The EU’s Brexit negotiator said on Friday afternoon the latest round of trade talks with Britain closed with “persistent serious divergences on matters of major importance” for the bloc. Michel Barnier noted fresh progress on aviation safety and safeguards of fundamental rights but said there was...
Cross-Mediterranean basis 30,000 mt freight rates reached a new low on Sept. 30, as overwhelming tonnage and a dearth in cargo availability breached a previous floor in the market with shipowners making sharp losses on reduced cargoes in the basin. Freight rates for cross-Med shipments basis 30,000...
Euro zone inflation fell deeper into negative territory last month, raising pressure on the European Central Bank to add stimulus, as an ongoing recession will keep price growth below its target for years to come. Annual inflation in the 19 countries sharing the euro fell to minus 0.3% in...
https://www.hellenicshippingnews.com/euro-zone-inflation-at-a-four-year-low-raising-pressure-on-ecb/
Libya’s recently reopened Brega terminal is set to export 1.8 mln barrels of crude on three tankers in October, according to a loading programme seen by Reuters. Each tanker is expected to lift a 600,000 barrel cargo with the following loading windows: Oct. 1-3, Oct 12-14 and Oct. 26-28. Source:...
Chicago corn futures slid more than 1% on Friday, although the market is set to end the week on a positive note, trading near a seven-month peak as robust global demand underpinned prices. Wheat also fell, but prices are up for the week as dryness threatens producers Russia and Argentina. “The...
Coal deliveries to US power plants rose to a six-month high 37.43 million st in July, up 14% from the previous month but 23.8% lower than the year-ago month, according to US Energy Information Administration data. The shipments in July were the lowest in over eight years for the corresponding month...
German crude oil imports in the first seven months of 2020 were 1.9% below those a year earlier as the coronavirus crisis and related lockdowns hit industrial activity, official data showed. Overall oil volumes reaching Germany in January-July totalled 48.8 million tonnes, down from 49.7 million in...
https://www.hellenicshippingnews.com/german-jan-july-oil-imports-fell-1-9-yr-yr/
The issue received bids for 481.64 crore shares as against 3.05 crore shares on offer. The initial public offer (IPO) of Mazagon Dock Shipbuilders received bids for 481.64 crore shares on Thursday, 1 October 2020, as against 3.05 crore shares on offer, as per the National Stock Exchange of India...
https://www.hellenicshippingnews.com/mazagon-dock-ipo-subscribed-157-41-times/
DP World, UAE Region and Jafza joined hands with the Confederation of Indian Industry (CII) as event partners for the Auto Resurgence Summit 2020 that shed light on how the automotive sector can respond positively to the global pandemic. Speakers highlighted the significance of creating a...
Golar LNG Limited (“Golar”) announces today that Gimi MS Corp., a subsidiary of Golar, has confirmed a revised project schedule with BP Mauritania Investments Ltd. (“BP”) for the Greater Tortue Ahmeyim project. The revised project schedule will result in the target connection date for the converted...
https://www.hellenicshippingnews.com/golar-lng-end-of-flng-gimi-force-majeure-events/