Friday

06-06-2025 Vol 19

Category: News

Dry Bulk Ship Prices Surge Amid Market Recovery, Reports Reuters AP Newsletters

Dry bulk carrier prices are on the rise, reflecting an improving market condition. A review of historical data indicates that…

Speedcast SIGMAT’s Next-Gen Release: Enhanced Architecture and Software for Modern Edge Operations Challenges

Speedcast, a prominent provider of communications and IT services, has unveiled its latest release of the SIGMA™ intelligent edge network…

Asyad Shipping Expands Fleet with Purchase of Two Mega Crude Tankers in Oman

Asyad Shipping has recently announced the acquisition of two mega crude oil tankers, which rank among the largest globally with…

CPC Blend Differential Hits Five-Week Low Amid Struggles to Place Prompt Cargoes, Reports Reuters

The differential for CPC Blend has dropped to its lowest point in five weeks as of May 22, primarily due…

Rising Oil Stocks May Signal Bad News for Prices: Impacts on Land and Sea Trade

The rise in oil inventories stored both on land and at sea has recently surged, presenting an alarming indication of…

Frontline Reports $33.3 Million Profit for the First Quarter, According to Reuters AP Newsletters

Frontline plc announced its unaudited financial results for the first quarter ending March 31, 2025, reporting a profit of $33.3…

Advanced Shipping & Trading

Advanced Shipping & Trading presents the weekly shipping market report for Week 21 of 2025. In recent developments, Oldendorff Carriers…

Middle East Crude Benchmarks Decline for Second Session Amid OPEC+ Supply Hike Expectations, Reports Reuters

Middle East crude benchmarks Oman, Dubai, and Murban experienced a decline for the second consecutive session on Friday. Market expectations…

Weaker Dollar and Enhanced Risk Appetite Boost Copper Prices, Reports Reuters AP Newsletters

Copper prices and other base metals experienced an uptick on Friday, largely driven by a weaker U.S. dollar and a…

HD Korea Shipbuilding Secures $270.6 Million Contract for Two LNG Bunkering Vessels

HD Korea Shipbuilding & Offshore Engineering, part of the HD Hyundai group, announced on May 23 that it has secured…