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Temporary channel opening soon at Baltimore harbor

  • Spanish Market: Agriculture, Coal, Fertilizers, Freight, Metals
  • 01/04/24

Authorities at the site of the collapsed bridge in Baltimore, Maryland, are preparing to open a temporary alternate channel for "commercially essential" vessels to pass through the blocked waterway.

The 11-ft deep, 264-ft wide channel will be to the north of the containership Dali, which struck the bridge early on 26 March when it lost power, leading to its deadly collapse, according to the federal Unified Command handling the accident response. While the channel would be deep enough for some types of cargo-laden barges, it will most likely be used for smaller craft and those taking part in salvage operations.

"This will mark an important first step along the road to reopening the port of Baltimore," said David O'Connell, the federal on-scene coordinator. "By opening this alternate route, we will support the flow of marine traffic into Baltimore."

While no official timetable to reopen the port to regular traffic has been given so far, experts say it could take many weeks to months.

The Frances Scott Key Bridge was closed to vehicle traffic shortly before it collapsed when crew members on the Dali warned local authorities of the impending collision, but six construction workers on the bridge at the time are presumed dead.

Demolition crews began removing sections of the collapsed bridge over the weekend. The bridge's north section is being cut into smaller parts that can be removed by barge-mounted cranes. A roughly 4,000-ton section of the bridge, which rests on top of the ship, will also need to be removed before the vessel can be moved.

The port is the busiest in the US for automobile shipments and carmakers are adjusting supply routes for what is likely to be a lengthy closure. Coal exporters are expected to shift to terminals south in Hampton Roads, Virginia, while other commodities such as asphalt and caustic soda that move through the port may also face challenges.


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23/04/25

Brazilian wildfires burn 70pc less area in 1Q

Brazilian wildfires burn 70pc less area in 1Q

Sao Paulo, 23 April (Argus) — Wildfires in Brazil scorched an area almost equivalent to the size of Cyprus in January-March, but still 70pc less than in the same period in 2024 as the rainy season was above average in most of the north-central part of the country this year. The wildfires spread out over 912,900 hectares (ha) in the first three months of 2025, down from 2.1mn ha in the same period of 2024, according to environmental network MapBiomas' fire monitor researching program. The reduced burnt areas are related to the rainy season in most of the country, but still-high wildfire levels in the Cerrado biome showed that specific strategies are necessary for each biome to prevent further climate-related impacts, researchers said. The Cerrado lost 91,700ha to wildfires in the first quarter, up by 12pc from a year before and more than double from the average since 2019. Burnt areas in the Atlantic forest also increased 18,800ha in the period, up by 7pc from a year earlier. Wildfire-damaged areas in the southern Pampa biome, or low grasslands, grew by 1.4pc to 6,600ha. The Amazon biome lost over 774,000ha to wildfires in the first quarter of 2025, a 72pc drop from a year earlier, while it accounted for almost 52pc of burnt areas in March. The loss represented 84pc of the total burnt land in the period. Burnt areas in the central-western Pantanal biome, or tropical wetland, fell by 86pc in the first quarter to 10,900ha. The northeastern Caatinga biome, or seasonally dry tropical forest, lost around 10,000ha in burnt areas, down by 8pc from the same period in 2024. Reductions may not persist as a drought season will begin in May and is expected to be severe, according to Mapbiomas. Last year, an extended drought season prompted burnt areas to grow by 79pc from 2023. Northern Roraima state was the state to suffer the most from wildfires in the period, with 415,700ha lost to wildfires during its distinct drought season in the beginning of the year, while other states faced a rainy season. Northern Para and northeastern Maranhao followed, with 208,600ha and 123,800ha of burnt areas, respectively. Wildfires hit over 24,730ha of soybean fields in the period, a 29pc decrease from a year earlier, while burnt areas in sugarcane fields fell by 31pc to around 7,280ha. Wildfires hit 106,600ha of the country in March, a 86pc decrease from 674,900ha a year earlier. By João Curi Burnt areas in March ha 2025 2024 Amazon 55,172 732,929 Cerrado 37,937 20,995 Atlantic Forest 9,262 4,509 Caatinga 2,296 755 Pampa 1,514 127 Pantanal 562 21,799 Total 106,641 781,114 — Mapbiomas - Monitor do fogo Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US generators weigh delaying coal plant retirements


23/04/25
23/04/25

US generators weigh delaying coal plant retirements

New York, 23 April (Argus) — US utilities are considering additional extensions to coal plant retirements in response to recent policy changes, even though the benefit for the coal industry may be short-lived. US utilities are still mostly reviewing US president Donald Trump's executive orders issued earlier this month plus other actions initiated by his administration. One of the more concrete recent actions were the two-year exemptions from complying with updated Mercury and Air Toxics Standards granted to dozens of power plants on 15 April. But even though utilities had applied for these exemptions, the majority of those that spoke to Argus indicated they are still evaluating their options. "Granting a two-year compliance extension at Labadie and Sioux will enable Ameren Missouri to further refine its compliance strategy and optimize planned monitoring mechanisms to ensure accuracy," said Ameren Missouri director of environmental services Craig Giesmann. "We are committed to selecting cost-effective solutions that minimize the impact on customer rates." Ameren's 1,099MW Sioux plant is scheduled to be closed by 2028 and the 2,389MW Labadie plant has no concrete retirement date. Tennessee Valley Authority said it is "carefully reviewing" the mercury and air toxics exemptions "for how it might apply and benefit our efforts to support load growth across our seven-state region." The federal utility was granted exemptions for all of its coal facilities, including units of the Cumberland and Kingston plants that had been scheduled to close by the 1 July 2027 compliance deadline for the new mercury and air toxics standards. NRG Energy and Xcel Energy also said they are still considering how to proceed. "It will take our regulatory and environmental teams some time to evaluate and access the new guidelines, so we do not have any update to share at this time," NRG said. The utility was granted exemptions for four coal plants with a combined 7,092MW of capacity. None of these units currently has concrete retirement dates scheduled. Companies need to take into account other factors before committing to extending a coal unit's life, including natural gas price expectations and whether government regulations will stay in place. In addition, the planning process for retiring and adding generating assets takes time. These factors also are being taken into account by utilities that do not have coal units on the list of mercury rule exemptions but could be affected by other efforts the Trump administration is making to try to preserve coal generation. "Whatever impacts may arise from policy changes this year will be assessed in a future [Integrated Resource Plan], with the best analysis of information available at that time," utility PacifiCorp said. The utility just filed its latest integrated resource plan with state regulators on 31 March and does not expect to file another one until early 2027. Another utility that did not have coal units on the list of mercury rule exemptions but would be affected by other regulatory actions said it is considering extending coal unit operations by a few years. A US coal producer reported receiving increased inquiries from utilities about the feasibility of continuing to get coal supply beyond power plant units' planned retirement dates. Both buyers and sellers that talked to Argus agree that contract flexibility is gaining importance. But "even if you roll back some regulations and push deadlines on various retirements and certain requirements out into the future, you still can not justify taking more coal unless it is going to be competitive" with natural gas, one market participant said. While profit margins for dispatching coal in US electric grids were above natural gas spark spreads for a number of days this past winter, that was an anomaly when compared with recent years. Coal may bridge generating gap But recent policy changes could help utilities use coal generation to bridge any gaps in generating capacity caused by delays in bringing other energy sources online. These include possible delays in adding solar generation following increased tariffs the Trump administration has imposed on imports from China as well as legislation moving through some state governing bodies aimed at inhibiting renewable projects. On 15 April, the Texas Senate passed a bill that would impose restrictions on solar and wind projects, including new permits, fees, regulatory requirements, and taxes. Separately, North Carolina legislators are reviewing a bill that proposes reducing solar tax breaks from 80pc to 40pc and limiting locations for utility-scale projects. Other states are moving forward with efforts to encourage less carbon-intensive generation. Colorado governor Jared Polis (D) on 31 March signed legislation classifying nuclear energy as a "clean" power source. Increased renewable energy generating capacity still is expected to be the "main contributor" to growth in US electricity generation, according to the US Energy Information Administration's (EIA) Short-Term Energy Outlook (STEO). But EIA's latest outlook did not take into account the coal-related executive orders Trump signed on 8 April. "We are currently evaluating these developments, and they will be reflected in the May STEO," EIA chief economist Jonathan Church said. Most market participants do not expect substantial long-term changes to come from recent coal-supporting efforts because of various other factors including the fundamental economics of coal-fired power plants. By Elena Vasilyeva Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Rifertil pede recuperação judicial


23/04/25
23/04/25

Rifertil pede recuperação judicial

Sao Paulo, 23 April (Argus) — A produtora brasileira de fertilizantes Rifertil entrou com pedido de recuperação judicial, alegando aumento nas dívidas por impactos cambiais, queda de preços e condições adversas no setor causadas pela seca do ano passado. As dívidas da Rifertil totalizam R$647,9 milhões, de acordo com documento obtido pela Argus e protocolado na vara cível de Rio Verde, em Goiás. O pedido de recuperação judicial, também confirmado pelo escritório de advocacia da empresa, foi protocolado em 22 de abril e aguarda análise do tribunal goiano. O pedido de recuperação judicial destaca que o setor de fertilizantes enfrenta dificuldades desde 2022, quando os preços dos nutrientes estavam elevados por conta da pandemia de Covid-19 e, posteriormente, pelo início do conflito entre Ucrânia e Rússia. Naquele período, previsões sobre uma possível escassez no mercado global de fertilizantes contribuíram para o aumento dos preços. Porém, as previsões não se concretizaram e os preços caíram nos meses seguintes, causando prejuízos que afetaram o fluxo de caixa da empresa desde então. O documento também destaca os problemas enfrentados por produtores em Goiás, principal mercado e sede da empresa. Entre o último trimestre de 2023 e o início de 2024, muitas cidades goianas decretaram estado de emergência devido ao clima mais seco do que o normal. Isso contribuiu para a falta de liquidez dos produtores, prejudicando o agronegócio brasileiro, principalmente devido ao aumento da inadimplência de clientes. O escritório de advocacia da Rifertil também afirmou que a valorização do dólar norte-americano em relação ao real ao longo do segundo semestre de 2024 contribuiu para o aumento do endividamento da empresa, já que muitos produtos e serviços do setor de fertilizantes são negociados em dólar. A empresa foi fundada em 2000 e sua sede fica em Rio Verde, em Goiás. Também possui fábricas em Catalão, Goiás, e em Maruim, no Sergipe. A capacidade combinada das três unidades é de 750.000 toneladas/ano. Por João Petrini Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2025. Argus Media group . Todos os direitos reservados.

Brazil's Rifertil files for bankruptcy protection


23/04/25
23/04/25

Brazil's Rifertil files for bankruptcy protection

Sao Paulo, 23 April (Argus) — Brazilian fertilizer producer Rifertil filed for bankruptcy protection from creditors, citing a debt load inflated by currency impacts, falling prices and tough sector conditions caused by drought last year. Rifertil's debts total R647.9mn ($112.7mn), according to a document seen by Argus , which was filed with the civil court of Rio Verde, in central-western Goias state. The request, also confirmed by the office of the company's attorney, was filed on 22 April and is now awaiting analysis by the Goias court. The bankruptcy protection filing highlights that the fertilizer sector has been facing difficulties since 2022, when nutrient prices were high because of the Covid-19 pandemic and, later, because of the beginning of the conflict between Ukraine and Russia. At that time, predictions such as a shortage in the global fertilizer market contributed to an increase in fertilizer prices. But the forecasts did not materialize and prices fell in the following months, causing losses that have hit the company's cash flow since then. The document also highlights problems faced by producers in Goias, the company's main market and headquarters. Between the last quarter of 2023 and the beginning of 2024, many cities in Goias declared states of emergency because of drier than usual weather conditions. This contributed to a lack of liquidity for producers, hurting Brazil's agribusiness, especially from an increase in defaults from customers. Rifertil's attorney also said that the US dollar's strengthening to the Brazilian real throughout the second half of 2024 inflated the company's debt, since many products and services in the fertilizer sector are traded in US dollars. The company was founded in 2000 and its headquarters is in Rio Verde city, in Goias. It also has factories in Catalao city, Goias, and Maruim city, in northern Sergipe state. The three units' combined capacity is of 750,000 metric tonnes/yr. By João Petrini Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Indonesia stands committed to Ni controls: Ni Indonesia


23/04/25
23/04/25

Indonesia stands committed to Ni controls: Ni Indonesia

London, 23 April (Argus) — Indonesia remains committed to controlling nickel exports as well as increasing downstream value, the country's environment minister told delegates at the first Argus Nickel Indonesia conference today. Cecep Mochammad Yasin, director of mineral business development at the energy and mineral resources ministry, said the rapid growth of Indonesian nickel output made it necessary to adjust royalty rates and maintain output controls to preserve "invaluable nickel reserves" and stabilise prices on the international market. The Indonesian government in March adopted Regulation 19 of 2025, increasing royalty rates for nickel ore to 14-19pc, up from a previous flat rate of 10pc, while Ferronickel and NPI royalty rates were introduced at 5-7pc and nickel matte at 3.5-5.5pc. The new rates will take effect from the end of April. "This is a critical step towards ensuring that our natural resources give optimum benefits to all Indonesians by gradually increasing royalty rates," Cecep said. Preserving Indonesia's mineral wealth Cecep emphasised his country's commitment to preserving nickel reserves, saying Indonesia needed to maintain production controls to increase the longevity of critical minerals. "We have a responsibility to manage this resource to ensure availability for future generations," he said. "Massive exploitation of natural resources without regard for conservation will result in resource depletion. We must learn from other countries' experiences to make sure our nickel reserves are not depleted too quickly." Indonesia earlier this year set a production quota for nickel ore in 2025 at around 200mn t, a reduction from 2024's estimated production of 215mn t. The government had previously approved 240mn t of production out to 2026, but a reduction was made in January owing to a nickel supply glut in the international market. Since then, nickel prices have continued to fall, reaching their lowest since early 2020 at $14,000-14,030/t on the London Metal Exchange (LME) on 9 April after US tariffs were announced. Prices have since bounced back to about $15,000/t on continued trade negotiations between the US and other economic partners. The minister also hinted at working with other nickel producing countries "to create a shared understanding of global production management", which he said would be a "key step" towards international price stability. Government officials warned delegates that over the coming years, the quality of nickel grades will decline, as some of the low-hanging fruit has already been picked. "Resource quality will gradually decline," Indonesia's National Economic Council executive director Tubugas Nugraha said. "Over the next 2-3 years this trend will be balanced by increased production, but in the longer term the nickel content, especially in our NPI products will face structural challenges." Increasing downstream ambitions Indonesia has ambitions to add further value downstream in the supply chain, including in stainless steel and battery production, delegates heard. "By promoting the growth of domestic nickel processing and refining industries, we can increase added value and reduce reliance on exports," Tabagus told delegates. "Downstreaming can also absorb part of the supply and produce consistent demand." Tubagus added that downstreaming is part of Indonesia's 2045 plan for economic development, moving from extracting raw ore to producing value-added materials. He added that the country's ambition was to become a "global hub" for stainless steel, battery raw materials and electric vehicle (EV) components. Under the Indonesia Emas 2045 plan, the country plans to invest over $600bn into commodity linked industries in the coming decades, in order to escape what Indonesian national development planning ministry energy resources director Nizhar Marizi called its own "middle-income trap". Tax revenues will be key to this plan, as a report by the World Bank in December 2024 highlighted, saying Indonesia would need "structural reforms" to increase tax receipts and fund its ambitions. By Thomas Kavanagh Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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