Baltic Index Hits Near 2-Month High On Capesize Gains
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, held steady near…
Broker GOL succeeds in fighting off Seacor Marine lawsuit over Cox bankruptcy
Judge rules that offshore vessel owner is not entitled to any of GOL’s funds
LNG industry estimated to be in deficit by around 300 vessels by end of decade
Capital Clean Energy Carriers vice president points to requirements incoming supply wave will generate
Global trade downturn persists into August
The worldwide Purchasing Managers’ Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade conditions continued to…
Fed avoids shock to independence for now, with Cook to attend meeting; Miran confirmed to open seat
The U.S. central bank opens a two-day policy meeting on Tuesday having skirted, for now, a first-ever effort by the…
China’s economy continues to slow, strengthening case for fresh stimulus
August data saw momentum weaken further China’s economy continued to slide in August, with all key activity readings falling short…
US import prices increase in August on capital, consumer goods
U.S. import prices unexpectedly rose in August, boosted by strong increases in the costs of capital and consumer goods, suggesting…
Fed opens September meeting with independence under threat
The U.S. Federal Reserve kicks off its two-day policy meeting later on Tuesday where an interest rate cut is all…
US banks borrow $1.5 billion from Fed’s repo facility in sign of mild funding pressure
U.S. banks borrowed $1.5 billion from the Federal Reserve’s Standing Repo Facility on Monday, the deadline for quarterly corporate tax…
US business inventories increase moderately in July
U.S. business inventories increased marginally in July amid a surge in sales, government data showed. Inventories rose 0.2% after advancing…