Drewry: Dry Bulk Equity Index Up 25.2% Year-to-Date Eclipsing the S&P 500

The difference in returns between the Drewry Dry Bulk Equity Index and the S&P 500 continues to narrow in 2024, showcasing the sectorial index’s outperformance. In YTD (ending 23 May), the Drewry Dry Bulk Equity Index rose 25.2%, surpassing the S&P 500’s 10.4% gain over the same period. This trend...


OOIL leads gains in listed dry bulk shipping firms on strong freight rates

Shares of Orient Overseas (International) Ltd 0316.HK (OOIL) lead the rise in Hong Kong-listed dry bulk shipping firms, climbing 5.3% to HK$144.50 – the highest since May 9, 2023 OOIL is the second biggest pct gainer in Hang Seng Commerce & Industry Index .HSNC and Hang Seng Index .HSI Jefferies...


India’s robust LNG imports are Asia’s standout, but higher prices may weigh

Asia’s imports of liquefied natural gas (LNG) are displaying contrasting dynamics in May, with strength in usually price-sensitive buyers like India, but a softer trend in the developed economies such as Japan and South Korea. The top-importing continent is on track to receive about 23.61 million...


Wind Propulsion Systems will be Installed on 7 Vessels Operated by MOL Drybulk

Mitsui O.S.K. Lines, Ltd. and its group company MOL Drybulk Ltd. yesterday announced their intent to install wind propulsion systems including Wind Challenger (Note 1) on a total of seven newbuilding bulk carriers and multi-purpose vessels, which will be operated by MOL Drybulk. MOL has measured...


Asia Fuel Oil-VLSFO retains downside; bunker premiums at year-to-date lows

Asia’s very low sulphur fuel oil (VLSFO) benchmarks inched lower on Monday, retaining downside risks along with bunker fuel premiums which were near year-to-date lows, trade sources said. Cash premium for VLSFO was pegged at a premium of $4.26 a metric ton, slightly lower from last week. Meanwhile,...


Asia Naphtha/Gasoline-Gasoline market rises on strong demand hopes

Asia’s gasoline market gained on Monday in anticipation of robust summer demand in the United States and the rise in Japanese demand as refiners undertook planned maintenance in the country. The crack rose to $8.84 per barrel over Brent crude, compared with $8.27 in the last session. Reports of a...


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