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Can Africa Become An Oil Products’ Exporter?

Africa has been a perennial laggard, when it comes to refining capacity and hence a viable market for oil products. In its latest weekly report, shipbroker Gibson said that “the history of African refining is chequered, to say the least. Of the many refinery developments that have been announced over the past decade, most stalled ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

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Asia-US container rates mixed, remain pressured by congested Asian ports, persistent demand

Rates for shipping containers from east Asia and China to the US were mixed this week but continue to face upward pressure amid congested Asia ports and persistent demand, evidenced by rate increases…

  • Asian US container rates mixed, still pressured by Asian port congestion
  • CMA CGM to impose $4,000/FEU peak season surcharge Oct 1st
  • Rates at highest since mid-2022, 2% increase Shanghai to LA

EA shifts focus from debt to growth

Energy Absolute Plc (EA) says it has overcome the most critical phase of its financial crisis after restructuring its debt and strengthening its balance sheet, allowing the renewable energy company to…

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