According to BIMCO Iran emerged as the number one buyer of US soya beans. Namely, during August 2018, 414,000 tonnes, an amount that equals five Panamax loads of soya beans were shipped to Iran. This amounts to 13.2% of total US soya bean exports in August.
In August there were zero US seaborne exports of crude oil to China. On the other hand, US crude exports to all destinations except from China hit a new all-time high in September at 6.96 million tonnes. The zero US crude oil exports to China is a massive change to the export pattern seen since early 2017, BIMCO said.
OPEC received about $567 billion in net oil export revenues in 2017, an increase of 29% from revenues in 2016. Increases in both crude oil prices and in net OPEC oil exports increased revenues in 2017, and EIA expects that revenues will continue to increase in 2018, according to EIA’s August Short-Term Energy Outlook.
Australia’s Department of Agriculture has cancelled the livestock export licence of a second exporter, EMS Rural Exports Pty Ltd., as part of the government’s efforts to protect interests of the industry and high standards on animal welfare.
Australia’s Department of Agriculture has initiated the second stage of the review of the Australian Standards for the Export of Livestock, which is open for public comment until 19 September. These standards ensure livestock are fit for export and help manage the risks to health and welfare during the voyage.
After a thorough investigation and show cause process, the Australian Department of Agriculture and Water Resources has cancelled the livestock export licence of Emanuel Exports. This comes after 2,400 sheep died from heat stress onboard the livestock carrier ‘Awassi Express’ in August 2017.
Australia’s Department of Agriculture and Water Resources suspended the live export licence of the company implicated in the death of 2,400 sheep from heat stress onboard the livestock carrier ‘Awassi Express’ in August 2017. The licence will remain suspended pending a full review of the company’s response to a show cause notice.
The Port of Corpus Christi, which is US’s largest oil export port will attempt to raise $300 million, in order to conduct work which will make the Port ready to handle the US shale export increase. A decision to raise fees for dredging, which could begin as of September, would be a rare move among US Gulf Coast ports.
Australia’s Department of Agriculture will conduct a criminal investigation for the company implicated in the death of 2,400 sheep from heat stress onboard the livestock carrier ‘Awassi Express’ in August 2017. Earlier, Australia announced that it will toughen its welfare standards on livestock carriers.
On the aftermath of the death of 2,400 sheep from heat stress on the livestock carrier ‘Awassi Express’, Australia will require ships carrying live cattle and sheep exports to have an independent observer to ensure welfare standards. The country will also introduce new legislation to penalise any exporter that violates these standards.
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