Author: Admin

CapesizeThe Capesize market trended downward this week, with sentiment consistently softening, particularly in the Pacific. C5 rates came under pressure as iron ore volumes from West Australia declined. While coal cargoes from East Australia offered some support, they weren’t enough to offset the broader weakening. C5 rates steadily fell from $11.00 early in the week to the low-mid $9.00s by week’s end. In the Atlantic, the week began on firmer footing, with limited tonnage and a steady cargo flow sustaining rates. However, as the week progressed, both trans-Atlantic and fronthaul routes saw offers ease. On the South Brazil to China…

[HO CHI MINH CITY] When Vietnam took the historic step earlier this month to legally recognise digital assets, crypto entrepreneur Tran Huy Vu saw it as a long-overdue breakthrough and a promising development for local companies eyeing the fast-growing domestic market. But his optimism quickly gave way to concern over a separate set of draft rules for Vietnam’s pilot crypto asset market, which he fears could stifle innovation and create legal uncertainties for businesses like his own, Kyber Network.“Current regulations and draft rules are vague with a very broad scope of restrictions,” Vu, chief executive at Kyber Network, lamented to…

[ATHENS] The shipping industry was placed on high alert on Sunday (Jun 22) with warnings that Tehran could retaliate against commercial vessels following US airstrikes against Iran’s nuclear facilities.Greece, home to more oil-tanker capacity than any other nation, cautioned its ship owners to think again if they are considering entering the Persian Gulf in the wake of US airstrikes. Vessels planning to sail through the Strait of Hormuz, the waterway that sits at the mouth of the region, should “reassess passage” until the situation normalises, according to a circular seen by Bloomberg that its shipping ministry sent to vessel owners.…

The B-2 bomber pilots who carried out strikes on Iran’s nuclear facilities have returned to the U.S., President Trump confirmed on Sunday.CBS News crews captured video of several B-2 Spirit Bombers flying back to the Whiteman Air Force Base in Missouri on Sunday afternoon. Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, said earlier in the day that seven of the aircraft flew east from the base to Iran to bomb three nuclear sites at Fordo, Natanz and Isfahan. The mission, dubbed “Operation Midnight Hammer,” was the “largest B-2 operational strike in U.S. history,” Caine said.”Thank you for a job well done!!!,”…

More than 500,000 employees worldwide handle approximately 17 million shipments each day at the companyPublished Mon, Jun 23, 2025 · 07:39 AM[NEW YORK] Federal Express’ (FedEx) founder and former CEO Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the 1970s, has died, the company’s CEO Raj Subramaniam said in a memo to staff posted on its website on Saturday (Jun 21).Born in 1944, Smith was most recently serving as the firm’s executive chairman and focused on board governance, as well as issues of global importance, including sustainability, innovation and public policy, according to…

[LONDON] Britain will aim to cut the electricity bills of thousands of companies under a new industrial strategy to be published on Monday, heeding calls from business to lower high energy costs that they say have damaged competitiveness and hindered growth.Under an industrial strategy for the decade 2025-2035, the government plans to cut the bills of electricity-intensive manufacturers by up to 25 per cent from 2027, a move it said could benefit more than 7,000 businesses.The government has made boosting Britain’s anaemic growth a key priority. But lawmakers and business leaders had highlighted the sky-high energy costs many companies face…

Max Muncy hit a grand slam to give the Los Angeles Dodgers the lead over the Washington Nationals.

[TOKYO] As the US-China trade war expands into the auto, steel and rare earths sectors, few companies are feeling the pressure more than top Japanese car parts supplier Daido Steel.The supplier to Honda Motor and other major marques is facing a trio of headwinds: a 50 per cent tariff on US imports of steel, a 25 per cent duty on foreign-made cars and a levy on parts, and China’s tightening of exports of rare earths – minerals critical to make magnets for car motors. “They have started putting up walls,” chief executive officer Tetsuya Shimizu said in an interview at Daido…

Los Angeles Dodgers’ slugger Shohei Ohtani hit a bases-clearing triple against the Washington Nationals.

HELSINKI, June 23, 2025 /PRNewswire/ — New research presented today at the European Academy of Neurology (EAN) Congress 2025 reveals that frequent nightmares are associated with significantly accelerated biological ageing and a more than threefold increase in the risk of premature death. This study is the first to show that nightmares independently predict faster biological ageing and earlier mortality – even after accounting for other health issues.  Led by Dr Abidemi Otaiku of the UK Dementia Research Institute and Imperial College London, the study analysed data from 2,429 children aged 8 to 10 and 183,012 adults aged 26 to 86…