Shipping

US agricultural giant Cargill will stop exporting Russian grain after the 2022-23 marketing year ends in July, citing “export-related challenges,” but it added that it will not sell any of its assets in the country, the company said March 29. “We will no longer handle and load Russian grain from...

https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/032923-cargill-says-it-will-stop-handling-grain-within-russia-but-will-retain-assets-there

US-based United Airlines expects the Inflation Reduction Act, a government plan set to unlock $370 billion in clean energy investments, will help incentivize higher production of sustainable aviation fuel, which is currently in short supply, according to a company executive. “There is insufficient...

https://www.spglobal.com/platts/en/market-insights/latest-news/energy-transition/032923-us-based-united-airlines-expects-inflation-reduction-act-to-spur-more-saf-output

Bunkering at Fujairah would benefit from the transparency that mass flow meters confer and consequently attract more market players, but only if a mandate to use the units had robust backing from the authorities, according to bunker suppliers. Fujairah is the world’s third largest bunker hub, with...

https://www.spglobal.com/platts/en/market-insights/latest-news/shipping/032923-mass-flow-meters-at-fujairah-need-robust-regulatory-support-bunker-suppliers

A belt system at the Alumar integrated aluminum complex in Sao Luis, Brazil has failed, preventing the unloading of materials at the facility, global aluminum giant Alcoa, that manages operations at the complex, said in a statement late March 28. According to Alcoa, the Alumar refinery and smelter...

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/032923-alumars-belt-system-at-aluminum-complex-in-brazil-fails-prevents-unloading-of-material

Stockpiles of oil products at the UAE’s Port of Fujairah rose 2.7% in the week ended March 27, led by a 5.5% increase in light distillates such as gasoline and naphtha, according to Fujairah Oil Industry Zone data published March 29. Total inventories rose to 21.919 million barrels March 27, a...

https://www.spglobal.com/platts/en/market-insights/latest-news/shipping/032923-fujairah-data-oil-product-stocks-rise-to-5-week-high-as-exports-slow

Mexico’s demand for Asian gasoline cargoes was seen firming further to meet April demand during Holy Week festivities and as US gasoline prices rise relative to Asian prices, market sources said March 27-29. Some market participants said Mexico was seeking more gasoline cargoes than usual from...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/032923-mexicos-demand-for-asian-gasoline-seen-firming-for-april-as-us-prices-rise