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 4y-10mo-2w-3d-23h-51m ago
Indian Oil Corp bought a liquefied natural gas LNG cargo for delivery over late February to early March and is seeking another cargo for delivery in March, three industry sources said. It bought the cargo for delivery over Feb. 20 to March 5 at $8.70 per million British thermal units mmBtu from ....
Hellenic Shipping Freight News
Published 4y-10mo-2w-3d-23h-51m ago
Japan amp 8217 s cold spell has stoked LPG demand in city gas supply for heating, boosting imports until February, though this might not last until March, trade sources said. The increase in city gas demand requires incremental supply of LPG amp 8212 which has a higher calorific value, or energy....
Hellenic Shipping Freight News
Published 4y-10mo-2w-4d-3h-51m ago
US Gulf Coast middle distillate shipments set to land in Europe in February amount to 110,000 mt so far, all in Northwest Europe, according to Platts cFlow, trade flow software, on Jan. 26. A total of around 400,000 mt of USGC middle distillates were due to arrive in Europe in January, including 370....
Hellenic Shipping Freight News
Published 4y-10mo-2w-4d-15h-51m ago
India amp 8217 s crude oil imports rose to their highest level in over two years in December as easing of most of the coronavirus led restrictions led to improved economic activity and higher fuel demand. Crude oil imports rose to 20.49 million tonnes last month, their highest since October 2018, d....
Hellenic Shipping Freight News
Published 4y-10mo-2w-5d-15h-51m ago
A bypass pipeline will come online Feb. 1 to restore service to the Cameron Highway Oil Pipeline System that moves crude oil from the US Gulf of Mexico to Texas port hubs, Genesis Energy confirmed on Jan. 25. The 500,000 b/d, offshore crude system, called CHOPS, has been down since late August when ....
Hellenic Shipping Freight News
Published 4y-10mo-2w-5d-15h-51m ago
Egyptian LNG exports from the Shell operated Idku plant amp 8212 for now the country amp 8217 s only operational LNG facility amp 8212 have remained strong so far in 2021 following the winter jump in spot LNG prices. The surge in exports comes as Italy amp 8217 s Eni and partners prepare to ....
Hellenic Shipping Freight News
Published 4y-10mo-2w-5d-19h-51m ago
Libya amp 8217 s resurgent crude exports could face a massive blow, as a militia controlling three key eastern terminals is threatening to shut down shipments in a long festering salary dispute. The Petroleum Facilities Guard militia group has begun a strike at the Ras Lanuf, Marsa el Hariga and Es....
Hellenic Shipping Freight News
Published 4y-10mo-2w-6d-15h-51m ago
The slower pace at which Thailand has been crushing sugar since the start of the October 2020 September 2021 season is expected to reduce the supply of available sugar in the first quarter of 2021, which would be supportive of Thai cash premiums for the prompt shipment month. amp 8220 Cane deliver....
Hellenic Shipping Freight News
Published 4y-10mo-2w-6d-15h-51m ago
The natural gas output capacity at three Norwegian offshore fields was cut by a combined 43.5 million cubic metres per day on Sunday due to unplanned outages, pipeline system operator Gassco said. Norway is Britain amp 8217 s largest external gas supplier, and the second largest of Europe after Rus....
Hellenic Shipping Freight News
Published 4y-10mo-2w-6d-15h-52m ago
Bangladesh is aiming to boost LNG imports by more than a third in 2021 from 2020 levels, with most of the incremental volumes expected to be sourced from the spot market, a senior Petrobangla official told S amp 38 P Global Platts. The country eyes importing around 12.14 million cubic meters of LNG....
Hellenic Shipping Freight News
Published 4y-10mo-2w-6d-23h-51m ago
Indonesia may no longer require to import LPG from 2030 as the country will likely be able to produce enough dimethyl ether, or DME, a substitute source for the fuel, a senior government official said in a parliamentary hearing in the week of Jan. 17. This is the latest move by Indonesia, the fourth....
Hellenic Shipping Freight News
Published 4y-10mo-2w-6d-23h-51m ago
Russia in 2020 ranked second after Saudi Arabia in the list of the largest oil suppliers to China. According to the General Customs Administration of China, in 12 months Beijing purchased more than 83.57 mln tonnes of oil from Moscow. According to the report, the price of oil purchased from Russia e....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3h-51m ago
The recent sharp downward price correction of Japanese seaborne scrap since start of the year has whetted the appetite of Chinese buyers now eager to import material, regional sources said. amp 8220 It seems Japanese heavy scrap prices have corrected down to levels close to our domestic ones, amp ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3h-51m ago
Fog continued to limit activity at US LNG export facilities in Texas and Louisiana Jan. 22. The weather conditions were expected to persist for a short period, according to notices to shippers. Feedgas deliveries to US LNG export facilities have been robust in recent months amid a huge rally in the ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3h-51m ago
China amp 8217 s gasoline exports to Australia shot up to 70,000 mt in December 2020, almost double the shipments in the same month a year earlier and marking a big spike from the zero cargoes in November, detailed data released by the General Administration of Customs showed on Jan. 21. The Decemb....
Hellenic Shipping Freight News
Published 4y-10mo-3w-15h-51m ago
Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20% for 2021, industry sources said, in a rare move by OPEC’s second largest producer which is trying to meet its obligations under the group’s production deal. Iraq was the top oil supplier to India in 2020 ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-15h-51m ago
The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding. U.S. President Joe Biden canceled Keystone XL’s permit on his first day in office Wednesday, dea....
Hellenic Shipping Freight News
Published 4y-10mo-3w-15h-51m ago
Japan’s oil imports fell to the lowest in more than 50 years last year as the pandemic hit economic activity and speeded a long term decline, while other energy purchases fell to decade lows, Reuters calculations based on data showed. Liquefied natural gas LNG imports also declined, dropping to ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-15h-51m ago
Record volumes of Canadian natural gas flowing into the US Pacific Northwest combined with strong local hydroelectric output weakened regional pricing hubs. Price strength observed at the Sumas and Kingsgate hubs through the first two months of winter quickly evaporated in January amid incremental l....
Hellenic Shipping Freight News
Published 4y-10mo-3w-15h-52m ago
U.S. crude oil imports and exports both decreased during the week ending Jan. 15, the U.S. Energy Information Administration EIA said on Friday. U.S. crude oil imports averaged 6.0 million barrels per day b/d last week, down by about 194,000 b/d from the previous week, while crude oil exports av....
Hellenic Shipping Freight News
Published 4y-10mo-3w-19h-51m ago
Crude exports of Nigeria amp 8217 s key crude Qua Iboe are set to resume for the first time in almost six weeks after a fire at the terminal halted production and loadings, shipping and trading sources said Jan. 22. Later in the day, a spokesman at ExxonMobil confirmed it had lifted force majeure o....
Hellenic Shipping Freight News
Published 4y-10mo-3w-19h-51m ago
Jordan amp 8217 s state grain buyer the trade ministry is tendering to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Thursday. The tender closes on Jan. 27. Source: Reuters Reporting by Michael Hogan
The post Jordan issues new tender to b....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-15h-51m ago
Buyers of liquefied natural gas LNG from the United States are expected to cancel up to five cargoes for loading in March, half the volumes that were cancelled in February, trade sources said. The exact number of cancellations was not immediately clear but several trade sources estimated a range o....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-15h-51m ago
Russia plans to increase oil exports from its Western ports by 0.2 million tonnes to 1.5 million tonnes in Feb. 1 10 compared to the same period of January, the preliminary loading schedule seen by Reuters showed. Oil loadings will rise by 15% for Feb. 1 10 compared to Jan. 1 10, according to Reuter....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-15h-51m ago
Algeria’s state grains agency OAIC is believed to have purchased about 390,000 tonnes of optional origin milling wheat in an international tender which closed on Wednesday, European traders said in assessments on Thursday. Initial estimates late on Wednesday put the purchase at between 330,000 ton....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-15h-51m ago
Iran’s oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite U.S. sanctions, the oil minister said on Friday. Bijan Zanganeh did not give figures but said exports of crude had recently risen “significantly” despite tough sa....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-15h-51m ago
The Saudi Grains Organization SAGO announced on Thursday a tender to import 480,000 tons of wheat to be supplied during the period of March April 2021 in order to increase the reserve stock until the private sector assumes the task of importing and selling barley. Governor of SAGO Eng. Ahmad Abdul....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-15h-51m ago
Crude exports of Nigeria amp 8217 s key crude Qua Iboe are set to resume, for the first time in almost six weeks after a fire at the terminal halted production and loadings, shipping and trading sources said Jan. 22. Qua Iboe production started to ramp up to normal levels of 200,000 b/d in the past....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-15h-51m ago
Tunisia amp 8217 s state grains agency has issued an international tender to purchase an estimated 92,000 tonnes of durum wheat, 92,000 tonnes of soft wheat and 75,000 tonnes of animal feed barley, European traders said on Thursday. The tender closes on Friday, Jan. 22, they said. The grains can be....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-15h-52m ago
Lack of containers has put brakes to sugar exports from India, said exporters adding that with rising container movement in the US and China the number of containers available to Indian exporters are fewer. Sugar mills and traders are also facing a shortage of trucks to transport sugar to the ports ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-19h-51m ago
Russia amp 8217 s state oil giant Rosneft issued a tender on Wednesday to sell between 2.52 million tonnes and 11.28 million tonnes of Urals oil loading from the state amp 8217 s ports in April amp 8211 September 2021, according to the tender invitation on its website. The producer also offered....
Hellenic Shipping Freight News
Published 4y-10mo-3w-2d-23h-51m ago
Saudi Arabia amp 8217 s crude oil exports in November 2020 rose to 6.354 million barrels per day from 6.159 million bpd in October, official data showed. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries OPEC to the Joint Orga....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-3h-51m ago
Iraq amp 8217 s crude exports to India grew nearly double digits last year, helping it retain the title of India amp 8217 s top oil supplier in 2020, but it may struggle to attain similar growth in 2021 if the newly appointed US President Joe Biden resurrects the nuclear deal with Tehran, which co....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-3h-51m ago
India’s crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day bpd as its refiners cranked up output to meet a rebound in fuel demand, data from trade sources showed. India’s year end rush for crude supplies coincided with strong....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-3h-51m ago
Few if any US LNG cancellations were expected for March, according to multiple traders Jan. 20. The date is important as it represents the deadline to nominate March cargo cancellations at Cheniere amp 8217 s two liquefaction facilities, which account for about 50% of US LNG export capacity. Export....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-15h-51m ago
Jordan amp 8217 s state grains buyer purchased 120,000 tonnes of hard milling wheat to be sourced from optional origins in a tender which closed on Wednesday, traders said. It bought about 60,000 tonnes with trading house CHS believed to be the seller at an estimated $277.40 a tonne c amp 038 f fo....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-15h-51m ago
Asia amp 8217 s growing appetite for arbitraged naphtha will continue to be satisfied by Europe and the US in the near term, despite the strong pull for the feedstock by Europe amp 8217 s petrochemical markets, which has consistently reduced the volume of naphtha heading East in the last few month....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-15h-51m ago
Buyers have canceled several Libyan Amna, Abu Attifel and Zueitina crude oil purchases after high mercury levels were detected in the cargoes, sources close to the matter said Jan. 21. The sources said that the issue had so far only impacted the three grades of Amna, Abu Attifel and Zueitina. State ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-15h-51m ago
Japan amp 8217 s crude oil imports will likely drop 5 10% on the year in 2021, without a recovery from the coronavirus pandemic, Petroleum Association of Japan President Tsutomu Sugimori said Jan. 21, extending the decline after falling to the lowest level in decades last year. amp 8220 When cons....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-15h-51m ago
Japan amp 8217 s Ministry of Agriculture bought 72,653 tonnes of food quality wheat from the United States and Canada in a regular tender. Japan, the world amp 8217 s sixth biggest wheat importer, keeps a tight grip on imports of the country amp 8217 s second most important staple after rice and ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-23h-51m ago
Agro export companies in Argentina are concerned about independent truck owners who are blocking roads as part of a protest over what drivers say are exorbitant taxes and highway tolls, the CIARA CEC export industry chamber said. Owners and drivers, grouped in the informal TUDA association Transpor....
Hellenic Shipping Freight News
Published 4y-10mo-3w-3d-23h-51m ago
Russian wheat export prices breached the $300/mt mark Jan. 18 for the first time since S amp 38 P Global Platts started assessing the commodity in 2014, as concerns mount about amp 8220 floating amp 8221 export taxes, with sources expecting the uptrend in prices to continue in the near term. Th....
Hellenic Shipping Freight News
Published 4y-10mo-3w-4d-3h-51m ago
Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, Chinese government data showed on Wednesday. Oil demand in China, the world’s top oil importer, remained strong last year even as the coronavirus crisis hammered global appeti....
Hellenic Shipping Freight News
Published 4y-10mo-3w-4d-15h-51m ago
The world amp 8217 s largest ethane carrier was headed toward the Panama Canal on Jan. 19 after loading at Energy Transfer amp 8217 s terminal in Nederland, Texas, P latts trade flow software cFlow showed. The Seri Everest, a Very Large Ethane Carrier, departed on its maiden voyage from the Orbit ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-4d-15h-51m ago
China amp 8217 s crude imports from the US surged 211% year on year to 19.76 million mt, or an average 395,746 b/d, in 2020, with the value jumping 89% to $6.28 billion, General Administration of Customs data released Jan. 20 showed. Imports from the US had averaged 127,147 b/d in 2019. Hefty impor....
Hellenic Shipping Freight News
Published 4y-10mo-3w-4d-15h-51m ago
Pakistan LNG is seeking two liquefied natural gas LNG cargoes for delivery in February, after at least one supplier was unable to deliver a scheduled cargo, two industry sources told Reuters. Pakistan LNG, a government subsidiary that procures LNG from the international market, is seeking the carg....
Hellenic Shipping Freight News
Published 4y-10mo-3w-4d-19h-51m ago
Ukrainian grain traders said they saw no grounds to restrict corn exports for the 2020/21 season, a move requested by animal feed and meat producers to avoid higher feed prices. Ukraine’s economy ministry and agricultural unions will decide on Jan. 25 whether to limit corn exports for the 2020/21 ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-4d-19h-51m ago
China amp 8217 s gasoline exports dropped 2.3% in 2020 from a year ago, reaching a two year low, as fuel demand plummeted globally after governments imposed travel restrictions to contain the spread of the coronavirus pandemic. Exports of gasoline from China, the world amp 8217 s second largest oi....
Hellenic Shipping Freight News
Published 4y-10mo-3w-5d-3h-51m ago
Asia is estimated to receive about 2 million tonnes of naphtha each in January and February from Europe, the Mediterranean and the United States, according to several trade sources and Refinitiv Oil Research. That would be an increase in the arbitrage flows to Asia from December, which were about 1.....
Hellenic Shipping Freight News
Published 4y-10mo-3w-5d-3h-51m ago
German crude oil imports for the first 11 months of 2020 were down 2.8% year on year after the COVID 19 pandemic and related lockdowns hit industrial activity, official data showed. Oil volumes reaching Germany totalled 76.4 million tonnes for the January November period, down from 78.6 million for ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-5d-15h-51m ago
Fixture volumes for naphtha cargoes from the US Gulf Coast bound to Asia have hit a nine month of 560,000 mt for January loading, a surge of almost 150% from the December loading program, data from market sources and S amp 38 P Global Platts trade flow software cFlow showed Jan. 19. Robust naphtha ....
Hellenic Shipping Freight News
Published 4y-10mo-3w-5d-15h-51m ago
Ukraine amp 8217 s grain exports have fallen 18.6% to 27.57 million tonnes this season, which runs from July 2020 to June 2021, economy ministry data showed. Traders sold 12.75 million tonnes of wheat, 10.52 million tonnes of corn and 3.89 million tonnes of barley, the data showed. Ukraine accounts....
Hellenic Shipping Freight News
Published 4y-10mo-3w-5d-15h-52m ago
Commonwealth LNG launched a liquefied natural gas LNG tender for its proposed Louisiana liquefaction plant, hoping to accelerate an investment decision on the project by reducing its uncertainty for potential customers and investors. The plant is among a dozen stalled last year as the drop in ener....
Hellenic Shipping Freight News
Published 4y-10mo-3w-5d-19h-51m ago
Algeria amp 8217 s state grains agency OAIC has set the shipment period for main supplier countries for its wheat tender as Feb. 14 to Feb. 28, European traders said on Tuesday. If sourced from South America or Australia, shipment is between Feb. 1 and Feb. 15, they said. The tender sought a nomina....
Hellenic Shipping Freight News
Published 4y-10mo-3w-5d-19h-51m ago
Bangladesh will step up wheat purchases from Ukraine to make up for any shortfall in supplies from Russia which has announced plans to impose a higher export tax on the grain from March 1, a senior Dhaka based government official told Reuters. Russia’s economy minister announced the plans on Frida....
Hellenic Shipping Freight News
Published 4y-10mo-3w-5d-23h-51m ago
South Korean imports of US crude oil tumbled 67.9% year on year in December 2020, marking the biggest decline since the country began North American crude purchases in 2015, according to data from the Korea Customs Service released Jan. 15. Local refiners imported 583,162 mt, or 4.27 million barrels....
Hellenic Shipping Freight News
Published 4y-10mo-3w-5d-23h-51m ago
The first export cargo of Nigeria amp 8217 s newest crude grade Anyala is on its way to Northwest Europe, trading and shipping sources said on Jan. 18. The Aframax Minerva Clara loaded a 700,000 barrel stem of Anyala crude from the Abigail Joseph floating production, storage and offloading vessel o....
Hellenic Shipping Freight News
Published 4y-10mo-3w-6d-3h-51m ago
The import volume requirement for feed wheat and corn in the Philippines is pegged at 1.5 and 4 million mt respectively for 2021, according to a memo released by the Department of Agriculture seen by S amp 38 P Global Platts late week ending Jan 15. The total corn demand for feeding purposes is est....
Hellenic Shipping Freight News
Published 4y-10mo-3w-6d-19h-51m ago
Syria said on Sunday it would import more crude oil to cover fuel shortages it blames on Western sanctions that disrupted regular Iranian oil shipments that had for years compensated for the country’s loss of domestic oil production as a result of conflict. The sanction hit country has over the pa....
Hellenic Shipping Freight News
Published 4y-10mo-3w-6d-19h-51m ago
Faltering LNG stocks will likely prompt Japanese power utilities to actively chase for oil in a desperate attempt to keep up with robust domestic winter electricity demand, though local refiners struggling to produce enough burning fuels could lead to a surge in the country amp 8217 s prompt heavy ....
Hellenic Shipping Freight News
Published 4y-10mo-4w-3h-51m ago
China amp 8217 s natural gas companies have backed off from purchasing high priced spot LNG for February deliveries as they are unable to sell downstream at high prices, and after the government cracked down on domestic price surges in recent weeks. This is despite energy shortages in northern Chin....
Hellenic Shipping Freight News
Published 4y-10mo-4w-15h-51m ago
Britain amp 8217 s wheat imports rose in November and are running at more than double last season amp 8217 s pace, customs data showed on Friday. Wheat imports for the month totalled 208,263 tonnes, up from 174,914 tonnes in October. Germany was the largest supplier in November, shipping 79,565 to....
Hellenic Shipping Freight News
Published 4y-10mo-4w-15h-52m ago
Kenya is expected to continue its dependence on wheat imports as the demand for the cereal is increasing at a rate faster as compared to domestic production, an industry official said on Friday. Anthony Kioko, CEO of the Cereal Growers Association CGA , told Xinhua in Nairobi that the east African ....
Hellenic Shipping Freight News
Published 4y-10mo-4w-15h-52m ago
South Korea amp 8217 s ferrous scrap import volumes amounted to 4.39 million mt in 2020, performing 32.4% lower year on year and the lowest annual volume in more than 25 years, according to Korean customs data. Japan remained the top supplier to the country, at 2.95 million mt, but down 26.6% from ....
Hellenic Shipping Freight News
Published 4y-10mo-4w-19h-51m ago
US net export sales of corn for the 2020 21 marketing year September August totaled 1.438 million mt in the week ended Jan. 7, up 92% from the 748,910 mt in the previous week, according to Department of Agriculture data released Jan 14. The net export sales for the 2020 21 marketing year were up 3....
Hellenic Shipping Freight News
Published 4y-10mo-4w-2d-15h-51m ago
Loadings of Nigeria amp 8217 s key export grade Forcados are on force majeure due to the shutdown of the Trans Forcados pipeline, terminal operator Shell said late Jan. 14. The force majeure took effect from 1000 local time 0900 GMT on Jan. 14, a Shell spokesperson said. A representative at Herit....
Hellenic Shipping Freight News
Published 4y-10mo-4w-2d-15h-51m ago
EMESA, the state owned energy company of the Argentinian province of Mendoza, said Jan. 14 that it has signed a deal to build a storage and distribution center to export heavy crude to Chile, which will be a new market for the company. EMESA will build the facility in Malargue, a city in the Andes f....
Hellenic Shipping Freight News
Published 4y-10mo-4w-2d-15h-51m ago
Iran has exported 5.6 million tons of steel valued at $2.179 billion during the first nine months of the current Iranian calendar year March 20 December 20, 2020 , according to the data released by the Islamic Republic of Iran Customs Administration IRICA . The IRICA data put the country’s month....
Hellenic Shipping Freight News
Published 4y-10mo-4w-2d-15h-52m ago
Germany’s imports of hard coal in 2021 could drop 18.6% year on year to 26.7 million tonnes, lobby group VDKi forecast on Friday, citing lower usage by steelmakers in the COVID 19 crisis and price competition with gas and renewables in power generation. The coal importers group also published prel....
Hellenic Shipping Freight News
Published 4y-10mo-4w-2d-19h-51m ago
India amp 8217 s soymeal exports could more than double in 2020/21 after a rally in global prices to their highest in 6 1/2 years made shipments from the south Asian country lucrative for European and Asian buyers, four industry officials told Reuters. Higher exports from India could trim shipments....
Hellenic Shipping Freight News
Published 4y-10mo-4w-2d-19h-51m ago
Russia may raise its wheat export tax to 50 euros $60.68 per tonne beginning March 1 from the 25 euro per tonne tax set for Feb. 15 to March 1, a Russian union of grain exporters said on social media on Friday. According to the union, a non government lobby group of Russian grain exporters, a Russ....
Hellenic Shipping Freight News
Published 4y-10mo-4w-2d-19h-51m ago
Brazilian jet fuel importers are sourcing barrels from Europe in an irregular move following a particularly barren year for demand amid the coronavirus pandemic, sources said the week starting Jan. 10. One 40,000 mt jet fuel cargo from NWE was seen headed toward Brazil, a voyage multiple European so....
Hellenic Shipping Freight News
Published 4y-11mo-3h-51m ago
Russia is considering imposing a barley and corn export tax of 10 euros $12 per tonne and 25 euros per tonne, respectively, two sources familiar with discussions at the government told Reuters. Russia is trying to stabilise domestic food prices with a grain export quota, a wheat export tax and a s....
Hellenic Shipping Freight News
Published 4y-11mo-3h-51m ago
Japan’s Kyushu Electric Power is buying the remainder of cargoes of liquefied natural gas LNG left after tankers discharge the fuel at ports around Asia as it scrambles for supplies to fuel power stations as electricity demand surges. The unusual move by Kyushu Electric underscores the power cru....
Hellenic Shipping Freight News
Published 4y-11mo-3h-51m ago
China amp 8217 s crude imports fell to a 27 month low of 9.096 million b/d or 38.47 million mt in December, but total imports over 2020 were up 7% year on year at 10.86 million b/d, General Administration of Customs data released Jan. 14 showed. The last time monthly imports were lower was in Septe....
Hellenic Shipping Freight News
Published 4y-11mo-15h-51m ago
US crude exports over the week ended on Jan. 8 fell by 621,000 b/d from the week prior to 3.01 million b/d, a four week low, according to data from the US Energy Information Administration. The four week moving average for weekly US crude exports rose nearly 100,000 b/d on the week to 3.34 million b....
Hellenic Shipping Freight News
Published 4y-11mo-15h-51m ago
Jordan amp 8217 s state grains buyer purchased 60,000 tonnes of hard milling wheat to be sourced from optional origins in a tender which closed on Wednesday, traders said. It was bought from trading house Cerealcom Dolj at $269.20 a tonne c amp 038 f for shipment in the first half August 2021, the....
Hellenic Shipping Freight News
Published 4y-11mo-15h-51m ago
Indian Oil Corp has cancelled its tender to import liquefied natural gas LNG for delivery in mid February due to higher prices, two trade sources familiar with the matter said. One the of sources said offers were made at current spot rate of about $30/million British thermal units, which is amp ....
Hellenic Shipping Freight News
Published 4y-11mo-19h-51m ago
China amp 8217 s move to allow ferrous scrap imports to restart in January is likely to have a limited impact on domestic steelmaking costs, constrained by the lack of scrap available globally to import, market sources said Jan. 13. While the more optimistic sources said scrap imports could reach 1....
Hellenic Shipping Freight News
Published 4y-11mo-23h-51m ago
Soft wheat exports from the European Union in the 2020/21 season that started last July had reached 13.61 million tonnes by Jan. 10, data published by the European Commission showed. The bloc had reported soft wheat exports of 16.04 million tonnes by the same week last season, the data showed. Howev....
Hellenic Shipping Freight News
Published 4y-11mo-1d-3h-51m ago
Egypt will get funding of $1.1 billion from the International Islamic Trade Finance Corporation ITFC to finance imports of petroleum and staple products in 2021, Egypt’s petroleum ministry said on Wednesday. The funds are part of a $3 billion agreement between Egypt and ITFC signed in January 20....
Hellenic Shipping Freight News
Published 4y-11mo-1d-15h-51m ago
Ukraine has been unable to meet robust demand for gas exports to Poland over the past several days due to existing capacity limitations, Serhiy Makohon, head of gas grid operator GTSOU, said Jan. 12. The current export capacity from Ukraine to Poland is some 12.9 million cu m/d, but traders amp 821....
Hellenic Shipping Freight News
Published 4y-11mo-1d-15h-51m ago
CPC Blend oil exports from Black Sea’s Yuzhanaya Ozereyevka terminal were set at 4.55 million tonnes in February compared with 4.87 million tonnes planned for loading in January, the preliminary loading plan showed. On a daily basis, loadings will rise by 3.4% in February versus January as the nex....
Hellenic Shipping Freight News
Published 4y-11mo-1d-19h-51m ago
Egypt amp 8217 s state grain buyer GASC said on Tuesday it has cancelled an international tender to buy wheat with no purchase made. GASC did not give further details. Traders said they believed an unusually low number of only four trading houses participated in the tender with Romanian wheat offer....
Hellenic Shipping Freight News
Published 4y-11mo-1d-19h-51m ago
Thailand is unlikely to remember the international rice market in 2020 favorably, especially for exporters specializing in standard long grain white and parboiled rice. According to the US Department of Agriculture, Thai 2020 milled rice exports – excluding Fragrant rice – totaled 4.2 million ....
Hellenic Shipping Freight News
Published 4y-11mo-1d-23h-51m ago
The scarcity of on the water LNG cargoes heading to Asia and a constriction in supply for loading in late January meant that buyers of prompt deliveries have been left with a dearth of options during the week of Jan. 12, according to industry participants and vessel tracking data. This comes even as....
Hellenic Shipping Freight News
Published 4y-11mo-2d-3h-51m ago
Bangladesh amp 8217 s state grains buyer has issued another international tender to purchase 50,000 tonnes of milling wheat, traders said on Monday. The deadline for submission of price offers is Jan. 25, they said. Bangladesh has issued a series of wheat tenders in past weeks. A previous tender fr....
Hellenic Shipping Freight News
Published 4y-11mo-2d-15h-51m ago
A Syrian state grains agency has issued an international tender to purchase 200,000 tonnes of soft wheat for milling, European traders said on Monday. The deadline for submission of price offers in the tender from Syria amp 8217 s General Establishment for Cereal Processing, Storage and Trade Hobo....
Hellenic Shipping Freight News
Published 4y-11mo-2d-15h-51m ago
Turkey amp 8217 s state grain board TMO has issued an international tender to purchase a total of about 400,000 tonnes of milling wheat, traders said on Monday. The tender closes on Jan. 19, they said. Shipment is requested in 2021 between Jan. 26 and Feb. 25. Source: Reuters Reporting by Michael ....
Hellenic Shipping Freight News
Published 4y-11mo-2d-19h-51m ago
Argentine farmers may lift the strike they started at midnight as they evaluate a policy announced on Monday that places a temporary 30,000 tonne daily cap on export sales. The new policy replaces the government amp 8217 s previous plan to suspend international corn shipments from the world amp 82....
Hellenic Shipping Freight News
Published 4y-11mo-2d-23h-51m ago
Indonesia, the world’s biggest palm oil producer, will increase its refined palm oil exports after raising taxes, leaving Malaysia to become more competitive in crude palm oil CPO exports, a leading industry analyst said. The reordering of palm oil trading follows Indonesia’s decision last mon....
Hellenic Shipping Freight News
Published 4y-11mo-2d-23h-51m ago
European market participants anticipate that a recent temporary reduction in Turkish rice import tariffs is likely to increase Japonica sales from the continent. The Turkish Grain Board, or TMO, confirmed to S amp 38 P Global Platts that the import tariffs on paddy, brown and milled rice have been ....
Hellenic Shipping Freight News
Published 4y-11mo-2d-23h-51m ago
Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000 tonne daily cap on sales abroad, its agriculture ministry said, backing off the more restrictive measure that had infuriated farmers in the South American grains powerhouse. The world....
Hellenic Shipping Freight News
Published 4y-11mo-3d-3h-51m ago
US LNG export terminals were operating near capacity Jan. 11 as the spot price for deliveries to Northeast Asia approached a staggering $30/MMBtu amid ongoing supply constraints and strong winter demand. The benchmark S amp 38 P Global Platts JKM has soared to a record high from a record low in les....
Hellenic Shipping Freight News
Published 4y-11mo-3d-3h-51m ago
China sold 2,099,199 tonnes of wheat, or 52.16 % of the total offer at an auction of state reserves last week, the National Grain Trade Center said in a statement on Monday. The average selling price was 2,365 yuan $358.35 a tonne, the trade centre said. Sales volumes at the auctions, which had de....
Hellenic Shipping Freight News
Published 4y-11mo-3d-3h-51m ago
India amp 8217 s soybean meal soybean khali exports rose nearly three times to 2.68 lakh tonnes during December last year on higher demand in the global market, SOPA said on Monday. In December 2019, soybean meal exports stood at 90,000 tonnes, as per data released by Indore based Soybean Process....
Hellenic Shipping Freight News
Published 4y-11mo-3d-15h-51m ago
Japan imported its first cargo of liquefied natural gas LNG from China in July as utilities from the world’s biggest buyer of the fuel seek out new suppliers and try to lower costs amid tough competition at home. The shipment illustrates the increasing flexibility of the Asian LNG market. China ....
Hellenic Shipping Freight News
Published 4y-11mo-4d-3h-51m ago
Seven North Sea crude cargoes were bought and sold in the trading window operated by Platts on Thursday, a record amount that trade sources say may reflect tighter supply after Saudi Arabia amp 8217 s surprise output cut. An oil trading source and an official at Platts, the price assessment agency,....
Hellenic Shipping Freight News
Published 4y-11mo-4d-15h-51m ago
An outage at Japan amp 8217 s refinery in Hokkaido could significantly increase the country amp 8217 s reliance on South Korean kerosene supply, as the unexpected loss of the refining capacity could endanger its heating fuel stock levels amid lower than average temperatures nationwide. Japan amp ....
Hellenic Shipping Freight News
Published 4y-11mo-4d-15h-51m ago
Turkish export rebar prices are expected to remain elevated in the near term, with Turkey amp 8217 s main export markets to determine future demand amid expectations of strong scrap prices over the first quarter of 2021. S amp 38 P Global Platts assessed Turkish export rebar at $640/mt FOB on Jan.....
Hellenic Shipping Freight News
Published 4y-11mo-4d-15h-52m ago
Iranian steelmakers exported more than 5.6 million tons of steel ingots during the nine months of the current Iranian year Mar. 20 Dec. 20, 2020 , Iran Daily newspaper reported on Saturday. Quoting the data released by the Islamic Republic of Iran Customs Administration IRICA , it said that the wo....
Hellenic Shipping Freight News
Published 4y-11mo-4d-15h-52m ago
Methanol imports into the US jumped almost 79% month on month in November 2020, data from the US International Trade Commission showed. The US imported 69,828 gallons of methanol in November compared with 39,030 gallons reported during October, according to ITC data. Talks of at least two major plan....
Hellenic Shipping Freight News
Published 4y-11mo-4d-19h-51m ago
Taiwan’s state owned CPC Corp began on Sunday receiving liquefied natural gas LNG cargoes from Cheniere Energy Inc under a 25 year deal signed with the U.S. company in 2018, and will get around 30 shipments annually. CPC said the vessel carrying the LNG, from Cheniere’s Corpus Christi, Texas, ....
Hellenic Shipping Freight News
Published 4y-11mo-4d-19h-51m ago
The government will continue to float tenders to import liquefied natural gas LNG from spot market despite non submission of amp 8216 suitable amp 8217 offers from bidders over the past several months. amp 8220 We amp 8217 ll continue our effort to seek better LNG prices from international ....
Hellenic Shipping Freight News
Published 4y-11mo-4d-19h-51m ago
Brazilian ethanol imports in 2020 added 1 billion liters, down 21%, with the major fall seen in the North and Northeast regions, where total imports reached 384 million liters, a plunge of 61% on the year, data released by the Secretariat of Foreign Trade, SECEX, on Jan. 7 showed. While the cumulati....
Hellenic Shipping Freight News
Published 4y-11mo-6d-15h-51m ago
French soft wheat shipments outside the European Union in December fell from a season amp 8217 s high the previous month as exports to China eased, an initial estimate based on Refinitiv data showed. Soft wheat exports to destinations outside the EU totalled 797,000 tonnes in December, the sixth mo....
Hellenic Shipping Freight News
Published 4y-11mo-6d-15h-51m ago
The Indonesian Palm Oil Association GAPKI said it would ask the government to reformulate its biodiesel blending rates or revise the export levy if palm oil prices maintain their meteoric rise. Malaysia’s benchmark crude palm oil prices started the year at near 10 year highs, trading at around 3....
Hellenic Shipping Freight News
Published 4y-11mo-6d-15h-51m ago
Steel fabricators in Chile are in danger of running out of steel after a bureaucratic mix up clogged one of the country amp 8217 s main ports, an industry body said Jan. 7. According to metallurgical industry association ASIMET, around 100,000 mt of goods are stuck on two vessels moored off the Por....
Hellenic Shipping Freight News
Published 4y-11mo-6d-19h-51m ago
The long awaited Southern Gas Corridor SGC project officially began operating on the last day of 2020, as Azerbaijani oil and gas company SOCAR reported the first commercial gas delivery from the Azeri Shah Deniz offshore field to Italy’s Melendugno point on the Adriatic coast. The 3500 km long ....
Hellenic Shipping Freight News
Published 4y-11mo-1w-3h-51m ago
The European Union will impose tariffs from Friday on hot rolled iron and steel products from Turkey based on an ongoing investigation into dumping. The duties will range from 4.8% to 7.6% and affect Turkish companies Erdemir, Isdemir, Colakoglu Metalurji and Habas, according to the text of the EU o....
Hellenic Shipping Freight News
Published 4y-11mo-1w-15h-51m ago
U.S. crude oil imports and exports both increased during the week ending Jan. 1, the U.S. Energy Information Administration EIA said on Wednesday. U.S. crude oil imports averaged 5.4 million barrels per day b/d last week, up by about 43,000 b/d from the previous week, while crude oil exports ave....
Hellenic Shipping Freight News
Published 4y-11mo-1w-19h-51m ago
Argentina plans to boost natural gas exports to Brazil by up to 20 million cubic meters/day, Energy Secretary Daniel Martinez said late Jan. 4. The move is seen as key for fueling production growth from the giant Vaca Muerta shale play. amp 8220 Argentinian producers are going to analyze the Brazi....
Hellenic Shipping Freight News
Published 4y-11mo-1w-23h-51m ago
Despite rig counts in the Bakken Shale remaining low due to a pullback last spring by operators, natural gas production in the North Dakota play averaged an all time time high last month and is slated to grow even more in early 2021 as new processing capacity comes online. This may lead to greater B....
Hellenic Shipping Freight News
Published 4y-11mo-1w-23h-51m ago
Qatar Petroleum announced acceptances of February loading term LPG cargo in line with lifters amp 8217 nominations without cuts, delays, advanced loadings, or changes to tolerance volumes, traders said. These come as demand in North Asia was supported by a cold winter that is expected to last thro....
Hellenic Shipping Freight News
Published 4y-11mo-1w-23h-51m ago
Japan amp 8217 s second largest refiner Idemitsu Kosan said that it does not see an immediate impact on its crude oil procurement from Saudi Arabia for the February and March loading programs, following the kingdom amp 8217 s announcement Jan. 5 of an additional output cut of 1 million b/d. amp ....
Hellenic Shipping Freight News
Published 4y-11mo-1w-1d-3h-51m ago
The Ethiopian government has cancelled deals to purchase about 600,000 tonnes of wheat agreed in international tenders in November 2020, an Ethiopian state agency said on Tuesday. amp 8220 The bid to purchase 600,000 tonnes of wheat is cancelled because the companies failed to provide a performanc....
Hellenic Shipping Freight News
Published 4y-11mo-1w-1d-15h-51m ago
Coal exports out of the terminals in the Hampton Roads region in Virginia climbed to 2.28 million st in November, up 16.7% from October, but 17.4% below the year ago month, according to data the Virginia Maritime Association released Jan. 5. The 2.28 million st was the third lowest total for the cor....
Hellenic Shipping Freight News
Published 4y-11mo-1w-1d-19h-51m ago
US crude oil export flows that managed to stay afloat for much of 2020 are expected to sink in 2021 as decreased US output and recovering domestic refinery runs will mean fewer barrels to export. Production is expected to average only 10.44 million b/d in 2021 but will gradually recover to pre COVID....
Hellenic Shipping Freight News
Published 4y-11mo-1w-2d-15h-51m ago
Honduran coffee exports dropped 17.2% in December from a year earlier after demand on the world market fell amid closures of economies in an attempt to curb the spread of the novel coronavirus, an industry executive said on Monday. Central America’s top coffee producer and exporter reported shipme....
Hellenic Shipping Freight News
Published 4y-11mo-1w-2d-15h-51m ago
Brazil based natural gas company Gas Natural Açu GNA has received its first imported liquefied natural gas LNG cargo in Açu port, in Rio de Janeiro, the company said in a statement. GNA amp 8211 a BP PLC, Siemens and Prumo Logistica backed company amp 8211 has received the LNG cargo from....
Hellenic Shipping Freight News
Published 4y-11mo-1w-2d-19h-51m ago
Announcements over the new year about the first deals done for ferrous scrap imports into China in nearly 20 months were deemed largely symbolic and likely to be one offs by market participants Jan. 4, who said current market economics do not make the imports viable. Ouyeel, a ferrous scrap trading ....
Hellenic Shipping Freight News
Published 4y-11mo-1w-2d-23h-51m ago
Chinese refiners may no longer stress over meeting their oil product export targets in 2021 as Beijing has granted fuel producers more flexibility and freedom to manage their output and sales after increasing the companies amp 8217 export quotas for 2021 despite lackluster overseas sales performan....
Hellenic Shipping Freight News
Published 4y-11mo-1w-3d-3h-51m ago
Russian natural gas transported to China via the Power of Siberia pipeline touched 28.8 million cubic meters per day, as of Jan. 3, in order to feed homes and factories as northern China faces frigid weather conditions, national oil and gas pipeline giant PipeChina said. This will put on track an an....
Hellenic Shipping Freight News
Published 4y-11mo-1w-3d-3h-51m ago
Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day bpd in 2020, according to Refinitiv Eikon data and internal documents from state run PDVSA, financially squeezing socialist President Nicolas Maduro. The administration of U.S. President Donald Trump a....
Hellenic Shipping Freight News
Published 4y-11mo-1w-3d-15h-51m ago
Bulgaria has begun gas imports from Azerbaijan via the Southern Gas Corridor as planned, providing Sofia with a diversified source of supply and reducing its dependence on Russian imports. Deliveries began late on Dec. 31 as supplies via the TAP line to Italy also started. amp 8220 We have a new l....
Hellenic Shipping Freight News
Published 4y-11mo-1w-3d-15h-51m ago
Russian deputy prime minister Alexander Novak said Jan. 4 that export of Belarusian oil products via Russian may begin in 2021. amp 8220 I think 2021 is a very realistic timeframe for deliveries to begin, amp 8221 Novak said in an interview aired on Russian business channel RBC. In September Nov....
Hellenic Shipping Freight News
Published 4y-11mo-1w-3d-15h-52m ago
Iran amp 8217 s parliament has lowered the government amp 8217 s oil export target from 2.3 million to 1.5 million to manage expectations, news agency ISNA reported Jan 2. The proposed budget had aimed to sell over 2 million b/d of crude both in domestic and international markets. However, the fig....
Hellenic Shipping Freight News
Published 4y-11mo-1w-3d-19h-51m ago
Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline TAP , the energy ministry said on Thursday, beginning its push into the lucrative energy market dominated by Russia. Russia controls 34% of Europe’s gas market and plans to raise gas exports to Europe....
Hellenic Shipping Freight News
Published 4y-11mo-1w-3d-23h-51m ago
Iraq oil exports have amounted to 2.9 million barrels per day, with revenues of $4.2 billion, following the recent OPEC agreement, Alaa al Yasiri, the head of the state oil marketing company SOMO said in an interview with state news agency INA . The head of Iraq’s state oil marketing company, S....
Hellenic Shipping Freight News
Published 4y-11mo-1w-3d-23h-51m ago
China amp 8217 s Ministry of Industry and Information Technology said that, the country amp 8217 s steel companies recorded a third straight monthly rise in exports during November, stimulated by recovering demand in foreign markets. According to the ministry, China amp 8217 s steel exports incre....
Hellenic Shipping Freight News
Published 4y-11mo-1w-4d-3h-51m ago
China amp 8217 s monthly imports of liquefied natural gas LNG hit a record high of over 9 million tonnes in December, shiptracking data from Refinitiv Eikon showed on Thursday, overtaking Japan as the world amp 8217 s top importer for a second straight month. The country, whose gas demand was on....
Hellenic Shipping Freight News
Published 4y-11mo-1w-4d-15h-51m ago
Russian gas exports by pipeline to customers outside the former Soviet Union reached 179.3 billion cubic metres bcm in 2020, Kremlin controlled gas giant Gazprom said on Saturday, down from 199.2 billion cubic metres reported for 2019. The data includes exports to China of 4.1 bcm via the Power of....
Hellenic Shipping Freight News
Published 4y-11mo-1w-4d-15h-51m ago
South Korea amp 8217 s crude imports tumbled to the lowest level in more than seven years as refineries maintained low run rates due to faltering domestic fuel consumption in the aftermath of the coronavirus pandemic, showed latest data from state run Korea National Oil Corp., KNOC. The world amp ....
Hellenic Shipping Freight News
Published 4y-11mo-1w-4d-15h-51m ago
Japan imported 19 million barrels of crude oil from the UAE during last November, according to data from the Energy and Natural Resources Agency of the Japanese Ministry of Economy, Trade and Industry. The Energy Agency stated that the proportion of oil imports from the UAE amounted to 27.5% of Japa....
Hellenic Shipping Freight News
Published 4y-11mo-1w-4d-15h-51m ago
Starting from next year, China will allow the import of recycling iron and steel materials that meet the national standard since they do not constitute solid waste, authorities said. Strict requirements on import management of recycling iron and steel materials were stipulated, according to a notice....
Hellenic Shipping Freight News
Published 4y-11mo-1w-4d-15h-51m ago
The palm oil imports increased by 29.40 percent during the first five months of the current fiscal year against the imports of the same period of last year. The palm oil imports during July November 2020 21 were recorded at $876.016 million against the imports of $676.977 million during July Novem....
Hellenic Shipping Freight News
Published 4y-11mo-1w-4d-15h-52m ago
Iraq amp 8217 s Ministry of Oil said that Iraq exported 88.21 million barrels of crude oil in December 2020, bringing in revenues of more than 4.2 billion U.S. dollars. The average selling price for crude oil in the last month of 2020 was 47.76 dollars per barrel, according to a ministry statement ....
Hellenic Shipping Freight News
Published 4y-11mo-1w-4d-20h-51m ago
China has issued 5 million tonnes of clean marine fuel export quotas in the first release for 2021, to five companies including a private refiner, according to two trading sources with knowledge of the matter. The quotas for the very low sulfur fuel oil VLSFO were granted to state run Sinopec, CNP....
Hellenic Shipping Freight News
Published 4y-11mo-2w-15h-51m ago
Prices of imported iron ore lumps in China have been persisting high on the solid demand from the remaining firm demand from the Chinese steelmakers towards the end of 2020, market sources shared on Thursday. “Steel mills in North and East China have been procuring iron ore lumps steadily recently....
Hellenic Shipping Freight News
Published 4y-11mo-2w-15h-51m ago
Pakistan LNG is seeking two liquefied natural gas LNG cargoes for delivery in April, a tender document posted on the company website showed. The state run procurement agency is seeking the cargoes on a delivered ex ship DES basis at Port Qasim, Karachi, for delivery over April 5 to 6 and April 1....
Hellenic Shipping Freight News
Published 4y-11mo-2w-15h-51m ago
Asian naphtha is set to begin 2021 on a bullish note, with the market firm on demand recovery from the successful restart of South Korean Lotte Chemical amp 8217 s Daesan steam cracker. Looking forward, fresh steam cracker capacity is expected to come online in the north Asian petrochemicals hub, w....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-3h-51m ago
Japan amp 8217 s crude oil imports in November increased from October, with shipments from Qatar, Russia and Malaysia posting sharp gains as refiners favored middle distillate rich crude grades in an effort to boost kerosene output amid colder than average temperatures nationwide. November crude oi....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-3h-51m ago
The US amp 8217 imposition of quota thresholds in place of a 10% tariff on P1020 aluminum imports from Canada is set to be reevaluated in 2021, but differing outcomes appear to be viable under President elect Joe Biden amp 8217 s incoming administration, according to industry participants. Alumin....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-15h-51m ago
Russia amp 8217 s Urals oil loadings from Primorsk port were revised down by 0.2 million tonnes from a previous 2.9 million tonnes in January, three traders said. Small producers cancelled one cargo for loading from Primorsk on Jan. 25 26, they added. Earlier on Tuesday they said Gazprom Neft cance....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-15h-51m ago
The Philippines is solidifying its status as the next major regional importer of gasoline, with the country amp 8217 s imports of gasoline slated to rise in 2021 on better oil products import infrastructure and lower domestic supply of refined products. The expectations come as the last domestic re....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-15h-51m ago
Iraq’s cabinet approved renewing its contract to supply the Egyptian General Petroleum Corporation EGPC with 12 million barrels of Basra light crude for 2021, a cabinet statement said. Source: Reuters Reporting by Ahmed Rasheed, Writing by Nayera Abdallah Editing by Alison Williams
The post I....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-19h-51m ago
The Taiwan Flour Millers amp 8217 Association purchased an estimated 82,325 tonnes of milling wheat to be sourced from the United States in a tender which closed on Wednesday, European traders said. The wheat was bought in two consignments comprising various wheat types for shipment from the US Pa....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-19h-51m ago
SOCAR Trading UK Limited and ENOC Singapore have offered the lowest prices to supply two liquefied natural gas LNG cargoes to Pakistan LNG Limited PLL for delivery in February 2021, according to a tender document. SOCAR offered a cargo for delivery between Feb. 15 to 16 at a percentage of the ....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-23h-51m ago
A new refrigerated storage tank now in service at a US Gulf Coast ethylene export terminal jointly owned by Enterprise Products Partners and British liquefied gas carrier Navigator will allow the facility to load vessels faster and achieve capacity of 1 million mt/year, the companies said Dec. 29. A....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-23h-51m ago
Chicago soybean prices on Wednesday slid from a 6 1/2 year high hit in the previous session, as Argentine soy crushers signed a deal with oilseed workers to end a strike that had been pushing up prices. The most active soybean contract on the Chicago Board of Trade CBOT slid 0.2% to $12.93 3/4 a b....
Hellenic Shipping Freight News
Published 4y-11mo-2w-1d-23h-51m ago
The fundamentals behind the 2020 Asian corn price rally will continue to have momentum in 2021 as demand in key importing nations sustains trade flows, and China amp 8217 s appetite for stockpiling and pork continues to have an indelible impact on global trade. However, a return of diseases, like t....
Hellenic Shipping Freight News
Published 4y-11mo-2w-2d-3h-51m ago
At least in the oil sector, the global health emergency caused by coronavirus is coming to India amp 8217 s advantage. While the relatively lower global prices helped the government boost its revenues by increasing duty on auto fuels, the demand squeeze due to the pandemic and softer crude prices c....
Hellenic Shipping Freight News
Published 4y-11mo-2w-2d-15h-51m ago
Sinopec Corp pledged on Tuesday to maximise domestic gas productions and raise imports of liquefied natural gas LNG to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel. On Monday China’s central economic planner, the National Deve....
Hellenic Shipping Freight News
Published 4y-11mo-2w-2d-15h-51m ago
Iraq’s oil exports from its southern ports are stable at 2.7 million barrels per day bpd so far in December, Basra Oil Company chief Khalid Hamza told al Sabah state paper. Iraq is fully committed to the OPEC+ oil cut deal, the state paper cited Hamza as saying in a report on Tuesday. Source: Re....
Hellenic Shipping Freight News
Published 4y-11mo-2w-2d-15h-51m ago
Iran will resume normal gas flows to Iraq on Wednesday after reaching an agreement with Iraq on Tuesday over unpaid bills, a spokesman for Iraq amp 8217 s electricity ministry said. Iran amp 8217 s state gas company said on Monday it had slashed supplies to neighbouring Iraq over arrears of more t....
Hellenic Shipping Freight News
Published 4y-11mo-2w-2d-19h-51m ago
The outlook for gas markets in Canada in 2021 appears mostly positive as exports to the US increase and forecasts for a frigid winter look to draw down the nation amp 8217 s storage surplus while production is set to grow for the first time in three years. Strong injections all summer left Canada w....
Hellenic Shipping Freight News
Published 4y-11mo-2w-2d-23h-51m ago
Malaysia has imposed provisional duties on certain cold rolled stainless steel imports from Indonesia and Vietnam, pending the conclusion of an anti dumping investigation, its Ministry of International Trade and Industry said. A preliminary probe, conducted on behalf of the sole Malaysian producer o....
Hellenic Shipping Freight News
Published 4y-11mo-2w-2d-23h-51m ago
Iraq, OPEC amp 8217 s second largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to help reach that target, a deputy oil minister said Dec. 26 Iraq will construct 24 storage tanks with a capacity of ....
Hellenic Shipping Freight News
Published 4y-11mo-2w-3d-3h-51m ago
China has raised quotas for refined fuel export volumes by 5.4% year on year in its first batch of 2021 to seven firms, including a private refiner, according to a state run energy exchange amp 8217 s blog and one of the recipient companies. The country amp 8217 s quota for the first issue of 2021....
Hellenic Shipping Freight News
Published 4y-11mo-2w-3d-15h-51m ago
China has suspended imports of timber from Australia’s New South Wales and Western Australia after local customs offices found pests in cargoes from those states, the General Administration of Customs said. The ban, effective from Wednesday, came after China suspended timber shipments from some Au....
Hellenic Shipping Freight News
Published 4y-11mo-3w-15h-51m ago
China amp 8217 s gasoline and gasoil exports took a break in November from the highs reported in October amid improving domestic demand, while jet fuel outflow inched higher as demand from international flights continue to recover, data released by the General Administration of Customs showed Dec. ....
Hellenic Shipping Freight News
Published 4y-11mo-3w-15h-51m ago
India amp 8217 s crude oil imports fell at the slowest annual rate since the coronavirus pandemic forced lockdowns in the country in March as fuel demand slowly increased. Crude oil imports into the world amp 8217 s third biggest oil importer and consumer rose to 18.28 million tonnes last month, j....
Hellenic Shipping Freight News
Published 4y-11mo-3w-1d-3h-51m ago
Coal is a globally traded commodity, as China appears to be discovering, along with an unpleasant insight into the nimbleness and creativity of participants in the global markets. China’s ban on Australian coal is having a more visible effect on China than it is on the Australian coal exporters. T....
Hellenic Shipping Freight News
Published 4y-11mo-3w-1d-3h-51m ago
Indian refiners have stepped up oil products marketing efforts in Australia, and the South Asian fuel suppliers plan to raise their export market share in the country as Australia faces limitations in producing its own fuel following a series of refinery closures. Australia imported 1.43 million bar....
Hellenic Shipping Freight News
Published 4y-11mo-3w-1d-3h-51m ago
Italian utility Enel canceled an LNG cargo for February delivery from Cheniere Energy, which operates two liquefaction terminals and is the biggest exporter in the US, market sources said Dec. 21. Around five cargoes were heard to have been canceled across US LNG terminals for February delivery, sou....
Hellenic Shipping Freight News
Published 4y-11mo-3w-1d-23h-51m ago
India’s November exports of finished steel fell 31.1% year on year, the third straight month of decline, as strong local demand left less material for overseas markets, provisional data from the Joint Plant Committee showed. “…the progressive unlocking of the economy and improving economic act....
Hellenic Shipping Freight News
Published 4y-11mo-3w-2d-3h-51m ago
Saudi Arabia’s Red Sea crude terminals have taken on critical importance since tensions with Iran have threatened the key Gulf shipping lane through the Strait of Hormuz over the past few years. Serving those ports is Saudi Aramco’s 5 million b/d East West Pipeline, which was hit by a drone atta....
Hellenic Shipping Freight News
Published 4y-11mo-3w-2d-3h-51m ago
The Solvent Extractors’ Association SEA of India has urged the Centre to include proper proviso in ASEAN agreement to restrict/regulate the imposition of export duty by the palm oil exporting country. SEA feels that this will ensure a level playing field for both the countries that export and im....
Hellenic Shipping Freight News
Published 4y-11mo-3w-2d-15h-51m ago
China has issued the first batch of crude oil import quotas for non state companies at 122.59 million tonnes in 2021, two sources with knowledge of the matter said on Monday, up 18% from the first round for 2020. The increase follows the launch of new refining facilities such as the Zhejiang Petroch....
Hellenic Shipping Freight News
Published 4y-11mo-3w-2d-15h-51m ago
Cyprus’ Natural Gas Public Company DEFA has completed the first phase tender process for securing the supply of Liquefied Natural Gas LNG for power generation. Nineteen interested suppliers were selected for the medium term supply of basic quantities with an “LNG Sales and Purchase Agreement....
Hellenic Shipping Freight News
Published 4y-11mo-3w-2d-15h-51m ago
Iraq’s oil minister said on Monday that an agreement has been reached with Lebanon to start fuel export supplies to Beirut in 2021 using global prices, the oil ministry said in a statement. The announcement came after a meeting between Iraq’s Oil Minister Ihsan Abdul Jabbar and his Lebanese coun....
Hellenic Shipping Freight News
Published 4y-11mo-3w-2d-15h-52m ago
China in recent years has been notoriously absent from global corn trade, particularly when compared with its consumption rates, in its efforts to bolster food security and maintain self sufficiency. However, Chinese corn prices surged this year as stockpiles dwindled, forcing the country to scoop u....
Hellenic Shipping Freight News
Published 4y-11mo-3w-3d-3h-51m ago
South Korea’s crude imports from the US nearly halved in November from a year earlier, while shipments from Saudi Arabia continued to rise as local refiners find their staple Middle Eastern oil to be the most reliable and economical feedstock option in times of market uncertainty. South Korean ref....
Hellenic Shipping Freight News
Published 4y-11mo-3w-3d-15h-51m ago
Russia’s plans to significantly increase low sulphur diesel exports to Europe have been hit by sluggish demand amid the pandemic and the slow development of the country’s oil refineries, according to industry data and Reuters calculations. A pipeline called Sever North , a key route for Russian....
Hellenic Shipping Freight News
Published 4y-11mo-3w-4d-15h-51m ago
The federal government has arranged 12 LNG cargoes for January 2021 to meet the demand of gas. One cargo that was scheduled for 30 December and was intended to supply for January 2021, has been moved a few days ago into January. In addition, volume has been increased in certain cargoes. With these r....
Hellenic Shipping Freight News
Published 4y-11mo-3w-4d-15h-52m ago
Angola’s February allocations emerged with its state oil firm receiving two cargoes to offer on Friday. Indian Oil Corp awarded two tenders loading Jan. 29 to Feb. 7 and Feb. 13 22. Shell, Vitol and Chevron were the winners with Nigerian crude, traders said. IOC was said to have taken some non wes....
Hellenic Shipping Freight News
Published 4y-11mo-3w-4d-19h-51m ago
Uzbekistan will cut natural gas exports, which mostly go to China, because of domestic energy shortages, the Central Asian country’s energy ministry said. President Shavkat Mirziyoyev ordered some export shipments to be diverted to domestic consumers late on Wednesday, and his office said the deci....
Hellenic Shipping Freight News
Published 4y-11mo-3w-6d-15h-51m ago
US net export sales of corn for the 2020 21 marketing year September August totaled 1.924 million mt in the week ended Dec. 10, up 41% from the 1.362 million mt in the previous week, according to Department of Agriculture data released Dec 17. The total for the 2020 21 marketing year was up 5% fro....
Hellenic Shipping Freight News
Published 4y-11mo-3w-6d-15h-51m ago
Saudi Arabia’s crude oil exports rose for the fourth straight month to 6.16 million barrels per day bpd in October from 6.07 million bpd in September, official data showed. The world’s largest oil exporter’s total crude and oil products exports rose again month on month by 281,000 bpd to 7.3....
Hellenic Shipping Freight News
Published 4y-11mo-3w-6d-15h-51m ago
Tunisia’s state grains agency has purchased soft wheat, durum and animal feed barley in an international tender that closed on Wednesday, European traders said. Tonnage bought was initially unclear. The purchase was thought to be close to the sought volume of 117,000 tonnes of soft wheat, 100,000 ....
Hellenic Shipping Freight News
Published 4y-11mo-4w-15h-51m ago
Turkey has lowered the tariffs on some grain imports, including wheat and barley, to zero until April 30, 2021, the country’s Official Gazette showed on Thursday. The tariff previously stood at 20%. President Tayyip Erdogan approved the measure, which requires the imported materials to be used for....
Hellenic Shipping Freight News
Published 4y-11mo-4w-15h-51m ago
