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June 10, 2024
Hapag-Lloyd's Chief Executive Rolf Habben Jansen stated on Wednesday that the demand for container shipping across the oceans around the world has increased significantly in the last few weeks, but this upswing could be short-lived. At an online presentation…
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June 10, 2024
Brokers reported on Wednesday that Ukraine's waterborne food exports in May totaled 5.9 million metric tonnes, including 5.1 millions tons sent through its Black Sea port and 800,000 via the River Danube. Spike Brokers which tracks and publishes…
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June 10, 2024
European traders reported on Wednesday that Algeria's state grain agency OAIC purchased between 810,000 to 840,000 metric tonnes of milling wheat at an international auction on Tuesday. The estimate of 800,000 tonnes by traders on Tuesday night was lower.
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June 10, 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 optional origins. The deadline for submitting price offers to the tender is June 11th. Traders had anticipated a new announcement after Jordan failed to purchase 120…
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June 10, 2024
LME data revealed on Monday that the proportion of aluminium of Russian origin available in approved warehouses by the London Metal Exchange fell from 89% to 42% in may, from 89% in earlier months, and the percentage of Indian origin increased from 9% to 50%.
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June 10, 2024
The Baltic Exchange main sea freight index which tracks the rates of ships transporting dry bulk commodities was not changed much on Monday, as gains for panamax vessels offset weakness in the capesize segment. * The overall index which includes rates for Capesize…
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June 10, 2024
The port's deputy director, who spoke to Reuters, said that the port expects its nominal capacity of nine millions containers to be exceeded this year. Security problems in the Red Sea have had little effect on traffic growth. The port handled 8.61 million 20-foot equivalent unit (TEU) last year…
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June 10, 2024
U.S. Central Command said that Yemen's Houthi militia group has been launching missiles against international ocean shipping for the past 24 hours, and two commercial ships have been damaged in those attacks. CENTCOM reported that the Iran-backed…
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June 10, 2024
Ambrey, a British security company, said that on Sunday a general cargo ship flying the flag of Antigua and Barbuda was hit by a missile at 83 nautical mile southeast of Yemen’s Aden. The fire started before it could be contained. Earlier, United…
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June 7, 2024
Doctors Without Borders said that a charity rescue vessel recovered the bodies 11 migrants near the coast of Libya after having saved more than 160 people. MSF reported that its Geo Barents rescue and search vessel had picked up 146 migrants over two operations.
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June 7, 2024
Yemen's Houthis claimed on Friday that they had targeted two vessels with missiles and drones in the Red Sea, but no independent confirmation was available. Yahya Saree, the military spokesman for the Iran-aligned organization, said that the…
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June 7, 2024
The data from the Agriculture Ministry showed that by the 7th of June 2023, Ukraine's grain sales in the July-June 2023/24 marketing season were up to 47.7 millions metric tons. This was up from 46 million tons at the same time in 2023. Data showed that the total has reached 802…
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June 7, 2024
Major Feedmill Group, a South Korean company, purchased approximately 68,000 metric tonnes of animal feed corn on Thursday. European traders confirmed this on Friday. The expected origin was South America. Traders said that the amount of product supplied could vary depending on where it is sourced.
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June 7, 2024
Handelsblatt reported that Pierroberto Folgiero, the Chief Executive of Fincantieri, recently proposed a tie-up between Thyssenkrupp’s Defense Division, which is up for sale. Fincantieri was considered a possible partner by Thyssenkrupp for many years…
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June 7, 2024
The Agriculture Ministry reported on Wednesday that Ukraine's grain imports for the July-June 2023/24 marketing season reached 47.4 millions metric tons as of June 5, up from the 45.6 million tons exported at the same date in 2020. The data shows that this season's exports include 483…
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June 7, 2024
The Baltic Exchange's main index of sea freight rates, which tracks the rates for ships transporting dry bulk goods, has risen for the second consecutive week, as rates for larger vessel segments have increased. * The overall index which includes rates for capesizes…
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June 7, 2024
The Asian spot LNG prices were stable this week. They held near their six-month high due to the higher demand for gas as a power source in India and East Asia, and because of the expected temperatures above normal in China by mid-June. Industry…
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June 7, 2024
China's crude imports in May fell by 8.7% from the same month a year ago, according to official data released on Friday. Refiners reduced purchases due to heavy plant renovations, low profit margins and weak demand for refined products. Data…
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June 7, 2024
The quality inspection division of Russia's agricultural watchdog announced on Friday that wheat has begun to be shipped from Vysotsky Port, located on the Baltic Sea. The grain quality assessment center said that for the first ever, grain was shipped from Russian Baltic Sea port to Brazil.
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June 7, 2024
A group of financial service firms stated on Friday that more detailed information is needed about the oceans around the world, including deep sea fishing and supply chain sourcing, to help companies make investment decisions that will help protect biodiversity.
