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Saturday, November 2, 2024

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Jordanian traders report that they are willing to purchase up to 120,000 tonnes of wheat

Posted to Maritime Reporter on June 12, 2024

The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from a variety or origins. European traders confirmed this on Wednesday. The deadline for submitting price offers is June 25, 2018.

UKMTO: Small vessel hits merchant ship in Red Sea

Posted to Maritime Reporter on June 12, 2024

United Kingdom Maritime Trade Operations said that a small boat struck a merchant ship who reported an incident on Wednesday in the Red Sea. Two maritime sources, who spoke on the condition of anonymity said that there was damage to the vessel in what seemed like a deliberate assault.

Crude quality problems on TMX pipes may hinder flows from Canada to US West Coast refining facilities

Posted to Maritime Reporter on June 12, 2024

West Coast traders and U.S. refiners are expressing concerns over the quality of crude oil shipped via the recently completed Trans Mountain Pipeline expansion (TMX). They warn that high vapor-pressure and acidity limitations could discourage purchases of Canadian heavy barrels.

Biden administration touts quick Baltimore channel reopening

Posted to Maritime Reporter on June 12, 2024

Government officials say that the reopening this week of Baltimore's main ship channel, less than three month after the Key Bridge collapse, was made possible by the expertise from the COVID task force and a collapsed highway overpass, as well as the 2021 Infrastructure Law.

DFS Furniture UK warns of lower profit due to Red Sea disruptions and subdued Demand

Posted to Maritime Reporter on June 12, 2024

DFS Furniture, a British company, said it expects a lower profit for the year, due to a subdued upholstery market, delays in customer deliveries, and increased freight costs as resulting from Red Sea disruptions. The company that operates in…

Ukraine exports 48.4 million tonnes of grain in 2023/24: Ministry

Posted to Maritime Reporter on June 12, 2024

Data from the Agriculture Ministry showed that Ukraine's grain sales in the July-June 2023/24 marketing season were up to 48.4 millions metric tons on June 12 compared with 46.7 million tons at the same time in 2023. Total volume includes 1.45 million tonnes sent abroad since June's start.

Rhine in South Germany reopens for shipping as water levels drop

Posted to Maritime Reporter on June 12, 2024

Navigation authorities reported that the Rhine river in southern Germany was reopened for cargo shipping Wednesday, after it had been closed Tuesday due to high water. The German agency for inland navigation said that the water level has dropped…

Orsted installs Tesla battery for UK Offshore Wind Farm

Posted to Maritime Reporter on June 12, 2024

The Danish company announced on Wednesday that the renewable energy group Orsted would install a Tesla Megapack storage system in connection with Britain's Hornsea 3 off-shore wind farm. As the production of renewable energies increases, energy…

Singapore receives its first cargo of fuel oil exported from Nigeria's Dangote Refinery

Posted to Maritime Reporter on June 12, 2024

According to market and ship tracking data, Singapore, Asia's main oil hub, is set to receive this week the first cargo of low-sulfur straight-run fuel (LSSR) oil exported from Nigeria's newly built Dangote refinery. The newly-commissioned refinery…

Huge aluminium stocks transfer causes LME load-out queue: Andy Home

Posted to Maritime Reporter on June 11, 2024

Last month, the London Metal Exchange (LME)'s aluminium stock saga took a surprising turn. In April, the focus was on Russian metal. The latest U.S. sanction package banned exchanges from accepting Russian aluminum produced after April 12, The…

Dutch government grants permits for development of 4 GW offshore Wind Project

Posted to Maritime Reporter on June 11, 2024

In the biggest wind tender to date, the Dutch government awarded permits for the development of offshore wind farms totaling 4 gigawatts off the coast of the Netherlands.They said that Vattenfall, a Swedish energy company, and Copenhagen Infrastructure Partners…

Red Sea ship attacks increase crude oil and fuels by 47% in Africa

Posted to Maritime Reporter on June 11, 2024

The Energy Information Administration reported on Tuesday that the number of crude oil and oil product shipments using the longer route between Asia, Middle East, and the West has increased by 47% since the attacks on vessels taking the shorter Red Sea route began.

IOM: At least 49 migrants killed, 140 missing near Yemen coast

Posted to Maritime Reporter on June 11, 2024

The U.N. migration agency reported on Tuesday that at least 49 migrants were killed and 140 more missing when their boat capsized near the coast of Yemen. International Organization of Migration's (IOM) released a statement stating that the vessel was departing from Somalia…

Huge aluminium stocks transfer causes LME load-out queue: Andy Home

Posted to Maritime Reporter on June 11, 2024

Last month, the London Metal Exchange (LME)'s aluminium stock saga took a surprising turn. In April, the focus was on Russian metal. The latest U.S. sanction package banned exchanges from accepting Russian aluminum produced after April 12, The…

Paraguay's soy exports increase as prices rise, according to data

Posted to Maritime Reporter on June 11, 2024

Exports of Paraguay’s soybean crop are gaining steam, according to shipment data provided by Reuters. Farmers are accelerating sales due to a stronger global market and higher prices. According to previously unreported figures, the landlocked…

Hapag-Lloyd does not see a Suez passage in the immediate future, even if a ceasefire is reached now

Posted to Maritime Reporter on June 11, 2024

A spokesperson for Hapag-Lloyd told Reuters that the German shipping company does not expect the Suez Canal to be open again anytime soon, despite a recent ceasefire between Hamas & Israel. The world's fifth largest shipping company made the comments after Palestinian groups welcomed an U.N.

Panama Canal increases number of booking slots for neopanamax and panamax

Posted to Maritime Reporter on June 11, 2024

After rains which have helped water levels recover, the Panama Canal Authority announced late on Monday that the number of vessels allowed to pass through its waterway will be increased to 34 per day. The new slots are effective from July. The…

Baltic index drops to a one-week low, as Capesize rates fall

Posted to Maritime Reporter on June 11, 2024

The Baltic Exchange’s main sea freight indicator, which tracks rates of ships transporting dry bulk goods, reached its lowest level since a week Tuesday. This was mainly due to lower capesize rates. * The overall index which includes rates for capesizes…

Jordan purchases 60,000 metric tonnes of wheat through a tender

Posted to Maritime Reporter on June 11, 2024

In an international auction held on Tuesday, Jordan's state grain buyer bought about 60,000 metric tonnes of hard milling whey from optional origins. They said that it was estimated to have been purchased from CHS for $271.95 per tonne cost and freight…

Colonial allocates Cycle 35 shipments to distillate Line 20

Posted to Maritime Reporter on June 11, 2024

Colonial Pipeline Co has allocated space on Line 20 for Cycle 35 shipments, which transports distillates from Atlanta, Georgia, to Nashville, Tennessee. The company announced this in an email sent on Tuesday to shippers. The pipeline operator…

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