Ecoslops, the cleantech that brings oil into circular economy, announces its results for the first half of the year to June 30, 2018, as approved by the Board of Directors at its meeting of September 26, 2018 . Vincent Favier, Chairman and CEO of Ecoslops, says: «The first half of 2018 has been...
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Fed Raises Interest Rates, Signals One More Increase This Year
The Federal Reserve said it would raise short-term interest rates by another quarter-percentage point, and officials signaled they expected to lift them again later this year and through 2019 to keep a strong economy on an even keel. Officials voted unanimously Wednesday on the increase, which will...
https://www.hellenicshippingnews.com/fed-raises-interest-rates-signals-one-more-increase-this-year/
GRAINS-U.S. soybeans ease on lack of Chinese demand, wheat at 1-week low
Chicago soybean futures lost ground on Thursday, snapping two sessions of gains as the market was weighed down by a lack of Chinese demand for U.S. supplies amid an escalating trade war between the two countries. Wheat fell to its lowest since Sept. 19 as rains improved the crop in top exporter...
No-deal Brexit ‘would stop British farming exports for six months’
The National Farmers Union has warned of “catastrophic” consequences for the industry if there is no Brexit deal, after being warned by the EU that the UK faces a six-month wait to be certified as an approved third-country supplier. This would be a major setback to the food and drink sector, where...
Steel, raw material prices drop in China before holiday
Chinese rebar steel futures fell more than 1 percent to a two-week low on Thursday, dragging down prices of steelmaking raw materials as activity in China slows down ahead of a week-long holiday. China’s financial markets will be closed on Oct. 1-5 for the National Day holiday. The most-active...
https://www.hellenicshippingnews.com/steel-raw-material-prices-drop-in-china-before-holiday/
Fujairah data: Oil product stocks lose 8.5% on week as residues slump
Oil product stocks in the Middle Eastern hub of Fujairah dropped to 16.465 million barrels in the week to Monday, down by 1.533 million barrels from the previous week, according to the Fujairah Energy Data Committee. The biggest fall was in stocks of heavy distillates and residues, which sank by...
World Maritime Day 2018 – “IMO 70: Our Heritage – Better Shipping for a Better Future”
The International Maritime Organization (IMO) has been celebrating its major anniversaries during 2018, with a focus on the achievements of the past decades as well as the challenges of the future, as the Organization seeks to promote safe, secure, environmentally sound, efficient and sustainable...
Oil Gains After U.S. Holds Fire on Opening Reserves
Oil prices climbed Thursday, maintaining four-year highs, after the U.S. indicated it wouldn’t open up its strategic petroleum reserves to flood the market and put a cap on prices. Brent crude, the global benchmark, was up 0.7% at $81.89 a barrel on London’s Intercontinental Exchange. On the New...
https://www.hellenicshippingnews.com/oil-gains-after-u-s-holds-fire-on-opening-reserves/
U.S. will not tap oil reserve as Iran sanctions loom-Perry
The Trump administration is not considering a release from the U.S. emergency oil stockpile to offset the impact of looming Iran sanctions, and will instead rely on big global producers to keep the market stable, Energy Secretary Rick Perry said. “If you look at the Strategic Petroleum Reserve and...
https://www.hellenicshippingnews.com/u-s-will-not-tap-oil-reserve-as-iran-sanctions-loom-perry/
Trade Drives Copper Price Volatility, Labor Concerns Subside
Copper prices are being influenced by a protracted US-China trade war as market concerns caused by labor contract negotiations subside, according to Fitch Ratings and CRU Group. Supply/demand dynamics suggest pricing should firm, but we anticipate price volatility could persist over the near term....
https://www.hellenicshippingnews.com/trade-drives-copper-price-volatility-labor-concerns-subside/