SHIP OWNERS SAVE $8 BLN
The technology maintains performance through the docking cycle without the use of biocides and delivers outstanding macro and micro fouling control with improved static resistance, even in warm waters.
DP WORLD RAISE INCENTIVE
The programme is also a testament to our growing cooperation with the market, as we continue to seek to provide customers with lower carbon choices and encourage modal shift for supply chains using our UK logistics hubs. To put that in perspective, our investment in British rail alone via our two UK hubs is taking approximately 300,000 trucks off the road each year.
THE LOW-CARBON ECONOMY
Despite facing high costs and safety issues, clean ammonia’s role as a prospective marine bunker fuel and other applications has solidified its place in the green transition, especially for high-volume uses.
IRON ORE STRONG START
The increase in prices last week came as China’s central bank on Jan. 24 announced a deep cut in the amount of cash banks are required to hold in reserves, a move aimed at boosting lending to fund property and infrastructure development.
EU RAISES 2023/24 WHEAT STOCKS
The Commission kept unchanged its 2023/24 demand projections for soft wheat, including an expected export volume of 31.0 million tons, down from 32.7 million in 2022/23. It made few changes to other 2023/24 EU grain forecasts. Usable production of barley was raised by 100,000 tons to 47.4 million, still a 12-year low.
IMPACT OF RED SEA CRISIS
The impact of the Red Sea crisis, while more immediate, is not expected to be as prolonged as the pandemic – and shippers are becoming increasingly impatient and suspicious of carriers seeking to keep rates elevated for as long as possible.
