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

  • Australian Coal Exports Down in 2022, Despite Overall Rise in Seaborne Coal Trade
    by hellenicshippingnews... on 24/03/2023 at 10:00 pm

    The seaborne coal market grew by almost 6% during 2022, reversing the negative trend of the previous years. As more countries chose to boost their use of conventional energy, coal was again in high demand. However, Australia’s coal exports were still down last year, mainly as a result of China’s choice of alternative markets for ...

  • Baltic index marks first weekly fall in five
    by hellenicshippingnews... on 24/03/2023 at 10:00 pm

    The Baltic Exchange’s main sea freight index edged higher on Friday on stronger demand in the larger capesize vessel segment, although it marked its first weekly decline in five. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 5 points to 1,489. The index, however, was down about 3% ...

  • Argentina exchange sees 2022/23 soy imports up 139% due to drought
    by hellenicshippingnews... on 24/03/2023 at 10:00 pm

    Argentina’s soybean imports are expected to more than double this season due to the devastating impacts of a historic drought on the country’s 2022/23 harvest, the country’s Rosario grains exchange said in a report on Thursday. Argentina is the world’s leading exporter of soybean oil and meal, thanks to a powerful grain processing industry that ...

  • Russia has no plans to halt wheat exports – sources
    by hellenicshippingnews... on 24/03/2023 at 10:00 pm

    Russia has no plans to halt wheat exports but wants exporters to ensure prices paid to farmers are high enough to cover average production costs, two sources familiar with the matter, told Reuters on Friday. This would mean keeping export prices for wheat at or above $275 to $280 per tonne, they added. Russian Vedomosti ...

  • Iron ore rebounds as further fall in port inventories lifts sentiment
    by hellenicshippingnews... on 24/03/2023 at 10:00 pm

    Dalian and Singapore iron ore futures rebounded in afternoon trading on Friday as sentiment improved, helped by data showing that inventories at Chinese ports continued to fall in the past week. The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) ended daytime trading 0.29% higher at 866.5 yuan ($126.43) a tonne, ...

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

  • Goldman Sachs says buy oil-stock pullbacks, highlighting a Club name to purchase
    by hellenicshippingnews... on 24/03/2023 at 10:00 pm

    Goldman Sachs said in a research note Thursday the recent energy sector pullback should be viewed as a reason to buy since that strategy has worked well since late 2020. Thinking along those lines, we did add to one of our three oil exploration and production (E&P) stocks twice this month. However, we’re currently debating ...

  • Oil slides 2.5% on concerns over health of banking sector
    by hellenicshippingnews... on 24/03/2023 at 10:00 pm

    Oil prices fell about 2.5% on Friday amid declining European banking shares and after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years, dampening demand prospects. Brent crude fell $1.85, or 2.4%, to $74.06 a barrel by 11:13 a.m. EST (1513 GMT, while West Texas Intermediate U.S. ...

  • China vows green future for oil and gas works
    by hellenicshippingnews... on 24/03/2023 at 10:00 pm

    China has vowed to vigorously promote the integrated growth of oil and gas exploration and development with new energy, while actively expanding the scale of green electricity utilization by oil and gas enterprises. By 2025, cumulative crude oil production will increase by more than 2 million metric tons through enhanced oil recovery methods, according to ...

  • US oil, gas rig count inches up one to 839 as Permian Basin chalks up 7-rig slide
    by hellenicshippingnews... on 24/03/2023 at 10:00 pm

    The US oil and gas rig count inched up by just one for the week ending March 15 to 839, an analysis of S&P Gkobal Commodity Insight showed, although the Permian Basin – the US’ biggest oil-weighted play – registered a seven-rig slide in the same period. The Permian’s drop in rigs put its rig ...

  • U.S. energy secretary says it could take years to refill oil reserve
    by hellenicshippingnews... on 24/03/2023 at 6:00 pm

    It could take years for the United States to refill the Strategic Petroleum Reserve, the energy secretary told lawmakers on Thursday, after sales directed by President Joe Biden last year pushed the stockpile to its lowest level since 1983. “This year, it will be difficult for us to take advantage of this low price,” Energy ...

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