The Golden Week holiday prompted an uptick in enquiry with rates firming four points to WS 59/59.5 for 270,000mt from the Middle East Gulf to both China and Singapore
While analysts expect disruptions in the coal export and import markets, solutions to the International Maritime Organization’s 2020 sulfur cap remain unclear, a Wood Mackenzie analyst said in a report.
Scorpio Group will install 100 hybrid-ready scrubbers across its fleet of 56 bulkers and 109 tankers, favoring the larger vessels within each group, chief operating officer Cameron Mackey said.
South Korea has emerged as a major importer of U.S. energy resources amid the Donald Trump administration’s strong push for resource exports such as LNG.
Petrobras agreed with US and Brazilian authorities to pay $853.2 million in penalties to resolve the US government’s investigation into violations of the FCPA in connection with Petrobras
In a decision published Friday, the Trump administration's Bureau of Safety and Environmental Enforcement announced that it is eliminating certain offshore safety regulations
On Tuesday, a one-day strike brought industry to a halt across Argentina, including the operations of the key agricultural port of Rosario. Freight companies and public-sector transport organizations also saw stoppages.
