Terminal News
Chemicals producer, BASF has announced they are ending ammonia and associated fertiliser production in the German city of Ludwigshafen due to high production and energy costs.
BASF seeks to cut costs by €500 million per year from 2024 by moving production to Belgium, the US and Asia. This is estimated to result in 2,600 jobs losses.
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A two-week ceasefire between the USA and Iran has been agreed, contingent on the reopening of the Strait of Hormuz. A significant relief rally is now underway, as more than
Firefighters have put out a blaze at one of Kuwait’s major oil refineries, and at the countries airport, following Iranian strikes over the weekend. Drone strikes have caused “severe material
Mitsui O.S.K. Lines (MOL Group) has launched Phase 2 of its group management plan: ‘BLUE ACTION 2035’ effective April 1. In Phase 2, the focus of group management will shift
Considering the market volatility stemming from the conflict in the Middle East and the closure of the Strait of Hormuz, the European Commission is calling on EU countries to make timely and coordinated
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