Weak demand for capesize vessels weighs on Baltic index

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell...

Market weighs ‘massive purchase’ of products by Venezuela’s PDVSA

Venezuela’s PDVSA has issued a flurry of new tenders for oil products in the last few days and although...

China iron ore, steel resume decline as slack demand weighs

Steel and iron ore futures in China fell 1 percent on Monday, as the two commodities retreated on lingering worries over weak demand in the world’s top steel consumer after a two-day spike.

Russia weighs extension of deal as oil price disappoints

Russia’s deal with Opec to cut crude supply hasn’t delivered the price boost the world’s largest oil and gas exporter expected, according to Deputy Prime Minister Arkady Dvorkovich.

Dubai Shipowner Weighs Share Sale, Islamic Bonds in Expansion

Gulf Navigation Holding PJSC may sell shares or Islamic bonds as the Dubai-based shipowner plans to seek funds to double or triple its fleet of oil and chemical ships, Chief Executive Officer Khamis Juma Buamim said.

Iron ore drops, stays below $100/tonne as glut weighs

Iron ore slipped and stayed close to its weakest level since September 2012 at below $100...

Slower trade weighs on clean tanker rate gains

Clean tanker rates for refined petroleum products on top export routes were steady on Monday with slower business...