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Lower Mississippi draught restrictions eased

  • Market: Agriculture, Coal, Fertilizers, Oil products, Petroleum coke
  • 30/09/24

The US Coast Guard (USCG) loosened daught restrictions on sections of the lower Mississippi River following heavy rains upstream from Hurricane Helene .

Traffic moving southbound on the lower Mississippi from Tiptonville, Tennessee, to Greenville, Mississippi, can now have a draught up to 10.6ft, while vessels in the region between Greenville to Tunica, Louisiana, can go up to 11ft, according to 26 September notice from the USCG. Tows traversing Tiptonville to Vicksburg, Mississippi, can have six barges wide, while tows traveling through Vicksburg to Tunica can be up to seven barges wide.

Northbound tows cannot draft higher than 9.5ft from Vicksburg up through Tiptonville. The same tows cannot have more than six barges wide and more than four of them loaded.

All but two locations on the lower Mississippi River rose above their low water threshold and are forecast to remain that way through mid-October, the National Weather Service said.

Restrictions were loosened late last week after Hurricane Helene brought flash floods](https://direct.argusmedia.com/newsandanalysis/article/2612780) to the southeastern US following weeks of drought conditions along the lower Mississippi River.


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30/09/24

Some eastern US rail shipments restart after Helene

Some eastern US rail shipments restart after Helene

Washington, 30 September (Argus) — Some railroad operations in the southeastern US have resumed in the aftermath of Hurricane Helene, but major carriers warn that some freight may be delayed while storm-damaged tracks are repaired. Rail lines in multiple states were damaged after Hurricane Helene made landfall on the northeastern Florida coast on 26 September as a category 4 storm and traveled northwards as a downgraded but still dangerous storm into Georgia, Tennessee, and the Carolinas. The storm left significant rain and wind damage in its wake, including washed-away roads, flooded lines, downed trees and power outages. Eastern railroads CSX and Norfolk Southern (NS) said they are working around the clock to restore service to their networks. Norfolk Southern said it had made "significant progress" towards its recovery with most major routes back in service including its Chattanooga, Tennessee, to Jacksonville, Florida, line as well as its Birmingham, Alabama, to Charlotte, North Carolina route. Norfolk Southern said freight moving through areas that are out of service could "see delays of 72 hours". Several of Norfolk Southern's other routes remain out of service, including rail lines east and west of Asheville, North Carolina, because of historic levels of flooding. There are multiple trees to remove along a 70-mile stretch from Macon, Georgia, to Brunswick, Georgia. And downed power lines are keeping the railroad's lines from Augusta, Georgia, to Columbia, South Carolina, and Millen, Georgia, out of service. CSX said "potential delays remain" but did not provide specifics. However, the railroad said it had made "substantial progress" in clearing and repairing its network. The railroad's operations in Florida have mostly reopened, as have rail lines in its Charleston subdivision, which crosses South Carolina and Georgia. But bridge damage and major flooding has kept CSX's Blue Ridge subdivision out of service. A portion of the line running from Erwin, Tennessee, to Spartanburg, South Carolina, has been cleared, but CSX said "a long-term outage" is expected for other parts of the rail line. By Abby Caplan Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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News

US July ethanol output highest ever: EIA


30/09/24
News
30/09/24

US July ethanol output highest ever: EIA

Houston, 30 September (Argus) — US production of fuel ethanol in July set a monthly record at 1.09mn b/d as producers were incentivized by low feedstock prices amid robust demand. July output was up by 5.1pc from the previous month and 5.6pc higher than a year earlier, according to data released by the Energy Information Administration (EIA) on Monday. Output during the month was 2,000 b/d above the previous record set in August 2018. Low prices for corn feedstock, which arrived during the demand-heavy summer driving season for gasoline — a proxy for ethanol blending and demand — helped bolster production rates. Front month CBOT corn prices in July averaged 398¢/bushel, the lowest since September 2020 and 28pc less than a year earlier. Value for corn has been under pressure from healthy domestic crop yields. US supplied finished motor gasoline reached 9.3mn b/d, up by 177,000 b/d from June and about 300,000 b/d higher than a year earlier. Ethanol blending in July was 914,000 b/d – little changed over the month and from a year earlier. By Payne Williams Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

News

Greek Corinth crude arrival momentum slows after fire


30/09/24
News
30/09/24

Greek Corinth crude arrival momentum slows after fire

Barcelona, 30 September (Argus) — Crude receipts at Greek refiner Motor Oil Hellas' (MOH) 180,000 b/d Corinth facility fell in September and arrival momentum has slowed, following a serious fire. Corinth imported 170,000 b/d in September, down from 185,000 b/d in August. The refinery received seven cargoes in the month, but only two were unloaded after the 17 September fire . One cargo of Caspian CPC Blend diverted to BP's 108,000 b/d Castellon refinery in Spain. The fire has damaged crude distillation (CDU) capacity at the refinery, but MOH has not replied to requests for details. The two crude cargoes that unloaded following the fire were staple grade Iraqi Basrah Medium, as are a pair signalling arrival. Both of these departed Basrah prior to the fire. One should arrive on 2 October, and the other is travelling via the Cape of Good Hope and is not slated to arrive until 13 October. No other deliveries are signalling arrival. Around 75pc of the crudes at Corinth are Basrah grades. MOH has previously said it has flexibility in its term contract with Iraq's state-owned Somo and can tailor the pace of deliveries to its needs. Earlier this year MOH said it wanted to buy more Basrah crude from trading firms, but the majority of its cargoes still come direct from Somo, according to Kpler data. This includes the two now on route to Corinth. MOH regularly blends Basrah with CPC Blend and Libyan Es Sider, plus occasional cargoes of Kazakh Kebco and Norwegian Johan Sverdrup. Prior to the fire MOH bought a cargo of Guyanese Unity Gold for the first time . MOH had major works in the summer of 2023 on the older and larger of its two CDUs. On completion deputy managing director Petros Tzannetakis said the refinery would run in excess of 200,000 b/d . Receipts are estimated by Argus at 200,000 b/d in the first three quarters of this year (see chart) . Receipts in September comprised 85,000 b/d of Basrah Medium, 35,000 b/d of Libyan crude split between Es Sider and Sarir, more than 25,000 b/d of Unity Gold and more than 20,000 b/d of CPC Blend. Argus assessed these at a weighted average gravity of 32.3°API and 1.7pc sulphur content, compared with 31.1°API and 2.5pc sulphur in August. The slate averaged 32.1°API and 2pc sulphur in the first nine months of the year, a little lighter and sweeter than 30.3°API and 2.5pc sulphur overall last year. By Adam Porter Corinth crude deliveries mn bl Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

News

Supply issues affect fuel prices in western Germany


30/09/24
News
30/09/24

Supply issues affect fuel prices in western Germany

Hamburg, 30 September (Argus) — Fuel prices in Germany are diverging as some regions struggle with reduced refinery output. Distillate supply in Cologne, in western Germany, is still tight. A major supplier at Shell's 340,000 b/d Rhineland refinery in Cologne halted spot sales of heating oil and diesel in mid-September. An unplanned unit outage is the reason for the drop in supplies, traders in the region said. The supplier also restricted spot sales of gasoline throughout the month until the beginning of last week. Gasoline supplies at the Rhineland refinery and the nearby Florsheim storage facility are rising but traders in the region are buying gasoline elsewhere due to high local prices. Maintenance works at the 187,000 b/d Godorf plant of the Rhineland refinery are further restricting supply. Last week, the Bayernoil consortium's 215,000 b/d Vohburg-Neustadt refinery in southern Germany experienced an drop in production levels. Sources said unplanned maintenance works at an unspecified unit led to reduced road fuels output, prompting multiple suppliers to halt spot sales of diesel and gasoline. The Miro consortium's 310,000 b/d Karlsruhe refinery and the PCK consortium's 230,000 b/d Schwedt refinery in eastern Germany are oversupplied. Rail works near Schwedt have been restricting transport of product for several months, traders said. This caused a backlog of trains in September, and suppliers at the refinery lowered their prices to incentivise truck loadings and free up inventory space. Diesel imports into northern Germany almost doubled in September compared with August because of a slight increase in domestic demand. By Natalie Mueller Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

News

Qatar's Muntajat cuts Oct sulphur price by $1/t


30/09/24
News
30/09/24

Qatar's Muntajat cuts Oct sulphur price by $1/t

London, 30 September (Argus) — Qatar's state-owned sulphur producer and marketer Muntajat/Qatar Energy has lowered the Qatar Sulphur Price (QSP) for October slightly to $124/t fob Ras Laffan/Mesaieed. The price is down by $1/t from its September QSP set at $125/t fob. The latest adjustment for October implies delivered pricing to China of $147-154/t cfr at current freight rates, which were last assessed on 26 September at $23-24/t to south China and at $28-30/t to Chinese river ports for a shipment of 30,000-35,000t. But with China cfr assessments at $137-145/t cfr on 26 September, and the Golden Week holidays over 1-7 October, prices in early October are expected to lag against implied delivered values. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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