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Wednesday, August 14, 2024

Maritime Blogs

India's use of crude tankers to export diesel slows in May

Posted to Maritime Reporter on May 25, 2024

volumes of the commercial fuel West.While more April shipments from India to Europe offered a. floor for Asian margins, less such voyages in May will likely. oblige Indian refiners to shift diesel sales back to Asia,. intensifying a supply excess in the region, analysts and traders.

EU anti-piracy force flags possible attack off Somali coast

Posted to Maritime Reporter on May 25, 2024

off the coast of Somalia. African nation's long shoreline in between 2008 and 2018. capital Mogadishu while the vessel was heading north. initially star to react. appropriate actions to react, it added. 420 nautical miles southeast of Merca, Somalia. UKMTO.

Egyptians stay in detention after Greek court acquittal over shipwreck

Posted to Maritime Reporter on May 25, 2024

despite a court ruling dismissing a case versus them over a. 2023 shipwreck, one of the deadliest in the Mediterranean. The disaster stunned Europe and the case has actually been followed. carefully in Greece, which has been a gateway to the European. Union for countless migrants and refugees.

Small Supply issues drive European manganese rates to near 1-year high

Posted to Maritime Reporter on May 25, 2024

Australian supplier. according to Reuters reporting. A cyclone in March shut operations at South32's. Groote Eylandt Mining Co (GEMCO) system in the Gulf of. Carpentaria, Australia. In April, South32 said it would take about a year to reboot. exports at the center.

ARA gasoil stocks decrease by 2% - Insights Global

Posted to Maritime Reporter on May 25, 2024

Gasoil stocks held in independent storage in the AmsterdamRotterdamAntwerp

Designer seeks permit to send out United States gas to Mexico for LNG exports

Posted to Maritime Reporter on May 24, 2024

A Mexican energy designer is seeking U.S. consent to export gas to Mexico, turn it into melted natural gas (LNG) and send it to countries with U.S. freetrade contracts, its filing with the U.S. 2022, it stated in the May 10 filing. transform U.S. are planned in Mexico, primarily to process U.S.

Russia's Urals unrefined rates inch up in Indian ports for June-loading barrels

Posted to Maritime Reporter on May 24, 2024

pledged by Russia, two traders said. ports, traders stated. loading dates, among the traders said. runs. there is less oil offered for exports. lower exports.

Proman Stena Bulk refuels ship with methanol for very first time in Singapore

Posted to Maritime Reporter on May 24, 2024

metric tons of methanol in Singapore on Friday, the business's. initially such operation there. The operation paves the way for more cleaner-burning fuels. to be supplied to ships in Singapore, the world's biggest. bunkering port. Shipping creates 3% of global greenhouse gas. emissions.

Yemen's Houthis state they introduce attacks on 3 ships consisting of one in Mediterranean

Posted to Maritime Reporter on May 24, 2024

Sarea said on Friday. is solidarity with Palestinians battling Israel in the Gaza war. Mediterranean Sea and MSC Alexandra in the Arabian Sea. avoids entry into occupied Palestinian ports, Sarea included. He did not clarify when the attacks happened. The U.S.

Italy's Fincantieri establishes Saudi shipbuilding system

Posted to Maritime Reporter on May 24, 2024

its new unit Fincantieri Arabia, the group stated on Wednesday. an industrial conference. the Middle East in recent years. Saudi market and was well placed for development in the region. of its incomes. establishing strategic collaborations.

Baltic index logs weekly dip as capesize rates decrease this week

Posted to Maritime Reporter on May 24, 2024

bigger capesize section likewise succumbed to the week. point, or 0.06%, to 1,797 points. by 2.55%. * The capesize index inched up 29 points, or 1.12%,. to 2,613. The index signed up a weekly decline of over 2.31%. * Average everyday revenues for capesize vessels,.

Deutsche Bahn narrows list of bidders for Schenker to 4, sources state

Posted to Maritime Reporter on May 24, 2024

sources familiar with the matter told Reuters on Friday. billion euros ($ 16.26 billion), the sources said. included. financial obligation. the Middle East, one of the sources told Reuters. in a consortium with CVC, among the sources said. talk…

India's Adani Ports to change Wipro in Sensex after BSE rejig

Posted to Maritime Reporter on May 24, 2024

the index stated on Friday. Adani Group company to join the Sensex, efficient June 24. announcement. Nifty 50. Nuvama Option and Quantitative Research. corporation. 157.4%, respectively. companies to bounce back from the drop. fourth-quarter revenue, assisted by record freight volumes.

India's Adani Enterprises recovers to pre-Hindenburg levels

Posted to Maritime Reporter on May 24, 2024

in January 2023, before a report by U.S. Research study activated a selloff in billionaire Gautam Adani's. portstopower conglomerate. Shares of the Adani group's flagship company increased as much as. 2% to 3,453.7 rupees. The stock had closed at 3,442 rupees on. Jan.

Boeing sees free money burn in 2024 as deliveries remain sluggish

Posted to Maritime Reporter on May 24, 2024

the U.S. production of its strongestselling aircraft. generation in the low single-digit billions. to fall 7.6% to close at $172.21 on Thursday. by Boeing simply weeks earlier. Rankings. Airline companies jetliner while in mid-air. shipments to China were delayed in recent weeks due to a.

Baltic index sees minor drop as capesize remains constant

Posted to Maritime Reporter on May 24, 2024

offset decreases in smaller vessel rates. or 0.44%, to 1,796. * The capesize index was steady at 2,584. coal, among others, increased $3 to $21,432. expert Filipe Gouveia wrote in a note. * China's coal shipment outlook depends on its federal government's.

Greece takes apart gang trafficking drugs from Latin America to Europe

Posted to Maritime Reporter on May 24, 2024

on Thursday. Two Albanians and 2 Greeks were detained after a. months-long investigation released by Greek drugs and contraband. enforcement authorities in cooperation with the U.S. Drug. Enforcement Administration (DEA). Lots of plastic bags including more than 210 kg of.

Russian oil ship-to-ship operations fall in May as Greece extends naval advisory

Posted to Maritime Reporter on May 24, 2024

and traders' information revealed. longer journeys. ports and the Suez canal, which offers access to Asian markets. location. Most recently, Greece extended an advisory up to June 24. ministry authorities informed Reuters. that may be a reason behind the decline in STS activity.

Singapore fuel oil stockpiles plunge to least expensive in 5-1/2 years

Posted to Maritime Reporter on May 24, 2024

Singapore's onshore fuel oil stockpiles plunged to a 51/2 year low in the week ended May 22, regardless of a rebound in net imports, information revealed on Thursday. Stocks for fuel oil lost 17.46% weekly to log 15.778 million barrels

Ship off Yemen reports missile strike nearby, vessel and team safe, UKMTO states

Posted to Maritime Reporter on May 24, 2024

of Yemen reported a rocket striking the water nearby, Britain's. sea trade monitoring firm reported on Thursday, including that. all team and the vessel were safe and continuing to the next. port of call. The UK Maritime Trade Operations (UKMTO) agency.