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Freight & Commodities

Stay up to date with the latest in Freight & Commodities— covering market updates, regulatory changes, vessel activity, and expert commentary from top maritime sources.

‘There is a path to take them off’: US hints at scrapping 25% tariffs on India linked to Russian oil

29 Jan, 2026
US Treasury Secretary Scott Bessent has hinted that the 25% extra tariffs on India could be scrapped following a reduction in Indian imports of crude oil from Russia. “We put 25% tariffs on India for buying Russian oil. And Indian purchases...

Iron Ore Pressured by Weak Fundamentals

29 Jan, 2026
Iron ore futures slipped below CNY 790 per ton, sliding toward one-month lows as rising supply and concerns over demand in top consumer China weighed on prices. Steelmakers have begun equipment maintenance ahead of the Lunar New Year holida...

Guinea’s bauxite exports jump 25% to 183 million tons in 2025 on Chinese demand

29 Jan, 2026
Guinea’s bauxite exports rose 25% in 2025 to 182.8 million metric tons, official data seen by Reuters showed, cementing its dominance in aluminium ore supply. A record 74% of shipments went to China, according to Chinese customs data, as Be...

Market expectations are weak, iron ore prices continue to be in the doldrums

29 Jan, 2026
DCE iron ore futures opened weaker in the morning session but rebounded slightly in the afternoon. The most-traded contract I2605 closed at 788 yuan/mt, down 0.51% from the previous trading day. Spot prices rose 2-3 yuan from the previous d...

Russia increases supplies of soybean oil to MENA countries 11% to $290 mln in 2025 – Agroexport

29 Jan, 2026
Russia exported soybean oil to the Middle East and North Africa (MENA) countries worth nearly $290 million in 2025, up 11% from 2024, the Agroexport federal center said, citing expert estimates. This region accounted for 43% of the export r...

South Korea sees no impact on US energy purchases despite Trump’s tariff hike

29 Jan, 2026
South Korea sees no impact on its pledge to buy $100 billion in US energy products, mainly LNG, officials at the Industry and Resources Ministry said Jan. 27, as US President Donald Trump raised tariffs on Seoul to 25% from 15%. “We are mon...

Soybean Prices Near Multi-Week High on Weak Dollar

29 Jan, 2026
Soybean futures hovered around $10.70 per bushel, near their highest level since mid-December, supported by a weaker US dollar even as expectations of a bumper Brazilian harvest limited further gains. The greenback slid to its lowest level ...

Wheat Prices Ease as Weather Fears Fade

29 Jan, 2026
Wheat futures hovered near $5.20 per bushel, easing from a nearly six-week high of $5.30 reached on Monday, as concerns over weather-related supply disruptions began to fade. Fears that a US winter storm could damage crops or disrupt grain ...