Baltic index snaps five-day rally as capesize rates sink
The Baltic Exchange’s main sea freight index snapped a five-session winning streak on Thursday, as rates for the capesize vessel…
China’s April iron ore imports stay high as lower prices draw buyers
China’s April iron ore imports ticked up 1.1% from the previous month, customs data showed on Thursday, as lower prices…
China April coal imports rise on lower domestic output, summer restocks
China’s coal imports rose in April, customs data showed on Thursday, fuelled by lower domestic production and greater buying by…
Iron ore, steel prices mostly fall as demand eases after China holiday
Prices of iron ore and steel products in China declined on Thursday, pressured by weaker steel demand as stockpiling needs…
Now is the right time: ICS chief Guy Platten to step down in 2025
Secretary general has lobbied governments and industry to ensure shipping gets fair share of green fuels
India’s 2023/24 fiscal deficit seen slightly better than projected, source says
India’s fiscal deficit for the year ending March 2024 is expected to be slightly better than the government’s projection of…
China’s exports and imports return to growth, signalling demand recovery
China’s exports and imports returned to growth in April after contracting in the previous month, signalling an encouraging improvement in…
US weekly jobless claims highest in more than eight months as labor market eases
The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than…
US overtakes China as Germany’s top trading partner
The United States overtook China as Germany’s most important trading partner in the first quarter of this year, according to…
EU Forces Capture Pirates After Approach and Gunfire with Product Tanker
EUNAVFOR Operation Atalanta is confirming that one of the frigates involved in its security operation off Somalia has “taken charge”…