Congestion at most Chinese ports has eased further over the past week due to a general improvement of the weather, a port agent source said Wednesday. Dense fog, strong winds, heavy rain and snow made several China ports close from time ...
Tags: Capesize Vessels, Iron Ore
The Singapore Exchange is increasingly taking on a bigger share of coking coal futures volume, latest trade data showed Tuesday. The SGX's FOB Australia Premium Coking Coal Futures contract made up 285,000 mt in trade November, up from ...
Tags: SGX, Coking Coal, iron ore, thermal coal
Prices for hot-rolled and cold-rolled coil in the US are expected to bottom out by the end of the year, sources said Tuesday. Platts maintained its daily HRC and CRC assessments at $360-$370/st and $490-$500/st, respectively. Both prices ...
Tags: hot-rolled coil, cold-rolled coil
When USF Holland sought more energy-efficient lighting for its 53 terminals, it chose Orion Energy Systems, a designer and manufacturer of high-performance, energy-efficient retrofit lighting platforms. The partnership with USF Holland ...
Tags: LED luminaires, USF Holland, LED dock lights
British can maker Rexam has inaugurated its new£115m wall-to-wall manufacturing plant in Widnau, Switzerland. Located alongside the Rauch Trading can filling plant, the new facility will be capable of producing 2.2 billion Slim ...
Tags: Rexam, Sleek cans
Three VLCC fixtures to lift Forties crude from Hound Point, Scotland, in recent days could hit Aframax freight rates in the North Sea in coming weeks, shipbrokers said Friday. The Al Kout, the Front Page, and the Voyager I were all ...
Tags: Tankers, VLCC Fixtures, crude, Aframaxes
Supramax shipowners are bracing for a tough finale to a disappointing year as limping grain and petcoke trade in the Atlantic fails to support the monstrous weight of available tonnage. That has been keeping freight rates low, while hopes ...
Tags: Supramax shipowners, grain, petcoke
Norwegian dry bulk carrier Golden Ocean said Tuesday it expected the market to remain difficult for the next 6-12 months, not least because of slowing Chinese economic growth, as it posted a bigger third-quarter loss year on year. "Well ...
Tags: Tankers, Golden Ocean, Dry Bulk Market
The Trans-Atlantic gasoline arbitrage reopened Tuesday on the heels of stronger prices in both the Northwest Europe and US East Coast markets. Platts assessed the Eurobob barge at $469.25/mt, or $1.3412/gal, while RBOB cargoes delivered ...
Tags: gasoline, Mediterranean gasoline
The December/January US Gulf Coast 3% sulfur fuel oil swap spread moved to a wider contango on Friday, while market sources searched for a fundamental reason to explain the movement. Platts assessed the December/January 3%S spread at a ...
Tags: sulfur fuel oil, USGC fuel oil
The release of a government report showing the cost of congestion in Australia will balloon by billions of dollars over the coming years serves as a timely reminder to governments to give equal consideration to the movement of freight as is ...
Tags: passenger vehicles, heavy vehicles, logistics industry
Russian Railways is the second largest rail network in the world with over 85,200km of track and 976,116 employees. Responsible for 42 per cent of Russia's total freight traffic and 32 per cent of passenger traffic, Russian Railways carries ...
Air freight volumes were up slightly in September according to the IATA, with freight tonne kilometres (FTK) 1.0% higher compared to a year ago. This was a small improvement on August, when volumes were broadly stable year to year, however, ...
Tags: Air Freight, world trade
US extruder Bonnell Aluminum posted a 5.8% increase in its third quarter net sales year on year on higher sales volumes, particularly in the automotive and nonresidential building and construction markets, parent company Tredegar said ...
Asian propylene term contract discussions for 2016 are likely to conclude at larger discounts than this year due to an increase in supply in the region, market sources said this week. A source at a producer in South Korea estimated the ...
Tags: propylene, spot market