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OVERSUPPLY ISSUES IN SHIPPING
Oil prices dive as more tankers move through Strait of HormuzCrude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, ...- Sweet trouble: World’s top chocolate maker issues warning as shares sink 17%Barry Callebaut profit warning shocks markets. Shares crash 17% in hours. Cocoa prices collapse over 40% this year. The world’s largest cho...
- Shipping firms face tough 2026 as reopening of Red Sea loomsGlobal container liners anticipate reduced profits in 2026 as the potential Red Sea route reopening threatens to depress freight rates. Ana...
- Oil market may absorb Maduro shock as global supplies swellThe capture of Venezuelan President Nicolas Maduro following US airstrikes is unlikely to significantly disrupt the global oil market. Vene...
- Iran-Israel conflict: Ceasefire or not, the world is swimming in oilDespite fears of supply disruptions following the Israel-Iran conflict, a surge of Persian Gulf crude is entering an already oversupplied g...
- Canada prepares potential tariffs on Chinese EVs after US and EU movesCanada prepares new tariffs on Chinese electric vehicles to align with US and EU actions. Pressure on Trudeau to follow Biden's lead. Conce...
- Is the global supply chain crisis over? NY Fed says yes, stakeholders in India remain scepticalA recent announcement by the Federal Reserve Bank of New York claims global supply chains are returning to normal levels. However, several ...
- Inefficient and expensive, India’s dry ports are dying. Reviving them can bolster the trade backboneFor decades, dry ports have shared the goods and supply chain burden with seaports. But their role is diminishing in today’s trade ecosyste...
- Major shipping firm sees signs of supply chain bottlenecks easingAs for China’s strict lockdowns in Shanghai and other cities to battle Covid-19 outbreaks, he sees the global impact as a “short-term pheno...
- Russia-Ukraine crisis: India's tea exports likely to be hitWestern sanctions and disruption of payments in dollars as well as transhipments to Russia are expected as a fall-out of Russian troops lau...
- Basmati rice exporters from India are renegotiating with importers from Australia, Canada and the USThe industry players are also worried about Pakistan’s move to start exporting their basmati rice to Iran under the barter system.
- US allows eight importers to keep buying Iran oil for nowOil prices fell on Friday for a weekly loss of over 6 per cent.
- Top 11 stocks in focus in Thursday morning tradeHere is a list of stocks that are in news this morning with a fair chance that there will be price action on these counters during the day'...
- Australian banks may still want to fund Adani’s disputed coal projectSBI funding pledge under lens after foreign banks pull out on Greenpeace pressure.
- Government holds the cards for shipping industry turnaround: BimcoWithout the political responsibility, will and decisiveness, the prospect for a recovery is bleak, says Baltic and International Maritime C...
- Fall in Baltic Dry Index raises concerns among shipping companiesBaltic Dry Index plunged to its lowest level after it touched 647 pts, nearly 20 pts lower than the previous low of 663 recorded during 200...
- The end of the crisis may finally be in sight: IACS chairman & ClassNK head Noboru UedaWhile these are still not the best of times for shipbuilders, I am very optimistic about the future of the shipbuilding industry, says Nobo...
- Shipbreaking very unlikely to fill supply-demand gap in global tonnageA pullback in scrapping could impede a rate recovery for shipping, which is a must for its survival.
- Govt extends deadline for exporting non-basmati riceThe government on Monday extended a deadline for exporting 55,000 tonnes of non-basmati rice to four African countries by three months, jus...
- Token Opec output cuts may be a sign of things to comeNigeria and Venezuela’s cuts to their oil output have succeeded in lifting crude back above $60 and have the unspoken support of other Opec...
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