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 marks worst week in seven on lower vessel demand
    by hellenicshippingnews... on 17/05/2024 at 9:00 pm

    The Baltic Exchange’s main sea freight index recorded its worst week in seven, weighed down by weaker demand across vessel segments. However, an uptick in capesize vessel rates helped snap a six-session losing streak on Friday. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 27 points, or ...

  • China’s iron ore supply to rise by up to 10 mln tons in 2024, steel association says
    by hellenicshippingnews... on 17/05/2024 at 9:00 pm

    China’s domestic iron ore concentrate output in 2024 will rise between 5 million and 10 million metric tons from the year before, its state-backed steel association said on Friday. “The key domestic iron ore projects have made noticeable progress thanks to efforts from various parties,” the China Iron and Steel Association (CISA) said in a ...

  • Iron ore jumps to over one-week high on China’s property stimulus efforts
    by hellenicshippingnews... on 17/05/2024 at 9:00 pm

    Iron ore futures extended gains on Friday to their highest in more than one week andwere on track for a weekly gain, supported by resilient consumption and a brighter demand outlook in top consumer China thanks to its latest property stimulus efforts. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ...

  • Baltic index hits near two-week low as vessel demand dips
    by hellenicshippingnews... on 16/05/2024 at 9:00 pm

    The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped to its lowest level in nearly two weeks on Thursday, weighed down by weaker rates across all segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 72 points, or 3.81%, to ...

  • China iron ore imports likely at peak, demand composition to shift
    by hellenicshippingnews... on 16/05/2024 at 9:00 pm

    China’s demand for imported iron ore has most likely peaked, but the composition of future imports are likely to shift as the world’s biggest steel producer seeks to decarbonise. China, which buys about 75% of all seaborne iron ore, imported 1.18 billion metric tons of the key steel raw material in 2023, a record high, ...

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

  • Oil heads for weekly gain on hopes of firmer demand
    by hellenicshippingnews... on 17/05/2024 at 9:00 pm

    Oil prices stabilised on Friday, with global benchmark Brent heading for its first weekly gain in three weeks, as economic indicators from big consumers China and the United States bolstered hopes for higher demand. Brent crude oil was up 1 cent, or 0.01%, at $83.28 a barrel by 1324 GMT. U.S. West Texas Intermediate (WTI) ...

  • UAE’s ADNOC planning US trading expansion, sources say
    by hellenicshippingnews... on 17/05/2024 at 9:00 pm

    Abu Dhabi National Oil Company (ADNOC) is planning to set up a trading desk in the U.S. as part of the United Arab Emirates-backed oil and gas producer’s global expansion efforts, several sources familiar with the matter told Reuters. The company has recently held talks to recruit senior energytraders to oversee the U.S. expansion effort, ...

  • US unlikely to change oil sanctions despite new Venezuelan candidate: experts
    by hellenicshippingnews... on 17/05/2024 at 9:00 pm

    Venezuela’s political opposition has united behind a new presidential candidate — Edmundo González Urrutia – and polls suggest he could beat President Nicolás Maduro in July’s elections, but this development is unlikely to change US oil sanctions policy in the near term, experts say. Washington is not expected to change course at this point in ...

  • Russia’s Novorossiisk oil infrastructure hit by drone attack early on Friday, sources say
    by hellenicshippingnews... on 17/05/2024 at 9:00 pm

    A drone attack on Russia’s Black Sea port of Novorossiisk early on Friday hit the Importpischeprom oil products terminal and Sheskharis oil harbour, sources said and video shared on social media showed. The port was shut soon after attack but later resumed oil loadings from Sheskharis oil harbour and fuel oil terminal, according to industry ...

  • Indonesia plans to offer 54 oil and gas blocks over 2024-2028 to boost E&P
    by hellenicshippingnews... on 17/05/2024 at 9:00 pm

    The Indonesian government plans to offer 54 potential onshore and offshore oil and gas blocks over 2024-2028, an upstream senior official said May 16, as the country looks to combat declining production and boost exploration in untapped areas to meet growing demand. Of the 54 blocks, direct offers are likely expected for half of them, ...

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