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The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, soared about 7.3% to the highest since mid-December at 2,148 points on Friday. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, jumped 12% to 3,507 points; and the panamax index, which usually carries 60,000-70,000 tons ...

Recent developments in oil production and export flows from Venezuela have prompted closer market attention on alternative sources of heavy and discounted crude, including supplies associated with Iran, as Asian refiners reassess sourcing strategies. Asian refiners continue to have access to a broad set of global suppliers. That said, refiners with higher exposure to Venezuelan ...

As the global shipping industry stares down the barrel of its decarbonisation gun, a propulsion technology that had fallen out of favour is making a return. According to a white paper released by DNV, nuclear propulsion is today no longer a “distant prospect” but a “real option” that could fundamentally reshape the commercial maritime fleet. ...

The East/West swap spread for high sulfur fuel oil climbed to its strongest level in nearly four years, reflecting a widening disconnect between a soft European complex and a firmer Asian market. Platts, part of S&P Global Energy, assessed the front-month paper East/West spread — the difference between 3.5% FOB Singapore cargoes and the equivalent ...

For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts. If your organisation is considering index-linked contracts or requires regional visibility/coverage beyond the eight trade lanes provided below, contact our ocean freight cost benchmarking team. Drewry’s World Container Index decreased 5% to $2,107 per 40ft container this week. ...

Union Minister of Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal termed the President’s address to Parliament as visionary which has reinforced the government’s long-term policy commitment to strengthening India’s maritime sector, inland waterways and blue economy, describing it as a clear affirmation of the national strategy to build globally competitive logistics and shipping capabilities. “The ...

There have been pockets of biofuel bunkering progress in the Americas over the past year, but uptake remains sparse and highly fragmented. Biofuel bunker activity across the Americas accounted for around 5% of global biofuel bunker deliveries in 2025, according to ENGINE’s fuel quality data, which represents approximately 60% of all lab samples globally. Houston, ...