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Lula claims Brazil will return to "normal" once the cenbank chief is replaced

Posted to Maritime Reporter on June 21, 2024

The Brazilian president Luiz Inacio Lula Da Silva called the head of the central banking his "opponent", and said the country would return to "normal" after Roberto Campos Neto's term ends in late 2024. The president of the Brazilian central…

Italia recovers 14 additional bodies following migrant shipwreck

Posted to Maritime Reporter on June 21, 2024

The Italian coast guard recovered another 14 bodies from the wreckage of a ship carrying migrants off the southern Calabria area on Friday. At least 34 people were killed, according to a press release. Charity agencies reported that the shipwreck…

Olympics-LA28 shifts athletics to the first week and two events to Oklahoma City

Posted to Maritime Reporter on June 21, 2024

Organisers announced on Friday that the canoe-slalom, softball and athletics competitions of the Los Angeles Olympics 2028 will take place in Oklahoma City. Swimming will follow the athletics during the first week. LA28 reported in a press release…

Fire at Tiplam terminal, Brazil's Santos Port, suspends sugar loading

Posted to Maritime Reporter on June 21, 2024

According to a company note, a fire at the Tiplam Terminal in Santos' largest port destroyed a conveyor and electrical systems, causing a suspension on sugar loading for piers 2 & 3. The fire started on Thursday evening and was put out by Friday morning.

Ecuador's Petroecuador declares force majeure over Napo crude exports, sources say

Posted to Maritime Reporter on June 21, 2024

Sources said that Ecuador's Petroecuador state oil company declared force majeure on exports of Napo heavy oil due to the closure of a pipeline and oil wells caused by heavy rains. The weekend's intense rains forced the closure of three hydroelectric power plants…

Fire at Tiplam terminal, Brazil's Santos Port, suspends sugar loading

Posted to Maritime Reporter on June 21, 2024

According to a company note, a fire at the Tiplam Terminal in Santos' largest port destroyed a conveyor and electrical systems. This caused the suspension of sugar loading from piers 2 & 3 of that terminal. The fire started on site on Thursday evening and was put out by Friday morning.

U.S. manufacturing output has flat-lined, dampening diesel use: Kemp

Posted to Maritime Reporter on June 21, 2024

The U.S. manufacturing sector has barely grown since the outbreak, explaining why the diesel consumption has not recovered as expected at the beginning of the year. According to estimates by the Federal Reserve, production increased faster than expected by 0.9% in may after seasonal adjustments.

Brazil joins SailGP thanks to Abu Dhabi fund

Posted to Maritime Reporter on June 21, 2024

Brazil is the first South American to join the SailGP league, which was founded by Oracle cofounder Larry Ellison along with veteran sailor Russell Coutts. The fund will be backed by the Abu Dhabi sovereign wealth fund. The organizers announced…

South Korea's MFG purchased about 132,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on June 21, 2024

Major Feedmill Group of South Korea (MFG) bought an estimated 132,000 tons of animal feed in a private transaction on Friday, without issuing a tender to the international market. All of the products were expected to come from South America.

Gazprom increases oil trading activity to counter its loss-making gas businesses

Posted to Maritime Reporter on June 21, 2024

Two sources familiar with Gazprom's trading have said that the Russian gas giant has increased its oil activity to offset the weaker natural gas business over the last year. Due to the deep rift that exists between Russia and Western countries over the Ukraine conflict…

EnBW and TotalEnergies win $3.2 billion offshore site auction

Posted to Maritime Reporter on June 21, 2024

The German network regulator announced on Friday that TotalEnergies, a major oil company, and EnBW, a utility firm won the auction for a 2.5 gigawatt offshore wind site in Germany. This project sold for 3.02 billion euro ($3.22 billion). Klaus Mueller…

Data shows that a rare LNG vessel is sailing through the Red Sea amid Houthi attacks

Posted to Maritime Reporter on June 21, 2024

Just days after Houthi militants in Yemen sank the second vessel of their attacks that began last November, the first LNG tanker has been sailing through Red Sea since January. Shiptracking data provided by LSEG and Kpler revealed that Asya…

Taiwan purchases 104,150 t of wheat from the U.S.

Posted to Maritime Reporter on June 21, 2024

In a Friday tender, the Taiwan Flour Millers' Association bought an estimated 104.150 metric tonnes of milling grain to be sourced in the United States, European traders reported. Two consignments of various types of wheat were purchased for shipment to the U.S. Pacific Northwest Coast.

Data shows that a rare LNG vessel is sailing through the Red Sea amid Houthi attacks

Posted to Maritime Reporter on June 21, 2024

Shipping data shows that a liquefied gas vessel crossed the Bab al-Mandab Strait and is now sailing through the Red Sea. This is a rare event for LNG shipments after attacks by the Yemeni Houthis against ships in the region. Ship tracking data…

South Korea's FLC purchases about 66,000 T of corn, traders claim

Posted to Maritime Reporter on June 21, 2024

In a Wednesday deal, the Feed Leaders Committee of South Korea (FLC), a group that represents feed producers in South Korea, purchased approximately 66,000 metric tonnes of corn from South America and South Africa. They said that the corn was bought at a cost of $242.99 per ton, including freight.

Ministry of Agriculture: Ukraine harvests 48,300 tonnes of grain for 2024

Posted to Maritime Reporter on June 21, 2024

The Agriculture Ministry announced on Friday that farmers in six Ukrainian regions, including the central and southern regions, have begun the grain harvest for 2024 by threshing 48,300 metric tonnes. Due to the hot weather, the harvest began two weeks earlier than normal.

Arcelor Nippon, a steelmaker in Japan, says India's plan to curb raw materials ignores the Red Sea Crisis

Posted to Maritime Reporter on June 21, 2024

A letter revealed that ArcelorMittal India's joint venture warned New Delhi trade officials privately about the dangers of curbing imports of an important raw material used in steelmaking. The curbs proposed by the second largest producer of crude iron and steel in the world could affect output.

Taiwan bids on 104,150 t of wheat estimated to be US origin

Posted to Maritime Reporter on June 21, 2024

European traders reported on Friday that the Taiwan Flour Millers' Association had issued an international tender for an estimated 104.150 metric tons grade 1 milling grain to be purchased from the United States. Also, the deadline for submitting price offers is Friday, 21st June.

China reduces coal production to focus on structural Reform: Kemp

Posted to Maritime Reporter on June 21, 2024

China's coal output has slightly slowed after rapid growth over the past two years. The energy supply situation is now more stable, which allows the government to concentrate on structural changes that will last a long time. According to the National Bureau of Statistics…

Paralympics: Former Humboldt Bronco Waterman is named to Canada's Rowing Team

Posted to Maritime Reporter on June 20, 2024

Jacob Wasserman didn't let a bus accident that left him paralyzed stop his dream of competing in a major sport event. His resilience paid off, as he was selected on Thursday for Canada's 2024 Paralympic rowing team. Wassermann will be making…

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