Freight News

Oct 18 - Singapore's APEX to launch low-sulphur fuel oil contract ahead of new shipping rules 
Singapore-based Asia Pacific Exchange (APEX) will launch a low-sulphur fuel oil (LSFO) futures contract on Friday aimed at helping shipping and energy firms manage price fluctuations as stricter global marine fuel rules kick in from 2020, it said. New International Maritime Organization (IMO) regulations cutting the allowed sulphur content in shipping fuel to 0.5% from 3.5% in a bid to combat air pollution will apply from Jan. 1 next year. 

Oct 18 - Exxon, Trafigura tap lower shipping rates as U.S.-Asia arb reopens
U.S. crude exports to Asia, which have slumped due to record freight costs, stirred on Thursday as rates slid and the premium in Asia for Russia's ESPO Blend oil sent buyers back to U.S. grades, according to market sources. Oil shipping costs for United States Gulf Coast to Asia cooled this week from record highs on the prospect of more vessels becoming available. Nearly 300 oil tankers globally were placed off limits due to U.S. sanctions on Iran and Venezuela.

Oct 17 - U.S. shipping sanctions deal European refiners an unexpected boost
U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to European refiners as less crude oil from the North Sea and West Africa heads east, traders and analysts said. Freight rates have soared as oil producers scramble for non-blacklisted vessels, discouraging longer-distance voyages.

Oct 16 - U.S.-Asia oil shipping rates slip from record highs as tanker fears ease
Freight rates to ship U.S. crude to Asia eased on Tuesday from record levels as the shock of a global tanker shortage due to U.S. sanctions on a Chinese firm began to fade, according to market sources. Shipping U.S. crude to some of the largest Asian customers became unprofitable after costs rose as high as $11 a barrel in the past two weeks, threatening to crimp November shipments.

Oct 14 - Asian oil buyers grapple with rising costs as global freight rates jump 
Asian oil refiners are grappling with a jump in global freight rates that shows no sign of abating, driving up costs of crude imports from all regions in the fourth quarter, industry officials said. The cost of shipping crude from the Americas, Europe, Africa and the Middle East to Asia has surged over the past two weeks as companies shunned nearly 300 tankers on fears of violating sanctions against OPEC members Iran and Venezuela.

Oct 11 - The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit a two-week high, as vessel rates across the board continued to strengthen.

Oct 09 - Australia's Port Hedland iron ore shipments to China fall more than 5% in Sept  
Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, fell more than 5% in September from a month earlier, port data showed on Tuesday. Shipments to China totalled 36.05 million tonnes in September, down from 38.14 million tonnes in August, the Pilbara Ports Authority said.

Oct 08 - Disruptions in the global shipping industry
Oil shipping rates are soaring following a series of sanctions on a Chinese transportation giant and limitations placed on movement of Venezuelan crude oil tankers.  The cost of chartering a supertanker to send crude oil from one country to another is rising sharply. A South Korean importer paid more than $12 million in shipping costs for one crude shipment from the U.S. Gulf Coast. This was followed by Friday's tentative charter of another crude vessel by Occidental Petroleum Corp for $13.25 million to ship in November.

Oct 07 - Oil tanker rates surpass $12 mln after U.S. sanctions on Chinese firm 
Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said.  South Korea's top refiner, SK Energy, tentatively chartered the supertanker Maxim to ship U.S. crude to South Korea in November for a record $10 million earlier in the week but that fixture has since failed, the sources said. 

Oct 03 - Co-owner of Russian port terminal in talks with new investors as COFCO withdraws 
Russia's Deloports, which owns 75% of KSK grain terminal in Russia's Black Sea port of Novorossiisk, has started talks with new potential buyers of a stake in the terminal after Chinese grain trader COFCO withdrew from talks, Deloports told Reuters. KSK is one of Russia's largest Black Sea grain export terminals, which the world's largest wheat exporter is using to supply the grain to customers in North Africa and the Middle East. U.S. trade giant Cargill owns 25% minus 2 shares in it.

Oct 03 - Ships with 1 mln tonnes of grain stuck outside Iran's ports in payment crisis 
More than 20 ships carrying around one million tonnes of grain are stuck outside Iranian ports as U.S. sanctions create payment problems and hamper the country's efforts to import vital commodities, sources directly involved in the trade said. Trading companies such as Bunge and China’s COFCO International have been hit by payment delays and additional costs of up to $15,000 a day as the renewed U.S. restrictions stifle the processing of transactions, trade sources said.

Oct 03 - U.S.-Asia oil freight rate hits record high amid Chinese tanker sanctions - sources 
Freight rates for U.S. crude tankers bound for Asia hit an all-time high on Wednesday as U.S. sanctions on a Chinese transport giant cut vessel availability, traders and shipbrokers said. South Korea's top refiner SK Energy chartered a supertanker, Maxim, to ship U.S. crude to South Korea in November for $10 million, the highest price for a U.S. Gulf-to-Asia shipment ever, two sources familiar with the matter said. SK could not be reached for comment.

Sep 30 - Brazil ships corn to the U.S. for the first time in 2019 - Reuters
Brazil this week shipped 60,000 tonnes of corn to the United States, according to Refinitiv data, an unusual export destination given the North American country's status as the largest producer and exporter of the cereal. The corn was exported by Cargill, ship scheduling information showed. Cargill confirmed the shipment, declining to elaborate.

Sep 30 - British tanker docks in Dubai after detention by Iran
A British-flagged tanker that was detained by Iran for 10 weeks, docked in Dubai on Saturday, after a standoff that has stoked tensions along a vital global shipping route for oil. The Stena Impero, which sailed out of Iranian waters on Friday, was seized by Iran's Revolutionary Guards on July 19, shortly after British forces detained an Iranian tanker off the territory of Gibraltar. The Iranian ship was released in August.

Sep 27 - Global oil freight rates rocket as U.S. sanctions tanker units of Chinese giant COSCO 

- Key oil freight rates from the Middle East to Asia jumped nearly a fifth on Friday, with the global oil shipping market spooked by fresh United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran. In what the State Department called "one of the largest sanctions actions the U.S. has taken" since curbs were re-imposed on Iran in November last year, two units of COSCO were named alongside other companies in claims of involvement in sanctions-busting shipments of Iranian oil.

- Cosco Shipping Energy Transportation Co. halts share trading in Hong Kong after Washington blacklists its tankers and gas carriers for allegedly helping Iran move illicit crude cargoes. At least 50 Cosco ocean tankers will likely be affected by the U.S. ban, which warns global ports and other parties to stop doing business with the state-run, Chinese shipping behemoth. The move will also likely complicate efforts to resolve a year-long trade dispute between the U.S. and China.

Sep 27 - UK tanker held in Iran leaves Bandar Abbas port - Refinitiv data 
The British-flagged Stena Impero tanker, detained by Iran in July, has started moving and exited the Bandar Abbas port on Friday, according to Refinitiv ship-tracking data. The Stena Impero was detained by Iran's Revolutionary Guards in the Strait of Hormuz waterway for alleged marine violations two weeks after Britain seized an Iranian tanker off the territory of Gibraltar. That vessel was released in August.

Sep 26 - Shipping sector sets course for zero carbon vessels, fuel by 2030
Leading ports, banks, oil and shipping companies on Monday launched an initiative which aims to have ships and marine fuels with zero carbon emissions on the high seas by 2030, in another step by the maritime sector to reduce CO2. International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.'s International Maritime Organization (IMO), has a long-term goal to cut greenhouse gas emissions by 50% from 2008 levels by 2050.

Sep 26 - Australia allows Newcastle port to raise shipping fees
Australia will allow the major coal export hub of Newcastle to raise its shipping charges on Tuesday after Treasurer Josh Frydenberg let stand a recommendation by a competition regulator that will let the port set higher fees. Newcastle, in the state of New South Wales, is an export hub for thermal coal from the Hunter Valley, where Glencore ships out the vast majority of the nearly 60 million tonnes it produces in the region. Yancoal Australia and Whitehaven Coal also both use the port.

Sep 26 - Trafigura bets on shipping stocks in Scorpio share deal
Scorpio Tankers has agreed to acquire Trafigura subsidiaries that have leasehold interests in 19 ships in an all-share transaction worth $803 million, the companies said on Tuesday. The deal is the latest move by commodities trader Trafigura to convert its investments in ship leases and ships that transport its commodities into shares of shipping companies.

Sep 26 - IMO 2020 to boost gasoil demand by 1.2 mln bpd - WoodMac
A switch to cleaner marine fuels in the shipping industry from next year would create more than a million barrels per day (bpd) of incremental demand for marine gasoil, Wood Mackenzie Research Director said at an industry conference on Thursday. New regulations from the International Maritime Organization (IMO) will require shippers to reduce the sulphur content in fuels used in their vessels starting from Jan. 1, 2020, and one way to do that is to switch to low-sulphur gasoil.

Sep 25 - COFCO to invest more in Brazil, but will be selective, says exec
Chinese state-owned commodities trader COFCO INTL plans to continue to invest in Brazil in the near future after having quickly achieved a significant position in the local commodities market, but will be very selective in choosing next targets. COFCO sources and trades grains, oilseeds, sugar, coffee and cotton in Brazil, where it hosts most of its 36 Latin American warehouses, eight food processing plants and 10 port terminals.

Sep 24 - British tanker Stena Impero free to leave - Iran ambassador to UK 
The detained British-flagged tanker Stena Impero is "free to leave," Iran's ambassador to the United Kingdom, Hamid Baeidinejad, said on Twitter on Monday. "The British-flagged tanker 'Stena Impero', pursuant to the completion of the judicial and legal process, is now free to leave," he wrote.

Sep 23 - Iranian maritime official says UK tanker Stena Impero to be released soon - Fars news 
Stena Impero, the British-flagged tanker detained by Iran on July 19, will be released soon, an Iranian maritime official said on Sunday, according to the semi-official Fars news agency. The Stena Impero was detained by Iran's Revolutionary Guards in the Strait of Hormuz waterway for alleged marine violations, two weeks after Britain seized an Iranian tanker off Gibraltar. That vessel was released in August.

Sep 19 - Nickel mining indefinitely suspended in southern Philippines - official
A nickel mining hub in the southern Philippines, which produces mostly high-grade material, has suspended extraction operations indefinitely as the regional government conducts an industry audit, a top government official told Reuters on Monday. The government of Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has suspended operations of all four mining companies in its jurisdiction, said Environment, Natural Resources and Energy Minister Abdulraof Abdul Macacua.

Sep 19 - Strategie Grains raises EU wheat harvest, export outlook again
Strategie Grains increased its forecasts sharply for EU soft wheat production and exports for the second month in a row, pointing to strong harvest results in France and Britain and brisk shipments from Romania and Bulgaria. The French-based consultancy now sees 2019/20 soft wheat production in the 28-country European Union at 144.5 million tonnes, up from 142.9 million tonnes projected in August and about 14% above last year's drought-hit crop, it said in a monthly grain report.

Sep 18 - Australia's New Hope flags coal market volatility, Queensland slowdown 
Australian coal producer New Hope Corp Ltd on Tuesday said coal markets would likely remain volatile in the near term though demand is strong for high-quality thermal coal across Asia, as it posted a 41% rise in annual net profit. The firm also forecast lower production volume from operations in Queensland state in the year through July due to delayed approvals for its Acland Stage 3 project and the pending closure of its Jeebropilly mine. It said it has begun the redundancy process for 150 employees due to the delay.

Sep 18 - Ukraine sea ports get right to limit wagons receipt - railways
Ukrainian ports have obtained the right to limit the receipt of freight grain wagons if they do not have space for processing them, the head of state railways of Ukraine Evhen Kravtsov said. Ukraine exports around 95% of its grain via sea ports.

Sep 18 - Morocco to cut soft wheat customs duty to 35% from October - source, draft decree 
Morocco will reduce its customs duty on soft wheat to 35% from 135% from Oct. 1 to ensure price stability and regular supply to the domestic market, according to a government source and a draft government decree seen by Reuters. The North African country's soft wheat reserves are expected to drop to 1.5 million tonnes by the end of September, covering 2.7 months of the needs of industrial millers, the draft decree said.

Sep 17 - Australia lowers wheat export forecast by 7.7% on drought
Australia on Tuesday lowered its forecast for wheat exports for the 2019/20 season by 7.7% as a prolonged drought wilts supplies. The reduction comes after Australia's chief commodity forecaster last week cut its production forecast for the 2019/20 harvest by nearly 10% as the drought leaves crops struggling to survive. 

Sep 17 - Algeria buys up to 600,000 tonnes of wheat in mixed signal for French trade
Algeria's state grains agency bought up to 600,000 tonnes of wheat in its latest import tender, traders said on Wednesday, a large purchase that failed to dispel concern in France that its main export client could buy less wheat this season. In a tender held on Tuesday, the OAIC agency purchased about 600,000 tonnes of milling wheat at around $211 a tonne, including cost and freight (C&F), several traders said.

Sep 16 - Ukraine halves sea port wheat shipments - analyst APK-Inform 
Ukrainian grain exports from sea ports fell to around 881,000 tonnes during the week of Sept. 7-13, from 1.6 million tonnes a week earlier due to a smaller wheat shipments, preliminary data from APK-Inform consultancy showed on Monday. Wheat exports fell to 621,000 tonnes from 1.28 million tonnes in the previous week, while barley shipments rose to 253,000 tonnes from 227,000 tonnes, the consultancy said.

Sep 13 - IEA lowers shipping fuel demand outlook as global trade slows 
Slowing global trade will lead to weaker growth than previously expected in oil demand from the shipping sector next year despite a shift to cleaner fuel, the International Energy Agency said on Thursday. The international energy watchdog's monthly report said it expects overall demand for shipping fuel, known as bunker fuel, to grow by only 0.4% in 2019 and 3.7% in 2020.

Sep 12 - Australia's Port Hedland iron ore shipments to China jump 10% in Aug
Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, rose more than 10% in August from a month earlier, port data showed on Friday. Shipments to China jumped to 38.14 million tonnes in August from 34.53 million tonnes in July, the Pilbara Ports Authority said. 

Sep 11 - DP World’s Topaz and P&O to complete merger by year-end 
Port operator DP World's planned merger of its P&O Maritime and recently acquired Topaz Energy and Marine businesses is expected to be completed by the end of the year, Topaz CEO Rene Kofod-Olsen said on Monday. DP World bought Dubai-based oil services company Topaz in July with the intention of combining it with P&O Maritime as part of efforts to diversify beyond its core port operations to other marine-related sectors.

Sep 10 - Polish coast guard boards Greenpeace ship in coal protest
Armed Polish border guards boarded a Greenpeace ship blocking a delivery of coal in the port of Gdansk late on Monday and detained two activists, officials said on Tuesday. The environmental group said it staged the protest to highlight Poland's continued dependence on air-polluting coal and to pressure it to phase out coal as a source of energy by 2030.

Sep 09 - Miners welcome Indonesian export ore ban, plan smelting expansion
Large mining companies on Wednesday welcomed a recent decision by the Indonesian government to move forward a ban on exporting nickel ore, as the firms aim to increase smelting output. Top nickel ore supplier Indonesia last month said the country will stop ore export from Jan. 1, 2020, pushing forward a ban by two years and raising concerns of supply shortage as well as causing financing issues for smaller players.

Sep 05 - Benghazi port bustling again despite Libya's divisions
The commercial port in Libya's second city Benghazi is working round the clock three years after reopening, attempting to raise revenues for its restoration and expansion. The port was caught in the crossfire as rival factions battled for control of Benghazi from 2014 in a conflict that left parts of the eastern Libyan city in ruins. 

Sep 05 - Piraeus Port beefs up investment plan, awaits Greece's approval
Piraeus Port Authority (PPA), operator of Greece's largest port, has increased its investment plans to attract more business at one of Europe's largest harbours, a government spokesman said on Wednesday. PPA, majority owned by China's COSCO Shipping, has submitted to Greece's shipping ministry an 800-million-euro plan, government spokesman Stelios Petsas told reporters.

Sep 05 - Drought brings clouds for Australia wheat, silver lining for Black Sea suppliers
A third straight year of drought in Australia, blighted by forecasts of below-average rains during the crucial spring growing season, means the country's wheat crop could shrivel by 10% from previous forecasts, traders and industry officials say. And the gloomy prospects for wheat output in Australia, once the world's leading supplier, offers a silver lining to rival Black Sea grain producers such as Russia and Ukraine seeking business in rapidly growing Asian markets.

Sep 05 - Argentine oil workers at grains port begin strike - union
An Argentine union for oil workers has kicked off a national strike over wages, complicating grains crushing and exports in the main agricultural province of the South American country. The strike, which began late Wednesday, will impact the southern area of the main Rosario grains port. However, it will not affect the northern area of Rosario, made up of San Lorenzo, Puerto General San Martin and Timbues districts, which accounts for 80 percent of Argentina's grains exports.

Sep 04 - Brazil expected to introduce tariff-free wheat import quota from 2020 - group
Brazil is expected to introduce a tariff-free wheat import quota of 750,000 tonnes per year starting from 2020, the president of the country's wheat industry group Abitrigo, Rubens Barbosa, said on Tuesday. Brazil announced the opening of the tariff-free wheat import quota earlier this year in connection with President Jair Bolsonaro's visit to the United States, with U.S. wheat producers seen as potential beneficiaries, although the policy has yet to be instituted.

Sep 04 - Russia expands its largest coal port, sends cargo to India
Russia has launched the third export line at its largest coal terminal in the Far East region, loading the first cargo for Indian company JSW Steel, Vostochny Port said on Thursday. Russia and India are forging closer ties amid chilling relations between Moscow and the West over the Ukrainian crisis, Moscow's alleged meddling in the elections in the United States and other issues.

Sep 04 - Saudi Arabia seeks wheat in first tender open to Russia
Saudi Arabia's state grain buyer SAGO said on Thursday it was seeking 595,000 tonnes of wheat in an international purchasing tender, the first to allow wheat offers from the Black Sea region. The purchase will be the first since Saudi Arabia said it would relax bug damage parameters in hard wheat specifications to allow the import of Black Sea wheat, including from Russia. 

Sep 03 - Brazil ships record corn volume in August; ethanol also jumps
Brazil shipped 7.65 million tonnes of corn in August, the highest monthly amount ever, raising this year's exports to 23 million tonnes as traders took advantage of a record local crop and a favorable exchange rate, government data showed on Monday. Brazil corn exports in August surpassed the previous monthly record posted in July and were more than double the 2.9 million tonnes shipped in the same month a year earlier.

Sep 02 - Philippine nickel miners to boost ore output as Indonesia sets ban on shipments
Philippine nickel miners are expected to boost ore production next year when Indonesia bans exports of the raw material used in stainless steel and batteries, the head of the local nickel miners' lobby group told Reuters on Monday. "This supposed export ban from Indonesia will boost production from the local miners, particularly next year once it takes effect simultaneous with the start of the mining season," Dante Bravo, president of the Philippine Nickel Industry Association, said.

Sep 02 - Indonesia to stop nickel ore exports in January 2020 - official
Indonesia will effectively stop nickel ore exports from Jan. 1, 2020, Bambang Gatot Ariyono, the mining ministry's director general for coal and minerals, said on Monday, as the country moves ahead with efforts to process more of resources at home. The ban will be two years ahead of the initial schedule and will only apply to nickel ore exports, Ariyono told reporters, adding that exports of bauxite and copper concentrates can continue until 2022 as per the current rule.

Aug 29 - China to impose extra tariffs on U.S. soy, beef and pork 
China said on Friday it will impose more tariffs on U.S. agricultural goods, its latest retaliatory measure aimed at Midwestern states whose voters helped elect President Donald Trump in 2016. As China's government had already banned companies from buying U.S. farm goods, the tariffs were seen as mostly symbolic. Still, escalating tensions concerned a farm sector that has lost a key export market and seen incomes plummet.

Aug 28 - China's coal demand to peak around 2025, global usage to follow - report 
China's coal demand will start to fall in 2025 once consumption at utilities and other industrial sectors reaches its peak, a state-owned think tank said in a new report, easing pressure on Beijing to impose tougher curbs on fossil fuels. The world's biggest coal consumer is expected to see total consumption fall 18% from 2018 to 2035, and by 39% from 2018 to 2050, the CNPC Economics and Technology Research Institute, run by the state-owned China National Petroleum Corp (CNPC), forecast in a report on Thursday.

Aug 27 - Price agency Platts to start LNG bunker fuel assessments ahead of IMO 2020 
Price reporting agency S&P Global Platts plans to launch its first assessments for prices of liquefied natural gas (LNG) bunker fuel ahead of new shipping rules taking effect from next year which limits the sulphur content of marine fuel. Companies are exploring cleaner fuel options such as LNG because of a mandate from the International Maritime Organization that requires ships to either use marine fuel, known as bunker fuel, with a maximum of 0.5% sulphur, down from 3.5% currently, or to install pollution-removing devices known as scrubbers. The new rules will go into effect on Jan. 1, 2020.

Aug 26 - After $1.2 bln outlay, Brazil's Hidrovias exploring expansion options - exec 
Brazil's Hidrovias do Brasil SA, one of the country's largest logistics operators, is mulling options to grow its northern and southern river transportation businesses as it braces for a second wave of expansion, a company executive said in an interview. In the past nine years, Hidrovias has invested $1.2 billion to set up waterway logistics infrastructure in the Amazon river basin and in the Paraná-Paraguay river system. In those systems it moves grains, iron ore, bauxite and pulp, among other commodities.

Aug 23 - France loading rare wheat shipment for China - sources 
A vessel was loading wheat for export to China at the northern French port of Dunkirk on Monday, according to shipping sources and data, in what would be the first such shipment since last year. The Sotka bulk carrier was due to load around 57,000 tonnes of grain destined for the southern Chinese city of Guangzhou, port data showed.

Aug 22 - BHP says U.S.-China trade spat not yet hurting demand for its commodities 
Top global miner BHP Group said on Tuesday the U.S.-China trade war is not yet affecting demand for its commodities. While the trade dispute was putting a dampener on global economic growth, it had not yet affected demand for BHP's commodities such as iron ore, copper and coal in China, its biggest customer, Chief Executive Andrew Mackenzie said.

Aug 21 - EU plans to cut steel import quotas after industry protests 
The European Commission has proposed boosting measures to protect against a rise in imports spurred by U.S. tariffs after steel companies said the European industry was under threat. The Commission said in a statement on Wednesday it planned to cut an increase in import quotas to 3% from 5% effective from Oct. 1. 

Aug 21 - Romanian wheat cannot meet Algeria's bug damage threshold 
Romanian wheat from this year's harvest is "effectively barred" from Algeria's import tenders due to a strict, 0.1% limit on bug damage, a trading house in southern Romania said on Monday. "That's a really crazy bug content threshold. No Romanian wheat can meet this requirement as the last period was marred by drought here, helping bug levels to pick up," the head of a large trading house told Reuters.

Aug 19 - Ukraine 2019/20 grain exports reach almost 7 mln T - ministry 
Ukraine's grain exports have risen to around 6.98 million tonnes so far in the 2019/20 July-June export season, up from 4.73 million tonnes at the same time last year, the agriculture ministry said on Thursday. The volume includes 3.7 million tonnes of wheat, 1.6 million tonnes of barley and 1.68 million tonnes of corn, the statement said.

Aug 19 - Imports of Chinese steel racks injure U.S. industry - U.S. ITC 
Subsidized steel rack imports from China have materially harmed U.S. industry, the U.S. International Trade Commission found on Tuesday, locking in the Trump administration's duties on such products in the worsening U.S.-China trade war. The ITC said it would release a full report on the issue by Sept. 27. The commission published no details on the value of U.S. producers' shipments of steel racks, saying that would amount to disclosure of proprietary data.

Aug 19 - Dirty shipping fuel margins plunge as cleaner fuel rules loom
Margins for European high sulphur fuel oil (HSFO), used to power ships, sank this week as preparations for a global shift to cleaner maritime fuel next year start to weigh on prices. High sulphur fuel oil is one of the dirtiest and cheapest products to come out of a refinery. It is used in power generation but has been the fuel of choice in global shipping for decades.

Aug 16 - Copper exports resume from Peruvian port of Matarani - port operator 
Copper exports from the port of Matarani have resumed after anti-mining protests that had blocked key infrastructure in the country's southern copper belt eased over the weekend, a spokeswoman for the port operator said on Tuesday. Shipments from four mines that produce about half of Peru's copper - Freeport-McMoRan Inc's Cerro Verde deposit, MMG Ltd's Las Bambas, Glencore PLC's Antapaccay and Hudbay Mineral's Constancia - had been suspended for nearly three weeks due to the unrest. 

Aug 16 -  Maersk warns trade war could hurt container business 
A.P. Moller-Maersk warned a trade war between the United States and China could curb container traffic this year after the world's largest container shipping company beat second-quarter profit expectations. Maersk said the escalating trade dispute between Washington and Beijing could limit growth in global container traffic to the lower end of its 1% to 3% guidance range this year, after growth of around 2% between April and June.

Aug 16 -  China issues import quotas for 87,680 T of copper scrap 
China on Wednesday issued a third batch of quotas for imports of recently restricted type of scrap metals, including another 87,680 tonnes of high-grade copper scrap, as the world's top metals consumer continues to tightly control waste shipments. The quotas are being closely watched amid concerns that China is leaving itself short of a key supply source by curbing scrap imports. Copper scrap accounted for around 10% of China's total copper consumption last year.

Aug 15 -  Indonesia's president to decide whether ore export ban to be brought forward 
Indonesia's President Joko Widodo will make the final decision on whether the country brings forward an export ban on mineral ore, the minister in charge of mining said on Tuesday. The ban is currently due to come into force in 2022. "The president's decision is expected some time in the future," Luhut Pandjaitan, coordinating minister for maritime affairs and responsible for the mining ministry, told reporters on Tuesday. "We are awaiting the president's order."

Aug 15 - Gibraltar to release Iranian oil tanker on Thursday - Sun newspaper 
The British territory of Gibraltar will on Thursday release an Iranian oil tanker seized by Royal Marines in the Mediterranean in July, the Sun newspaper reported, citing sources close to Gibraltar Chief Minister Fabian Picardo. Picardo would not apply to renew an order to detain Grace 1, the report said, adding that he is now satisfied that the oil tanker is no longer heading to Syria.

Aug 14 - Trafigura in ship fuel venture with Frontline, Golden Ocean 
Commodities trader Trafigura is joining forces with shipping firms Frontline and Golden Ocean to supply marine fuel ahead of a shake up in regulation which could disrupt delivery and cause prices to spike. The three companies said on Tuesday the joint venture is expected to start operating in the third quarter, subject to agreement on final terms.

Aug 08 - Saudi buyer eases rules, opens door to Black Sea grain
Saudi Arabia's state grain buyer SAGO will relax its bug-damage specifications for wheat importsfrom its next tender, it said on Thursday, in a move seen opening the door to Black Sea imports. SAGO is relaxing its limits for bug-damage in hard wheat to 0.5% from 0% from its next tender, governor Ahmad Al Fares told Reuters.

Aug 07 - China halts purchase of U.S. farm products 
China has halted its purchases of U.S. agricultural products and will not rule out levying import tariffs on American farm imports purchased after Aug. 3, the Chinese Commerce Ministry said early on Tuesday. The moves by China represent the latest escalation in its trade row with the United States that has unnerved global markets and investors.

Aug 07 - China might escort ships in Gulf under U.S. proposal - envoy 
China might escort Chinese commercial vessels in Gulf waters under a U.S. proposal for a maritime coalition to secure oil shipping lanes following attacks on tankers, its envoy to the United Arab Emirates said on Tuesday. "If there happens to be a very unsafe situation we will consider having our navy escort our commercial vessels," Ambassador Ni Jian told Reuters in Abu Dhabi.

Aug 06 - Iran says will not tolerate "maritime offences" in Gulf
Iran runs security in the Strait of Hormuz and will no longer tolerate "maritime offences" there, its foreign minister said on Monday, a day after it seized a second oil tanker near the strategic waterway that it accused of smuggling fuel. Tanker traffic through the Strait has become a focus for an increasingly tense standoff between Washington and Tehran, into which Britain has also been dragged, and the United States has beefed up its military presence in the Gulf since May.

Aug 05 - Iran seizes Iraqi oil tanker smuggling fuel in Gulf - TV
Iranian Revolutionary Guards seized an Iraqi oil tanker in the Gulf which they said was smuggling fuel and detained seven crewmen, Iran's state media reported on Sunday, in a show of power amid heightened tension with the West. The vessel was intercepted near Iran's Farsi Island in the Gulf, Iran's semi-official Fars news agency said. The elite Revolutionary Guards Corps (IRGC) has a navy base on Farsi Island which is located north of the Strait of Hormuz.

Aug 02 - Canal Sugar to build grains terminal in Egypt's Damietta
Canal Sugar, owned by Dubai-based Al Khaleej Sugar Refinery, plans to build a pier and grains terminal in Egypt's port city of Damietta with $200 million in investments, its CEO said on Tuesday. The new terminal will have discharge capacity of 3,000 tonnes of grains per hour, CEO Islam Salem told a news conference.

Aug 01 - Iranian ship Bavand sets sail from Brazil, second vessel following soon 
An Iranian ship called Bavand, which had been at the heart of a geopolitical spat between Brasilia and Tehran, set sail from Brazil on Monday after receiving fuel from state-run Petroleo Brasileiro, the port of Paranaguá said. Meanwhile, a second Iranian ship, the Termeh, which set sail from Paranaguá port two days ago, was on Monday heading to the southern Brazilian port of Imbituba, where it is due to pick up a shipment of corn before heading back to Iran.

Aug 01 - Indonesia will not enforce IMO low-sulphur fuel rules on domestic fleet 
Indonesia will not enforce new global rules mandating low-sulphur marine fuels on its domestic shipping fleet because of the high cost of cleaner fuel, an official from the country's Ministry of Transportation said this week. Under International Maritime Organization (IMO) rules that come into effect in 2020, ships will have to use fuel with a maximum 0.5% sulphur content, down from 3.5% now, unless they are equipped with so-called scrubbers to remove the sulphur from the vessel's emissions.

Jul 31 - China's Australian coking coal imports double in June from May 
China's imports of Australian coking coal, a key raw material for steel-making, doubled in June from a month earlier despite persistent restrictions at Chinese ports, official data showed. Arrivals of Australian coking coal were at 2.82 million tonnes last month, more than double the 1.38 million tonnes in May, according to data released by the General Administration of Customs late Saturday.

Jul 31 - Ukraine's July 20-26 sea port grain exports fall on week - APK-Inform 
Ukrainian grain exports from sea ports during the week of July 20-26 decreased to 724,000 tonnes from 970,000 tonnes a week earlier due to a smaller corn shipments, preliminary data from APK-Inform consultancy showed on Monday. Corn exports fell to 79,000 tonnes from 405,000 tonnes the previous week, while wheat shipments increased to 392,000 tonnes from 390,000 tonnes, the consultancy said. The export of barley jumped to 254,000 tonnes from 175,000 tonnes.

Jul 30 - U.S. wants ships to keep their tracking devices on - senior official 
The United States wants all ships to keep their tracking transponders on to cut down on illicit activity and smuggling, and to increase transparency with movements of ships around the world, a senior State Department official told Reuters. Automatic identification systems trackers are the most accessible way of observing where ships are located.

Jul 26 - Saudi Arabia aims to expand pipeline to reduce oil exports via Gulf
Saudi Arabia aims to raise the capacity of its east-west pipeline by 40% in two years so more of its oil exports can avoid passing through the Strait of Hormuz, the energy minister said on Thursday. Khalid al-Falih also told Reuters that importers should, as a first immediate step, secure shipments through the strategic waterway at the mouth of Gulf, after attacks on oil tankers in the area and the seizure of a British-flagged ship by Iran.

Jul 26 - Flags of inconvenience - noose tightens around Iranian shipping
Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own. The ship carrying 2 million barrels of Iranian crude was seized by British Royal Marines off Gibraltar, raising tensions in the Gulf where Iran detained a UK-flagged ship in retaliation.

Jul 26 - Britain begins escorting all UK vessels through Hormuz Strait
Britain has started sending a warship to accompany all British-flagged vessels through the Strait of Hormuz, a change in policy announced on Thursday after the government previously said it did not have resources to do so. Tensions have spiked between Iran and Britain since last Friday when Iranian commandos seized a British-flagged tanker in the world's most important waterway for oil shipments. That came two weeks after British forces captured an Iranian oil tanker near Gibraltar, accused of violating sanctions on Syria.

Jul 25 - Rotterdam port traffic hits record, but slowdown expected 
Trade volumes at the port of Rotterdam reached a record in the first half of the year, as Europe's largest port handled more container goods and imports of oil and liquefied natural gas (LNG). The Dutch port was cautious about prospects for the rest of the year, however, as international trade tensions and the uncertainty surrounding Brexit look set to curb traffic in the months to come.

Jul 25 - French grain alliance set for battle with Black Sea wheat 
A French export alliance of grain cooperatives to take on the challenge of Black Sea supplies may not be enough to stop the EU's top exporter losing the vital Algerian market to Russian wheat, traders and analysts said. The unveiling this month of Grains Overseas, an unprecedented alliance in which InVivo, Axereal and NatUp will combine soft wheat and feed barley exports outside the European Union, is a response to booming Russian and Ukrainian shipments. 

Jul 25 - Egypt inks $14 mln deal to build two wheat silos in Port Said 
Egypt inked a $14 million agreement with the OPEC Fund for International Development (OFID) to build two wheat silos in Port Said, the cabinet said on Wednesday. The project aims to raise Egypt's port storage capacity for imported wheat by around 15%, Supply Minister Ali Moselhy said.

Jul 25 - Pirates steal cash and shoes in Korean cargo ship robbery 
Pirates attacked a South Korean-flagged cargo ship in the South China Sea early on Monday, stealing thousands of dollars in cash and even the sailors' shoes, South Korean authorities said. Two people sustained minor injuries when seven pirates boarded the CK Bluebell and made off with $13,000 and belongings including mobile phones, clothes and shoes from the 22-strong crew, officials from the oceans and fisheries ministry said.

Jul 25 - Counting down to 2020, Singapore's Ocean Tankers tests IMO-compliant fuel
Off the coast of Singapore, the world's largest ship refuelling centre, a bunker barge sidled next to the supertanker Pu Tuo San to fill the giant vessel with a new type of fuel that will meet global standards that start up in January. With a little over five months left until stricter marine fuel rules come into effect, shippers such as Singapore's Ocean Tankers that own the very large crude carrier (VLCC) Pu Tuo San have started testing out lower sulphur fuel to prepare their fleet for the transition.

Jul 18 - IMO agrees on stricter efficiency targets for some ships
The International Maritime Organization (IMO) on Friday agreed stricter energy efficiency targets for certain types of ships in an effort to speed up action to cut the sector's emissions. The IMO's Marine Environment Protection Committee has been meeting in London this week to discuss tougher rules on sulphur emissions and other measures towards meeting a long-term goal of cutting greenhouse gas emissions by 50% from 2008 levels by 2050. 

Jul 18 - Romanian union says strike averted at ADM Constanta grain silos
The union representing workers at ADM's North Star Shipping grain silos in Romania's Black sea port of Constanta said on Monday an indefinite strike scheduled to start on July 15 had been averted after reaching an deal on wages. An indefinite strike at the Constanta port silos could have severely impacted grain supplies to Egypt, the world's largest wheat importer, and where ADM is an active exporter.

Jul 18 - Singapore fuel inventories hit eight-month low ahead of IMO fuel switch 
Oil product inventories in the Singapore storage and trading hub fell to an eight-month low in the week ended July 17, official data showed, in one of the latest signs that suppliers are gearing up for rule changes to make marine fuel cleaner. Singapore onshore stocks of petroleum products, which include gasoline, diesel, jet fuel and residual fuel oil, came in at 38.372 million barrels, down from 41.725 million barrels in the previous week and their lowest since the week ended Nov. 14 last year, data from Enterprise Singapore showed on Thursday.

Jul 18 - Australia's Port Hedland iron ore shipments to China jump 11% in June
 Iron ore shipments to China from Australia's Port Hedland terminal rose more than 11% in June from a month earlier, port data released on Wednesday showed. Iron ore shipments to China from the world's biggest iron ore port totalled 42 million tonnes in June, compared with May's 37.8 million tonnes, the Pilbara Ports Authority said.

Jul 18 - Weaker scrubber demand takes shine off Alfa Laval's results
Sweden's Alfa Laval reported a fall in quarterly orders on Wednesday on weaker-than-expected demand for ship exhaust cleaners and pumping systems, sending its shares sharply lower. Demand for so-called scrubbers which strip out sulphur from marine fuel has boosted the engineering group as well as Wartsila in the past few years as shipowners prepared for stricter sulphur emissions regulations from next year.

Jul 18 - Indonesia will enforce 2022 ban on raw mineral ore exports - official
A senior Indonesian mining ministry official pledged on Thursday that authorities would enforce a ban on the export of raw ore exports by 2022 to make miners process minerals in the country. Based on a 2017 mining regulation, Indonesia is due to stop allowing the export of unprocessed ore starting Jan. 12, 2022, after giving miners a five year period to build smelters onshore.

Jul 18 - War risk costs drag on UAE marine fuelsales, benefit Singapore - trade
Shippers trying to minimise time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates' (UAE) Fujairah oil hub, trade sources said. Instead, they are turning primarily to Singapore, the world's top refuelling hub, to buy marine fuels, also known as bunkers, with some diverting to smaller bunkering ports, including in India and Sri Lanka, the sources said.

Jul 18 - Two Chinese ports halt customs clearances for coal imports - sources 
Chinese customs is no longer permitting coal cargoes to enter the country at the ports of Jingtang and Caofeidian, said three coal traders, who were told by customs officials of the halt on Tuesday. Customs officials at the port of Jingtang, one of China's biggest coking coal import points, and the neighbouring port of Caofeidian said they would halt customs declearation services from July 16 until further notice, the traders said on Wednesday.

Jul 17 - Asia refiners test the waters with exports of IMO 2020-compliant fuel 
Refineries in Taiwan and South Korea are testing the market for fuels that meet new rules for low-sulphur ship fuel starting next year, exporting some cargoes of very low-sulphur fuel oil (VLSFO) this month. Oil market participants are uncertain what kind of fuel product shipping companies will use to meet the International Maritime Organization's (IMO) 0.5% sulphur standard for ship fuels starting in 2020. The VLSFO shipments demonstrate that this type of fuel is a viable option that refineries could readily market.

Jul 17 - Freight fuel prices subdued as economy outweighs IMO: Kemp 
Refining margins for diesel and gasoil delivered next year are wilting as concerns about a recession-driven drop in consumption replace earlier fears about a shortage in fuel availability caused by new maritime regulations. Until recently, distillate consumption was expected to rise substantially from the start of next year as a result of new marine pollution rules introduced by the International Maritime Organization (IMO).

Jul 15 - Freight volumes shrink as world economy stalls: Kemp 
Freight volumes in the United States and around the world are falling, signalling tougher times for manufacturers amid escalating trade tensions and heightened uncertainty. Freight volumes in the United States were up by just 0.8% in the three months from March to May compared with the same period a year earlier, according to the Bureau of Transportation Statistics.

Jul 10 - Dry freight rates to ride high on ship fuel refits - Cargill
With the world's largest dry cargo ships coming out of service for refits to comply with tougher rules on emissions, charter rates are expected to remain strong, a top Cargill executive said, after posting 7-fold gains already this year. "There are a lot of ships - especially on the capesizes - that will go into scrubber fitting which basically means they will be out of service for at least 25 days each to do so," Jan Dieleman, president of trading firm Cargill's ocean transportation business, told Reuters.

Jul 10 - Britain to order ships with zero emission technology from 2025 
Britain's government on Thursday said all new ships ordered from 2025 and aimed for its waters must be equipped with zero emission technology, as part of a new plan to cut maritime pollution. Britain last month announced a target to reach net zero greenhouse gas emissions by 2050, making it the first among the major G7 countries to set such a goal. 

Jul 09 - Eastern Libya, U.S. firm close to signing Libya port deal 
Eastern Libyan authorities and U.S. security firm Guidry Group plan to finalise an agreement to develop a major port in the east of the troubled oil producer, both sides said. Talks have been going on for about a year to build a port in Susah, which would mark a rare sign of investment in Libya. Most of the country has been in chaos since the toppling of Muammar Gaddafi in 2011.

Jul 08 - French grain cooperatives forge export alliance to revive fortunes 
Three of France's largest agricultural groups have formed a grain export joint venture in an attempt to improve their competitiveness in overseas markets increasingly dominated by Black Sea producers like Russia and Ukraine. Cooperative groups InVivo, Axereal and NatUp have established the Grains Overseas unit with the aim of shipping 4 million tonnes of soft wheat and feed barley per year outside the European Union, they said in a statement on Thursday.

Jul 05 - Ukraine's sea port grain exports rise last week - APK-Inform 
Ukrainian grain exports from sea ports rose to 784,000 tonnes in the first week of the 2019/20 July-June season from 500,000 tonnes a week earlier, preliminary data from the APK-Inform consultancy showed on Monday. Corn exports rose to 633,000 tonnes by July 5 from 414,000 tonnes in the previous week, while wheat shipments increased to 74,000 tonnes from 59,000 tonnes, the consultancy said.

Jul 04 - Shipping firms drop British flag as Brexit risks loom 
Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say. All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. Shipping companies in many so-called "flag states" pay corporation tax based on vessel tonnage rather than profit.

Jul 04 - Hapag-Lloyd, ONE join peers in shipping blockchain platform 
German container group Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) are to join peers in a blockchain platform aimed at limiting the industry's costly paper trail. The two companies will join market leaders Maersk, Mediterranean Shipping Co (MSC) and French-based CMA CGM on the platform, meaning that more than half of all cargo shipped by sea will be tracked using it.

Jul 03 - Four trade houses buy record-large raw sugar delivery - traders 
Sucres et Denrees (Sucden), Alvean, ED&F Man, and Louis Dreyfus Company scooped up the delivery of the July raw sugar against ICE Futures U.S. contract that expired on Friday in the largest delivery on record, traders said. The delivery against the July raw sugar contract on ICE Futures U.S. totaled about 41,500 lots, about 2.1 million tonnes of raw sugar, three traders told Reuters.

Jul 03 - China copper importers seek new metal sources as scrap crackdown bites 
Chinese copper buyers are hunting for alternative sources of the commodity as ramped-up restrictions on imports of high-grade copper scrap kick in on Monday in the world's top consumer of the metal. China has been gradually curbing imports of scrap, which accounted for 10% of its copper use in 2018, in a campaign against shipping foreign solid waste into the country.

Jul 02 - EU, Mercosur strike trade pact, defying protectionist wave 
The European Union and South American bloc Mercosur agreed a free trade treaty on Friday, concluding two decades of talks and committing to more open markets in the face of a rising tide of protectionism. The EU becomes the first major partner with which Mercosur has struck a trade pact, offering EU firms a potential head start. The European Union is already Mercosur's biggest trade and investment partner and its second largest for goods trade.

Jul 02 - Ukraine's sea port grain exports fell sharply last week -APK-Inform 
Ukrainian grain exports from sea ports fell sharply last week to 304,000 tonnes, from 772,000 tonnes a week earlier, preliminary data from the APK-Inform consultancy showed on Monday. Corn exports plunged to 259,000 tonnes over June 22-28, from 689,000 tonnes in the previous week, while wheat shipments increased to 39,000 tonnes from 31,000 tonnes, the consultancy said.

Jul 01 - EU clears 162,000 tonnes of Ukrainian barley imports under quotas
The European Union awarded in the week ending June 21, licences to import 162,000 tonnes of Ukrainian barley under annual tariff-free quotas, data published by the European Commission showed. The award marked the second significant volume so far to be booked from the 2019 Ukrainian barley quota. Nearly 102,000 tonnes were cleared the previous week.