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Singapore Port Authority and Ship Owner to Transfer Naphtha Cargo from Fire-hit Tanker

Posted to Maritime Reporter on July 24, 2024

The MPA announced on Wednesday that Hafnia Oil Tanker owner Hafnia is in discussions with Singapore's Maritime and Port Authority about transferring damaged naphtha cargo to a secure location. On July 19, the tankers Hafnia Nile, flying the Singapore flag…

DSV Freight expects earnings to increase from Red Sea disruption

Posted to Maritime Reporter on July 24, 2024

DSV, a Danish shipping company, said that it expected disruptions in the Red Sea to have a positive effect on its earnings during the second half. Third-largest global freight forwarder, a company that operates in sea, air and roads divisions…

UN representative to Yemen says the threat of Houthi to Red Sea shipping has grown.

Posted to Maritime Reporter on July 23, 2024

Hans Grundberg, the U.N.'s Special Envoy for Yemen, told the U.N. Security Council that recent developments in the Red Sea suggest the threat of international shipping by Yemen's Houthis has grown. Grundberg, in a briefing about the situation…

Port of Corpus Christi reports 1.7% growth in volume for Q2 2024

Posted to Maritime Reporter on July 23, 2024

In the second quarter 2024, the Port of Corpus Christi in Texas moved 50.1 millions tons of goods along the Corpus Christi Ship Channel, an increase of 1.7% compared to the same period of last year. Corpus Christi has oil refineries, shipping ports and is a major crude oil exporting location.

Leonardo's fighter jet program survives UK defence review

Posted to Maritime Reporter on July 23, 2024

According to a Leonardo executive, a British review of defence policy will not affect a multi-billion dollar fighter jet project being developed by Italy and Japan, as well as the United Kingdom. The Global Combat Air Programme (GCAP) is being developed by BAE Systems in Britain…

Citi leads to LME warehouses in lucrative rental deals

Posted to Maritime Reporter on July 23, 2024

Three sources with knowledge of the matter confirmed that Citi delivered large quantities of lead to London Metal Exchange approved warehouses in Singapore for lucrative financial deals on Monday. The total LME stock of battery metal has now reached its highest level since early May.

Traders say that Jordan is believed to have passed on 120,000 T of wheat.

Posted to Maritime Reporter on July 23, 2024

European traders claim that Jordan's state grain purchaser is not believed to have purchased any milling wheat in the international tender for 120,000 metric tonnes of milling which ended on Tuesday. The prices were considered too high. In the coming days…

LME warehouses receive large quantities of lead in lucrative rental deals

Posted to Maritime Reporter on July 23, 2024

On Monday, large quantities of lead were delivered for financial deals to London Metal Exchange approved warehouses in Singapore. Total stocks of the battery material have reached their highest level since early May. According to industry sources…

Jordanian traders report that 6 people participated in the 120,000-metric-ton wheat tender.

Posted to Maritime Reporter on July 23, 2024

Initial assessments indicate that six trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer for 120,000 metric tonnes of wheat. They said that Cargill, CHS Viterra, Ameropa, and The Andersons were thought to be participants.

One person killed after a Ukrainian drone strikes a ferry in russian port, according to regional governor

Posted to Maritime Reporter on July 23, 2024

Veniamin Kodratyev, the regional governor of the southern Krasnodar Region in Russia, said that a Ukrainian drone attacked a ferry in Port Kavkaz and killed a person. The RIA news agency, citing a source from emergency services, reported that…

IRGC: Iran's Revolutionary Guards have intercepted a tanker managed by the UAE

Posted to Maritime Reporter on July 23, 2024

The IRGC, along with British security firm Ambrey, announced on Monday that the IRGC had intercepted a tanker flying the flag of Togo, but managed by UAE, carrying 1,500 tonnes of marine gas oil. Ambrey reported that the vessel was carrying…

Freeport LNG resumes exports in Texas as gas processing ramps-up

Posted to Maritime Reporter on July 23, 2024

Freeport LNG, the second-largest liquefied gas exporter in the United States, has resumed shipments following a shutdown of operations due to Hurricane Beryl. The processing is on track to reach half its capacity by Monday, according preliminary LSEG figures.

Lukoil increases its July loading plan by 140,000 t of oil

Posted to Maritime Reporter on July 23, 2024

Market sources reported that Lukoil - Russia's largest oil company - has increased its crude oil loading for July by about 140,000 tons after Ukraine stopped oil transit from Europe via the Druzhba pipe. Lukoil will load the Suzemax ship Arus at Novorossiisk, Russia, on July 23-24.

Starmer: UK warplane capabilities important during defence review

Posted to Maritime Reporter on July 23, 2024

Keir starmer, the British Prime Minister, stressed on Monday that Britain's fighter-jet capability is important. However, he did not guarantee that a review of defence policy would not affect its next generation air combat programme with Japan or Italy.

Freeport LNG resumes exports in Texas as gas processing ramps-up

Posted to Maritime Reporter on July 23, 2024

According to preliminary LSEG information, the U.S.’s second largest liquefied gas exporter, Freeport LNG, has resumed shipments following a shutdown of operations in advance of Hurricane Beryl. The processing is on track to reach half its capacity by Monday.

BAE: UK, Japan and Italy's GCAP Project heading to next phase "at pace"

Posted to Maritime Reporter on July 23, 2024

BAE Systems' managing director stated that the Global Combat Air Programme, a joint venture between Britain and Japan to develop a new fighter aircraft, will be launched in 2025. Keir starmer, British Prime Minister Keir said earlier in the…

Ukraine grain exports through Romania's Constanta Port drop by 43.5% in the first half

Posted to Maritime Reporter on July 23, 2024

The port authority reported that Ukraine's grain exported through the Romanian Black Sea Port of Constanta in the first six months fell by 43.5% compared to the same period last year to 4,24 million metric tonnes, because Kyiv was able to rely solely on its ports this year.

Traders say that Indonesia has bid to purchase 320,000 metric tonnes of rice

Posted to Maritime Reporter on July 23, 2024

European traders reported on Monday that the Indonesian state purchasing agency Bulog had issued an international bid to purchase about 320,000 tons of rice. The deadline to submit price offers for the tender is 31 July. Bulog will begin price negotiations that could last for several days…

Cepsa reports that Hafnia Nile tanker involved in the fire was carrying naphtha imported from Spain.

Posted to Maritime Reporter on July 23, 2024

According to the Spanish oil company Cepsa, the oil tanker Hafnia Nile was loaded with naphtha from the energy park of the company in Huelva. Cepsa received a report from Hafnia, the shipowner of the vessel involved in the collision near the island Pedra Branca on the South China Sea.

Israeli Defence Minister: Yemeni strike is a message

Posted to Maritime Reporter on July 23, 2024

On Saturday, Defence Minister Yoav Galant stated that Israel had struck the Houthis after they injured an Israeli. Gallant stated in a press release that "the fire currently burning in Hodeidah is visible across the Middle East, and its significance…

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