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July 23, 2024
The Global Centre for Maritime Decarbonisation in Singapore (GCMD) announced this week that it had completed the final trials of biofuels for ships, with German container company Hapag-Lloyd as well as energy giant BP. The GCMD started an 18…
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July 23, 2024
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Overview - On Thursday, the Bank of England announced that it was experiencing a temporary outage of its CHAPS interbank payments system.
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July 23, 2024
Shipping data released on Thursday shows that the number of LNG tankers awaiting loading at Freeport LNG, Texas, has increased since last week when the U.S.'s second largest LNG exporter halted its processing in anticipation of Hurricane Beryl. Beryl hit Texas on July 8, near Matagorda.
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July 23, 2024
Air India announced on Friday that a plane containing food and other necessities was heading to Russia to pick up passengers who were stranded there after an earlier flight bound for San Francisco made an emergency landing. Air India's aircraft…
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July 23, 2024
The European Wheat Futures were little altered on Thursday, as the rebound from its four-month low was halted amid fierce export competition due to Black Sea supplies. The price of front-month wheat for September on Euronext remained unchanged at 215.00 Euros ($234.63) per metric ton.
Posted to Maritime Reporter
on
July 23, 2024
Shipping data released on Thursday shows that the number of LNG tankers waiting at Freeport LNG, Texas, has increased since last week when the U.S.'s second largest LNG exporter halted its processing in preparation for Hurricane Beryl. Beryl hit Texas on July 8, near Matagorda.
Posted to Maritime Reporter
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July 23, 2024
Two people with knowledge of the sale said that Saudi Arabian Bahri dropped its bid to buy Schenker's German logistics unit from Deutsche Bahn, reducing the competition down to DSV or CVC. Sources said that the departure of Bahri means that…
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July 23, 2024
Traders said that the price of Russian Urals crude is stable in Indian ports. The market's attention has shifted to cargoes due to load next month, amid an anticipated limited lifting plan for Russia’s western ports. In Indian ports, urals oil…
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July 23, 2024
Vineyard Wind warned on Thursday that debris from an offshore wind turbine which broke could wash up along the Massachusetts coastline after a large portion of the damaged shaft fell into the sea. The company stated that although crews work to remove debris from the ships…
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July 23, 2024
The European Wheat Futures fell on Thursday, as the rebound from its four-month low was stalled by stiff competition from Black Sea exports. The price of front-month September wheat at the Paris-based Euronext Exchange was down by 0.2% to 214.50 euro ($233.98), per metric tonne, as of 1528 GMT.
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July 23, 2024
An official notice published on Thursday showed that Britain has added 11 new sanctions to its Russia sanctions regime in relation to the conflict in Ukraine. The government stated that the sanctions against ships such as Zaliv Amurskiy, SCF…
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July 23, 2024
Transnet, a troubled South African logistics company, has been approved for a $1 billion loan by the African Development Bank. The bank and Transnet announced this on Thursday. Transnet, the state-owned company in South Africa, has struggled…
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July 23, 2024
As a way to solve the jet fuel shortages at Japanese airports, the head of Japan's petroleum industry demanded on Thursday that international airlines provide flight schedules as well as jet fuel demand predictions a year ahead. Jet fuel shortages in Japan…
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July 23, 2024
Prosecutors said that Russian airstrikes on Ukraine's frontline Donetsk Region on Thursday killed five civilians, injured three more, and damaged private homes and a residential structure. The general prosecutor's Office announced on Telegram…
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July 23, 2024
The Vineyard Wind offshore project, which dispersed shards and fiberglass along Massachusetts beaches this week, was the latest of a string of wind turbines manufactured by GE Vernova to fail. According to a recent analysis of wind power incidents…
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July 23, 2024
JSW Infrastructure, India's largest private port operator by cargo handled, announced a drop of nearly 9% in its first-quarter profits on Thursday. This was due to higher expenses. The company's net profit for the quarter ended 30 June fell…
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July 23, 2024
The French shipping and logistic company CMA CGM announced Thursday that it has entered into a partnership agreement with Alphabet’s Google in order to accelerate the deployment of AI across all its global operations. CMA CGM strives to improve…
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July 23, 2024
European traders reported on Thursday that Algeria's state grain agency OAIC purchased between 700,000.00 and 750,000 metric tonnes of milling wheat at an international auction on Wednesday. The estimate of 600,000 tonnes by traders on Wednesday evening was lower.
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July 23, 2024
The renewables division of the French power giant EDF and Repsol, a Spanish energy company, have agreed to work together in auctions for offshore wind in Spain and Portugal. The companies announced on Thursday that they had signed an exclusive…
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July 23, 2024
European traders reported on Thursday that Algeria's state grain agency OAIC purchased between 700,000.00 and 750,000 metric tonnes of milling wheat at an international auction on Wednesday. The estimate of 600,000 tonnes by traders on Wednesday evening was lower.
