(Bloomberg) Commodities are entering a crucial period as earnings season gathers pace, Europe firms up its energy-crisis response, and China’s political elite gathers in Beijing for a twice-a-decade summit.
Companies due to weigh in on this year’s wild markets include aluminum producer Alcoa, oilfield giant Schlumberger, and, for battery materials, Elon Musk’s Tesla.
The operations and maintenance service contract will commence in June and secure utilisation of the vessel until the fourth quarter of 2022.
Daniel Alon, general manager of C-Bed, commented: “Last time we worked with Vattenfall was in 2016, and we are happy to once again be working together, this time welcoming more than 60 people onboard our SOV[………]
Stakeholders in the global shipping industry have adopted new amendments to Maritime Labour Convention (MLC 2006) aimed at improving the living and working conditions of seafarers.
The amendments, eight in total, were adopted during a meeting of the International Labor Organization’s (ILO) Special Tripartite Committee in Geneva, Switzerland last week.
The MLC 2006, often referred to as the “Seafarers Bill of Rights”, is an ILO convention designed to protect seafarers’ rights and uphold minimum living and working standards. First entering into force in 2013, the convention has now been ratified by more than 100 countries representing over 90% of the world fleet[…….]
CMA CGM has announced plans to implement an industry-first incentive program designed to encourage the early return of empty containers and help exporters get the equipment needed.
The program, which launches today to U.S. customers, gives customers who return empty containers early a $300 credit per dry container to either the FMS terminal in Los Angeles or one of four CMA CGM return locations across the country (Chicago, IL; Dallas, TX; Kansas City, KS; and Memphis, TN). [………….]
By Rajendra Jadhav
MUMBAI, May 16 (Reuters) – India’s wheat export ban has trapped some 1.8 million tonnes of grain at ports, leaving traders facing heavy losses from the prospect of selling onto a weaker domestic market, four dealers told Reuters.
New Delhi banned wheat exports on Saturday, just days after saying it was targeting record shipments of 10 million tonnes this year, as a scorching heat wave curtailed output and domestic prices hit a record high.
Only exports backed by letters of credit (LCs), or payment guarantees, issued before May 13 can proceed before the ban takes effect, India has said. [……..]
