.5 billion in 2025, up 9.4% from previous year.
Fleet growth, higher vessel values, and exchange-rate fluctuations contribute to premium increase.
The VLCC market has experienced a sharp repricing during 2026, with the most significant acceleration taking place since late July as exceptionally strong freight earnings have fed directly into…