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Baltic index hits near 1-month short on weaker vessel rates

Posted to Maritime Reporter on May 28, 2024

Tuesday, weighed down by lower rates throughout all sections. points, or 0.72%, to 1,784, its most affordable level considering that May 2. 2,608. coal, to name a few, reduced $41 to $21,633. * The dry bulk market saw a 74% decrease in transits and a.

Pepkor aims to tap higher earnings shoppers with rebranded womenswear stores

Posted to Maritime Reporter on May 28, 2024

upmarket to tap midtoupper income consumers as it looks for a. bigger share of the adult wear market. The retailer, which also offers electronic devices, has a dominant. market share in children's wear in South Africa through its. largest organization PEP along with Ackermans.

Intensifying emissions: How Red Sea disruptions are driving up carbon emissions

Posted to Maritime Reporter on May 28, 2024

increase their carbon dioxide emissions. these rerouted journeys contribute to the difficulty. forced them to alter providers, and increasing freight costs. in Europe for PepsiCo. 2030 and 2040 environment pledges. disturbances. adding hundreds of kilometers (miles) to each journey.

British Service - May 28

Posted to Maritime Reporter on May 28, 2024

business pages of British papers. confirmed these stories and does not attest their precision. seeking to breathe life into the long-delayed job. billion-dollar startup. fast-fashion merchant established in China sets its sights on a. London stock exchange listing.

Ukraine leader states French military instructors to visit Ukrainian training centres

Posted to Maritime Reporter on May 27, 2024

trainers to visit Ukrainian training centres soon. link with French defence minister Sebastien Lecornu. personnel. this enthusiastic task. sending troops to Ukraine and at a conference in Paris on Feb. be to train Ukrainians in Ukraine. February 26.

X-Press Feeders completes its first bio-methanol bunkering at Singapore

Posted to Maritime Reporter on May 27, 2024

dualfuelled vessels purchased. 2035 and to reach net-zero carbon emissions by 2050. such as waste and residues helps reduce carbon emissions by 65%. versus traditional marine fuel, said Francis Goh, chief. operating officer at X-Press Feeders.

Proman Stena Bulk refuels ship with methanol for first time in Singapore

Posted to Maritime Reporter on May 27, 2024

metric tons of methanol in Singapore on Friday, the company's. Such operation there. The operation leads the way for more cleaner-burning fuels. to be provided to ships in Singapore, the world's biggest. bunkering port. Delivering creates 3% of global greenhouse gas. emissions.

Urals diffs inch up in India amid need for June barrels

Posted to Maritime Reporter on May 25, 2024

for Juneloading barrels, traders said on Friday. at a. discount of $3.50 per barrel to dated Brent, slightly firmer. than May freights, which traded at a discount rate of $3.50-4 per. barrel versus dated Brent on provided ex ship (DES) basis in. Indian ports, traders said.

Asian spot LNG costs at five-month high on firm need, geopolitical threats

Posted to Maritime Reporter on May 25, 2024

Russian gas supply. $ 10.90/ mmBtu in the previous week, industry sources approximated. unforeseen blackouts and ongoing geopolitical dangers, said Alex. Froley, senior LNG analyst at information intelligence company ICIS. Asian buyers have been increasing demand to capitalize.

India's use of crude tankers to export diesel slows in May

Posted to Maritime Reporter on May 25, 2024

volumes of the commercial fuel West.While more April shipments from India to Europe offered a. floor for Asian margins, less such voyages in May will likely. oblige Indian refiners to shift diesel sales back to Asia,. intensifying a supply excess in the region, analysts and traders.

EU anti-piracy force flags possible attack off Somali coast

Posted to Maritime Reporter on May 25, 2024

off the coast of Somalia. African nation's long shoreline in between 2008 and 2018. capital Mogadishu while the vessel was heading north. initially star to react. appropriate actions to react, it added. 420 nautical miles southeast of Merca, Somalia. UKMTO.

Egyptians stay in detention after Greek court acquittal over shipwreck

Posted to Maritime Reporter on May 25, 2024

despite a court ruling dismissing a case versus them over a. 2023 shipwreck, one of the deadliest in the Mediterranean. The disaster stunned Europe and the case has actually been followed. carefully in Greece, which has been a gateway to the European. Union for countless migrants and refugees.

Small Supply issues drive European manganese rates to near 1-year high

Posted to Maritime Reporter on May 25, 2024

Australian supplier. according to Reuters reporting. A cyclone in March shut operations at South32's. Groote Eylandt Mining Co (GEMCO) system in the Gulf of. Carpentaria, Australia. In April, South32 said it would take about a year to reboot. exports at the center.

ARA gasoil stocks decrease by 2% - Insights Global

Posted to Maritime Reporter on May 25, 2024

Gasoil stocks held in independent storage in the AmsterdamRotterdamAntwerp

Designer seeks permit to send out United States gas to Mexico for LNG exports

Posted to Maritime Reporter on May 24, 2024

A Mexican energy designer is seeking U.S. consent to export gas to Mexico, turn it into melted natural gas (LNG) and send it to countries with U.S. freetrade contracts, its filing with the U.S. 2022, it stated in the May 10 filing. transform U.S. are planned in Mexico, primarily to process U.S.

Russia's Urals unrefined rates inch up in Indian ports for June-loading barrels

Posted to Maritime Reporter on May 24, 2024

pledged by Russia, two traders said. ports, traders stated. loading dates, among the traders said. runs. there is less oil offered for exports. lower exports.

Proman Stena Bulk refuels ship with methanol for very first time in Singapore

Posted to Maritime Reporter on May 24, 2024

metric tons of methanol in Singapore on Friday, the business's. initially such operation there. The operation paves the way for more cleaner-burning fuels. to be supplied to ships in Singapore, the world's biggest. bunkering port. Shipping creates 3% of global greenhouse gas. emissions.

Yemen's Houthis state they introduce attacks on 3 ships consisting of one in Mediterranean

Posted to Maritime Reporter on May 24, 2024

Sarea said on Friday. is solidarity with Palestinians battling Israel in the Gaza war. Mediterranean Sea and MSC Alexandra in the Arabian Sea. avoids entry into occupied Palestinian ports, Sarea included. He did not clarify when the attacks happened. The U.S.

Italy's Fincantieri establishes Saudi shipbuilding system

Posted to Maritime Reporter on May 24, 2024

its new unit Fincantieri Arabia, the group stated on Wednesday. an industrial conference. the Middle East in recent years. Saudi market and was well placed for development in the region. of its incomes. establishing strategic collaborations.

Baltic index logs weekly dip as capesize rates decrease this week

Posted to Maritime Reporter on May 24, 2024

bigger capesize section likewise succumbed to the week. point, or 0.06%, to 1,797 points. by 2.55%. * The capesize index inched up 29 points, or 1.12%,. to 2,613. The index signed up a weekly decline of over 2.31%. * Average everyday revenues for capesize vessels,.

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