Michael Winstone News Today

By Archie Hunter (Bloomberg) — Higher interest rates are forcing commodity traders to rethink some deals and push up prices, in the latest example of how a period of rapid central-bank...

As rates rise, the additional costs of a weeks-long journey or extended storage in a warehouse or tanker are making certain trades far less attractive

The industry is exposed to rising rates because trading houses rely on bank credit for the huge amounts of money needed to buy, transport, and store big volumes of commodities

FEATURE: Hafnia Sees Rising Interest in Bunker Buying Alliances by Ship & Bunker News Team Wednesday July 21, 2021 Peter Grunwaldt, Head of Bunkers in Hafnia. Image Credit: Hafnia Traditionally, shipowners and operators have acted alone to fuel their own vessels – that is, they buy their own bunkers regardless of the number of vessels they have or whether they have designated "bunker buyers" within their teams. The idea of buyers coming together to pool their buying resources is nothing ne...