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Gulf markets end blended; Egypt slips

Posted to Maritime Reporter on June 5, 2024

on Wednesday in the middle of steady oil prices, while soft U.S. the Federal Reserve in September. GMT. The Qatari criteria stock index increased 0.3%,. getting for a fifth straight session, supported by a 1.9%. increase in Industries Qatar and a 0.7% rise in Qatar. Gas Transport.

Libra Group exits container shipping in $2 bln sales play

Posted to Maritime Reporter on June 5, 2024

company's executive chairman said. rose. U.S.-headquartered Libra Group, stated they had taken the most significant. wager in shipping history by purchasing ratings of ships in between 2010. to 2020. It was a very difficult time, lots of challenging years, he.

India prepares new shipping company to catch profits from growing trade

Posted to Maritime Reporter on June 5, 2024

India plans to set up a. new shipping company to expand its fleet by a minimum of 1,000 ships. in the next years, as Asia's thirdlargest economy looks for a. bigger portion of income from rising trade, 2 government. authorities said. The South Asian country is investing billions of dollars to.

Algerian wheat purchase estimated at 810,000 to 840,000 T -traders say

Posted to Maritime Reporter on June 5, 2024

on Tuesday, European traders stated on Wednesday. on Tuesday night. $ 279.50 a metric ton, expense and freight (c&& f) consisted of. Romania, Bulgaria and perhaps Russia. materials were seen as best placed to be sourced. Some volume was also anticipated to be sourced from France.

RPT-Egyptian man who endured shipwreck rejects triggering Greece boat disaster

Posted to Maritime Reporter on June 5, 2024

set foot on European soil. others with smuggling and causing the disaster. If convicted, he would have faced life jail time. fear started. What's wrong? What's happened? Did I do anything? he told Reuters. They're informing us that we are smugglers. Traffickers?

River Rhine in south Germany remains closed to shipping after rain

Posted to Maritime Reporter on June 5, 2024

navigation authorities said. Germany, the German inland waterways navigation agency said. heavy rain caused comprehensive flooding. shipping early on Friday. Duesseldorf. Switzerland. grains and animal feed. since of abnormally dry summer seasons recently.

Jordan gets 8 individuals in 120,000 T wheat tender, traders say

Posted to Maritime Reporter on June 4, 2024

metric lots of wheat, traders said in preliminary evaluations. they stated. expected later on Tuesday, traders said. Shipment in the new tender for difficult wheat was looked for in a. series of possible mixes in consignments of 50,000 to. 60,000 heaps.

Sri Lanka shares end lower, dragged by realty and consumer staples

Posted to Maritime Reporter on June 4, 2024

staple stocks. 12,050.44. It has actually fallen in 11 out of the last 14 sessions. * Mercantile Shipping Business PLC and Diesel &&. Motor Engineering PLC were the top portion losers. on the CSE All Share, falling 17.6% and 6%, respectively.

UKMTO and Ambrey report event near Yemen's Hodeidah

Posted to Maritime Reporter on June 4, 2024

explosion a considerable distance from the ship. Palestinians combating Israel in Gaza. note. info indicating missile activity near the same place. targeted at the Bab al-Mandab Strait and the Gulf of Aden. longer and more pricey journeys around southern Africa.

Ukraine's May grain exports jump 67%, ministry says

Posted to Maritime Reporter on June 4, 2024

ministry data showed on Wednesday. million heaps by the same date in the previous season. 26.2 million tons of corn and about 2.4 million tons of barley. its Black Sea ports. exportable surplus of about 50 million loads. of grain. crops to reach 73 million tons.

South Korea's FLC purchases some 65,000 T corn in personal deal

Posted to Maritime Reporter on June 4, 2024

global tender, European traders said. additional charge for additional port discharging. be trading home Cofco. If sourced from South America, delivery is in between Aug. 12-Aug. 31 and from South Africa between Aug. 22-Sept. arrival in South Korea around Oct. 10.

Urals differentials the same in quiet trade

Posted to Maritime Reporter on June 4, 2024

approached the end of their trading duration, traders said. initially filling dates are expected next week. sources stated. crude in the Platts window on Tuesday. Tuesday. executive with commodity trader Trafigura stated on Tuesday.

Egyptian man who endured shipwreck rejects causing Greece boat disaster

Posted to Maritime Reporter on June 4, 2024

set foot on European soil. others with smuggling and causing the disaster. If convicted, he would have dealt with life imprisonment. fear began. What's wrong? What's occurred? Did I do anything? he told Reuters. They're informing us that we are smugglers. Traffickers?

European shares snap three-day winning streak on products' drag

Posted to Maritime Reporter on June 4, 2024

though care remained ahead of European Reserve bank's. rate of interest choice later on this week. The continent-wide STOXX 600 closed 0.5% lower,. snapping a three-day winning streak. Energy stocks led losses with a 2.6% drop, striking. an over a two-month low, tracking a more than 1% fall in oil.

Algeria starts buying milling wheat in tender, traders state

Posted to Maritime Reporter on June 4, 2024

stated. cost and freight (c&& f) consisted of, they said. relatively small. around the $285 c&& f level for larger volumes, traders stated. the primary supply regions including Europe: Aug. 1-15 and Aug. 16-31. one month previously. price quotes of prices and volumes are still possible later.

Crude oil tanker market facing aging fleet, says Trafigura

Posted to Maritime Reporter on June 4, 2024

trader Trafigura said on Tuesday. attacks by the Houthis, which has actually tightened up schedule. fleet. Trafigura, told Reuters. week in Athens. their first newbuild orders for VLCCs. ammonia prepared, the source included. developing container ships and LNG tankers due to sector booms. 400 VLCCs.

Houthi Red Sea attacks decline in recently as navies act, Greece states

Posted to Maritime Reporter on June 4, 2024

interview on Tuesday. Aspides and in Greek ways Shields. see a noteworthy reduction in the number and strength of attacks. sidelines of the Posidonia shipping week in Athens. decisiveness can stop this. November and have broadened attacks to other hectic waterways.

Approved tankers present rising environmental threat in Mediterranean, Greece says

Posted to Maritime Reporter on June 4, 2024

informed Reuters on Tuesday. its oil exports. have little incentive to follow cleaner shipping standards. sidelines of the Posidonia shipping week in Athens. worldwide oil trade, he said. in a report last month. Stylianides stated. We can not accept this situation so near our coast.

Baltic index inches up on capesize gains

Posted to Maritime Reporter on June 4, 2024

segment got. points, or 0.28%, to 1,813. 2,839, its greatest level given that May 14. coal, among others, increased $188 to $23,545. inventories. * The panamax index fell 2 points, or about 0.12%,. to 1,679. * Typical everyday incomes for panamax vessels, which.

European shares slip as energy shares weigh

Posted to Maritime Reporter on June 4, 2024

Bank's rate of interest decision later on today. GMT, snapping a three-day winning streak. weakening U.S. need. fell 2.7% after scores firm S&P Global modified the company's. credit outlook lower. A risk-off mood likewise embeded in as market participants waited for.