Cooxupé, the world’s largest coffee co-op and Brazil’s number one exporter, cut its projection for 2021 coffee exports to 4.8 million bags from 6.5 million bags previously, saying shipping bottlenecks and a smaller crop are reducing export volumes. Cooxupé’s president Carlos Augusto Rodrigues de...
The APL ESPLANADE made its first call today at Yokohama port, becoming the CMA CGM Group’s first 14,000-TEU containership in the Japanese port. Accommodation has been made for the Honmoku D4 terminal in Yokohama to receive larger vessels of up to 14,000 TEUs. The APL ESPLANADE arrived at the...
https://www.hellenicshippingnews.com/cma-cgm-group-upsizes-vessels-calling-at-port-of-yokohama/
The long and winding road to reach a bipartisan deal on US infrastructure spending has finally come to an end, with the domestic steel and aluminum industries expected to see a boost to demand in the coming years as projects take shape. The Infrastructure Investment and Jobs Act, signed into law by...
In 2020, the value of U.S. energy imports from Canada totaled $58 billion—accounting for more than one-fifth of the value of all U.S. imports from Canada. The value of U.S. energy imports from Canada fell by 31% in 2020 compared with 2019, and the value of U.S. energy exports to Canada fell 34%,...
Family-owned A.P. Moller Holding, owner of Danish shipping giant Maersk, said on Friday it had agreed to buy Unilabs, a provider of medical diagnostic services, including COVID-19 tests, from UK-based private equity investor Apax Partners. Swiss-based Unilabs, which has a network of clinical labs,...
https://www.hellenicshippingnews.com/maersk-owner-to-acquire-unilabs-from-apax-partners/
Lorenzo Shipping Corporation (LSC) posted total revenues of P2.164 billion for the nine months, ending in September, which was P216 million higher than last year’s same period while the net loss went down to P78 million from P113 million. LSC saw container cargo volumes were up by 5.24% which...
China’s Zhejiang Hangjiaxin Clean Energy has signed a framework agreement with Russian energy company Novatek’s Asian subsidiary for a long-term LNG supply deal, the Chinese city gas distributor said Dec. 2. Under the agreement, Novatek will ship LNG cargoes to the Hibiki LNG receiving terminal owned by Saibu Gas in Kyushu, Japan, and Hangjiaxin will …
The post China’s Zhejiang Hangjiaxin, Russia’s Novatek sign framework agreement for long-term LNG supply first appeared on Hellenic Shipping News...
OPEC and its Russia-led allies will plow ahead with a production increase for January, despite their own predictions of a looming oil surplus, choosing for now to avoid a potentially politically thorny decision on reining in output. Absent clearer data on the impact of the omicron COVID-19 variant,...
Over the last decade, an average of 22 million tonnes of sugar was shipped from Brazilian ports every year, leaving the sugarcane derivative only behind soya beans in terms of quantities of agriproducts exported from Brazil during that period. Most Brazilian sugar is in raw form shipped in bulk....
https://www.hellenicshippingnews.com/carriage-of-bagged-refined-sugar-in-bulk-carriers/
U.S. wheat futures held steady on Friday but were on track for their biggest weekly drop in nearly three months on expectation of ample global supplies. FUNDAMENTALS * The most-active wheat futures on the Chicago Board Of Trade Wv1 were down nearly 3% for the week, the biggest weekly fall since...
https://www.hellenicshippingnews.com/wheat-set-for-worst-week-in-nearly-3-months-on-supply-outlook/