Baltic index hits near 1-month low on weaker vessel rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped to its lowest…
Dry bulk sailing distances jump 31% for routes using the Panama Canal
“The limits in daily transits in the Panama Canal have significantly affected the dry bulk market, with transits down 74%…
ECSA Freight Watch: Market rebounds as fundamentals support mid-June deliveries
Despite a week marked by public holidays across Europe and Southeast Asia, activity in the South Atlantic grain freight market…
Iron ore falls to one-week low as weak fundamentals outweigh latest property stimulus
Iron ore futures prices flipped to its lowest level in a week on Tuesday after making gains earlier the session,…
Idan Ofer’s Eastern Pacific ‘squeezes’ product tanker newbuildings out of fully booked shipyard
Shipowner now has eight LR2s booked at Guangzhou Shipyard
Russian banks’ profits rise 13% m/m to $3.45 billion in April
Russian banks’ profits increased to 305 billion roubles ($3.45 billion) in April, the central bank said on Tuesday, a 13%…
UK shop price growth back to normal, retailers say
Prices in British shops rose at the slowest pace in 2-1/2 years this month, according to the British Retail Consortium…
Fed’s Kashkari wants significant progress on inflation before rate cuts
Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with CNBC broadcast on Tuesday that theU.S. central bank…
Participants in Korea-Japan-China Business Summit Agree on Establishment of Working Group on Economic Cooperation
Business leaders from Korea, Japan and China have gathered in Seoul to actively work together to boost economic cooperation between…
UK’s Sunak proposes tax cuts for pensioners in new election pledge
British Prime Minister Rishi Sunak on Monday proposed tax cuts for millions of pensioners in his latest campaign pledge, highlighting…