Around the port of Melbourne in Australia, stronger bunker demand for high sulfur fuel oil has tightened prompt product availability and also limited barging schedules amid the peak cruising season in full swing around the region, traders said Nov. 22.    ...

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Asia’s spot premium for very low sulphur fuel oil (VLSFO) slipped to a three-month low on Friday, weighed by ample prompt supply in the market. The Singapore VLSFO cash premium was pegged below $4.50 a metric ton, while backwardation continued to narrow at the prompt...

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Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical uncertainty, citing an anticipated 0.4 mb/d surplus next year, the bank said in a note on Thursday. “Our base case is that Brent stays in a...

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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday, pressured by losses across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped...

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Miros, an industry leader in real-time ocean insights for maritime and offshore operations, has launched its new wave and vessel motion prediction technology. This next-generation product, named ‘PredictifAI’, delivers a real-time, in-operation picture of the wave...

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A major container shipping company has announced it will no longer use the Port of Felixstowe for its larger vessels from next year. Maersk said the changes would take effect in February following a review of its Asia-Europe shipping routes. The firm said it had...

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