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Tuesday, July 16, 2024

Maritime Blogs

International wheat buyers wrong-footed by sharp rally in rates

Posted to Maritime Reporter on May 30, 2024

Europe all of a sudden sent out prices surging 30% given that April. consumers, analysts and traders said. Russia's invasion of Ukraine. brokerage IKON Commodities. Millers and even traders haven't. covered much from exporters. The supply pipeline is sort of. empty if you look beyond June.

Singapore fuel oil stockpiles rebound after recent sharp draw

Posted to Maritime Reporter on May 30, 2024

Onshore fuel oil stockpiles at essential storage hub Singapore rebounded this week after dropping to a 51/2year low last week, information revealed on Thursday. The stocks climbed 7.7% to 16.99 million

As Europe struggles to cut debt, Sweden eyes more spending

Posted to Maritime Reporter on May 30, 2024

ahead. stringent budget plan rules - credited with saving Sweden after a. domestic monetary crisis in the early 1990s - can be loosened up. Back then, the federal government slashed costs by around 8% of. GDP and increased taxes after a property bubble burst. The.

Bunge, Zen-Noh Grain to purchase stake in Brazil port terminal for $115 million

Posted to Maritime Reporter on May 29, 2024

U.S. from Rumo for 600 million reais ($ 115.3 million), according to a. securities filing on Wednesday. Brazilian rail operator Rumo said in the filing. that it had tied up the binding agreement to offer its 50% stake. in the XXXIX terminal, at the sprawling Santos port, which is.

Urals differentials constant, CPC expects lower exports in 2024

Posted to Maritime Reporter on May 29, 2024

year. Sea terminal, anticipates its oil exports to fall 7% short of a. initial target owing to lower loadings from an essential field,. Tengiz, it said on Wednesday. * CPC Mix oil exports are prepared at 5.3 million metric. loads for. June.

Deutsche Bahn Schenker takes CVC, Maersk, DSV and Bahri into last round, sources say

Posted to Maritime Reporter on May 29, 2024

Reuters. divulging names. in July, two of the sources said. DSV, CVC, ADIA, GIC and Maersk declined to comment. available for remark. process, a spokesperson for Deutsche Bahn said. chance to make binding offers for DB Schenker as part of a. comprehensive assessment.

Yemen's Houthis launch attacks at six ships in three seas

Posted to Maritime Reporter on May 29, 2024

the Iranbacked group said on Wednesday. The Laax was assaulted on Tuesday. stated in a telecasted speech. sail to its destination and the team were safe, the ship's. security business, LSS-SAPU, informed Reuters on Wednesday. The vessel has sustained damage, she is not taking water,.

Dry bulk ship Laax hit by 5 missiles fired from Yemen, ship's security company states

Posted to Maritime Reporter on May 29, 2024

Wednesday. assaulted on Tuesday off the Yemeni port city of Hodeidah. 6 ships including the Laax. representative said. Everybody (is) onboard. the team from the Rubymar ship which sank after being hit by a. Houthi missile previously this year, said the Laax had 23 team.

Argentina federal government unclogs key Petrobras gas shipment amidst supply cuts

Posted to Maritime Reporter on May 29, 2024

gas delivery, which it added should stabilize local supply. lacks of compressed gas (CNG) at filling stations. suggested to begin discharging today. the dumping of the LNG at the Escobar terminal, it stated. being cut to protect hospitals, schools, homes and businesses.

As Europe struggles to cut debt, Sweden eyes more costs

Posted to Maritime Reporter on May 29, 2024

ahead. rigorous spending plan rules - credited with saving Sweden after a. domestic monetary crisis in the early 1990s - can be loosened. At that time, the government slashed spending by around 8% of. GDP and increased taxes after a real estate bubble burst. The.

Chinese-Singaporean consortium to construct port in Georgia, government says

Posted to Maritime Reporter on May 29, 2024

Wednesday cited Economy Minister Levan Davitashvili as stating. the local news website Civil.ge pointed out Davitashvili as saying. own 51% of shares, while the consortium will own the rest. Georgia has said it plans to start building and construction operate in June.

Baltic index gains on company capesize rates

Posted to Maritime Reporter on May 29, 2024

vessels rose. points, or 0.34%, to 1,790. 2,674, its greatest level given that May 21. coal, among others, increased $545 to $22,178. eclipsed home stimulus steps in China. its lowest level because April 16. dipped $355 to $15,858. points, or 1.22%…

South Korea, UAE accept slash import tasks, reinforce ties

Posted to Maritime Reporter on May 29, 2024

financial investment ties. the workplace of President Yoon Suk Yeol stated in a declaration. tap the financial investment capacity of the energy-rich Gulf state. from nuclear power and defence to hydrogen and solar power. six LNG carriers valued at about $1.5 billion, it said. Korea said.

Olympics-French connection boosts Australian Fox for more canoe slalom splendor

Posted to Maritime Reporter on May 29, 2024

Born in Marseilles to an Olympic medalwinning French mom, Australian canoeing terrific Jessica Fox will savour a special Games in Paris when she paddles for more glory in the slalom occasions. Fox will bid for back-to-back gold medals in the females's canoe singles (C-1) at her fourth Games…

PetroChina loads first crude from UAE's Belbazem field for Singapore refinery

Posted to Maritime Reporter on May 29, 2024

Company (ADNOC). March and the cargo, packed on May 26 on vessel Captain X. WeChat account late on Tuesday. The Belbazem offshore block, located 120 kms (75 miles). northwest of Abu Dhabi city, is run by Al Yasat Petroleum,. a joint endeavor between ADNOC and China National Petroleum.

Growing armada shipping approved oil burns dirty fuel in an obstacle for clean-up efforts

Posted to Maritime Reporter on May 29, 2024

according to delivering information and sources. emissions and other toxins and satisfy more comprehensive green targets. cleaner shipping requirements. with maritime information group Lloyd's List Intelligence. The dark fleet has gone on steroids. more complex and advanced. Bockmann said.

EU anti-piracy force frees ship from suspected pirates off Somalia

Posted to Maritime Reporter on May 28, 2024

The European Union's. antipiracy force in the Indian Ocean and Red Sea stated on Friday. the Liberianflagged merchant vessel Basilisk had been released. from believed pirates off the coast of Somalia and its 17 crew. members were safe. The ship was attacked by suspected pirates on Thursday.

Russian wheat export prices increase as crop forecasts cut

Posted to Maritime Reporter on May 28, 2024

Russian wheat export rates continue to increase as forecasters cut their harvest approximates due to bad weather and the slow rate of sowing, which slid to a. sixyear low. The price of 12.5% protein Russian wheat scheduled for.

Estonia says China has actually not reacted to subsea cable televisions probe request

Posted to Maritime Reporter on May 28, 2024

cut two of its subsea telecoms cable televisions. bells in the larger area. Bear as the prime suspect. prosecutor Triinu Olev said in a composed statement on Tuesday. the damage was caused deliberately or by accident. evidence from the vessel and its team, she included.

Greece finds 109 kilos of drug in container with frozen squid, cops sources say

Posted to Maritime Reporter on May 28, 2024

Piraeus, authorities sources said on Tuesday. Croatia, one of the officials said. the world's No. 1 drug market. cooperation with the U.S. Drug Enforcement Administration. Lots of plastic bags containing more than 210 kg (460. pounds) of cocaine were found and confiscated in containers with.