The cost of renting a large crude oil tanker to ship two million barrels from the Middle East to China has risen to $206,141 per day, for the first time since April 2020, according to data from the London Exchanges Group and the World Scale index used to calculate shipping costs in the sector, marking a fourfold increase since the beginning of the year. This rise comes in the wake of increased crude exports from the Middle East, amid fears of a potential military conflict between the United States and Iran, prompting traders to intensify tanker rentals. Estimates suggest that rising shipping costs may reduce the profits of Asian refineries. Watch the full content on الشروق أونلاين
Ouargla - Today, Wednesday, in the provinces of Menia and Ghardaia, preparations continue to commence the construction of the railway line from Laghouat to Tamanrasset, through intensifying field monitoring and assessing the readiness of the logistical and technical means allocated for this project, under the supervision of local authorities.
aps.dz
Béjaïa Port has set a new record in handling bulk cargo, unloading 15,153.60 tons of corn within 24 hours, in an operation conducted directly from the ship to the trucks, according to the Béjaïa Port Authority (EPB). The authority stated in a press release that the operation was carried out at berth number 21, starting from the ship 'BUNUN TREASURE' coming from Santarém, thus breaking the previous record set at the port. View the full content on Echourouk Online.
echoroukonline.comMoscow - Representing the President of the Republic, Mr. Abdelmadjid Tebboune, the Prime Minister, Mr. Saïfi Ghrib, participates in the third Russia-Africa Summit and the Economic and Humanitarian Forum, which commenced today, Wednesday, in the Russian capital, Moscow.
aps.dzNews Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.