Chicago corn futures lost ground on Monday as the market took a breather following two sessions of strong gains that were triggered by a forecast of lower U.S. production. Wheat eased slightly after climbing 1.8 percent on Friday, with prices supported by weaker production in Russia and Australia....
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Jordan tenders again to buy 120,000 tonnes wheat – trade
Jordan’s main state grains buyer has again issued an international tender to purchase 120,000 tonnes of hard milling wheat, European traders said on Monday. The tender deadline is Oct. 17. The tender seeks shipment in a range of possible combinations in 60,000 tonne consignments between Dec. 16,...
https://www.hellenicshippingnews.com/jordan-tenders-again-to-buy-120000-tonnes-wheat-trade-5/
Shanghai steel hits over three-week high amid China’s smog fight
Shanghai rebar steel futures climbed to their highest level in more than three weeks on Monday, buoyed by expectations that China’s sustained anti-pollution campaign could further disrupt production. China’s smog-prone Hebei province on Thursday began its environmental inspections of industrial...
China LPG importers hit as US and Iran supplies squeezed
Chinese importers of LPG have been hit with higher prices and narrower margins as the ongoing trade war and sanctions have forced them to axe supplies from two key LPG exporters — the US and Iran. China’s Propane DeHydrogenation or PDH plants, the main LPG importers, have sought alternative supply...
https://www.hellenicshippingnews.com/china-lpg-importers-hit-as-us-and-iran-supplies-squeezed/
U.S.-Saudi Tensions Boost Oil Market
Oil prices edged up Monday morning on the back of mounting threats between the U.S. and Saudi Arabia over the suspected killing of a dissident Saudi journalist. Brent crude, the global benchmark, was up 0.9% to $81.11 a barrel on London’s Intercontinental Exchange. On the New York Mercantile...
https://www.hellenicshippingnews.com/u-s-saudi-tensions-boost-oil-market/
Does The Price Of Oil Even Matter?
My answer to the question posed is “kinda sorta….but not nearly as much as you are being told.” Judge for yourself using the graphic below. Seemingly forever, since Drake drilled his first well in 1859, global oil demand has been almost entirely one thing…up. In fact, since 1984, oil consumption...
https://www.hellenicshippingnews.com/does-the-price-of-oil-even-matter/
Escrow Services For Baltic Members Now Live
The Baltic Exchange’s Escrow Service for its members to hold deposits for ship sale transactions goes live today (15 October). The service is run out of Singapore and led by Chris Jones, the Baltic Exchange’s Head of Asia who is a former Sale & Purchase shipbroker with over 40 years of experience....
https://www.hellenicshippingnews.com/escrow-services-for-baltic-members-now-live/
Indonesia wants to export more coal, buyers ignore the call
Indonesia wants to export more coal in order to earn U.S. dollars to shore up its faltering currency, but the problem is buyers don’t seem to be hearing the message. Indonesia’s coal exports dropped to 24.8 million tonnes in September, down 12.4 percent from August’s 28.3 million tonnes and 10...
https://www.hellenicshippingnews.com/indonesia-wants-to-export-more-coal-buyers-ignore-the-call/
Kongsberg Digital: Singapore’s Ministry of Home Affairs Awards Record-Breaking Maritime Simulator Contract to KONGSBERG
KONGSBERG has landed its largest ever simulator contract in a SGD 21.2 million deal with the Singapore Ministry of Home Affairs. The contract, executed by Kongsberg Digital Maritime Simulation, will see the delivery in Q1 2020 of four advanced K-Sim Tactical Boat Handling and Firing Simulators with...
U.S. Gulf of Mexico oil and gas output increasing after hurricane
U.S. Gulf of Mexico oil and gas production is returning to near normal levels following Hurricane Michael, data from an offshore regulator showed, with oil output off 15.8 percent and natural gas production down less than 10 percent. The Bureau of Safety and Environmental Enforcement (BSEE) also...