Authorities in China have started to ask some overseas shipowners to report on their carbon emissions, highlighting greater scrutiny of the industry as the regulatory framework shifts. The requests for figures on voyages that service local ports affect some tanker and container-ship owners, according to people familiar with the matter, who asked not to be identified. The move follows the EU’s recent adoption of a carbon levy on vessels, and could help in China’s expansion of its emissions-trading system to cover shipping. It’s unclear how many ports are involved. Ocean-going ...

Alewijnse has secured a prestigious new contract from Damen Shipyards for the complete electrical installation of an ultra-modern, multifunctional vessel for the Portuguese Navy. This ground-breaking ship will be the first in the world to combine oceanographic research with drone deployment capabilities. This is the third vessel Alewijnse is building for the Portuguese Navy under contract with Damen. Previously, Alewijnse participated in the mid-life upgrade of the Portuguese Multipurpose (M) frigates N.R.P. Bartolomeu Dias (F333) and N.R.P. D. Francisco de Almeida (F334). However, this marks the first new-build ship that ...

North Star has secured its first contract for a commissioning service operation vessel (CSOV), a second award with EnBW, further establishing the company’s growing presence in the European offshore wind sector. This award for the newbuild Grampian Kestrel CSOV (of VARD 4 22 design), will precede the decade-long minimum charter contract the firm signed in February to provide a SOV (of VARD 407 design) for the German energy utility firm’s He Dreiht wind farm in the North Sea. With a total installed output of 960 MW, the development is currently ...

APM Terminals Maasvlakte II (MVII) will equip its terminal with shore power from 2028, providing sea-going vessels with clean energy while in port. This is a significant step in making the port of Rotterdam – and the industry – more sustainable. To make this possible, the APM Terminals has signed an agreement with Rotterdam Shore Power, a partnership between the Port of Rotterdam Authority and Eneco. Connecting the vessels to the power grid at APM Terminals MVII, will reduce CO2 emissions by almost 7,000 tonnes each year. It will also ...

China imported a near record 11.37 million metric tons of soybeans in September, customs data showed on Monday, after imports hit a record high last month. Chinese traders have ramped up buying in recent months, taking advantage of a decline in global soybean prices and in anticipation of trade tensions with the U.S. possibly intensifying if Donald Trump returns as president following the election next month. In August, imports of the oilseed swelled to a record 12.14 million tons. The hefty September arrivals were up 59% from some 7.15 million ...

China’s independent refineries, mostly in eastern Shandong province, cut their fuel oil feedstock procurement in October as the new tax deduction regulations will be effective soon, refinery and trade sources told S&P Global Commodity Insights Oct. 14. “Some refiners are still buying fuel oil as they don’t have crude import quotas, there is no other choice for them,” said an independent refinery source, adding that the volume is set to fall from September. In September, refiners imported about 1 million metric tons of fuel oil, up 21% from a month ...

China’s imports of unwrought copper rose in September from the prior month, customs data showed on Monday, due to improving seasonal demand and a better consumption outlook for the industrial metal. Imports of unwrought copper and products stood at 479,000 metric tons last month, up 15.4% from August’s imports, data from the General Administration of Customs showed. “Buying emerged in the first two weeks when prices were relatively low,” He Tianyu, a copper analyst at commodity research house CRU, said. Copper users also rachet up restocking activity in September for ...

A press report has concluded that the intensification of conflict and tensions in the Middle East could lead to a significant increase in oil prices, potentially pushing the price of a barrel to $200, especially if critical Iranian and oil facilities come under Israeli military attack. According to a report from the German network “Deutsche Welle,” oil prices have surged sharply since the recent Iranian strikes on Israel, with Brent crude increasing by 17% within a week to reach $81.16. However, prices have since fallen again after Lebanese Hezbollah announced ...

Ukraine’s grain exports through the Romanian Black Sea port of Constanta fell by half on the yearin the first nine months to 5.17 million metric tons, the port authority said, as Kyiv has increasingly relied on its own ports this year despite Russian attacks on ships and port infrastructure. Constanta remains Ukraine’s main alternative route for grain since Russia’s full-scale invasion and the port has seen an influx of European Union investment funds to boost its capacity. But Ukraine has managed to boost grain exports through its own ports by ...

Russian wheat export prices rose last week in anticipation of lower supply after an increase in the pace of exports at the start of the season, a smaller crop and strong demand from major importers. The price of 12.5% protein Russian new crop wheat scheduled free-on-board (FOB) with delivery in November was $230 per metric ton at the end of last week, up $7, Dmitry Rylko, head of IKAR consultancy said. “Еverybody is anticipating the quite limited supply from Russia in the remaining part of the season,” IKAR head Dmitry ...

The global sugar market is will flip into a deficit of nearly 2 million metric tons this season as the upcoming crop in top grower Brazil has started on a poor trajectory amid unfavourable rainfall patterns, according to Sucres et Denrées (Sucden). The trader said in a report this week that raw sugar availability from Brazil’s key Centre South region is expected to be almost 40% lower in the fourth and first quarters, versus a year ago. It noted that in the northern hemisphere, cane and beet production has responded ...

With global crop risks looming, speculators abandoned more bearish bets last week in Chicago corn and soybeans having been record short in both just three months ago. The net buying came ahead of Friday’s pivotal supply and demand data from the U.S. government, and the moves were enough to flip collective fund sentiment from bearish to bullish in U.S. grain and oilseed futures and options as of Oct. 8. The combined net long, including CBOT corn, soybeans, soy products, wheat, and both Kansas City and Minneapolis wheat, was money managers’ ...

Chicago corn and soybean futures fell for a fourth straight session on Tuesday as massive U.S. harvests continued to pour supplies on to the market and forecasts of rain in Brazil improved production prospects there. Wheat futures also slipped after the U.S. Department of Agriculture (USDA) raised its outlook for global wheat stocks on Friday, but found some support from concerns over production and shipments from the Black Sea and elsewhere. Pressuring all three was a sharp rise in the U.S. dollar this month that has made U.S. crops costlier ...

Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook andafter a media report said Israel is willing to not strike Iranian oil targets, easing fears of asupply disruption. Brent crude futures LCOc1 fell $3.51, or 4.5%,to $73.95 abarrel at 0911GMT, their lowest since Oct. 2.West Texas Intermediate futures CLc1 lost $3.48, or 4.7%, hitting$70.35 a barrel. Both benchmarks had settled about 2% lower on Monday. They are down about$5 so far this week, nearly wiping out cumulative gains made afterinvestors ...

Russia cut crude oil output in September by 28,000 barrels per day (bpd) to about 9 million bpd,the Organization of the Petroleum Exporting Countries (OPEC) said on Monday, citing data from secondary sources such as consultancies. This was slightly above the quota agreed by the OPEC+ group of leading oil producers. Under OPEC+ deals and voluntary cuts, Russia’s monthly quota stands at 8.98 million bpd. Production in August was revised down to 9.029 million bpd from 9.059 million bpd initially reported in September. The OPEC+ group of producers, comprising OPEC ...