The Baltic exchange’s main sea freight index .BADI recorded its worst week in four on Friday dragged by a retreat across vessel segments, but a brief bounce in the larger capesize segment last week helped the index notch up a monthly gain. The overall index, which factors in rates for capesize, panamax and supramax shipping …
Retreat across vessels drags Baltic dry index to worst week in four Read More »
A decrease in Mexico’s HSFO exports to the US Gulf Coast pushed the USGC high sulfur fuel oil crack vs Brent to a 21 month high on June 27, according to S&P Global Commodity Insights data. Platts assessed the physical USGC HSFO/Brent crack on June 27 at minus $7.61/b, its highest level since it was …
USGC high sulfur fuel oil crack strengthens in June to 2021 high Read More »
Cash differentials for fuel oil held steady in Asia amid thin trade on Friday, while onshore inventories climbed at key trading and storage hubs this week. The spot 0.5% very-low sulphur fuel oil (VLSFO) cash differential closed at a premium of $14.44 a metric ton over Singapore quotes, while front-month refining crack was at a …
Asia Fuel Oil-Cash differentials steady; inventories rise across key hubs Read More »
Russia saidon Friday it saw no reason to extend the Black Sea grain deal beyond July 17 because the West had acted in such an “outrageous” way over the agreement, but assured poor countries that Russian grain exports would continue. The United Nations and Turkey brokered theBlack Sea Grain Initiative last July to help tackle …
Russia’s top diplomat Lavrov sees no reason to extend grain deal Read More »
Drewry’s composite World Container Index decreased by 2.7% to $1,494.46 per 40ft container this week. Our detailed assessment for Thursday, 29 June 2023 The composite index has decreased by 2.7% to $1,494.46 this week, and has dropped by 78.9% when compared with the same week last year. The latest Drewry WCI composite index of $1,494.46 …
Drewry: World Container Index Down 2.7% This Week Read More »
The International Chamber of Shipping (ICS), in collaboration with International Maritime Employers’ Council (IMEC) and the International Transport Workers’ Federation (ITF), with the Filipino Shipowners’ Association (FSA), organised a summit earlier this week (26 June 2023) solely focused on seafarers. The summit was aptly hosted in one of the seafaring capitals of the world – …
La Autoridad Portuaria de València (APV) se ha reunido con el Ayuntamiento de la localidad y la Consejería de Fomento de Castilla-La Mancha para avanzar en la puesta en marcha de una infraestructura que para los manchegos representa una garantía de acceso a los mercados mundiales a través de los muelles de Valenciaport Con paso …
MSC es uno de los patrocinadores principales de la regata y pone su nombre a la clase donde participa el MSC Sailing Team: la ORC 1 MSC. Equipo de vela MSC Liderado por Nicolas Groux, regatista profesional, el MSC Sailing Team está compuesto por Damien Benard, Fabio Di Rosa, Christopher O’Connor, Angelo Pietrantonio, Paulo Quariguasy, …
El equipo de vela de MSC llega a Valencia para participar en el XXIV Trofeo SM La Reina Read More »
The summer holiday season doesn’t seem to be slowing down the activities of the global energy sector. Energy companies are still moving strongly towards a low-carbon and sustainable future, with carbon capture and storage (CCS) and renewables serving as the main topics of the conversation.
Yara Clean Ammonia (YCA), a subsidiary of Norwegian fertilizer company Yara International, and BASF, a German-based chemical producer, are collaborating on a joint study to develop and construct a low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region. Yara-BASF ammonia plant in Freeport, Texas; Courtesy of Yara According to Yara, …
Yara and BASF to work on low-carbon blue ammonia project in U.S. Read More »
