More details about new UK freeports are expected to be announced in Wednesday’s Budget. The chancellor says freeports could help the economic recovery, but critics say they increase the risk of tax dodging and lower employment standards. What are freeports? Freeports are usually located around...
https://www.hellenicshippingnews.com/freeports-what-are-they-and-will-they-make-the-uk-money/
Low-cost oil will be needed even as the world is in an energy transition, Sultan Ahmed Al Jaber, chief executive of Abu Dhabi National Oil Company (ADNOC) and minister of state for the United Arab Emirates, said on Tuesday at CERAWeek by IHS Markit. “The world will still need oil and gas for many...
The oil market is being supported by optimism that COVID-19 vaccinations will assist a global economic recovery, state news agency KUNA reported Kuwaiti Oil Minister Mohammad al-Fares as saying on Wednesday. The minister spoke a day ahead of a market monitoring committee meeting of the Organization of the Petroleum Exporting Countries (OPEC). Source: Reuters (Reporting …
The post Vaccine rollouts supporting oil market recovery hopes -Kuwait minister first appeared on Hellenic Shipping News...
Israel has located the ship responsible for an oil spill that blackened its beaches with tar last month, the environment ministry said on Wednesday, without giving details. The country’s investigation has focused on an unidentified ship that passed about 50 km (30 miles) off the coast on Feb. 11 as...
https://www.hellenicshippingnews.com/israel-finds-ship-behind-oil-spill-off-its-coast-ministry-says/
Blume Global, a leader in global logistics and digital supply chain solutions, has developed an innovative, expedited VIP platform for Fenix Marine Terminal customers in the Port of Los Angeles. Fenix Marine Services is the marine terminal operator at Pier 300, one of the largest container terminals at the busiest container port in the Western …
The post Blume Global Launches Terminal VIP Solution with Fenix Marine Services to Support Busiest Ocean Container Port in Western Hemisphere first...
U.S. private payrolls increased less than expected in February amid job losses in manufacturing and construction, suggesting the labor market was struggling to regain speed despite the nation’s improving public health picture. Private payrolls rose by 117,000 jobs last month, the ADP National...
https://www.hellenicshippingnews.com/u-s-private-payrolls-miss-expectations-in-february/
Farmers continue to report strong current economic conditions on their farms, according to the February Purdue University/CME Group Ag Economy Barometer. While the overall reading for the Ag Economy Barometer changed very little compared to January, down 2 points to a reading of 165 in February;...
Qatar Petroleum’s confidence in long-term contracts and Saudi Aramco’s robust demand outlook expressed March 2 were positive signs for US LNG producers that have struggled to build sufficient commercial support to sanction the addition of new liquefaction capacity. The comments from a major LNG...
https://www.hellenicshippingnews.com/middle-east-gas-outlook-could-be-lift-us-lng-developers-need/
Venezuela’s President Nicolas Maduro said on Tuesday that the National Assembly would consider reforms to oil legislation that he said would allow for “new business models” in the crisis-stricken South American country’s crucial oil industry. Maduro did not provide details about what changes might...
The Board of Directors (the “Board”) of FSL Trust Management Pte. Ltd., as trustee-manager (the “Trustee-Manager”) of First Ship Lease Trust (“FSL Trust” or the “Trust”), announces that it has accepted an offer from a reputable Taiwanese financial institution for the refinancing (the “New Loan”) of...