UN Ship Leaves Ukraine with Wheat for Ethiopia
The third vessel charted by the United Nations World Food Program (WFP), left Ukraine’s Chornomorsk Black Sea port with around 30,000 tonnes of wheat on board, Ukraine’s infrastructure ministry said on Saturday.“The vessel is headed for Ethiopia. According to UN estimates, Ethiopia is on the verge of a food crisis,” the ministry said in a statement.It said that in partnership with the WFP, three ships loaded with more than 90…
Fire Hits Oil Terminal, Tanker in Venezuela
A fire erupted on Saturday at an oil terminal in Venezuela when a hose used for supplying gasoline to a tanker broke lose, the country's oil minister Tareck El Aissami said.The fire, which occurred early on Saturday at one of Guaraguao terminal's berths, located on Venezuela's eastern coast, was extinguished shortly after, but also affected Panama-flagged oil vessel Larko and interrupted the terminal's operations, according to shipping sources.No injuries have been reported.
Towboats Collide on the Gulf Intracoastal Waterway
The U.S. Coast Guard said it is monitoring a barge with heavy fuel oil aground after a two towboats collided near Plaquemine, La., at mile marker 43.5 on the Port…
Rhine Water Levels in Germany Approaching Normal Depths
Water depths on the Rhine River in Germany have risen thanks to recent rain and are approaching normal levels after falling this summer to lows that disrupted transportation, vessel brokers and commodity traders said on Monday.But, since dry weather was forecast for much of this week, levels could fall again and the picture had not yet normalized, brokers said.The Rhine is an important shipping route for such commodities as grains…
Will the Future be Walls or Bridges? Equinor Releases "Energy Perpectives 2022"
Energy Perspectives 2022: Long-term development in the world’s energy markets and how politics, technologies, companies, and consumers can influence it, is an overarching theme of the energy transition.With inflation raging, geopolitical disruption and resultant energy security concerts, and continued logistics woes, the table is set for Equinor to deliver its insights on energy courtesy of its "Energy…
Oil Drops 1.5% on Strong Dollar, Demand Projections
Oil fell by more than 1.5% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline.Central banks around the world are certain to increase borrowing costs this week and there is some risk of a blowout 1 percentage point rise by the U.S. Federal Reserve. "The upcoming Fed meeting and the strong dollar are keeping a lid on prices…
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