Oman plans to build multi-purpose port in Masirah
Oman is set to build a multi-purpose port in the Masirah region on a 1.8 million sq m area to cater to the tourism, transport and fisheries sectors along with facilities for security services, reported Times of Oman, citing a senior ministry official. This comes as part of the strategic objectives of Oman Vision 2040, […]
Russia pulls out of the Black Sea grain deal.
The Kremlin terminated an agreement that had allowed Ukraine to export its grain by sea despite a wartime blockade, a deal seen as essential to keeping global food prices stable. Russia said on Monday that it was ending its participation in an agreement that had allowed Ukraine to export its grain by sea despite Moscow’s […]
Baltic index logs first weekly gain in three
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its first weekly gain in three even as it inched lower on Friday on weaker demand in the larger vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, […]
Grain Highlights 16.07.2023
In their July report, Conab analysts lowered their forecast for Brazil’s 2023/24 soybean production by 1.2 million tons to 154.6 million tons (125.5 in 2022/23). – In their July report, USDA analysts forecast a global soybean production of 405.3 million tons (410.7 in June and 369.7 in 2022/23), including 117 million tons in the United States (122.5 and […]
Explainer: What happens if Black Sea grain corridor deal is not extended?
LONDON, July 11 (Reuters) – A deal allowing Ukraine to export grain via the Black Sea expires on July 17 and with Moscow saying it sees no grounds for an extension there are fears it may collapse. WHY IS IT IMPORTANT? Ukraine is a major producer of grains and oilseeds and the interruption to its […]
Singapore port authority seeks proposals for fully electric harbour craft
Singapore’s Maritime and Port Authority (MPA) has issued an expression of interest (EOI) calling for proposals to design and promote the use of fully electric harbour craft in Singapore, it said in a statement on Tuesday. The EOI document is a further step towards MPA’s rule that all new harbour craft operating in its waters […]
Baltic index gains on uptick in capesize, panamax rates
The Baltic Exchange’s main sea freight index rose on Monday, helped by rising rates for the larger vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose by 15 points or 1.5% to 1,024. The capesize index gained 33 points or 2.2% to 1,555. […]
Putin-Erdogan talks only hope for Black Sea grain deal extension- RIA
July 10 (Reuters) – Expected negotiations between Russian President Vladimir Putin and Turkey’s President Tayyip Erdogan remain the only hope to extend the Black Sea grain deal that is set to expire next week, Russia’s RIA news agency reported on Monday. The Black Sea deal, brokered between Russia and Ukraine by the United Nations and […]
IMO MEPC 80: Shipping to reach net-zero GHG Emissions by 2050
The 80th session of the IMO’s Marine Environment Protection Committee (MEPC 80) adopted a revised GHG Strategy. The revised strategy aims to significantly curb GHG emissions from international shipping. The new targets include a 20% reduction in emissions by 2030, a 70% reduction by 2040 (compared to 2008 levels), and the ultimate goal of achieving […]
Valenciaport calls for tenders for the electrical substation that will connect its docks to green energy
The ‘zero emissions’ port stay is getting closer and closer in the city of Valencia. Valenciaport has put out to tender the construction of the first of the two planned electrical substations which will enable the ships berthed at the Valencian docks to switch off their engines and connect to the electricity grid, thus ceasing […]