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Baltimore opens third temporary shipping channel

  • Spanish Market: Agriculture, Coal, Freight, Metals
  • 22/04/24

A third temporary shipping channel has opened at the Port of Baltimore to allow more vessel traffic around the collapsed Francis Scott Key Bridge.

Located on the northeast side of the main channel, the new passage has a controlling depth of 20-ft, a 300-ft horizontal clearance, and a vertical clearance of 135-ft.

When combined with two other temporary channels opened earlier this month the port should be able to handle "... approximately 15 percent of pre-collapse commercial activity," said David O'Connell, the federal on-scene coordinator.

The main shipping channel of the Port of Baltimore — a key conduit for US vehicle imports and coal exports — is expected to be reopened by the end of May, the Maryland Port Administration said earlier this month.

The bridge collapsed into the water late last month when the 116,851dwt container ship Dali lost power and crashed into one of its support columns. Salvage teams have been working ever since to remove debris from the water and containers from the ship in order to clear the main channel.


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14/07/25

EU tariffs threaten US EAF prime scrap imports

EU tariffs threaten US EAF prime scrap imports

Pittsburgh, 14 July (Argus) — A proposed 30pc tariff on US imports of European scrap could deal another blow to electric arc furnace (EAF) steelmakers' iron metallics supply chains. US president Donald Trump threatened on 12 July to impose steep blanket tariffs on imports of all European goods, effective 1 August . The Netherlands, Poland and Sweden are major suppliers of prime scrap to the US. US steelmakers, already preparing for a 50pc tariff on Brazilian pig iron , would face dwindling options for sourcing essential iron metallics and clean scrap units if both the European and Brazilian tariff threats are implemented next month. The combination could shock the domestic ferrous scrap market in the coming months as mills are forced to rejig their international and domestic iron metallic and prime scrap supply chains. Steelmakers have largely been able to brush aside the bottom-line impacts from the White House's 5 April implementation of 10pc reciprocal tariffs on iron metallics imports from the continent, but the new elevated rates could stifle flows to the US, according to market participants. European prime scrap has accounted for 28pc of all US prime scrap imports through May this year, according to US customs data. US steelmakers imported 222,000 metric tonnes (t) of European prime scrap over this period, up 94pc from the prior year. The European tariff announcement came on the heels of the proposed 50pc tariff on Brazilian goods, which would include pig iron. Brazil is the largest single supplier of pig iron to the US and since 2024 it accounted for nearly 70pc of all shipments to the US, according to US customs data. Seaborne prime scrap bulk cargoes are a natural pivot for US EAF sheet mills trying to substitute a portion of their monthly pig iron supply, but options are limited. US mills would have to increase their seaborne consumption of prime scrap from Canada, Mexico or the UK to offset a portion of the drop. Canada is the largest source of imported prime scrap to the US, at around 31pc through May this year, followed by Mexico at 28pc. But steep tariffs on steel and auto imports from both countries have likely slowed manufacturing and busheling generation. Mexico's industrial production rose by 0.6pc in May from April, driven by a rebound in construction activity but additional tariffs pose a fresh risk to its recovery. The UK is the third largest single source of seaborne primes to the US, at around 13pc of total imports over the same period. But it is unlikely that the UK could offset the potential drop in the European shipments because of its manufacturing footprint and regional competition for prime grades. By Brad MacAulay Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Trump amplifies attacks on renewable energy


14/07/25
14/07/25

Trump amplifies attacks on renewable energy

Washington, 14 July (Argus) — President Donald Trump is ratcheting up criticism of wind and solar projects he says are a "blight", adding uncertainty for investors deciding which projects can still move forward despite the coming end to most of the industry's clean energy tax credits. Trump mounted one of his most expansive attacks yet on the renewable sector last week. For years, Trump has detailed his disgust for wind farms he sees as unsightly and too expensive, whereas he said he was a "big fan of solar" in last year's presidential debate. But Trump's perspective appears to have shifted. He now believes large solar projects are hated by farmers, "very, very inefficient and very ugly too", and should no longer be built. "We don't want wind, and we don't want solar, because they're a blight on our country," Trump said during a cabinet meeting on 8 July. "They hurt our country very badly." That stance offers another troubling sign for investors in wind and solar projects hoping to qualify for the 45Y and 48E clean energy tax credits before they are terminated under Trump's recently signed tax and energy law . Trump already signed an executive order last week seeking a "strict" interpretation of the end of those tax credits, such that fewer projects will meet a safe harbor deadline that will arrive as soon as 31 December. The administration has other potential tools to undermine wind and solar projects, many of which are depending on new electric transmission lines to connect to load centers. Last week, US senator Josh Hawley (R-Arkansas) said he had received assurances from US energy secretary Chris Wright that the administration would be "putting a stop" to the 800-mile Grain Belt Express transmission line, which would connect wind farms in Kansas to the eastern US. Last month, Wright said he sees intermittent power sources as a "parasite on the grid". The Energy Department did not respond to a request for comment. The Energy Department, in a document released this month, indicated it did not plan to spend $383mn that had already been appropriated for wind and solar projects this fiscal year under a bipartisan funding law Trump signed, a unilateral spending reduction that US senator Patty Murray (D-Washington) and US representative Marcy Kaptur (D-Ohio) said was "outrageous" and unlawful. The Trump administration also temporarily halted construction of the fully permitted Empire Wind project off the coast of New York, before allowing work to continue in May. US interior secretary Doug Burgum last month said in congressional testimony that the administration was reviewing "all offshore wind projects" and said there was "no appetite" for adding more "intermittent, unreliable [power] to the grid." Threat to dominance Democrats say attempts to undermine wind and solar will be counterproductive to Trump's own priorities of "energy dominance" because they are among the limited types of projects that can be brought on line quickly. US utility executives and data center developers have said they are facing wait times of three years or more for delivery of turbines for gas-fired turbine, given a surge of global demand for electricity needed for artificial intelligence. "There's a backlog of gas turbines, and geothermal and nuclear takes many years. Nothing else is ready," US senator Brian Schatz (D-Hawaii) said in a social media post last week. "Republican energy policy is to create shortages because they think solar is liberal." Clean energy groups are hoping that Republican lawmakers will pay a political price for voting to cut clean energy tax credits through Trump's recently signed tax and energy law. The industry group Clean Energy for America last week said it launched a billboard advertising campaign that it said was targeted against seven House Republicans who voted for the law. "We're making it clear who is responsible when constituents lose their jobs and find that their monthly electricity bill is higher than they can afford," Clean Energy for America president Andrew Reagan said. By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Malaysia’s thermal coal imports edge higher in May


14/07/25
14/07/25

Malaysia’s thermal coal imports edge higher in May

Singapore, 14 July (Argus) — Malaysia's thermal coal imports slightly on the year in May as coal-fired generation increased. Thermal coal imports — including non-coking bituminous coal, sub-bituminous coal and lignite — rose by 3pc to 3.27mn t in May from 3.17mn t a year earlier, customs data show. Imports increased by 29pc from April. Malaysia imported 14.8mn t in January-May, up by 3.9pc from around 14.3mn t in the same period last year. Indonesian coal accounted for about 72.8pc of Malaysia's imports in May, at 2.38mn t. This is down by 3.8pc on the year, but up by 6pc from April. Receipts from Australia more than doubled to 646,000t in May from 316,000t a year earlier. This was also up from 165,000t in March. Shipments from Australia accounted for nearly 20pc of Malaysia's imports in May. Russian receipts reached nearly 219,000t in May, up by about 13pc on the year and by 24.2pc on the month. Russian coal accounted for 6.7pc of total imports in May. Power generation Malaysia was still affected by the southwest monsoon season in May, the Malaysian Meteorological Department said. The east coast of peninsular Malaysia and Sabah on Malaysian Borneo received higher rainfall at over 60pc above average. But the weather stayed hot in May. Average temperatures ranged from 26-30°C, with peaks reaching 36.2°C in the month, which likely drove demand for coal as a generation fuel. Coal-fired generation averaged 9.8GWh in May, up from 9.72GWh a year earlier but down from 9.9GWh in April, according to data from the Malaysian Electricity Supply Industry (MESI). Coal-fired generation accounted for 57.5pc of Malaysia's power mix in May, down from 59.5pc a year earlier, MESI data show. By Nadhir Mokhtar Malaysia thermal coal imports by origin t May '25 ± on-month (%) ± on-year (%) May '24 April '25 Indonesia 2,379,268 13.0 -3.8 2,473,730 2,105,162 Australia 646,153 292.5 104.2 316,436 164,645 Russia 218,688 24.2 13.4 192,786 176,023 China 23,411 2,129.6 822.1 2,539 1,050 Others 909 -98.8 -99.5 187,323 77,801 Total 3,268,429 29.5 3.0 3,172,814 2,524,681 Malaysia customs data Malaysia's thermal coal imports mn t Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

BHP, CATL, BYD ink battery deals for mining: Update


14/07/25
14/07/25

BHP, CATL, BYD ink battery deals for mining: Update

Beijing, 14 July (Argus) — Australian diversified mining group BHP has signed non-binding deals with China's largest battery manufacturer CATL and largest electric vehicle producer BYD to develop battery solutions for heavy equipment and railway locomotives used in mining activity. BHP and CATL aim to collaborate in areas such as the electrification of mining equipment, construction of fast-charging infrastructure, and energy storage and battery recycling. They plan to accelerate the electrification of BHP's mining operations and to create a replicable "green transformation model" for the global mining industry, CATL said on 14 July. Global demand for critical minerals such as lithium and nickel has increased with the rise in renewable energy technologies. This in turn has spurred the expansion of the mining industry, which is energy-intensive and emissions-intensive, said CATL. BHP aims to achieve net-zero greenhouse gas emissions in its operations by 2050. BHP and FinDreams Battery, a subsidiary of BYD, signed a similar deal on 14 July to research and explore battery system solutions suitable for heavy mining equipment and locomotives, as well as the corresponding fast-charging infrastructure. BHP will use explore the viability of using BYD's commercial and light vehicles in BHP's mines. CATL's total battery capacity is projected to reach 700-1,000 GWh/yr in 2025, which would make it the world's first TWh-level battery manufacturer, according to market participants. The firm has been accelerating expansions outside China in recent years, with projects in Germany, Hungary, Spain, and Indonesia. CATL has been trying to expand its presence in the conventional energy and mining sectors. It is building a 40 GWh/yr factory in Dongying, which is the largest oil refining city in China, with the aim of helping Dongying evolve into a zero-carbon city. China's sales of new energy trucks have increased in 2025, mainly on the back of government subsidies, overtaking LNG trucks in displacing diesel vehicles. The country's sales of new energy trucks in January-June reached about 72,000 units, more than 2½ times year-earlier levels. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

CATL, BHP team up to spur mining electrification


14/07/25
14/07/25

CATL, BHP team up to spur mining electrification

Beijing, 14 July (Argus) — China's largest battery manufacturer CATL has signed a non-binding deal with Australian diversified mining group BHP to develop battery solutions for heavy equipment and railway locomotives used in mining activity. The two firms aim to collaborate in areas such as the electrification of mining equipment, construction of fast-charging infrastructure, and energy storage and battery recycling. They plan to accelerate the electrification of BHP's mining operations and to create a replicable "green transformation model" for the global mining industry, CATL said on 14 July. Global demand for critical minerals such as lithium and nickel has been increasing with the rise in renewable energy technologies. This in turn has spurred the expansion of the mining industry, which is energy-intensive and emissions-intensive, said CATL. BHP aims to achieve net-zero greenhouse gas emissions in its operations by 2050. CATL's total battery capacity is projected to reach 700-1,000 GWh/yr in 2025, which would make it the world's first TWh-level battery manufacturer, according to market participants. The firm has been accelerating expansions outside China in recent years, with projects in Germany, Hungary, Spain, and Indonesia. CATL has been trying to expand its presence in the conventional energy and mining sectors. It is building a 40 GWh/yr factory in Dongying, which is the largest oil refining city in China, with the aim of helping Dongying evolve into a zero-carbon city. China's sales of new energy trucks have increased in 2025 , mainly on the back of government subsidies, overtaking LNG trucks in displacing diesel vehicles. The country's sales of new energy trucks in January-June reached about 72,000 units, more than 2½ times year-earlier levels. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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