Commodity radar: They’ve got an awful lot of coffee (shortage) in Brazil…

At Premium we sometimes muse that our subscription fee is the equivalent of the price of a cup of coffee per week. But after an extraordinary year in the coffee markets, with prices doubling from $1.24/lb to $2.36 today, that comparison no longer stands.
The spotlights were on Brazil in 2021, where frost and drought damaged the coffee crop. The weather story was as dramatic a narrative as any Brazilian soap opera …

The post Commodity radar: They’ve got an awful lot of coffee (shortage) in Brazil…

https://theloadstar.com/commodity-radar-theyve-got-an-awful-lot-of-coffee-shortage-in-brazil/

Amazon, Walmart to advise Washington on ocean freight policy

Some of the largest and most powerful companies in the U.S. will now have a say in shaping transportation policy in a public forum at the Federal Maritime Commission.

The FMC announced on Thursday the first 24 members to serve on its newly formed National Shipper Advisory Committee (NSAC), evenly divided between importers and exporters. Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), Target (NYSE: TGT) and Office Depot (NASDAQ: ODP) are some of the big-name online and retail companies representing...

https://www.freightwaves.com/news/amazon-walmart-to-advise-washington-on-ocean-freight-policy

CSSC Orders Two 50,000 dwt Dual Fuelled Product Tankers

CSSC Shipping orders two product tankers for Louis Dreyfus charter at Chengxi Shipyard, says an article published in Splash 247.

About the order 

CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has placed an order for the construction of two 50,000 dwt product tankers at Chengxi Shipyard. The price for each newbuilding is about $43m.

Vessels charter plan

Intermodal reported that the dual fuelled vessels will be chartered to commodity trader Louis Dreyfus under a...

https://mfame.guru/cssc-orders-two-50000-dwt-dual-fuelled-product-tankers/

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