Iron ore pellet and high-grade concentrate suppliers in Sweden and Canada are expected to see a drag on potential export shipments continue well into 2024 as they face difficulties in maximizing rail capacity, according to Jan. 18 analysis by S&P Global Commodity Insights. Rail operations may limit...
Platts-assessed blue ammonia prices slipped globally in December, with Far East Asia becoming the cheapest region, S&P Global Commodity Insights data showed. Prices extend losses globally, tracking losses in conventional markets, amid slow spot demand and softer feedstock natural gas prices. Platts...
The Asian low sulfur fuel oil market is likely to remain lackluster in 2024 amid a potential build in regional stock levels, while downstream bunker demand is expected to grow at a slower pace on the back of global macroeconomic concerns and as new scrubber-fitted vessels drive consumption growth...
Asia may not witness dramatic changes to near-term oil supplies amid the ongoing Red Sea crisis , but refiners are chalking out alternative plans to ensure steady feedstock flows in the event of an escalation — a move that could inflate insurance costs and crimp refining margins, sources said....
The Asian low sulfur fuel oil market is likely to remain lackluster in 2024 amid a potential build in regional stock levels, while downstream bunker demand is expected to grow at a slower pace on the back of global macroeconomic concerns and as new scrubber-fitted vessels drive consumption growth...
The US Central Command forces struck 14 Iran-backed Houthi missiles late-Jan. 17 that were loaded to be fired in Houthi controlled areas in Yemen, CENTCOM said, the latest in a growing sign of security threat for commercial shipping in the Red Sea. “These missiles on launch rails presented an...
The Iranian-backed Houthis have hit another ship in the Gulf of Aden. The latest incident took place Wednesday approximately 60 nautical miles southeast of Aden, Yemen, the UK Maritime Trade…
https://gcaptain.com/bulk-carrier-hit-by-houthi-attack-drone/
By Brendan Murray (Bloomberg) — Commercial ship transits through the Suez Canal dropped to the lowest level since the Ever Given blocked the waterway nearly three years ago, highlighting the extent…
https://gcaptain.com/suez-canal-transits-fall-to-lowest-level-since-ever-given-grounding/
The United States has announced the re-designation of the Yemen-based group Ansarallah, also known as the Houthis, as a Specially Designated Global Terrorist (SDGT). This move comes in response to…
https://gcaptain.com/biden-administration-re-designates-houthis-as-terrorist-group/
DAVOS, Switzerland, Jan 17 (Reuters) – Maersk CEO Vincent Clerc said on Wednesday the disruption to global shipping caused by the attacks on vessels in the Red Sea will probably last at least a few…
https://gcaptain.com/maersk-ceo-sees-red-sea-shipping-disruption-lasting-at-least-a-few-months/