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Supply disruptions and rising demand boosted East Coast petroleum product imports in March

Imports of petroleum products—gasoline, distillate, and other products—into the East Coast region of the United States increased in March 2021. Rising imports resulted from lower domestic supply, higher demand, and higher domestic petroleum product prices compared with prices in Europe. In March, East Coast petroleum product imports averaged 1.4 million barrels per day (b/d). In …

The post Supply disruptions and rising demand boosted East Coast petroleum product imports in March first appeared...

https://www.hellenicshippingnews.com/supply-disruptions-and-rising-demand-boosted-east-coast-petroleum-product-imports-in-march/

Korea sweeps 60% of global vessel orders in May with ship price at 6-yr high

Korean shipyards swept nearly 60 percent of global vessel orders in May to stay atop in the order book rank, with their heyday fed by vessel value soaring to the highest levels in six years. Korean shipbuilders bagged new shipbuilding contracts of 440,000 compensated gross tonnages (CGTs) or 24...

https://www.hellenicshippingnews.com/korea-sweeps-60-of-global-vessel-orders-in-may-with-ship-price-at-6-yr-high/

Baltic index jumps over 7% on higher rates across vessel segments

The Baltic exchange’s main sea freight index jumped more than 7% on Thursday, propelled by strong gains across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, gained 188 points, or 7.6%, at 2,669. The capesize index...

https://www.hellenicshippingnews.com/baltic-index-jumps-over-7-on-higher-rates-across-vessel-segments/

Geoverse Brings the Power of Private LTE/5G Networks to the Port of Oakland

Geoverse, a national operator of private cellular networks for the enterprise, today announced it has entered into an agreement to provide a private cellular solution for Oakland Maritime Support Services (OMSS) at the Port of Oakland. The private LTE network will leverage Citizens Broadband Radio Service (CBRS) to enable multiple intermodal container yard management applications …

The post Geoverse Brings the Power of Private LTE/5G Networks to the Port of Oakland first appeared on Hellenic...

https://www.hellenicshippingnews.com/geoverse-brings-the-power-of-private-lte-5g-networks-to-the-port-of-oakland/

China to overtake Japan as world’s top LNG buyer in weeks, ICIS says

China’s rising imports of liquefied natural gas (LNG) position it to surpass Japan this year as the world’s largest buyer of the superchilled fuel, pricing data and cargo tracking firm ICIS Edge said on Wednesday. The shift – which some analysts had not expected until 2022 – could happen very soon...

https://www.hellenicshippingnews.com/china-to-overtake-japan-as-worlds-top-lng-buyer-in-weeks-icis-says/

Euro zone inflation likely to rise more in H2, then decline – ECB’s Lagarde

Euro zone inflation is likely to rise more in the second half of 2021 but then decline as temporary factors fade out, European Central Bank President Christine Lagarde said on Thursday. Inflation in the euro zone rose to 2% last month, lifted by rising energy prices to its highest rate since late...

https://www.hellenicshippingnews.com/euro-zone-inflation-likely-to-rise-more-in-h2-then-decline-ecbs-lagarde/

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