Dry Bulk and Oil Segments

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 dry bulk index logs best week in more than two months
    by hellenicshippingnews... on 10/05/2024 at 9:00 pm

    The Baltic Exchange’s main sea freight index marked its best week in more than two months on Friday, despite a daily decline attributed to weakness in capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 37 points, or 1.7%, to 2,129. The index was up more ...

  • China’s 2024 iron ore imports seen at record on higher supplies, robust demand
    by hellenicshippingnews... on 10/05/2024 at 9:00 pm

    China’s iron ore imports are likely to climb to an all-time high this year, helped by shipments from India and Ukraine, as well as resilient demand in the world’s biggest consumer of the key steelmaking ingredient, analysts and market participants said. Imports are expected to rise between 15 to 50 million metric tons from last ...

  • China April soybean imports jump 18% to record high for the month
    by hellenicshippingnews... on 10/05/2024 at 9:00 pm

    China’s soybean imports in April jumped 18% from a year earlier, data showed on Thursday, as buyers snapped up cheap and plentiful Brazilian beans from the South American producer while it was wrapping up its harvest season. Total arrivals for the month were 8.57 million metric tons, according to the General Administration of Customs, the ...

  • Iron ore hits more than 2-week low on rising inventory, demand caution
    by hellenicshippingnews... on 10/05/2024 at 9:00 pm

    Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports and caution about demand outlook, but property support measures in China lent some support. The most-traded September iron ore on China’s Dalian Commodity Exchange (DCE) DCIOcv1 fell as much as 1.6% to 857 yuan ($118.62) ...

  • Baltic index snaps five-day rally as capesize rates sink
    by hellenicshippingnews... on 09/05/2024 at 9:00 pm

    The Baltic Exchange’s main sea freight index snapped a five-session winning streak on Thursday, as rates for the capesize vessel segments dipped. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 37 points, or 1.7%, to 2,166. The capesize index .BACI dipped 136 points, or 3.8%, to 3,405 points. ...

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

  • OPEC switches to ‘call on OPEC+’ in global oil demand outlook, sources say
    by hellenicshippingnews... on 10/05/2024 at 9:00 pm

    OPEC will stop publishing a calculation of the world’s demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead on forecasts for demand for oil from the wider OPEC+ group. The change reflects what has become long-standing cooperation between the members of the Organization of the ...

  • Oil prices see-saw on conflicting demand signs from China, US
    by hellenicshippingnews... on 10/05/2024 at 9:00 pm

    Oil prices wavered between positive and negative territory in a narrow trading range on Friday as investors grappled with conflicting demand signals out of top two crude oil consumers China and the U.S. Brent futures were down 13 cents to $83.75 a barrel by 11:21 a.m. (1521 GMT) U.S. West Texas Intermediate crude shed 4 ...

  • Founder of Singapore oil trading firm convicted in cheating case- media
    by hellenicshippingnews... on 10/05/2024 at 5:00 pm

    The founder of collapsed oil trading firm Hin Leong Trading Pte Ltd was convicted by a Singapore court on Friday of cheating global bank HSBC HSBA.L and abetting forgery, local media reported. The former tycoon Lim Oon Kuin, known as O.K. Lim, was convicted on three charges, local media said, in a case involving $111.7 ...

  • Shell’s Singapore refinery sale and its market significance
    by hellenicshippingnews... on 10/05/2024 at 1:00 pm

    Oil giant Shell (LON:) said on Wednesday that it has agreed to sell its Bukom refinery in Singapore – one of the world’s largest oil refining and trading centres – to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore (OTC:), culminating a process that began last year. Here ...

  • BP softens tone on 2030 oil output cut to reassure investors
    by hellenicshippingnews... on 10/05/2024 at 1:00 pm

    BP (NYSE:BP) softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap with rivals. CEO Murray Auchincloss has in recent months pivoted the London-based firm’s strategy to focus heavily on returns. He has been ...

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