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Finance & Markets

Steel Rises Amid Falling Global Output

Steel rebar futures climbed to around CNY 3,109 per ton, reaching a one-week high after World Steel Association data showed global crude steel production fell 1.2% year-on-year to 144.2 million tons in August. On a monthly basis, global crude steel output also declined 3.3% from the 149.2 million tons produced in July, with China’s 2.3 ...

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

Read the original at hellenicshippingnews.com →

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Russia’s Black Sea diesel exports fall to zero for first time on record

Russia’s Black Sea diesel and gasoil shipments fell to zero for the first time on record in the week to Sept. 24, according to S&P Global Commodities at Sea data, as a nationwide export ban has…

  • Russia's Black Sea diesel exports reach zero for first time ever
  • Nationwide export ban disrupts trade flows from major global producer
  • Halt coincides with broader slump in Russian diesel shipments

Court Ruling: Part Of Taxonomy Criteria Found Unlawful – But Polluting Planes And Ships Still Slipping Through The Net

Yesterday, the General Court in Luxembourg has published its judgment on the EU Commission’s Taxonomy Regulations on ‘green’ investments for aviation and shipping.

  • EU Court rules part of shipping taxonomy criteria unlawful
  • Commission's discretion on methane emissions threshold not unlimited
  • Fossil-fuelled aircraft and ships still exempt from sustainable label

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