Commodities, Business & Shipping

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Tests are underway in the US in what backers argue could be shipping’s long-term answer to its decarbonisation riddle.

Southern Company, TerraPower and CORE POWER have started pumped-salt operations in an integrated effects test (IET) of TerraPower’s first-of-a-kind nuclear molten chloride fast reactor (MCFR).

Tests underway on keenly watched nuclear reactor - Splash247

Tests are underway in the US in what backers argue could be shipping’s long-term answer to its decarbonisation riddle. Southern Company, TerraPower and CORE POWER have started pumped-salt operations in an integrated effects test (IET) of TerraPower’s first-of-a-kind nuclear molten chloride fast...
splash247.com
 

Metal Market Breakdown: From Copper Slumps to Rare Earth Opportunities​

Oct 5, 2023

16:59

Check Scrap Prices: https://iScrapApp.com/ - Copper prices have sunk to some of their lowest levels in recent months, compelling scrapyards to adopt caution with pricing. An expanded spread means lower prices at the scale for sellers. Meanwhile, nickel, another key metal, continues its weak performance.

Read more: https://iscrapapp.com/blog/weekly-scr...
 

Low Water Levels on the Mississippi is affecting Shipping - FreightWaves Roundtable​

Oct 6, 2023
11:45

In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - joins the @FreightWaves TV Roundtable, along with Pat Chambers of the Army Corps of Engineers to discuss how low water on the Mississippi River is impacting shipping?
 
From the WSJ

Yellow's Bankruptcy Sparks a Battle to Reset Trucking Competition​

The sale of failed trucker Yellow’s real estate is turning into a battle for a competitive edge in a corner of the trucking industry that forms a crucial part of the U.S. economy.

Estes Express Lines, the largest privately held trucking company in the country with revenues last year of more than $5 billion, is the stalking-horse, or lead bidder, for Yellow’s nationwide network of truck terminals with a bid of $1.525 billion.

More:

 

Ozempic Caused Walmart Food Sales To Drop: Is This Why KO And PEP Stock Dropped?​

Oct 5, 2023
13:29

Walmart announced that people who are on weight loss drugs like Ozempic and Wegovy are buying less food. The stocks of food companies like Coca Cola (KO) and Pepsi (PEP) were down about 5% today. Are the stocks of food companies suffering because weight loss drugs like Ozempic will make people eat less junk food and sugary sodas? Or is the real reason for the decline in these historically safe dividend paying stocks because of the rising bond yields?
 

Report to Congress on the U.N. Law of the Sea Convention​

From the report​

The United Nations (U.N.) Convention on the Law of the Sea (UNCLOS) established a comprehensive international legal framework to govern activities related to the global oceans. UNCLOS often is referred to as the constitution of the oceans. The convention was agreed to in 1982 and entered into force in 1994, after the Agreement Relating to the Implementation of Part XI of the United Nations Convention on the Law of the Sea (commonly referred to as the 1994 Agreement) amended many of the deep-seabed resources provisions that several industrialized nations found objectionable.

In 1994, President Clinton submitted UNCLOS and the 1994 Agreement as a package to the Senate for its advice and consent. To date, the Senate has not given advice and consent to accession to the convention and ratification of the 1994 Agreement. The Senate Committee on Foreign Relations has considered UNCLOS, most recently in the 112th Congress, when the committee held several hearings. The committee took no further action, and UNCLOS has since remained with the committee.

Measures pertaining to UNCLOS have been introduced in the 117th and 118th Congresses but have not been enacted to date. In general, introduced measures support U.S. accession to UNCLOS (e.g., H.Res. 361 and S.Res. 220 in the 117th Congress). Of relevance to living marine resources, a 117th Congress bill found that “as a party to [UNCLOS], the United States would be better able to participate in negotiations regarding the management of high seas fish stocks, migratory fish stocks, and marine mammals” (H.R. 3764).

More:

 

Weekly Livestock Market Update for 10/6/23​

17:05
 

Latest News Stream

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Latest News Stream - was last updated on Sunday, November 10, 2024.
tradingeconomics.com
 

Where can you find "FREE" scrap metal? - Guide to working locally for more scrap​

Oct 8, 2023

4:26

Check Scrap Prices: https://iScrapApp.com/ - This is a constantly asked question. People always want to know where to find "free" scrap metal. The answer isn't always that simple. Here's Tom giving you a few tips on ways to stay in the know with like-minded people in your area, as well as specific examples that Tom has seen walking around his own neighborhood that you can often find and pick-up off the side of the curb.
Read more: https://iscrapapp.com/blog/where-can-...
 

TQL verdict fallout, Mack on strike and bad trucking deals | WHAT THE TRUCK?!?​

Oct 9, 2023
1:00:00

On today’s episode of WHAT THE TRUCK?!? Dooner is talking to Armchair Attorney Matthew Leffler about the landmark TQL verdict. Now that a judge has ruled TQL owes thousands of former employees overtime pay, what will it mean for every other brokerage?
Freight fraud is out of control. FreightValidate’s Nathan Ebel’s new software solution that combats fraud just dropped. We’ll find out how it works.
FreightWaves’ Thomas Wasson breaks down trucking markets, a strike at Mack Trucks, warehouse automation and more.
So you’ve been in a semi-truck accident, now what? Wattsmen Diesel House’s Sam Watts breaks down what to do in a worst-case scenario.
Plus, rate the strap work; Canadian Thanksgiving; roadside performance art; and horrible truck stop creations.
 

Weekly Commodity Market Update: Corn stocks expected to tighten​

Oct 10, 2023

10:10
 

Liner shipping vessel sharing agreements to be regulated under general EU Block Exemption regulations — World Shipping Council

Brussels, 10 October 2023 – Following the publication today of its CBER Staff Working Document, the European Commission’s DG COMP has announced that it will let the sector-specific Consortia Block Exemption Regulation (CBER) lapse, and that liner shipping vessel sharing agreements will be regulated
www.worldshipping.org

Liners wait anxiously on Washington’s reaction as EU drops antitrust exemption - Splash247

Liner companies are now watching carefully to see if the Federal Maritime Commission (FMC) in Washington DC will follow the lead taken by the European Commission when it comes to container shipping and antitrust rules. Yesterday’s announcement from Brussels not to extend the European Union’s...
splash247.com

Cameroon-flagged dark tanker adrift off Indonesia - Splash247

A 26-year-old oil tanker, part of the shadow fleet hauling Russian crude, is currently adrift in the Indian Ocean. As first reported by Bloomberg, the 106,547 dwt aframax tanker is located some 300 km west of Aceh, Indonesia, and is signalling that it is not under command – meaning it cannot...
splash247.com
 
FWIW (dyodd)

Founder of The Trends Journal, Mr. Gerald Celente examines the geopolitical situation and the domestic economy. Nothing to see. Can listen in one tab, play around on the forum in a different tab.


20:06
 
Let me guess... Gerald is optimistic?
 

Amazon Drought Stalls Shipping

The barge carrying three trucks and 2,000 empty cooking gas cylinders lies stranded on the vast sand banks of a diminished Rio Negro river after running aground last month, highlighting the plight of river transport in a region hit by severe drought.
gcaptain.com
 

Weekly Metal Insights: Tensions, Trends, and What Lies Ahead​

10/11/23

17:56

Check Scrap Prices: https://iScrapApp.com/ - Dive deep into this week's insights as we unravel the complex interplay of global tensions, oil prices, and their effect on metal markets. From copper's downward trajectory to the glimmers of hope in aluminum, stay updated with the latest trends and predictions.
Read more: https://iscrapapp.com/blog/weekly-scr...
 
As suspicion grows of Iranian involvement in the planning of the terrorist attacks in Israel last weekend, analysts are turning their attention to the potential for the conflict to spread to the Persian Gulf and the Strait of Hormuz, the world's most important tanker transit chokepoint.

Fighting in Gaza Could Lead to Shipping Disruption in Strait of Hormuz

As suspicion grows of Iranian involvement in the planning of the terrorist attacks in Israel last weekend, analysts are turning their attention to the...
maritime-executive.com
 
Oil and maybe gold are the two commodities most think of when it comes to striking it rich. But ETF investors looking beyond the S&P 500 found an even hotter commodity: sugar.

The Teucrium Sugar ETF (CANE) is up an astounding 58.3% this year — topping all other actively traded commodity and currency funds in that time, says an Investor's Business Daily analysis of data from Morningstar Direct. That easily tops the 10.7% gain of the top-performing oil ETF this year: Invesco DB Oil (DBO) and the S&P 500 up 14.97%. It's also beating gold's 2% gain.

Investors Strike It Rich On A Commodity Up More Than Oil And Gold

Oil and maybe gold are the two commodities most think of when it comes to striking it rich.
www.investors.com
 
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