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Wednesday, August 14, 2024

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Asia spot rates hold at near 6-month top as heatwave persists

Posted to Maritime Reporter on May 31, 2024

focus on supplies for the summer season. ( mmBtu), market sources estimated. given that mid-December. India however this is likewise a price-sensitive market. Masanori Odaka, senior expert at Rystad Energy. worldwide prices are limited. temperature at 52.9 degrees Celsius (127.22 ° F) this week.

Cambodia to begin on controversial Techo Funan canal this August

Posted to Maritime Reporter on May 31, 2024

explaining the advancement as a historic project. might be used by Chinese warships. claims as baseless. in the country's interest. attack on Vietnam, he stated. the Cambodian people. watering for farming. job would continue regardless. We must do it now, we do not wait any longer, he stated.

Cleaner shipping fuel is adding to ocean warming, scientists say

Posted to Maritime Reporter on May 31, 2024

by decreasing cloud cover, according to a modelling research study in a. paper published late on Thursday. International Maritime Company (IMO) guidelines to take on. marine pollution required carriers to cut their fuel sulphur. content to 0.5% from 3.5%, causing an 80% decrease in SO2.

Australian fast food chain Guzman y Gomez seeks to raise $161 mln in June IPO

Posted to Maritime Reporter on May 31, 2024

Guzman y Gomez (GYG) is aiming to raise A$ 242.5 million ($ 160.75. million) in a June initial public offering, according to a. business declaration on Friday, in a deal that would be the. country's biggest new share sale in a year. GYG is wanting to offer 11.1 million shares at A$ 22 each.

Indonesia to issue copper export permits for Freeport, Amman, authorities states

Posted to Maritime Reporter on May 31, 2024

disrupted. Friday. without revealing more information. Dec. 31. to complete the building and construction of their smelters. capability by next month. provide information. for remark. for its new export permit.

Singapore Tuas Port to add 3 more berths to ease vessel wait time

Posted to Maritime Reporter on May 31, 2024

Port Authority (MPA). at Singapore this year, MPA said in a declaration late Thursday. container vessel arrivals. ( TEUs), logging an 8.8% climb versus the exact same duration last year. berth, said MPA. are not affected, MPA included. industry sources informed Reuters earlier this year.

ARA gasoline stocks increase by 10% - Insights Global

Posted to Maritime Reporter on May 30, 2024

Gas stocks held in independent storage in the AmsterdamRotterdamAntwerp

Russia's Tuapse oil refinery remains idle after May 17 drone attack, sources say

Posted to Maritime Reporter on May 30, 2024

profitability, 4 industry sources informed Reuters on Thursday. of refined fuels compared to crude. It's not successful to refine oil. ship items. crude, among the sources stated. Rosneft did not right away reply to a request for remark. refining has not been resumed.

Baltic index hits one-week high up on strong capesize rates

Posted to Maritime Reporter on May 30, 2024

peak due to rising rates in capesize vessel sector. points, or 0.61%, to 1,801. 2,750. coal, to name a few, increased $630 to $22,808. crude steel output in 2024. its lowest level because April 12. dipped $392 to $15,466. for the twelfth successive session, alleviating 7 points, or 0.54%,.

Taiwan purchases approximated 96,850 T wheat of U.S.-origin

Posted to Maritime Reporter on May 30, 2024

Thursday, European traders stated. The purchase was made in two consignments. between July 20 and Aug. 3 and included 31,375 tons of U.S. at an estimated $319.30 a ton free on board (fob), they stated. It also included 11,000 tons of hard red winter season wheat of a.

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.

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.

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.

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