Dry bulk and Oil Segments by Hellenic Shipping News Worldwide
Why know about different segments?
Knowing what is happening in different segments of shipping gives industry specialists an edge in negotiations. Certain kinds of news from countries that rely on each other for energy or other resources can often have a profound influence on overall global economics.
Dry Bulk Market – Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping
- Baltic index hits 15-month low as capesize rates dipby hellenicshippingnews... on 04/12/2024 at 10:00 pm
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a 15-month low on Wednesday, dragged down by lower capesize rates. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 57 points to 1,180 points, its lowest since Sep. 2023. The ...
- Iron ore gains as China stimulus hopes outweigh worries of escalating trade tensionsby hellenicshippingnews... on 04/12/2024 at 10:00 pm
Iron ore futures prices gained on Wednesday as lingering expectations of fresh Chinese economic stimulus outweighed concerns over the escalation of trade tensions between the United States and China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.43% higher at 812 yuan ($111.76) a metric ton. It touched ...
- Baltic Dry Index falls to 1180 down 57 pointsby hellenicshippingnews... on 04/12/2024 at 2:00 pm
Today, Wednesday, December 04 2024, the Baltic Dry Index decreased by 57 points, reaching 1180 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
- LNG traders divert cargoes from Europe to Asia as eastern demand strengthensby hellenicshippingnews... on 03/12/2024 at 10:00 pm
Three liquefied natural gas (LNG) cargoes on course for Europe have been diverted to Asia to meet stronger Asian demand and as gas prices in Europe have eased, according to analysts and shipping data. The quick change in course reflects agility oftrading firms in sending LNG supplies to Europe or Asia, whichever pays, as colder ...
- Dry Bulkers in High Demandby hellenicshippingnews... on 03/12/2024 at 10:00 pm
There was a number of second hand deals in the S&P market last week, particularly in the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that it was “another active week on the dry S&P market, with significant activity observed in the Capesize and Handysize sectors. The Scrubber fitted “K. Confidence” – ...
Oil & Companies News – Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping
- Oil slightly firmer ahead of OPEC+ supply decisionby hellenicshippingnews... on 05/12/2024 at 11:00 am
Oil prices were up slightly on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring geopolitical tension in the Middle East. Brent crude futures LCOc1 rose 39 cents, or 0.5%, to $72.70 a barrel by 0944 ...
- After decades, China sputters as engine of global oil demand growthby hellenicshippingnews... on 05/12/2024 at 11:00 am
China’s crude oil imports are on track to peak as soon as next year as transport fuel demand begins to decline for the world’s top crude buyer, ending the country’s decades-long run as the dominant driver of expanding oil consumption. The speed of its transition to electric mobility has stunned oil producers and investors. No ...
- OPEC+ growing ‘more opaque’ as Vienna oil gathering shunned for ‘Zoom’by hellenicshippingnews... on 05/12/2024 at 11:00 am
Since moving its headquarters to Vienna in 1965, OPEC ministers have typically gathered at least twice a year in the Austrian capital to formulate oil production policy, their every move watched by a throng of reporters and analysts aiming to bring transparency to these market-moving summits. Those days are becoming rarer. The next meeting, now ...
- Oil prices edge up ahead of imminent OPEC+ decision; geopolitical turmoil in focusby hellenicshippingnews... on 04/12/2024 at 10:00 pm
Oil prices rose slightly on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts this week while heightened geopolitical tensions continue to dominate market sentiment. Brent crude futures rose 38 cents, or 0.5%, to $74.00 a barrel by 1428 GMT, while U.S. West Texas Intermediate crude futures were up 32 cents, also ...
- OPEC+ starts formal talks at 1100 GMT Thursday; sources see oil cuts extendedby hellenicshippingnews... on 04/12/2024 at 10:00 pm
OPEC+ is likely to extend its latest round of oil production cuts by at least three months from January when it meets online at 1100 GMT on Thursday, OPEC+ sources told Reuters, to provide additional support for the oil market. OPEC+, which pumps about half the world’s oil, was planning to begin unwinding output cuts ...
