Dry Bulk and Oil Segments

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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 ticks up as capesizes snap 4-day losing streak
    by hellenicshippingnews.. on 17/08/2022 at 9:00 pm

    The Baltic Exchange’s main sea freight index rose on Wednesday as capesize vessel rates snapped a four-session long losing streak. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 7 points, or 0.5%, at 1,394 points. * The capesize index gained 24 points, or 2.3%, at 1,083 points. ...

  • Baltic Dry Index falls to 1387 down 17 points
    by hellenicshippingnews... on 16/08/2022 at 12:50 pm

    Today, Tuesday, August 16 2022 , the Baltic Dry Index decreased by 17 points, reaching 1387 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 ...

  • EU ban on Russian coal imports comes into force
    by hellenicshippingnews... on 16/08/2022 at 10:00 am

    The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been scrambling to find alternative sources including Colombia, Australia and the US. Russian coal imports to the European Union are not permitted for the foreseeable future starting this Wednesday. The EU forbade ...

  • Dry Bulk Market: Recovery Still Elusive for the Capesize Market
    by hellenicshippingnews.. on 15/08/2022 at 9:00 pm

    Capesize The Capesize market continues to dwell in the doldrums as any attempts to spark a rally were quickly dealt a hammer blow as the 5TC closed the week at $10,898. This rate level is less than a third of the same time last year. The market was reasonable active this week. The Pacific market ...

  • Indian companies swapping dollar for Asian currencies to buy Russian coal
    by hellenicshippingnews.. on 15/08/2022 at 9:00 pm

    Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar and cutting the risk of breaching Western sanctions against Moscow. Reuters previously reported on a large Indian coal deal involving the Chinese yuan, but the customs data underline how non-dollar ...

Oil & Companies News – Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping

  • India eases Russian oil buying in July, boosts Saudi imports -trade
    by hellenicshippingnews... on 18/08/2022 at 10:00 am

    India’s crude oil imports from Russia in July fell for the first time since March along with its overall purchase while supplies from Saudi Arabia rebounded for the first in five months, data obtained from trade and industry sources showed. Indian refiners lifted more term supplies from Saudi Arabia as prices were attractive while prices ...

  • Oil prices hold steady as recession worries offset lower U.S. stocks
    by hellenicshippingnews... on 18/08/2022 at 10:00 am

    Oil prices were little changed on Thursday as investors grappled with falling stockpiles in the United States, rising output from Russia and worries about a potential global recession. Brent crude futures climbed 15 cents, or 0.2%, to $93.80 a barrel by 0347 GMT. U.S. crude futures gained 4 cents, or 0.1%, to $88.15 a barrel. ...

  • Oil Prices Hit Six-Month Low on Concerns of Global Recession
    by hellenicshippingnews.. on 17/08/2022 at 9:00 pm

    The energy sector is set for a lower open, tracking declining broader index futures (S&P 500 futures -0.8% as of 8:40 AM ET) and a slight pullback in front-end oil prices after futures touched a 6-month low yesterday. Target reported a 90% drop in quarterly earnings as excess inventory built during the heart of the ...

  • ENGINE: Europe & Africa Fuel Availability Outlook
    by hellenicshippingnews.. on 17/08/2022 at 9:00 pm

    Northwest Europe Supply of VLSFO and HSFO is said to be slightly tight in the ARA hub this week, where securing prompt deliveries can be difficult, sources say. Recommended lead times for VLSFO and HSFO in the ARA are around five days. Some suppliers can offer prompt supply for limited quantities, a source says. Meanwhile, ...

  • Phillips 66 offers to buy pipeline operator DCP Midstream
    by hellenicshippingnews.. on 17/08/2022 at 9:00 pm

    U.S. refiner Phillips 66 (PSX.N) on Wednesday offered to acquire the public units of DCP Midstream (DCP.N) in a deal that would value the pipeline operator at $7.2 billion deal and bulk up Phillip’s natural gas liquids business. A deal would mark the first major move by Mark Lashier, who took over as the chief ...

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