Inchcape Shipping Services News
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The Port of Fujairah in the United Arab Emirates stopped ships from anchoring in adjacent territorial waters, according to a notice to port agents published by Inchcape Shipping Services.
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Egypt’s army is maintaining shipping services through the Suez Canal, which handles about 8 percent of world trade, amid unrest that’s suspended some port services, Inchcape Shipping Services, a global maritime agent said.
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Dubai World’s investment unit Istithmar World PJSC is arranging as much as $350 million of loans to attract bidders to its Inchcape Shipping Services, two people familiar with the matter said.
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The following are the top stories on metals, agriculture and shipping.
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A 12-day-old workers strike at the French port of Marseille, expected to continue through the weekend, will force refiners in the region to start halting production, leading to motor fuel shortages.
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The following are the top stories on metals, agriculture and shipping.
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Egypt’s ports are mostly operating on a limited basis because of a lack of staff and the Suez Canal, used to carry about 8 percent of global seaborne trade, is working normally, Inchcape Shipping Services reported.
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Wheat futures slumped to a five- month low on speculation that the earthquake in Japan and protests in the Middle East will cut global demand.
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Workers at the Fos and Lavera oil terminals at the French port of Marseille began a “wildcat” strike at 6 a.m. today, Inchcape Shipping Services said.
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Three Japanese oil ports and one terminal remained closed after being damaged during an 8.9-magnitude earthquake and ensuing tsunami last week, Inchcape Shipping Services said.
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