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Shipping powerhouse invests in Californian fuel start-up backed by Warren Buffett

Denmark’s Maersk has invested in WasteFuel, a California-based start-up centered around the conversion of agricultural and municipal waste into fuels, in order to “develop green bio-methanol production in the Americas and Asia.” In an announcement Wednesday, the world’s largest container shipping firm explained its investment would enable WasteFuel to develop biorefineries and “produce sustainable fuels …

The post Shipping powerhouse invests in Californian fuel start-up backed by Warren Buffett...

https://www.hellenicshippingnews.com/shipping-powerhouse-invests-in-californian-fuel-start-up-backed-by-warren-buffett/

Palm oil falls for 2nd day on higher Indonesia, Malaysia supply outlook

Malaysian palm oil futures eased for a second straight session on Friday, hit by expectations of higher supply in major producers Indonesia and Malaysia, although the contract was set for a 1.3% weekly rise. The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia...

https://www.hellenicshippingnews.com/palm-oil-falls-for-2nd-day-on-higher-indonesia-malaysia-supply-outlook/

Governments must plan with supply chain before we begin living with COVID-19: Ports Australia

Ports Australia is urging governments to safeguard the supply chain by planning now before we begin living with COVID-19 and not waiting for inevitable outbreaks to occur. As the rapid increase in vaccination rates across the country inspire state Premiers to tout their intentions of lifting lockdowns once certain thresholds are met, we need Health …

The post Governments must plan with supply chain before we begin living with COVID-19: Ports Australia first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/governments-must-plan-with-supply-chain-before-we-begin-living-with-covid-19-ports-australia/

Financial Investors Reduce Net Long Position In Euronext Wheat

Non-commercial market participants cut their net long position in Euronext’s milling wheat futures and options in the week to Sep. 3, data published by Euronext showed. Non-commercial participants, which include investment funds and financial institutions, lowered their net long position to 150,206 contracts from 169,831 a week earlier, the data showed. Commercial participants similarly reduced …

The post Financial Investors Reduce Net Long Position In Euronext Wheat first appeared on Hellenic...

https://www.hellenicshippingnews.com/financial-investors-reduce-net-long-position-in-euronext-wheat/

AD Ports Group and CMA CGM Group announce agreement to invest AED 570 million in new terminal at Khalifa Port

AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, and France-based CMA CGM Group, a world leader in shipping and logistics have announced the signing of a 35-year concession agreement. Under the terms of the agreement, a new terminal will be established in Khalifa Port, the first semi-automated container port in the …

The post AD Ports Group and CMA CGM Group announce agreement to invest AED 570 million in new terminal at Khalifa Port first appeared on Hellenic...

https://www.hellenicshippingnews.com/ad-ports-group-and-cma-cgm-group-announce-agreement-to-invest-aed-570-million-in-new-terminal-at-khalifa-port/

Iknow Machinery, Nippon Paper Industries, and NYK Demonstrate World’s First Automatic Wood-Chip Discharging Operation with Actual Cargo

Iknow Machinery Co. Ltd. (hereinafter “Iknow Machinery”), Nippon Paper Industries Co. Ltd. (hereinafter “Nippon Paper Industries”), and Nippon Yusen Kabushiki Kaisha (hereinafter “NYK”) have conducted a cargo handling trial of the world’s first automatic crane operation system, which was developed for wood-chip carriers by Iknow Machinery. The trial was performed at Tomakomai port (Hokkaido Prefecture, …

The post Iknow Machinery, Nippon Paper Industries, and NYK Demonstrate World’s First...

https://www.hellenicshippingnews.com/iknow-machinery-nippon-paper-industries-and-nyk-demonstrate-worlds-first-automatic-wood-chip-discharging-operation-with-actual-cargo/

Traffic in the Canal Uninterrupted: Suez Canal records 61 transits at a net tonnage of 3.2 million tons

Adm. Ossama Rabiee, Chairman and Managing Director of the Suez Canal Authority, has announced that traffic through the Canal is uninterrupted. Yesterday, Thursday, 61 vessels transited in both directions with a net tonnage of 3.2 million tons. His Excellency reassured every one of the regularity of traffic through the Canal at the normal rates of …

The post Traffic in the Canal Uninterrupted: Suez Canal records 61 transits at a net tonnage of 3.2 million tons first appeared on Hellenic Shipping...

https://www.hellenicshippingnews.com/traffic-in-the-canal-uninterrupted-suez-canal-records-61-transits-at-a-net-tonnage-of-3-2-million-tons/

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