Argentina is considering an increase in grains export taxes, an official told local radio on Friday, sparking concern among farm leaders who have long worried that the Peronist government might further intervene in the markets in a bid to control inflation. The South American grains powerhouse is th....
Hellenic Shipping Freight News
Published 3y-6mo-4w-19h-37m ago
Egypt amp 8217 s state grains buyer, the General Authority for Supply Commodities GASC , set a tender on Friday to buy an unspecified amount of wheat from global suppliers for shipment Aug. 11 20. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or milling....
Hellenic Shipping Freight News
Published 3y-6mo-4w-19h-37m ago
Iranian crude oil exports remain at elevated levels so far in April compared to last year, according to two assessments, adding to signs of a recovery in shipments as talks make progress on reviving the 2015 nuclear deal. Tehran’s oil exports have risen since late 2020, despite US sanctions toughe....
Hellenic Shipping Freight News
Published 3y-7mo-19h-36m ago
China imported 55,389 mt of recycled steel raw materials during the first quarter of 2021, up more than 16 fold from the 3,366 mt in the year earlier quarter, Chinese custom data showed April 22. The majority of the imports came from Japan, standing at 30,635 mt or 55.3%, followed by Malaysia volume....
Hellenic Shipping Freight News
Published 3y-7mo-19h-36m ago
US corn net export sales for 2020 21 rose to 387,500 mt over the week ended April 15, US Department of Agriculture data showed on April 22. This quantity was 18% higher than the total from the previous week ended April 8, but was 75% lower than the rolling 4 week average. Most sales were to Mexico, ....
Hellenic Shipping Freight News
Published 3y-7mo-19h-37m ago
Russian wheat exporters are bidding aggressively for new business, even though they don amp 8217 t know how much tax they will need to pay to ship the grain as Moscow steps up its fight to curb domestic food inflation. Russia, one of the world amp 8217 s leading wheat exporters, will launch a form....
Hellenic Shipping Freight News
Published 3y-7mo-1d-7h-37m ago
Higher year over year contracted export capacity on Great Lakes Gas Transmission pipeline combined with lower natural gas injections in Alberta looks likely to boost AECO hub prices during the summer and into winter. Data confirms Great Lakes is heavily contracted for exports this summer. The pipeli....
Hellenic Shipping Freight News
Published 3y-7mo-1d-19h-37m ago
German crude oil imports in January and February fell 20.7% year on year as the COVID 19 pandemic and related lockdowns hit industrial activity, official data showed. Oil volumes in the two months fell to 11.7 million tonnes from 14.8 million in the same months of 2020, statistics from the BAFA fore....
Hellenic Shipping Freight News
Published 3y-7mo-1d-19h-37m ago
South Korea amp 8217 s US crude imports in March surpassed the 10 million barrel/month mark for the first time in almost a year, as local refiners gradually favor North American barrels over Persian Gulf supply due to the extended uptrend in the Middle Eastern official selling prices, while the sha....
Hellenic Shipping Freight News
Published 3y-7mo-1d-19h-37m ago
Jordan amp 8217 s state grain buyer made no purchase in an international tender for 120,000 tonnes of animal feed barley which closed on Wednesday, European traders said. A new tender is expected to be issued closing next week, traders said. Only one trading house had participated in Wednesday amp ....
Hellenic Shipping Freight News
Published 3y-7mo-1d-19h-37m ago
U.S. crude oil imports and exports both decreased during the week ending April 16, the U.S. Energy Information Administration EIA said. U.S. crude oil imports averaged 5.4 million barrels per day b/d last week, down by about 448,000 b/d from the previous week, while crude oil exports averaged ab....
Hellenic Shipping Freight News
Published 3y-7mo-1d-23h-36m ago
China amp 8217 s gasoil exports in March rebounded to a 12 month high at 2.81 million mt, as refiners stepped up efforts to draw down their excess inventories, while looking to capture improved export margins in the Asian middle distillates market, latest data from the General Administration of Cus....
Hellenic Shipping Freight News
Published 3y-7mo-2d-3h-36m ago
The Chinese economy largely needs an increase in natural gas supplies from Russia, Chairman of the Board of Directors of Gazprom Viktor Zubkov told TASS on Wednesday, adding that the Russian gas producer is ready to satisfy that ever growing demand. amp 8220 Consumption on the Chinese gas market i....
Hellenic Shipping Freight News
Published 3y-7mo-2d-23h-36m ago
A large cargo of Romanian wheat has set sail for France, marking an unusually big import of the grain by the European Union amp 8217 s biggest wheat exporter, traders said. The Star Harmony bulk carrier was thought to be carrying around 45,000 tonnes of wheat from the Romanian Black Sea port of Con....
Hellenic Shipping Freight News
Published 3y-7mo-3d-3h-36m ago
China’s 1st quarter record performance will accelerate momentum in China and support recovery in the US and global economic prospects – as long as unwarranted geopolitical tensions remain in check. A year ago, China’s first quarter plunge was 6.8 percent, due to the pandemic effect. In the We....
Hellenic Shipping Freight News
Published 3y-7mo-3d-7h-37m ago
China has the solid foundation to maintain stability in the consumer goods and industrial materials prices, Meng Wei, spokesperson of the country’s National Development and Reform Commission NDRC , commented on April 19 at the press conference on the first quarter domestic economic performance. N....
Hellenic Shipping Freight News
Published 3y-7mo-3d-7h-37m ago
Libya amp 8217 s National Oil Corporation has declared force majeure on crude exports out of Marsa el Hariga terminal as production from its key eastern fields is set to fall due to a budget row, it said late on April 19. This comes after NOC subsidiary Arabian Gulf Oil Co., or Agoco, had halted ou....
Hellenic Shipping Freight News
Published 3y-7mo-3d-19h-36m ago
Iraq has awarded Chinese state owned Sinopec a contract to develop the 4.5 Tcf Mansuriyah gas field in the eastern province of Diyala, the Iraqi oil ministry said April 20, as OPEC amp 8217 s second largest oil producer seeks to lower its reliance on Iranian energy imports. The ministry did not dis....
Hellenic Shipping Freight News
Published 3y-7mo-3d-19h-37m ago
Soft wheat exports from the European Union in the 2020/21 season that started last July had reached 21.34 million tonnes by April 18, data published by the European Commission showed. That was down from 28.35 million tonnes cleared by the same week last season, the data showed. The Commission added,....
Hellenic Shipping Freight News
Published 3y-7mo-3d-19h-37m ago
Chinese trade data gave a mixed snapshot of neighbour Myanmar amp 8217 s ability to keep up metal shipments in March amid unrest after February amp 8217 s coup, with flows of nickel pig iron NPI dwindling to almost nothing but those of copper doubling month on month. With Chinese firms directly ....
Hellenic Shipping Freight News
Published 3y-7mo-3d-19h-37m ago
Russia amp 8217 s Rosneft issued a spot tender to sell 90,000 tonnes of CPC Blend crude oil loading from Black Sea amp 8217 s Yuzhnaya Ozereyevka terminal on May 25 26 in a spot tender, two traders familiar with the tender told Reuters. The tender closes on April 20 at 1400 Moscow time 1100 GMT .....
Hellenic Shipping Freight News
Published 3y-7mo-4d-3h-36m ago
Ridley Terminals in Prince Rupert, British Columbia, exported 668,163 mt of thermal and metallurgical coal in March, down 2.6% from February and down 41.4% from the year ago month, Prince Rupert Port Authority data showed April 19. Over three months, exports were down 17.6% from the year ago period,....
Hellenic Shipping Freight News
Published 3y-7mo-4d-3h-36m ago
US corn inspected for exports in the week ended April 15 totaled 1.524 million mt, down 12% from 1.728 million mt in the prior week, but up 108% from the year ago week, the Department of Agriculture said April 19. The USDA made an adjustment for last week corn shipments, which were at 1.584 million ....
Hellenic Shipping Freight News
Published 3y-7mo-4d-3h-37m ago
Saudi Arabia’s crude oil exports fell to their lowest in eight months in February, the Joint Organisations Data Initiative JODI said on Monday, as the world’s biggest oil exporter voluntarily capped output to support oil prices. Crude exports fell to 5.625 million barrels per day bpd , their ....
Hellenic Shipping Freight News
Published 3y-7mo-4d-7h-37m ago
French LNG terminals are likely to keep attracting LNG cargoes from the United States this summer, on the back of an increasing PEG premium to the Henry Hub front month and tight spreads between French PEG and Asian LNG prices. The United States were France’s first source of LNG supply in both Mar....
Hellenic Shipping Freight News
Published 3y-7mo-4d-7h-37m ago
The head of the Mediterranean Ferrous and Non Ferrous Metals Exporters Association ADMIB stated that steel exports from Turkey amp 8217 s southern Mediterranean Sea region increased 106 percent in March on an annual basis, standing at USD197 million. Iron exports from the region improved by 57 pe....
Hellenic Shipping Freight News
Published 3y-7mo-4d-19h-36m ago
Ukrainian wheat export prices have resumed growth last week, adding $5 a tonne over the week amid uncertainty over the weather in the United States and Europe, the APK Inform agriculture consultancy said on Monday. Bid prices for high quality soft milling wheat increased to $237 $241 a tonne FOB Bla....
Hellenic Shipping Freight News
Published 3y-7mo-4d-19h-37m ago
China sold 410,700 tonnes of wheat, or 10.22% of the total offered, at an auction of state reserves last week, the National Grain Trade Center said in a statement on Monday. The volume sold, at an average price of 2,401 yuan $367.68 per tonne, declined further from the prior week after the governm....
Hellenic Shipping Freight News
Published 3y-7mo-4d-19h-37m ago
China amp 8217 s diesel exports in March hovered near a record level, data showed on Sunday, as companies battled to ease brimming domestic inventories. Diesel shipments totalled 2.81 million tonnes last month, versus previous monthly record at 2.83 million tonnes in March 2020, data from the Gener....
Hellenic Shipping Freight News
Published 3y-7mo-5d-7h-36m ago
This report is part of the S amp 38 P Global Platts Metals Trade Review series, where we dig through datasets and digest some of the key trends in steel, iron ore, metallurgical coal, scrap and alumina. We also explore what the next few months could bring, from supply and demand shifts, to new arbi....
Hellenic Shipping Freight News
Published 3y-7mo-5d-7h-37m ago
Russian and US relations have turned frosty again after a new round of US sanctions but when it comes to Moscow amp 8217 s oil, US refiners are more dependent on it than ever. Imports of Russian oil, which consists mainly of fuel oil feedstocks and some crude, recently reached a 10 year high as US ....
Hellenic Shipping Freight News
Published 3y-7mo-5d-19h-36m ago
China’s fuel exports are likely to expand by nearly a third this year as the world’s second largest oil consumer adds new refineries that will exacerbate a supply overhang, said a unit of top oil and gas group China National Petroleum Company. An estimated 14.74 million tonnes per year, or 295,0....
Hellenic Shipping Freight News
Published 3y-7mo-5d-19h-37m ago
Germany imported 5.7% less natural gas in the first two months of 2021 but increased its bill by 2.6% over a year earlier, data from trade statistics office BAFA showed. Gas, power and carbon traders monitor gas imports because the supply and demand balance can change prices and traded volumes in al....
Hellenic Shipping Freight News
Published 3y-7mo-1w-19h-36m ago
Energy infrastructure company New Fortress Energy has signed a Memorandum of Understanding MOU to supply natural gas to a subsidiary of Norsk Hydro. The agreement with the Alunorte Alumina Refinery in Brazil will last for a period of 15 years. Under the MOU New Fortress Energy will deliver a minim....
Hellenic Shipping Freight News
Published 3y-7mo-1w-19h-36m ago
China amp 8217 s oil product exports are expected to rise by 31.7% year on year to around 54.7 million mt in 2021, as the recovery in the jet fuel market and an improving macro economic outlook worldwide post COVID 19 supports demand, a report from the Economics and Technology Research Institute, o....
Hellenic Shipping Freight News
Published 3y-7mo-1w-19h-36m ago
China’s 2021 net crude oil imports are forecast to grow 3.4% this year versus 2020 to about 559 million tonnes, according to a research arm of state oil and gas group China National Petroleum Company. CNPC also sees China’s refined fuel exports to expand nearly 32% this year to 54.7 million tonn....
Hellenic Shipping Freight News
Published 3y-7mo-1w-23h-36m ago
Flour millers in Indonesia this week bought around 120,000 tonnes of old crop Black Sea wheat for shipment in June, two Singapore based traders said on Friday. amp 8220 Prices paid by Indonesian millers ranged between $285 $290 a tonne, including cost and freight C amp 038 F , depending on the p....
Hellenic Shipping Freight News
Published 3y-7mo-1w-23h-36m ago
US corn net export sales for 2020/21 during the week ended April 8 were 57% lower than the prior week total, US Department of Agriculture data showed April 15. The 327,700 mt sold was 81% below the four week rolling average as well. This quantity fell outside the market amp 8217 s expected range of....
Hellenic Shipping Freight News
Published 3y-7mo-1w-1d-3h-36m ago
Consultancy Strategie Grains on Thursday raised its monthly forecast for soft wheat exports from the European Union and Britain in the 2020/21 season by 200,000 tonnes to 25.4 million tonnes, adding pressure on its low ending stock forecast. It did not give a reason for the change but emphasised tha....
Hellenic Shipping Freight News
Published 3y-7mo-1w-1d-3h-36m ago
Weekly US crude exports fell over the week ended on April 9, however, despite the week on week fall, the four week moving average for US crude exports rose to its highest level since the period ended Feb. 19, according to the US Energy Information Administration. US crude exports over the week ended....
Hellenic Shipping Freight News
Published 3y-7mo-1w-1d-7h-37m ago
Pavilion Energy Singapore Pte. Ltd. “Pavilion Energy” has imported a carbon neutral LNG cargo into Singapore – the first for Singapore and Pavilion Energy. Carbon emissions associated with the LNG cargo from well to tank1 including the extraction, production, transportation, and regasificati....
Hellenic Shipping Freight News
Published 3y-7mo-1w-1d-19h-36m ago
Importers in the Philippines are tendering to purchase around 380,000 tonnes of milling wheat and animal feed wheat, European traders said on Thursday. The deadline for price submissions is Friday, April 16. The group is seeking a series of consignments for shipment between June and September. Some ....
Hellenic Shipping Freight News
Published 3y-7mo-1w-1d-19h-37m ago
Bharat Petroleum Corporation BPCL , a major public sector oil refiner, plans to further reduce its dependence on crude oil from West Asia to 50% from 65% at present as the company plans to increase sourcing from countries in West Africa, Far East and Latin America. The plan, to be implemented in ph....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-3h-36m ago
China’s March copper imports rose 25% from a year earlier, customs data showed on Tuesday, amid increasing demand for the metal and as arrivals climbed after logistics issued were resolved. Arrivals of unwrought copper and products totalled 552,317 tonnes last month, the General Administration of ....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-3h-36m ago
Malaysia has replaced Indonesia as the largest palm oil exporter to India for the first time due to a widening tax difference between the world amp 8217 s two biggest palm oil suppliers. India – the world amp 8217 s largest importer of vegetable oil – bought 1.68 million mt of crude palm oil f....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-3h-37m ago
Supply gluts of Angolan and Nigerian crude remained sizeable as both Europe and Asia rein in buying during refinery maintenance season and competing grades attract buyer interest. * Nearly 10 cargoes of May loading Angolan crude remain unsold. * China amp 8217 s Unipec purchased a cargo of Saturno ....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-7h-36m ago
China’s record imports of Iranian crude in recent months has squeezed out supply from rival producers, forcing sellers of oil from countries such as Brazil, Angola and Russia to slash prices and divert shipments to India and Europe. The jump in Iranian volumes took the market by surprise and has c....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-7h-36m ago
Russia amp 8217 s revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027 2029 and seeing world demand drop, according to a draft document on the development of the sector up to 2035 being reviewed by the State Duma and set to be approved....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-7h-37m ago
A total of 49.72 million tons of iron ore concentrates were produced in Iran during the last fiscal year ended on March 20 , registering a 5% growth compared with the year before, Trend reports citing Mehr . According to the latest data released by the Industries Ministry, the country produced 3.5 ....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-19h-36m ago
Earlier this week, a 400 meter long container ship halted transit in both directions on one of the world’s major seaborne trade chokepoints after running aground across a single lane stretch of the canal. Getting the vessel out of the way may take days if not weeks, according to maritime experts. ....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-19h-36m ago
India’s palm oil imports in March jumped 57% year on year as refiners increased purchases of the tropical oil to reduce expensive sunflower oil imports, a trade body said on Thursday. The country imported 526,463 tonnes of palm oil last month, while soyoil imports eased by 3% to 284,200 tonnes, th....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-19h-37m ago
Ukraine amp 8217 s grain exports have fallen by 23.7% to 36.5 million tonnes so far this season, which runs from July 2020 to June 2021, economy ministry data showed on Tuesday. The exports included 14.5 million tonnes of wheat, 17.3 million tonnes of corn and 4.1 million tonnes of barley, the data....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-19h-37m ago
Britain amp 8217 s wheat imports slowed in February but are still running well above last season amp 8217 s pace, customs data showed on Tuesday. Wheat imports for the month totalled 94,956 tonnes, down from 106,531 tonnes in January and the lowest monthly total so far for the 2020/21 season, whic....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-19h-37m ago
Imports of crude oil into Canada dropped 20% year on year in 2020 due to weak demand as a result of the COVID 19 pandemic, the Canada Energy Regulator said in an analysis released Wednesday. Canada imported 555,000 barrels per day bpd last year, the lowest level in at least 10 years, down from 693....
Hellenic Shipping Freight News
Published 3y-7mo-1w-2d-23h-36m ago
Above average residual fuel spot exports by Thailand in April is likely to further weigh on an already well supplied Asian market, traders said. The country amp 8217 s spot residual fuel exports for April are expected to touch 130,000 mt, up from the typical average of 60,000 70,000 mt/month that T....
Hellenic Shipping Freight News
Published 3y-7mo-1w-3d-3h-36m ago
India has emerged as the top buyer of US crude in the first quarter of calendar year 2021 from second biggest buyer last year as the world amp 8217 s third largest oil consumer looks at alternate sources of crude amidst a spat with Saudi Arabia, the world amp 8217 s largest producer, to lift outpu....
Hellenic Shipping Freight News
Published 3y-7mo-1w-3d-3h-36m ago
Black Sea CPC Blend oil exports from Yuzhnaya Ozereyevka terminal were set at 5.27 million tonnes for May compared to 5.02 million tonnes planned for export in April, the schedule showed. On a daily basis, CPC Blend loadings will rise by 1.6% next month compared to April, Reuters calculations showed....
Hellenic Shipping Freight News
Published 3y-7mo-1w-3d-19h-36m ago
China’s crude oil imports jumped 21% in March from a low base of comparison a year earlier as refiners ramped up operation amid robust fuel demand post COVID 19, though purchases slowed ahead of the maintenance season. The world’s top crude oil buyer imported 49.66 million tonnes last month, equ....
Hellenic Shipping Freight News
Published 3y-7mo-1w-3d-19h-36m ago
CBH Group, a grain growers amp 8217 cooperative based in Western Australia, has declared force majeure for Geraldton and parts of Kwinana port zones following damages from cyclone Seroja on April 11, according to an emailed notification seen by S amp 38 P Global Platts. amp 8220 Damaging wind g....
Hellenic Shipping Freight News
Published 3y-7mo-1w-3d-19h-36m ago
Brazil exported 3.06 million 60 kg bags of green coffee in March, 2.7% less than in the same month a year earlier, exporters association Cecafe said in a monthly report on Monday. Shipments of arabica coffee fell 6.3% in March to 2.71 million bags, while exports of robusta coffee increased 38% to 35....
Hellenic Shipping Freight News
Published 3y-7mo-1w-3d-19h-37m ago
Sugar mills have exported 2.49 million tonnes of the sweetener so far in the ongoing 2020 21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said on Monday. Mills have contracted to export 3.33 million tonnes of sugar so far as against the 6 million tonnes quot....
Hellenic Shipping Freight News
Published 3y-7mo-1w-3d-19h-37m ago
Steel exports touched a record high in FY21, saving the day for companies, as domestic consumption dragged due to Covid related disruptions in the first half of the year. Data compiled by Joint Plant Committee JPC shows that finished steel exports between April March 2020 2021 provisional stood ....
Hellenic Shipping Freight News
Published 3y-7mo-1w-3d-19h-37m ago
Abu Dhabi National Oil Co has announced acceptances of May loading term LPG cargo nominations with delays for a few lifters, but without cuts, market sources said April 12. A China based importer saw a few days amp 8217 delay from its nominated dates while a Japanese trading house received a 10 da....
Hellenic Shipping Freight News
Published 3y-7mo-1w-4d-3h-37m ago
Top oil exporter Saudi Arabia will meet most Asian customers’ requirements for May loading crude after some buyers had asked for lower volumes partly because of refinery maintenance and higher prices, several trade sources said on Monday. The demand for lower volumes comes just as the kingdom is s....
Hellenic Shipping Freight News
Published 3y-7mo-1w-4d-7h-36m ago
Malaysia amp 8217 s nationwide switchover to using the Euro 5, or 10 ppm sulfur specification for gasoil from April 1 is expected to boost imports of the lower sulfur grade, industry sources said, as several domestic refiners are not able to meet the new specifications. Traders, however, said that ....
Hellenic Shipping Freight News
Published 3y-7mo-1w-4d-19h-36m ago
Russia has offered Pakistan liquefied natural gas LNG supplies, Foreign Minister Sergey Lavov has revealed, as the South Asian nation is facing more gas shortages in the near future. The two countries discussed deepening bilateral ties, including in energy and trade, earlier this week when Lavrov ....
Hellenic Shipping Freight News
Published 3y-7mo-1w-5d-3h-37m ago
Methanol imports into the US decreased 18.5% month on month in February 2021, data from the US International Trade Commission showed, following a deep freeze late in the month that led to the temporary closure of several regional ports on the US Gulf Coast. In addition to port closures in late Febru....
Hellenic Shipping Freight News
Published 3y-7mo-2w-19h-36m ago
Copagaz has signed an agreement to become Brazil’s first private distributor to import cooking gas, or liquefied petroleum gas LPG , by boat in a deal with Argentina’s Transportadora de Gas del Sur TGS , an executive told Reuters. The move reflects changes in the Brazil’s fuel market as stat....
Hellenic Shipping Freight News
Published 3y-7mo-2w-19h-37m ago
The amount of natural gas flowing to U.S. liquefied natural gas LNG export plants was on track to drop to a six week low on Thursday due to planned work at Cheniere Energy Inc’s Corpus Christi in Texas, according to analysts and Refinitiv. LNG feedgas was on track to fall to 9.1 billion cubic fe....
Hellenic Shipping Freight News
Published 3y-7mo-2w-19h-37m ago
US weekly corn export shipments for the 2020 21 marketing year September August totaled 2.053 million mt in the week ended April 1, up 4% from 1.978 million mt in the previous week, Department of Agriculture data showed April 8. The weekly export shipments for the 2020 21 marketing year were up 6%....
Hellenic Shipping Freight News
Published 3y-7mo-2w-1d-3h-36m ago
Escalating tensions on Ukraine amp 8217 s eastern border with Russia has not affected domestic grain exports and prices, traders said on Friday, adding that they are closely monitoring the situation in a region provides a significant part of the world amp 8217 s food needs. Kyiv has expressed conc....
Hellenic Shipping Freight News
Published 3y-7mo-2w-1d-3h-36m ago
Unipec amp 8212 a trading arm of Chinese national oil company Sinopec amp 8212 recently purchased over 40 LNG cargoes in a strip tender for deliveries in the period of June 2021 February 2022, sources with the tender document told S amp 38 P Global Platts April 8. The tender closed on April 6....
Hellenic Shipping Freight News
Published 3y-7mo-2w-1d-7h-37m ago
South Korean refiners are planning to raise gasoline exports in the second quarter as they see motor fuel demand recovery in external markets outpacing the pickup in domestic consumption amp 8212 just as export margins surge as a slew of refinery operation hiccups across the region significantly ....
Hellenic Shipping Freight News
Published 3y-7mo-2w-1d-19h-37m ago
China’s Commerce Ministry said on Monday it has launched an anti dumping probe into imports of stainless steel billet and hot rolled stainless steel sheet and plate from the European Union, Japan, South Korea and Indonesia. The move follows a complaint by Shanxi Taigang Stainless Steel, it said. C....
Hellenic Shipping Freight News
Published 3y-7mo-2w-1d-23h-36m ago
Soft wheat exports from the European Union in the 2020/21 season that started last July had reached 20.26 million tonnes by April 4, data published by the European Commission showed. That was down from 26.33 million tonnes cleared by the same week last season, the data showed. Since Jan. 1, the Euro....
Hellenic Shipping Freight News
Published 3y-7mo-2w-2d-3h-36m ago
Tunisia amp 8217 s state grains agency has issued an international tender to purchase 75,000 tonnes of soft wheat, European traders said on Wednesday. The tender closes on Thursday April 8, they said. The grain can be sourced from optional origins. The wheat is sought in three 25,000 tonne consignm....
Hellenic Shipping Freight News
Published 3y-7mo-2w-2d-3h-36m ago
U.S. sanctioned Venezuela managed to ship more crude in March directly to China, its main export destination, even as overall shipments dipped modestly last month, according to internal documents and Refinitiv Eikon data. The South American country’s state run oil company, PDVSA, and its joint ven....
Hellenic Shipping Freight News
Published 3y-7mo-2w-2d-19h-37m ago
Colombian coal exports jumped to a 13 month high of 7.38 million mt in February, up 90.4% from 3.88 million mt in January and 3.2% higher than the 7.15 million mt exported in the year ago month, according to data from government statistics agency DANE released April 6. The 7.38 million mt was the se....
Hellenic Shipping Freight News
Published 3y-7mo-2w-2d-19h-37m ago
Global responses to the COVID 19 pandemic substantially reduced trade of many petroleum products to and from the United States during the first half of 2020. Exports of selected petroleum products mainly consumed as transportation fuels—distillate fuel oil, motor gasoline, and jet fuel—collectiv....
Hellenic Shipping Freight News
Published 3y-7mo-2w-2d-19h-37m ago
Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week. Energy relations between India, the world’s thir....
Hellenic Shipping Freight News
Published 3y-7mo-2w-3d-7h-36m ago
Russian state run energy giant Gazprom increased shipments of natural gas to Europe by 30.7% in the first quarter of the current year, preliminary data shows. The impressive year on year surge, to nearly 53 billion cubic meters, is reportedly due to the cold in European terms winter season. In Mar....
Hellenic Shipping Freight News
Published 3y-7mo-2w-3d-7h-37m ago
China amp 8217 s dependence on LPG imports fell to around 30% of total consumption in 2020 from 32% in both 2019 and 2018, but its increasing domestic LPG production is being largely absorbed by households, refineries and inland petrochemical plants, while propane dehydrogenation units and coastal ....
Hellenic Shipping Freight News
Published 3y-7mo-2w-3d-7h-37m ago
Sri Lanka on Monday banned imports of palm oil and new palm plantations, and told producers to uproot existing plantations in a phased manner, in a surprise move that baffled the edible oil industry. Palm oil imports and the number of plantations have been increasing in recent years in Sri Lanka, a ....
Hellenic Shipping Freight News
Published 3y-7mo-2w-3d-19h-36m ago
Bakken natural gas flows onto Northern Border Pipeline are starting to show slight declines, signaling a reverse of the ever growing gains seen over the last few years, allowing for the possibility of more exports from Western Canada into the US Midwest this summer. A slight dip in Bakken production....
Hellenic Shipping Freight News
Published 3y-7mo-2w-3d-19h-37m ago
The Saudi Grains Organization SAGO has completed procedures to import the second batch of wheat for 2021 from the Black Sea countries, EU, Australia and the North and South America. The tender comprising 295,000 tons of wheat will reach the Kingdom between May and June 2021 through its different p....
Hellenic Shipping Freight News
Published 3y-7mo-2w-3d-19h-37m ago
Jordan amp 8217 s state grains buyer postponed an new international tender to purchase 120,000 tonnes of animal feed barley with price offers now to be submitted on April 13, European traders said on Tuesday. The deadline for submission of price offers in the tender was previously Tuesday, April 6.....
Hellenic Shipping Freight News
Published 3y-7mo-2w-3d-19h-37m ago
State run refiner Indian Oil Corporation IOC has made its first purchase of Norway amp 8217 s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters. IOC will take delivery of two million barrels of the North....
Hellenic Shipping Freight News
Published 3y-7mo-2w-4d-3h-36m ago
China sold 1.588 million tonnes of wheat, or 39.48% of the total on offer, at an auction of state reserves last week, the National Grain Trade Center said in a statement late last Friday. The volume sold, at an average price of 2,363 yuan $360.36 per tonne, rose slightly from around 1 million tonn....
Hellenic Shipping Freight News
Published 3y-7mo-2w-4d-3h-36m ago
Iraq amp 8217 s total crude exports in March, including flows from the semi autonomous Kurdistan region, fell 0.8% month on month, data from the oil ministry and shipping reports showed, amid signs of tighter compliance with OPEC+ output cuts. OPEC amp 8217 s second largest producer exported 3.280....
Hellenic Shipping Freight News
Published 3y-7mo-2w-4d-7h-37m ago
China, the world amp 8217 s largest crude importer, has started to reduce its reliance on West African oil, smitten by the lure of cheaper Iranian oil amid a backdrop of swollen inventories and higher flat prices. This is a huge setback for Angola and Republic of Congo, which are heavily reliant on....
Hellenic Shipping Freight News
Published 3y-7mo-2w-4d-7h-37m ago
A direct cargo train on Thursday left for Milan from Xi amp 8217 an, capital of northwest China amp 8217 s Shaanxi Province, marking the departure of the 100th direct express since the service was launched last year. As of Thursday, about 60,725 tonnes of cargo was transported via the Xi amp 8217....
Hellenic Shipping Freight News
Published 3y-7mo-2w-4d-19h-36m ago
China is fast becoming Iraq amp 8217 s most important customer of its Basrah Medium crude, with several refineries growing fond on the new medium sour grade amid tight Saudi crude supply and attractive Iraqi selling prices, but it may take a while to gain wider acceptance in the Chinese refining se....
Hellenic Shipping Freight News
Published 3y-7mo-2w-4d-19h-37m ago
Russian pipeline operator Transneft said that it expects to ship 34.82 million mt, equivalent to around 8.5 million b/d, of Russian oil in April. This would represent an increase of 2.6% on daily average deliveries of 8.28 million b/d shipped in March 2021. Increases in month on month delivery volum....
Hellenic Shipping Freight News
Published 3y-7mo-2w-4d-19h-37m ago
U.S. exports of liquefied natural gas LNG to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID 19 pandemic, Eikon trade data shows. As with the ramp up of U.S. oil exports that ....
Hellenic Shipping Freight News
Published 3y-7mo-2w-4d-19h-37m ago
S amp 38 P Global Platts Atlantic LNG MOC saw a total of 57 bids/offers in March, making it the highest monthly volume ever, surpassing the last record in July 2019, when 45 were reported by market participants. The Atlantic LNG MOC is the price assessment process for Platts Northwest Europe, Medit....
Hellenic Shipping Freight News
Published 3y-7mo-2w-4d-19h-37m ago
South Korea amp 8217 s March crude oil imports tumbled 16.5% to 70.2 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energy showed on Thursday. Final data will be released later this month by state run Korea National Oil Corp KNOC . Note: The ministry....
Hellenic Shipping Freight News
Published 3y-7mo-3w-1d-19h-36m ago
Algeria’s state grains agency OAIC has purchased about 500,000 tonnes of optional origin milling wheat in an international tender that closed on Wednesday, European traders said on Thursday. Trade estimates were between 500,000 and 550,000 tonnes, above initial estimates early Wednesday evening. O....
Hellenic Shipping Freight News
Published 3y-7mo-3w-1d-19h-37m ago
Saudi Arabia amp 8217 s state wheat buying agency, the Saudi Grains Organization SAGO , on Thursday said it has issued an international tender to purchase about 295,000 tonnes of wheat. SAGO Governor Ahmed Al Fares said in a statement that the wheat is sought in five individual shipments for arriv....
Hellenic Shipping Freight News
Published 3y-7mo-3w-1d-19h-37m ago
U.S. crude oil imports and exports both increased during the week ending March 26, the U.S. Energy Information Administration EIA said on Wednesday. U.S. crude oil imports averaged 6.1 million barrels per day b/d last week, up by about 523,000 b/d from the previous week, while crude oil exports ....
Hellenic Shipping Freight News
Published 3y-7mo-3w-1d-19h-37m ago
Japan imported from the United Arab Emirates 18.742 million barrels of crude oil in February 2021, data released by the Agency of Energy and Natural Resource in Tokyo showed. This accounts for 25.9 percent of Japan amp 8217 s total crude imports in that month, the agency that belong to the Ministry....
Hellenic Shipping Freight News
Published 3y-7mo-3w-1d-23h-37m ago
Russia amp 8217 s Urals and Siberian Light oil exports from Black Sea amp 8217 s Novorossiisk port were revised by 0.14 million tonnes to 1.77 million tonnes in April, two traders said. Rosneft added an extra cargo of 140,000 tonnes of Urals oil to the loading plan from Novorossiisk on April 26 27....
Hellenic Shipping Freight News
Published 3y-7mo-3w-2d-7h-37m ago
The reopening of the Suez Canal has brought relief to some Asian chemical markets but worries still linger over current shipments and how long the backlog of vessels waiting to transit the key waterway will be cleared. Vessels began entering the Suez Canal late on Monday after a containership that h....
Hellenic Shipping Freight News
Published 3y-7mo-3w-2d-7h-37m ago
ENN LNG Singapore Pte Ltd, a unit of private Chinese gas distributor ENN Group, has issued a tender seeking liquefied natural gas LNG for 10 years starting in 2022, a trading source with direct knowledge of the matter said. In what would be the firm’s largest long term tender, ENN LNG sought b....
Hellenic Shipping Freight News
Published 3y-7mo-3w-2d-19h-36m ago
Ukrainian wheat export prices have fallen to five month lows due to limited demand from exporters and a global downward trend, analysts at consultancy APK Inform said on Wednesday. Asking prices for 12.5% protein soft milling wheat fell to $251 $256 per tonne FOB Black Sea as of March 30, down $23 f....
Hellenic Shipping Freight News
Published 3y-7mo-3w-2d-19h-36m ago
Jordan’s state grains buyer is thought to have purchased 60,000 tonnes of animal feed barley in an international tender which closed on Tuesday, traders said. The state buyer purchased the barley from COFCO International at $253 a tonne, including cost and freight c amp 038 f for shipment in th....
Hellenic Shipping Freight News
Published 3y-7mo-3w-2d-19h-37m ago
Tighter supply in Asia kickstarted chartering activity for US to Asia naphtha arbitrage flows, amid tighter supply in Asia due to the logistical chokehold at the Suez Canal. While the mega container ship Ever Given was freed on March 29 and moved to a waiting area at the Great Bitter Lake, the Suez ....
Hellenic Shipping Freight News
Published 3y-7mo-3w-3d-3h-36m ago
Soft wheat exports from the European Union in the 2020/21 season that started last July had reached 19.79 million tonnes by March 28, data published by the European Commission showed. That was down from 25.62 million tonnes cleared by the same week last season, the data showed. Since Jan. 1, the Eur....
Hellenic Shipping Freight News
Published 3y-7mo-3w-3d-3h-36m ago
U.S. gas producers have become increasingly reliant on liquefied natural gas LNG exports to Europe and Asia to absorb their growing output and prevent domestic prices from plunging as a result of oversupply. Between 2015 and 2020, U.S. gas production grew roughly twice as fast 4.3% per year on av....
Hellenic Shipping Freight News
Published 3y-7mo-3w-3d-7h-37m ago
South Korean refiners are looking to revive US crude oil purchases over the coming trading cycles as major Middle Eastern suppliers maintain strong discipline over production levels and continue raising their official selling prices, while domestic transportation fuel demand is expected to improve f....
Hellenic Shipping Freight News
Published 3y-7mo-3w-3d-7h-37m ago
Ukraine amp 8217 s wheat exports in the 2020/21 July June season will not reach the previously predicted volume of 17.5 million tonnes, deputy Ukrainian economy minister Taras Vysotskiy said on Tuesday. Vysotskiy said the current pace of shipments were slower than expected and by 500,000 tonnes les....
Hellenic Shipping Freight News
Published 3y-7mo-3w-3d-19h-36m ago
The stellar rise of the US from supplying its maiden crude cargo to India to becoming the second largest supplier in three years is a sign that New Delhi has an aggressive diversification strategy in place that provides flexibility in sourcing cargoes from a world awash with oil, Petroleum Minister ....
Hellenic Shipping Freight News
Published 3y-7mo-3w-4d-3h-36m ago
When Coors introduced the first all aluminium beverage can in 1959, it offered one cent on every can returned. The U.S. brewer knew it could recycle the used cans to make new cans at a fraction of the cost of virgin metal. Recycling uses only 5% of the energy needed to convert alumina into primary a....
Hellenic Shipping Freight News
Published 3y-7mo-3w-4d-3h-37m ago
A rapid increase in China’s crude oil refinery capacity will see it dominate exports in the Asia Pacific region APAC , particularly to Australia where concerns are growing of a vulnerability in the supply chain, experts say. China customs data shows that the country’s exports of refined oil pro....
Hellenic Shipping Freight News
Published 3y-7mo-3w-4d-7h-37m ago
The Russian Energy Ministry said that the logjam in the Suez Canal has barely impacted exports of Russia amp 8217 s key crude grade Urals, which uses other delivery routes. amp 8220 Russia amp 8217 s unique geographical location gives it natural advantages in the global energy market in terms of....
Hellenic Shipping Freight News
Published 3y-7mo-3w-4d-7h-37m ago
Plans by billionaire Andrew Forrest to have a liquefied natural gas LNG terminal ready by 2022 means Australia won’t suffer a supply shortfall until 2026, two years later than previously forecast, the energy market operator said on Monday. “This development comes at a critical time, as existin....
Hellenic Shipping Freight News
Published 3y-7mo-3w-4d-19h-36m ago
China sold 1.03 million tonnes of wheat, or 25.75% of the total on offer, at an auction of state reserves last week, the National Grain Trade Center said in a statement on Monday. The volume sold, at an average price of 2,354 yuan $359.75 per tonne, declined from more than 1.6 million tonnes sold ....
Hellenic Shipping Freight News
Published 3y-7mo-3w-4d-19h-37m ago
Iran and China signed a sweeping 25 year trade and security cooperation pact that could lead to increased oil flows from Tehran to Beijing. The exact text of the deal was not released, but Iran amp 8217 s semi official Tasnim news agency reported that in exchange for greater access to Iranian oil, ....
Hellenic Shipping Freight News
Published 3y-7mo-3w-4d-19h-37m ago
The UAE’s oil exports won amp 8217 t be impacted by the closure of Suez Canal as most of the crude is now exported to Asian countries, says analyst. The UAE can also channel its oil exports through the Sumed pipeline if the ongoing crisis prolongs. “The UAE’s oil exports are unlikely to be im....
Hellenic Shipping Freight News
Published 3y-7mo-3w-4d-23h-36m ago
Asian crude oil importers are broadly unfazed by the blockage and congestion at the Suez Canal as the bulk of their feedstock shipments come from different sea lanes, but some South Korean refiners are expecting a delay of around one week for a few light sweet grades loaded from export terminals in ....
Hellenic Shipping Freight News
Published 3y-7mo-3w-5d-3h-37m ago
The incident of Suez Canal blocking by the Ever Given container ship may result in growing demand for the Russian Urals export oil blend, Senior Freight Analyst of Vortexa consultancy Arthur Richier told TASS on Friday. It is correct to assume that the Russian Urals is similar to Middle Eastern crud....
Hellenic Shipping Freight News
Published 3y-7mo-3w-5d-7h-37m ago
Only a handful of Very Large Gas Carriers transit the Suez Canal carrying LPG from North Africa, North West Europe and the US to Asia, largely relying instead on the Panama Canal, Persian Gulf and Cape of Good Hope to move cargoes, limiting the impact of the stranded container ship blocking the wate....
Hellenic Shipping Freight News
Published 3y-7mo-3w-5d-7h-37m ago
China amp 8217 s light cycle oil, or LCO, imports are expected to rally in March/April amid a possibility of imposition of consumption tax on the fuel in May, traders said. LCO, mainly supplied by South Korea, is a common blendstock for gasoil and it is used in the mining, construction, fishing, in....
Hellenic Shipping Freight News
Published 3y-7mo-3w-5d-19h-37m ago
Crude exports out of Australia may struggle to post a sharp rebound from 11 month lows seen in January, as refinery turnaround in Northeast Asia will likely keep appetite for feedstock relatively weak, although continued demand for condensate cargoes that aid in making medical hygiene products would....
Hellenic Shipping Freight News
Published 3y-7mo-3w-5d-19h-37m ago
Ukraine amp 8217 s grain exports have fallen by 22.7% to 34.73 million tonnes so far this season, which runs from July 2020 to June 2021, economy ministry data showed on Friday. The volume included 14.22 million tonnes of wheat, 19.1% less then traders had sold by that date last year, and 15.83 mil....
Hellenic Shipping Freight News
Published 3y-7mo-3w-5d-19h-37m ago
The United States imported the largest volume of oil and petroleum products from Russia since 2011 in 2020, according to data from the Energy Information Administration EIA of the US Department of Energy. The volume of imports of Russian oil and petroleum products last year amounted to 538,000 bar....
Hellenic Shipping Freight News
Published 3y-7mo-3w-5d-23h-37m ago
African nations could play a central role in efforts by India to diversify its sources of oil and gas, India’s oil minister said, as the nation strives to reduce its energy reliance on the Middle East. India, the world’s third biggest oil importer, has asked state refiners to speed up the divers....
Hellenic Shipping Freight News
Published 3y-7mo-3w-5d-23h-37m ago
Sembcorp Industries Sembcorp is pleased to announce that its wholly owned subsidiary, Sembcorp Fuels Singapore , has been appointed by the Energy Market Authority EMA as a new term liquefied natural gas LNG importer for Singapore, allowing it to import and sell regasified LNG to customers in ....
Hellenic Shipping Freight News
Published 3y-7mo-4w-18h-37m ago
South Korea’s largest feedmaker Nonghyup Feed Inc. NOFI is believed to have bought an estimated 131,000 tonnes of animal feed wheat to be sourced from worldwide origins in an international tender that closed on Thursday, European traders said. The wheat was purchased in two consignments. One of ....
Hellenic Shipping Freight News
Published 3y-7mo-4w-18h-37m ago
Argentine farmers have sold 12.45 million tonnes of 2020/21 soybeans, after registering transactions in a week for 552,500 tonnes, the Ministry of Agriculture said late on Wednesday in a report with data for the season up until March 17. The soybean harvest for the current campaign is expected to be....
Hellenic Shipping Freight News
Published 3y-7mo-4w-18h-37m ago
Indian oil minister Dharmendra Pradhan on Friday described his Saudi counterpart amp 8217 s advice to reduce oil stores to tackle high crude prices as amp 8220 undiplomatic amp 8221 . amp 8220 That was in a way an undiplomatic answer by some of our old friend. I politely disagree with that k....
Hellenic Shipping Freight News
Published 3y-7mo-4w-22h-37m ago
Australian Rail Track Corp ARTC said on Friday it has fully reopened the Hunter Valley coal rail line to Newcastle, the world’s biggest coal export port, after flood waters receded in New South Wales. The line was shut for nearly a week amid the worst rainfall in more than 50 years, and partly r....
Hellenic Shipping Freight News
Published 3y-7mo-4w-22h-37m ago
The 2.6 Bcm/year capacity LNG import terminal in Croatia received its third cargo on March 24, according to cFlow, Platts trade flow software, with a cargo brought in from Freeport in the US aboard the Patris. The LNG Croatia amp 8212 a dedicated FSRU acting as a gateway for international LNG sup....
Hellenic Shipping Freight News
Published 3y-7mo-4w-1d-2h-37m ago
Abu Dhabi National Oil Company has notified buyers in Asia that it plans to cut supplies of crude oil loading in June by 15%, several sources with knowledge of the matter said. The producer cut May supplies by 5% last month. Those supply cuts are part of United Arab Emirates’ obligation under a pa....
Hellenic Shipping Freight News
Published 3y-7mo-4w-1d-2h-37m ago
Feed millers in South Korea have switched from corn to feed wheat, as the price spread between the two feed components widened further in the negative territory. Earlier in the week of March 21, South Korea amp 8217 s Major Feed Group privately purchased a 66,000 mt of feed wheat cargo from COFCO o....
Hellenic Shipping Freight News
Published 3y-7mo-4w-1d-2h-37m ago
Singapore’s Energy Market Authority EMA said on Thursday that it has appointed ExxonMobil LNG Asia Pacific and Sembcorp Fuels Singapore as term liquefied natural gas importers for the city state, increasing the number of players to four. The regulator issues licenses for term LNG importers und....
Hellenic Shipping Freight News
Published 3y-7mo-4w-1d-18h-36m ago
Iraqi state owned marketer SOMO has finalised a term contract to supply 750,000 tonnes of straight run fuel oil SRFO per month from April to September, three fuel oil trade sources said. Chevron Corp, Reliance Industries Ltd and an unidentified Iraqi oil trader were awarded the six month SRFO supp....
Hellenic Shipping Freight News
Published 3y-7mo-4w-1d-18h-37m ago
China Petroleum amp 38 Chemical Corporation HKG: 0386, amp 8220 Sinopec amp 8221 signed a long term purchase and sales agreement with Qatar Petroleum on March 22 via online video conference to purchase 2 million tons of liquefied natural gas amp 8220 LNG amp 8221 every year for a term....
Hellenic Shipping Freight News
Published 3y-7mo-4w-1d-18h-37m ago
Asian thermal coal supply is expected to tighten due to the floods in eastern Australia that have disrupted rail freight, impacted loading operations and are likely to delay shipments in the coming days as weather conditions worsen, but the impact on metallurgical coal operations has so far been lim....
Hellenic Shipping Freight News
Published 3y-8mo-2h-37m ago
EU soybean meal imports have continued a slump seen since the start of the 2020 21 marketing year July June amid tight supplies from its top two suppliers, Argentina and Brazil, market sources told S amp 38 P Global Platts. The EU amp 8217 s soybean meal imports declined 4.6% year on year to 12.....
Hellenic Shipping Freight News
Published 3y-8mo-6h-37m ago
The prospect of declining iron ore prices may offer an opportunity for Australia to reflect on its structural economic challenges. Chinese iron ore futures tumbled on Monday as market players were concerned about the weak demand for the commodity. A notice issued last week by China amp 8217 s top s....
Hellenic Shipping Freight News
Published 3y-8mo-6h-37m ago
Malaysia’s exports of palm based biodiesel are likely to fall this year to their lowest since 2017 due to European Union restrictions and the coronavirus pandemic, the Malaysian Biodiesel Association MBA said on Tuesday. Exports from Malaysia are estimated to fall to 350,000 tonnes from 378,582 ....
Hellenic Shipping Freight News
Published 3y-8mo-18h-36m ago
Annova LNG has scrapped development of a proposed 6.5 million mt/year export facility along the underutilized Brownsville Ship Channel in South Texas, Annova said March 22, citing amp 8220 changes in the global LNG market. amp 8221 amp 8220 The entire Annova team is very grateful to the greate....
Hellenic Shipping Freight News
Published 3y-8mo-18h-36m ago
Term allocation cuts by Saudi Aramco to buyers in Asia were mostly within expectations, although some refiners are likely to supplement supply with crude oil from alternative sources. Refiners across key Asian economies, namely China, Japan and South Korea, had their term allocations reduced by 10% ....
Hellenic Shipping Freight News
Published 3y-8mo-18h-37m ago
Following are selected highlights from a report issued by the U.S. Department of Agriculture amp 8217 s Foreign Agricultural Service post in Cairo: amp 8220 FAS Cairo Post forecasts Egypt amp 8217 s wheat production in marketing year MY 2021/22 July–June to reach 9.0 million metric tons ....
Hellenic Shipping Freight News
Published 3y-8mo-22h-36m ago
Russian fuel oil exports fell 2.9% year on year to 2.72 million mt in February, according to data released March 22 by the Central Dispatching Unit, the statistical arm of the Russian Energy Ministry. Fuel oil exports were down 6.4% from January shipments of 2.9 million mt, according to the data. Ex....
Hellenic Shipping Freight News
Published 3y-8mo-1d-2h-36m ago
Qatar Petroleum has finalized a 10 year LNG Sale and Purchase Agreement with China Petroleum amp 38 Chemical Corporation Sinopec for the supply of 2 million tons/yr of LNG for China, the company has said March 22. Under the deal amp 8212 originally negotiated in 2020 amp 8212 shipments wi....
Hellenic Shipping Freight News
Published 3y-8mo-1d-2h-36m ago
China amp 8217 s crude oil imports from Oman and the United Arab Emirates rose 30% and 61%, respectively, in the first two months of 2021 from the same year ago period, data from Chinese customs showed on Saturday, as some Iranian barrels were believed to have slipped in. Data from the General Admi....
Hellenic Shipping Freight News
Published 3y-8mo-1d-6h-37m ago
India amp 8217 s crude oil imports fell by the most in four months in February, government data showed on Monday, as demand slowed due to rising fuel prices and as the country faces a resurgence in COVID 19 cases and potentially fresh restrictions. India amp 8217 s crude oil imports in February fe....
Hellenic Shipping Freight News
Published 3y-8mo-1d-6h-37m ago
Far East buyers, including South Korea and Japan, are anticipating higher Grade B prices from Brazil versus 2020 and are waiting for the start of the harvest before showing bids. Brazil Grade B ethanol prices have dramatically climbed over the past year to March 22 because of increased domestic dema....
Hellenic Shipping Freight News
Published 3y-8mo-1d-6h-37m ago
Russian wheat export prices fell for the third consecutive week last week amid weak demand and lower prices in Chicago and Paris, analysts said on Monday. Prices in Chicago, a benchmark for the wheat market, are near their three month low as improved weather across the Northern Hemisphere boosted ex....
Hellenic Shipping Freight News
Published 3y-8mo-1d-6h-37m ago
China amp 8217 s deliveries of North Sea crude are expected to hit a record this month, helping to offset tepid demand from European markets that remain subdued by COVID 19 lockdowns, according to market sources and an S amp 38 P Global Platts analysis of shipping data. The world amp 8217 s large....
Hellenic Shipping Freight News
Published 3y-8mo-1d-18h-36m ago
Ukraine amp 8217 s grain exports have fallen by 23.4% to 34.01 million tonnes so far this season, which runs from July 2020 to June 2021, economy ministry data showed on Monday. The exports included 14 million tonnes of wheat, 15.43 million tonnes of corn and 4.05 million tonnes of barley, the data....
Hellenic Shipping Freight News
Published 3y-8mo-1d-18h-37m ago
This year amp 8217 s first freight train from Northwest China amp 8217 s Gansu Province to Central Asia was flagged off on Saturday, according to local transport authorities. The train carrying 1,300 tonnes of cargo including garments and suitcases was assembled in the provincial capital of Lanzho....
Hellenic Shipping Freight News
Published 3y-8mo-1d-18h-37m ago
The U.S. Energy Information Administration amp 8217 s EIA Annual Energy Outlook 2021 AEO2021 projects that the volume of U.S. liquefied natural gas LNG exports through 2050 will span a wide range based on its published side cases. In the AEO2021 Reference case, U.S. LNG exports continue to gr....
Hellenic Shipping Freight News
Published 3y-8mo-1d-18h-37m ago
Vietnam is growing fond of West African crude oil after state run Binh Son Refining and Petrochemical, or BSR, successfully processed two Nigerian grades in recent test runs at its Dung Quat refinery, but Indonesian Minas grade also emerged on its radar recently as the company amp 8217 s search for....
Hellenic Shipping Freight News
Published 3y-8mo-1d-18h-37m ago
India’s Mangalore Refinery and Petrochemicals Ltd has bought its first ever cargo of Brazilian Tupi crude oil in a tender, two industry sources said on Monday. The 1 million barrel cargo was sold by Royal Dutch Shell for May delivery, he added. The price was not immediately known. The purchase com....
Hellenic Shipping Freight News
Published 3y-8mo-1d-22h-36m ago
India will look for alternative sources of crude oil to ensure sustained supply of the fuel, Finance Minister Nirmala Sitharaman said. New supply chains won’t likely have an impact on crude prices though, she said on Saturday. The federal and state governments will have to discuss about the inflat....
Hellenic Shipping Freight News
Published 3y-8mo-1d-22h-36m ago
French LNG terminals are likely to see an increasingly high number of LNG deliveries amid higher US feedgas and tightening spreads between French PEG and Asian LNG prices. The PEG April ‘21 contract traced up again in recent sessions after dropping below the ICIS East Asia Index EAX in the first....
Hellenic Shipping Freight News
Published 3y-8mo-2d-2h-36m ago
US crude oil exports to India jumped to 2.11 million metric tonnes in February, helping it dislodge Saudi Arabia as the second largest supplier to India, the world’s third largest oil importer. This comes in the backdrop of India increasing its oil imports from the US, with the Indian government w....
Hellenic Shipping Freight News
Published 3y-8mo-2d-2h-36m ago
European gas and Asian LNG May ’21 contracts have vied for the position of cheapest prices since the start of March amid volatility in the wider energy complex and an uncertain supply outlook. However it remains cheaper for US LNG producers to sell into the European market instead of Asia amid fav....
Hellenic Shipping Freight News
Published 3y-8mo-2d-6h-36m ago
Argentina amp 8217 s state owned IEASA received offers from 14 companies to supply 24 LNG cargoes at an average price of US$ 6.50/mn Btu. All the offers are expected to be awarded for a total of US$ 330mn, according to the energy secretariat. The big winner was BP with 15 cargoes, followed by Gunvo....
Hellenic Shipping Freight News
Published 3y-8mo-2d-6h-36m ago
U.S. liquefied natural gas LNG exports are on track to hit record highs in March as tumbling shipping rates and lower prices than in Europe and Asia continue to attract buyers. The amount of gas flowing to U.S. LNG export plants has averaged 10.5 billion cubic feet per day bcfd so far in March, ....
Hellenic Shipping Freight News
Published 3y-8mo-2d-18h-36m ago
Consultancy Strategie Grains on Thursday lowered its monthly forecast of soft wheat exports from the European Union and Britain in the 2020/21 season by 900,000 tonnes to 25.2 million to take account of a drop in demand, notably from China. Hefty Chinese purchases this season had fueled a rally in E....
Hellenic Shipping Freight News
Published 3y-8mo-2d-18h-37m ago
China’s imports of copper metal and tin ore from Myanmar both fell more than 25% year on year in the first two months of 2021, customs data showed on Saturday, shedding some light on trade flows amid a state of emergency in the Southeast Asian country. The military seized power in Myanmar, the wor....
Hellenic Shipping Freight News
Published 3y-8mo-2d-18h-37m ago
Ukraine amp 8217 s grain exports have fallen by nearly 23% to 33.9 million tonnes so far this season, which runs from July 2020 to June 2021, economy ministry data showed on Friday. Traders sold 13.98 million tonnes of wheat, 15.33 million tonnes of corn and 4.05 million tonnes of barley, the data ....
Hellenic Shipping Freight News
Published 3y-8mo-2d-18h-37m ago
Shipments of copper concentrate were delayed following a nationwide strike by truck drivers in Peru, as miners were not able to transport cargoes from mining sites to loading ports, market sources told S amp 38 P Global Platts March 19. A few smelters surveyed by Platts said that they have not yet ....
Hellenic Shipping Freight News
Published 3y-8mo-2d-22h-36m ago
Tunisia amp 8217 s state grains agency has purchased soft wheat, durum and animal feed barley in an international tender that closed on Thursday, European traders said. The precise tonnage bought was initially unclear but thought to be close to the tender volume of around 42,000 tonnes of durum whe....
Hellenic Shipping Freight News
Published 3y-8mo-4d-18h-36m ago
Shipments of copper concentrate were delayed following a nationwide strike by truck drivers in Peru, as miners were not able to transport cargoes from mining sites to loading ports, market sources told S amp 38 P Global Platts March 19. A few smelters surveyed by Platts said that they have not yet ....
Hellenic Shipping Freight News
Published 3y-8mo-4d-18h-36m ago
Expressing serious concern over the import of wheat when local stocks have begun arriving in the market, chairman of the National Assembly Standing Committee on Commerce Syed Naveed Qamar termed the government’s move a “recipe for disaster”. Chairing the NA body meeting on Thursday, Mr Qamar s....
Hellenic Shipping Freight News
Published 3y-8mo-4d-18h-37m ago
Violent unrest and sanctions are reducing Myanmar’s imports of gasoline and other oil products, energy analysts FGE and Vortexa said. “The widespread unrest has severely impacted businesses in the country, including oil terminal operators,” energy consulting firm FGE said. “U.S. sanctions ha....
Hellenic Shipping Freight News
Published 3y-8mo-4d-18h-37m ago
As fuel prices skyrocketed across India in the past few weeks, the government blamed it on a rise in international crude prices. The validity of the explanation lies in the fact that India is the world amp 8217 s third biggest oil importer, shipping in about 84 percent of its crude needs. India imp....
Hellenic Shipping Freight News
Published 3y-8mo-4d-18h-37m ago
Russia amp 8217 s crude oil export and transit set to decline to 60.9 million tonnes for the April June period from 62.1 million tonnes in the export schedule for January March, according to the quarterly schedule seen by Reuters on Thursday. Russia plans to decrease its oil exports in the second q....
Hellenic Shipping Freight News
Published 3y-8mo-4d-18h-37m ago
US weekly corn export shipments of corn for the 2020 21 marketing year September August totaled 2.199 million mt in the week ended March 11, up 38% from 1.593 million mt in the previous week, Department of Agriculture data showed March 18. The weekly export shipments for the 2020 21 marketing year....
Hellenic Shipping Freight News
Published 3y-8mo-4d-22h-36m ago
Venezuelan farmers said that they had asked the government to allow them to import diesel themselves to alleviate shortages of the fuel that are hindering food production and distribution. Diesel has become scarce in the crisis stricken OPEC nation amid very low output at state oil company Petroleos....
Hellenic Shipping Freight News
Published 3y-8mo-4d-22h-36m ago
U.S. crude oil imports and exports both decreased during the week ending March 12, the U.S. Energy Information Administration EIA said. U.S. crude oil imports averaged 5.3 million barrels per day b/d last week, down by about 332,000 b/d from the previous week, while crude oil exports averaged ab....
Hellenic Shipping Freight News
Published 3y-8mo-5d-2h-36m ago
Saudi Arabia drew again on its crude stockpiles to boost exports in January, even with its OPEC+ production quota easing, the latest figures from the Joint Organizations Data Initiative showed. The kingdom exported 6.582 million b/d in January, according to JODI data released March 18, an increase o....
Hellenic Shipping Freight News
Published 3y-8mo-5d-6h-37m ago
China’s gasoline exports rose 30.1% year on year in the first two months of 2021, customs data showed, as refineries sought to ease domestic inventory pressure due to high output. Gasoline shipments in January and February were at 3.54 million tonnes, up from 2.72 million tonnes in the same period....
Hellenic Shipping Freight News
Published 3y-8mo-5d-6h-37m ago
India amp 8217 s dramatic surge in US crude inflows has helped the exporter to displace Saudi Arabia for the first time, as refiners queued up for lighter feedstock anticipating robust demand for gasoline and other products, while staying away from Middle Eastern supplies following OPEC led output ....
Hellenic Shipping Freight News
Published 3y-8mo-5d-6h-37m ago
Polish state run refiner PKN Orlen will receive 3.6 million tonnes of crude oil per year from Russia’s Rosneft under a new two year supply contract signed on Tuesday, PKN said. Rosneft suspended oil supplies to Poland in February after failing to agree on new contract terms with PKN Orlen when the....
Hellenic Shipping Freight News
Published 3y-8mo-5d-18h-36m ago
The first China bound containerized heavy recycled steel cargo from Europe, following China lifting import restrictions on the raw material Jan. 1, was being loaded at Glazewing Metal Scrapyard in Norfolk March 17. The UK trading house Atlas Commodities said it contracted in late February the first ....
Hellenic Shipping Freight News
Published 3y-8mo-5d-18h-37m ago
Venture Global LNG amp 8217 s Calcasieu Pass export terminal in Louisiana could ship its first cargo in late 2021, a year ahead of schedule, the operator told US regulators. The 23.4 mile TransCameron pipeline that would bring feedgas to the terminal from interstate pipelines will begin service am....
Hellenic Shipping Freight News
Published 3y-8mo-5d-18h-37m ago
Ukrainian wheat export prices have lost around $10 a tonne so far this week due to restrained demand from importers and an increase in the attractiveness of European grain, APK Inforn agriculture consultancy said on Thursday. The expected improvement in the state of winter crops in the United States....
Hellenic Shipping Freight News
Published 3y-8mo-5d-18h-37m ago
The Federation of Indian Mineral Industries FIMI , Southern Region, has sought the intervention of Karnataka Government and Union Ministry of Mines over large quantities of iron ore brought into Karnataka despite huge stocks of iron ore in the State. FIMI has raised serious concerns about the impac....
Hellenic Shipping Freight News
Published 3y-8mo-5d-18h-37m ago
A weak East West spread has opened the arbitrage for gasoline to flow from Asia to the Middle East, providing a much needed avenue for several refiners that are looking to clear some of their high domestic stocks, industry and trading sources told S amp 38 P Global Platts. At least six tankers have....
Hellenic Shipping Freight News
Published 3y-8mo-6d-6h-37m ago
More than 3 million barrels of Russian ESPO crude are heading to the United States after a gap of over a year as muted demand from Chinese independent refiners and low freight rates make the trade viable, according to trade sources and Refinitiv data. Trading house Mercuria has provisionally charter....
Hellenic Shipping Freight News
Published 3y-8mo-6d-18h-36m ago
Tunisia amp 8217 s state grains agency has issued an international tender to purchase an estimated 42,000 tonnes of durum wheat, 117,000 tonnes of soft wheat and 75,000 tonnes of animal feed barley, European traders said on Wednesday. The tender closes on March 18, they said. The grains can be sour....
Hellenic Shipping Freight News
Published 3y-8mo-6d-18h-37m ago
Malaysia has kept its April export duty for crude palm oil at 8%, though it raised the reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday. The world amp 8217 s second largest palm oil producer calculated a reference price of 4,331.48 ringgit per tonne in April, ....
Hellenic Shipping Freight News
Published 3y-8mo-6d-18h-37m ago
The fast changing energy need of Asian oil importers is prompting Middle Eastern oil producers to accelerate their hydrogen efforts to ensure they can supply both oil and hydrogen to their biggest customers, a strategic push to prevent losing out a part of their future business to potential exporter....
Hellenic Shipping Freight News
Published 3y-8mo-1w-2h-36m ago
Indian state refiners are preparing to cut oil imports from Saudi Arabia by about a quarter in May compared to average monthly purchases, two sources privy to the matter said, after the government asked them to cut dependence on Middle Eastern supplies. Indian Oil Corp, Bharat Petroleum Corp., Hindu....
Hellenic Shipping Freight News
Published 3y-8mo-1w-6h-36m ago
Foreign sellers have found their way back into Europe as chronic steel shortages, long delivery times from mills and slimmer buying opportunities weigh on the domestic market, sources told S amp 38 P Global Platts March 15. Customers were heard to be registering more interest in import material, wi....
Hellenic Shipping Freight News
Published 3y-8mo-1w-6h-37m ago
Asian fuel exporters are hungrily eyeing Australia as the country’s shutdown of almost all its refineries creates a bright demand spot amid otherwise coronavirus crimped markets. China appears to be best placed to take advantage of the opportunity, industry sources and analysts told Reuters, poten....
Hellenic Shipping Freight News
Published 3y-8mo-1w-18h-36m ago
Indian steel companies will face problems in maintaining steel exports at current levels during the next financial year given the fact that domestic production will just about meet demand within the country, a top industry official has said. During the current fiscal, domestic steel production was 1....
Hellenic Shipping Freight News
Published 3y-8mo-1w-18h-36m ago
Bangladesh amp 8217 s state grains buyer has issued another international tender to purchase 50,000 tonnes of rice, traders said on Monday. The deadline for submission of price offers is March 24. A previously issued tender for 50,000 tonnes of rice from Bangladesh closes on March 18. Bangladesh ha....
Hellenic Shipping Freight News
Published 3y-8mo-1w-18h-36m ago
Russian gas producer Gazprom said on Monday that its natural gas exports outside of the former Soviet Union had increased 28.3% year on year to 42.9 billion cubic metres from Jan 1 to March 15. Gazprom also said its natural gas output had risen 8.4% year on year to 112.4 bcm from Jan 1 to ...
The po....
Hellenic Shipping Freight News
Published 3y-8mo-1w-18h-37m ago
On 14 September 2019, drone and missile attacks on oil installations in Saudi Arabia briefly put about half the country’s oil production offline. Houthi rebels in Yemen claimed responsibility, but the US administration blamed Iran, an allegation that the Iranian government denied. Whoever was resp....
Hellenic Shipping Freight News
Published 3y-8mo-1w-18h-37m ago
Pakistan amp 8217 s fuel oil exports are expected to drop during the peak summer season of May July, as increased household and industrial consumption drives up domestic power sector amp 8217 s reliance on the fuel, market analysts told S amp 38 P Global Platts. Abdullah Umer, a research analyst ....
Hellenic Shipping Freight News
Published 3y-8mo-1w-1d-2h-36m ago
China’s imports of copper are likely to rebound in March, but the expected increase after a disappointing start to the year may not be quite as bullish as it appears at first glance. A range of factors, including port congestion, issues loading at major producer Chile and an ongoing unofficial boy....
Hellenic Shipping Freight News
Published 3y-8mo-1w-1d-6h-37m ago
U.S. exports of liquefied natural gas LNG continued to grow in 2020, averaging 6.6 billion cubic feet per day Bcf/d on an annual basis, according to the U.S. Energy Information Administration’s Natural Gas Monthly. LNG exports increased 1.6 Bcf/d, or 32%, compared with 2019 levels. U.S. LNG ex....
Hellenic Shipping Freight News
Published 3y-8mo-1w-1d-6h-37m ago
Australia amp 8217 s Woodside Energy and commodity trader Trafigura have traded the world amp 8217 s first carbon offset condensate cargo, which loaded from Australia amp 8217 s Pluto LNG terminal in Western Australia, the companies said in a joint statement March 15. The trade comes after severa....
Hellenic Shipping Freight News
Published 3y-8mo-1w-1d-6h-37m ago
The United States overtook Saudi Arabia as India’s second biggest oil supplier after Iraq last month, as refiners boosted cheaper U.S. crude purchases to record levels to offset OPEC+ supply cuts, data from trade sources showed. The switch in supplies, triggered by lower U.S. crude demand, coincid....
Hellenic Shipping Freight News
Published 3y-8mo-1w-1d-18h-36m ago
Ukraine amp 8217 s grain exports have fallen by 23% to 33.4 million tonnes so far this season, which runs from July 2020 to June 2021, economy ministry data showed on Monday. Traders sold 13.9 million tonnes of wheat, 14.9 million tonnes of corn and 4 million tonnes of barley, the data showed. Expo....
Hellenic Shipping Freight News
Published 3y-8mo-1w-1d-18h-36m ago
China sold 2.26 million tonnes of wheat, or 56% of the total offer, at an auction of state reserves last week, the National Grain Trade Center said in a statement on Monday. The volume sold, at an average price of 2,376 yuan $365.30 per tonne, rose from the prior week on strong demand from manufac....
Hellenic Shipping Freight News
Published 3y-8mo-1w-1d-18h-37m ago
Current price spreads make the US Midwest an attractive target for Canadian natural gas exports entering the upcoming injection season, but stronger Bakken shale production due to new infrastructure and higher gas to oil ratios could keep a lid on imports. S amp 38 P Global Platts Analytics is fore....
Hellenic Shipping Freight News
Published 3y-8mo-1w-2d-18h-37m ago
Excessive import of crude palm oil CPO in the previous two months and higher prices of soft oils such as sunflower seem to have impacted the import of edible oils. The import of edible oils came down by 26.89 per cent in February 2021 and 3.85 per cent in the first five months of the ...
The post ....
Hellenic Shipping Freight News
Published 3y-8mo-1w-2d-18h-37m ago
India amp 8217 s palm oil imports fell 27% to 3,94,495 tonnes in February from the year ago period, mainly due to factors like sluggish demand and higher import of crude palm oil in the previous two months, industry body SEA said on Friday. The palm oil imports during February 2020 stood at 5,40,47....
Hellenic Shipping Freight News
Published 3y-8mo-1w-2d-18h-37m ago
Iranian crude oil exports to China are surging and expected to hit record highs in March despite the U.S. sanctions on the country’s oil industry. Chinese imports of Iranian crude oil are expected to hit 856,000 barrels a day in March, the most in almost two years and up 129 percent from last mont....
Hellenic Shipping Freight News
Published 3y-8mo-1w-2d-22h-36m ago
Top oil exporter Saudi Arabia has cut the supply of April loading crude to at least four north Asian buyers by up to 15%, while meeting the normal monthly requirements of Indian refiners, refinery sources told Reuters on Friday. Saudi Arabia’s reduction in supplies come as the Organization of the ....
Hellenic Shipping Freight News
Published 3y-8mo-1w-4d-18h-36m ago
S amp 38 P Global Platts Analytics projects approximately 8 million mt of US thermal coal exports in the first quarter, steady comparable to Q1 2020, but significant risks remain by way of heightened freight prices, the weekly US Coal Market Forecast said. Elevated freight rates, for Panamax in par....
Hellenic Shipping Freight News
Published 3y-8mo-1w-4d-18h-37m ago
Qatar has resumed exports of condensate to the United Arab Emirates after a three year blockade was lifted, with a tanker offloading at the port of Dubai amp 8217 s Jebel Ali port this week, Refinitiv Eikon data showed. The Abu Dhabi III tanker, chartered by the Emirates National Oil Company ENOC ....
Hellenic Shipping Freight News
Published 3y-8mo-1w-4d-18h-37m ago
Maize corn exports from India are expected to go on till May with global supplies projected to be tight this year and demand continuing from Malaysia and Vietnam. The Food and Agriculture Organization FAO , a UN arm, and the US Department of Agriculture have both projected that the ending stocks ....
Hellenic Shipping Freight News
Published 3y-8mo-1w-5d-2h-36m ago
In 2020, U.S. coal exports declined to 69 million metric short tons MMst , a 26% decrease from 93 MMst in 2019. Steam coal exports, which accounted for 40% of the total, declined by more than one third, dropping 34% from the previous year to 27 MMst. Metallurgical coal had a smaller, but still sign....
Hellenic Shipping Freight News
Published 3y-8mo-1w-5d-18h-37m ago
Ukraine amp 8217 s grain exports have fallen by around 21.5% to 32.9 million tonnes so far this season, which runs from July 2020 to June 2021, economy ministry data showed on Wednesday. Traders sold 13.85 million tonnes of wheat, 14.53 million tonnes of corn and 3.97 million tonnes of barley, the ....
Hellenic Shipping Freight News
Published 3y-8mo-1w-5d-18h-37m ago
Algeria’s state grains agency OAIC is believed to have purchased between 450,000 tonnes and 510,000 tonnes of optional origin milling wheat in an international tender which closed on Tuesday, European traders estimated on Wednesday. While some early estimates of the purchase were as high as 660,00....
Hellenic Shipping Freight News
Published 3y-8mo-1w-5d-18h-37m ago
China amp 8217 s state owned trading company Zhejiang Metals and Materials Co. anticipates China amp 8217 s ferrous scrap imports will surge to 500,000 1 million mt in 2021 and 3 million 5 million mt in 2022 as the country amp 8217 s push for carbon neutrality boosts demand for high quality mater....
Hellenic Shipping Freight News
Published 3y-8mo-1w-6d-2h-36m ago
Myanmar’s fuel importers have switched to other forms of payment, such as telegraphic transfers, after protests against a military coup disrupted trade, driving February imports to their lowest in more than 3 years, two industry sources said. A civil disobedience movement has crippled government b....
Hellenic Shipping Freight News
Published 3y-8mo-1w-6d-2h-36m ago
Top oil exporter Saudi Arabia has yet to demonstrate a curb in supply as large as its promised voluntary production cut, according to two companies that track oil flows, a view dismissed by Riyadh which says it is reliable. Saudi Arabia pledged to cut production voluntarily by 1 million barrels per ....
Hellenic Shipping Freight News
Published 3y-8mo-1w-6d-18h-36m ago
India’s obvious displeasure with restrictions on output imposed by OPEC and its allies, and its aim to diversify crude oil suppliers, may run into the harsh realities of the global market. The world’s third biggest oil importer and consumer has told state owned refiners to speed up the diversifi....
Hellenic Shipping Freight News
Published 3y-8mo-1w-6d-18h-37m ago
The Sultanate amp 8217 s total crude oil exports to China has exceeded 19 million barrels by the end of January 2021, the National Center for Statistics and Information NCSI said. A statement issued online by Oman NCSI said: amp 8220 19.8 million barrels is the Sultanate amp 8217 s total crude....
Hellenic Shipping Freight News
Published 3y-8mo-1w-6d-22h-36m ago
India amp 8217 s palm oil imports are set to rebound in March and April to meet rising demand from hotels and restaurants, as lower shipments last month have depleted stocks, according to industry participants. Higher imports by India, the world amp 8217 s biggest buyer of the edible oil, is likel....
Hellenic Shipping Freight News
Published 3y-8mo-2w-2h-36m ago
Spot iron ore procurement in Tangshan, China amp 8217 s top steel producing province, were slowed significantly by strict implementation of environmental controls on truck deliveries and sintering operations on March 9, following a renewed emergency response to heavy pollution weather on March 7. A....
Hellenic Shipping Freight News
Published 3y-8mo-2w-2h-37m ago
Record U.S. corn sales, especially those to China, mean that exporters will be extremely busy for at least the next six months. But they no longer need to set new records, as the recent corn shipping pace has sufficiently boosted the efforts. Updated figures from the U.S. Department of Agriculture o....
Hellenic Shipping Freight News
Published 3y-8mo-2w-2h-37m ago
Asian refiners and petrochemical makers have started to prepare for a possible resumption in Iranian crude imports amid growing optimism that tensions between Washington and Tehran could improve under the Biden administration, with several Asian oil companies and trading firms reviewing recent Irani....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6h-37m ago
India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week to largely continue production cuts in April, two sources said. India, the world’s third biggest oil importer and consumer, imports about....
Hellenic Shipping Freight News
Published 3y-8mo-2w-18h-37m ago
Indonesia’s imports of liquefied petroleum gas LPG are expected to decline by six times in 2025 from current numbers, as the country seeks to ramp up its coal gasification efforts, a top energy ministry official said on Tuesday. The country’s LPG imports would decline from 6.1 million tonnes i....
Hellenic Shipping Freight News
Published 3y-8mo-2w-18h-37m ago
US corn inspected for exports in the week ended March 4 totaled 1.544 million mt, down 25% from the prior week, but up 86% from the year ago week, the US Department of Agriculture said March 8. Since the 2020 21 marketing year started on Sept. 1, the volume of US corn inspected for exports has total....
Hellenic Shipping Freight News
Published 3y-8mo-2w-22h-36m ago
Ghana is preparing to become sub Saharan Africa amp 8217 s first LNG importer, with the terminal at the port of Tema set to receive its maiden cargo in the coming weeks. There are a number of LNG export projects across North and West Africa, but Egypt in 2015 became the first amp 8212 and so far....
Hellenic Shipping Freight News
Published 3y-8mo-2w-1d-1h-37m ago
Russian energy giant Gazprom said on Monday it had delivered its first carbon neutral shipment of liquefied natural gas LNG to Europe. Gazprom said its shipment of Russian LNG, which it said was made carbon neutral by offsetting emissions resulting from its production and transport, had been deliv....
Hellenic Shipping Freight News
Published 3y-8mo-2w-1d-1h-37m ago
Driven by a resilient global demand for Chinese goods ranging from personal protective equipment PPE to home appliances, China Europe freight trains, which have become a pillar for the trade for countries along the Belt and Road when other transports were disrupted by the COVID 19 outbreak, have s....
Hellenic Shipping Freight News
Published 3y-8mo-2w-1d-1h-37m ago
Over January February, China’s finished steel exports increased 29.9% on year to 10.1 million tonnes, and imports also grew 17.4% on year to about 2.4 million tonnes, according to the release by China’s General Administration of Customs GACC on March 7, as the demand from the overseas improved....
Hellenic Shipping Freight News
Published 3y-8mo-2w-1d-6h-37m ago
Pakistan will import 450 cargos in 10 years from Qatar under G to G govt to govt new LNG deal with effective rate of 10.13 percent from January 1, 2022 though the deal is done at 10.20 percent of the Brent. The port charges per LNG cargo at Qasim Port stands at $620,000 750,000, but Qatargas woul....
Hellenic Shipping Freight News
Published 3y-8mo-2w-1d-6h-37m ago
Qatar Petroleum on March 3 loaded about 712,000 barrels of condensate destined for the Emirates National Oil Co. in the UAE, the first commercial energy trade since the end of the Gulf blockade in early January, according to data analytics firm Kpler. Qatar Petroleum shipped the condensate from Ras ....
Hellenic Shipping Freight News
Published 3y-8mo-2w-1d-18h-36m ago
In 2020, according to the U.S. Energy Information Administration’s EIA Petroleum Supply Monthly, U.S. exports of propane reached record levels, increasing 13% and surpassing distillate fuel oil as the country’s top petroleum product export. U.S. exports of distillate fuel oil fell to its lowes....
Hellenic Shipping Freight News
Published 3y-8mo-2w-1d-18h-37m ago
Crude exports from Saudi Arabia amp 8217 s oil terminals at Ras Tanura were proceeding normally on March 8, according to commodity data company Kpler, a day after a drone attack targeted the port but did no damage. Yemen amp 8217 s Iranian backed Houthi rebels said March 7 they had had launched 14....
Hellenic Shipping Freight News
Published 3y-8mo-2w-1d-18h-37m ago
China’s crude oil imports for the first two months of 2021 reached 89.57 million tonnes, up 4.1% from a year ago and up 9.5% from the same period in 2019, bolstered by solid fuel demand and expanded refining capacity in the country. Shipment of crude oil in January and February is equivalent to 11....
Hellenic Shipping Freight News
Published 3y-8mo-2w-2d-6h-37m ago
China amp 8217 s crude imports gained 5.8% on the year to 11.13 million b/d in January February 2021, rebounding from the 27 month low of 9.1 million b/d recorded in December, General Administration of Customs data released Mar. 7 showed. On a metric tons basis, crude imports in the first two month....
Hellenic Shipping Freight News
Published 3y-8mo-2w-2d-18h-36m ago
China amp 8217 s natural gas imports, including piped gas and LNG, jumped 17.4% on the year over January February, up from a growth of 2.8% a year earlier, driven by higher than expected domestic consumption amid the most severe winter weather in decades. China imported a total of 20.8 million mt, ....
Hellenic Shipping Freight News
Published 3y-8mo-2w-2d-18h-36m ago
China’s government said on Friday it will raise its minimum purchase price for wheat and rice and expand corn planting areas this year, reiterating earlier plans to boost grain output after prices soared last year. The moves, outlined by Premier Li Keqiang and the state economic planning agency in....
Hellenic Shipping Freight News
Published 3y-8mo-2w-2d-18h-37m ago
Ecuador’s state owned oil company Petroecuador said on Saturday that it had awarded a tender to export some 1.44 million barrels of Oriente grade crude to a unit of Royal Dutch Shell PLC. Shell Western Supply and Trading presented the best offer of six companies that submitted bids, offering to pa....
Hellenic Shipping Freight News
Published 3y-8mo-2w-2d-22h-36m ago
US net export sales of corn for the 2020 21 marketing year September August totaled 115,888 mt in the week ended Feb. 25, down 74% from 453,281 mt in the previous week, according to Department of Agriculture data released March 4. The net export sales for the 2020 21 marketing year were a marketin....
Hellenic Shipping Freight News
Published 3y-8mo-2w-4d-18h-36m ago
China amp 8217 s Oriental Energy is embarking on a major restructuring of its businesses to focus on expanding propane dehydrogenation operations and make an aggressive push into the hydrogen sector, a senior executive told S amp 38 P Global. The major LPG importer is transferring its LPG shipping....
Hellenic Shipping Freight News
Published 3y-8mo-2w-4d-18h-36m ago
Saudi Arabia plans to ship gas to South Korea where it will be used to make hydrogen, and the carbon dioxide produced in the process will be transported straight back to the Kingdom, Asharq reported, citing Bloomberg. Hyundai Oil Bank Co. will take liquefied petroleum gas cargoes from Saudi Aramco a....
Hellenic Shipping Freight News
Published 3y-8mo-2w-4d-18h-37m ago
Coffee exports fell by 3.4% in January 2021 versus a year ago, but exports in the first four months of the 2020/21 season October September rose 3.7%, the International Coffee Organisation ICO said. The intergovernmental organisation said exports in the first four months, which totalled 41.9 mil....
Hellenic Shipping Freight News
Published 3y-8mo-2w-5d-2h-37m ago
Iron and steel industry experts suggest that importing more crude steel like billets from countries including India, Indonesia, Russia and Germany is a potential solution to the plight that domestic steel supplies are insufficient to meet the surging demands as China seeks to cut carbon dioxide emis....
Hellenic Shipping Freight News
Published 3y-8mo-2w-5d-6h-37m ago
Jordan amp 8217 s state grain buyer the trade ministry has made no purchase in an international tender to buy 120,000 tonnes of milling wheat which closed on Wednesday, traders said. No reason was given and no indication of any new tender was given. Three trading houses had participated: CHS, Viter....
Hellenic Shipping Freight News
Published 3y-8mo-2w-5d-18h-37m ago
U.S. domestic consumption of natural gas will peak around 2030 but rising pipeline and liquefied natural gas LNG exports should keep demand for the fuel growing through 2050, Matthew Palmer, senior director at IHS Markit, said on Wednesday. Moving that gas from the states where it is produced to p....
Hellenic Shipping Freight News
Published 3y-8mo-2w-5d-18h-37m ago
Argentina needs to plan and build more liquefied natural gas LNG capacity to accelerate the development of its largest shale play, Vaca Muerta, the CEO of Pan American Energy said on Wednesday, as many producers switch from gas to oil production looking for bigger profitability. Shale oil and gas ....
Hellenic Shipping Freight News
Published 3y-8mo-2w-5d-22h-36m ago
European gas buyers are increasingly factoring in the methane footprint of the supplies they secure amid growing concerns over methane emissions associated with upstream and midstream activity. Along with the need to tackle CO2 emissions, methane leakage is now rising to the top of the agenda of the....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6d-2h-36m ago
A nearly five million tonnes mt sugar deficit projected by the International Sugar Organization ISO is likely to keep sugar prices firm this season October 2020 September 2021 with Brazilian shipping woes likely to help India’s cause to export more of the commodity. The ISO, in its quarterly....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6d-2h-36m ago
Chinese refineries plan to further boost gasoil exports in March to about 2.3 million mt in a bid to offset inventory pressure while enjoying improved outright prices in Asia, refiners and traders told S amp 38 P Global Platts March 1 3. China amp 8217 s five oil product quota holders amp 8212 ....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6d-6h-37m ago
With barrels of crude oil that will arrive in China in May now changing hands, hopes that demand from its refiners for African and European crude would tick higher following spring maintenance may have been premature. After a bumper 2020 for sales to China, 2021 has got off to a slow start with dema....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6d-6h-37m ago
Imports of crude and bitumen blend by China amp 8217 s independent refiners dropped 17.4% at 3.93 million b/d in February from six month highs seen in January as importers slowed purchases ahead of upcoming maintenance schedules amp 8212 a trend that is expected to continue for the next few mont....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6d-18h-36m ago
Gasoil loadings of spot cargoes from the Middle East and India with options for delivery in Europe have risen in March, with shipping brokers tracking such deals saying about 10 cargoes have chartered LR2s while one has taken a newbuild Suezmax that can load up to 140,000 mt. Traders said an uptick ....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6d-18h-36m ago
The European Commission is unlikely to extend its current three year steel imports safeguards system for more than one year, unless European Union steel producers can prove they continue to suffer or could suffer serious injury from imports, the World Trade Organization said March 2. Measures impose....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6d-18h-37m ago
Thailand amp 8217 s first 2021 22 Quota B raw sugar tender held March 2 was awarded to Louis Dreyfus at a 135 point premium to the New York No. 11 March futures contract, surpassing market expectations and pointing to bullish sentiment for Thai new crop sugar. The tender was for 48,000 mt of Thai H....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6d-18h-37m ago
Mexico does not see the need to reduce its oil exports, as many Latin American producers did last year, because demand and pricing for its flagship crude remains firm, the head of state oil company Pemex’s commercial arm said. Mexico briefly joined an effort by the Organization of the Petroleum Ex....
Hellenic Shipping Freight News
Published 3y-8mo-2w-6d-22h-36m ago
Vietnam is poised to actively venture into Africa to secure a regular dose of light and medium sweet crude supply for the coming years, as the country amp 8217 s domestic crude production continues to decline due to naturally aging fields, while state run Binh Son Refining and Petrochemical, or BSR....
Hellenic Shipping Freight News
Published 3y-8mo-3w-2h-36m ago
Saudi Arabia maintained its position as top crude oil supplier to Japan in January with 36.54 million barrels, or 45.7 percent of the total imports, according to data from Agency for Natural Resources and Energy belonging to the Ministry of Economy, Trade and Industry METI. Japan imported a total ....
Hellenic Shipping Freight News
Published 3y-8mo-3w-6h-37m ago
Ukraine has used 78.3% of its 17.5 million tonnes wheat exports quota for the 2020/21 season, the economy ministry data showed on Tuesday. Ukrainian wheat exports totalled 13.7 million tonnes as of Marc. 1, down almost 2.86 million tonne from the same date a season ago, the data showed. The volume i....
Hellenic Shipping Freight News
Published 3y-8mo-3w-18h-36m ago
State owned China Oil amp 38 Gas Piping Network Corp, also known as PipeChina, has put in place a pre condition to shippers who intend to obtain third party LNG terminal access, to bundle spot imports with cargoes from the three state owned oil companies amp 8217 historical long term contracts,....
Hellenic Shipping Freight News
Published 3y-8mo-3w-18h-37m ago
GAIL India has issued a tender seeking to buy two liquefied natural gas LNG cargoes for delivery into India and offering two cargoes for loading from the United States, two industry sources said. It is seeking one cargo for delivery into Dabhol LNG terminal over April 13 to 15 and another for Ha....
Hellenic Shipping Freight News
Published 3y-8mo-3w-22h-36m ago
South Korea amp 8217 s February crude oil imports fell 14.7% to 73.6 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energy showed. Final data will be released later this month by state run Korea National Oil Corp KNOC . Details are as follows in mil....
Hellenic Shipping Freight News
Published 3y-8mo-3w-1d-2h-36m ago
Venezuela’s oil exports rose in February to over 700,000 barrels per day bpd , their highest level in 10 months, pushed by more sales of fuel oil cargoes to new clients in Asian markets, according to Refinitiv Eikon’s tanker tracking data and documents. A growing number of clients with no track....
Hellenic Shipping Freight News
Published 3y-8mo-3w-1d-6h-36m ago
Iraqi oil exports rose to 2.96 million barrels per day bpd in February from 2.868 million bpd the previous month, the Oil Ministry said. Exports from Iraq’s southern Basra terminals reached 2.825 million bpd in February, up from 2.77 million bpd the month before, the ministry added. Shipments fr....
Hellenic Shipping Freight News
Published 3y-8mo-3w-1d-6h-37m ago
Ukrainian soft milling wheat export prices added $5 a tonne over the past week, supported by worries about spring crops conditions after severe frosts across the Black Sea region, APK Inform agriculture consultancy said on Monday. Night temperature fell to minus 25 degrees Celsius 13 Fahrenheit i....
Hellenic Shipping Freight News
Published 3y-8mo-3w-1d-22h-36m ago
Bangladesh will purchase three LNG cargoes from spot market for April delivery as the prices are in downtrend with mounting demand for natural gas and rise of mercury in the ensuing summer. Previously state run Petrobangla purchased maximum two LNG cargoes from spot market. Petrobangla amp 8217 s s....
Hellenic Shipping Freight News
Published 3y-8mo-3w-1d-22h-36m ago
Fitch Solutions Incorporation, a subsidiary of Fitch Ratings, which is one of the U.S.’s three biggest credit rating agencies, has forecasted a 6.8 percent growth for Iranian oil exports in 2021 if the U.S comes back to the 2015 nuclear deal. In one of its latest reports dubbed “Iran Oil and Gas....
Hellenic Shipping Freight News
Published 3y-8mo-3w-2d-2h-36m ago
Russia is about to double its controversial wheat export tax, a decision tipped to have positive ramifications for Australian farmers. The tax was introduced on February 15 by the Russian government in a bid to reduce rising domestic food prices. The tax will double next week, on March 1, to 50 euro....
Hellenic Shipping Freight News
Published 3y-8mo-3w-2d-2h-36m ago
China’s crude oil imports are set to slow in the second quarter after Brent prices hit a 13 month high, cooling demand and capping refiners’ margins as they prepare to shut for planned maintenance, industry sources and analysts said. Expectations of a recovery in global fuel demand and tighter o....
Hellenic Shipping Freight News
Published 3y-8mo-3w-2d-18h-36m ago
U.S. liquefied natural gas company Venture Global LNG put out a tender seeking vessels that could pick up commissioning or test cargoes from its Calcasieu Pass LNG export plant, which is under construction, sources familiar with the tender said Friday. The tender seeks vessels as soon as October, bu....
Hellenic Shipping Freight News
Published 3y-8mo-3w-2d-18h-37m ago
Ukraine amp 8217 s grain exports have fallen almost 20% to 31.7 million tonnes so far this season, which runs from July 2020 to June 2021, economy ministry data showed. Traders sold 13.6 million tonnes of wheat, 13.6 million tonnes of corn and 3.96 million tonnes of barley, the data showed. Ukraine....
Hellenic Shipping Freight News
Published 3y-8mo-3w-4d-18h-36m ago
As more buyers from South America, Eastern Africa and South East Asia start queuing up for the Indian rice, the exports of the cereal — both basmati and non basmati — are seen scaling new highs this fiscal. Rice exports including both basmati and non basmati types are expected to range between 1....
Hellenic Shipping Freight News
Published 3y-8mo-3w-4d-18h-36m ago
Uganda’s coffee exports declined 4.9% in January from the same month last year on account of low arabica yields, the state run regulator Uganda coffee development Authority UCDA said. The regulator said in a report, seen by Reuters on Thursday, that the east African country shipped 446,560 60 ki....
Hellenic Shipping Freight News
Published 3y-8mo-3w-4d-18h-36m ago
Indonesia is “ready to fight” the European Union’s challenge of the Southeast Asian country’s ban on nickel ore exports at the World Trade Organisation, arguing the bloc’s actions may hinder Indonesia’s development plans, the trade minister said. Once the world’s biggest exporter of ni....
Hellenic Shipping Freight News
Published 3y-8mo-3w-4d-18h-37m ago
The Caspian Pipeline Consortium has received bids for crude deliveries via its network in 2021 totaling 67.5 million mt, CPC General Director Nikolay Gorban told journalists Feb. 25. This is equivalent to around 1.44 million b/d, using a conversion rate of 7.8 barrels per metric ton. It would repres....
Hellenic Shipping Freight News
Published 3y-8mo-3w-5d-2h-36m ago
South Korea imported 76.874 million barrels, or 2.48 million b/d, of crude oil in January, down 17.1% from 92.712 million barrels a year earlier, as local refiners kept oil products output to a minimum amid tepid consumer transportation fuel demand, latest data from state run Korea National Oil Corp....
Hellenic Shipping Freight News
Published 3y-8mo-3w-5d-6h-37m ago
The gas market will progressively become more interconnected and less regionalised due to the projected extension of total gas exports GECF said and noted the Asian LNG market, with 71% of global LNG imports, will remain the largest regional market. The share of traded LNG will increase to approxim....
Hellenic Shipping Freight News
Published 3y-8mo-3w-5d-6h-37m ago
With China amp 8217 s foreign trade in steel steadily picking up after the Chinese New Year holiday lull while international steel prices keep soaring, speculation regarding possible cuts to Chinese export tax rebates on steel has become more intense both in and out of China. The speculation that C....
Hellenic Shipping Freight News
Published 3y-8mo-3w-5d-6h-37m ago
India became a net importer of steel for the first time in the current fiscal in January, bucking the trend of the first nine months. The net trade deficit, however, was marginal at 0.06 MT. “India was net exporter of finished steel during April January 2020 21 with net trade surplus of 5.0 MT. Ho....
Hellenic Shipping Freight News
Published 3y-8mo-3w-5d-18h-36m ago
Cheniere will give its LNG customers emissions data associated with each cargo it produces at its two US export terminals, in a bid to make its environmental footprint more transparent at a time of increasing pressure on buyers to reduce their shale consumption. As the biggest US LNG exporter, Cheni....
Hellenic Shipping Freight News
Published 3y-8mo-3w-5d-18h-36m ago
Jordan amp 8217 s state grain buyer has issued a tender to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Thursday. The deadline for submissions of price offers in the tender is March 3. Shipment in the new tender is sought in a series of po....
Hellenic Shipping Freight News
Published 3y-8mo-3w-5d-18h-37m ago
A subsidiary of Russia’s Novatek has entered into a long term deal to supply liquefied natural gas LNG to Chinese state owned firm Shenergy Group Company, two industry sources told Reuters on Thursday. The deal is for Novatek Gas amp 038 Power Asia to supply about three million tonnes of LNG ....
Hellenic Shipping Freight News
Published 3y-8mo-3w-5d-18h-37m ago
With sub optimal utilisation of earlier $4.5 billion worth of three year financing framework, Pakistan and the International Islamic Trade Finance Corporation ITFC on Wednesday signed a $1.1bn trade financing facility for the current year. Under the Annual Financing Plan, “ITFC will mobilise tra....
Hellenic Shipping Freight News
Published 3y-8mo-3w-5d-18h-37m ago
Iraq amp 8217 s southern crude exports have been averaging 2.7 million b/d in February, in line with the country amp 8217 s OPEC+ quota, the head of state owned Basra Oil Co. said in an oil ministry statement. Iraq is committed to compliance with OPEC+ output cuts, Khaled al Hamza said in the stat....
Hellenic Shipping Freight News
Published 3y-8mo-3w-6d-2h-36m ago
The Saudi Grains Organization SAGO has completed procedures to import 660,000 tons of feed barley. The tender will reach the Kingdom between March and April 2021 through its different ports aboard 11 ships. SAGO Gov. Ahmed bin Abdul Aziz Al Faris said on Monday the batch of imported barley would h....
Hellenic Shipping Freight News
Published 3y-8mo-3w-6d-2h-36m ago
China is poised to receive about 21 million barrels of the new Iraqi crude grade Basrah Medium by mid March, with most of these shipments expected to be processed by the country amp 8217 s integrated refining complexes and newly built plants, according to latest shipping data and refining industry ....
Hellenic Shipping Freight News
Published 3y-8mo-3w-6d-6h-37m ago
Venezuela is shipping jet fuel to Iran in return for vital gasoline imports for the South American nation as part of a swap deal agreed by the two state run oil firms, three people with knowledge of the matter told Reuters. Iran has ramped up assistance to Venezuela since last year as the United Sta....
Hellenic Shipping Freight News
Published 3y-8mo-3w-6d-18h-37m ago
The Asian LNG buyers’ club is conservative by nature. A flicker of geopolitical risk, supply disruption or price volatility can cause sleepless nights from Tokyo to Singapore as the region’s buyers assess the potential impact. So, when freezing conditions hit the southern US last week, resulting....
Hellenic Shipping Freight News
Published 3y-8mo-3w-6d-18h-37m ago
The value of Saudi Arabia amp 8217 s oil exports in December dropped nearly 30%, or 19.5 billion riyals $5.2 billion , compared with the year before, official data showed on Wednesday. The value of non oil exports fell 7.7% in December to 18.4 billion riyals versus 20 billion riyals in December 20....
Hellenic Shipping Freight News
Published 3y-8mo-3w-6d-18h-37m ago
Qatar Petroleum has entered into a long term Sale and Purchase Agreement SPA with Vitol for the supply of 1.25 million tons per annum MTPA of liquefied natural gas LNG to Vitol’s final customers in Bangladesh. Under the agreement, LNG deliveries will commence later this year, further demonst....
Hellenic Shipping Freight News
Published 3y-8mo-3w-6d-18h-37m ago
U.S. coal shipments to some of the country amp 8217 s top importers increased significantly in the fourth quarter of 2020, with China recording a triple digit uptick amid its escalating trade dispute with Australia. Total U.S. coal exports during the three month period fell 7.3% year over year to 1....
Hellenic Shipping Freight News
Published 3y-9mo-2h-36m ago
Feedgas deliveries to U.S. LNG export facilities rebounded sharply after the polar blast in Texas and other parts of the Southern U.S. that had disrupted flows to the Gulf Coast facilities. Total U.S. deliveries had bottomed out at about 2.2 Bcf/d on Feb. 16, but by Feb. 21, the flows had reached ab....
Hellenic Shipping Freight News
Published 3y-9mo-2h-36m ago
India is planning to resume the import of energy from countries such as Iran and Venezuela to counter the high crude prices by some producers, local media reported. India may make diplomatic efforts to organize oil consuming countries against the Organization of the Petroleum Exporting Countries and....
Hellenic Shipping Freight News
Published 3y-9mo-6h-36m ago
Iranian crude oil exports have fallen in February by about 250,000 barrels per day, tanker tracker Petro Logistics said Tuesday, suggesting a jump in shipments has run out of steam. The OPEC member’s oil exports climbed in January after a boost in the fourth quarter, despite U.S. sanctions, in a s....
Hellenic Shipping Freight News
Published 3y-9mo-18h-37m ago
Agricultural exports from the US have huge possibilities in markets beyond the top importing countries, according to a senior US Department of Agriculture trade official. Nearly 40% of agriculture exports from the US are sent to markets outside the top six importing regions, and those are the market....
Hellenic Shipping Freight News
Published 3y-9mo-22h-36m ago
Iraq, the top oil supplier to India, is not cutting volumes to the South Asian country in February amid a focus to maintain its market share in Asia, which consumes at least 70% of its crude exports, the deputy director general of Iraq amp 8217 s State Oil Marketing Organization told S amp 38 P Gl....
Hellenic Shipping Freight News
Published 3y-9mo-1d-6h-37m ago
The share of Canada and the United States of America in India’s January oil imports surged to a record 11% while that of the Middle East and South America declined, data obtained from sources showed. Asia’s third largest economy imported about 4.8 million barrels per day bpd oil in January, a ....
Hellenic Shipping Freight News
Published 3y-9mo-1d-18h-36m ago
Jordan amp 8217 s state grain buyer is tendering to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Monday. The deadline for price offers in the tender is Feb. 24. Shipment in the new tender is sought in a series of possible combinations in 6....
Hellenic Shipping Freight News
Published 3y-9mo-1d-18h-36m ago
Pavilion Energy Trading amp 38 Supply Pte. Ltd. 1 “Pavilion Energy” and Chevron U.S.A. Inc Singapore Branch “Chevron” have signed a six year LNG sale and purchase agreement SPA for the supply of approximately 0.5 million tonnes of LNG per year to Singapore from 2023. To promote i....
Hellenic Shipping Freight News
Published 3y-9mo-1d-18h-37m ago
Egypt plans to export its first shipment of liquefied natural gas LNG from a re opened plant in Damietta to Europe, Spokesman for the Ministry of Petroleum Hamdy Abdel Aziz told MENA on Sunday. The LNG Tanker Golar Glacier has arrived in Damietta Port to transport the first experimental shipment f....
Hellenic Shipping Freight News
Published 3y-9mo-1d-18h-37m ago
Iran has achieved record high exports of petroleum products despite US sanctions, Oil Minister Bijan Zanganeh said in televised remarks. Zanganeh said former US President Donald Trump and his secretary of state, Mike Pompeo, had “joined the dustbin of history, but we are alive and working with mor....
Hellenic Shipping Freight News
Published 3y-9mo-2d-6h-37m ago
Belarus will begin using Russian ports for exports of its oil products next month, with total volumes of 9.8 million mt through 2023, according to an intergovernmental agreement signed Feb. 19. Russia and Belarus have been discussing exports via Russia since September, after Lithuania imposed sancti....
Hellenic Shipping Freight News
Published 3y-9mo-2d-18h-37m ago
Ukraine amp 8217 s grain exports have fallen 20.8% to 30.87 million tonnes this season, which runs from July 2020 to June 2021, economy ministry data showed on Friday. Traders sold 13.31 million tonnes of wheat, 13.08 million tonnes of corn and 3.96 million tonnes of barley, the data showed. Ukrain....
Hellenic Shipping Freight News
Published 3y-9mo-2d-18h-37m ago
South Korea amp 8217 s Major Feed Group emerged for feed wheat as the feed wheat corn price spread narrowed to close to a one year low but also on fears of freight rates trending even higher in the near term. The buying consortium booked 55,000 mt of feed wheat at $309.38/mt CFR, plus $1.50/mt seco....
Hellenic Shipping Freight News
Published 3y-9mo-2d-22h-36m ago
Asian liquefied natural gas LNG prices slipped this week, though the fall was limited by potential supply disruptions from the United States where a deep freeze prompted energy outages in Texas, with natural gas wells and pipelines frozen shut. The average LNG price for April delivery into Northea....
Hellenic Shipping Freight News
Published 3y-9mo-2d-22h-36m ago
A government agency in Pakistan has issued a new international tender to purchase and import 300,000 tonnes of wheat, European traders said. Price offers in the tender from the Trading Corporation of Pakistan TCP must be submitted on March 2. Pakistan has regularly bought wheat in the global marke....
Hellenic Shipping Freight News
Published 3y-9mo-4d-18h-37m ago
Oman LNG has offered a liquefied natural gas LNG cargo for delivery in March, two industry sources said on Friday. The offer provides for ex ship basis for delivery into Northeast Asia over March 29 to 31 or delivery into India over March 21 to 28, one of the sources said. Source: Reuters Reporti....
Hellenic Shipping Freight News
Published 3y-9mo-4d-22h-36m ago
Massive refining outages in the U.S. state of Texas due to freezing weather has led to a flurry of fuel tanker bookings from Europe, while several carriers were diverting away from the U.S. Gulf Coast, traders and analysts said. The cold snap has halted about one fifth of the United States’ refini....
Hellenic Shipping Freight News
Published 3y-9mo-4d-22h-36m ago
The Regional Comprehensive Economic Partnership, the world amp 8217 s largest free trade pact that China joined in late 2020 and which will likely take effect from mid 2021, will not have any major impact on US soybean and corn exports to China in the near future, the US Department of Agriculture s....
Hellenic Shipping Freight News
Published 3y-9mo-5d-2h-36m ago
Jordan amp 8217 s state grains buyer purchased 60,000 tonnes of hard milling wheat to be sourced from optional origins in a tender which closed on Wednesday, traders said. It was bought from trading house Cerealcom Dolj at an estimated $272 a tonne c amp 038 f for shipment in the second half of Se....
Hellenic Shipping Freight News
Published 3y-9mo-5d-18h-37m ago
Indian Prime Minister Narendra Modi said Wednesday that his government imported over 85 percent of oil and 53 percent of gas to meet domestic demand in the 2019 2020 April 2019 March 2020 fiscal year. Modi gave the figures while laying the foundation stone of various key projects of the oil and ga....
Hellenic Shipping Freight News
Published 3y-9mo-5d-18h-37m ago
Mexico expects to supply at least four shipments of liquefied natural gas LNG in the coming days to its power plants, the government said on Wednesday, after a rare winter freeze in the U.S. South limited fuel supply from Texas. Mexico’s state owned power utility Comision Federal de Electricidad....
Hellenic Shipping Freight News
Published 3y-9mo-5d-18h-37m ago
LNG exports from the US, one of the top three exporters, have completely halted due to the recent record breaking winter storms. No laden LNG tankers have been able to leave the US since Feb. 14 and multiple tankers remained berthed at export facilities in the US Gulf, data from Platts ship tracking....
Hellenic Shipping Freight News
Published 3y-9mo-5d-18h-37m ago
According to the U.S. Energy Information Administration’s EIA February 2021 Short Term Energy Outlook STEO , EIA forecasts that U.S. liquefied natural gas LNG exports will exceed natural gas exports by pipeline in the first and fourth quarters of 2021 and on an annual basis in 2022. Monthly U....
Hellenic Shipping Freight News
Published 3y-9mo-5d-18h-37m ago
Saudi Arabia’s crude oil exports rose for a sixth straight month to an eight month peak in December 2020, official data showed. Exports rose to 6.495 million barrels per day bpd , highest since April 2020, from November’s 6.35 million bpd. The world’s largest oil exporter’s total crude and ....
Hellenic Shipping Freight News
Published 3y-9mo-6d-6h-37m ago
Oil producer Kuwait Petroleum Corp KPC is in talks to shorten its annual supply deals with some customers in India and Japan to nine months this year to meet demand from its new refinery, sources close the matter told Reuters. At a meeting with Indian refiners this month, KPC officials said the st....
Hellenic Shipping Freight News
Published 3y-9mo-6d-6h-37m ago
Throughout much of its history, the United States has imported more petroleum which includes crude oil, refined petroleum products, and other liquids than it has exported. That status changed in 2020. The U.S. Energy Information Administration’s EIA February 2021 Short Term Energy Outlook STE....
Hellenic Shipping Freight News
Published 3y-9mo-6d-18h-37m ago
Soft wheat exports from the European Union in the 2020/21 season that started last July had reached 16.25 million tonnes by Feb. 14, data published by the European Commission showed on Monday. That was down from 19.53 million tonnes cleared by the same week last season, the data showed. Since Jan. 1....
Hellenic Shipping Freight News
Published 3y-9mo-1w-2h-37m ago
The EU is increasingly expected to lower import tariffs on brown rice in March, according to European market sources. Under the current framework, the Commission reviews brown rice imports biannually – in March and September – and sets the import tariff at either Eur30/mt, Eur42.50/mt or Eur65/m....
Hellenic Shipping Freight News
Published 3y-9mo-1w-2h-37m ago
India amp 8217 s maiden purchase of carbon neutral crude by Reliance Industries is a strong signal from the biggest private refiner of working toward its goal to become a net carbon zero company by 2035, a move that will also open up the doors for more such inflows, said Ravinder Kumar Malhotra, di....
Hellenic Shipping Freight News
Published 3y-9mo-1w-6h-37m ago
India raised the base import price of crude palm oil by $32 to $1,045 per tonne, the government said in a statement on Monday. The government revises base import prices of edible oils, gold and silver every fortnight and the price is used to calculate the amount of tax an importer needs to pay. Comm....
Hellenic Shipping Freight News
Published 3y-9mo-1w-22h-36m ago
Malaysian palm oil product exports for February 1 15 rose 27.4% to 530,545 tonnes from 416,565 tonnes shipped during January 1 15, cargo surveyor Intertek Testing Services said. Here is the breakdown of the ITS palm export figures for February 1 15 compared with a month ago in tonnes : PALM PRODUCT....
Hellenic Shipping Freight News
Published 3y-9mo-1w-1d-2h-36m ago
Algeria amp 8217 s state grains agency OAIC has issued an international tender to buy optional origin milling wheat, traders said, with a Tuesday deadline for bids. The tender indicated shipment from main supply regions such as the European Union could take place over March 21 31 and during the who....
Hellenic Shipping Freight News
Published 3y-9mo-1w-1d-2h-37m ago
The recent military coup in Myanmar is expected to inject headwinds into the Asian gasoline market as the political situation has raised fears of slowing imports in the near term, potentially squeezing domestic supplies in a country that has limited production bandwidth of its own. Any slowdown in p....
Hellenic Shipping Freight News
Published 3y-9mo-1w-1d-18h-36m ago
Iran said on Monday that a U.S. move this month to seize a cargo of oil on the grounds that it came from Tehran was an act of piracy, adding that the shipment did not belong to the Iranian government. Washington filed a lawsuit earlier this month to seize the cargo, alleging that Iran sought ...
The....
Hellenic Shipping Freight News
Published 3y-9mo-1w-1d-18h-37m ago
While Brazilian imports of poultry to Saudi Arabia have remained stable, demand for coffee from the South American country has seen a large slump in the Kingdom, according to official figures. The Brazilian Animal Protein Association reported: “Poultry exports from Brazil slid in Jan. 2021. Nevert....
Hellenic Shipping Freight News
Published 3y-9mo-1w-2d-2h-36m ago
India imported more than 500,000 tonnes of palm oil from Malaysia in January out of its overall edible oil imports of about 1.07 million tonnes. The imports from Malaysia comprised 497,337 tonnes of crude palm oil CPO , 9,204 tonnes of crude palm kernel oil and 2,701 tonnes of RBD palm olein, accor....
Hellenic Shipping Freight News
Published 3y-9mo-1w-2d-2h-36m ago
China has bailed out the copper and aluminium markets by importing record amounts of the rest of the world’s surplus metal. Not so the nickel market, however. Chinese imports of refined nickel fell by 32% year on year to 130,700 tonnes in 2020. It was the lowest annual total since 2014. This has n....
Hellenic Shipping Freight News
Published 3y-9mo-1w-2d-6h-36m ago
India amp 8217 s crude palm oil imports in January jumped 44.99 per cent y o y to 7.67 lakh tonnes, the Solvent Extractors amp 8217 Association of India SEA said. The crude palm oil imports during January 2020 stood at 5.29 lakh tonnes, SEA said in a statement. Import duty reduction from Novemb....
Hellenic Shipping Freight News
Published 3y-9mo-1w-2d-18h-37m ago
A potential strike at Norway’s Mongstad refinery next week could affect the export of crude oil from the offshore Johan Sverdrup and Troll fields, while gas exports would not be interrupted, the Safe labour union said on Thursday. Wage talks are due between the union and employers on Monday, and a....
Hellenic Shipping Freight News
Published 3y-9mo-1w-2d-22h-36m ago
India’s sugar exports are likely to drop more than 24% in the current year to September due to logistical constraints such as a shortage of containers and congestion at the country’s ports, a leading trade body said. India, the world’s second biggest sugar producer after Brazil, is likely to s....
Hellenic Shipping Freight News
Published 3y-9mo-1w-4d-18h-36m ago
Cheniere Energy Inc asked the U.S. Federal Energy Regulatory Commission FERC to approve the company’s request to put in service the third liquefaction train at its Corpus Christi liquefied natural gas LNG export plant in Texas. The train has already been operating for months in test mode. In i....
Hellenic Shipping Freight News
Published 3y-9mo-1w-4d-18h-37m ago
US corn net export sales fell 81% in the week ended Feb. 4 to 1.449 million mt following a record high the previous week, US Department of Agriculture data showed on Feb. 11. However, this was higher than market expectations by 49,000 mt. A mix of destination countries fueled the net sales during th....
Hellenic Shipping Freight News
Published 3y-9mo-1w-4d-18h-37m ago
Gas firm GAIL India Ltd GAIL.NS expects to end overseas sales of the liquefied natural gas LNG it secures from the United States from 2023, as local demand rises with the commissioning of new fertiliser plants, a company official said. GAIL buys 5.8 million tonnes per annum mtpa of LNG from th....
Hellenic Shipping Freight News
Published 3y-9mo-1w-5d-2h-36m ago
The United States has sold more than a million barrels of Iranian fuel seized under its sanctions program last year, a Department of Justice official said, as another ship with intercepted Iranian crude oil sails to a U.S. port. The seizures are part of Washington’s tough economic sanctions on Teh....
Hellenic Shipping Freight News
Published 3y-9mo-1w-5d-6h-36m ago
Weekly US crude exports averaged 2.62 million b/d of the week ended Feb. 5, down 866,000 b/d from the week prior, US Energy Information Administration data showed Feb. 10, as flows to Europe face steep competition from more competitive North Sea and West African barrels. The four week moving average....
Hellenic Shipping Freight News
Published 3y-9mo-1w-5d-6h-36m ago
Jordan amp 8217 s state grains buyer purchased 60,000 tonnes of milling wheat to be sourced from optional origins in a tender which closed on Wednesday, traders said. It was bought from trading house Ameropa at an estimated $270.50 a tonne c amp 038 f for shipment in the first half of September, t....
Hellenic Shipping Freight News
Published 3y-9mo-1w-5d-18h-36m ago
Weekly US coal ship departures totaled 29 in the week ended Feb. 6, down 10 from the previous week and down three from the year ago week, data from cFlow, Platts trade flow software, showed Feb. 10. The departing laden and part laden ships carried 1.8 million dwt, down 23.1% from the week before. Gu....
Hellenic Shipping Freight News
Published 3y-9mo-1w-5d-18h-36m ago
Chinese refiners significantly lifted gasoil exports in February to above 2 million mt in order to offset inventory pressure amid weak domestic demand, with the higher exports helping to meet regional gasoil demand rebounds. China amp 8217 s five oil product quota holders amp 8212 Sinopec, Petro....
Hellenic Shipping Freight News
Published 3y-9mo-1w-5d-18h-37m ago
Japan amp 8217 s largest upstream company Inpex said Feb. 10 it plans to keep its LNG and condensate shipments from its operated Ichthys project in Australia at a high level in 2021, with the project shipping around 120 LNG cargoes, 36 offshore condensate cargoes and 24 plant condensate cargoes. Th....
Hellenic Shipping Freight News
Published 3y-9mo-1w-6d-6h-36m ago
Indian wheat is expected to make bigger inroads into global markets in 2020 21 marketing year April March for the first time in six years, led by tightening supplies from major exporters and a swelling domestic inventory. India is likely to export 2.2 million mt of wheat in the 2020 21 marketing s....
Hellenic Shipping Freight News
Published 3y-9mo-1w-6d-6h-37m ago
At least five trading companies are believed to be taking part so far in the international tender from Jordan’s state grains buyer to purchase 120,000 tonnes of animal feed barley which closed on Tuesday, traders said. No purchase has yet been made and results are expected later on Tuesday, trader....
Hellenic Shipping Freight News
Published 3y-9mo-1w-6d-18h-36m ago
U.S. exports of propane have been increasing in recent months, primarily to countries in East Asia, as a result of cold weather and robust petrochemical feedstock consumption that drive demand in that region. Between April 2020 and November 2020 the most recent monthly data in the U.S. Energy Infor....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2h-36m ago
US imports of primary aluminum in December fell 27% year over year to 230,187 mt, and shipments of unalloyed primary aluminum from Canada to the US exceeded the quota level for the month, according to data released Feb. 8 by the US International Trade Commission. December amp 8217 s primary aluminu....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2h-36m ago
The European Union exported 16.37 million mt of wheat during July 1, 2020 Feb.7, 2021, according to EU Crop Observatory data released Feb. 8. In the previous marketing year during July 1, 2019 Feb. 9, 2020, the EU, including the UK exported 19.87 million mt of wheat, according to the data. The lates....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2h-36m ago
Latent LPG demand in Asia, led by China amp 8217 s growing market, could absorb the return of Iranian cargoes to global markets if the Biden administration were to lift the sanctions imposed by the Trump administration in 2018, trade sources have told S amp 38 P Global Platts. amp 8220 I believe....
Hellenic Shipping Freight News
Published 3y-9mo-2w-6h-37m ago
Indonesian state oil company PT Pertamina is estimated to increase its crude oil imports by 50.4% this year compared to 2020, its chief executive officer said on Tuesday, in an effort to reduce its current account deficit. The practice, which has been used since the middle of last year, will be more....
Hellenic Shipping Freight News
Published 3y-9mo-2w-22h-37m ago
Azeri BTC crude oil exports from Turkey’s Ceyhan port are set at 17.4 million barrels in March compared to 16.8 million barrels in February’s plan, according to the schedule seen by Reuters on Monday. On a daily basis, loadings of the oil grade will decrease by 6.5% in March compared to February....
Hellenic Shipping Freight News
Published 3y-9mo-2w-22h-37m ago
Major palm oil buyers are seeking to block FGV Holdings and Sime Darby Plantations from their global supply chain after the United States banned imports from the two Malaysian producers, four sources told Reuters. U.S. food company General Mills said it has issued global ‘no buy orders’ for both....
Hellenic Shipping Freight News
Published 3y-9mo-2w-1d-2h-37m ago
South Korea is expected to continue cutting back US crude purchases in 2021 as North American export grades no longer hold competitive edge over Middle Eastern sour crudes, while local refiners remain reluctant to buy high volumes of middle distillate rich US grades due to dismal domestic demand for....
Hellenic Shipping Freight News
Published 3y-9mo-2w-1d-2h-37m ago
Commodity trader Vitol has placed the lowest offers for two liquefied natural gas LNG cargoes, which Pakistan LNG was seeking for delivery in April, according to a notice on the company website. Vitol placed the lowest offers among three other companies, at a slope rate of 11.0522 percent against ....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2d-2h-36m ago
US coal exports fell to a four year low 62.66 million mt in 2020, down 25.6% from 84.23 million mt exported in 2019 and the second lowest figure in the last 11 years, only higher than the 54.68 million mt shipped out in 2016, according to US Census Bureau data released Feb. 5. December coal exports ....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2d-2h-36m ago
A version of this Spotlight from S amp 38 P Global Platts Analytics was first published January 27. The Jan. 26 announcement that China purchased 1.36 million mt of US origin corn rallied prompt corn futures roughly 20 cents and sent the national corn cash index up to $5.10/bu just a day after it t....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2d-6h-37m ago
Russia amp 8217 s plan to control food inflation by curbing grain exports is following a potentially damaging path trod by rival producer Argentina, threatening valuable sales to major customers such as Egypt, traders and analysts said. With global food prices at their highest in more than 6 years ....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2d-6h-37m ago
This winter amp 8217 s LNG supply constraints and the associated surge in Asian spot LNG prices in mid January have prompted buyers to rethink their procurement strategies, given sellers amp 8217 opportunity to market long term deals with renewed vigor, and may trigger some lasting changes in con....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2d-18h-37m ago
The Iranian deputy oil minister said that the country has become the biggest petrol exporter among the OPEC countries by increasing production and thanks to COVID 19 pandemic restrictions. Speaking to the Iranian Tasnim news agency, Deputy Oil Minister Alireza Sadegh Abadi said that thanks to the re....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2d-18h-37m ago
Iran’s exports of steel and other metals as well as mineral products to China exceeded 1.22 billion during the nine months of the current Iranian year March 21, 2020 amp 8211 December 21, 2020 . According to the data released by the Islamic Republic of Iran Customs Administration amp 124 IR....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2d-18h-37m ago
The US exported 423.02 million liters, or 111.68 million gallons, of ethanol in December, down 24% year on year but only 2% lower month on month, Census Bureau data showed Feb. 5. Canada was the top destination for fuel ethanol in December, taking 87.24 million liters, or 23.03 million gallons, acco....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2d-18h-37m ago
French soft wheat shipments outside the European Union in January fell for the second month in a row as loadings for China dropped after a strong first half of the season, an initial estimate based on Refinitiv data showed. Soft wheat exports by sea to destinations outside the EU and Britain came to....
Hellenic Shipping Freight News
Published 3y-9mo-2w-2d-22h-36m ago
The lagging Corpus Christi hub in Texas should continue to rebound in 2021 as rising global oil demand boosts US crude exports from South Texas, NuStar said Feb. 4. While NuStar amp 8217 s refined products volumes are almost 100% recovered from 2019 levels as of early 2021, crude demand has been sl....
Hellenic Shipping Freight News
Published 3y-9mo-2w-4d-18h-36m ago
Jordan amp 8217 s state grain buyer is tendering to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Thursday. The tender closes on Feb. 10. A new tender had been expected after Jordan made no purchase in its previous tender for 120,000 tonnes....
Hellenic Shipping Freight News
Published 3y-9mo-2w-4d-18h-36m ago
Feedmillers in South Korea have emerged to buy corn for the first time in 2021 as cheaper Argentinian corn became available amid soaring US prices, market sources said. South Korea amp 8217 s Major Feed Group was looking to buy two 55,000 70,000 mt cargoes, one each for delivery over May 20 and Jun....
Hellenic Shipping Freight News
Published 3y-9mo-2w-4d-18h-37m ago
The Baku Tbilisi Ceyhan pipeline that takes Azerbaijani oil to Europe via Europe, exported more than 27.8 million tons of crude oil loaded on 278 tankers at Ceyhan terminal in 2020, BP Azerbaijan has said in its annual report. During the reported period, the Baku Tbilisi Ceyhan spent about $111 mill....
Hellenic Shipping Freight News
Published 3y-9mo-2w-4d-18h-37m ago
The U.S. Court of International Trade upheld former President Donald Trump’s “Section 232” U.S. national security tariffs on steel imports on Thursday, denying a steel importer’s challenge to the duties. A three judge panel at the New York based federal court, which hears challenges to trade....
Hellenic Shipping Freight News
Published 3y-9mo-2w-4d-18h-37m ago
Pakistan State Oil PSO is seeking a liquefied natural gas LNG cargo for delivery in April through a tender after a five year contract with commodity trader Gunvor expired in December, three industry sources told Reuters. If awarded, this will be the state owned company’s first spot purchase in....
Hellenic Shipping Freight News
Published 3y-9mo-2w-4d-18h-37m ago
US corn net export sales hit a record high of 7.44 million mt in the week ended Jan. 28, a sharp increase from 1.85 million mt the previous week, data from the US Department of Agriculture showed Feb. 4, on the back of strong Chinese buying. The total US export sales was within market expectations .....
Hellenic Shipping Freight News
Published 3y-9mo-2w-4d-22h-36m ago
Ecuador’s state oil company Petroecuador said on Thursday that trader Unipec America Inc had won a tender to purchase some 2.16 million barrels of Oriente crude at a discount of $0.79 per barrel to front month West Texas Intermediate WTI crude . Houston based Unipec America is a unit of Beijing ....
Hellenic Shipping Freight News
Published 3y-9mo-2w-4d-22h-36m ago
Liquefied natural gas LNG imports by Poland’s dominant gas firm PGNiG rose by 10% in 2020 to 3.76 billion cubic metres bcm , as the company continues to look to reduce its reliance on Russian gas, it said. PGNiG buys most of the gas it resells from Russia’s Gazprom via the Yamal pipeline base....
Hellenic Shipping Freight News
Published 3y-9mo-2w-4d-22h-36m ago
Indian refiners would resume imports of Iranian oil if the United States eases sanctions against Tehran, the chairman of state run Hindustan Petroleum Corp said on Thursday. U.S. President Joe Biden’s administration is seeking a diplomatic solution to the nuclear dispute with Iran, which could see....
Hellenic Shipping Freight News
Published 3y-9mo-2w-5d-2h-36m ago
U.S. crude oil imports and exports both increased during the week ending Jan. 29, the U.S. Energy Information Administration EIA said. U.S. crude oil imports averaged 6.5 million barrels per day b/d last week, up by about 1.4 million b/d from the previous week, while crude oil exports averaged a....
Hellenic Shipping Freight News
Published 3y-9mo-2w-5d-2h-36m ago
Japanese trading house Mitsubishi expects the recent rally in coking coal prices to continue as long as China keeps an unusual suspension of customs clearance of coal cargoes from Australia, its chief financial officer said. The company, which is involved in food production and distribution business....
Hellenic Shipping Freight News
Published 3y-9mo-2w-5d-6h-37m ago
China amp 8217 s independent refineries imported 18.16 million mt, or 4.3 million b/d, of crude and bitumen in January, a 35.1% on the month jump, as these privately held companies started to actively discharge the oil off tankers that had been floating near Shandong ports since December 2020 as so....
Hellenic Shipping Freight News
Published 3y-9mo-2w-5d-18h-36m ago
Iraq amp 8217 s federal government exported 891,000 b/d of the new Basrah Medium crude grade in January, comprising 32% of total oil exported from the southern Gulf terminals during that month, sources from the State Oil Marketing Organization told S amp 38 P Global Platts Feb. 3. Basrah Light exp....
Hellenic Shipping Freight News
Published 3y-9mo-2w-5d-18h-37m ago
The spread between the LNG US FOB Gulf Coast Marker for the first half of February GCM H1 Feb and the DES Northwest Europe Marker for delivery in the second half of February NWE H2 Feb suggests US LNG spot cargoes could reach Europe later this month as Asian markets will be less profitable. Howe....
Hellenic Shipping Freight News
Published 3y-9mo-2w-6d-2h-36m ago
Around 10 to 11 LPG cargoes loading in February from the US to Asia have been canceled as the arbitrage narrows due to a two week retreat in Asian prices and disruptions caused by closures of the Houston Ship Channel since Jan. 20, trade and shipping sources said. The cancellations will reduce US ca....
Hellenic Shipping Freight News
Published 3y-9mo-2w-6d-6h-37m ago
China will witness a positive growth in crude oil imports in 2021, albeit at a slower pace compared with 2020, as a sharp rebound in global oil prices and limited capacity expansion plans at home will limit the appetite of Asia amp 8217 s biggest oil consumer to buy and maintain plentiful inventori....
Hellenic Shipping Freight News
Published 3y-9mo-2w-6d-6h-37m ago
Jordan said Tuesday it imports Iraqi oil with a discount of 16 U.S. dollars from the price of Brent crude per barrel to cover the difference of transport costs and deviations in specifications. The remarks were made by Jordanian Minister of Energy and Mineral Resources Hala Zawati. In 2009, Jordan s....
Hellenic Shipping Freight News
Published 3y-9mo-2w-6d-18h-36m ago
China was the top destination for US LNG in January for the second month in a row, amid a historic run up in Asian spot prices and despite ongoing constraints at the Panama Canal, S amp 38 P Global Platts Analytics data Feb. 1 showed. The 14 cargoes delivered to China last month tied China amp 821....
Hellenic Shipping Freight News
Published 3y-9mo-2w-6d-18h-36m ago
Coal exports out of the terminals in the Hampton Roads region in Virginia dropped to 26.64 million st in 2020, down 20.9% from 2019 and the second lowest total in the last 13 years, only higher than 21.65 million st in 2016, according to data from the Virginia Maritime Association released Feb. 2. I....
Hellenic Shipping Freight News
Published 3y-9mo-2w-6d-18h-37m ago
Egypt amp 8217 s state grains buyer, the General Authority for Supply Commodities GASC, , on Tuesday received a lowest offer of $293.75 per tonne for 60,000 tonnes of French wheat in an international purchase tender. GASC is seeking an unspecified quantity of wheat for shipment March 15 30, tappin....
Hellenic Shipping Freight News
Published 3y-9mo-2w-6d-18h-37m ago
India has imposed an additional tax on crude palm oil imports as the world amp 8217 s biggest importer of vegetable oils tries to build domestic agriculture infrastructure by taxing imports, Finance Minister Nirmala Sitharaman said. India cut the basic import tax on crude palm oil to 15% from 27.5%....
Hellenic Shipping Freight News
Published 3y-9mo-3w-2h-36m ago
Venezuelan PDVSA’s growing pool of new customers helped the state oil company boost exports in January, but the increase was not enough to offset the cumulative effect of U.S. sanctions, according to documents from the firm and vessel tracking data. Washington imposed strict sanctions on PDVSA in ....
Hellenic Shipping Freight News
Published 3y-9mo-3w-2h-37m ago
South African manganese ore miners Assore and UMK have both declared force majeure on near term deliveries due to heavy rains and floods, which impacted transportation of the ores, multiple industry sources told S amp 38 P Global Platts Feb. 2. Assore confirmed Feb. 2 of the force majeure, but said....
Hellenic Shipping Freight News
Published 3y-9mo-3w-18h-36m ago
Egypt amp 8217 s state grains buyer, the General Authority for Supply Commodities GASC , set a tender on Monday to buy an unspecified amount of wheat from global suppliers for shipment March 15 30. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of soft and/or millin....
Hellenic Shipping Freight News
Published 3y-9mo-3w-18h-37m ago
Russian wheat export prices fell for the second consecutive week last week due to more active supply from farmers concerned about upcoming higher wheat export taxes later in the marketing season, analysts said on Monday. Moscow is attempting to reduce wheat exports to help curb rising domestic food ....
Hellenic Shipping Freight News
Published 3y-9mo-3w-22h-36m ago
Iraq amp 8217 s federal oil exports in January rose 0.8% month on month amid signs OPEC amp 8217 s second largest producer continued to pump above its quota of 3.857 million b/d. Oil exports, excluding flows from the semi autonomous Kurdistan region, reached 2.868 million b/d in January, from 2.84....
Hellenic Shipping Freight News
Published 3y-9mo-3w-1d-6h-37m ago
Cash premiums for Thai HiPol raw sugar prompt loading cargoes have found support in recent weeks, due to an improvement in buying interest from key destination buyers such as Indonesia and Vietnam, market sources said. Thai HiPol spot February loading cargoes were assessed at 179 points premium over....
Hellenic Shipping Freight News
Published 3y-9mo-3w-1d-18h-36m ago
European naphtha is set to see its bullish sentiment continue entering February on a boost from gasoline exports to the US, even as heating demand eases. The backwardation in the February March CIF naphtha swap market structure steepened 30.4% on the week to close at $7.50/mt on Jan. 28. The January....
Hellenic Shipping Freight News
Published 3y-9mo-3w-2d-2h-36m ago
India is likely to announce a five year plan to cut expensive vegetable oil imports worth $10 billion a year in next week’s federal budget by providing farmers with financial incentives to switch to oilseeds from grains, said three senior government officials. Higher oilseed production in India, t....
Hellenic Shipping Freight News
Published 3y-9mo-3w-2d-2h-36m ago
Russia, one of the world amp 8217 s largest exporters of wheat, is considering introducing a formula based export tax for wheat from June 1, two sources familiar with government talks, told Reuters. The tax may be set at 70% of price per tonne minus $200, they said. One of the sources added that Ru....
Hellenic Shipping Freight News
Published 3y-9mo-3w-2d-2h-36m ago
Asia’s crude oil imports are off to a roaring start in the New Year, as China once again ramps up purchases and the region’s other major buyers show signs of demand recovering despite the ongoing coronavirus pandemic. A total of 26.14 million barrels per day bpd is forecast to be discharged in....
Hellenic Shipping Freight News
Published 3y-9mo-3w-2d-18h-37m ago
Venezuela amp 8217 s state run oil company PDVSA has begun marketing about 570,000 barrels of Corocoro medium crude recently offloaded from a floating facility that was listing last year, two sources with knowledge of the offer said. Crude onboard the Floating Storage and Offloading facility FSO ....
Hellenic Shipping Freight News
Published 3y-9mo-3w-2d-22h-36m ago
Iranian oil exports are climbing in January after a boost in the fourth quarter despite U.S. sanctions, Reuters reported based on figures from SVB International and two other firms. Last week, Iran’s Deputy Oil Minister Amir Hossein Zamaninia said the country has started boosting its oil productio....
Hellenic Shipping Freight News
Published 3y-9mo-3w-2d-22h-36m ago
Jordan amp 8217 s state grain buyer, the trade ministry, is tendering to buy 120,000 tonnes of milling wheat sourced from optional origins, European traders said on Thursday. The tender closes on Feb. 3. Shipment in the new tender is sought in a series of possible combinations in 60,000 tonne consi....
Hellenic Shipping Freight News
Published 3y-9mo-3w-4d-18h-36m ago
Japan amp 8217 s ferrous scrap exports volume reached an 11 year high of 9.39 million mt in 2020, according to data from the country amp 8217 s finance ministry, driven by increased demand from Bangladesh, Vietnam and Taiwan. Vietnam was the top destination for Japanese material at 3.41 million mt....
Hellenic Shipping Freight News
Published 3y-9mo-3w-4d-18h-36m ago
The world’s second biggest oil exporter, Russia, is planning to cut overseas shipments of its seaborne crude from the country’s western ports next month, to curb a record surge in domestic fuel prices. The exports of Urals crude from Russia’s western ports will be slashed by up to 20 percent i....
Hellenic Shipping Freight News
Published 3y-9mo-3w-4d-18h-36m ago
Japan amp 8217 s iron and steel product exports fell 4.9% year on year to 32.14 million mt in 2020, data from the Japan Iron amp 38 Steel Federation showed Jan. 28, as global demand weakened due to the pandemic. The result was cushioned by a slight recovery in December exports, which rose 5% fro....
Hellenic Shipping Freight News
Published 3y-9mo-3w-4d-18h-37m ago
Algeria’s state grains agency OAIC is believed to have purchased about 630,000 to 660,000 tonnes of optional origin milling wheat in an international tender which closed on Wednesday, European traders said in assessments on Thursday. Initial estimates late on Wednesday put the purchase at between ....
Hellenic Shipping Freight News
Published 3y-9mo-3w-4d-18h-37m ago
Oxy Low Carbon Ventures, a subsidiary of Occidental Petroleum, delivered 2 million barrels of amp 8220 carbon neutral oil amp 8221 to Reliance Industries in India, it said late Jan 28. The US company said it was the energy industry amp 8217 s first major petroleum shipment in which greenhouse g....
Hellenic Shipping Freight News
Published 3y-9mo-3w-4d-18h-37m ago
South Africa will grow even more dependent on imports for its fuel needs as the country amp 8217 s refining sector faces an uncertain future, Avhapfani Tshifularo, Executive Director of the South African Petroleum Industry Association SAPIA said Jan. 27. amp 8220 Imports are becoming more attra....
Hellenic Shipping Freight News
Published 3y-9mo-3w-4d-18h-37m ago
Ukraine amp 8217 s grain exports have fallen almost 20% to 28.7 million tonnes this season, which runs from July 2020 to June 2021, economy ministry data showed on Friday. Traders sold 12.99 million tonnes of wheat, 10.37 million tonnes of corn and 3.9 million tonnes of barley, the data showed. Ukr....
Hellenic Shipping Freight News
Published 3y-9mo-3w-4d-22h-36m ago
Jordan amp 8217 s state grains buyer purchased 60,000 tonnes of hard milling wheat to be sourced from optional origins in a tender which closed on Wednesday, traders said. It was bought from trading house Nibulon at $273.30 a tonne c amp 038 f for shipment in the second half of August 2021, they s....
Hellenic Shipping Freight News
Published 3y-9mo-3w-5d-18h-36m ago
Weekly US crude exports jumped 1.1 million b/d to 3.36 million b/d over the week ended on Jan. 22, according to data from the US Energy Information Administration Jan. 27, despite difficult arbitrage economics. The rise took exports to their highest average weekly export level since the week ended o....
Hellenic Shipping Freight News
Published 3y-9mo-3w-5d-18h-37m ago
China has bought amp 8220 roughly 200 million gallons amp 8221 of U.S. ethanol for the first half of 2021, matching its previous record for annual imports of the corn based biofuel, Archer Daniels Midland Co Chief Financial Officer Ray Young said. The accelerated imports are among several positi....
Hellenic Shipping Freight News
Published 3y-9mo-3w-6d-2h-37m ago
Indian Oil Corp bought a liquefied natural gas LNG cargo for delivery over late February to early March and is seeking another cargo for delivery in March, three industry sources said. It bought the cargo for delivery over Feb. 20 to March 5 at $8.70 per million British thermal units mmBtu from ....
Hellenic Shipping Freight News
Published 3y-9mo-3w-6d-2h-37m ago
Japan amp 8217 s cold spell has stoked LPG demand in city gas supply for heating, boosting imports until February, though this might not last until March, trade sources said. The increase in city gas demand requires incremental supply of LPG amp 8212 which has a higher calorific value, or energy....
Hellenic Shipping Freight News
Published 3y-9mo-3w-6d-6h-37m ago
US Gulf Coast middle distillate shipments set to land in Europe in February amount to 110,000 mt so far, all in Northwest Europe, according to Platts cFlow, trade flow software, on Jan. 26. A total of around 400,000 mt of USGC middle distillates were due to arrive in Europe in January, including 370....
Hellenic Shipping Freight News
Published 3y-9mo-3w-6d-18h-37m ago
India amp 8217 s crude oil imports rose to their highest level in over two years in December as easing of most of the coronavirus led restrictions led to improved economic activity and higher fuel demand. Crude oil imports rose to 20.49 million tonnes last month, their highest since October 2018, d....
Hellenic Shipping Freight News
Published 3y-9mo-4w-18h-36m ago
A bypass pipeline will come online Feb. 1 to restore service to the Cameron Highway Oil Pipeline System that moves crude oil from the US Gulf of Mexico to Texas port hubs, Genesis Energy confirmed on Jan. 25. The 500,000 b/d, offshore crude system, called CHOPS, has been down since late August when ....
Hellenic Shipping Freight News
Published 3y-9mo-4w-18h-37m ago
Egyptian LNG exports from the Shell operated Idku plant amp 8212 for now the country amp 8217 s only operational LNG facility amp 8212 have remained strong so far in 2021 following the winter jump in spot LNG prices. The surge in exports comes as Italy amp 8217 s Eni and partners prepare to ....
Hellenic Shipping Freight News
Published 3y-9mo-4w-22h-37m ago
Libya amp 8217 s resurgent crude exports could face a massive blow, as a militia controlling three key eastern terminals is threatening to shut down shipments in a long festering salary dispute. The Petroleum Facilities Guard militia group has begun a strike at the Ras Lanuf, Marsa el Hariga and Es....
Hellenic Shipping Freight News
Published 3y-9mo-4w-1d-18h-36m ago
The slower pace at which Thailand has been crushing sugar since the start of the October 2020 September 2021 season is expected to reduce the supply of available sugar in the first quarter of 2021, which would be supportive of Thai cash premiums for the prompt shipment month. amp 8220 Cane deliver....
Hellenic Shipping Freight News
Published 3y-9mo-4w-1d-18h-37m ago
The natural gas output capacity at three Norwegian offshore fields was cut by a combined 43.5 million cubic metres per day on Sunday due to unplanned outages, pipeline system operator Gassco said. Norway is Britain amp 8217 s largest external gas supplier, and the second largest of Europe after Rus....
Hellenic Shipping Freight News
Published 3y-9mo-4w-1d-18h-37m ago
Bangladesh is aiming to boost LNG imports by more than a third in 2021 from 2020 levels, with most of the incremental volumes expected to be sourced from the spot market, a senior Petrobangla official told S amp 38 P Global Platts. The country eyes importing around 12.14 million cubic meters of LNG....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-2h-36m ago
Indonesia may no longer require to import LPG from 2030 as the country will likely be able to produce enough dimethyl ether, or DME, a substitute source for the fuel, a senior government official said in a parliamentary hearing in the week of Jan. 17. This is the latest move by Indonesia, the fourth....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-2h-36m ago
Russia in 2020 ranked second after Saudi Arabia in the list of the largest oil suppliers to China. According to the General Customs Administration of China, in 12 months Beijing purchased more than 83.57 mln tonnes of oil from Moscow. According to the report, the price of oil purchased from Russia e....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-6h-36m ago
The recent sharp downward price correction of Japanese seaborne scrap since start of the year has whetted the appetite of Chinese buyers now eager to import material, regional sources said. amp 8220 It seems Japanese heavy scrap prices have corrected down to levels close to our domestic ones, amp ....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-6h-36m ago
Fog continued to limit activity at US LNG export facilities in Texas and Louisiana Jan. 22. The weather conditions were expected to persist for a short period, according to notices to shippers. Feedgas deliveries to US LNG export facilities have been robust in recent months amid a huge rally in the ....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-6h-36m ago
China amp 8217 s gasoline exports to Australia shot up to 70,000 mt in December 2020, almost double the shipments in the same month a year earlier and marking a big spike from the zero cargoes in November, detailed data released by the General Administration of Customs showed on Jan. 21. The Decemb....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-18h-36m ago
Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC’s second largest producer which is trying to meet its obligations under the group’s production deal. Iraq was the top oil supplier to India in 2020 ....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-18h-36m ago
The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding. U.S. President Joe Biden canceled Keystone XL’s permit on his first day in office Wednesday, dea....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-18h-37m ago
Japan’s oil imports fell to the lowest in more than 50 years last year as the pandemic hit economic activity and speeded a long term decline, while other energy purchases fell to decade lows, Reuters calculations based on data showed. Liquefied natural gas LNG imports also declined, dropping to ....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-18h-37m ago
Record volumes of Canadian natural gas flowing into the US Pacific Northwest combined with strong local hydroelectric output weakened regional pricing hubs. Price strength observed at the Sumas and Kingsgate hubs through the first two months of winter quickly evaporated in January amid incremental l....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-18h-37m ago
U.S. crude oil imports and exports both decreased during the week ending Jan. 15, the U.S. Energy Information Administration EIA said on Friday. U.S. crude oil imports averaged 6.0 million barrels per day b/d last week, down by about 194,000 b/d from the previous week, while crude oil exports av....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-22h-36m ago
Crude exports of Nigeria amp 8217 s key crude Qua Iboe are set to resume for the first time in almost six weeks after a fire at the terminal halted production and loadings, shipping and trading sources said Jan. 22. Later in the day, a spokesman at ExxonMobil confirmed it had lifted force majeure o....
Hellenic Shipping Freight News
Published 3y-9mo-4w-2d-22h-36m ago
Jordan amp 8217 s state grain buyer the trade ministry is tendering to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Thursday. The tender closes on Jan. 27. Source: Reuters Reporting by Michael Hogan
The post Jordan issues new tender to b....
Hellenic Shipping Freight News
Published 3y-10mo-1d-18h-36m ago
Buyers of liquefied natural gas LNG from the United States are expected to cancel up to five cargoes for loading in March, half the volumes that were cancelled in February, trade sources said. The exact number of cancellations was not immediately clear but several trade sources estimated a range o....
Hellenic Shipping Freight News
Published 3y-10mo-1d-18h-37m ago
Russia plans to increase oil exports from its Western ports by 0.2 million tonnes to 1.5 million tonnes in Feb. 1 10 compared to the same period of January, the preliminary loading schedule seen by Reuters showed. Oil loadings will rise by 15% for Feb. 1 10 compared to Jan. 1 10, according to Reuter....
Hellenic Shipping Freight News
Published 3y-10mo-1d-18h-37m ago
Algeria’s state grains agency OAIC is believed to have purchased about 390,000 tonnes of optional origin milling wheat in an international tender which closed on Wednesday, European traders said in assessments on Thursday. Initial estimates late on Wednesday put the purchase at between 330,000 ton....
Hellenic Shipping Freight News
Published 3y-10mo-1d-18h-37m ago
Iran’s oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite U.S. sanctions, the oil minister said on Friday. Bijan Zanganeh did not give figures but said exports of crude had recently risen “significantly” despite tough sa....
Hellenic Shipping Freight News
Published 3y-10mo-1d-18h-37m ago
The Saudi Grains Organization SAGO announced on Thursday a tender to import 480,000 tons of wheat to be supplied during the period of March April 2021 in order to increase the reserve stock until the private sector assumes the task of importing and selling barley. Governor of SAGO Eng. Ahmad Abdul....
Hellenic Shipping Freight News
Published 3y-10mo-1d-18h-37m ago
Crude exports of Nigeria amp 8217 s key crude Qua Iboe are set to resume, for the first time in almost six weeks after a fire at the terminal halted production and loadings, shipping and trading sources said Jan. 22. Qua Iboe production started to ramp up to normal levels of 200,000 b/d in the past....
Hellenic Shipping Freight News
Published 3y-10mo-1d-18h-37m ago
Tunisia amp 8217 s state grains agency has issued an international tender to purchase an estimated 92,000 tonnes of durum wheat, 92,000 tonnes of soft wheat and 75,000 tonnes of animal feed barley, European traders said on Thursday. The tender closes on Friday, Jan. 22, they said. The grains can be....
Hellenic Shipping Freight News
Published 3y-10mo-1d-18h-37m ago
Lack of containers has put brakes to sugar exports from India, said exporters adding that with rising container movement in the US and China the number of containers available to Indian exporters are fewer. Sugar mills and traders are also facing a shortage of trucks to transport sugar to the ports ....
Hellenic Shipping Freight News
Published 3y-10mo-1d-22h-36m ago
Russia amp 8217 s state oil giant Rosneft issued a tender on Wednesday to sell between 2.52 million tonnes and 11.28 million tonnes of Urals oil loading from the state amp 8217 s ports in April amp 8211 September 2021, according to the tender invitation on its website. The producer also offered....
Hellenic Shipping Freight News
Published 3y-10mo-2d-2h-36m ago
Saudi Arabia amp 8217 s crude oil exports in November 2020 rose to 6.354 million barrels per day from 6.159 million bpd in October, official data showed. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries OPEC to the Joint Orga....
Hellenic Shipping Freight News
Published 3y-10mo-2d-6h-36m ago
Iraq amp 8217 s crude exports to India grew nearly double digits last year, helping it retain the title of India amp 8217 s top oil supplier in 2020, but it may struggle to attain similar growth in 2021 if the newly appointed US President Joe Biden resurrects the nuclear deal with Tehran, which co....
Hellenic Shipping Freight News
Published 3y-10mo-2d-6h-36m ago
India’s crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day bpd as its refiners cranked up output to meet a rebound in fuel demand, data from trade sources showed. India’s year end rush for crude supplies coincided with strong....
Hellenic Shipping Freight News
Published 3y-10mo-2d-6h-36m ago
Few if any US LNG cancellations were expected for March, according to multiple traders Jan. 20. The date is important as it represents the deadline to nominate March cargo cancellations at Cheniere amp 8217 s two liquefaction facilities, which account for about 50% of US LNG export capacity. Export....
Hellenic Shipping Freight News
Published 3y-10mo-2d-18h-37m ago
Jordan amp 8217 s state grains buyer purchased 120,000 tonnes of hard milling wheat to be sourced from optional origins in a tender which closed on Wednesday, traders said. It bought about 60,000 tonnes with trading house CHS believed to be the seller at an estimated $277.40 a tonne c amp 038 f fo....
Hellenic Shipping Freight News
Published 3y-10mo-2d-18h-37m ago
Asia amp 8217 s growing appetite for arbitraged naphtha will continue to be satisfied by Europe and the US in the near term, despite the strong pull for the feedstock by Europe amp 8217 s petrochemical markets, which has consistently reduced the volume of naphtha heading East in the last few month....
Hellenic Shipping Freight News
Published 3y-10mo-2d-18h-37m ago
Buyers have canceled several Libyan Amna, Abu Attifel and Zueitina crude oil purchases after high mercury levels were detected in the cargoes, sources close to the matter said Jan. 21. The sources said that the issue had so far only impacted the three grades of Amna, Abu Attifel and Zueitina. State ....
Hellenic Shipping Freight News
Published 3y-10mo-2d-18h-37m ago
Japan amp 8217 s crude oil imports will likely drop 5 10% on the year in 2021, without a recovery from the coronavirus pandemic, Petroleum Association of Japan President Tsutomu Sugimori said Jan. 21, extending the decline after falling to the lowest level in decades last year. amp 8220 When cons....
Hellenic Shipping Freight News
Published 3y-10mo-2d-18h-37m ago
Japan amp 8217 s Ministry of Agriculture bought 72,653 tonnes of food quality wheat from the United States and Canada in a regular tender. Japan, the world amp 8217 s sixth biggest wheat importer, keeps a tight grip on imports of the country amp 8217 s second most important staple after rice and ....
Hellenic Shipping Freight News
Published 3y-10mo-3d-2h-36m ago
Agro export companies in Argentina are concerned about independent truck owners who are blocking roads as part of a protest over what drivers say are exorbitant taxes and highway tolls, the CIARA CEC export industry chamber said. Owners and drivers, grouped in the informal TUDA association Transpor....
Hellenic Shipping Freight News
Published 3y-10mo-3d-2h-36m ago
Russian wheat export prices breached the $300/mt mark Jan. 18 for the first time since S amp 38 P Global Platts started assessing the commodity in 2014, as concerns mount about amp 8220 floating amp 8221 export taxes, with sources expecting the uptrend in prices to continue in the near term. Th....
Hellenic Shipping Freight News
Published 3y-10mo-3d-6h-36m ago
Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, Chinese government data showed on Wednesday. Oil demand in China, the world’s top oil importer, remained strong last year even as the coronavirus crisis hammered global appeti....
Hellenic Shipping Freight News
Published 3y-10mo-3d-18h-36m ago
The world amp 8217 s largest ethane carrier was headed toward the Panama Canal on Jan. 19 after loading at Energy Transfer amp 8217 s terminal in Nederland, Texas, P latts trade flow software cFlow showed. The Seri Everest, a Very Large Ethane Carrier, departed on its maiden voyage from the Orbit ....
Hellenic Shipping Freight News
Published 3y-10mo-3d-18h-36m ago
China amp 8217 s crude imports from the US surged 211% year on year to 19.76 million mt, or an average 395,746 b/d, in 2020, with the value jumping 89% to $6.28 billion, General Administration of Customs data released Jan. 20 showed. Imports from the US had averaged 127,147 b/d in 2019. Hefty impor....
Hellenic Shipping Freight News
Published 3y-10mo-3d-18h-37m ago
Pakistan LNG is seeking two liquefied natural gas LNG cargoes for delivery in February, after at least one supplier was unable to deliver a scheduled cargo, two industry sources told Reuters. Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking the carg....
Hellenic Shipping Freight News
Published 3y-10mo-3d-22h-37m ago
Ukrainian grain traders said they saw no grounds to restrict corn exports for the 2020/21 season, a move requested by animal feed and meat producers to avoid higher feed prices. Ukraine’s economy ministry and agricultural unions will decide on Jan. 25 whether to limit corn exports for the 2020/21 ....
Hellenic Shipping Freight News
Published 3y-10mo-3d-22h-37m ago
China amp 8217 s gasoline exports dropped 2.3% in 2020 from a year ago, reaching a two year low, as fuel demand plummeted globally after governments imposed travel restrictions to contain the spread of the coronavirus pandemic. Exports of gasoline from China, the world amp 8217 s second largest oi....
Hellenic Shipping Freight News
Published 3y-10mo-4d-6h-36m ago
Asia is estimated to receive about 2 million tonnes of naphtha each in January and February from Europe, the Mediterranean and the United States, according to several trade sources and Refinitiv Oil Research. That would be an increase in the arbitrage flows to Asia from December, which were about 1.....
Hellenic Shipping Freight News
Published 3y-10mo-4d-6h-37m ago
German crude oil imports for the first 11 months of 2020 were down 2.8% year on year after the COVID 19 pandemic and related lockdowns hit industrial activity, official data showed. Oil volumes reaching Germany totalled 76.4 million tonnes for the January November period, down from 78.6 million for ....
Hellenic Shipping Freight News
Published 3y-10mo-4d-18h-37m ago
Fixture volumes for naphtha cargoes from the US Gulf Coast bound to Asia have hit a nine month of 560,000 mt for January loading, a surge of almost 150% from the December loading program, data from market sources and S amp 38 P Global Platts trade flow software cFlow showed Jan. 19. Robust naphtha ....
Hellenic Shipping Freight News
Published 3y-10mo-4d-18h-37m ago
Ukraine amp 8217 s grain exports have fallen 18.6% to 27.57 million tonnes this season, which runs from July 2020 to June 2021, economy ministry data showed. Traders sold 12.75 million tonnes of wheat, 10.52 million tonnes of corn and 3.89 million tonnes of barley, the data showed. Ukraine accounts....
Hellenic Shipping Freight News
Published 3y-10mo-4d-18h-37m ago
Commonwealth LNG launched a liquefied natural gas LNG tender for its proposed Louisiana liquefaction plant, hoping to accelerate an investment decision on the project by reducing its uncertainty for potential customers and investors. The plant is among a dozen stalled last year as the drop in ener....
Hellenic Shipping Freight News
Published 3y-10mo-4d-22h-36m ago
Algeria amp 8217 s state grains agency OAIC has set the shipment period for main supplier countries for its wheat tender as Feb. 14 to Feb. 28, European traders said on Tuesday. If sourced from South America or Australia, shipment is between Feb. 1 and Feb. 15, they said. The tender sought a nomina....
Hellenic Shipping Freight News
Published 3y-10mo-4d-22h-36m ago
Bangladesh will step up wheat purchases from Ukraine to make up for any shortfall in supplies from Russia which has announced plans to impose a higher export tax on the grain from March 1, a senior Dhaka based government official told Reuters. Russia’s economy minister announced the plans on Frida....
Hellenic Shipping Freight News
Published 3y-10mo-5d-2h-37m ago
South Korean imports of US crude oil tumbled 67.9% year on year in December 2020, marking the biggest decline since the country began North American crude purchases in 2015, according to data from the Korea Customs Service released Jan. 15. Local refiners imported 583,162 mt, or 4.27 million barrels....
Hellenic Shipping Freight News
Published 3y-10mo-5d-2h-37m ago
The first export cargo of Nigeria amp 8217 s newest crude grade Anyala is on its way to Northwest Europe, trading and shipping sources said on Jan. 18. The Aframax Minerva Clara loaded a 700,000 barrel stem of Anyala crude from the Abigail Joseph floating production, storage and offloading vessel o....
Hellenic Shipping Freight News
Published 3y-10mo-5d-6h-37m ago
The import volume requirement for feed wheat and corn in the Philippines is pegged at 1.5 and 4 million mt respectively for 2021, according to a memo released by the Department of Agriculture seen by S amp 38 P Global Platts late week ending Jan 15. The total corn demand for feeding purposes is est....
Hellenic Shipping Freight News
Published 3y-10mo-5d-22h-36m ago
Syria said on Sunday it would import more crude oil to cover fuel shortages it blames on Western sanctions that disrupted regular Iranian oil shipments that had for years compensated for the country’s loss of domestic oil production as a result of conflict. The sanction hit country has over the pa....
Hellenic Shipping Freight News
Published 3y-10mo-5d-22h-36m ago
Faltering LNG stocks will likely prompt Japanese power utilities to actively chase for oil in a desperate attempt to keep up with robust domestic winter electricity demand, though local refiners struggling to produce enough burning fuels could lead to a surge in the country amp 8217 s prompt heavy ....
Hellenic Shipping Freight News
Published 3y-10mo-6d-6h-36m ago
China amp 8217 s natural gas companies have backed off from purchasing high priced spot LNG for February deliveries as they are unable to sell downstream at high prices, and after the government cracked down on domestic price surges in recent weeks. This is despite energy shortages in northern Chin....
Hellenic Shipping Freight News
Published 3y-10mo-6d-18h-36m ago
Britain amp 8217 s wheat imports rose in November and are running at more than double last season amp 8217 s pace, customs data showed on Friday. Wheat imports for the month totalled 208,263 tonnes, up from 174,914 tonnes in October. Germany was the largest supplier in November, shipping 79,565 to....
Hellenic Shipping Freight News
Published 3y-10mo-6d-18h-37m ago
Kenya is expected to continue its dependence on wheat imports as the demand for the cereal is increasing at a rate faster as compared to domestic production, an industry official said on Friday. Anthony Kioko, CEO of the Cereal Growers Association CGA , told Xinhua in Nairobi that the east African ....
Hellenic Shipping Freight News
Published 3y-10mo-6d-18h-37m ago
South Korea amp 8217 s ferrous scrap import volumes amounted to 4.39 million mt in 2020, performing 32.4% lower year on year and the lowest annual volume in more than 25 years, according to Korean customs data. Japan remained the top supplier to the country, at 2.95 million mt, but down 26.6% from ....
Hellenic Shipping Freight News
Published 3y-10mo-6d-22h-36m ago
US net export sales of corn for the 2020 21 marketing year September August totaled 1.438 million mt in the week ended Jan. 7, up 92% from the 748,910 mt in the previous week, according to Department of Agriculture data released Jan 14. The net export sales for the 2020 21 marketing year were up 3....
Hellenic Shipping Freight News
Published 3y-10mo-1w-1d-18h-36m ago
Loadings of Nigeria amp 8217 s key export grade Forcados are on force majeure due to the shutdown of the Trans Forcados pipeline, terminal operator Shell said late Jan. 14. The force majeure took effect from 1000 local time 0900 GMT on Jan. 14, a Shell spokesperson said. A representative at Herit....
Hellenic Shipping Freight News
Published 3y-10mo-1w-1d-18h-37m ago
EMESA, the state owned energy company of the Argentinian province of Mendoza, said Jan. 14 that it has signed a deal to build a storage and distribution center to export heavy crude to Chile, which will be a new market for the company. EMESA will build the facility in Malargue, a city in the Andes f....
Hellenic Shipping Freight News
Published 3y-10mo-1w-1d-18h-37m ago
Iran has exported 5.6 million tons of steel valued at $2.179 billion during the first nine months of the current Iranian calendar year March 20 December 20, 2020 , according to the data released by the Islamic Republic of Iran Customs Administration IRICA . The IRICA data put the country’s month....
Hellenic Shipping Freight News
Published 3y-10mo-1w-1d-18h-37m ago
Germany’s imports of hard coal in 2021 could drop 18.6% year on year to 26.7 million tonnes, lobby group VDKi forecast on Friday, citing lower usage by steelmakers in the COVID 19 crisis and price competition with gas and renewables in power generation. The coal importers group also published prel....
Hellenic Shipping Freight News
Published 3y-10mo-1w-1d-22h-36m ago
India amp 8217 s soymeal exports could more than double in 2020/21 after a rally in global prices to their highest in 6 1/2 years made shipments from the south Asian country lucrative for European and Asian buyers, four industry officials told Reuters. Higher exports from India could trim shipments....
Hellenic Shipping Freight News
Published 3y-10mo-1w-1d-22h-36m ago
Russia may raise its wheat export tax to 50 euros $60.68 per tonne beginning March 1 from the 25 euro per tonne tax set for Feb. 15 to March 1, a Russian union of grain exporters said on social media on Friday. According to the union, a non government lobby group of Russian grain exporters, a Russ....
Hellenic Shipping Freight News
Published 3y-10mo-1w-1d-22h-37m ago
Brazilian jet fuel importers are sourcing barrels from Europe in an irregular move following a particularly barren year for demand amid the coronavirus pandemic, sources said the week starting Jan. 10. One 40,000 mt jet fuel cargo from NWE was seen headed toward Brazil, a voyage multiple European so....
Hellenic Shipping Freight News
Published 3y-10mo-1w-2d-6h-37m ago
Russia is considering imposing a barley and corn export tax of 10 euros $12 per tonne and 25 euros per tonne, respectively, two sources familiar with discussions at the government told Reuters. Russia is trying to stabilise domestic food prices with a grain export quota, a wheat export tax and a s....
Hellenic Shipping Freight News
Published 3y-10mo-1w-2d-6h-37m ago
Japan’s Kyushu Electric Power is buying the remainder of cargoes of liquefied natural gas LNG left after tankers discharge the fuel at ports around Asia as it scrambles for supplies to fuel power stations as electricity demand surges. The unusual move by Kyushu Electric underscores the power cru....
Hellenic Shipping Freight News
Published 3y-10mo-1w-2d-6h-37m ago
China amp 8217 s crude imports fell to a 27 month low of 9.096 million b/d or 38.47 million mt in December, but total imports over 2020 were up 7% year on year at 10.86 million b/d, General Administration of Customs data released Jan. 14 showed. The last time monthly imports were lower was in Septe....
Hellenic Shipping Freight News
Published 3y-10mo-1w-2d-18h-36m ago
US crude exports over the week ended on Jan. 8 fell by 621,000 b/d from the week prior to 3.01 million b/d, a four week low, according to data from the US Energy Information Administration. The four week moving average for weekly US crude exports rose nearly 100,000 b/d on the week to 3.34 million b....
Hellenic Shipping Freight News
Published 3y-10mo-1w-2d-18h-37m ago
Jordan amp 8217 s state grains buyer purchased 60,000 tonnes of hard milling wheat to be sourced from optional origins in a tender which closed on Wednesday, traders said. It was bought from trading house Cerealcom Dolj at $269.20 a tonne c amp 038 f for shipment in the first half August 2021, the....
Hellenic Shipping Freight News
Published 3y-10mo-1w-2d-18h-37m ago
Indian Oil Corp has cancelled its tender to import liquefied natural gas LNG for delivery in mid February due to higher prices, two trade sources familiar with the matter said. One the of sources said offers were made at current spot rate of about $30/million British thermal units, which is amp ....
Hellenic Shipping Freight News
Published 3y-10mo-1w-2d-22h-36m ago
China amp 8217 s move to allow ferrous scrap imports to restart in January is likely to have a limited impact on domestic steelmaking costs, constrained by the lack of scrap available globally to import, market sources said Jan. 13. While the more optimistic sources said scrap imports could reach 1....
Hellenic Shipping Freight News
Published 3y-10mo-1w-3d-2h-36m ago
Soft wheat exports from the European Union in the 2020/21 season that started last July had reached 13.61 million tonnes by Jan. 10, data published by the European Commission showed. The bloc had reported soft wheat exports of 16.04 million tonnes by the same week last season, the data showed. Howev....
Hellenic Shipping Freight News
Published 3y-10mo-1w-3d-6h-37m ago
Egypt will get funding of $1.1 billion from the International Islamic Trade Finance Corporation ITFC to finance imports of petroleum and staple products in 2021, Egypt’s petroleum ministry said on Wednesday. The funds are part of a $3 billion agreement between Egypt and ITFC signed in January 20....
Hellenic Shipping Freight News
Published 3y-10mo-1w-3d-18h-36m ago
Ukraine has been unable to meet robust demand for gas exports to Poland over the past several days due to existing capacity limitations, Serhiy Makohon, head of gas grid operator GTSOU, said Jan. 12. The current export capacity from Ukraine to Poland is some 12.9 million cu m/d, but traders amp 821....
Hellenic Shipping Freight News
Published 3y-10mo-1w-3d-18h-37m ago
CPC Blend oil exports from Black Sea’s Yuzhanaya Ozereyevka terminal were set at 4.55 million tonnes in February compared with 4.87 million tonnes planned for loading in January, the preliminary loading plan showed. On a daily basis, loadings will rise by 3.4% in February versus January as the nex....
Hellenic Shipping Freight News
Published 3y-10mo-1w-3d-22h-36m ago
Egypt amp 8217 s state grain buyer GASC said on Tuesday it has cancelled an international tender to buy wheat with no purchase made. GASC did not give further details. Traders said they believed an unusually low number of only four trading houses participated in the tender with Romanian wheat offer....
Hellenic Shipping Freight News
Published 3y-10mo-1w-3d-22h-36m ago
Thailand is unlikely to remember the international rice market in 2020 favorably, especially for exporters specializing in standard long grain white and parboiled rice. According to the US Department of Agriculture, Thai 2020 milled rice exports – excluding Fragrant rice – totaled 4.2 million ....
Hellenic Shipping Freight News
Published 3y-10mo-1w-4d-2h-36m ago
The scarcity of on the water LNG cargoes heading to Asia and a constriction in supply for loading in late January meant that buyers of prompt deliveries have been left with a dearth of options during the week of Jan. 12, according to industry participants and vessel tracking data. This comes even as....
Hellenic Shipping Freight News
Published 3y-10mo-1w-4d-6h-36m ago
Bangladesh amp 8217 s state grains buyer has issued another international tender to purchase 50,000 tonnes of milling wheat, traders said on Monday. The deadline for submission of price offers is Jan. 25, they said. Bangladesh has issued a series of wheat tenders in past weeks. A previous tender fr....
Hellenic Shipping Freight News
Published 3y-10mo-1w-4d-18h-37m ago
A Syrian state grains agency has issued an international tender to purchase 200,000 tonnes of soft wheat for milling, European traders said on Monday. The deadline for submission of price offers in the tender from Syria amp 8217 s General Establishment for Cereal Processing, Storage and Trade Hobo....
Hellenic Shipping Freight News
Published 3y-10mo-1w-4d-18h-37m ago
Turkey amp 8217 s state grain board TMO has issued an international tender to purchase a total of about 400,000 tonnes of milling wheat, traders said on Monday. The tender closes on Jan. 19, they said. Shipment is requested in 2021 between Jan. 26 and Feb. 25. Source: Reuters Reporting by Michael ....
Hellenic Shipping Freight News
Published 3y-10mo-1w-4d-22h-36m ago
Argentine farmers may lift the strike they started at midnight as they evaluate a policy announced on Monday that places a temporary 30,000 tonne daily cap on export sales. The new policy replaces the government amp 8217 s previous plan to suspend international corn shipments from the world amp 82....
Hellenic Shipping Freight News
Published 3y-10mo-1w-5d-2h-36m ago
Indonesia, the world’s biggest palm oil producer, will increase its refined palm oil exports after raising taxes, leaving Malaysia to become more competitive in crude palm oil CPO exports, a leading industry analyst said. The reordering of palm oil trading follows Indonesia’s decision last mon....
Hellenic Shipping Freight News
Published 3y-10mo-1w-5d-2h-36m ago
European market participants anticipate that a recent temporary reduction in Turkish rice import tariffs is likely to increase Japonica sales from the continent. The Turkish Grain Board, or TMO, confirmed to S amp 38 P Global Platts that the import tariffs on paddy, brown and milled rice have been ....
Hellenic Shipping Freight News
Published 3y-10mo-1w-5d-2h-36m ago
Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000 tonne daily cap on sales abroad, its agriculture ministry said, backing off the more restrictive measure that had infuriated farmers in the South American grains powerhouse. The world....
Hellenic Shipping Freight News
Published 3y-10mo-1w-5d-6h-36m ago
US LNG export terminals were operating near capacity Jan. 11 as the spot price for deliveries to Northeast Asia approached a staggering $30/MMBtu amid ongoing supply constraints and strong winter demand. The benchmark S amp 38 P Global Platts JKM has soared to a record high from a record low in les....
Hellenic Shipping Freight News
Published 3y-10mo-1w-5d-6h-36m ago
China sold 2,099,199 tonnes of wheat, or 52.16 % of the total offer at an auction of state reserves last week, the National Grain Trade Center said in a statement on Monday. The average selling price was 2,365 yuan $358.35 a tonne, the trade centre said. Sales volumes at the auctions, which had de....
Hellenic Shipping Freight News
Published 3y-10mo-1w-5d-6h-36m ago
India amp 8217 s soybean meal soybean khali exports rose nearly three times to 2.68 lakh tonnes during December last year on higher demand in the global market, SOPA said on Monday. In December 2019, soybean meal exports stood at 90,000 tonnes, as per data released by Indore based Soybean Process....
Hellenic Shipping Freight News
Published 3y-10mo-1w-5d-18h-37m ago
Japan imported its first cargo of liquefied natural gas LNG from China in July as utilities from the world’s biggest buyer of the fuel seek out new suppliers and try to lower costs amid tough competition at home. The shipment illustrates the increasing flexibility of the Asian LNG market. China ....
Hellenic Shipping Freight News
Published 3y-10mo-1w-6d-6h-36m ago
Seven North Sea crude cargoes were bought and sold in the trading window operated by Platts on Thursday, a record amount that trade sources say may reflect tighter supply after Saudi Arabia amp 8217 s surprise output cut. An oil trading source and an official at Platts, the price assessment agency,....
Hellenic Shipping Freight News
Published 3y-10mo-1w-6d-18h-37m ago
An outage at Japan amp 8217 s refinery in Hokkaido could significantly increase the country amp 8217 s reliance on South Korean kerosene supply, as the unexpected loss of the refining capacity could endanger its heating fuel stock levels amid lower than average temperatures nationwide. Japan amp ....
Hellenic Shipping Freight News
Published 3y-10mo-1w-6d-18h-37m ago
Turkish export rebar prices are expected to remain elevated in the near term, with Turkey amp 8217 s main export markets to determine future demand amid expectations of strong scrap prices over the first quarter of 2021. S amp 38 P Global Platts assessed Turkish export rebar at $640/mt FOB on Jan.....
Hellenic Shipping Freight News
Published 3y-10mo-1w-6d-18h-37m ago
Iranian steelmakers exported more than 5.6 million tons of steel ingots during the nine months of the current Iranian year Mar. 20 Dec. 20, 2020 , Iran Daily newspaper reported on Saturday. Quoting the data released by the Islamic Republic of Iran Customs Administration IRICA , it said that the wo....
Hellenic Shipping Freight News
Published 3y-10mo-1w-6d-18h-37m ago
Methanol imports into the US jumped almost 79% month on month in November 2020, data from the US International Trade Commission showed. The US imported 69,828 gallons of methanol in November compared with 39,030 gallons reported during October, according to ITC data. Talks of at least two major plan....
Hellenic Shipping Freight News
Published 3y-10mo-1w-6d-22h-36m ago
Taiwan’s state owned CPC Corp began on Sunday receiving liquefied natural gas LNG cargoes from Cheniere Energy Inc under a 25 year deal signed with the U.S. company in 2018, and will get around 30 shipments annually. CPC said the vessel carrying the LNG, from Cheniere’s Corpus Christi, Texas, ....
Hellenic Shipping Freight News
Published 3y-10mo-1w-6d-22h-36m ago
The government will continue to float tenders to import liquefied natural gas LNG from spot market despite non submission of amp 8216 suitable amp 8217 offers from bidders over the past several months. amp 8220 We amp 8217 ll continue our effort to seek better LNG prices from international ....
Hellenic Shipping Freight News
Published 3y-10mo-1w-6d-22h-36m ago
Brazilian ethanol imports in 2020 added 1 billion liters, down 21%, with the major fall seen in the North and Northeast regions, where total imports reached 384 million liters, a plunge of 61% on the year, data released by the Secretariat of Foreign Trade, SECEX, on Jan. 7 showed. While the cumulati....
Hellenic Shipping Freight News
Published 3y-10mo-2w-1d-18h-36m ago
French soft wheat shipments outside the European Union in December fell from a season amp 8217 s high the previous month as exports to China eased, an initial estimate based on Refinitiv data showed. Soft wheat exports to destinations outside the EU totalled 797,000 tonnes in December, the sixth mo....
Hellenic Shipping Freight News
Published 3y-10mo-2w-1d-18h-37m ago
The Indonesian Palm Oil Association GAPKI said it would ask the government to reformulate its biodiesel blending rates or revise the export levy if palm oil prices maintain their meteoric rise. Malaysia’s benchmark crude palm oil prices started the year at near 10 year highs, trading at around 3....
Hellenic Shipping Freight News
Published 3y-10mo-2w-1d-18h-37m ago
Steel fabricators in Chile are in danger of running out of steel after a bureaucratic mix up clogged one of the country amp 8217 s main ports, an industry body said Jan. 7. According to metallurgical industry association ASIMET, around 100,000 mt of goods are stuck on two vessels moored off the Por....
Hellenic Shipping Freight News
Published 3y-10mo-2w-1d-22h-36m ago
The long awaited Southern Gas Corridor SGC project officially began operating on the last day of 2020, as Azerbaijani oil and gas company SOCAR reported the first commercial gas delivery from the Azeri Shah Deniz offshore field to Italy’s Melendugno point on the Adriatic coast. The 3500 km long ....
Hellenic Shipping Freight News
Published 3y-10mo-2w-2d-6h-36m ago
The European Union will impose tariffs from Friday on hot rolled iron and steel products from Turkey based on an ongoing investigation into dumping. The duties will range from 4.8% to 7.6% and affect Turkish companies Erdemir, Isdemir, Colakoglu Metalurji and Habas, according to the text of the EU o....
Hellenic Shipping Freight News
Published 3y-10mo-2w-2d-18h-37m ago
U.S. crude oil imports and exports both increased during the week ending Jan. 1, the U.S. Energy Information Administration EIA said on Wednesday. U.S. crude oil imports averaged 5.4 million barrels per day b/d last week, up by about 43,000 b/d from the previous week, while crude oil exports ave....
Hellenic Shipping Freight News
Published 3y-10mo-2w-2d-22h-36m ago
Argentina plans to boost natural gas exports to Brazil by up to 20 million cubic meters/day, Energy Secretary Daniel Martinez said late Jan. 4. The move is seen as key for fueling production growth from the giant Vaca Muerta shale play. amp 8220 Argentinian producers are going to analyze the Brazi....
Hellenic Shipping Freight News
Published 3y-10mo-2w-3d-2h-36m ago
Despite rig counts in the Bakken Shale remaining low due to a pullback last spring by operators, natural gas production in the North Dakota play averaged an all time time high last month and is slated to grow even more in early 2021 as new processing capacity comes online. This may lead to greater B....
Hellenic Shipping Freight News
Published 3y-10mo-2w-3d-2h-36m ago
Qatar Petroleum announced acceptances of February loading term LPG cargo in line with lifters amp 8217 nominations without cuts, delays, advanced loadings, or changes to tolerance volumes, traders said. These come as demand in North Asia was supported by a cold winter that is expected to last thro....
Hellenic Shipping Freight News
Published 3y-10mo-2w-3d-2h-36m ago
Japan amp 8217 s second largest refiner Idemitsu Kosan said that it does not see an immediate impact on its crude oil procurement from Saudi Arabia for the February and March loading programs, following the kingdom amp 8217 s announcement Jan. 5 of an additional output cut of 1 million b/d. amp ....
Hellenic Shipping Freight News
Published 3y-10mo-2w-3d-6h-36m ago
The Ethiopian government has cancelled deals to purchase about 600,000 tonnes of wheat agreed in international tenders in November 2020, an Ethiopian state agency said on Tuesday. amp 8220 The bid to purchase 600,000 tonnes of wheat is cancelled because the companies failed to provide a performanc....
Hellenic Shipping Freight News
Published 3y-10mo-2w-3d-18h-36m ago
Coal exports out of the terminals in the Hampton Roads region in Virginia climbed to 2.28 million st in November, up 16.7% from October, but 17.4% below the year ago month, according to data the Virginia Maritime Association released Jan. 5. The 2.28 million st was the third lowest total for the cor....
Hellenic Shipping Freight News
Published 3y-10mo-2w-3d-22h-37m ago
US crude oil export flows that managed to stay afloat for much of 2020 are expected to sink in 2021 as decreased US output and recovering domestic refinery runs will mean fewer barrels to export. Production is expected to average only 10.44 million b/d in 2021 but will gradually recover to pre COVID....
Hellenic Shipping Freight News
Published 3y-10mo-2w-4d-18h-36m ago
Honduran coffee exports dropped 17.2% in December from a year earlier after demand on the world market fell amid closures of economies in an attempt to curb the spread of the novel coronavirus, an industry executive said on Monday. Central America’s top coffee producer and exporter reported shipme....
Hellenic Shipping Freight News
Published 3y-10mo-2w-4d-18h-37m ago
Brazil based natural gas company Gas Natural Açu GNA has received its first imported liquefied natural gas LNG cargo in Açu port, in Rio de Janeiro, the company said in a statement. GNA amp 8211 a BP PLC, Siemens and Prumo Logistica backed company amp 8211 has received the LNG cargo from....
Hellenic Shipping Freight News
Published 3y-10mo-2w-4d-22h-36m ago
Announcements over the new year about the first deals done for ferrous scrap imports into China in nearly 20 months were deemed largely symbolic and likely to be one offs by market participants Jan. 4, who said current market economics do not make the imports viable. Ouyeel, a ferrous scrap trading ....
Hellenic Shipping Freight News
Published 3y-10mo-2w-5d-2h-37m ago
Chinese refiners may no longer stress over meeting their oil product export targets in 2021 as Beijing has granted fuel producers more flexibility and freedom to manage their output and sales after increasing the companies amp 8217 export quotas for 2021 despite lackluster overseas sales performan....
Hellenic Shipping Freight News
Published 3y-10mo-2w-5d-6h-36m ago
Russian natural gas transported to China via the Power of Siberia pipeline touched 28.8 million cubic meters per day, as of Jan. 3, in order to feed homes and factories as northern China faces frigid weather conditions, national oil and gas pipeline giant PipeChina said. This will put on track an an....
Hellenic Shipping Freight News
Published 3y-10mo-2w-5d-6h-36m ago
Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day bpd in 2020, according to Refinitiv Eikon data and internal documents from state run PDVSA, financially squeezing socialist President Nicolas Maduro. The administration of U.S. President Donald Trump a....
Hellenic Shipping Freight News
Published 3y-10mo-2w-5d-18h-37m ago
Bulgaria has begun gas imports from Azerbaijan via the Southern Gas Corridor as planned, providing Sofia with a diversified source of supply and reducing its dependence on Russian imports. Deliveries began late on Dec. 31 as supplies via the TAP line to Italy also started. amp 8220 We have a new l....
Hellenic Shipping Freight News
Published 3y-10mo-2w-5d-18h-37m ago
Russian deputy prime minister Alexander Novak said Jan. 4 that export of Belarusian oil products via Russian may begin in 2021. amp 8220 I think 2021 is a very realistic timeframe for deliveries to begin, amp 8221 Novak said in an interview aired on Russian business channel RBC. In September Nov....
Hellenic Shipping Freight News
Published 3y-10mo-2w-5d-18h-37m ago
Iran amp 8217 s parliament has lowered the government amp 8217 s oil export target from 2.3 million to 1.5 million to manage expectations, news agency ISNA reported Jan 2. The proposed budget had aimed to sell over 2 million b/d of crude both in domestic and international markets. However, the fig....
Hellenic Shipping Freight News
Published 3y-10mo-2w-5d-22h-36m ago
Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline TAP , the energy ministry said on Thursday, beginning its push into the lucrative energy market dominated by Russia. Russia controls 34% of Europe’s gas market and plans to raise gas exports to Europe....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-2h-36m ago
Iraq oil exports have amounted to 2.9 million barrels per day, with revenues of $4.2 billion, following the recent OPEC agreement, Alaa al Yasiri, the head of the state oil marketing company SOMO said in an interview with state news agency INA . The head of Iraq’s state oil marketing company, S....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-2h-36m ago
China amp 8217 s Ministry of Industry and Information Technology said that, the country amp 8217 s steel companies recorded a third straight monthly rise in exports during November, stimulated by recovering demand in foreign markets. According to the ministry, China amp 8217 s steel exports incre....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-6h-36m ago
China amp 8217 s monthly imports of liquefied natural gas LNG hit a record high of over 9 million tonnes in December, shiptracking data from Refinitiv Eikon showed on Thursday, overtaking Japan as the world amp 8217 s top importer for a second straight month. The country, whose gas demand was on....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-18h-36m ago
Russian gas exports by pipeline to customers outside the former Soviet Union reached 179.3 billion cubic metres bcm in 2020, Kremlin controlled gas giant Gazprom said on Saturday, down from 199.2 billion cubic metres reported for 2019. The data includes exports to China of 4.1 bcm via the Power of....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-18h-36m ago
South Korea amp 8217 s crude imports tumbled to the lowest level in more than seven years as refineries maintained low run rates due to faltering domestic fuel consumption in the aftermath of the coronavirus pandemic, showed latest data from state run Korea National Oil Corp., KNOC. The world amp ....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-18h-36m ago
Japan imported 19 million barrels of crude oil from the UAE during last November, according to data from the Energy and Natural Resources Agency of the Japanese Ministry of Economy, Trade and Industry. The Energy Agency stated that the proportion of oil imports from the UAE amounted to 27.5% of Japa....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-18h-36m ago
Starting from next year, China will allow the import of recycling iron and steel materials that meet the national standard since they do not constitute solid waste, authorities said. Strict requirements on import management of recycling iron and steel materials were stipulated, according to a notice....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-18h-37m ago
The palm oil imports increased by 29.40 percent during the first five months of the current fiscal year against the imports of the same period of last year. The palm oil imports during July November 2020 21 were recorded at $876.016 million against the imports of $676.977 million during July Novem....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-18h-37m ago
Iraq amp 8217 s Ministry of Oil said that Iraq exported 88.21 million barrels of crude oil in December 2020, bringing in revenues of more than 4.2 billion U.S. dollars. The average selling price for crude oil in the last month of 2020 was 47.76 dollars per barrel, according to a ministry statement ....
Hellenic Shipping Freight News
Published 3y-10mo-2w-6d-23h-36m ago
China has issued 5 million tonnes of clean marine fuel export quotas in the first release for 2021, to five companies including a private refiner, according to two trading sources with knowledge of the matter. The quotas for the very low sulfur fuel oil VLSFO were granted to state run Sinopec, CNP....
Hellenic Shipping Freight News
Published 3y-10mo-3w-2d-18h-36m ago
Prices of imported iron ore lumps in China have been persisting high on the solid demand from the remaining firm demand from the Chinese steelmakers towards the end of 2020, market sources shared on Thursday. “Steel mills in North and East China have been procuring iron ore lumps steadily recently....
Hellenic Shipping Freight News
Published 3y-10mo-3w-2d-18h-37m ago
Pakistan LNG is seeking two liquefied natural gas LNG cargoes for delivery in April, a tender document posted on the company website showed. The state run procurement agency is seeking the cargoes on a delivered ex ship DES basis at Port Qasim, Karachi, for delivery over April 5 to 6 and April 1....
Hellenic Shipping Freight News
Published 3y-10mo-3w-2d-18h-37m ago
Asian naphtha is set to begin 2021 on a bullish note, with the market firm on demand recovery from the successful restart of South Korean Lotte Chemical amp 8217 s Daesan steam cracker. Looking forward, fresh steam cracker capacity is expected to come online in the north Asian petrochemicals hub, w....
Hellenic Shipping Freight News
Published 3y-10mo-3w-3d-6h-36m ago
Japan amp 8217 s crude oil imports in November increased from October, with shipments from Qatar, Russia and Malaysia posting sharp gains as refiners favored middle distillate rich crude grades in an effort to boost kerosene output amid colder than average temperatures nationwide. November crude oi....
Hellenic Shipping Freight News
Published 3y-10mo-3w-3d-6h-36m ago
The US amp 8217 imposition of quota thresholds in place of a 10% tariff on P1020 aluminum imports from Canada is set to be reevaluated in 2021, but differing outcomes appear to be viable under President elect Joe Biden amp 8217 s incoming administration, according to industry participants. Alumin....
Hellenic Shipping Freight News
Published 3y-10mo-3w-3d-18h-36m ago
Russia amp 8217 s Urals oil loadings from Primorsk port were revised down by 0.2 million tonnes from a previous 2.9 million tonnes in January, three traders said. Small producers cancelled one cargo for loading from Primorsk on Jan. 25 26, they added. Earlier on Tuesday they said Gazprom Neft cance....
Hellenic Shipping Freight News
Published 3y-10mo-3w-3d-18h-36m ago
The Philippines is solidifying its status as the next major regional importer of gasoline, with the country amp 8217 s imports of gasoline slated to rise in 2021 on better oil products import infrastructure and lower domestic supply of refined products. The expectations come as the last domestic re....
Hellenic Shipping Freight News
Published 3y-10mo-3w-3d-18h-37m ago
Iraq’s cabinet approved renewing its contract to supply the Egyptian General Petroleum Corporation EGPC with 12 million barrels of Basra light crude for 2021, a cabinet statement said. Source: Reuters Reporting by Ahmed Rasheed, Writing by Nayera Abdallah Editing by Alison Williams
The post I....
Hellenic Shipping Freight News
Published 3y-10mo-3w-3d-22h-36m ago
The Taiwan Flour Millers amp 8217 Association purchased an estimated 82,325 tonnes of milling wheat to be sourced from the United States in a tender which closed on Wednesday, European traders said. The wheat was bought in two consignments comprising various wheat types for shipment from the US Pa....
Hellenic Shipping Freight News
Published 3y-10mo-3w-3d-22h-36m ago
SOCAR Trading UK Limited and ENOC Singapore have offered the lowest prices to supply two liquefied natural gas LNG cargoes to Pakistan LNG Limited PLL for delivery in February 2021, according to a tender document. SOCAR offered a cargo for delivery between Feb. 15 to 16 at a percentage of the ....
Hellenic Shipping Freight News
Published 3y-10mo-3w-4d-2h-36m ago
A new refrigerated storage tank now in service at a US Gulf Coast ethylene export terminal jointly owned by Enterprise Products Partners and British liquefied gas carrier Navigator will allow the facility to load vessels faster and achieve capacity of 1 million mt/year, the companies said Dec. 29. A....
Hellenic Shipping Freight News
Published 3y-10mo-3w-4d-2h-36m ago
Chicago soybean prices on Wednesday slid from a 6 1/2 year high hit in the previous session, as Argentine soy crushers signed a deal with oilseed workers to end a strike that had been pushing up prices. The most active soybean contract on the Chicago Board of Trade CBOT slid 0.2% to $12.93 3/4 a b....
Hellenic Shipping Freight News
Published 3y-10mo-3w-4d-2h-36m ago
The fundamentals behind the 2020 Asian corn price rally will continue to have momentum in 2021 as demand in key importing nations sustains trade flows, and China amp 8217 s appetite for stockpiling and pork continues to have an indelible impact on global trade. However, a return of diseases, like t....
Hellenic Shipping Freight News
Published 3y-10mo-3w-4d-6h-36m ago
At least in the oil sector, the global health emergency caused by coronavirus is coming to India amp 8217 s advantage. While the relatively lower global prices helped the government boost its revenues by increasing duty on auto fuels, the demand squeeze due to the pandemic and softer crude prices c....
Hellenic Shipping Freight News
Published 3y-10mo-3w-4d-18h-36m ago
Sinopec Corp pledged on Tuesday to maximise domestic gas productions and raise imports of liquefied natural gas LNG to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel. On Monday China’s central economic planner, the National Deve....
Hellenic Shipping Freight News
Published 3y-10mo-3w-4d-18h-37m ago
Iraq’s oil exports from its southern ports are stable at 2.7 million barrels per day bpd so far in December, Basra Oil Company chief Khalid Hamza told al Sabah state paper. Iraq is fully committed to the OPEC+ oil cut deal, the state paper cited Hamza as saying in a report on Tuesday. Source: Re....
Hellenic Shipping Freight News
Published 3y-10mo-3w-4d-18h-37m ago
Iran will resume normal gas flows to Iraq on Wednesday after reaching an agreement with Iraq on Tuesday over unpaid bills, a spokesman for Iraq amp 8217 s electricity ministry said. Iran amp 8217 s state gas company said on Monday it had slashed supplies to neighbouring Iraq over arrears of more t....
Hellenic Shipping Freight News
Published 3y-10mo-3w-4d-22h-36m ago
The outlook for gas markets in Canada in 2021 appears mostly positive as exports to the US increase and forecasts for a frigid winter look to draw down the nation amp 8217 s storage surplus while production is set to grow for the first time in three years. Strong injections all summer left Canada w....
Hellenic Shipping Freight News
Published 3y-10mo-3w-5d-2h-36m ago
Malaysia has imposed provisional duties on certain cold rolled stainless steel imports from Indonesia and Vietnam, pending the conclusion of an anti dumping investigation, its Ministry of International Trade and Industry said. A preliminary probe, conducted on behalf of the sole Malaysian producer o....
Hellenic Shipping Freight News
Published 3y-10mo-3w-5d-2h-36m ago
Iraq, OPEC amp 8217 s second largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to help reach that target, a deputy oil minister said Dec. 26 Iraq will construct 24 storage tanks with a capacity of ....
Hellenic Shipping Freight News
Published 3y-10mo-3w-5d-6h-37m ago
China has raised quotas for refined fuel export volumes by 5.4% year on year in its first batch of 2021 to seven firms, including a private refiner, according to a state run energy exchange amp 8217 s blog and one of the recipient companies. The country amp 8217 s quota for the first issue of 2021....
Hellenic Shipping Freight News
Published 3y-10mo-3w-5d-18h-36m ago
China has suspended imports of timber from Australia’s New South Wales and Western Australia after local customs offices found pests in cargoes from those states, the General Administration of Customs said. The ban, effective from Wednesday, came after China suspended timber shipments from some Au....
Hellenic Shipping Freight News
Published 3y-10mo-4w-2d-18h-36m ago
China amp 8217 s gasoline and gasoil exports took a break in November from the highs reported in October amid improving domestic demand, while jet fuel outflow inched higher as demand from international flights continue to recover, data released by the General Administration of Customs showed Dec. ....
Hellenic Shipping Freight News
Published 3y-10mo-4w-2d-18h-37m ago
India amp 8217 s crude oil imports fell at the slowest annual rate since the coronavirus pandemic forced lockdowns in the country in March as fuel demand slowly increased. Crude oil imports into the world amp 8217 s third biggest oil importer and consumer rose to 18.28 million tonnes last month, j....
Hellenic Shipping Freight News
Published 3y-11mo-6h-36m ago
Coal is a globally traded commodity, as China appears to be discovering, along with an unpleasant insight into the nimbleness and creativity of participants in the global markets. China’s ban on Australian coal is having a more visible effect on China than it is on the Australian coal exporters. T....
Hellenic Shipping Freight News
Published 3y-11mo-6h-36m ago
Indian refiners have stepped up oil products marketing efforts in Australia, and the South Asian fuel suppliers plan to raise their export market share in the country as Australia faces limitations in producing its own fuel following a series of refinery closures. Australia imported 1.43 million bar....
Hellenic Shipping Freight News
Published 3y-11mo-6h-36m ago
Italian utility Enel canceled an LNG cargo for February delivery from Cheniere Energy, which operates two liquefaction terminals and is the biggest exporter in the US, market sources said Dec. 21. Around five cargoes were heard to have been canceled across US LNG terminals for February delivery, sou....
Hellenic Shipping Freight News
Published 3y-11mo-1d-2h-36m ago
India’s November exports of finished steel fell 31.1% year on year, the third straight month of decline, as strong local demand left less material for overseas markets, provisional data from the Joint Plant Committee showed. “…the progressive unlocking of the economy and improving economic act....
Hellenic Shipping Freight News
Published 3y-11mo-1d-6h-37m ago
Saudi Arabia’s Red Sea crude terminals have taken on critical importance since tensions with Iran have threatened the key Gulf shipping lane through the Strait of Hormuz over the past few years. Serving those ports is Saudi Aramco’s 5 million b/d East West Pipeline, which was hit by a drone atta....
Hellenic Shipping Freight News
Published 3y-11mo-1d-6h-37m ago
The Solvent Extractors’ Association SEA of India has urged the Centre to include proper proviso in ASEAN agreement to restrict/regulate the imposition of export duty by the palm oil exporting country. SEA feels that this will ensure a level playing field for both the countries that export and im....
Hellenic Shipping Freight News
Published 3y-11mo-1d-18h-36m ago
China has issued the first batch of crude oil import quotas for non state companies at 122.59 million tonnes in 2021, two sources with knowledge of the matter said on Monday, up 18% from the first round for 2020. The increase follows the launch of new refining facilities such as the Zhejiang Petroch....
Hellenic Shipping Freight News
Published 3y-11mo-1d-18h-37m ago
Cyprus’ Natural Gas Public Company DEFA has completed the first phase tender process for securing the supply of Liquefied Natural Gas LNG for power generation. Nineteen interested suppliers were selected for the medium term supply of basic quantities with an “LNG Sales and Purchase Agreement....
Hellenic Shipping Freight News
Published 3y-11mo-1d-18h-37m ago
Iraq’s oil minister said on Monday that an agreement has been reached with Lebanon to start fuel export supplies to Beirut in 2021 using global prices, the oil ministry said in a statement. The announcement came after a meeting between Iraq’s Oil Minister Ihsan Abdul Jabbar and his Lebanese coun....
Hellenic Shipping Freight News
Published 3y-11mo-1d-18h-37m ago
China in recent years has been notoriously absent from global corn trade, particularly when compared with its consumption rates, in its efforts to bolster food security and maintain self sufficiency. However, Chinese corn prices surged this year as stockpiles dwindled, forcing the country to scoop u....
Hellenic Shipping Freight News
Published 3y-11mo-2d-6h-37m ago
Russia plans to sign long ter, deals for 20 25 years on oil supply to India, RIA news agency cited Russian envoy to the country as saying on Monday. Source: Reuters Reporting by Anton Kolodyazhnyy writing by Vladimir Soldatkin editing by Louise Heavens ....
Hellenic Shipping Freight News
Published 3y-11mo-2d-18h-36m ago
South Korea’s crude imports from the US nearly halved in November from a year earlier, while shipments from Saudi Arabia continued to rise as local refiners find their staple Middle Eastern oil to be the most reliable and economical feedstock option in times of market uncertainty. South Korean ref....
Hellenic Shipping Freight News
Published 3y-11mo-2d-18h-37m ago
Russia’s plans to significantly increase low sulphur diesel exports to Europe have been hit by sluggish demand amid the pandemic and the slow development of the country’s oil refineries, according to industry data and Reuters calculations. A pipeline called Sever North , a key route for Russian....
Hellenic Shipping Freight News
Published 3y-11mo-3d-18h-37m ago
The federal government has arranged 12 LNG cargoes for January 2021 to meet the demand of gas. One cargo that was scheduled for 30 December and was intended to supply for January 2021, has been moved a few days ago into January. In addition, volume has been increased in certain cargoes. With these r....
Hellenic Shipping Freight News
Published 3y-11mo-3d-18h-37m ago
Angola’s February allocations emerged with its state oil firm receiving two cargoes to offer on Friday. Indian Oil Corp awarded two tenders loading Jan. 29 to Feb. 7 and Feb. 13 22. Shell, Vitol and Chevron were the winners with Nigerian crude, traders said. IOC was said to have taken some non wes....
Hellenic Shipping Freight News
Published 3y-11mo-3d-22h-36m ago
Uzbekistan will cut natural gas exports, which mostly go to China, because of domestic energy shortages, the Central Asian country’s energy ministry said. President Shavkat Mirziyoyev ordered some export shipments to be diverted to domestic consumers late on Wednesday, and his office said the deci....
Hellenic Shipping Freight News
Published 3y-11mo-5d-18h-36m ago
US net export sales of corn for the 2020 21 marketing year September August totaled 1.924 million mt in the week ended Dec. 10, up 41% from the 1.362 million mt in the previous week, according to Department of Agriculture data released Dec 17. The total for the 2020 21 marketing year was up 5% fro....
Hellenic Shipping Freight News
Published 3y-11mo-5d-18h-37m ago
Saudi Arabia’s crude oil exports rose for the fourth straight month to 6.16 million barrels per day bpd in October from 6.07 million bpd in September, official data showed. The world’s largest oil exporter’s total crude and oil products exports rose again month on month by 281,000 bpd to 7.3....
Hellenic Shipping Freight News
Published 3y-11mo-5d-18h-37m ago
Tunisia’s state grains agency has purchased soft wheat, durum and animal feed barley in an international tender that closed on Wednesday, European traders said. Tonnage bought was initially unclear. The purchase was thought to be close to the sought volume of 117,000 tonnes of soft wheat, 100,000 ....
Hellenic Shipping Freight News
Published 3y-11mo-6d-18h-36m ago
Turkey has lowered the tariffs on some grain imports, including wheat and barley, to zero until April 30, 2021, the country’s Official Gazette showed on Thursday. The tariff previously stood at 20%. President Tayyip Erdogan approved the measure, which requires the imported materials to be used for....
Hellenic Shipping Freight News
Published 3y-11mo-6d-18h-37m ago
