Iron ore posts weekly gains on resilient China demand
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-gains-on-resilient-china-demand/
Iron ore futures declined on Friday amid ongoing uncertainty surrounding Sino-U.S. trade tensions, but posted weekly gains, driven by strengthening near-term demand in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! settled 1.87% lower at 709 yuan ($97.30) a metric ton. The contract rose 0.35% this week. ...
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-gains-on-resilient-china-demand/
Iron ore futures declined on Friday amid ongoing uncertainty surrounding Sino-U.S. trade tensions, but posted weekly gains, driven by strengthening near-term demand in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! settled 1.87% lower at 709 yuan ($97.30) a metric ton. The contract rose 0.35% this week. ...
India’s steel secretary says coking coal imports to accelerate
https://www.hellenicshippingnews.com/indias-steel-secretary-says-coking-coal-imports-to-accelerate/
India’s coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking coal will increase to 160 million tons by 2030 from about 58 million tons as of now, Steel Secretary Sandeep Poundrik said. Coking coal ...
https://www.hellenicshippingnews.com/indias-steel-secretary-says-coking-coal-imports-to-accelerate/
India’s coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking coal will increase to 160 million tons by 2030 from about 58 million tons as of now, Steel Secretary Sandeep Poundrik said. Coking coal ...
Taylor Maritime Sold 11 Vessels
https://www.hellenicshippingnews.com/taylor-maritime-sold-11-vessels/
Taylor Maritime Limited, the specialist dry bulk shipping company, today announces eleven new vessel sales for gross proceeds of $172.5 million, representing an average 4.0% discount to Fair Market Value. These sales are in addition to the previously announced vessel sale in January of $13.9 million (0.5% discount to 30 September 2024 Fair Market Value) ...
https://www.hellenicshippingnews.com/taylor-maritime-sold-11-vessels/
Taylor Maritime Limited, the specialist dry bulk shipping company, today announces eleven new vessel sales for gross proceeds of $172.5 million, representing an average 4.0% discount to Fair Market Value. These sales are in addition to the previously announced vessel sale in January of $13.9 million (0.5% discount to 30 September 2024 Fair Market Value) ...
Baltic Index Logs Second Weekly Gain On Higher Rates Across Vessels
https://www.hellenicshippingnews.com/baltic-index-logs-second-weekly-gain-on-higher-rates-across-vessels/
The Baltic Exchange’s dry bulk sea freight index rose on Friday and posted its second straight weekly gain, helped by higher demand across all vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 20 points, or 1.5%, to 1,373. The index was up nearly 9% for the week. ...
https://www.hellenicshippingnews.com/baltic-index-logs-second-weekly-gain-on-higher-rates-across-vessels/
The Baltic Exchange’s dry bulk sea freight index rose on Friday and posted its second straight weekly gain, helped by higher demand across all vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 20 points, or 1.5%, to 1,373. The index was up nearly 9% for the week. ...
Russia may supply 1.8 bcm of gas to Iran in 2025, price to be agreed
https://www.hellenicshippingnews.com/russia-may-supply-1-8-bcm-of-gas-to-iran-in-2025-price-to-be-agreed/
Russia may supply 1.8 billion cubic metres (bcm) of natural gas to Iran this year at a price which has yet to be agreed, the two countries said on Friday. Iranian Oil Minister Mohsen Paknejad, on a visit to Moscow, said the deal had not been finalised but the two countries were working to clinch ...
https://www.hellenicshippingnews.com/russia-may-supply-1-8-bcm-of-gas-to-iran-in-2025-price-to-be-agreed/
Russia may supply 1.8 billion cubic metres (bcm) of natural gas to Iran this year at a price which has yet to be agreed, the two countries said on Friday. Iranian Oil Minister Mohsen Paknejad, on a visit to Moscow, said the deal had not been finalised but the two countries were working to clinch ...
U.S. oil imports, exports down last week
https://www.hellenicshippingnews.com/u-s-oil-imports-exports-down-last-week-11/
U.S. crude oil imports and exports decreased during the week ending April 18, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. crude oil imports averaged 5.589 million barrels per day (b/d) last week, down by 412,000 b/d from the previous week, while crude oil exports averaged 3.549 million b/d, down by 1.551 million b/d, ...
https://www.hellenicshippingnews.com/u-s-oil-imports-exports-down-last-week-11/
U.S. crude oil imports and exports decreased during the week ending April 18, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. crude oil imports averaged 5.589 million barrels per day (b/d) last week, down by 412,000 b/d from the previous week, while crude oil exports averaged 3.549 million b/d, down by 1.551 million b/d, ...
India’s steel secretary says coking coal imports to accelerate
https://www.hellenicshippingnews.com/indias-steel-secretary-says-coking-coal-imports-to-accelerate/
India’s coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking coal will increase to 160 million tons by 2030 from about 58 million tons as of now, Steel Secretary Sandeep Poundrik said. Coking coal ...
https://www.hellenicshippingnews.com/indias-steel-secretary-says-coking-coal-imports-to-accelerate/
India’s coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking coal will increase to 160 million tons by 2030 from about 58 million tons as of now, Steel Secretary Sandeep Poundrik said. Coking coal ...
Oil Suffers Weekly Loss As Beijing Denies Trump's Claim Of Trade Negotiations
https://shipandbunker.com/news/world/286334-oil-suffers-weekly-loss-as-beijing-denies-trumps-claim-of-trade-negotiations
https://shipandbunker.com/news/world/286334-oil-suffers-weekly-loss-as-beijing-denies-trumps-claim-of-trade-negotiations
Still, metrics paint a far more favourable picture of market health.
Rewriting Women into Maritime History launches international phase
https://www.hellenicshippingnews.com/rewriting-women-into-maritime-history-launches-international-phase/
Following successful UK exhibitions, a project to highlight women’s contributions to the maritime workforce is looking for new stories from around the world. Sarah Mott of Lloyd’s Register Foundation reports Rewriting Women into Maritime History was launched by Lloyd’s Register Foundation in 2023, with Nautilus International as one of the project’s partners. The project uses ...
https://www.hellenicshippingnews.com/rewriting-women-into-maritime-history-launches-international-phase/
Following successful UK exhibitions, a project to highlight women’s contributions to the maritime workforce is looking for new stories from around the world. Sarah Mott of Lloyd’s Register Foundation reports Rewriting Women into Maritime History was launched by Lloyd’s Register Foundation in 2023, with Nautilus International as one of the project’s partners. The project uses ...
S&P Global agrees to acquire ORBCOMM’s Automatic Identification System business, strengthening its supply chain and maritime offerings
https://www.hellenicshippingnews.com/sp-global-agrees-to-acquire-orbcomms-automatic-identification-system-business-strengthening-its-supply-chain-and-maritime-offerings/
S&P Global announced an agreement to acquire the Automatic Identification System (AIS) data services business of ORBCOMM Inc. The AIS business is a leading provider of satellite data services used to track and monitor vessels, enhancing maritime visibility and delivering critical insights that support business intelligence and decision-making for government and commercial clients worldwide. Since ...
https://www.hellenicshippingnews.com/sp-global-agrees-to-acquire-orbcomms-automatic-identification-system-business-strengthening-its-supply-chain-and-maritime-offerings/
S&P Global announced an agreement to acquire the Automatic Identification System (AIS) data services business of ORBCOMM Inc. The AIS business is a leading provider of satellite data services used to track and monitor vessels, enhancing maritime visibility and delivering critical insights that support business intelligence and decision-making for government and commercial clients worldwide. Since ...
Americas Fuel Availability Outlook
https://www.hellenicshippingnews.com/americas-fuel-availability-outlook-66/
North America Houston is currently seeing strong demand, and both HSFO and VLSFO are readily available, with suppliers recommending lead times of around seven days. However, LSMGO supply remains tight through the end of the month, with lead times extending to 7-10 days. Operations in the port are running smoothly, with occasional fog in the ...
https://www.hellenicshippingnews.com/americas-fuel-availability-outlook-66/
North America Houston is currently seeing strong demand, and both HSFO and VLSFO are readily available, with suppliers recommending lead times of around seven days. However, LSMGO supply remains tight through the end of the month, with lead times extending to 7-10 days. Operations in the port are running smoothly, with occasional fog in the ...
Odfjell completes first near carbon-neutral transatlantic voyage using sails and biofuel, saving five tons of fuel every day and improving GHG intensity by 85%
https://www.hellenicshippingnews.com/odfjell-completes-first-near-carbon-neutral-transatlantic-voyage-using-sails-and-biofuel-saving-five-tons-of-fuel-every-day-and-improving-ghg-intensity-by-85/
Odfjell’s chemical tanker Bow Olympus is currently crossing the Atlantic powered by a combination of wind-assisted propulsion and a certified sustainable 100% biofuel. This milestone voyage proves how existing technologies and fuels can be paired to accelerate deep-sea shipping’s transition to net zero emissions. Real-time data from the voyage confirms that this dual propulsion approach ...
https://www.hellenicshippingnews.com/odfjell-completes-first-near-carbon-neutral-transatlantic-voyage-using-sails-and-biofuel-saving-five-tons-of-fuel-every-day-and-improving-ghg-intensity-by-85/
Odfjell’s chemical tanker Bow Olympus is currently crossing the Atlantic powered by a combination of wind-assisted propulsion and a certified sustainable 100% biofuel. This milestone voyage proves how existing technologies and fuels can be paired to accelerate deep-sea shipping’s transition to net zero emissions. Real-time data from the voyage confirms that this dual propulsion approach ...
Taylor Maritime Sold 11 Vessels
https://www.hellenicshippingnews.com/taylor-maritime-sold-11-vessels/
Taylor Maritime Limited, the specialist dry bulk shipping company, today announces eleven new vessel sales for gross proceeds of $172.5 million, representing an average 4.0% discount to Fair Market Value. These sales are in addition to the previously announced vessel sale in January of $13.9 million (0.5% discount to 30 September 2024 Fair Market Value) ...
https://www.hellenicshippingnews.com/taylor-maritime-sold-11-vessels/
Taylor Maritime Limited, the specialist dry bulk shipping company, today announces eleven new vessel sales for gross proceeds of $172.5 million, representing an average 4.0% discount to Fair Market Value. These sales are in addition to the previously announced vessel sale in January of $13.9 million (0.5% discount to 30 September 2024 Fair Market Value) ...
Asia Fuel Oil: Spot premiums retreat; high inventories cap gains
https://www.hellenicshippingnews.com/asia-fuel-oil-spot-premiums-retreat-high-inventories-cap-gains/
Spot premiums for fuel oil dipped in Asia on Friday, with high supply inventories and tepid demand limiting market recovery. Onshore inventories at Singapore have built to their highest in 18 weeks, supported by strong imports from Iraq, showed Enterprise Singapore data. Singapore spot premium for 380-cst high sulphur fuel oil (HSFO) inched lower towards ...
https://www.hellenicshippingnews.com/asia-fuel-oil-spot-premiums-retreat-high-inventories-cap-gains/
Spot premiums for fuel oil dipped in Asia on Friday, with high supply inventories and tepid demand limiting market recovery. Onshore inventories at Singapore have built to their highest in 18 weeks, supported by strong imports from Iraq, showed Enterprise Singapore data. Singapore spot premium for 380-cst high sulphur fuel oil (HSFO) inched lower towards ...
Cashew Nut Shell Liquid – Biofuel Saviour or Concerning Contaminant?
https://www.hellenicshippingnews.com/cashew-nut-shell-liquid-biofuel-saviour-or-concerning-contaminant/
Cashew Nut Shell Liquid – Background As demand grows from all modes of transportation for low-to-zero carbon fuels, to support efforts in complying and achieving numerous environmental legislation leading to global decarbonisation, many alternative fuel sources are being considered. One of the most common and in demand sources of such fuels, is Fatty Acid Methyl ...
https://www.hellenicshippingnews.com/cashew-nut-shell-liquid-biofuel-saviour-or-concerning-contaminant/
Cashew Nut Shell Liquid – Background As demand grows from all modes of transportation for low-to-zero carbon fuels, to support efforts in complying and achieving numerous environmental legislation leading to global decarbonisation, many alternative fuel sources are being considered. One of the most common and in demand sources of such fuels, is Fatty Acid Methyl ...
Most shipping lines can avoid US port fees but Cosco faces major challenge
https://www.lloydslist.com/LL1153279/Most%20shipping%20lines%20can%20avoid%20US%20port%20fees%20but%20Cosco%20faces%20major%20challenge?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
Container lines would have had no choice but to pay enormous US port fees under the draft proposal. The final...
https://www.lloydslist.com/LL1153279/Most%20shipping%20lines%20can%20avoid%20US%20port%20fees%20but%20Cosco%20faces%20major%20challenge?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
Container lines would have had no choice but to pay enormous US port fees under the draft proposal. The final...
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Large Explosion Reported Near Iranian Port of Bandar Abbas
https://shipandbunker.com/news/emea/579193-large-explosion-reported-near-iranian-port-of-bandar-abbas
https://shipandbunker.com/news/emea/579193-large-explosion-reported-near-iranian-port-of-bandar-abbas