US crude and fuel inventories fall, Nigerian crude imports jump, EIA says
https://www.hellenicshippingnews.com/us-crude-and-fuel-inventories-fall-nigerian-crude-imports-jump-eia-says/
U.S. crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years, the Energy Information Administration said on Thursday. Crude inventories fell by 2.8 million barrels to 440.4 million barrels in the week ending May 23, the EIA said, compared with analysts’ expectations in a ...
https://www.hellenicshippingnews.com/us-crude-and-fuel-inventories-fall-nigerian-crude-imports-jump-eia-says/
U.S. crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years, the Energy Information Administration said on Thursday. Crude inventories fell by 2.8 million barrels to 440.4 million barrels in the week ending May 23, the EIA said, compared with analysts’ expectations in a ...
BASSnet and Closelink integration streamlines marine lubricant procurement
https://www.hellenicshippingnews.com/bassnet-and-closelink-integration-streamlines-marine-lubricant-procurement/
Closelink GmbH, a maritime technology company specialising in marine lubricant procurement, and BASS Software, the leading global provider of maritime ERP cloud solutions, have successfully completed an integration between their platforms. The connection enables data sharing, allowing shipping companies to manage marine lubricant procurement with greater speed, accuracy, and efficiency. The integration was fast-tracked to ...
https://www.hellenicshippingnews.com/bassnet-and-closelink-integration-streamlines-marine-lubricant-procurement/
Closelink GmbH, a maritime technology company specialising in marine lubricant procurement, and BASS Software, the leading global provider of maritime ERP cloud solutions, have successfully completed an integration between their platforms. The connection enables data sharing, allowing shipping companies to manage marine lubricant procurement with greater speed, accuracy, and efficiency. The integration was fast-tracked to ...
Oil set for second weekly decline as market eyes another OPEC+ output hike
https://www.hellenicshippingnews.com/oil-set-for-second-weekly-decline-as-market-eyes-another-opec-output-hike/
Oil prices were on track for a second consecutive weekly decline on Friday, weighed down by expectations of another OPEC+ output hike in July and fresh uncertainty after the latest legal twist kept U.S. President Donald Trump’s tariffs in place. Brent crude futures slipped 21 cents, or 0.33%, to $63.94 a barrel by 0626 GMT. ...
https://www.hellenicshippingnews.com/oil-set-for-second-weekly-decline-as-market-eyes-another-opec-output-hike/
Oil prices were on track for a second consecutive weekly decline on Friday, weighed down by expectations of another OPEC+ output hike in July and fresh uncertainty after the latest legal twist kept U.S. President Donald Trump’s tariffs in place. Brent crude futures slipped 21 cents, or 0.33%, to $63.94 a barrel by 0626 GMT. ...
Americas Fuel Availability Outlook
https://www.hellenicshippingnews.com/americas-fuel-availability-outlook-69/
North America Bunker demand in Houston has improved, compared to the beginning of May. Fuel availability is good at the port for prompt delivery with recommended lead times of 5-7 days. The closure of the Houston Ship Channel between the Intracoastal Waterway was lifted earlier on Tuesday, and the channel is now open to all ...
https://www.hellenicshippingnews.com/americas-fuel-availability-outlook-69/
North America Bunker demand in Houston has improved, compared to the beginning of May. Fuel availability is good at the port for prompt delivery with recommended lead times of 5-7 days. The closure of the Houston Ship Channel between the Intracoastal Waterway was lifted earlier on Tuesday, and the channel is now open to all ...
Middle East Crude-Dubai hits one-month high; OPEC+ meeting in focus
https://www.hellenicshippingnews.com/middle-east-crude-dubai-hits-one-month-high-opec-meeting-in-focus/
Middle East crude benchmark spot premiums of Dubai hit their highest in one month on Friday, while that of Oman rebounded after hitting a six-month low in the previous session. Market participants are widely expecting another hike by the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, ahead of ...
https://www.hellenicshippingnews.com/middle-east-crude-dubai-hits-one-month-high-opec-meeting-in-focus/
Middle East crude benchmark spot premiums of Dubai hit their highest in one month on Friday, while that of Oman rebounded after hitting a six-month low in the previous session. Market participants are widely expecting another hike by the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, ahead of ...
MOL Helps Deploy “Argo float”, Ocean Observation Instrument, to Combat Climate Change
https://www.hellenicshippingnews.com/mol-helps-deploy-argo-float-ocean-observation-instrument-to-combat-climate-change/
Mitsui O.S.K. Lines, Ltd. Friday announced that three units of ocean observation instruments called “Argo floats”,(Note 1), which will be used to monitor changes in ocean environment and global climate, were deployed off the coast of Chile in May 2025 from the wood chip carrier Vanguardia (Shipowner: Meiji Shipping Co., Ltd.), operated by MOL Drybulk ...
https://www.hellenicshippingnews.com/mol-helps-deploy-argo-float-ocean-observation-instrument-to-combat-climate-change/
Mitsui O.S.K. Lines, Ltd. Friday announced that three units of ocean observation instruments called “Argo floats”,(Note 1), which will be used to monitor changes in ocean environment and global climate, were deployed off the coast of Chile in May 2025 from the wood chip carrier Vanguardia (Shipowner: Meiji Shipping Co., Ltd.), operated by MOL Drybulk ...
Hapag-Lloyd Strengthens Africa Presence with New Organizational Setup
https://www.hellenicshippingnews.com/hapag-lloyd-strengthens-africa-presence-with-new-organizational-setup/
Today, Hapag-Lloyd announced a strategic restructuring of their Africa organizational setup across the continent. The changes align with the company’s Strategy 2030 and its commitment to growing Africa as a key focus market. The company’s current Area setup will change from two to four Areas, with the intention of securing a broader and stronger presence ...
https://www.hellenicshippingnews.com/hapag-lloyd-strengthens-africa-presence-with-new-organizational-setup/
Today, Hapag-Lloyd announced a strategic restructuring of their Africa organizational setup across the continent. The changes align with the company’s Strategy 2030 and its commitment to growing Africa as a key focus market. The company’s current Area setup will change from two to four Areas, with the intention of securing a broader and stronger presence ...
HSFO margins post weekly losses
https://www.hellenicshippingnews.com/hsfo-margins-post-weekly-losses/
Margins for high sulphur fuel oil logged weekly declines in Asia amid sell-offs, while very low sulphur fuel oil (VLSFO) was largely rangebound, data showed on Friday. Prompt-month cracks for 380-cst HSFO (FO380BRTCKMc1) closed at premiums of about $2.25 a barrel, down 40% from the previous week. The cracks reached fresh highs near $4 a ...
https://www.hellenicshippingnews.com/hsfo-margins-post-weekly-losses/
Margins for high sulphur fuel oil logged weekly declines in Asia amid sell-offs, while very low sulphur fuel oil (VLSFO) was largely rangebound, data showed on Friday. Prompt-month cracks for 380-cst HSFO (FO380BRTCKMc1) closed at premiums of about $2.25 a barrel, down 40% from the previous week. The cracks reached fresh highs near $4 a ...
Columbia Group welcomes UK-EU alignment on ETS but warns it is not a silver bullet for emissions cuts
https://www.hellenicshippingnews.com/columbia-group-welcomes-uk-eu-alignment-on-ets-but-warns-it-is-not-a-silver-bullet-for-emissions-cuts/
Columbia Group has welcomed the UK government’s announcement to link its emission trading system with the EU and is urging other countries to follow suit. Philippos Ioulianou, Managing Director of EmissionLink, member of Columbia Group, believes this move is a milestone moment in the journey of decarbonisation and shows real progression in reducing regulatory fragmentation, ...
https://www.hellenicshippingnews.com/columbia-group-welcomes-uk-eu-alignment-on-ets-but-warns-it-is-not-a-silver-bullet-for-emissions-cuts/
Columbia Group has welcomed the UK government’s announcement to link its emission trading system with the EU and is urging other countries to follow suit. Philippos Ioulianou, Managing Director of EmissionLink, member of Columbia Group, believes this move is a milestone moment in the journey of decarbonisation and shows real progression in reducing regulatory fragmentation, ...
US Ethane Exports to China Face License Requirement
https://www.marinelink.com/news/us-ethane-exports-china-face-license-526337
Chinese purchases of U.S. ethane, a key petrochemical feedstock, face fresh uncertainty after the Commerce Department told exporters to seek licences to export to China, according to trade sources and shipping data.Washington ordered a broad swathe of companies to stop shipping goods…
https://www.marinelink.com/news/us-ethane-exports-china-face-license-526337
Chinese purchases of U.S. ethane, a key petrochemical feedstock, face fresh uncertainty after the Commerce Department told exporters to seek licences to export to China, according to trade sources and shipping data.Washington ordered a broad swathe of companies to stop shipping goods…
India Diesel Exports to Southeast Asia in May at Highest in Four Years
https://www.marinelink.com/news/india-diesel-exports-southeast-asia-may-526340
India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, according to shiptrackers and three trade sources, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.Increased diesel exports from India…
https://www.marinelink.com/news/india-diesel-exports-southeast-asia-may-526340
India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, according to shiptrackers and three trade sources, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.Increased diesel exports from India…
Rosatom Expects Boom in Foreign Vessels Using Arctic Shipping Route
https://www.marinelink.com/news/rosatom-expects-boom-foreign-vessels-526345
Russia expects a 50% rise in voyages by foreign vessels using the Northern Sea Route (NSR) along its Arctic coast this year, which Moscow sees as an alternative to the Suez Canal, state-controlled nuclear energy firm Rosatom told Reuters on…
https://www.marinelink.com/news/rosatom-expects-boom-foreign-vessels-526345
Russia expects a 50% rise in voyages by foreign vessels using the Northern Sea Route (NSR) along its Arctic coast this year, which Moscow sees as an alternative to the Suez Canal, state-controlled nuclear energy firm Rosatom told Reuters on…
OPEC Fears Dominate Crude Trading, Another Weekly Loss Logged
https://shipandbunker.com/news/world/522426-opec-fears-dominate-crude-trading-another-weekly-loss-logged
https://shipandbunker.com/news/world/522426-opec-fears-dominate-crude-trading-another-weekly-loss-logged
Iron ore posts weekly loss on softer China demand, trade uncertainty
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-loss-on-softer-china-demand-trade-uncertainty/
Iron ore futures prices ticked lower on Friday and posted weekly losses amid softening demand for the steelmaking ingredient in China, while traders braced for further bouts of uncertainty around trade. The most-traded September iron ore contract on China’s Dalian Commodity Exchange TIO1! ended daytime trade 0.43% lower at 702 yuan ($97.65) a metric ton, ...
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-loss-on-softer-china-demand-trade-uncertainty/
Iron ore futures prices ticked lower on Friday and posted weekly losses amid softening demand for the steelmaking ingredient in China, while traders braced for further bouts of uncertainty around trade. The most-traded September iron ore contract on China’s Dalian Commodity Exchange TIO1! ended daytime trade 0.43% lower at 702 yuan ($97.65) a metric ton, ...
Baltic Index Posts Weekly Gain On Higher Capesize Rates
https://www.hellenicshippingnews.com/baltic-index-posts-weekly-gain-on-higher-capesize-rates/
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday to post a weekly gain on higher capesize vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 65 points, or 4.8%, at 1,418, its highest in four ...
https://www.hellenicshippingnews.com/baltic-index-posts-weekly-gain-on-higher-capesize-rates/
The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday to post a weekly gain on higher capesize vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 65 points, or 4.8%, at 1,418, its highest in four ...
USGC likely to source more heavy crude from Canada as Venezuela, Mexico supplies decline
https://www.hellenicshippingnews.com/usgc-likely-to-source-more-heavy-crude-from-canada-as-venezuela-mexico-supplies-decline/
US Gulf Coast refiners will likely need to source more heavy crude from Canada as US sanctions cut flows from Venezuela, while imports from Mexico will tighten as that country’s refinery capacity increases, according to analysts. Heavy and medium crude price differentials have been strengthening in response, with Canadian Cold Lake averaging at a $9.45/b ...
https://www.hellenicshippingnews.com/usgc-likely-to-source-more-heavy-crude-from-canada-as-venezuela-mexico-supplies-decline/
US Gulf Coast refiners will likely need to source more heavy crude from Canada as US sanctions cut flows from Venezuela, while imports from Mexico will tighten as that country’s refinery capacity increases, according to analysts. Heavy and medium crude price differentials have been strengthening in response, with Canadian Cold Lake averaging at a $9.45/b ...
Daily Briefing 2 June 2025
https://www.lloydslist.com/LL1152041/Daily%20Briefing%202%20June%202025?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
Increased demand for illicit weapons trade expands North Korea-Russia maritime trade | IMO deal shines light on bumpy road to...
https://www.lloydslist.com/LL1152041/Daily%20Briefing%202%20June%202025?utm_source=search&utm_medium=RSS&utm_term=&utm_campaign=search_rss
Increased demand for illicit weapons trade expands North Korea-Russia maritime trade | IMO deal shines light on bumpy road to...
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