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June 12, 2024
DFS Furniture, a British company, said it expects a lower profit for the year, due to a subdued upholstery market, delays in customer deliveries, and increased freight costs as resulting from Red Sea disruptions. The company that operates in…
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June 12, 2024
Data from the Agriculture Ministry showed that Ukraine's grain sales in the July-June 2023/24 marketing season were up to 48.4 millions metric tons on June 12 compared with 46.7 million tons at the same time in 2023. Total volume includes 1.45 million tonnes sent abroad since June's start.
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June 12, 2024
Navigation authorities reported that the Rhine river in southern Germany was reopened for cargo shipping Wednesday, after it had been closed Tuesday due to high water. The German agency for inland navigation said that the water level has dropped…
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June 12, 2024
The Danish company announced on Wednesday that the renewable energy group Orsted would install a Tesla Megapack storage system in connection with Britain's Hornsea 3 off-shore wind farm. As the production of renewable energies increases, energy…
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June 12, 2024
According to market and ship tracking data, Singapore, Asia's main oil hub, is set to receive this week the first cargo of low-sulfur straight-run fuel (LSSR) oil exported from Nigeria's newly built Dangote refinery. The newly-commissioned refinery…
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June 11, 2024
Last month, the London Metal Exchange (LME)'s aluminium stock saga took a surprising turn. In April, the focus was on Russian metal. The latest U.S. sanction package banned exchanges from accepting Russian aluminum produced after April 12, The…
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June 11, 2024
In the biggest wind tender to date, the Dutch government awarded permits for the development of offshore wind farms totaling 4 gigawatts off the coast of the Netherlands.They said that Vattenfall, a Swedish energy company, and Copenhagen Infrastructure Partners…
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June 11, 2024
The Energy Information Administration reported on Tuesday that the number of crude oil and oil product shipments using the longer route between Asia, Middle East, and the West has increased by 47% since the attacks on vessels taking the shorter Red Sea route began.
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June 11, 2024
The U.N. migration agency reported on Tuesday that at least 49 migrants were killed and 140 more missing when their boat capsized near the coast of Yemen. International Organization of Migration's (IOM) released a statement stating that the vessel was departing from Somalia…
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June 11, 2024
Last month, the London Metal Exchange (LME)'s aluminium stock saga took a surprising turn. In April, the focus was on Russian metal. The latest U.S. sanction package banned exchanges from accepting Russian aluminum produced after April 12, The…
Posted to Maritime Reporter
on
June 11, 2024
Exports of Paraguay’s soybean crop are gaining steam, according to shipment data provided by Reuters. Farmers are accelerating sales due to a stronger global market and higher prices. According to previously unreported figures, the landlocked…
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June 11, 2024
A spokesperson for Hapag-Lloyd told Reuters that the German shipping company does not expect the Suez Canal to be open again anytime soon, despite a recent ceasefire between Hamas & Israel. The world's fifth largest shipping company made the comments after Palestinian groups welcomed an U.N.
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June 11, 2024
After rains which have helped water levels recover, the Panama Canal Authority announced late on Monday that the number of vessels allowed to pass through its waterway will be increased to 34 per day. The new slots are effective from July. The…
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June 11, 2024
The Baltic Exchange’s main sea freight indicator, which tracks rates of ships transporting dry bulk goods, reached its lowest level since a week Tuesday. This was mainly due to lower capesize rates. * The overall index which includes rates for capesizes…
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June 11, 2024
In an international auction held on Tuesday, Jordan's state grain buyer bought about 60,000 metric tonnes of hard milling whey from optional origins. They said that it was estimated to have been purchased from CHS for $271.95 per tonne cost and freight…
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June 11, 2024
Colonial Pipeline Co has allocated space on Line 20 for Cycle 35 shipments, which transports distillates from Atlanta, Georgia, to Nashville, Tennessee. The company announced this in an email sent on Tuesday to shippers. The pipeline operator…
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June 11, 2024
Initial assessments indicate that nine trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer to buy 120,000 metric tonnes of wheat. They said that the participants were Viterra, Al Dahra CHS, Cargill…
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June 11, 2024
Venture Global LNG, a U.S. exporter of liquefied gas (LNG), became this year one of the largest producers in the country of super-chilled natural gas. It also became the most controversial supplier of the industry after six customers filed contract claims.
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June 11, 2024
Vishnu Saravanan will not waste any time in honing his competitive spirit ahead of the Paris Games. His coach has an unconventional theory on Olympic preparations. The 25-year old is aiming to be the only Indian sailor who competes in multiple Olympics.
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June 11, 2024
Authorities said that following recent rains in South Germany, the water levels in some parts of the Rhine River were increased. The German agency for inland navigation said that the Rhine level is too high to allow river traffic around Maxau, in southern Germany.
