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December 26, 2024
Abdel Fattah al-Sisi, Egyptian president, said that the Red Sea events and regional challenges will cost Egypt $7 billion in revenue from the Suez Canal by 2024. Sisi, in a statement without giving any details, said that Egypt lost 60% of its canal revenues between 2024 and 2023.
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December 26, 2024
According to LSEG, a sanctioned LNG-tanker named "Mulan", that approached Novatek’s SAAM FSU floating store facility in Murmansk in December 21, is now sailing around Northern Europe on its way towards Port Said, Egypt. The vessel should arrive at its destination by January 6, 2025.
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December 25, 2024
The owner of the Russian cargo vessel Ursa Major, which sank into the Mediterranean Sea on Wednesday, said that the ship was a victim of an "act of terrorism". This statement came from the state news agency RIA. Two of the 16 crew members were reported missing after an explosion in the engine room.
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December 24, 2024
Initial assessments by European traders indicate that Algeria's state grain agency OAIC bought milling wheat at an international auction which ended on Tuesday. They reported that the cost of a metric tonne, including freight and cost (c&f), was between $257 and $258.
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December 23, 2024
Mosaic Fertilizer said that its sales of phosphates and potash fell in the first two quarters of the fourth year compared to the previous one. The company reported that the phosphate sales volume for October and November fell 7.2%, to 946 000 tonnes…
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December 23, 2024
( VGO) exports in November, according to traders and LSEG information. according to Reuters computations based upon LSEG data. products. million loads. million loads. according to market sources. refining feedstock swimming pool as more affordable alternative to Urals crude. also in China. Canal.
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December 20, 2024
The Israeli military claimed that it did not intercept a Yemeni missile which fell early Saturday morning in the Tel Aviv/Jaffa region. According to the ambulance service, 14 people suffered mild injuries. The ambulance service reported that…
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December 20, 2024
Sources and LSEG shipping information showed that a second shipment of 54,000 metric tonnes of Russian wheat, out of the 430,000 Egypt purchased in September, left the port at Novorossiysk last Friday. The Russian agricultural watchdog confirmed…
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December 18, 2024
European traders claim that Algeria's state grain agency OAIC purchased durum wheat at an international auction on Wednesday. Uncertainty surrounded the volume of goods purchased. Initial estimates by traders put the volume of purchase between 350…
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December 17, 2024
On Tuesday, traders reported that Bangladesh's state grain buyer had issued an international tender for the purchase of 50,000 metric tonnes of rice. The deadline to submit price offers is January 1. According to the Agriculture Ministry, floods…
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December 17, 2024
Initial assessments indicate that seven trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer for 120,000 metric tonnes of wheat. Participants are believed to include CHS, Cargill Viterra, Ameropa Cereal Crops, and Buildcom.
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December 17, 2024
The Iranian judiciary’s Mizan News Agency reported on Tuesday that Iran will auction off two seized oil tanks involved in oil smuggling. Mizan quoted a judiciary official saying that "Two oil tanks Sagha 2... and Ariana... would be sold at the auction".
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December 16, 2024
Denys Schmyhal, Ukrainian Prime Minister, said that a deal to allow the transit of Russian Gas through Ukraine would not be extended past the end of this year as certain European countries intensified their search for supplies. Shmyhal wrote…
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December 16, 2024
Denys Schmyhal, Ukrainian Prime Minister, said Monday that a deal to allow the transit of Russian Gas through his country will not be extended past the end of this year. Shmyhal wrote on Telegram after speaking with Slovak Prime Minster Robert…
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December 16, 2024
Analysts report that the Northwest European imports for residual fuel oil in November were at their highest level in three years. This was due to a rush to replenish the scarce supply of high sulphur fuel oils (HSFO). The Amsterdam-Rotterdam-Antwerp (ARA) area…
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December 16, 2024
In a Monday statement, the EU Commission announced that it had adopted a fifteenth package of sanctions for Russia's invasion of Ukraine. This included tougher measures towards Chinese entities, and more vessels of Moscow's shadow fleet. The total number of vessels listed has increased by 52…
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December 16, 2024
In a Monday statement, the EU Commission announced that it had adopted a fifteenth package of sanctions for Russia's invasion of Ukraine. This included tougher measures towards Chinese entities, and an increase in vessels from Moscow’s shadow fleet.
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December 11, 2024
Diplomats reported that the European Union ambassadors had agreed on a 15th set of sanctions against Russia for its war in Ukraine. The package targets its shadow tanker fleet as well as Chinese companies making drones to be used by Moscow.
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December 11, 2024
A group of animal feed importers in Thailand purchased approximately 63,000 metric tonnes of animal feed wheat during a Wednesday closing tender that sought up to 120,000 metric tons, European traders reported. The price was estimated to be…
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December 10, 2024
Brazilian and Italian authorities announced that they had launched two joint operations Tuesday to dismantle a transnational conspiracy to transport cocaine using cargo ships or planes from South America to Europe. In Brazil, 18 arrest warrants…
