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Market

Market

Turkey tenders to buy estimated 565,000 tonnes wheat – traders

portnews -
Turkey’s state grain board TMO has issued an international tender to purchase an estimated 565,000 tonnes of milling wheat, European traders said on Friday. The...
Maritime

Baltic index posts worst week in more than a year

portnews -
The Baltic Exchange’s dry bulk sea freight index edged down on Friday to post its biggest weekly loss since Dec. 17, 2021, as shipping...
Maritime

Peak Season Surge Could Be Make or Break for Ocean Carriers

portnews -
Container spot rates from Asia to North Europe, as recorded by Drewry’s WCI index, increased by 10% this week from their pre-Christmas level, to...
Companies

Poten: Unipec king of VLCC charters, Lukoil doesn’t make the cut

portnews -
Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corporation, remained the king of the VLCC charter market in 2022 with 746 reported fixtures,...
Maritime

SSY Futures supports FFA volume growth

portnews -
SSY Futures has released a statement analysing and supporting forward freight agreement (FFA) volume growth. The statement from Przemek Koralewski, Head of Sales and Business...
Market

Deteriorating demand dominates copper market mood

portnews -
Copper prices traded in a narrow range on Tuesday, but sentiment was negative owing to a stronger dollar and deteriorating demand prospects because of...
Market

Iron ore, ferrous futures dip on China COVID jitters

portnews -
Dalian and Singapore iron ore futures dropped on Tuesday along with China steel benchmarks as COVID-19 cases in the country weighed down sentiment on...
Market

China Dec factory activity extends declines on COVID surge – Caixin PMI

portnews -
China’s factory activity shrank at a sharper pace in December as surging COVID-19 infections disrupted production and weighed on demand after Beijing largely removed...
China

China’s finance minister promises ‘appropriate’ 2023 fiscal expansion

portnews -
China will step up fiscal expansion in an appropriate manner in 2023 by boosting fiscal spending and investment via local government special bonds to...
Companies

Maersk joins rivals in softening contract conditions for shippers

portnews -
  Ocean carriers are tempting BCOs with a wide range of new, flexible, long-term contract options this year, after shippers complained of being “burned” by...
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