The rise of electric-arc furnace (EAF) technology, increased use of green feedstock and evolving carbon policies will reshape steel production and global trade patterns according to ‘Metalmorphosis: how decarbonisation is transforming the iron and steel industry’, the latest Horizons report from...
https://www.hellenicshippingnews.com/steel-decarbonisation-to-redefine-supply-chains-by-2050/
Ukraine’s corn exports in marketing year 2023-24 (July-June) fell 50.8% year on year to 3.03 million mt as of Oct. 18, data from the Ministry of Agrarian Policy and Food showed. So far in October, the country shipped 351,000 mt of corn compared with 1.32 million mt a year ago. Ukraine is the...
https://www.hellenicshippingnews.com/ukraines-my-2023-24-corn-exports-slump-51-on-year-to-3-mil-mt/
Israel’s Ashdod Port, one of the largest ports of the country and a crucial asset for the national economy, is continuing to operate normally despite the ongoing conflict between Israel and Hamas, according to the executive chairman of the Ashdod Port Company’s board of directors, Shaul Schneider.
Talking to Container News, he pointed out that employees of Ashdod Port Company continue to maintain operational continuity for the Israeli economy and are working even faster, understanding the...
Russia’s fuel export ban led to an 80% fall in railway exports of gasoline in the first 15 days of October from the same period in September to some 37,000 tonnes, data provided by two market sources and Reuters calculations showed. Russia temporarily banned exports of gasoline and ultra-low...
Severe drought in the Amazon is forcing Brazilian grain exporters to divert a small number of export cargos to southern port terminals instead of northern ports, grain exporters group Anec said on Wednesday. Northern routes, which have been disrupted by difficulties navigating shallow Amazonian...
Exemptions to sanctions on Venezuelan oil exports that the U.S. is mulling should not result in a large crude production surge in the OPEC country, instead taking barrels away from its current main destination China, experts said. The administration of U.S. President Joe Biden plans to provide some...
China’s clean oil product exports retreated 11.2% to 3.72 million mt (1.03 million b/d) in September from the six-month high in August, General Administration of Customs data showed on Oct. 18. The outflow was expected to hover in October before falling in the rest of the, year amid tight export...
https://www.hellenicshippingnews.com/clean-oil-product-exports-fall-11-to-3-72-mil-mt-in-september/
India will allow exports of non-basmati white rice to a clutch of countries such as the Philippines – one of the world’s biggest importers of the grain – a government order said on Wednesday. India, the world’s biggest rice exporter, in July banned overseas shipments of non-basmati white rice and...
The Hamburg Port Authority (HPA) will raise port fees by an average of 6.5% from 1 January 2024, due to the continued very high inflation and increased prices.
With the new port fees, the HPA aims to simplify the tariff structure. “For example, the quantity component is eliminated,” it said, “leading to more transparency and less effort on all sides.”
Furthermore, the previously temporary quantum discount will be de-funded, extended and increased in volume, according to HPA’s announcement.
Friedric...
https://container-news.com/hamburg-port-authority-to-raise-port-fees/
Pakistan is diversifying its energy supplies and has recently started importing Russian gas and oil. This has created a ripple of excitement among many who claim these imported items are cheaper. Analysts, however, believe that such supplies are not without technical, financial and political...
https://www.hellenicshippingnews.com/pakistans-russian-energy-imports-test-wests-patience/