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Wednesday, August 14, 2024

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Crude oil tanker market facing aging fleet, says Trafigura

Posted to Maritime Reporter on June 4, 2024

trader Trafigura said on Tuesday. attacks by the Houthis, which has actually tightened up schedule. fleet. Trafigura, told Reuters. week in Athens. their first newbuild orders for VLCCs. ammonia prepared, the source included. developing container ships and LNG tankers due to sector booms. 400 VLCCs.

Houthi Red Sea attacks decline in recently as navies act, Greece states

Posted to Maritime Reporter on June 4, 2024

interview on Tuesday. Aspides and in Greek ways Shields. see a noteworthy reduction in the number and strength of attacks. sidelines of the Posidonia shipping week in Athens. decisiveness can stop this. November and have broadened attacks to other hectic waterways.

Approved tankers present rising environmental threat in Mediterranean, Greece says

Posted to Maritime Reporter on June 4, 2024

informed Reuters on Tuesday. its oil exports. have little incentive to follow cleaner shipping standards. sidelines of the Posidonia shipping week in Athens. worldwide oil trade, he said. in a report last month. Stylianides stated. We can not accept this situation so near our coast.

Baltic index inches up on capesize gains

Posted to Maritime Reporter on June 4, 2024

segment got. points, or 0.28%, to 1,813. 2,839, its greatest level given that May 14. coal, among others, increased $188 to $23,545. inventories. * The panamax index fell 2 points, or about 0.12%,. to 1,679. * Typical everyday incomes for panamax vessels, which.

European shares slip as energy shares weigh

Posted to Maritime Reporter on June 4, 2024

Bank's rate of interest decision later on today. GMT, snapping a three-day winning streak. weakening U.S. need. fell 2.7% after scores firm S&P Global modified the company's. credit outlook lower. A risk-off mood likewise embeded in as market participants waited for.

Olympics-Shotgun shooters refill to spearhead Kuwaiti difficulty in Paris

Posted to Maritime Reporter on June 4, 2024

The most powerful Kuwaiti in the history of sport may be serving a 15year Olympic ban but the Gulf country still wishes to make its mark at the Paris Games with shotguns, sabres and a singlehanded dinghy. Sheikh Ahmad al-Fahad al-Sabah, the…

River Rhine in south Germany still near shipping after rain

Posted to Maritime Reporter on June 4, 2024

authorities stated. said. Germany, stopping sailings to Switzerland. Switzerland. crucial points of Duisburg, Cologne and Karlsruhe. delivering till Friday. such as heating oil. because of unusually dry summers in the last few years.

Maersk raises 2024 assistance on strong demand, Red Sea disruptions

Posted to Maritime Reporter on June 3, 2024

strong container market demand and the crisis in the Red Sea. interest, tax, depreciation and amortisation in the variety of $7. billion to $9 billion, up from its previous projection of $4. billion to $6 billion. The business, deemed a barometer of world trade, said.

Russian wheat export rates rise again, but demand softens

Posted to Maritime Reporter on June 3, 2024

Russian wheat export rates increased again recently as harvest expectations continued to degrade, experts stated, while also keeping in mind high volatility and minimized need. The price of 12.5% protein Russian wheat arranged for

Venezuela's May oil exports increase 30% throughout United States wind-down period

Posted to Maritime Reporter on June 3, 2024

take freights ahead of the resumption of U.S. South American country. The U.S. consisting of crude and fuel sales. permissions to energy companies working with Venezuela. financial firm LSEG. April, and 7% above the same month a year previously. information revealed. for Asia.

Baltic index snaps 3-session winning streak on lower rates

Posted to Maritime Reporter on June 3, 2024

winning streak due to lower rates throughout the vessels. points, or 0.39%, to 1,808. 2,816. coal, to name a few, reduced $32 to $23,357. consumer China broadly weighed on sentiment. its lowest level since April 11. dipped $110 to $15,130. points, or 0.47%, to 1,272.

Germany counts flooding losses as heavy rains stoke environment argument

Posted to Maritime Reporter on June 3, 2024

said the state had actually fallen behind its greenhouse gas targets. leave their homes due to heavy rains. reported. were being released. climate modification. from this catastrophe, he stated. was triggering severe weather condition occasions. calling for brand-new procedures.

South Korea's KFA bought 50,000 to 65,000 T corn in private deal

Posted to Maritime Reporter on June 3, 2024

Monday, European traders said. house CHS at an approximated $246.40 a heap cost and freight (c&& f). consisted of for arrival in South Korea around Sept. 20, traders. stated. The offer was set at 50,000 to 65,000 loads and seller has. to declare the volume to be supplied by June 30, traders stated.

India's Adani Group rallies on infrastructure bets as Modi seen keeping power

Posted to Maritime Reporter on June 3, 2024

Narendra Modi's government. the Modi federal government's focus on facilities development. hit all-time highs. 2023. term, the growth in facilities will be a big focus. Senior VP (Research), Mehta Equities. connection. chosen for a second term.

Sinopec Fuel Oil designates new trade director in Singapore to boost bunker sales

Posted to Maritime Reporter on June 3, 2024

world's biggest bunkering hub. trading. having operated at BP and ExxonMobil Asia Pacific formerly. the company said. sell other relevant items, the company said. The company trades fuel oil and other products with a. combined trading volume surpassing 13 million metric heaps in.

Urals diffs constant, Saudi welcomes OPEC+ ministers to Riyadh

Posted to Maritime Reporter on May 31, 2024

policy meeting. group informed Reuters on Friday. on Friday. tentatively back up as early as Saturday. Kaztransoil told Reuters by email on Friday. crude in the Platts window on Friday. June 2024.

Red Sea diversions, tariff threats send ocean shipping skyrocketing

Posted to Maritime Reporter on May 31, 2024

its busy season. expert at pricing platform Xeneta. that has actually taken the marketplace by surprise, he stated. On Friday, the spot rate to send out a 40-foot (12. meter) container from China to North Europe was $4,615, nearly. 3.5 times higher than on May 1…

Ukraine rockets hit oil terminal at Kavkaz port in Russia's Krasnodar area, Kyiv states

Posted to Maritime Reporter on May 31, 2024

Krasnodar region on Friday, the Ukrainian military stated. facilities that are vital to funding the economy and the war. told Reuters. performed with Ukrainian-made Neptune rockets. the statement said. Telegram messaging app. Krasnodar. hurting two people, according to regional Russian authorities.

Baltic index logs month-to-month increase on strong capesize demand

Posted to Maritime Reporter on May 31, 2024

by increasing need for the capesize vessel section. points, or 0.8%, to 1,815 points. week on a favorable note. 2,820. gain of 34.3%. and coal, increased by $581 to $23,389. customer China weighed on belief. 1.5% to 1,693 points. consecutive week, marking a regular monthly decrease of 8.2%.

Abu Dhabi index leaps ahead of OPEC+ meeting

Posted to Maritime Reporter on May 31, 2024

leading gains ahead of an OPEC+ fulfilling 2 days later. with OPEC+ conversations said on Thursday. Abu Dhabi's benchmark index advanced 1.3%,. rebounding to a 2nd session after hitting a 28month low on. May 29, improved by a 1.9% surge in UAE's biggest listed firm.