Bearish sentiment and sliding freight levels so far in 2023 have surprised many Atlantic Panamax market participants, who were previously expecting the rapid recovery seen in rates between late February and early April to continue throughout the year’s second and third quarters. Despite the...
ANKARA/UNITED NATIONS, May 17 (Reuters) – The Ukraine Black Sea grain deal has been extended for two more month, Turkish President Tayyip Erdogan said on Wednesday, one day before Russia could have…
https://gcaptain.com/turkish-president-erdogan-says-black-sea-grain-deal-extended-for-two-months/
Stockpiles of oil products at the UAE’s Port of Fujairah climbed for a second consecutive week to a five-month high as of May 15, led by a 35% surge in jet fuel, diesel and other middle distillates, according to May 17 data from the Fujairah Oil Industry Zone. Total inventories climbed 7.5% on the...
Pakistan’s oil refineries are planning to export around 100,000 mt of fuel oil in May to reduce stocks at their terminals and help run units at desired capacities, industry officials told S&P Global Commodity Insights May 17. The South Asian country’s fuel oil consumption has slowed in the recent...
The latest news for every retail supply chain nerd
Attention shoppers and all you retail supply chain nerds. Welcome to Point of Sale: The Newsletter! Here you’ll find all the latest industry deals, tech developments and everything in between regarding shoppers’ interests. I’m Sydney Edwards, the voice in your head and the writer before you. Happy to be here!
At the market
Oof, Peloton
It seems like it’s one thing after another with Peloton. The company is currently...
https://www.freightwaves.com/news/strongshoppers-bewarestrong
This five-part story series examines the coking coal market from a few angles. This first part focuses on pricing evolution and spot liquidity. The second analyzes how trade flows have changed, the third traces the rising importance of environment, social and governance criteria, while the fourth...
By Megan Durisin and Áine Quinn (Bloomberg) — Only seven crop vessels remain in the Ukraine crop corridor as Russia threatens to exit the grain pact later this week, bringing traffic…
https://gcaptain.com/black-sea-grain-corridor-nearly-void-of-ships-as-russias-exit-looms/
As U.S. imports continue to come in well below last year’s records, Port Houston has announced that its container exports are surpassing historic volumes seen in 2022, signaling strong growth…
https://gcaptain.com/port-houston-sees-surge-in-container-exports/
Foreign container lines were widely blamed for stratospheric freight rates during the supply chain crisis. President Joe Biden proclaimed last June he was “viscerally angry” at the “rip-off,” clenching his fist and saying he felt like “popping someone,” presumably a foreign container-line executive.
As the shipping lines took the heat for raking in billions amid the pandemic, another group of foreign-owned container shipping companies quietly raked in record sums outside the publicity glare: the...
https://www.freightwaves.com/news/covid-boom-not-over-yet-for-landlords-of-shipping-lines
Uncertainty over sustainable marine fuel availability and infrastructure has put at risk the shipping industry’s pursuit of decarbonization, with opinions divided over the future bunker landscape, the trade association International Chamber of Shipping said May 16. When releasing its annual survey...