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Argentina will remove export taxes on all grains for more than a month to boost the supply of dollars during that period, government spokesman Manuel Adorni said on Monday. Argentina is the world’s top exporter of soybean oil and meal and the third-largest exporter of corn. The measure will include grains and by-products such as ...
https://www.hellenicshippingnews.com/argentina-temporarily-removes-grain-export-taxes-to-boost-dollar-supply/Iron ore futures prices advanced on Monday, as blast furnace steel production increased amid rising demand for building materials ahead of China’s National Day holidays. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! rose 0.37% to 808.5 yuan ($113.65) a metric ton. The benchmark September iron ore (SZZFU5) on the ...
https://www.hellenicshippingnews.com/iron-ore-firms-as-increased-building-materials-demand-lift-steel-output/A rebound in China’s imports of seaborne thermal coal has helped prices recover, but the boost is likely to prove temporary as recent strength in coal-fired electricity generation eases. China, the world’s biggest coal producer and importer, is expected to import 27.41 million metric tons of seaborne thermal coal in September, according to data compiled ...
https://www.hellenicshippingnews.com/china-import-surge-drives-seaborne-thermal-coal-prices-up/
https://www.hellenicshippingnews.com/china-import-surge-drives-seaborne-thermal-coal-prices-up/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, edged down on Monday, with weakness seen across vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 31 points to 2,172 points. The capesize index snapped a six-day winning run ...
https://www.hellenicshippingnews.com/baltic-freight-index-eases-with-weakness-across-vessel-segments/Polaris International is diversifying its shipping portfolio with the official entry into the dry bulk market and the launch of Polaris Bulkers The move marks a strategic expansion for Polaris, best known for its automotive logistics division, Polaris Autoliners. The new dry bulk venture will operate out of Singapore and be led by dry bulk …
https://splash247.com/vehicle-shipping-player-polaris-launches-dry-bulk-arm/
https://splash247.com/vehicle-shipping-player-polaris-launches-dry-bulk-arm/Singapore has more than one maritime week. There’s the official one in April, plus this week’s mix of events – including our own Maritime CEO Forum – that culminate with Friday’s massive Singapore Shipping Association dinner. Splash launches its latest Singapore annual today, assessing how the city-state aims to remain the world’s most relevant maritime …
https://splash247.com/singapore-shows-others-how-to-future-proof-maritime/
https://splash247.com/singapore-shows-others-how-to-future-proof-maritime/Israeli maritime analytics firm Windward is reporting that the government of Comoros has begun a clean-out of its international registry, a flag which has been central to sanctions-circumventing dark fleet tankers shipping Russian, Iranian and Venezuelan oil. There are now 62 tankers, three liquefied petroleum gas carriers and one tug declared as falsely flying the …
https://splash247.com/comoros-takes-action-on-dark-fleet/
https://splash247.com/comoros-takes-action-on-dark-fleet/Surging VLCC rates have seen the cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, reach a two-year high of $29,888 per day as of last Friday, 50% above the 10-year trend. VLCC rates leapt last week, with some fixtures breaking through the $100,000 a …
https://splash247.com/surging-vlcc-rates-propel-clarksea-index-to-two-year-high/
https://splash247.com/surging-vlcc-rates-propel-clarksea-index-to-two-year-high/China Merchants Energy Shipping (CMES) has officially taken delivery of the world's first 9,300-car capacity methanol dual-fuel powered pure car and truck carrier (PCTC), CM Hong Kong.The 220-meter vessel was built by China Merchants Industry and will sail under the flag of Hong Kong.
https://www.marinelink.com/news/cmes-takes-delivery-car-methanol-dualfuel-530251
https://www.marinelink.com/news/cmes-takes-delivery-car-methanol-dualfuel-530251Sean Fraser, Canada’s Minister responsible for the Atlantic Canada Opportunities Agency, has announced that strategic direction has been given to the Canada–Nova Scotia Offshore Energy Regulator as a next step toward realizing Canada’s first…
https://www.marinelink.com/news/canada-readies-offshore-wind-530252
https://www.marinelink.com/news/canada-readies-offshore-wind-530252