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 1-week peak as vessel rates gainby hellenicshippingnews... on 24/11/2022 at 10:00 pm
The Baltic Exchange’s dry bulk sea freight index touched a one-week high on Thursday, propelled by stronger demand across vessels segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, added 58 points, or about 4.9%, to 1,242. The capesize index jumped 165 points, or 13.5%, ...
- Dry Bulk Earnings Expected to Remain Subdued for the Time Beingby hellenicshippingnews... on 24/11/2022 at 10:00 pm
The dry bulk market is expected to remain in bearish territory for the next few months analysts claim. In its latest weekly report, shipbroker Allied said that “there has been a fair amount of distress noted in the dry bulk sector for some time now. For many, the feel is that this bearish period has ...
- Ukraine grain exports sputter after extension deal with Russiaby hellenicshippingnews... on 24/11/2022 at 10:00 pm
Ukraine’s grain exports have gotten off to a slower start after a U.N.-brokered deal was extended last week to help ease global hunger, and one Ukrainian envoy put part of the blame on Russia’s reluctance to speed up ship inspections. Since the agreement was extended beyond Nov. 19, no more than five ships a day ...
- First-ever shipment of Brazilian corn to China underway, more expected in coming daysby hellenicshippingnews... on 24/11/2022 at 10:00 pm
The first shipment of Brazilian corn has started its voyage to Guangzhou, China after MV Star Iris, laden with 67,000 mt of corn, sailed from the Brazilian port of Santos at about 5 pm local time Nov. 23, according to shipping website Kpler. The shipment was widely anticipated by market participants after multiple trades were ...
- Iron ore futures snap 3-day losing streak on China property support movesby hellenicshippingnews... on 24/11/2022 at 10:00 pm
Dalian iron ore futures snapped a three-session losing streak on Thursday, as recent support measures for China’s property sector outweighed worries over the recent rise in COVID-19 cases. The most-traded January iron ore on China’s Dalian Commodity Exchange ended day-time trade 1.3% higher at 732.0 yuan ($102.36) a tonne, off an earlier high. On the ...
Oil & Companies News – Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping
- Sabic plans project to convert crude oil into petrochemicalsby hellenicshippingnews... on 24/11/2022 at 10:00 pm
Saudi Basic Industries Corporation is planning to set up a plant to convert crude oil into petrochemicals, capitalising on growing demand. The crude-to-chemicals complex in Ras Al Khair, in the east of Saudi Arabia, is expected to convert 400,000 barrels per day of oil into chemicals, the company said in a statement on Thursday to ...
- Proposed G7 oil price cap to have little immediate impact on Russian revenueby hellenicshippingnews... on 24/11/2022 at 10:00 pm
The Group of Seven (G7) nations’ proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow’s revenues, as it is broadly in line with what Asian buyers are already paying, five industry sources with direct knowledge of the purchases said on Wednesday. The goal of the price cap ...
- Abu Dhabi’s Murban crude premium surges to 4-month high amid prompt Asian demandby hellenicshippingnews... on 24/11/2022 at 10:00 pm
Premiums for Abu Dhabi’s light sour Murban crude surged to near four-month high following the emergence of belated demand from Asian buyers as a wide Brent/Dubai spread and rising freights affect economics of alternative arbitrage barrels, sources told S&P Global Commodity Insights Nov. 24. At the Asia close Nov. 23, the January IFAD Murban spread ...
- U.S. President Biden says Russian oil price cap in playby hellenicshippingnews... on 24/11/2022 at 10:00 pm
U.S. President Joe Biden said on Thursday that price caps on Russian oil being proposed under the Group of Seven nations (G7) scheme were in play, adding that he had spoken to Treasury Secretary Janet Yellen on the issue. “Yes, it’s in play,” Biden told reporters during a Thanksgiving holiday visit to a fire station ...
- Oil flows to Slovakia resumed following short suspension – economy ministryby hellenicshippingnews... on 24/11/2022 at 10:00 pm
Flows of oil to Slovakia via the Druzhba pipeline through Ukraine were restored late on Thursday following a suspension earlier in the day, the Slovak Economy Ministry said in a statement. “Oil is currently flowing to Slovakia via the Druzhba pipeline from the Ukrainian side. Oil supplies to Slovakia were briefly interrupted this afternoon due ...
