Oil ebbs as China’s slowest GDP growth in almost three decades stokes demand fears

Oil prices slid on Friday on jitters over demand from China after the world’s largest oil importer recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. Global benchmark Brent crude oil futures fell by 21 cents, 0.4%, to...

https://www.hellenicshippingnews.com/oil-ebbs-as-chinas-slowest-gdp-growth-in-almost-three-decades-stokes-demand-fears/

BHP holds met coal, iron ore output guidance steady despite lower Q1 production

Australian mining giant BHP reported Thursday that its metallurgical coal and iron ore production fell in the first quarter of the 2019-2020 (July-June) fiscal year, but has maintained its guidance ranges for the 12-month period. BHP’s share of metallurgical coal production from its Queensland Coal...

https://www.hellenicshippingnews.com/bhp-holds-met-coal-iron-ore-output-guidance-steady-despite-lower-q1-production/

Hapag-Lloyd announces GRIs from East Asia

Hapag-Lloyd will increase rates for all cargoes and all container types from East Asia to South America East Coast with effect from November 1, 2019 as follows:

  • USD 600 per Container

In addition, Hapag-Lloyd announces a General Rate Increase (GRI) in basic ocean rates for all cargoes and all container types from East Asia (incl. Japan and Oceania) to Indian Subcontinent ports, effective as from November 1, 2019 as follows:

  • USD 200 TEU

The post Hapag-Lloyd announces GRIs from East Asia appeared...

https://container-news.com/hapag-lloyd-gris-east-asia/

Saudi crude exports remain steady at 6.88 million bpd in August: JODI data

Saudi Arabia’s crude oil exports in August remained unchanged at 6.88 million barrels per day (bpd) month-on-month, official data showed. The country’s crude output also rose 209,000 bpd to 9.789 million bpd in August, a month after falling to its lowest since March 2014. In August, Saudi Arabia’s...

https://www.hellenicshippingnews.com/saudi-crude-exports-remain-steady-at-6-88-million-bpd-in-august-jodi-data/

Australia gasoline imports from US surge in Aug amid tight Asian supply

Australia received more than 1.4 million barrels of automotive gasoline from the US in August, marking the biggest monthly import volume from the North American supplier this year as tight availability and lofty price tags in Asia prompted the Oceania consumer to shop for cargoes elsewhere. US...

https://www.hellenicshippingnews.com/australia-gasoline-imports-from-us-surge-in-aug-amid-tight-asian-supply/

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