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Tuesday, July 23, 2024
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Indonesia seeks Russian oil for the first time in years, sources say

Indonesian refiner Pertamina has added Russian oil grades to its tender lists to buy September crude, three traders said on Monday. Pertamina hasn’t purchased Russian...

Iron ore edges lower as investors digest mixed signals from China

Prices of iron ore futures edged lower on Monday as investors and traders assessed mixed market signals from top consumer China following the end...

China’s H1 crude imports from top supplier Russia up 5% on year

China’s crude oil imports from top supplier Russia fell 20% in June year-on-year, bringing the total for the first half of 2024 up 5%,...

China June soy imports from Brazil rise 2%, customs data show

China’s soybean imports from Brazil rose 2.2% in June from a year earlier, data showed on Saturday, as Chinese buyers scooped up lower-priced South...

BHP reports record iron ore production and sales

BHP has released its Operational Review for the year ended 30 June 2024. BHP Chief Executive Officer, Mike Henry:“We finished the year with a strong...

Iron ore slumps to three-week low on weak China demand, strong global supply

Iron ore futures prices slumped to a nearly three-week low on Wednesday, undermined by weak seasonal demand from top consumer China and mounting global...

Intermodal Weekly Market Report [W28]

In February 2024, we discussed the impact of the integration of the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) regulations,...

Rio Tinto releases second quarter production results

Rio Tinto Chief Executive Jakob Stausholm said: “Our operational performance continues to progress. While there are still significant improvements ahead, we are beginning to...

Greece extends naval drills that deter Russian oil transfers

Greece is again extending the naval drills that have largely deterred transfers of Russian oil near its coastline and forced them to other hubs...

Iron ore extends gains on China stimulus hopes

Iron ore futures prices rose on Monday, underpinned by growing bets top consumer China will unveil more stimulus in its third plenum this week...

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Unifeeder CEO steps down

Unifeeder CEO Jesper Kristensen has stepped down from his role at the shipping company. Martin Gaard Christiansen will assume the role of CEO at Unifeeder...

WFW advises ABN AMRO & ING on $245M loan to Tsakos Energy

Watson Farley & Williams advised ABN AMRO BANK N.V. and ING BANK N.V. on a US$245m term loan facility granted to Tsakos Energy Navigation Limited for...

OOCL announces operational update for the 2nd Quarter 2024

Orient Overseas Container Line (“OOCL”) announced its unaudited operational update for the second quarter ended 30th June 2024. For the second quarter ended 30th June...

Icon Energy announces listing on Nasdaq and pricing of $5.0 million initial public offering

Icon Energy, an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes, announced the pricing of its initial public offering...

Gunvor secures US $1.32 billion sustainability-linked syndicated RCF

Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group Ltd, has closed a US $1.2 billion sustainability-linked, syndicated revolving credit facility on 14 June 2024. The...

Greek shipowner and ex-ICS chairman Spyros Polemis dies

Spyros M. Polemis, a pillar of Greek shipping and a past chairman of the...

Ukraine warns ships of scrambled GPS navigation in Black Sea

Ukraine’s seaports authority warned shipowners not to rely on a key navigation tool, as...

CMA CGM signs AI deal with Google

CMA CGM, a global leader in sea, land, air and logistics solutions, and Google...

Suez Canal revenue drops as some shippers shun Red Sea

The Suez Canal‘s annual revenue dropped by almost a quarter in its latest financial...

Baltic index snaps 3-day losing streak on capesize demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry...

Throughput port of Rotterdam virtually unchanged in first half 2024

Cargo throughput in the port of Rotterdam remained virtually unchanged in the first half of 2024 compared to the same period last year. Cargo...

COSCO SHIPPING Ports Abu Dhabi Terminal’s cumulative throughput exceeds 5 million TEUs

On July 5th, CSP Abu Dhabi Terminal surpassed 5 million TEUs in throughput. Since its opening in December 2018, the terminal has launched over...

Adani to double investment in Transshipment Port to $2.4 billion

Billionaire Gautam Adani’s conglomerate is doubling investment to $2.4 billion in its new mega port in southern India as it seeks to expedite expansion...

Germany: Hamburg port workers on ‘warning strike’ over pay

Workers at the Port of Hamburg stopped work early on Tuesday, with their colleagues at Bremen-Bremerhaven taking the same action several hours later. The trade...

US ports oppose tariff on China-made cranes

US ports are pushing back against the recently proposed 25 percent tariff on Chinese-made ship-to-shore (STS) cranes, warning that the increased costs would have...