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Baltic index snaps 3-session winning streak on lower rates

Posted to Maritime Reporter on June 3, 2024

winning streak due to lower rates throughout the vessels. points, or 0.39%, to 1,808. 2,816. coal, to name a few, reduced $32 to $23,357. consumer China broadly weighed on sentiment. its lowest level since April 11. dipped $110 to $15,130. points, or 0.47%, to 1,272.

Germany counts flooding losses as heavy rains stoke environment argument

Posted to Maritime Reporter on June 3, 2024

said the state had actually fallen behind its greenhouse gas targets. leave their homes due to heavy rains. reported. were being released. climate modification. from this catastrophe, he stated. was triggering severe weather condition occasions. calling for brand-new procedures.

South Korea's KFA bought 50,000 to 65,000 T corn in private deal

Posted to Maritime Reporter on June 3, 2024

Monday, European traders said. house CHS at an approximated $246.40 a heap cost and freight (c&& f). consisted of for arrival in South Korea around Sept. 20, traders. stated. The offer was set at 50,000 to 65,000 loads and seller has. to declare the volume to be supplied by June 30, traders stated.

India's Adani Group rallies on infrastructure bets as Modi seen keeping power

Posted to Maritime Reporter on June 3, 2024

Narendra Modi's government. the Modi federal government's focus on facilities development. hit all-time highs. 2023. term, the growth in facilities will be a big focus. Senior VP (Research), Mehta Equities. connection. chosen for a second term.

Sinopec Fuel Oil designates new trade director in Singapore to boost bunker sales

Posted to Maritime Reporter on June 3, 2024

world's biggest bunkering hub. trading. having operated at BP and ExxonMobil Asia Pacific formerly. the company said. sell other relevant items, the company said. The company trades fuel oil and other products with a. combined trading volume surpassing 13 million metric heaps in.

Urals diffs constant, Saudi welcomes OPEC+ ministers to Riyadh

Posted to Maritime Reporter on May 31, 2024

policy meeting. group informed Reuters on Friday. on Friday. tentatively back up as early as Saturday. Kaztransoil told Reuters by email on Friday. crude in the Platts window on Friday. June 2024.

Red Sea diversions, tariff threats send ocean shipping skyrocketing

Posted to Maritime Reporter on May 31, 2024

its busy season. expert at pricing platform Xeneta. that has actually taken the marketplace by surprise, he stated. On Friday, the spot rate to send out a 40-foot (12. meter) container from China to North Europe was $4,615, nearly. 3.5 times higher than on May 1…

Ukraine rockets hit oil terminal at Kavkaz port in Russia's Krasnodar area, Kyiv states

Posted to Maritime Reporter on May 31, 2024

Krasnodar region on Friday, the Ukrainian military stated. facilities that are vital to funding the economy and the war. told Reuters. performed with Ukrainian-made Neptune rockets. the statement said. Telegram messaging app. Krasnodar. hurting two people, according to regional Russian authorities.

Baltic index logs month-to-month increase on strong capesize demand

Posted to Maritime Reporter on May 31, 2024

by increasing need for the capesize vessel section. points, or 0.8%, to 1,815 points. week on a favorable note. 2,820. gain of 34.3%. and coal, increased by $581 to $23,389. customer China weighed on belief. 1.5% to 1,693 points. consecutive week, marking a regular monthly decrease of 8.2%.

Abu Dhabi index leaps ahead of OPEC+ meeting

Posted to Maritime Reporter on May 31, 2024

leading gains ahead of an OPEC+ fulfilling 2 days later. with OPEC+ conversations said on Thursday. Abu Dhabi's benchmark index advanced 1.3%,. rebounding to a 2nd session after hitting a 28month low on. May 29, improved by a 1.9% surge in UAE's biggest listed firm.

Asia spot rates hold at near 6-month top as heatwave persists

Posted to Maritime Reporter on May 31, 2024

focus on supplies for the summer season. ( mmBtu), market sources estimated. given that mid-December. India however this is likewise a price-sensitive market. Masanori Odaka, senior expert at Rystad Energy. worldwide prices are limited. temperature at 52.9 degrees Celsius (127.22 ° F) this week.

Cambodia to begin on controversial Techo Funan canal this August

Posted to Maritime Reporter on May 31, 2024

explaining the advancement as a historic project. might be used by Chinese warships. claims as baseless. in the country's interest. attack on Vietnam, he stated. the Cambodian people. watering for farming. job would continue regardless. We must do it now, we do not wait any longer, he stated.

Cleaner shipping fuel is adding to ocean warming, scientists say

Posted to Maritime Reporter on May 31, 2024

by decreasing cloud cover, according to a modelling research study in a. paper published late on Thursday. International Maritime Company (IMO) guidelines to take on. marine pollution required carriers to cut their fuel sulphur. content to 0.5% from 3.5%, causing an 80% decrease in SO2.

Australian fast food chain Guzman y Gomez seeks to raise $161 mln in June IPO

Posted to Maritime Reporter on May 31, 2024

Guzman y Gomez (GYG) is aiming to raise A$ 242.5 million ($ 160.75. million) in a June initial public offering, according to a. business declaration on Friday, in a deal that would be the. country's biggest new share sale in a year. GYG is wanting to offer 11.1 million shares at A$ 22 each.

Indonesia to issue copper export permits for Freeport, Amman, authorities states

Posted to Maritime Reporter on May 31, 2024

disrupted. Friday. without revealing more information. Dec. 31. to complete the building and construction of their smelters. capability by next month. provide information. for remark. for its new export permit.

Singapore Tuas Port to add 3 more berths to ease vessel wait time

Posted to Maritime Reporter on May 31, 2024

Port Authority (MPA). at Singapore this year, MPA said in a declaration late Thursday. container vessel arrivals. ( TEUs), logging an 8.8% climb versus the exact same duration last year. berth, said MPA. are not affected, MPA included. industry sources informed Reuters earlier this year.

ARA gasoline stocks increase by 10% - Insights Global

Posted to Maritime Reporter on May 30, 2024

Gas stocks held in independent storage in the AmsterdamRotterdamAntwerp

Russia's Tuapse oil refinery remains idle after May 17 drone attack, sources say

Posted to Maritime Reporter on May 30, 2024

profitability, 4 industry sources informed Reuters on Thursday. of refined fuels compared to crude. It's not successful to refine oil. ship items. crude, among the sources stated. Rosneft did not right away reply to a request for remark. refining has not been resumed.

Baltic index hits one-week high up on strong capesize rates

Posted to Maritime Reporter on May 30, 2024

peak due to rising rates in capesize vessel sector. points, or 0.61%, to 1,801. 2,750. coal, to name a few, increased $630 to $22,808. crude steel output in 2024. its lowest level because April 12. dipped $392 to $15,466. for the twelfth successive session, alleviating 7 points, or 0.54%,.

Taiwan purchases approximated 96,850 T wheat of U.S.-origin

Posted to Maritime Reporter on May 30, 2024

Thursday, European traders stated. The purchase was made in two consignments. between July 20 and Aug. 3 and included 31,375 tons of U.S. at an estimated $319.30 a ton free on board (fob), they stated. It also included 11,000 tons of hard red winter season wheat of a.