The two Iranian vessels stranded in Brazil for almost two months received fuel from Petrobras. The ships left after a Brazilian court ordered the state-owned petroleum company to provide fuel. The Termeh is heading to Imbituba to load up on corn. Both ships delivered urea to Brazil in exchange for corn.
Nutrien Ltd., proved more resilient than expected to U.S. weather disruptions in the second quarter though it did lower its full-year earnings forecasts. Net earnings from continuing operations were up at $858 million from the year-ago $741 million.
The company reported adjusted earnings per share that beat the average analyst estimate, according to Bloomberg, while revenue also exceeded expectations and was up 6.3 percent from the year-ago period. The company’s shares rose about 2 percent in New York after-hours trading.
