Dry FFA market volume surges in April

April was the busiest month of the year for the dry bulk freight derivatives market.
Figures compiled by the Baltic Exchange showed that more than 140,000 lots were traded in the forward freight agreement (FFA) and options markets, a 60% year-on-year (y/y) increase on average volumes for the first
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Icon Offshore retains support of Ekuinas

Malaysia-listed Icon Offshore will continue to have the funding support of Ekuiti Nasional (Ekuinas), dismissing rumours that the private fund-management company has plans to end its support for the oil and gas services provider.
Currently, Ekuinas holds a 42.3% stake in Icon Offshore, making it
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VLGC rates top $100 per tonne

Rates to haul LPG on very large gas carriers (VLGCs) have exceeded USD100 per tonne as most of the available ships for May loading have been snapped up.
The Baltic Exchange assessed the benchmark Gulf-Asia Pacific route at USD100.25/tonne on 5 May, up from USD97.313/tonne on 28 April.
At current
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