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  • info lily-shipping
    Dear Sir Good day, We have the honor to welcome shipping companies, shipping agents, Ship management companies, Recruiting agents, honorable personality and related concerns to recruit Bangladeshi seafarers. Lily Shipping Limited day by day is emerging as a giant in the country’s maritime market providing world standard seafarers for the safe and secure operation of a wide range of ships worldwide. Bangladeshi seafarers are of relatively high standards in proficiency, hardworking and able to understand various languages up to the required standards. They are well behaved, obedient, trustworthy, nonalcoholic and possess a high moral courage. They are content with reasonable wages. Crew Manning All types of crew sourcing and recruitments. Crew Welfare Our Company is quite aware about the welfare of its crews. We have the required knowledge and experience about the maritime labor laws, Maritime labor Convention MLC 2006 and international labor law (ILO) as well. We concentrate not only on the welfare of the crew members but also their family prospects and necessities. We stay close and connected with the government semen and labor welfare directorate to ensure their rights and necessities. Your kind Co-Operation will be Highly Appreciated. Thanks
    2021-06-29 09:03:17
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    Hi Sabashipping this is new user enquiry for my good vessel
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    hello agent
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    hi
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    Hi this enquiry is for Saba Shipping
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    Hi this enquiry is for Saba Shipping
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    test
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    hello sir
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Recent News

Hellenicshippingnews

Japan seeks 27,320 tonnes of food wheat via tenders

Japan amp 8217 s Ministry of Agriculture, Forestry and Fisheries MAFF is seeking to buy a total of 27,320 tonnes of food quality wheat from Australia in regular tenders that will close on Thursday. Japan, the world amp 8217 s sixth biggest wheat importer, keeps a tight grip on imports of the cou....

Hellenic Shipping Freight News Published 2y-8mo-1d-12h-57m ago
Hellenicshippingnews

China imports 13% less crude oil from Saudi in March, 14% less from Russia -customs

Saudi Arabia exported nearly 13% less oil to China in March than a year earlier but retained its top supplier spot, while shipments from second ranking Russia slipped 14%, Reuters amp 8217 calculations based on Chinese customs data showed. Saudi crude arrivals totalled 6.858 million tonnes last mo....

Hellenic Shipping Freight News Published 2y-8mo-1d-12h-57m ago
Hellenicshippingnews

U.S. refiners receiving last Russian oil cargoes before wind-down

Nine tankers carrying Russian origin crude and fuel oil have discharged in the United States in April, likely the last ones to deliver before a wind down set by Washington expires this week, customs and tanker tracking data showed. The United States last month set an April 22 ban on imports of Russi....

Hellenic Shipping Freight News Published 2y-8mo-1d-12h-57m ago
Hellenicshippingnews

India: Stage set for resumption of ore exports from Karnataka

Iron ore exports from Karnataka may resume after several years as the two key agencies that have long opposed the shipments citing rising demand for the key input for steel from domestic manufacturers have relented. As the Union steel ministry, in an affidavit to the Supreme Court, supported lifting....

Hellenic Shipping Freight News Published 2y-8mo-1d-12h-58m ago
Hellenicshippingnews

Liquefied natural gas exports continue to lead growth in U.S. natural gas exports

Since the United States began exporting more natural gas than it imports on an annual basis in 2017, natural gas exports both by pipeline and as liquefied natural gas LNG have grown significantly. In our Short Term Energy Outlook STEO , we forecast that LNG exports will continue to lead the growt....

Hellenic Shipping Freight News Published 2y-8mo-1d-12h-58m ago
Hellenicshippingnews

Russia’s Gazprom says it continues gas exports to Europe via Ukraine

Russian gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Wednesday in line with requests from European consumers, it said. Requests stood at 56 million cubic metres for April 20, the company said, up from 54.8 million cubic metres for April 19. Source: Reuters Reporting....

Hellenic Shipping Freight News Published 2y-8mo-1d-12h-58m ago
Hellenicshippingnews

Japan March crude import volume up 5.4 pct

Japan amp 8217 s customs cleared crude oil imports rose 5.4 per cent in March from the same month a year earlier, the Ministry of Finance said on Wednesday. Japan, the world amp 8217 s fourth biggest crude buyer, imported 2.62 million barrels per day 12.934 million kilolitres of crude oil last m....

Hellenic Shipping Freight News Published 2y-8mo-1d-16h-57m ago
Hellenicshippingnews

Venezuela’s PDVSA readies diesel cargo to Cuba after 7-month pause -document

Venezuela amp 8217 s PDVSA is preparing to ship a 190,000 barrel cargo of diesel to Cuba, a document from the state run oil firm showed, a move to help its closest political ally stave off fuel shortages and prevent summer electricity blackouts. The Communist ruled island, which depends on imports ....

Hellenic Shipping Freight News Published 2y-8mo-1d-20h-57m ago
Hellenicshippingnews

India, Iran likely to hold talks on resuming oil exports

India and Iran may soon begin exploratory talks on the resumption of bilateral trade in items such as crude oil and fertilisers, Indian media have reported. India and Iran may soon begin exploratory talks on the resumption of bilateral trade in items such as crude oil and fertilisers that have faced....

Hellenic Shipping Freight News Published 2y-8mo-1d-20h-57m ago
Hellenicshippingnews

Tunisia’s grain purchases in coming period of 2022 will be 1.185 mln tons

Tunisia amp 8217 s grain purchases in the coming period of 2022 will be 1.185 million tons, bringing its total required grain imports in the whole of the year to 2.680 million tons, a document seen by Reuters showed. Tunisia amp 8217 s purchases during the next period of the year include 600,000 t....

Hellenic Shipping Freight News Published 2y-8mo-1d-20h-57m ago
Hellenicshippingnews

OPEC share of India’s oil imports steadies after six-year slump

OPEC amp 8217 s share of India amp 8217 s oil imports for the 2021/22 financial year remained almost flat year on year, arresting sharp declines over the the past six years, as refiners snapped up short haul crude from the middle east to counter rising global prices. Total crude imports by the wor....

Hellenic Shipping Freight News Published 2y-8mo-2d-57m ago
Hellenicshippingnews

Asia more concerned about oil price fallout from Libyan woes than cargo flows

Libya amp 8217 s oil production woes may not dramatically alter Asia amp 8217 s crude buying plans due to the region amp 8217 s relatively low dependence on those supplies, but refiners are bracing for some price impact and supply squeeze as traditional customers of the North African OPEC produce....

Hellenic Shipping Freight News Published 2y-8mo-2d-57m ago
Hellenicshippingnews

As Germany joins LNG import race, a long and crowded track awaits

Even if Germany can deliver on its aim to build two liquefied natural gas LNG terminals in a speedy two years, Europe’s biggest economy will be barely off the starting line in its race to replace Russian gas. The terminals could regasify enough LNG to meet perhaps about a third of the supply Ger....

Hellenic Shipping Freight News Published 2y-8mo-2d-57m ago
Hellenicshippingnews

Russia’s Gazprom says it continues gas exports to Europe via Ukraine

Russian gas producer Gazprom GAZP.MM continued to supply natural gas to Europe via Ukraine on Tuesday in line with requests from European consumers, it said. Requests stood at 54.8 million cubic metres for April 19, the company said, down from 56.9 million cubic metres for April 18. Source: Reuters ....

Hellenic Shipping Freight News Published 2y-8mo-2d-12h-57m ago
Hellenicshippingnews

Azerbaijan exports 5.8m tons of oil in 1Q2022

Azerbaijan has exported 5.8 million tons of oil worth $3.6 billion in January March 2022, the State Customs Committee has reported. In the first quarter of the year, Italy was the main oil importer from Azerbaijan, accounting for 2.3 million tons of oil worth $1.4 billion. The top five countries in ....

Hellenic Shipping Freight News Published 2y-8mo-2d-12h-58m ago
Hellenicshippingnews

Japan seeks 137,516 tonnes of food wheat via tenders

Japan amp 8217 s Ministry of Agriculture, Forestry and Fisheries MAFF is seeking to buy a total of 137,516 tonnes of food quality wheat from the United States, Canada and Australia in regular tenders that will close on Thursday. Japan, the world amp 8217 s sixth biggest wheat importer, keeps a t....

Hellenic Shipping Freight News Published 2y-8mo-2w-2d-12h-57m ago
Hellenicshippingnews

France top destination for US LNG in March amid Europe supply disruption fears

France was the top destination for US LNG cargoes in March as Europe began refilling storage after inventories bottomed out and as Russia amp 8217 s war in Ukraine raised fears of pipeline gas disruptions. Spain was a close second, followed by the UK, an April 4 analysis of trade flow data by S amp....

Hellenic Shipping Freight News Published 2y-8mo-2w-2d-12h-58m ago
Hellenicshippingnews

Kazakhstan considers limiting grain and flour exports

Kazakhstan is considering temporarily limiting grain and flour exports after neighbour Russia banned grain exports, Agriculture Minister Yerbol Karashukeyev said on Monday. He provided no detail of the possible limitations. Kazakhstan has used export quotas in the past. Karashukeyev said the authori....

Hellenic Shipping Freight News Published 2y-8mo-2w-2d-12h-58m ago
Hellenicshippingnews

Saudi’s SAGO completes procedures for importing 625,000 tons of wheat

The Saudi Grains Organization SAGO has completed the procedures for importing 625,000 tons of wheat from the origins of Europe, North and South America, and Australia. Governor of the SAGO Eng. Ahmad Bin Abdulaziz Al Fares said that contracting this batch comes within the framework of strengthenin....

Hellenic Shipping Freight News Published 2y-8mo-2w-2d-12h-58m ago
Hellenicshippingnews

India’s wheat exports hit record 7.85 million tonnes in 2021-22 -traders

India amp 8217 s wheat exports hit 7.85 million tonnes in the fiscal year to March, an all time high and a sharp increase from 2.1 million tonnes in the previous year, traders said, as Russia amp 8217 s invasion of Ukraine cuts off rival Black Sea supplies. Earlier this month, a top government off....

Hellenic Shipping Freight News Published 2y-8mo-2w-2d-16h-57m ago
Hellenicshippingnews

Australia sees global uncertainty driving resource export earnings to record

Australia amp 8217 s mining and energy export earnings are forecast to reach a record A$425 billion $318 billion in 2021 22, although prices of its key iron ore shipments are expected to ease, the government said on Monday. Resource export earnings are forecast to climb 33% in the 2021–22 finan....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-57m ago
Hellenicshippingnews

China lifts aluminium exports as Western production slides

China is stepping up exports of aluminium to fill a widening supply gap in Western markets. The country shipped out 26,378 tonnes of primary aluminium in February, the highest monthly total since 2010. Imports collapsed over the first two months of the year, with the result that China turned a net e....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-58m ago
Hellenicshippingnews

India signs deals to export 7.2 mln T sugar in 2021/22, says trade body

Indian mills have signed contracts to export 7.2 million tonnes of sugar in the 2021/22 marketing year without government subsidies, a leading trade body said on Monday. Mills have already dispatched around 5.7 million tonnes since the start of the marketing year on Oct. 1, the Indian Sugar Mills As....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-12h-57m ago
Hellenicshippingnews

Uzbekistan plans to buy up to 600,000 t of grain for state stockpile

Uzbekistan plans to buy up to 600,000 tonnes of grain from Kazakhstan, its main supplier, and elsewhere to boost state stockpiles and ensure domestic food security as global food prices spike, the government said in a notice on Monday. The Central Asian republic buys 90% of its grain imports from ne....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-12h-57m ago
Hellenicshippingnews

Iraq oil exports reach $11.07bn in March amid higher demand

Iraq exported $11.07 billion worth of oil in March, the highest level for half a century, as crude prices soared amid shortfall fears after Russia amp 8217 s invasion of Ukraine, the oil ministry said. The second largest producer in the Organisation of the Petroleum Exporting Countries, Iraq sold ....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-12h-58m ago
Hellenicshippingnews

Venezuela’s March oil exports slip amid struggles with returned cargoes

Petroleum exports from Venezuela declined about 4% in March from the previous month as its state run oil company dealt with crude cargoes returned by customers over poor oil quality, documents and vessel monitoring data showed. A high level meeting between U.S. and Venezuelan officials in Caracas in....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-12h-58m ago
Hellenicshippingnews

Jordan issues new tender to buy 120,000 tonnes wheat, traders say

Jordan amp 8217 s state grain buyer has issued an international tender to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Monday. The deadline for submission of price offers in the tender is said to be April 6. Source: Reuters Reporting by M....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-12h-58m ago
Hellenicshippingnews

Indian state cancels Adani bids to supply imported coal

India amp 8217 s southern Andhra Pradesh has cancelled bids made for two separate tenders by India amp 8217 s Adani Enterprises to supply imported coal as the prices quoted were too high, two state government officials told Reuters. It is the first time in recent years that a major government tend....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-16h-58m ago
Hellenicshippingnews

Ukraine March grain exports fall sharply vs Feb – ministry

Ukrainian grain exports in March were four times less than February levels, due to the Russian invasion, the economy ministry said on Sunday. March grain shipments overseas included 1.1 million tonnes of corn, 309,000 tonnes of wheat, and 118,000 tonnes of sunoil, the ministry added. Ukraine was the....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-16h-58m ago
Hellenicshippingnews

EU must discuss import ban on Russian gas, German defence minister says

Germany amp 8217 s defence minister said on Sunday that the European Union must discuss banning the import of Russian gas after Ukrainian and European officials accused Russian forces of committing atrocities near Kyiv. amp 8220 There has to be a response. Such crimes must not remain unanswered, ....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-16h-58m ago
Hellenicshippingnews

U.S. liquefied natural gas exports rise 16%, to new record

U.S. liquefied natural gas LNG exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate. U.S. LNG is in high demand as European countries try to cut gas imports from Russia following its invasion of Ukraine while ....

Hellenic Shipping Freight News Published 2y-8mo-2w-3d-20h-57m ago
Hellenicshippingnews

Russia plans ESPO Blend oil sea exports at record high for May

The crude oil prices of Russia ESPO Blend from Kozmino have increased by 3.3 million tonnes for May, a record monthly high expected to be loaded from the port, according to the April schedule. According to Reuters estimates, oil loadings for ESPO Blend will increase about 3% daily. Record loadings p....

Hellenic Shipping Freight News Published 2y-8mo-3w-1d-12h-57m ago
Hellenicshippingnews

Taiwan buys 40,000 tonnes wheat of U.S.-origin in tender -traders

The Taiwan Flour Millers amp 8217 Association purchased an estimated 40,000 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 one consignment comprising various wheat types for shipment from the U.S. P....

Hellenic Shipping Freight News Published 2y-8mo-3w-1d-12h-58m ago
Hellenicshippingnews

Ukraine’s Metinvest doubles iron ore exports to Europe despite fighting

Ukraine amp 8217 s largest steelmaker Metinvest has doubled its iron ore shipments this month to Europe despite fighting that has ravaged the country, its chief executive said. The company typically used to ship 500,000 to 600,000 tonnes of iron ore concentrate or pellets to Europe each month, but ....

Hellenic Shipping Freight News Published 2y-8mo-3w-1d-12h-58m ago
Hellenicshippingnews

Iran’s condensate exports quadrupled in August-March: Minister

Iran’s oil minister Javad Owji says condensate exports from the country rose nearly four fold over the past eight months. Speaking to the Iranian radio on Monday, Owji said that exports of condensate, which is a very light form of crude, reached nearly 240,000 barrels per day bpd at the end of t....

Hellenic Shipping Freight News Published 2y-8mo-3w-1d-16h-57m ago
Hellenicshippingnews

India buys Russian sunoil at record high price as Ukraine supplies halt

India has contracted 45,000 tonnes of Russian sunflower oil at a record high price for shipments in April as edible oil prices in the local market surged after supplies from rival Ukraine stopped because of the war, five industry officials told Reuters. Sunflower oil from Russia could help the world....

Hellenic Shipping Freight News Published 2y-8mo-3w-1d-20h-57m ago
Hellenicshippingnews

Russia resumes LPG exports from Sea of Azov

Russia is set to resume supplies of liquefied petroleum gas LPG from a Sea of Azov port on Tuesday for the first time since Moscow started its military operation in Ukraine, data from the port and Refinitiv Eikon showed. Supplies of LPG, which is used in the petrochemical industry and to fuel vehi....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-57m ago
Hellenicshippingnews

France to help Egypt secure wheat supplies in coming months, minister says

France will ensure that Egypt gets the wheat it needs in the coming months as the war in Ukraine creates supply risks for grain importing countries, French Finance Minister Bruno Le Maire said on Monday. Egypt, among the world amp 8217 s biggest wheat importers, is heavily reliant on shipments from....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-12h-57m ago
Hellenicshippingnews

Indonesian coal may find homes in Europe amid volatile prices — ICMA

A disrupted global market may lead to Indonesian coal finding new homes in Europe as the ongoing Russia Ukraine conflict continues to create turmoil in trade flows and is expected keep global prices of the fossil fuel volatile over the next six seven months, Indonesian Coal Mining Association Direct....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-12h-57m ago
Hellenicshippingnews

Turkey trims corn import tender purchase to 100,000 T, traders say

Turkish grain board TMO booked about 100,000 tonnes of corn in an international tender for imported supplies on Monday, scaling back an initial volume of 300,000 tonnes, traders said. The tender sought about 325,000 tonnes for shipment from optional origins to a series of Turkish ports between April....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-12h-57m ago
Hellenicshippingnews

East-West gasoil March loadings gather steam on Russia-Ukraine unrest

Asia amp 8217 s gasoil exporters are taking advantage of arbitrage lanes to Europe whenever viable as Russian export dependent buyers seek alternatives amid the ongoing war in Ukraine. Spot deals for Asian gasoil loadings in tankers in March, with options for delivering gasoil to Europe, are projec....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-12h-58m ago
Hellenicshippingnews

Crude oil exports from other countries may pass through Russian infrastructure

Earlier this month, President Biden banned U.S. imports of crude oil, refined petroleum products, natural gas, coal, and coal products that originate in Russia. The President’s executive order, however, does not restrict U.S. energy imports originating in other countries that transit through Russi....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-12h-58m ago
Hellenicshippingnews

USDA attache sees Egypt 2022/23 wheat imports falling to 11 mln t

The following are selected highlights from a report issued by the U.S. Department of Agriculture amp 8217 s USDA Foreign Agricultural Service FAS post in Cairo: amp 8220 Egypt is closely following the repercussions of the Russian Ukrainian crisis. Certainly Egypt amp 8217 s grains imports fr....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-12h-58m ago
Hellenicshippingnews

China’s ENN agrees to buy 2.7 mil mt/year LNG from Energy Transfer

Energy Transfer amp 8217 s proposed Lake Charles LNG export terminal in Louisiana will supply 2.7 million mt/year of volumes to China amp 8217 s ENN and affiliates under two long term agreements disclosed March 29. The 20 year sale and purchase agreements are the first firm offtake deals announced....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-12h-58m ago
Hellenicshippingnews

Gazprom says Russia’s gas exports to Europe via Ukraine remain high

Russian gas exports via Ukraine to Europe by state owned Gazprom remained high and stable on Tuesday, the company said. It said requests for gas from its customers in Europe for transit via Ukraine stood at 109.5 million cubic metres mcm for Tuesday, unchanged from Monday. Earlier on Tuesday, RIA ....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-12h-58m ago
Hellenicshippingnews

Germany to halve Russian oil imports by mid-2022

Germany plans to halve Russian oil imports by the middle of the year and become almost independent by the end of 2022, the Ministry of Economy and Climate Protection BMWK said. The country amp 8217 s dependence on Russian oil would be reduced in the coming weeks to around 25 percent through contr....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-20h-57m ago
Hellenicshippingnews

Gunvor backs out of LNG deliveries to Pakistan from April-June: officials

Pakistan has received refusal notices from commodity trader Guvnor to supply four LNG cargoes expected in the next three months, forcing the South Asian country to purchase LNG on the spot market at record high prices and grapple with energy security concerns, officials at its energy ministry told S....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-20h-58m ago
Hellenicshippingnews

Indonesia’s Pertamina considers buying crude from Russia -CEO

Indonesian state energy firm PT Pertamina is considering buying crude oil from Russia as it seeks oil for a newly revamped refinery, chief executive officer Nicke Widyawati said on Monday. Speaking at a parliamentary hearing, she said amid current geopolitical tensions, Pertamina saw amp 8220 an o....

Hellenic Shipping Freight News Published 2y-8mo-3w-2d-20h-58m ago
Hellenicshippingnews

India says no plans for now to buy Russian oil in rupees

India is not considering buying oil from Russia or any other country using Indian rupees, the junior oil minister told parliament on Monday, after Western nations imposed sanctions on Russia over its invasion of Ukraine. With Western sanctions hitting Russia amp 8217 s dollar based trading, there i....

Hellenic Shipping Freight News Published 2y-8mo-3w-3d-57m ago
Hellenicshippingnews

Russian wheat exports via Black Sea steady, domestic grain prices rally

Russia kept its wheat exports steady via its Black Sea ports last week as Azov Sea routes remain restricted, analysts said on Monday, while domestic prices for the grain continued to rally because of the recent weakening of the rouble. Western sanctions imposed on Russia for what Moscow calls amp ....

Hellenic Shipping Freight News Published 2y-8mo-3w-3d-57m ago
Hellenicshippingnews

U.S. weighs cutting Russian oil imports amid broad public support

The Biden administration is weighing cutting U.S. imports of Russian oil and ways to minimize the impact on global supplies and consumers, the White House said on Friday, as lawmakers fast track a bill that would ban Russian energy imports entirely. amp 8220 We are looking at ways to reduce the im....

Hellenic Shipping Freight News Published 2y-9mo-2w-1d-11h-58m ago
Hellenicshippingnews

China eyes nonferrous metal exports as seaborne prices soar amid Ukraine conflict: sources

Some China based producers and traders of nonferrous metals are seeking export opportunities after seaborne prices rose sharply due to the Russia Ukraine conflict, while losses widened on imports, industry sources said March 4. Domestic Chinese prices of nonferrous metals, such as aluminum, alumina,....

Hellenic Shipping Freight News Published 2y-9mo-2w-1d-11h-58m ago
Hellenicshippingnews

Pakistan secures 10 LNG cargoes at cost of $14.5 mmbtu

The country has purchased around 10 liquefied natural gas LNG cargoes at a weighted average cost of $14.5 mmbtu Metric Million British Thermal Units for the current month, which is almost 75 percent less as compared to the existing rate of $60/mmbtu in the international spot market. Minister for....

Hellenic Shipping Freight News Published 2y-9mo-2w-1d-11h-58m ago
Hellenicshippingnews

Shell buys cargo of Russian crude loading mid-March from Trafigura

Shell bought a cargo of Russian crude oil from Swiss trader Trafigura in S amp 38 P Global Platts window loading from Baltic ports at a record low of dated Brent minus $28.50 a barrel, traders said on Friday. The cargo is due to load March 14 18 and is the first Russian crude deal in weeks to be ......

Hellenic Shipping Freight News Published 2y-9mo-2w-1d-15h-57m ago
Hellenicshippingnews

US coal export prices hit all-time highs

Global energy prices rose sharply this week amid the Russia Ukraine conflict, a trend that hit US thermal coal export prices March 3. FOB Baltimore and FOB NOLA coal prices hit record highs, according to the Platts assessment by S amp 38 P Global Commodity Insights. amp 8220 These are times like ....

Hellenic Shipping Freight News Published 2y-9mo-2w-1d-15h-57m ago
Hellenicshippingnews

First U.S. refiner suspends purchases of Russian crude for Hawaii refinery

Par Pacific Holdings Inc said it would suspend the purchases of Russian crude oil for its Hawaii refinery, the first U.S. refiner to publicly refuse the country amp 8217 s oil following a wave of sanctions imposed after Moscow amp 8217 s invasion of Ukraine. The United States is open to imposing s....

Hellenic Shipping Freight News Published 2y-9mo-2w-1d-15h-58m ago
Hellenicshippingnews

Indian sugar exports and output could hit record high, says trade body

India could export a record 7.5 million tonnes of sugar in the 2021/22 marketing year, nearly 25% more than the previous estimate, with output set to reach a record high thanks to beneficial weather, a leading trade body said on Friday. Higher exports from the world amp 8217 s second biggest sugar ....

Hellenic Shipping Freight News Published 2y-9mo-2w-1d-15h-58m ago
Hellenicshippingnews

Chinese refiners tap alternative payments to keep Russian oil flowing

Chinese refiners are paying for Russian crude oil using cash transfers to maintain imports from Russia amp 8217 s Fast East, as banks shy away from financing the oil because of sanctions, sources with knowledge of the matter said. Global oil prices LCOc1 have soared to their highest in a decade as ....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-11h-57m ago
Hellenicshippingnews

Ukraine crisis throws Egypt’s wheat purchases into doubt

Russia amp 8217 s invasion of Ukraine has left Egypt amp 8217 s wheat import prospects in turmoil, with two cargoes purchased by Egypt amp 8217 s state buyer stuck at Ukrainian ports, other deliveries at risk, and prices soaring, traders say. However, Egypt amp 8217 s reserves mean it is not in ....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-11h-57m ago
Hellenicshippingnews

India’s BPCL seeks extra Gulf oil, fearing Russian supply hit – source

State run Indian refiner Bharat Petroleum Corp.BPCL.NS is seeking extra oil from Middle Eastern producers for April, fearing Western sanctions against Russia could hit deliveries of Urals crude, a source familiar with the matter said. BPCL, India second biggest state refiner, on an average buys two ....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-11h-58m ago
Hellenicshippingnews

Buyers shun Black Sea loadings of Kazakh CPC crude due to Russia-Ukraine conflict

Exports of Kazakhstan amp 8217 s CPC Blend crude were being impacted by the conflict in Ukraine with some buyers canceling loadings of the key grade at the Russian port of Novorossiisk as the Black Sea route incurred a war risk premium. Loadings on at least three tankers due to take place in the we....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-11h-58m ago
Hellenicshippingnews

Turkey said to cut wheat purchase to 285,000 tonnes on high prices – traders

Turkey amp 8217 s state grain board TMO has informed traders it will cut its purchase of wheat in an international tender to about 285,000 tonnes from 370,000 tonnes provisionally awarded on Wednesday because of high prices, traders said. The tonnages purchased in TMO’s tenders are always provisi....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-11h-58m ago
Hellenicshippingnews

South Africa’s Gigajoule expects to import first LNG cargo at new Mozambique terminal by mid-2025

South African energy company Gigajoule is confident of reaching financial closure by year end ahead of construction of its $550 million Matola LNG import terminal in Mozambique with joint development partner TotalEnergies TTEF.PA, the chief executive of the privately held firm said on Thursday. The ....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-15h-57m ago
Hellenicshippingnews

AFPM, US refiners support suspension of Russian crude, refined products imports

The American Fuel amp 38 Petrochemical Fuel Manufacturers reiterated its position supporting the Ukraine against Russian military action, calling for the suspension of US imports of Russian crude oil and refined products. amp 8220 AFPM fully supports the suspension of all future purchases of cr....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-15h-57m ago
Hellenicshippingnews

US House Speaker Pelosi supports US ban on Russian oil imports

US House of Representatives Speaker Nancy Pelosi said March 3 she supports a bipartisan push to ban US imports of Russian crude, as a growing number of countries take aim at the flows as Ukraine remains under attack. amp 8220 I amp 8217 m all for that. Ban it. Ban the oil coming from Russia, amp ....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-15h-57m ago
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Algeria to allow French wheat imports due to Ukraine conflict

Algeria will allow French wheat imports in March because of disruption to Black Sea shipments, traders said on Thursday, overturning a recent exclusion that had hit the EU amp 8217 s biggest wheat exporter. Relations between France and its former colony were damaged in October when President Emmanu....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-19h-57m ago
Hellenicshippingnews

China likely to lift March gasoline, gasoil outflows as export margins rise

Chinaese oil companies are likely to lift March oil products outflows above their planned targets as export margins rise, refiners and analysts told S amp 38 P Global Commodity Insights March 3. The country amp 8217 s oil products export quota holders late February set total gasoline exports for M....

Hellenic Shipping Freight News Published 2y-9mo-2w-3d-23h-57m ago
Hellenicshippingnews

UK foreign minister Truss floats idea of ‘ceiling’ on Russia oil and gas imports

UK Foreign Secretary Liz Truss has floated the idea on Feb. 27 of G7 countries imposing limits on the amount of oil and gas they can import from Russia as part of a widening raft of economic measures and sanctions in response to the invasion of Ukraine. amp 8220 I would support the idea of having ....

Hellenic Shipping Freight News Published 2y-9mo-3w-11h-57m ago
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Russian oil buyers struggle with payments and vessels -traders

Buyers of Russian oil have faced massive difficulties over payments and availability of vessels after imposition of Western sanctions against Moscow over Ukraine, traders said on Monday. The West has introduced wide range sweeping sanctions, including on the banking sector, after Russia amp 8217 s ....

Hellenic Shipping Freight News Published 2y-9mo-3w-11h-57m ago
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Asian buyers shun Russian commodities as payment concerns mount

Many Asian buyers have been backing off from a wide range of Russian commodities like oil, gas, coal and the chartering of Russian vessels on growing uncertainty over payments and widening efforts to sever Moscow from the global financial system, traders said. The uncertainty stems from an increasin....

Hellenic Shipping Freight News Published 2y-9mo-3w-11h-57m ago
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Egypt issues wheat tender as Ukraine war threatens supply

Egypt has launched an international wheat tender to import wheat from April 13 to 26, just 48 hours after canceling a tender that received only a single offer. The Egyptian Supply Commodities Authority set a Feb. 28 deadline for offers for the new tender. It canceled an international wheat tender on....

Hellenic Shipping Freight News Published 2y-9mo-3w-11h-58m ago
Hellenicshippingnews

BP cancels fuel oil loadings from Russian Black Sea port – sources

Oil major BP has cancelled all of its fuel oil loadings from the Russian Black Sea port of Taman due to Russia amp 8217 s invasion of Ukraine, sources familiar with the matter said. BP was due to load a 60,000 tonne cargo of fuel oil on March 5, according to the sources and a loading list for the .....

Hellenic Shipping Freight News Published 2y-9mo-3w-15h-57m ago
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Surgutneftegaz fails to award spot tender for March Urals oil in Baltic – traders

Russia amp 8217 s Surgutneftegaz did not award its spot tender for 200,000 tonnes of Urals oil from Baltic ports in March as the company received no bids from buyers, three traders said on Monday. The producer offered two cargoes of 100,000 tonnes each loading on March 10 11 from the Primorsk and U....

Hellenic Shipping Freight News Published 2y-9mo-3w-15h-57m ago
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Japan’s JERA does not currently see SWIFT ban impacting Sakhalin 2 LNG imports

Japan amp 8217 s largest power generation company JERA does not currently see the latest financial sanctions on Russia, including barring designated Russian banks from the international payment system SWIFT, impacting its LNG imports from the Sakhalin 2 project, a company spokesperson told S amp 3....

Hellenic Shipping Freight News Published 2y-9mo-3w-15h-57m ago
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Invasion halts Ukraine steel shipments; appetite wanes for Russian steel

Steel shipments from key exporter Ukraine have been halted following Russia amp 8217 s invasion of its neighbor early Feb. 24, according to market sources. The conflict has resulted in major disruptions to logistics routes required for steel and iron ore transport. amp 8220 Deliveries from Ukrain....

Hellenic Shipping Freight News Published 2y-9mo-3w-19h-57m ago
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Cherniere expects more long-term LNG supply deals in volatile market

Top U.S. exporter of liquefied natural gas Cheniere Energy Inc said high prices and an amp 8220 extremely volatile amp 8221 global market are driving more long term supply contracts. Russia amp 8217 s attack on the Ukraine sent European gas prices up 40% on Thursday, a signal that LNG will rema....

Hellenic Shipping Freight News Published 2y-9mo-3w-19h-57m ago
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Russia-Ukraine conflict puts China’s incremental crude appetite in spotlight

Chinese buyers of spot Russian crude are temporarily refraining from closing deals following uncertainty around shipping, but Asia amp 8217 s biggest oil consumer has the appetite to absorb incremental cargoes if other buyers decide to cut purchases from the leading European supplier, according to ....

Hellenic Shipping Freight News Published 2y-9mo-3w-23h-57m ago
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Egypt working to import wheat from regions other than Russia and Ukraine -cabinet spokesperson

Egypt, often the world amp 8217 s top wheat importer, is working on a plan to buy in wheat from other regions instead of Russia and Ukraine, the state news agency reported, citing Cabinet spokesman Nader Saad. Saad also told a local television channel late on Saturday that Egypt amp 8217 s current....

Hellenic Shipping Freight News Published 2y-9mo-3w-23h-57m ago
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Russian oil exports continue despite payment issues – sources

Russian oil exports continued to flow to Europe and onwards on Friday, even as Russian sellers and Western buyers said they struggled with payments, banking guarantees and shipping after the West imposed sanctions on Moscow for attacking Ukraine, according to traders, port agents and shipping data o....

Hellenic Shipping Freight News Published 2y-9mo-3w-1d-11h-57m ago
Hellenicshippingnews

India resumes LPG purchases for March delivery after 16% drop in Jan imports

India amp 8217 s state oil importers have resurfaced seeking spot LPG cargoes for H1 March deliveries to meet recovering demand and fill prompt shortfalls, traders said, after Petroleum Planning and Analysis Cell data showed Feb. 24 that imports in January fell 15.87% on the month to 1.394 million ....

Hellenic Shipping Freight News Published 2y-9mo-3w-1d-11h-58m ago
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8 LNG cargos to be delivered to Turkey in 10 days

Turkey is expected to receive eight liquefied natural gas LNG cargos from countries such as the United States, Equatorial Guinea and Algeria at its LNG terminals by March 6, international shipping data showed. Turkey continues to purchase LNG in order to keep its natural gas tanks full and avoid s....

Hellenic Shipping Freight News Published 2y-9mo-3w-1d-11h-58m ago
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Venture Global to ship first fuel from new Louisiana LNG plant

A liquefied natural gas tanker that has been docked at Venture Global amp 8217 s Calcasieu Pass export terminal in Louisiana since early February is nearly loaded, according to gas supply data, and preparing join a stream of U.S. LNG tankers heading to Europe. The expected departure of the Greek fl....

Hellenic Shipping Freight News Published 2y-9mo-3w-1d-15h-57m ago
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Taiwan rejects offers for 65,000 T corn tender after price surge – traders

Taiwan amp 8217 s MFIG purchasing group rejected all offers and made no purchase in an international tender for up to 65,000 tonnes of animal feed corn which closed on Friday, European traders said. Prices were regarded as too high after the surge in grain markets on Thursday following Russia’s i....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-11h-57m ago
Hellenicshippingnews

Asian refiners see uninterrupted Black Sea crude import flows for now

Asian refiners that regularly purchase Black Sea crude oil said shipments of Russian Urals and Kazakhstan amp 8217 s CPC Blend for delivery in March and April have not been affected by Russia amp 8217 s military operation in Ukraine, but the companies said they would reassess logistical risks in t....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-11h-57m ago
Hellenicshippingnews

Chinese buyers hesitate to procure Russian coal amid Ukraine conflict: sources

Some buyers in China have been advised by banks and higher authorities to refrain from procuring Russian coal due to possible sanctions amid Russia amp 8217 s invasion of Ukraine, sources told S amp 38 P Global Platts Feb. 24. Market participants globally are cautious about trading Russian coal af....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-11h-57m ago
Hellenicshippingnews

Ukraine crisis will disrupt crude, coal and LNG flows even without sanctions

Russia’s invasion of Ukraine will disrupt the global movement of energy commodities, even if Western powers don’t impose sanctions on exports from Russia. So far none of the retaliatory measures against Moscow have been targeted at exports of crude oil, coal or natural gas, the latter either by ....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-11h-57m ago
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Greece sees no disruption in gas flows, suppliers line up cargoes -minister

Gas flows to Greece are smooth and Greek gas suppliers have lined up additional gas cargoes if needed, Energy Minister Kostas Skrekas said on Friday, a day after Russia invaded Ukraine. The invasion exacerbated gas prices that have been soaring since September, fanning fears about supplies key to po....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-11h-57m ago
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Jordan issues new tender to buy 120,000 tonnes wheat, traders say

Jordan amp 8217 s state grain buyer has issued an international tender to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Thursday. The deadline for submission of price offers in the tender is March 2. A new announcement had been expected aft....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-11h-58m ago
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Both U.S. oil imports, exports up last week: EIA

Both of U.S. crude oil imports and exports increased during the week ending Feb. 18, the U.S. Energy Information Administration EIA said in a report released on Thursday. U.S. crude oil imports averaged 6.8 million barrels per day b/d last week, up by about 1.04 million b/d from the previous wee....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-11h-58m ago
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Miner Ferrexpo declares force majeure as exports halted at Ukraine port

Ferrexpo FXPO.L said on Friday it sent force majeure notices to some customers, as the iron ore miner suspended exports at the Pivdennyi port in southwest Ukraine, a day after Russian forces invaded the country. The London listed company said its operations close to the city of Horishni Plavni in ce....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-15h-57m ago
Hellenicshippingnews

Vietnam to import additional 2.4 million cu m of petroleum products in Q2

Vietnam will import an additional 2.4 million cubic metres of petroleum products in the second quarter to compensate for a fall in domestic output, the industry and trade ministry said on Friday. The Southeast Asian country has been facing a petroleum supply shortage after its largest refinery cut i....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-15h-57m ago
Hellenicshippingnews

U.S. farm exports to rise to record $183.5 billion in FY 2022

The value of U.S. farm exports will reach a record $183.5 billion in 2022, the government said on Thursday. Overseas demand from traditional trading partners has remained strong despite recent price increases, U.S. Agriculture Department chief economist Seth Meyer said at the agency amp 8217 s annu....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-19h-57m ago
Hellenicshippingnews

Saudi products exports 32% higher in 2021 on diesel, fuel oil shipments

Saudi Arabia’s shipments of refined products grew 32 percent in 2021, compared with the previous 12 months, as the Kingdom exported more diesel and fuel oil, according to official data. Diesel and fuel oil were the two main products that drove exports higher, with 1.34 million barrels per day bein....

Hellenic Shipping Freight News Published 2y-9mo-3w-3d-23h-57m ago
Hellenicshippingnews

CIF NWE naphtha cargo prices hit over 7-year high on Russia-Ukraine escalation

CIF NWE naphtha cargo prices extended gains amp 8212 reaching a level not seen since Aug. 5, 2014 amp 8212 as an increasing bullish crude oil complex amid Russia amp 8217 s invasion of Ukraine, coupled with tight supply for naphtha saw prices hit $878/mt on Feb. 23. Although market participan....

Hellenic Shipping Freight News Published 2y-9mo-3w-4d-11h-57m ago
Hellenicshippingnews

FACTBOX: Russia’s Ukraine invasion seen disrupting vegetable oil, grain trade flows

Russia amp 8217 s invasion of Ukraine sent agricultural commodities spiraling Feb. 24 following monthslong tensions in the Black Sea region that kept prices of key grains such as wheat highly volatile. As both Russia and Ukraine command clout in global trade flows of grain and vegetable oil, rising....

Hellenic Shipping Freight News Published 2y-9mo-3w-4d-11h-58m ago
Hellenicshippingnews

Distressed Venezuelan oil cargo discharging in Asia -sources

A U.S. sanctioned Venezuela owned supertanker that had mechanical problems since January is transferring its 2 million barrel cargo of heavy crude to other vessels in Asia, according to three people familiar with the matter. The very large crude carrier VLCC Maximo Gorki left Venezuela in November....

Hellenic Shipping Freight News Published 2y-9mo-3w-4d-11h-58m ago
Hellenicshippingnews

Steel exports rise 11% in 10 months yr/yr

Khouzestan Steel Company posted the best performance through exporting 1.51 million tons of steel in the ten month period, followed by Mobarakeh Steel Company and Esfahan Steel Company by exporting 980,758 tons and 937,906 tons, respectively. Slab produced by Sirjan Jahan Steel Company registered th....

Hellenic Shipping Freight News Published 2y-10mo-11h-57m ago
Hellenicshippingnews

Sri Lanka seeks $35 million to pay for urgent diesel imports

Sri Lanka is trying to arrange a payment of $35 million for a shipment of 40,000 tonnes of diesel with just a few days of stocks left, the energy minister said on Monday, warning of a looming fuel shortage as foreign exchange runs short. Reserves in the Indian Ocean nation, which typically spends ab....

Hellenic Shipping Freight News Published 2y-10mo-11h-57m ago
Hellenicshippingnews

UAE pledges to meet India’s growing energy needs amid oil price concerns

The UAE, OPEC amp 8217 s third biggest crude producer, said it is committed to meeting India amp 8217 s energy demand as the growing oil consumer seeks to secure supplies with prices surging to near $100/b. The commitment to supplying India is included in the Joint UAE India Vision Statement, whic....

Hellenic Shipping Freight News Published 2y-10mo-11h-58m ago
Hellenicshippingnews

Egypt said to buy 100,000 tonnes raw sugar in tender –traders

Egypt amp 8217 s state sugar buyer ESIIC is believed to have purchased around 100,000 tonnes of raw sugar in an international tender which closed on Saturday, European traders said on Monday. It was bought in two 50,000 tonne consignments, both at an estimated $470 a tonne c amp 038 f, they said. ....

Hellenic Shipping Freight News Published 2y-10mo-11h-58m ago
Hellenicshippingnews

Iran sees itself as world’s best option for gas supplies: Report

Iran amp 8217 s oil minister Javad Owji said on Monday Feb 21 that his country provided the best option for gas exports to east and west, the semi official Tasnim news agency reported. amp 8220 Unilateral sanctions against members of the forum not only violate international law, but also threat....

Hellenic Shipping Freight News Published 2y-10mo-15h-57m ago
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China sells 97% of wheat on offer at reserves auction – trade centre

China sold 508,089 tonnes of wheat or 96.64% of the total offer at an auction of state reserves held Feb. 16, the National Grain Trade Center said on its website on Monday. The average price of the wheat sold was 2,689 yuan $425.13 per tonne. Source: Reuters Reporting by Dominique Patton Editing....

Hellenic Shipping Freight News Published 2y-10mo-15h-57m ago
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Mitsubishi buys rare Vietnamese crude for Japan power plants: Sources

Japan amp 8217 s Mitsubishi has made an unusual purchase of Vietnamese low sulphur crude loading in April that will be supplied to Japanese power plants, trade sources said on Monday Feb 21 . The trading house purchased 300,000 barrels of Chim Sao crude from state oil marketer PV Oil at about US$....

Hellenic Shipping Freight News Published 2y-10mo-15h-57m ago
Hellenicshippingnews

Japan’s JERA eyes up to 500,000 mt/year ammonia long-term supply from FY 2027-28

Japan amp 8217 s largest power generation company JERA said it plans to issue international tenders to buy up to 500,000 mt/year of fuel ammonia from long term contracts starting in fiscal year 2027 28 April March . JERA said it has sent a request for proposals describing bidding conditions to mor....

Hellenic Shipping Freight News Published 2y-10mo-19h-57m ago
Hellenicshippingnews

Pakistan to tap spot cargoes after long-term LNG suppliers bail

Pakistan is seeking to buy liquefied natural gas LNG cargoes from the spot market after two long term suppliers failed to fulfil commitments to deliver shipments in March, Bloomberg reported on Friday while citing “people with knowledge of the matter”. Pakistan LNG Ltd has issued a tender for ....

Hellenic Shipping Freight News Published 2y-10mo-19h-57m ago
Hellenicshippingnews

India’s Jan crude oil imports ease from one-year highs

India amp 8217 s crude oil imports in January slipped from one year highs hit in the previous month, though fuel demand is expected to recover as several states ease coronavirus restrictions after a decline in cases. Crude oil imports fell about 1.7% to 19.26 million tonnes last month from a year e....

Hellenic Shipping Freight News Published 2y-10mo-23h-57m ago
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Crude Oil: Spot trade muted, Angolan programme emerges

Spot activity was muted on Friday but Angola amp 8217 s April loading programme emerged with 35 cargoes, unchanged from the previous month. Traders will be awaiting April contract allocations early next week before a fresh cycle of spot trade begins. Offers for Nigerian Qua Iboe were last heard at ....

Hellenic Shipping Freight News Published 2y-10mo-23h-57m ago
Hellenicshippingnews

Asian refiners eager to resume Iranian oil imports as high prices bite

Asian refiners, traditionally big buyers of Iranian oil, are keen to resume imports from Iran if there is an agreement to revive a 2015 nuclear deal, which could pave the way for more supply on global markets and soften prices. Most Asian buyers halted Iranian oil imports in 2019 after former U.S. P....

Hellenic Shipping Freight News Published 2y-10mo-1d-11h-57m ago
Hellenicshippingnews

Russian gas exports to Europe not affected by eastern Ukraine pipeline blast

Russian gas supplies to Europe were not affected after part of a gas pipeline near Luhansk in eastern Ukraine caught fire late on Friday, a Ukrainian gas official said. The pipeline was struck by “a powerful explosion” which cut off nearly 100 households from the gas supply, Interfax news agency....

Hellenic Shipping Freight News Published 2y-10mo-1d-11h-58m ago
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Argentina Grain Inspectors Announce Strike Monday, No Effect On Shipments

Argentina amp 8217 s grain inspectors union URGARA said on Friday it will launch a 24 hour commercial strike on Monday to demand a wage bonus, but said the strike would not affect grain shipments at ports in one of the world amp 8217 s leading food exporters. URGARA said it is demanding a wage am....

Hellenic Shipping Freight News Published 2y-10mo-1d-11h-58m ago
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Taiwan buys 54,920 tonnes wheat of U.S.-origin in tender – traders

The Taiwan Flour Millers amp 8217 Association purchased an estimated 54,920 tonnes of milling wheat to be sourced from the United States in a tender which closed on Friday, European traders said. The purchase involved a range of different wheat types in one consignment for shipment from the U.S. P....

Hellenic Shipping Freight News Published 2y-10mo-3d-11h-57m ago
Hellenicshippingnews

Angola: Country’s 2021 crude oil exports worth US$27.87B, 51pct more than 2020

Angola exported 394.22 million barrels of crude oil in 2021, sold at an average price of US$70.7 per barrel, with gross revenues of US$27.87 billion 24.5 billion euros . According to the Angolan Secretary of State for Oil and Gas, José Barroso, the gross revenues collected in 2021 represented a ri....

Hellenic Shipping Freight News Published 2y-10mo-3d-11h-57m ago
Hellenicshippingnews

Lowest offer at Egypt’s GASC tender $315.3/t FOB -traders

The lowest offer presented at an Egyptian state purchasing tender for wheat on Thursday was $315.3 a tonne for 60,000 tonnes of Ukrainian wheat free on board FOB , traders said. The offer was presented by Posco International. Egypt’s state grains buyer, the General Authority for Supply Commoditie....

Hellenic Shipping Freight News Published 2y-10mo-3d-11h-58m ago
Hellenicshippingnews

EIA expects U.S. petroleum trade to shift toward net imports during 2022

In 2021, the United States returned to importing more petroleum which includes crude oil, refined petroleum products, and other liquids than it exports following its historic shift to being a net exporter of petroleum in 2020. According to our February 2022 Short Term Energy Outlook STEO , we exp....

Hellenic Shipping Freight News Published 2y-10mo-3d-11h-58m ago
Hellenicshippingnews

Qatar LNG exports down on mega train unplanned outage

Exports of liquefied natural gas LNG from Qatar amp 8217 s Laffan liquefaction plant have been lower over the past few days as one of the facility amp 8217 s trains have been down, three industry sources said. LNG exports daily flows moving average data from Refinitiv shows loadings were down fo....

Hellenic Shipping Freight News Published 2y-10mo-3d-11h-58m ago
Hellenicshippingnews

Egypt’s GASC buys 180,000 tonnes of wheat in tender

Egypt’s state grains buyer, the General Authority for Supply Commodities GASC , said on Thursday it had bought 180,000 tonnes of Romanian wheat in an international tender for shipment April 1 10, 2022. Traders gave the following breakdown of the purchase in dollars per tonne: Supplier Quantity Or....

Hellenic Shipping Freight News Published 2y-10mo-3d-11h-58m ago
Hellenicshippingnews

Azerbaijan’s gas exports see nearly 40 pct growth in 2021

Azerbaijan has exported 18.9 billion cubic meters of gas in 2021, registering a 39.8 percent increase year on year, the country amp 8217 s energy ministry said in a recent statement. The country amp 8217 s gas production registered 43.9 billion cubic meters last year, increasing by 18.1 percent fr....

Hellenic Shipping Freight News Published 2y-10mo-3d-11h-58m ago
Hellenicshippingnews

Algeria buys around 600,000 tonnes of wheat in tender, traders say

Algeria amp 8217 s state grains agency OAIC is believed to have purchased around 600,000 tonnes of optional origin milling wheat in an international tender that closed on Wednesday, European traders said. Latest estimates of the volume purchased ranged from 570,000 to 630,000 tonnes, above a 300,00....

Hellenic Shipping Freight News Published 2y-10mo-3d-15h-57m ago
Hellenicshippingnews

Russian Parliament to recommend cancellation of grains export duties: Interfax

Russia amp 8217 s State Duma, or lower house of parliament, asked the government Feb. 16 to reconsider the duties that it introduced on grains exports a year ago, the country amp 8217 s Interfax news agency reported. Russia is the world amp 8217 s largest wheat exporter and its exports of the bas....

Hellenic Shipping Freight News Published 2y-10mo-4d-11h-57m ago
Hellenicshippingnews

Egypt’s GASC seeks wheat in new international tender

Egypt amp 8217 s General Authority for Supply Commodities GASC set a tender on Wednesday to buy an unspecified amount of wheat from global suppliers for shipment from April 1 10. Deadline for offers is Feb. 17 and payment is at sight, it said. Source: Reuters Reporting by Sarah El Safty, Writing....

Hellenic Shipping Freight News Published 2y-10mo-4d-11h-57m ago
Hellenicshippingnews

Israel approves new route for gas exports to Egypt via Jordan

Israel amp 8217 s energy ministry has approved the start of gas flows to Egypt via Jordan, with first supplies expected to begin before the end of February. At present, Israeli gas from its offshore Leviathan and Tamar fields is delivered to Egypt via Israel amp 8217 s own transmission system befo....

Hellenic Shipping Freight News Published 2y-10mo-4d-11h-58m ago
Hellenicshippingnews

Iraq strengthens grip on India oil market, with highest volumes in 29 mths

India amp 8217 s imports of oil from Iraq surged in January to a 29 month high of about 1.3 million barrels per day bpd , making up nearly a third of the supplies to Asia amp 8217 s third largest economy, data from shipping and industry sources show. Iraq amp 8217 s importance as a key supplier ....

Hellenic Shipping Freight News Published 2y-10mo-4d-11h-58m ago
Hellenicshippingnews

Algeria buys at least 120,000 wheat in tender, talks go on -traders

Algeria’s state grains agency OAIC is believed to have purchased at least 120,000 tonnes of optional origin milling wheat in an international tender which closed on Wednesday, European traders said on Thursday. Negotiations in the tender will continue on Thursday but have been made more difficult ....

Hellenic Shipping Freight News Published 2y-10mo-4d-11h-58m ago
Hellenicshippingnews

Puerto Rico gasoline imports reach 2017 levels, overcoming hurricanes and a pandemic

Puerto Rico imported its third highest monthly volume of gasoline since 2017 in January and kept an even brisker pace into February, showing resurgence for the US territory decimated by economic troubles and population loss from hurricanes Irma and Maria and then the pandemic. US Customs data Feb. 1....

Hellenic Shipping Freight News Published 2y-10mo-4d-11h-58m ago
Hellenicshippingnews

Jordan issues tender to buy 120,000 T wheat, traders say

Jordan amp 8217 s state grain buyer has issued an international tender to buy 120,000 tonnes of milling wheat sourced from optional origins, European traders said on Wednesday. The deadline for submission of price offers is Feb. 23, with shipment sought in a series of possible combinations in 60,00....

Hellenic Shipping Freight News Published 2y-10mo-5d-11h-57m ago
Hellenicshippingnews

Philippines’ sugar import program put on hold

According to the latest Memorandum Circular No. 5 released by the Sugar Regulatory Administration SRA on Feb. 16, Philippines would be temporarily halting the previously announced implementation of the import program for 200,000 mt of refined sugar until further notice. Since the SRA issued Sugar ....

Hellenic Shipping Freight News Published 2y-10mo-5d-11h-58m ago
Hellenicshippingnews

Europe remains top destination for U.S. LNG for the third month

Europe’s call for U.S. liquefied natural gas continues to run hot in February and is poised to remain the top destination for U.S. shipments for the third month in a row, according to mid month Refinitiv vessel tracking data on Tuesday. About three quarters of U.S. LNG volumes went to Europe in Ja....

Hellenic Shipping Freight News Published 2y-10mo-5d-11h-58m ago
Hellenicshippingnews

Regional sweet crude sentiment buoyed despite longer April loading program

Cash premiums for April loading barrels of regional sweet crudes are likely to maintain an upbeat momentum on the month amid robust middle distillate cracks, despite a longer loading program seen for Malaysian crude, traders told S amp 38 P Global Platts Feb. 16. Traders amp 8217 sentiment were l....

Hellenic Shipping Freight News Published 2y-10mo-5d-11h-58m ago
Hellenicshippingnews

EU says it is prepared for partial disruption of Russian gas flows

The European Union would be able to cope with a partial disruption to gas imports from Russia, European Commission President Ursula von der Leyen said. Escalating tensions with Russia over Ukraine have raised concerns about Russian gas flows to Europe, prompting the EU to review its contingency plan....

Hellenic Shipping Freight News Published 2y-10mo-5d-11h-58m ago
Hellenicshippingnews

Iraq’s Kurdistan rejects court ruling against region’s independent oil exports

Iraq amp 8217 s Kurdistan Regional Government rejected the Federal Supreme Court ruling against independent Kurdish exports in the semi autonomous region and vowed to take legal and constitutional measures to protect its oil and gas contracts as the dispute between Erbil and Baghdad escalates. Iraq....

Hellenic Shipping Freight News Published 2y-10mo-5d-11h-58m ago
Hellenicshippingnews

European attempts to replace Russian gas by LNG risk sparking gas crisis in Asia, Russia’s Novak says

Even a partial refusal by Europe of Russian pipeline gas in favour of liquefied natural gas LNG risks triggering another wave of gas crises in Asia, Russia amp 8217 s Deputy Prime Minister told an industry magazine on Wednesday. In comments on recent spikes in energy prices globally, Alexander No....

Hellenic Shipping Freight News Published 2y-10mo-5d-15h-57m ago
Hellenicshippingnews

Egypt’s GASC receives offers in international vegetable oils tender

The lowest offer presented at an Egyptian state purchasing tender for vegetable oils on Wednesday was $1,463 per tonne c amp 038 f for 5,500 tonnes of sunflower oil, traders said. The lowest offer presented for soyoil at the tender was $1,567 per tonne for 6,000 tonnes with payment at sight, they a....

Hellenic Shipping Freight News Published 2y-10mo-5d-15h-57m ago
Hellenicshippingnews

April-loading Russian Sokol oil premium rises to over 2-year high-sources

Spot premiums for Russian Sokol crude loading in April jumped to their highest in more than two years after India amp 8217 s ONGC Videsh sold a cargo via a tender, trade sources said on Wednesday. The cargo for April 19 25 loading was sold to Glencore LON:GLEN at a premium of $7.80 $7.90 a barrel....

Hellenic Shipping Freight News Published 2y-10mo-5d-15h-57m ago
Hellenicshippingnews

Malaysia keeps March crude palm oil export duty at 8%

Malaysia has maintained its March export tax for crude palm oil at 8% and raised its reference price, a document on the Malaysian Palm Oil Board website showed on Wednesday. The world amp 8217 s second largest palm exporter calculated a reference price of 5,277.58 ringgit $1,261.07 per tonne for ....

Hellenic Shipping Freight News Published 2y-10mo-5d-15h-57m ago
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ArcelorMittal Goonyella coking coal tender awarded to Glencore via Platts

ArcelorMittal Sourcing awarded a Goonyella Coking Coal tender to Glencore Feb. 15, at $440/mt FOB Australia, at 100.25% of Platts PLV FOB Australia QP March 2022, for 36,000 mt of Goonyella for March 1 10 laycan, on Panamax. The tender was the first cargo in the metallurgical coal market concluded b....

Hellenic Shipping Freight News Published 2y-10mo-5d-19h-57m ago
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High Brent, WTI prices lead Asian buyers to look elsewhere for crude

As paper crude oil heads towards $100 a barrel amid tensions between Russia and Ukraine, the physical markets in the top importing region of Asia are changing their mix of suppliers to reflect widening differences in how various crudes are priced. Brent crude futures LCOc1 ended at $95.85 a barrel o....

Hellenic Shipping Freight News Published 2y-10mo-5d-23h-57m ago
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Ukrainian gas capacity purchases robust despite political tension

Purchases of Ukrainian gas capacity were robust despite ongoing political tensions with Russia, the latest monthly capacity auction results from auctioneer RBP showed Feb. 14. Revenue from Russian coffers was finding its way into Ukraine, market sources said, with over a hundred thousand Russian tro....

Hellenic Shipping Freight News Published 2y-10mo-5d-23h-58m ago
Hellenicshippingnews

Algeria tenders to buy nominal 50,000 T milling wheat, traders say

Algeria amp 8217 s state grains agency OAIC has issued an international tender to buy milling wheat to be sourced from optional origins, European traders said on Monday. The tender sought a nominal 50,000 tonnes, but Algeria often buys considerably more in its tenders than the nominal volume sought....

Hellenic Shipping Freight News Published 2y-10mo-6d-11h-57m ago
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Feed to U.S. LNG export plants soars as 7th terminal loads first cargo

Supplies to U.S. liquefied natural gas export plants reached near record levels over the weekend as vessels docked for loading at all seven export terminals for the first time, according to Refinitiv. Venture Global received permission on Friday from federal energy regulators to load LNG on the firs....

Hellenic Shipping Freight News Published 2y-10mo-6d-11h-58m ago
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Japan offers to buy 54,692 tonnes food wheat via tenders

Japan amp 8217 s Ministry of Agriculture, Forestry and Fisheries MAFF is seeking to buy a total of 54,692 tonnes of food quality wheat from the United States in regular tenders that will close on Thursday. Japan, the world amp 8217 s sixth biggest wheat importer, keeps a tight grip on imports of....

Hellenic Shipping Freight News Published 2y-10mo-6d-11h-58m ago
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India’s Jan palm oil imports drop as refiners switch to soft oils

India amp 8217 s palm oil imports in January plunged 29% from a year earlier, as a rally in tropical oil prices to a record high prompted refiners to increase buying of rival soyoil and sunflower oil, a leading trade body said on Monday. Lower purchases by the world amp 8217 s top edible oil impor....

Hellenic Shipping Freight News Published 2y-10mo-6d-19h-57m ago
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Vietnam may rely more on South Korean oil products amid fragile refining capacity

Nghi Son refinery amp 8217 s financial strain and lingering uncertainty about its overall 2022 operation outlook could significantly hamper Vietnam amp 8217 s ambition to become fully self sufficient in oil products, with South Korean refiners aiming to take advantage of the country amp 8217 s fr....

Hellenic Shipping Freight News Published 2y-10mo-6d-19h-58m ago
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Argentina mulling grains export tax hike: gov’t official

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-7mo-3w-5d-12h-58m ago
Hellenicshippingnews

Egypt’s GASC seeks wheat for Aug. 11-20 shipment

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-7mo-3w-5d-12h-58m ago
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As nuclear talks make progress, Iran crude oil exports stay above 2020 rates in April

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-4w-12h-57m ago
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China’s Q1 recycled steel raw material imports reach 55,389 mt

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-4w-12h-57m ago
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US corn net export sales rise while shipments decline: USDA

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-4w-12h-58m ago
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Russian exporters bet on new crop wheat sales despite tax risks

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-4w-1d-58m ago
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Canada exports to US on Great Lakes likely to average 10-year high this summer

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-4w-1d-12h-58m ago
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Germany’s January/February oil imports drop by a fifth year on year

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-4w-1d-12h-58m ago
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S Korea’s March US crude imports surpass 10 mil barrels as Middle East OSPs rise

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-4w-1d-12h-58m ago
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Jordan makes no purchase in 120,000 tonne barley tender – trade

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-4w-1d-12h-58m ago
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U.S. oil imports, exports down last week: EIA

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-4w-1d-16h-57m ago
Hellenicshippingnews

China’s March gasoil exports hit 1-year high as refiners draw down excess inventory

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-4w-1d-20h-57m ago
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China interested in more gas supplies from Russia, says Gazprom

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-8mo-16h-57m ago
Hellenicshippingnews

France set to import large cargo of Romanian wheat

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-8mo-20h-57m ago
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China’s record first quarter fuels strong expansion in 2021

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-8mo-1d-58m ago
Hellenicshippingnews

NDRC: China’s bulk commodity prices to stabilize

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-8mo-1d-58m ago
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Libya’s NOC declares force majeure on Marsa el-Hariga exports amid budget crisis

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-8mo-1d-12h-57m ago
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Iraq awards Sinopec contract to develop Mansuriyah gas field

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-8mo-1d-12h-57m ago
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EU 2020/21 soft wheat exports 21.34 million tonnes by April 18

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-8mo-1d-12h-58m ago
Hellenicshippingnews

China’s metal imports from Myanmar show trade contortions amid post-coup protest

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-8mo-1d-12h-58m ago
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Russia’s Rosneft offers 90,000 t of May CPC Blend in a rare tender – traders

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-8mo-1d-20h-57m ago
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Canada’s Ridley Terminals coal exports total 668,163 mt in March, down 41.4% on year: port

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-8mo-1d-20h-57m ago
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US DATA: Corn inspections for export down 12% on week, up 108% on year

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-8mo-1d-20h-57m ago
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Saudi crude exports drop to eight-month low in February

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-8mo-2d-58m ago
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France to attract more LNG from the US amid tight PEG/EAX spread

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-8mo-2d-58m ago
Hellenicshippingnews

Steel exports from Turkey’s southern Mediterranean Sea increase 106 percent

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-8mo-2d-12h-57m ago
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Ukraine wheat export prices start to rise over the past week

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-8mo-2d-12h-58m ago
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China sells 410,700 tonnes of wheat at auction of state reserves – trade centre

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-8mo-2d-12h-58m ago
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China’s March diesel exports hover near record on high stocks

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-8mo-3d-57m ago
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Trade Review: Global steel imbalances present export opportunities in Q2

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-8mo-3d-58m ago
Hellenicshippingnews

US reliance on Russian oil hits record high despite souring ties

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-8mo-3d-12h-57m ago
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China’s 2021 fuel exports to surge 32% as refining capacity swells- CNPC research

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-8mo-3d-12h-58m ago
Hellenicshippingnews

German gas imports fall 5.7% in first two months of 2021, bill up 2.6%

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-8mo-5d-12h-57m ago
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New Fortress Energy Signs 15 Year Contract To Supply Natural Gas To Norsk Hydro’s Brazil Refinery

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-8mo-5d-12h-57m ago
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China to increase oil product exports by 31.7% on year in 2021: ETRI

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-8mo-5d-12h-57m ago
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China’s 2021 net crude imports to rise 3.4%, fuel exports by 32%- CNPC research

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-8mo-5d-16h-57m ago
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Asia Grains-Indonesia buys up to 120,000 T of Black Sea wheat for June shipment

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-8mo-5d-16h-57m ago
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US corn net export sales, shipments down: USDA

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-8mo-5d-20h-57m ago
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Strategie Grains raises EU 2020/21 wheat export forecast

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-8mo-5d-20h-57m ago
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Weekly US crude exports fall on week, four-week moving-average supported

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-8mo-6d-58m ago
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Pavilion Energy Imports Singapore’s First Carbon Neutral LNG Cargo

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-8mo-6d-12h-57m ago
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Philippines tenders for around 380,000 tonnes of wheat – trade

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-8mo-6d-12h-58m ago
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BPCL to cut crude imports from West Asia to 50% from 65%

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-8mo-6d-20h-57m ago
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China March copper imports rise 25% from year ago on firm demand

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-8mo-6d-20h-57m ago
Hellenicshippingnews

Malaysia replaces Indonesia as largest palm oil seller to India

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-8mo-6d-20h-57m ago
Hellenicshippingnews

West Africa crude-sales stay slow on tepid demand, competition

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-8mo-1w-57m ago
Hellenicshippingnews

China’s Iranian oil buying spree crushes demand for Brazil, Angola crude

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-8mo-1w-57m ago
Hellenicshippingnews

Russia aims to boost oil exports before reaching output peak in 2027-2029

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-8mo-1w-58m ago
Hellenicshippingnews

Iran’s annual iron ore concentrate output nears 50mn tons

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-8mo-1w-12h-57m ago
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Suez Canal closure highlights Asia’s growing dependence on Eastward oil flows

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-8mo-1w-12h-57m ago
Hellenicshippingnews

India’s March palm oil imports up 57% year on year, says trade body

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-8mo-1w-12h-58m ago
Hellenicshippingnews

Ukraine grain exports down 23.7% so far in 2020/21 season

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-8mo-1w-12h-58m ago
Hellenicshippingnews

Britain’s wheat imports set season low in February

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-8mo-1w-12h-58m ago
Hellenicshippingnews

Canadian crude imports fall 20% in 2020 due to COVID-19 pandemic

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-8mo-1w-16h-57m ago
Hellenicshippingnews

Thailand’s higher April fuel oil exports add to well-supplied regional market

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-8mo-1w-20h-57m ago
Hellenicshippingnews

India becomes largest buyer of US crude in first quarter of 2021

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-8mo-1w-20h-57m ago
Hellenicshippingnews

CPC Blend crude oil exports to rise slightly in May -schedule

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-8mo-1w-1d-12h-57m ago
Hellenicshippingnews

China’s crude imports jump 21% yoy on robust demand, maintenance season looms

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-8mo-1w-1d-12h-57m ago
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Grains cooperative CBH Group declares force majeure after Apr 11 cyclone Seroja

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-8mo-1w-1d-12h-57m ago
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Brazil coffee exports fall 2.7% in March to 3.06 mln bags -report

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-8mo-1w-1d-12h-58m ago
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India exports 2.49 mn tonne of sugar so far, maximum to Indonesia: AISTA

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-8mo-1w-1d-12h-58m ago
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Covid-19 pushed steel exports to record high in FY21: SteelMint data

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-8mo-1w-1d-12h-58m ago
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ADNOC accepts May loading term LPG nominations with some delays: sources

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-8mo-1w-1d-20h-58m ago
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Saudi Arabia meets May crude supply for most Asian buyers – sources

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-8mo-1w-2d-57m ago
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Malaysian 10 ppm sulfur gasoil imports to remain elevated amid shortfall: sources

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-8mo-1w-2d-12h-57m ago
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Russia ready to supply LNG to fuel-hungry Pakistan

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-8mo-1w-2d-20h-57m ago
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US February methanol imports fall 18.5% as severe freeze crimps demand

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-8mo-1w-5d-12h-57m ago
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Brazil’s Copagaz launches cooking gas imports from Argentina’s TGS

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-8mo-1w-5d-12h-58m ago
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U.S. LNG exports set to fall to six-week low on Corpus Christi maintenance

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-8mo-1w-5d-12h-58m ago
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US corn export shipments up 4% on week, 6% from prior four-week average: USDA

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-8mo-1w-5d-20h-57m ago
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UKRAINE GRAIN EXPORTS UNAFFECTED BY BORDER TENSIONS, SAY TRADERS

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-8mo-1w-5d-20h-57m ago
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Unipec buys over 40 LNG cargoes in strip tender for June 2021-Feb 2022: sources

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-8mo-1w-6d-58m ago
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S Korean gasoline producers may find exports more profitable than domestic sales in Q2

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-8mo-1w-6d-12h-58m ago
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China launches probe into stainless steel imports from EU, Japan, S.Korea, Indonesia

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-8mo-1w-6d-16h-57m ago
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EU 2020/21 soft wheat exports 20.26mln tonnes by April 4

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-8mo-1w-6d-20h-57m ago
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Tunisia tenders to buy 75,000 tonnes soft wheat- trade

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-8mo-1w-6d-20h-57m ago
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More crude to China helped Venezuela maintain exports in March -data

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-8mo-2w-12h-58m ago
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Colombian February coal exports jump to 13-month high: DANE

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-8mo-2w-12h-58m ago
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Both U.S. imports and exports of several transportation fuels fell in 2020

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-8mo-2w-12h-58m ago
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Indian refiners deepen cuts to Saudi oil purchases in May – sources

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-8mo-2w-1d-57m ago
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Russian gas exports to Europe surge 30% in 2021 as harsh winter forces foreign consumers to boost energy purchases

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-8mo-2w-1d-58m ago
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China’s PDH plants remain reliant on LPG imports despite rise in domestic output

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-8mo-2w-1d-58m ago
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Sri Lanka bans palm oil imports, tells producers to uproot plantations

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-8mo-2w-1d-12h-57m ago
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Bakken flows on Northern Border dip as Western Canada takes greater share

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-8mo-2w-1d-12h-58m ago
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Saudi Arabia to import 295k tons of wheat

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-8mo-2w-1d-12h-58m ago
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Jordan postpones tender to buy 120,000 tonnes feed barley – trade

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-8mo-2w-1d-12h-58m ago
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Indian Oil Corp buys its first Johan Sverdrup crude cargoes – sources

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-8mo-2w-1d-20h-57m ago
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CHINA SELLS 1.588 MLN TONNES OF WHEAT AT AUCTION OF STATE RESERVES

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-8mo-2w-1d-20h-57m ago
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IRAQ DATA: March oil exports drop 0.8% amid signs of tighter OPEC+ compliance

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-8mo-2w-2d-58m ago
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WAF crude exporters in quandary amid fading Chinese demand

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-8mo-2w-2d-58m ago
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Across China: Freight train service prospers amid enhanced Sino-Italian trade ties

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-8mo-2w-2d-12h-57m ago
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Chinese refiners weigh between Iraqi Basrah Medium crude’s price discount, quality issues

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-8mo-2w-2d-12h-58m ago
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Transneft expects to ship 8.5 mil b/d of Russian oil in April

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-8mo-2w-2d-12h-58m ago
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U.S. LNG export bonanza reshapes energy map in Asia

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-8mo-2w-2d-12h-58m ago
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Atlantic LNG MOC sees record volume of 57 bids/offers in March

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....

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S.Korea’s March crude oil imports down 16.5% y/y – preliminary data

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-8mo-2w-6d-12h-57m ago
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Algeria buys about 500,000 tonnes milling wheat in tender -traders

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-8mo-2w-6d-12h-58m ago
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Saudi Arabia’s SAGO seeks 295,000 tonnes of wheat in tender

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-8mo-2w-6d-12h-58m ago
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U.S. oil imports, exports up last week: EIA

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-8mo-2w-6d-12h-58m ago
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Japan imported 18.742 million barrels of crude oil from UAE in February

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-8mo-2w-6d-16h-58m ago
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Russia’s oil exports from Novorossiisk port revised up for April as Rosneft adds extra cargo- traders

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-8mo-3w-58m ago
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Suez Canal reopening eases worries on Asian chemical shipment delays

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-8mo-3w-58m ago
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China’s ENN seeks LNG in 10-year purchase tender, first supply in 2022

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-8mo-3w-12h-57m ago
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Ukraine wheat export prices fall to 5-month lows

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....

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Jordan buys 60,000 tonnes of barley in tender, traders say

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-8mo-3w-12h-58m ago
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Traders book US-to-Asia naphtha shipments amid slim arbitrage opportunities

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-8mo-3w-20h-57m ago
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EU 2020/21 soft wheat exports 19.79mln tonnes by March 28

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-8mo-3w-20h-57m ago
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U.S. gas industry increasingly relies on LNG exports

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-8mo-3w-1d-58m ago
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S Korea may rekindle US crude appetite amid high Middle East prices, fuel demand recovery

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-8mo-3w-1d-58m ago
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Ukraine 2020/21 wheat exports will not reach 17.5 mln T -deputy minister

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....

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Stellar rise in US crude inflows a sign India is spoilt for choice: Pradhan

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-8mo-3w-1d-20h-57m ago
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Humble aluminium can shows a circular economy won’t be easy

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-8mo-3w-1d-20h-58m ago
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China set to dominate refined oil exports in Asia-Pacific region

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-8mo-3w-2d-58m ago
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Suez Canal logjam barely impacts Russian Urals exports, says energy ministry

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-8mo-3w-2d-58m ago
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LNG imports push Australia’s projected gas supply gap out to 2026

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....

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China sells 1,030,397 tonnes of wheat at auction of state reserves

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-8mo-3w-2d-12h-58m ago
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Iran seeks to boost oil exports to China with bilateral agreement

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-8mo-3w-2d-12h-58m ago
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Suez Canal crisis: UAE’s oil exports won’t be impacted, analysts say

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-8mo-3w-2d-16h-57m ago
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South Korea expects delay in CPC Blend crude arrivals amid Suez Canal congestion

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-8mo-3w-2d-20h-58m ago
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Demand for Russia’s Urals oil may grow as Suez Canal is blocked, reports Vortexa

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-8mo-3w-3d-58m ago
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LPG trade sees little impact from Suez Canal blockage

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-8mo-3w-3d-58m ago
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China’s light cycle oil imports likely to rally on higher tax risk ahead

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-8mo-3w-3d-12h-58m ago
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Supply overhang may slow Australia’s crude exports revival from 11-month lows

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-8mo-3w-3d-12h-58m ago
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Ukraine Grain Exports Down 22.7% So Far In 2020/21 Season

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....

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US in 2020 renewed 10-year record for oil import from Russia

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-8mo-3w-3d-16h-57m ago
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Africa can play central role in India’s oil diversification, says minister

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-8mo-3w-3d-16h-58m ago
Hellenicshippingnews

Sembcorp Appointed as Term Liquified Natural Gas Importer for Singapore

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-8mo-3w-5d-11h-58m ago
Hellenicshippingnews

South Korea’s NOFI said to buy 131,000 tonnes of feed wheat

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-8mo-3w-5d-11h-58m ago
Hellenicshippingnews

Argentine farmers have sold 12.45 mln tonnes of 2020/21 soybeans

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-8mo-3w-5d-11h-58m ago
Hellenicshippingnews

India calls Saudi advice on tapping stored oil ‘undiplomatic’

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-8mo-3w-5d-15h-58m ago
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Key Australian coal rail line to Newcastle fully reopens following floods

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-8mo-3w-5d-15h-58m ago
Hellenicshippingnews

Croatia receives third LNG cargo aboard vessel from US: cFlow

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-8mo-3w-5d-19h-57m ago
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UAE’s ADNOC plans to cut June-loading crude oil supplies to Asia -sources

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-8mo-3w-5d-19h-58m ago
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S Korean feed buyers switch from corn to feed wheat as negative spread widens

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-8mo-3w-5d-19h-58m ago
Hellenicshippingnews

Singapore appoints two more term LNG importers

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-8mo-3w-6d-11h-57m ago
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Iraq’s SOMO awards fuel oil supply contracts to Chevron, Reliance

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-8mo-3w-6d-11h-58m ago
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Sinopec Signs Long-term Liquefied Natural Gas Deal of 2 Million Tons per Annum with Qatar Petroleum

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-8mo-3w-6d-11h-58m ago
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Australia flooding tightens regional thermal coal supply, supports prices

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-4w-19h-58m ago
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EU soybean meal imports continue to fall amid tight S American supplies: sources

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-4w-23h-58m ago
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Cheaper iron ore squeezes trade bubble with Australia

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-4w-23h-58m ago
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Malaysia’s biodiesel exports in 2021 seen falling to four-year low

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-4w-1d-11h-57m ago
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Annova LNG discontinuing US export project: operator

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-4w-1d-11h-57m ago
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Saudi’s April allocation cuts to Asia within expectations; refiners seek alternate supply

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-4w-1d-11h-58m ago
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USDA attache sees Egypt’s 2021/22 wheat imports rising to 13.2 mln tonnes

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-4w-1d-15h-57m ago
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Russian Feb fuel oil exports down 2.9% on year at 2.72 mil mt

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-4w-1d-19h-57m ago
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QP inks first long term LNG supply deal with Sinopec for China

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-4w-1d-19h-57m ago
Hellenicshippingnews

China’s crude imports from Oman, UAE jump as Iranian barrels fall

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-4w-1d-23h-58m ago
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India’s crude imports fall in February as demand slows, new virus wave looms

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-4w-1d-23h-58m ago
Hellenicshippingnews

Brazilian Grade B cargoes pricier in 2021

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-4w-1d-23h-58m ago
Hellenicshippingnews

Russian wheat export prices down amid weak demand, global benchmarks

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-4w-1d-23h-58m ago
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China seen importing record volumes of North Sea crude in March

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-4w-2d-11h-57m ago
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Ukraine grain exports down 23.4% so far in 2020/21 season

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-4w-2d-11h-58m ago
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China-Central Asia freight train flagged off

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-4w-2d-11h-58m ago
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U.S. LNG exports in EIA’s AEO2021 side cases vary with crude oil, natural gas prices

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-4w-2d-11h-58m ago
Hellenicshippingnews

Vietnam’s Dung Quat to test Indonesian Minas crude in hunt for new feedstocks

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-4w-2d-11h-58m ago
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India’s MRPL buys Brazilian Tupi crude for first time – sources

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-4w-2d-15h-57m ago
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India looking for other sources of crude oil supply: Nirmala Sitharaman

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-4w-2d-15h-57m ago
Hellenicshippingnews

LNG volumes to France set to increase at start of summer

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-4w-2d-19h-57m ago
Hellenicshippingnews

US pips Saudi Arabia as second largest exporter of crude oil to India

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-4w-2d-19h-57m ago
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US LNG to favour Europe over Asia amid low shipping costs

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-4w-2d-23h-57m ago
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Argentina buying LNG cargoes from BP, preparing for the coming winter

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-4w-2d-23h-57m ago
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U.S. LNG exports on track to hit record high in March

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-9mo-11h-57m ago
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Strategie Grains cuts EU wheat export forecast as demand wanes

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-9mo-11h-58m ago
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China’s Jan-Feb copper, tin ore imports from Myanmar fall amid unrest

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-9mo-11h-58m ago
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Ukraine grain exports down 22.7% so far in 2020/21 season

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-9mo-11h-58m ago
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Strike in Peru causes shipment delays to copper concentrate: sources

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-9mo-15h-57m ago
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Tunisia buys soft wheat, durum wheat and feed barley in tender – trade

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-9mo-2d-11h-57m ago
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Strike in Peru causes shipment delays to copper concentrate: sources

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-9mo-2d-11h-57m ago
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Wheat imports ‘recipe for disaster’, says Qamar

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-9mo-2d-11h-58m ago
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Myanmar unrest saps oil product imports, analysts say

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-9mo-2d-11h-58m ago
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How is OPEC agreement to maintain low oil production affecting India’s imports?

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-9mo-2d-11h-58m ago
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Russia’s crude oil export set to drop 3pc in Q2 vs Q1

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-9mo-2d-11h-58m ago
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US corn export shipments up 38% on week at 2.199 mil mt, a marketing-year high: USDA

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-9mo-2d-15h-57m ago
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Venezuelan farmers seek permission to import diesel amid shortages

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-9mo-2d-15h-57m ago
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U.S. oil imports, exports down last week: EIA

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-9mo-2d-19h-57m ago
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SAUDI DATA: Crude exports rise again as Saudi Arabia draws on inventories

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-9mo-2d-23h-58m ago
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China’s Jan-Feb gasoline exports jump 30% year-on-year

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-9mo-2d-23h-58m ago
Hellenicshippingnews

US crude’s maiden sprint past Saudi makes it India’s flavor of the month

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-9mo-2d-23h-58m ago
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Poland’s PKN takes reduced supply in Rosneft oil import deal

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-9mo-3d-11h-57m ago
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First Europe-origin recycled steel cargo loads for China under new import rules

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-9mo-3d-11h-58m ago
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Louisiana Calcasieu Pass LNG terminal could ship first cargo in late 2021: Venture Global

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-9mo-3d-11h-58m ago
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Ukraine wheat export prices lose $10 a tonne so far this week

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-9mo-3d-11h-58m ago
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FIMI raises concern over iron ore imports into Karnataka

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-9mo-3d-11h-58m ago
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Asian gasoline suppliers lift Middle East exports as East-West spread falls: sources

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-9mo-3d-23h-58m ago
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Weak Chinese demand drives rare flow of Russian ESPO oil to U.S. -sources

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-9mo-4d-11h-57m ago
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Tunisia tenders to buy durum, soft wheat and barley- trade

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-9mo-4d-11h-58m ago
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Malaysia maintains April crude palm oil export duty at 8%

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-9mo-4d-11h-58m ago
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Asia too alluring for Middle East oil producers to drop the ball on hydrogen

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-9mo-4d-19h-57m ago
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Indian state refiners prepare to cut May Saudi oil imports – sources

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-9mo-4d-23h-57m ago
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Cheaper steel imports find their way into Europe, but buyers still cautious: sources

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-9mo-4d-23h-58m ago
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Asia’s fuel exporters target sales bump as refineries shut Down Under

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-9mo-5d-11h-57m ago
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India: Steel firms may find it tough to export next fiscal as domestic demand increases

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-9mo-5d-11h-57m ago
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Bangladesh issues tender to buy 50,000 tonnes of rice – trade

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-9mo-5d-11h-57m ago
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Gazprom says natural gas export to non-CIS countries up 28.3%

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-9mo-5d-11h-58m ago
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Drone strikes attempt to disrupt Saudi oil exports

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-9mo-5d-11h-58m ago
Hellenicshippingnews

Pakistan’s fuel oil exports to fall as peak summer season approaches: analysts

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-9mo-5d-19h-57m ago
Hellenicshippingnews

China’s Copper Imports Likely To Rise, May Not Be Bullish Signal

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-9mo-5d-23h-58m ago
Hellenicshippingnews

Asia became the main export destination for growing U.S. LNG exports in 2020

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-9mo-5d-23h-58m ago
Hellenicshippingnews

Australia’s Woodside, Trafigura trade world’s first carbon offset condensate cargo

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-9mo-5d-23h-58m ago
Hellenicshippingnews

U.S. becomes India’s second biggest oil supplier, Saudi plunges to No. 4

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-9mo-6d-11h-57m ago
Hellenicshippingnews

Ukraine grain exports down 23% so far in 2020/21 season

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-9mo-6d-11h-57m ago
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China sells 2.3 mln tonnes of wheat from state reserves – trade centre

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-9mo-6d-11h-58m ago
Hellenicshippingnews

Price spreads support higher Canadian gas exports to US this injection season

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-9mo-1w-11h-58m ago
Hellenicshippingnews

India: Edible oil imports down 27% in February

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-9mo-1w-11h-58m ago
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India’s palm oil imports drop 27% in Feb: SEA

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-9mo-1w-11h-58m ago
Hellenicshippingnews

Iranian oil exports to China expected to hit record high in March

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-9mo-1w-15h-57m ago
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Saudi cuts April crude for some Asian refiners, maintains India supply -sources

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-9mo-1w-2d-11h-57m ago
Hellenicshippingnews

US Q1 thermal coal exports forecast to be 8 mil mt, downside risk remains

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-9mo-1w-2d-11h-58m ago
Hellenicshippingnews

Qatar resumes condensate exports to UAE after blockade lifted, data shows

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-9mo-1w-2d-11h-58m ago
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Tight global supplies to continue driving India’s maize exports till May

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-9mo-1w-2d-19h-57m ago
Hellenicshippingnews

Annual U.S. coal exports drop 26% between 2019 and 2020

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-9mo-1w-3d-11h-58m ago
Hellenicshippingnews

Ukraine grain exports down 21.5% so far in 2020/21 season

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-9mo-1w-3d-11h-58m ago
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Algeria bought 450,000T to 510,000T milling wheat in tender – trade

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-9mo-1w-3d-11h-58m ago
Hellenicshippingnews

China’s ferrous scrap imports could reach 5 mil mt in 2022 in wake of ban lifting: ZMMC trader

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-9mo-1w-3d-19h-57m ago
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Myanmar Fuel Imports Plunge In Feb As Protests Disrupt Trade – Sources

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-9mo-1w-3d-19h-57m ago
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Despite pledged cut, Saudi Feb oil exports post only small drop -trackers

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-9mo-1w-4d-11h-57m ago
Hellenicshippingnews

India’s Wish To Diversify Crude Oil Suppliers Maybe Hard To Grant

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-9mo-1w-4d-11h-57m ago
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Oman’s crude oil exports to China decreases slightly

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-9mo-1w-4d-15h-57m ago
Hellenicshippingnews

India’s palm oil imports may rise to meet rising demand as stocks deplete

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-9mo-1w-4d-19h-57m ago
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Strict implementation of environmental controls in Tangshan paralyzes iron ore procurement

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-9mo-1w-4d-19h-57m ago
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U.S. corn shipments already flirting with all-time highs

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-9mo-1w-4d-19h-58m ago
Hellenicshippingnews

Asian refiners hopeful for Iranian crude, condensate trade resumption under Biden administration

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-9mo-1w-4d-23h-58m ago
Hellenicshippingnews

India asks refiners to diversify, cut reliance on Middle East oil after OPEC+ decision

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-9mo-1w-5d-11h-58m ago
Hellenicshippingnews

Indonesia LPG imports to fall sharply by 2025 as coal gasification ramps up

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-9mo-1w-5d-11h-58m ago
Hellenicshippingnews

US DATA: Corn inspections for export down 25% on week, up 86% on year

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-9mo-1w-5d-15h-57m ago
Hellenicshippingnews

Ghana gears up for sub-Saharan Africa’s first LNG imports

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-9mo-1w-5d-18h-58m ago
Hellenicshippingnews

Gazprom makes first delivery of carbon-neutral LNG to Europe

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-9mo-1w-5d-18h-58m ago
Hellenicshippingnews

China-Europe freight trains jump 96% in Jan-Feb, a steady pillar for BRI trade in hard times

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-9mo-1w-5d-18h-58m ago
Hellenicshippingnews

China’s Jan-Feb steel exports up 30%, imports up 17.4%

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-9mo-1w-5d-23h-58m ago
Hellenicshippingnews

Pakistan to get 450 cargoes in 10 years at 10.13pc of Brent

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-9mo-1w-5d-23h-58m ago
Hellenicshippingnews

Qatar exports condensate to UAE, first commercial energy trade since blockade ended

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-9mo-1w-6d-11h-57m ago
Hellenicshippingnews

The United States exported more propane than distillate in 2020

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-9mo-1w-6d-11h-58m ago
Hellenicshippingnews

Saudi crude exports normal following missile attacks

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-9mo-1w-6d-11h-58m ago
Hellenicshippingnews

China Jan-Feb crude oil imports climb 4% on solid fuel demand

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-9mo-1w-6d-23h-58m ago
Hellenicshippingnews

CHINA DATA: Jan-Feb crude imports rise 6% on year to 11.1 mil b/d

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-9mo-2w-11h-57m ago
Hellenicshippingnews

CHINA DATA: Jan-Feb natural gas imports soar 17.4% on year

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-9mo-2w-11h-57m ago
Hellenicshippingnews

China to raise grain purchase prices, support breeding sector

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-9mo-2w-11h-58m ago
Hellenicshippingnews

Ecuador’s Petroecuador awards 1.4 million bbl crude export tender to Shell unit

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-9mo-2w-15h-57m ago
Hellenicshippingnews

US corn net export sales on week at 115,888 mt, below market expectations

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-9mo-2w-2d-11h-57m ago
Hellenicshippingnews

Oriental Energy hives out LPG, shipping to focus on petrochemicals, hydrogen

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-9mo-2w-2d-11h-57m ago
Hellenicshippingnews

Saudi Arabia to ship gas to South Korea and take CO2 back

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-9mo-2w-2d-11h-58m ago
Hellenicshippingnews

Global coffee exports dip 3.4% in January, but rise in first four months of season: ICO

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-9mo-2w-2d-19h-57m ago
Hellenicshippingnews

China may increase steel imports to meet home demand and cut carbon emissions: experts

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-9mo-2w-2d-23h-58m ago
Hellenicshippingnews

Jordan makes no purchase in tender for 120,000 tonnes wheat –trade

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-9mo-2w-3d-11h-58m ago
Hellenicshippingnews

Exports to drive U.S. natural gas demand growth, but pipelines needed

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-9mo-2w-3d-11h-58m ago
Hellenicshippingnews

Argentina’s Vaca Muerta growth depends on LNG to Asia -PAE CEO

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-9mo-2w-3d-15h-57m ago
Hellenicshippingnews

European buyers trending toward ‘greener’ gas in contracting

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-9mo-2w-3d-19h-57m ago
Hellenicshippingnews

Brazilian shipping woes, higher supply deficit to buoy Indian sugar exports

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-9mo-2w-3d-19h-57m ago
Hellenicshippingnews

Analysis: China’s March gasoil exports could touch 11-month highs as inventory pressure builds

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-9mo-2w-3d-23h-58m ago
Hellenicshippingnews

Chinese demand recovery hopes fade for Atlantic Basin crude sellers

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-9mo-2w-3d-23h-58m ago
Hellenicshippingnews

CHINA DATA: Independents go slow on crude buying in February

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-9mo-2w-4d-11h-57m ago
Hellenicshippingnews

Gasoil loadings to Europe from Persian Gulf, India rebound in March

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-9mo-2w-4d-11h-57m ago
Hellenicshippingnews

EU steel import safeguards unlikely to extend for more than one year: WTO

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-9mo-2w-4d-11h-58m ago
Hellenicshippingnews

First 2021-22 Thai raw sugar tender result surpasses market expectations

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-9mo-2w-4d-11h-58m ago
Hellenicshippingnews

Mexico sees no need for drastic oil exports cuts as sales remain firm: PMI

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-9mo-2w-4d-15h-57m ago
Hellenicshippingnews

Vietnam may heavily rely on West African crude as domestic output falters

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-9mo-2w-4d-19h-57m ago
Hellenicshippingnews

Saudi Arabia and the UAE provide 3 quarters of Japan’s oil needs in January

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-9mo-2w-4d-23h-58m ago
Hellenicshippingnews

Ukraine has used 78.3% of season’s wheat export quota so far

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-9mo-2w-5d-11h-57m ago
Hellenicshippingnews

PipeChina to bundle LNG terminal access with long-term NOC cargo purchase: sources

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-9mo-2w-5d-11h-58m ago
Hellenicshippingnews

GAIL India issues tender to buy and sell LNG for April-May

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-9mo-2w-5d-15h-57m ago
Hellenicshippingnews

S.Korea’s Feb crude oil imports slide 14.7% y/y – preliminary data

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-9mo-2w-5d-19h-57m ago
Hellenicshippingnews

Venezuela’s oil exports rose in February pushed by larger fuel oil sales to Asia: data

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-9mo-2w-5d-23h-57m ago
Hellenicshippingnews

Iraq’s oil exports rise to 2.96 million bpd in February, says ministry

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-9mo-2w-5d-23h-58m ago
Hellenicshippingnews

Ukraine wheat, corn, barley export prices rise after severe frosts

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-9mo-2w-6d-15h-57m ago
Hellenicshippingnews

Bangladesh: Three LNG cargoes from spot market in April

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-9mo-2w-6d-15h-57m ago
Hellenicshippingnews

Iran’s oil exports to rise 6.8% in 2021 if U.S. rejoins nuclear deal: report

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-9mo-2w-6d-19h-57m ago
Hellenicshippingnews

Russia’s wheat export tax expected to deliver big pay day for Australian farmers

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-9mo-2w-6d-19h-57m ago
Hellenicshippingnews

Chinese refiners cool on crude purchases as oil futures rally

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-9mo-3w-11h-57m ago
Hellenicshippingnews

Venture Global seeks vessels to pick up LNG from Calcasieu, La. -sources

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-9mo-3w-11h-57m ago
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Ukraine grain exports down 20% so far in 2020/21 season

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-9mo-3w-2d-11h-57m ago
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As more buyers queue up for Indian rice, 2020-21 exports set to top 16 million tonnes

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-9mo-3w-2d-11h-57m ago
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Uganda coffee exports down 5% y/y in January – regulator

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-9mo-3w-2d-11h-57m ago
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Indonesia says ‘ready to fight’ EU at WTO over nickel export curbs

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-9mo-3w-2d-11h-58m ago
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CPC crude shipments may increase by 12.5% on year in 2021: official

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-9mo-3w-2d-19h-57m ago
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S KOREA DATA: Jan crude imports fall, but condensate intake rises to support medical device manufacturing

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-9mo-3w-2d-23h-58m ago
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Asia with 71% of global LNG imports to remain largest regional market: GECF

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-9mo-3w-2d-23h-58m ago
Hellenicshippingnews

Steel traders alert for China steel export rebate cuts

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-9mo-3w-2d-23h-58m ago
Hellenicshippingnews

India becomes net importer of steel in January

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-9mo-3w-3d-11h-57m ago
Hellenicshippingnews

Cheniere to tag LNG cargoes with emissions data to aid buyers’ environmental goals

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-9mo-3w-3d-11h-57m ago
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Jordan issues new tender to buy 120,000 tonnes wheat- trade

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-9mo-3w-3d-11h-58m ago
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Russia’s Novatek enters into long-term LNG deal with China’s Shenergy – sources

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-9mo-3w-3d-11h-58m ago
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Pakistan gets $1.1bn financing to import oil, LNG

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-9mo-3w-3d-11h-58m ago
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Iraq’s southern crude exports stable at 2.7 mil b/d in Feb: Basra Oil

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-9mo-3w-3d-19h-57m ago
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Saudi Grains Organization to import 660k tons of feed barley

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-9mo-3w-3d-19h-57m ago
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China’s state-run refineries, modern integrated plants embrace new Iraqi Basrah Medium crude

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-9mo-3w-3d-23h-58m ago
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‘Perfect trips’ – Venezuela ships jet fuel to Iran in exchange for gasoline, sources say

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-9mo-3w-4d-11h-58m ago
Hellenicshippingnews

Asian buyers stay cool as US LNG hit by the deep freeze

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-9mo-3w-4d-11h-58m ago
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Saudi oil export value falls nearly 30% in December – official data

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-9mo-3w-4d-11h-58m ago
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Qatar Petroleum in deal for LNG supply to Bangladesh

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-9mo-3w-4d-11h-58m ago
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US coal exports drop 7% YOY in Q4’20; China emerges among top importers

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-3w-4d-19h-57m ago
Hellenicshippingnews

Gas flows to US LNG plants recover as deep freeze ends

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-3w-4d-19h-57m ago
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India may turn to Iran, Venezuela for oil imports

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-3w-4d-23h-57m ago
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Iran oil-export rise runs out of steam in February – tracker

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-3w-5d-11h-58m ago
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Huge potential to expand US agriculture exports beyond top markets: USDA official

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-3w-5d-15h-57m ago
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Iraq not cutting oil exports to India in Feb amid Asia focus: SOMO

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-3w-5d-23h-58m ago
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Share of Canada, U.S. in India’s January oil imports surges to record high: trade

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-3w-6d-11h-57m ago
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Jordan issues new tender to buy 120,000 tonnes wheat- trade

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-3w-6d-11h-57m ago
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Pavilion Energy And Chevron Ink A LNG Supply Agreement For Singapore

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-3w-6d-11h-57m ago
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Europe to receive 1st Egyptian liquefied natural gas shipment: Ministry of Petroleum

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-3w-6d-11h-58m ago
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Iran: Oil product exports hit record high despite US sanctions

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-3w-6d-23h-58m ago
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Belarus to start oil product exports via Russia in March

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-10mo-11h-58m ago
Hellenicshippingnews

Ukraine Grain Exports Down 20.8% So Far This Season

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-10mo-11h-58m ago
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S Korean feed buyers demand feed wheat as spread with corn narrows, freight spikes

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-10mo-15h-57m ago
Hellenicshippingnews

Qatar Petroleum places lowest offer for Pakistan LNG import tender

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-10mo-15h-57m ago
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Pakistan tenders to buy 300,000 tonnes wheat- trade

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-10mo-2d-11h-58m ago
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Oman LNG offers cargo for March delivery, sources say

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-10mo-2d-15h-57m ago
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Traders rush to supply fuel to the U.S. as Texas freeze bites

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-10mo-2d-15h-57m ago
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RCEP free trade deal will have no major impact on US soybean, corn exports to China: USDA

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-10mo-2d-19h-57m ago
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Jordan buys 60,000 tonnes wheat in tender –trade

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-10mo-3d-11h-57m ago
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India imports over 85 pct of oil, 53 pct of gas in 2019-20: PM

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-10mo-3d-11h-58m ago
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LNG cargoes expected to tide Mexico over until U.S. gaslines reopen

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-10mo-3d-11h-58m ago
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US LNG exports stall on arctic blast

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-10mo-3d-11h-58m ago
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Annual U.S. liquefied natural gas exports forecast to exceed pipeline exports in 2022

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-10mo-3d-11h-58m ago
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Saudi crude exports hit eight-month peak in December 2020

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-10mo-3d-23h-58m ago
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Kuwait plans to shorten oil supply deals for some Asian buyers – sources

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-10mo-3d-23h-58m ago
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EIA forecasts the U.S. will import more petroleum than it exports in 2021 and 2022

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-10mo-4d-11h-58m ago
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EU 2020/21 soft wheat exports 16.25 million tonnes by Feb 14

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-10mo-4d-19h-58m ago
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EU likely to lower brown rice import tariff in March amid container shortages: sources

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-10mo-4d-19h-58m ago
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India’s maiden carbon-neutral crude purchase opens door for more

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-10mo-4d-23h-58m ago
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India raises base import price of crude palm oil by $32/T

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-10mo-5d-15h-57m ago
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Malaysia’s Feb 1-15 palm oil exports up 27.4% mth/mth -ITS

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-10mo-5d-19h-57m ago
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Algeria issues tender to buy milling wheat, traders say

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-10mo-5d-19h-57m ago
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Myanmar’s political woes may apply brakes to gasoline inflows

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-10mo-6d-11h-57m ago
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Iran says U.S. move to seize oil shipment is ‘act of piracy’

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-10mo-6d-11h-57m ago
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Saudi Arabia sees slump in Brazilian coffee imports, while poultry remains stable

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-10mo-6d-19h-57m ago
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India imports over 500,000 tonnes of palm oil from Malaysia in January

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-10mo-6d-19h-57m ago
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China’s 2020 refined nickel imports slump to 6-year low

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-10mo-6d-23h-57m ago
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India’s crude palm oil import surges 45% in January: Trade body

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-10mo-1w-11h-58m ago
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Troll, Sverdrup oil exports at risk if workers strike next week – Norway union

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-10mo-1w-15h-57m ago
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India’s sugar exports to drop more than 24% in 2020-21 – trade body

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-10mo-1w-2d-11h-57m ago
Hellenicshippingnews

Cheniere seeks U.S. OK to put Texas Corpus 3 LNG export train in service

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-10mo-1w-2d-11h-58m ago
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US corn net export sales down 81% on week, but beat expectations

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-10mo-1w-2d-11h-58m ago
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India’s GAIL expects to sell all its US-sourced LNG locally from 2023

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-10mo-1w-2d-19h-57m ago
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U.S. sells illicit Iranian fuel, another seized cargo on the way

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-10mo-1w-2d-23h-57m ago
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US crude exports fall on week; arbitrage to Europe under pressure

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-10mo-1w-2d-23h-57m ago
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Jordan buys 60,000 tonnes wheat in tender –trade

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-10mo-1w-3d-11h-57m ago
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Weekly US coal ship departures total 29, down 10 carriers on week: cFlow

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-10mo-1w-3d-11h-57m ago
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China lifts gasoil exports to offset inventory pressure amid weak domestic demand

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-10mo-1w-3d-11h-58m ago
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Australia’s Ichthys to ship 120 LNG, 60 condensate cargoes in 2021: Inpex

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-10mo-1w-3d-23h-57m ago
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Indian wheat seen making bigger inroads into global markets in 2020-21

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-10mo-1w-3d-23h-58m ago
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Jordan gets about 5 participants in 120,000 tonne barley tender – trade

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-10mo-1w-4d-11h-57m ago
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Heating and petrochemical demand in Asia contribute to more U.S. propane exports

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-10mo-1w-4d-19h-57m ago
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US December aluminum imports drop 27% on year; Canada shipments over quota

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-10mo-1w-4d-19h-57m ago
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EU: Wheat exports reach 16.37 mil mt, corn imports seen at 3.4 mil mt

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-10mo-1w-4d-19h-57m ago
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Asia, led by China, can absorb return of Iranian LPG to world markets

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-10mo-1w-4d-23h-58m ago
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Indonesia’s Pertamina 2021 crude oil imports seen up 50.4% y/y

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-10mo-1w-5d-15h-58m ago
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Daily Azeri BTC oil exports from Ceyhan set to decline 6.5% in March vs February

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-10mo-1w-5d-15h-58m ago
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Buyers shun major Malaysian palm oil producers after forced labour allegations

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-10mo-1w-5d-19h-57m ago
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Analysis: S Korea’s appetite for US crude continues to wane as costs rise, middle distillates demand tepid

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-10mo-1w-5d-19h-58m ago
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Vitol places lowest offers for Pakistan LNG buy tender in April

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-10mo-1w-6d-19h-57m ago
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US coal exports fall to four-year low in 2020: Census

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-10mo-1w-6d-19h-57m ago
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Chinese purchases of US corn roil cash markets

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-10mo-1w-6d-23h-58m ago
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Russia risks repeating Argentina’s mistakes with grain export tax

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-10mo-1w-6d-23h-58m ago
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LNG buyers mull tactical changes to procurement plans after winter disruptions

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-10mo-2w-11h-58m ago
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Iran biggest gasoline exporter in OPEC: Dep. oil minister

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-10mo-2w-11h-58m ago
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Iran’s steel, mineral exports to China top $1.2bn in 9 months

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-10mo-2w-11h-58m ago
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US DATA: December ethanol exports fall 24% on year to 423.02 million liters

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-10mo-2w-11h-58m ago
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French Soft Wheat Shipments Outside EU Fall Again In January

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-10mo-2w-15h-57m ago
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NuStar bullish on returning volumes and Corpus Christi crude exports

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-10mo-2w-2d-11h-57m ago
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Jordan issues new tender to buy 120,000 tonnes wheat- trade

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-10mo-2w-2d-11h-57m ago
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S Korean buyers out for corn purchases first time in 2021 as new supply emerges

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-10mo-2w-2d-11h-58m ago
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BTC exports 27.8m tons of crude oil in 2020

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-10mo-2w-2d-11h-58m ago
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U.S. court upholds Trump’s national security tariffs on steel imports

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-10mo-2w-2d-11h-58m ago
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Pakistan State Oil seeks spot LNG in first potential purchase in 3 years -sources

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-10mo-2w-2d-11h-58m ago
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US corn net export sales reach record high on firm Chinese buying

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-10mo-2w-2d-15h-57m ago
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Petroecuador says Unipec America wins Oriente crude tender

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-10mo-2w-2d-15h-57m ago
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Polish gas firm PGNiG’s 2020 LNG imports rise 10%

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-10mo-2w-2d-15h-57m ago
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Indian refiners would buy Iranian oil if sanctions eased- HPCL chief

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-10mo-2w-2d-19h-57m ago
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U.S. oil imports, exports up last week: EIA

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-10mo-2w-2d-19h-57m ago
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Coking coal price rally to continue while China curbs Australian coal import – Mitsubishi CFO

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-10mo-2w-2d-23h-58m ago
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CHINA DATA: Independent refineries’ Jan crude imports jump 35% from Dec to 18.16 mil mt

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-10mo-2w-3d-11h-57m ago
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Iraq exports 891,000 b/d of new crude grade Basrah Medium in Jan: SOMO sources

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-10mo-2w-3d-11h-58m ago
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Favorable spread may encourage further US LNG cargoes to Europe in H2 February

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-10mo-2w-3d-19h-57m ago
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Up to 11 Feb-loading US LPG cargoes to Asia canceled as arbitrage closes, fog disrupts ships

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-10mo-2w-3d-23h-58m ago
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Limited refining expansion, high prices cloud China’s 2021 crude import outlook

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-10mo-2w-3d-23h-58m ago
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Jordan says it imports Iraqi oil at discount

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-10mo-2w-4d-11h-57m ago
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China was top importer of US LNG cargoes in January amid Platts JKM run-up

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-10mo-2w-4d-11h-57m ago
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US Hampton Roads coal exports fall to 4-year low in 2020

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-10mo-2w-4d-11h-58m ago
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French wheat offered lowest at Egypt’s GASC tender

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-10mo-2w-4d-11h-58m ago
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India’s tax increase on crude palm oil imports could reduce shipments

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%....

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Venezuela’s PDVSA boosts oil exports in Jan due to new clients -data

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-10mo-2w-4d-19h-57m ago
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S African manganese ore miners Assore, UMK declare force majeure

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-10mo-2w-5d-11h-57m ago
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Egypt’s GASC seeking wheat in tender for shipment March 15-30

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-10mo-2w-5d-11h-58m ago
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Russian wheat export prices down due to rising domestic supply

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-10mo-2w-5d-15h-57m ago
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IRAQ DATA: Jan federal oil exports rise 0.8% on month, indicate slight OPEC+ quota noncompliance

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-10mo-2w-5d-23h-58m ago
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Regional sugar buying extends support for Thai HiPol cash premiums

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-10mo-2w-6d-11h-57m ago
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European naphtha bullish entering February on support from US gasoline imports

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-10mo-2w-6d-19h-57m ago
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India could unveil plan to boost oilseeds output, cut veg oil imports – sources

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....

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Russia May Impose Formula-Based Export Tax For Wheat From June 1 – Two Sources

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....

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Asia’s crude oil imports surge in January, and it’s more than just China

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-10mo-3w-11h-57m ago
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Venezuela’s PDVSA seeks to export oil offloaded from floating facility -sources

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-10mo-3w-15h-57m ago
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Iran’s oil exports rising in Jan. despite sanctions: trackers

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-10mo-3w-15h-57m ago
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Jordan issues new tender to buy 120,000 tonnes wheat- trade

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....

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Japan’s ferrous scrap exports hit 11-year high in 2020

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-10mo-3w-2d-11h-57m ago
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Russia to slash oil exports to curb rising domestic fuel prices – report

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....

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Japan’s 2020 steel exports fall 5% to 32.14 mil mt as pandemic dents demand

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-10mo-3w-2d-11h-57m ago
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Algeria bought about 630,000T to 660,000T wheat in tender -trade

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-10mo-3w-2d-11h-58m ago
Hellenicshippingnews

US’ Occidental supplies first cargo of ‘carbon-neutral crude’ to India’s Reliance

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-10mo-3w-2d-11h-58m ago
Hellenicshippingnews

South Africa to grow more reliant on fuel imports as refinery closures loom: SAPIA

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-10mo-3w-2d-11h-58m ago
Hellenicshippingnews

Ukraine’s grain exports down nearly 20% this season

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-10mo-3w-2d-15h-57m ago
Hellenicshippingnews

Jordan buys 60,000 tonnes wheat in tender –trade

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-10mo-3w-3d-11h-57m ago
Hellenicshippingnews

US crude exports jump despite Europe, Asia arbitrage pressure

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-10mo-3w-3d-11h-58m ago
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China bought about 200 mln gallons of U.S. ethanol for H1 2021 -ADM

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-10mo-3w-3d-19h-58m ago
Hellenicshippingnews

Indian Oil buys cargo for late Feb-March delivery, seeks more

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-10mo-3w-3d-19h-58m ago
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Cold spell drives Japan LPG imports until Feb to meet city gas supply for heating

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-10mo-3w-3d-23h-58m ago
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USGC middle distillate exports to Europe in Feb at 110,000 mt: cflow

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-10mo-3w-4d-11h-58m ago
Hellenicshippingnews

India’s December crude oil imports jump to 2-year high

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-10mo-3w-5d-11h-57m ago
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CHOPS set to resume crude flows to onshore Texas on Feb. 1

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-10mo-3w-5d-11h-58m ago
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Egyptian LNG exports remain strong as Damietta LNG prepares to restart

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-10mo-3w-5d-15h-58m ago
Hellenicshippingnews

Fresh blow for Libya’s oil revival, as militia threatens to stop crude exports at three ports

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-10mo-3w-6d-11h-57m ago
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Thailand’s slower sugar canecrushing pace to reduce spotsupply, support premiums in Q1

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-10mo-3w-6d-11h-58m ago
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Norway gas field outages cut export capacity

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-10mo-3w-6d-11h-58m ago
Hellenicshippingnews

Bangladesh aiming to boost LNG imports by a third in 2021 via spot purchases: official

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-10mo-3w-6d-19h-57m ago
Hellenicshippingnews

Indonesia may cut reliance on LPG imports by 2030 on dimethyl ether output plans

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-10mo-3w-6d-19h-57m ago
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Russia becomes second largest oil exporter to China in 2020

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-10mo-3w-6d-23h-57m ago
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Chinese Steelmakers Eager To Import Ferrous Scrap As Seaborne Prices Fall

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-10mo-3w-6d-23h-57m ago
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Robust US LNG export activity moderates temporarily amid Gulf Coast fog

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-10mo-3w-6d-23h-57m ago
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CHINA DATA: Australia is China’s fourth highest gasoline export destination in December

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-10mo-4w-11h-57m ago
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Iraq cuts crude oil supplies for most Indian refiners in 2021 – sources

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-10mo-4w-11h-57m ago
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Even without Keystone XL, U.S. set for record Canadian oil imports

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-10mo-4w-11h-58m ago
Hellenicshippingnews

Japan’s energy imports fall to multi-year lows in pandemic year

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-10mo-4w-11h-58m ago
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Record high Canadian gas exports to US Pacific Northwest weaken regional hubs

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-10mo-4w-11h-58m ago
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U.S. oil imports, exports down last week: EIA

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-10mo-4w-15h-57m ago
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ExxonMobil lifts force majeure on Nigerian Qua Iboe crude exports as production returns

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-10mo-4w-15h-57m ago
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Jordan issues new tender to buy 120,000 tonnes wheat- trade

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-4w-2d-11h-57m ago
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Buyers of U.S. LNG expected to cancel up to five cargoes for March -traders

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-4w-2d-11h-57m ago
Hellenicshippingnews

Russian oil exports from Western ports to rise 15% in February 1-10 – schedule

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-4w-2d-11h-58m ago
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Algeria bought about 390,000 tonnes wheat in tender on Wednesday -trade

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-4w-2d-11h-58m ago
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Iran’s oil exports rise ‘significantly’ despite sanctions, minister says

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-4w-2d-11h-58m ago
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SAGO issues tender to buy 480,000 tons of wheat

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-4w-2d-11h-58m ago
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Nigerian Qua Iboe exports to resume as production returns: sources

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-4w-2d-11h-58m ago
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Tunisia tenders to buy durum, soft wheat and barley- trade

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-4w-2d-11h-58m ago
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Container shortage acts as dampener for India’s sugar exports

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-4w-2d-15h-57m ago
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Rosneft issues tender for Urals, CPC Blend crude oil loading in Apr-Sept 2021

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-4w-2d-19h-57m ago
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Saudi Arabia’s crude exports rise to 6.354mln bpd in November

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-4w-2d-23h-57m ago
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Iraq’s dominance over Indian crude market to be tested if Iran returns

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-4w-2d-23h-57m ago
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India’s oil imports at near three-year high in December – trade

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-4w-2d-23h-57m ago
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US LNG cargo cancellations doubtful for March: traders

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-11mo-11h-58m ago
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Jordan buys 120,000 tonnes wheat in tender –trade

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-11mo-11h-58m ago
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Europe’s Jan-loading naphtha volume to Asia falls, but US to plug shortfall

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-11mo-11h-58m ago
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Buyers reject several Libyan crude cargoes due to high mercury content: sources

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-11mo-11h-58m ago
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Japan’s 2021 crude imports seen falling 5-10% on year amid COVID-19: PAJ chief

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-11mo-11h-58m ago
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Japan buys 72,653 tonnes food wheat via tender

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-11mo-19h-57m ago
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Agro-Export Companies In Argentina Concerned By Truckers’ Protest

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-11mo-19h-57m ago
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Russian wheat export prices breach $300/mt mark, uptrend to continue: sources

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-11mo-23h-57m ago
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Saudi Arabia pips Russia to be China’s biggest oil supplier in 2020

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-11mo-1d-11h-57m ago
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Largest single shipment of ethane heads to China after loading at US export facility

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-11mo-1d-11h-57m ago
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China’s 2020 crude imports from US surge 211% to 396,000 b/d, valued at $6.28 bil

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-11mo-1d-11h-58m ago
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Pakistan LNG seeks Feb cargoes again after supplier unable to deliver

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-11mo-1d-15h-58m ago
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Traders oppose call to limit corn exports from Ukraine

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-11mo-1d-15h-58m ago
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China’s 2020 gasoline exports hit two-year low as pandemic curbs travel demand

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-11mo-1d-23h-57m ago
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East-bound naphtha to rise to about 2 mln T each in Jan, February

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-11mo-1d-23h-58m ago
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German January-November oil imports fell by 2.8%

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-11mo-2d-11h-58m ago
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US-Asia naphtha arbitrage volume hits 9-month high for January loadings

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-11mo-2d-11h-58m ago
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Ukraine’s grain exports down 18.6% so far in 2020/21 season

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-11mo-2d-11h-58m ago
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Commonwealth LNG, Gunvor aim to accelerate stalled LNG plant via fuel tenders

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-11mo-2d-15h-57m ago
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Algeria wheat tender sets February 14-28 shipment period for main suppliers -traders

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-11mo-2d-15h-57m ago
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Bangladesh to turn to Ukraine for wheat as Russia plans to raise export tax

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-11mo-2d-19h-58m ago
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South Korea Data: Dec US crude imports mark biggest drop of 67.9%

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-11mo-2d-19h-58m ago
Hellenicshippingnews

First cargo of new Nigerian crude Anyala destined for Europe: sources

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-11mo-2d-23h-58m ago
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Philippines feed wheat imports pegged at 4 million mt for 2021: DA

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-11mo-3d-15h-57m ago
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Syria says will import more fuel to cover shortfalls hit by sanctions

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-11mo-3d-15h-57m ago
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Japanese utilities hunt for oil to meet robust winter power demand amid faltering LNG stocks

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-11mo-3d-23h-57m ago
Hellenicshippingnews

Analysis: China’s gas buyers shun high-priced spot LNG despite energy shortages

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-11mo-4d-11h-57m ago
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Britain’s Wheat Imports Pick Up Pace During November

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-11mo-4d-11h-58m ago
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Kenyan’s dependence on wheat imports to continue

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-11mo-4d-11h-58m ago
Hellenicshippingnews

S Korea 2020 ferrous scrap import volumes lowest in more than 25 years

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-11mo-4d-15h-57m ago
Hellenicshippingnews

US corn net export sales jump 92% on week at 1.438 million mt, above market expectations

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-11mo-6d-11h-57m ago
Hellenicshippingnews

Nigeria’s Forcados crude exports on force majeure due to pipeline closure: Shell

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-11mo-6d-11h-58m ago
Hellenicshippingnews

Argentina’s EMESA to build hub to export crude to Chile: company

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-11mo-6d-11h-58m ago
Hellenicshippingnews

Steel export surpasses $2.1b in 9 months

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-11mo-6d-11h-58m ago
Hellenicshippingnews

German hard coal imports could fall by a fifth in 2021 – VDKi

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-11mo-6d-15h-57m ago
Hellenicshippingnews

India’s soymeal exports could more than double as prices rally

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-11mo-6d-15h-57m ago
Hellenicshippingnews

Russia May Raise Wheat Export Tax To 50 Euro/T From March 1 -Union

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-11mo-6d-15h-57m ago
Hellenicshippingnews

Brazil imports jet fuel from Northwest Europe in irregular move

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-11mo-6d-23h-58m ago
Hellenicshippingnews

Russia considers barley and corn export tax -sources

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-11mo-6d-23h-58m ago
Hellenicshippingnews

Japan’s Kyushu Electric sucks dregs out of LNG cargoes amid power crunch

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-11mo-6d-23h-58m ago
Hellenicshippingnews

China’s 2020 crude imports rise 7% to 10.9 mil b/d, Dec inflow falls to 27-month low

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-11mo-1w-11h-57m ago
Hellenicshippingnews

US crude exports fall on week, 4-week moving average hits highest level since May

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-11mo-1w-11h-58m ago
Hellenicshippingnews

Jordan buys 60,000 tonnes wheat in tender –trade

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-11mo-1w-11h-58m ago
Hellenicshippingnews

IOC cancels LNG import tender due to higher prices – trade sources

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-11mo-1w-15h-57m ago
Hellenicshippingnews

China’s resumption of scrap imports seen unlikely to help costs, EAF development

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-11mo-1w-19h-57m ago
Hellenicshippingnews

EU 2020/21 soft wheat exports 13.61mln tonnes by January 10

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-11mo-1w-23h-58m ago
Hellenicshippingnews

Egypt to get $1.1 billion from ITFC to fund commodities imports in 2021

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-11mo-1w-1d-11h-57m ago
Hellenicshippingnews

Ukraine ‘unable’ to meet demand for gas exports to Poland: GTSOU

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-11mo-1w-1d-11h-58m ago
Hellenicshippingnews

Black sea’s exports of CPC Blend crude oil set at 4.55mln t in February-schedule

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-11mo-1w-1d-15h-57m ago
Hellenicshippingnews

Egypt’s GASC says passes in wheat tender with no purchase made

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-11mo-1w-1d-15h-57m ago
Hellenicshippingnews

Thai long grain rice exports falter amid competitive Indian prices

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-11mo-1w-1d-19h-57m ago
Hellenicshippingnews

Slim pickings for prompt LNG cargoes to meet historic Feb Asia demand

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-11mo-1w-1d-23h-57m ago
Hellenicshippingnews

Bangladesh issues another tender to buy 50,000 tonnes wheat – trade

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-11mo-1w-2d-11h-58m ago
Hellenicshippingnews

Syria issues tender to buy 200,000 tonnes wheat -trade

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-11mo-1w-2d-11h-58m ago
Hellenicshippingnews

Turkey tenders to buy about 400,000 tonnes wheat – trade

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-11mo-1w-2d-15h-57m ago
Hellenicshippingnews

Argentine farmers consider lifting strike under new corn export policy

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-11mo-1w-2d-19h-57m ago
Hellenicshippingnews

Indonesia refined palm oil exports to rise in 2021 on tax changes

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-11mo-1w-2d-19h-57m ago
Hellenicshippingnews

Temporary Turkish import tariff cut opens opportunities for European rice exporters

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-11mo-1w-2d-19h-57m ago
Hellenicshippingnews

Argentina lifts corn export ban, replaces with 30,000 tonne sales cap

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-11mo-1w-2d-23h-57m ago
Hellenicshippingnews

US LNG exporters keep utilization near capacity as Asian prices test new heights

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-11mo-1w-2d-23h-57m ago
Hellenicshippingnews

China Sells 2,099,199 Tonnes Of Wheat From State Reserves -Trade Centre

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-11mo-1w-2d-23h-57m ago
Hellenicshippingnews

Soybean meal exports nearly triple to 26.8 mn tonnes in Dec on demand surge

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-11mo-1w-3d-11h-58m ago
Hellenicshippingnews

Japan imports first LNG cargo from China as utilities try to cut costs

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-11mo-1w-3d-23h-57m ago
Hellenicshippingnews

Record seven North Sea cargoes trade on Platts as Saudi cuts tighten market

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-11mo-1w-4d-11h-57m ago
Hellenicshippingnews

Japan poised to boost kerosene purchases from S Korea after refinery shutdown

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-11mo-1w-4d-11h-58m ago
Hellenicshippingnews

Turkish export rebar to remain strong near-term supported by scrap

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-11mo-1w-4d-11h-58m ago
Hellenicshippingnews

Iran earns 2.1 bln USD for steel exports in 9 months: report

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-11mo-1w-4d-11h-58m ago
Hellenicshippingnews

US November 2020 methanol imports increase 79% on month on tight regional supply

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-11mo-1w-4d-15h-57m ago
Hellenicshippingnews

Taiwan starts receiving LNG from Cheniere, to get 30 shipments annually

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-11mo-1w-4d-15h-57m ago
Hellenicshippingnews

Bidding for importing LNG from spot market to continue

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-11mo-1w-4d-15h-57m ago
Hellenicshippingnews

Brazilian ethanol imports fall 21% in 2020, NNE imports plunge 61%

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-11mo-1w-6d-11h-57m ago
Hellenicshippingnews

French Wheat Shipments Outside EU Ease In December

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-11mo-1w-6d-11h-58m ago
Hellenicshippingnews

Indonesian palm group to seek review of export levy if palm prices top 4,000 rgt

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-11mo-1w-6d-11h-58m ago
Hellenicshippingnews

Clogged port chokes off Chile’s steel imports

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-11mo-1w-6d-15h-57m ago
Hellenicshippingnews

Bad News For Russia, As Gas From Azerbaijan Now Flows To Western Europe

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-11mo-1w-6d-23h-57m ago
Hellenicshippingnews

EU imposes duties on some Turkish iron, steel imports

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-11mo-2w-11h-58m ago
Hellenicshippingnews

U.S. oil imports, exports up last week: EIA

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-11mo-2w-15h-57m ago
Hellenicshippingnews

Argentina eyes ramping up gas exports to Brazil to fuel production growth

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-11mo-2w-19h-57m ago
Hellenicshippingnews

Strong gas production drives Bakken Shale flows on northern border to new highs

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-11mo-2w-19h-57m ago
Hellenicshippingnews

Qatar Petroleum accepts Feb term LPG nominations without cuts, delays: traders

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-11mo-2w-19h-57m ago
Hellenicshippingnews

Japan’s Idemitsu sees no impact on Feb, Mar loadings from Saudi extra oil output cut

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-11mo-2w-23h-57m ago
Hellenicshippingnews

Ethiopia cancels deals to buy 600,000 tonnes wheat in tenders

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-11mo-2w-1d-11h-57m ago
Hellenicshippingnews

US Hampton Roads coal exports climb to four-month high in November

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-11mo-2w-1d-15h-58m ago
Hellenicshippingnews

US crude oil exports face challenges amid lower output

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-11mo-2w-2d-11h-57m ago
Hellenicshippingnews

Honduran coffee exports drop 17% as coronavirus pandemic bites

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-11mo-2w-2d-11h-58m ago
Hellenicshippingnews

Brazil’s GNA receives first LNG cargo in Rio de Janeiro’s port

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-11mo-2w-2d-15h-57m ago
Hellenicshippingnews

China’s first ferrous scrap import deals under new standards seen as symbolic amid unviable economics

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-11mo-2w-2d-19h-58m ago
Hellenicshippingnews

Chinese refiners expect more freedom in fuel exports as Beijing eases quotas

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-11mo-2w-2d-23h-57m ago
Hellenicshippingnews

Russia to double natgas volume to China in 2021 as cold spell bites

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-11mo-2w-2d-23h-57m ago
Hellenicshippingnews

Venezuela’s oil exports sink to 1940’s level under tighter U.S. sanctions -data

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-11mo-2w-3d-11h-58m ago
Hellenicshippingnews

Bulgaria begins first Azeri gas imports, to increase Kulata capacity

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-11mo-2w-3d-11h-58m ago
Hellenicshippingnews

Russia may start exporting Belarusian oil products in 2021

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-11mo-2w-3d-11h-58m ago
Hellenicshippingnews

Iran parliamentary committee lowers oil export target to 1.5 mil b/d

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-11mo-2w-3d-15h-57m ago
Hellenicshippingnews

Azerbaijan starts gas exports to Russia-dominated European market

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-11mo-2w-3d-19h-57m ago
Hellenicshippingnews

Iraq’s SOMO chief says after OPEC agreement Iraq exported 2.9 million bpd: INA

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-11mo-2w-3d-19h-57m ago
Hellenicshippingnews

Chinese steel exports increase for third straight month in November

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-11mo-2w-3d-23h-57m ago
Hellenicshippingnews

China’s Dec LNG imports hit monthly record of over 9mln T – data

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-11mo-2w-4d-11h-57m ago
Hellenicshippingnews

Gazprom says gas exports outside ex-Soviet Union down 10% in 2020

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-11mo-2w-4d-11h-57m ago
Hellenicshippingnews

S KOREA DATA: Nov crude imports tumble but Middle East suppliers gain market share

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-11mo-2w-4d-11h-57m ago
Hellenicshippingnews

The UAE insures 27% of Japan’s oil imports

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-11mo-2w-4d-11h-57m ago
Hellenicshippingnews

China to allow steel material imports next year

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-11mo-2w-4d-11h-57m ago
Hellenicshippingnews

Palm oil imports increase 29.4pc to $876 million in 5 months

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-11mo-2w-4d-11h-58m ago
Hellenicshippingnews

Iraq’s crude exports exceed 88 mln barrels in Dec. 2020

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-11mo-2w-4d-16h-57m ago
Hellenicshippingnews

China issues five million tonne clean marine fuel export quotas for 2021: traders

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-11mo-3w-11h-57m ago
Hellenicshippingnews

China: Imported iron ore lump price firm on sound demand

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-11mo-3w-11h-58m ago
Hellenicshippingnews

Pakistan LNG seeks two cargoes for April delivery – document

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-11mo-3w-11h-58m ago
Hellenicshippingnews

Asia to draw more naphtha arbitrage cargoes on increased steam cracker capacity

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-11mo-3w-23h-57m ago
Hellenicshippingnews

JAPAN DATA: Refiners ramp up light crude imports in Nov for kerosene output

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-11mo-3w-23h-57m ago
Hellenicshippingnews

Future of US quotas, tariff on Canadian aluminum remains uncertain

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-11mo-3w-1d-11h-57m ago
Hellenicshippingnews

Urals oil exports from Primorsk revised down by 0.2mln T to 2.9mln T in January – traders

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-11mo-3w-1d-11h-57m ago
Hellenicshippingnews

Philippines to raise gasoline imports in 2021 as import infrastructure grows

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-11mo-3w-1d-11h-58m ago
Hellenicshippingnews

Iraq renews contract supplying EGPC with 12 million barrels of Basra light crude – cabinet

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-11mo-3w-1d-15h-57m ago
Hellenicshippingnews

Taiwan buys 82,325 tonnes wheat of US-origin in tender

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-11mo-3w-1d-15h-57m ago
Hellenicshippingnews

SOCAR, ENOC offer lowest prices for Feb LNG cargoes to Pakistan

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-11mo-3w-1d-19h-57m ago
Hellenicshippingnews

US Gulf Coast ethylene export facility’s new storage tank to speed up loadings

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-11mo-3w-1d-19h-57m ago
Hellenicshippingnews

Soybeans slip from 6-1/2-year high as labour strike ends

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-11mo-3w-1d-19h-57m ago
Hellenicshippingnews

Asian demand momentum to sustain corn imports

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-11mo-3w-1d-23h-57m ago
Hellenicshippingnews

Pandemic-hit govt finances gets ‘crude’ rescue, oil import bill to fall

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-11mo-3w-2d-11h-57m ago
Hellenicshippingnews

China’s Sinopec plans record LNG imports to battle cold snap

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-11mo-3w-2d-11h-58m ago
Hellenicshippingnews

Iraq’s southern oil exports at 2.7 mln bpd in Dec, says official

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-11mo-3w-2d-11h-58m ago
Hellenicshippingnews

Iran to resume gas flows to Iraq after agreement on unpaid bills -Iraq ministry

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-11mo-3w-2d-15h-57m ago
Hellenicshippingnews

Commodities 2021: Canadian natural gas exports, demand and production all forecast to rise year over year

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-11mo-3w-2d-19h-57m ago
Hellenicshippingnews

Malaysia imposes anti-dumping tax on cold-rolled steel from Indonesia, Vietnam

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-11mo-3w-2d-19h-57m ago
Hellenicshippingnews

Iraq plans to boost southern oil export capacity by 72% after three years: ministry

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-11mo-3w-2d-23h-58m ago
Hellenicshippingnews

China’s first batch of 2021 fuel export quotas rise 5.4% y/y – trade, exchange blog

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-11mo-3w-3d-11h-57m ago
Hellenicshippingnews

China suspends more Australia timber imports citing pests in cargoes

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-11mo-4w-11h-57m ago
Hellenicshippingnews

CHINA DATA: Nov gasoline, gasoil exports decline on month, jet fuel inches up

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-11mo-4w-11h-58m ago
Hellenicshippingnews

India’s November crude oil imports post lowest y/y fall in eight months

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-4w-23h-57m ago
Hellenicshippingnews

China’s own goal on Australian coal ban gives traders a massive free kick

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-4w-23h-57m ago
Hellenicshippingnews

Indian gasoline suppliers take advantage of Australia’s limitation in producing own fuel

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-4w-23h-57m ago
Hellenicshippingnews

Cheniere receives LNG cargo cancellation for February from Italy’s Enel: sources

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-4w-1d-19h-57m ago
Hellenicshippingnews

India’s Nov steel exports fall for third straight month

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-4w-1d-23h-58m ago
Hellenicshippingnews

Saudi crude keeps flowing to Red Sea as East-West Pipeline repairs continue

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-4w-1d-23h-58m ago
Hellenicshippingnews

SEA seeks level-playing field for palm oil exporter-importer

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-4w-2d-11h-57m ago
Hellenicshippingnews

China issues 122.59mln T in 1st round of oil import quotas -sources

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-4w-2d-11h-58m ago
Hellenicshippingnews

Cyprus one step closer to importing LNG

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-4w-2d-11h-58m ago
Hellenicshippingnews

Iraq to start fuel exports to Lebanon in 2021 – statement

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-4w-2d-11h-58m ago
Hellenicshippingnews

Will China boost corn output or become a permanent importer?

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-4w-2d-23h-58m ago
Hellenicshippingnews

Russia eyes oil supply deals for 20-25 years with India – RIA

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 4y-11h-57m ago
Hellenicshippingnews

S KOREA DATA: Nov crude imports from US fall, Saudi oil shipments extend uptrend

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 4y-11h-58m ago
Hellenicshippingnews

Russian diesel export push curbed by pandemic and slow refineries overhaul

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 4y-1d-11h-58m ago
Hellenicshippingnews

Rising gas demand: 12 LNG cargoes arranged for next month

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 4y-1d-11h-58m ago
Hellenicshippingnews

IOC tender awarded, Sonangol offers two cargoes

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 4y-1d-15h-57m ago
Hellenicshippingnews

Uzbekistan to cut gas exports amid domestic shortages

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 4y-3d-11h-57m ago
Hellenicshippingnews

US corn net export sales up 41% on week at 1.924 million mt, above market expectations

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 4y-3d-11h-58m ago
Hellenicshippingnews

Saudi crude exports rise to 6.16 million bpd in October

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 4y-3d-11h-58m ago
Hellenicshippingnews

Tunisia buys soft wheat, durum wheat and feed barley in tender – trade

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 4y-4d-11h-57m ago
Hellenicshippingnews

Turkey lowers import tariffs on some grains to zero until May

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 4y-4d-11h-58m ago

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