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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.

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.

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