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 falls for the month as vessel demand wanes
    by hellenicshippingnews... on 31/05/2023 at 9:00 pm

    The Baltic exchange’s main sea freight index recorded its first monthly decline in four on Wednesday, on weakness in shipping rates across all segments, with lower coal demand dragging the capesize segment down in particular. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 146 points, or 13.0%, to ...

  • Dry bulk Market: Demand to Grow by up to 2.5% in 2023 BIMCO says
    by hellenicshippingnews... on 31/05/2023 at 9:00 pm

    We predict that global dry bulk demand will grow between 1.5% and 2.5% in 2023, and between 1% and 2% in 2024. Average haul is estimated to increase slightly, contributing between 0% and 1% tonne miles in 2023. Sailing distances for coal increased due to sanctions on Russian coal, which came into effect in August ...

  • Baltic dry bulk index extends slide for 13th Day
    by hellenicshippingnews... on 30/05/2023 at 9:00 pm

    The Baltic Exchange’s main sea freight index of shipping rates for dry bulk commodities fell for the 13th straight session on Tuesday, hitting a near three-month low as rates fell across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 49 points, or 4.2%, to 1,129 ...

  • Asia’s seaborne thermal coal imports hit record high as prices slip
    by hellenicshippingnews... on 30/05/2023 at 9:00 pm

    Asia’s imports of seaborne thermal coal surged to the highest on record in May as cheaper prices tempted buyers in the region’s developing economies. A total of 78.38 million tonnes of the fuel used primarily to generate electricity is likely to be offloaded across Asia in May, according to data compiled by commodity analysts Kpler. ...

  • Dalian iron ore gives up early gains on falling steel prices
    by hellenicshippingnews... on 30/05/2023 at 9:00 pm

    Dalian iron ore futures gave up early gains on Tuesday to close daytime trade slightly lower, dragged down by falling prices of other steelmaking ingredients and steel products. Coking coal lost 2.36% and coke dropped 2.32%, undermined by weak market fundamentals. Rebar on the Shanghai Futures Exchange declined by 0.83% to 3,460 yuan a tonne, ...

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

  • Turkey’s TPAO, Azeri SOCAR in talks to partner in Caspian, Black Sea
    by hellenicshippingnews... on 31/05/2023 at 9:00 pm

    Turkey is in talks to jointly develop its Black Sea gas field with Azerbaijan, in return for exploration and development of Azeri hydrocarbons in the Caspian Sea, the chief executive of Turkey’s oil and gas developer TPAO said on Wednesday. “TPAO actually wants to act together with (Azerbaijan’s) SOCAR in its open seas. We are ...

  • Oil falls on weak China data, stronger US dollar
    by hellenicshippingnews... on 31/05/2023 at 9:00 pm

    Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down 37 cents, or 0.5%, to $73.34 a barrel at 12:07 p.m. EDT (1707 GMT). U.S. West Texas Intermediate crude (WTI) fell 54 cents, or 0.8%, ...

  • Rosneft’s Q1 net profit up 45.5% Q/Q to $4 bln, more than expected
    by hellenicshippingnews... on 31/05/2023 at 9:00 pm

    First-quarter net profit of Russia’s largest oil producer Rosneft ROSN.MM rose by 45.5% from the previous three months to 323 billion roubles ($4 billion) on the back of rising output, the company said on Wednesday, exceeding expectations. It also said its core profit (EBITDA) increased in January-March to 672 billion roubles, up 25.1% from the ...

  • OPEC oil output falls in May after voluntary cuts – Reuters survey
    by hellenicshippingnews... on 31/05/2023 at 9:00 pm

    OPEC oil output fell in May after Saudi Arabia and other members of the broader OPEC+ alliance made voluntary output cuts to support the market, a Reuters survey found on Wednesday, although increases elsewhere in the group limited the decline. The Organization of the Petroleum Exporting Countries has pumped 28.01 million barrels per day (bpd) ...

  • Oman’s oil output rises in April, but exports drop 6.7%
    by hellenicshippingnews... on 31/05/2023 at 9:00 pm

    Oman’s daily average production of crude oil continued to remain above one million barrels per day (bpd) during the first four months of 2023, up by 2.4 per cent in comparison to daily average output recorded in the same period of last year. Daily average oil output during the January-April period of 2023 increased to ...

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