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Monday, July 15, 2024
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China removes import tariffs on various coal grades to secure supplies

China has removed import tariffs on various coal grades as part of its efforts to maintain adequate supplies amid global disruption caused by the...

Russia’s Attacks on Key Bridge May Hit Ukraine’s Grain Export Plans

Russia launched two missile strikes and damaged a strategic bridge in Ukraine’s Odesa region, state railways and local officials said on Wednesday, an event...

India tells its states to step up coal imports for 3 years

India has urged its states to step up coal imports for the next three years to build up inventories and satisfy demand, four sources...

U.S. crude stocks up, fuel inventories dip – EIA

U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 692,000...

Dalian iron ore dips in wobbly session on demand worries

Dalian iron ore fell in seesaw trade on Wednesday, as worries about future demand for the steelmaking ingredient in China outweighed reports of COVID-19...

China’s March soybean imports from U.S. fall y-o-y

China’s soybean imports from the United States plunged in March from a year earlier, customs data showed on Wednesday, as poor margins curbed buying. China,...

Rio Tinto and Vale disappoint on iron ore numbers

Australia’s Rio Tinto and its biggest competitor for the title of the world’s top iron ore exporter, Brazil’s Vale, have both fallen short of...

OPEC+ supply gap widens in March as sanctions hit Russian output

OPEC+ produced 1.45 mln barrels per day (bpd) below its production targets in March, as Russian output began to decline following sanctions imposed by...

China’s crude steel output falls 6.4% on year in March

China’s crude steel production fell 6.4% on the year to 88.3 million mt in March, data from the country’s National Bureau of Statistics showed...

U.S. oil drilling, output moving higher with energy prices

U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity,...

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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...

Stolt-Nielsen limited reports double first half profits compared to previous year

Stolt-Nielsen Limited reported unaudited results for the second quarter and first half ending May 31, 2024. The Company reported a second-quarter net profit of...

TEN declares dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares

TEN a leading diversified crude, product and LNG tanker operator, announced that its Board of Directors declared the regular quarterly cash dividend of approximately...

DOF Group has entered into an agreement to acquire Maersk Supply Service

DOF Group ASA announced that it has entered into an agreement to acquire Maersk Supply Service A/S (“MSS”) to further enhance its position as...

Yemen’s Houthis Conduct Military Operations In Gulf Of Aden

Yemen’s Houthis said on Sunday they had conducted two military operations, one in the...

Baltic index extends gains as rates for smaller vessels rise

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

NYK acquires gas, product tanker and bulker fleet from Eneos Ocean

Nippon Yusen Kabushiki Kaisha agreed to acquire Shipping Business of ENEOS Ocean Corporation from...

Baltic index snaps 5-day losing streak on higher vessel rates

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

Panama Canal expects new water reservoir for ship crossings in 6 years

The Panama Canal expects to complete a billion-dollar construction of a new water reservoir...

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...

EXPLORA I arrives in Piraeus for her maiden call ahead of the eastern mediterranean season

Piraeus Port of Athens welcomed EXPLORA I for her maiden call marking the ship’s debut in the Eastern Mediterranean. The ship is the first...

Marsa Maroc to operate Nador West Med container terminal – The North Africa Post

Marsa Maroc will operate the container terminal at the deep-water port, Nador West Med for 25 years, Moroccan media reported. Marsa Maroc will have to...