Azerbaijan is keen to further leverage its transit and logistics potential by transforming the transportation system and services into one of the key comparative advantages of its economy, Azerbaijan’s Foreign Minister Elmar Mammadyarov said. He was speaking in New York at the Informal Meeting of...
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India MRPL seeks 2 mln bbls sour oil for Nov, U.S. oil for December
India’s Mangalore Refinery and Petrochemicals Ltd has floated a tender to buy 2 million barrels of high-sulphur oil for November lifting, a tender document showed on Friday, a day after the refiner sought similar volumes from the United States. The tender will close on Oct. 3 with bids remaining...
ClassNK Advises Existing Ships to Install Ballast Water Management Systems Early On
Leading classification society ClassNK has analyzed the retrofitting status of ballast water management systems (BWMS) on its registered ships and confirmed that installation deadlines based on the Ballast Water Management Convention (BWM Convention) for many of them are highly concentrated in the...
China plans to launch iron ore options in 2019 – source
China aims to launch iron ore options next year, a source with direct knowledge of the matter said, as the world’s top buyer of the steelmaking raw material looks to offer more hedging tools to iron ore producers and steelmakers. China’s plan follows the opening of its iron ore futures to foreign...
https://www.hellenicshippingnews.com/china-plans-to-launch-iron-ore-options-in-2019-source/
‘Big Opportunity’ Looms for Canadian Soybeans in U.S.-China Spat
Canada, a relatively modest participant in the global soybean market, is poised to leap into the fray with a chance to boost exports to China, which has shunned shipments from the U.S. amid an escalating trade war. “There’s a big opportunity for Canadians to fill some of that void that we’re...
https://www.hellenicshippingnews.com/big-opportunity-looms-for-canadian-soybeans-in-u-s-china-spat/
Mexico’s Pemex to begin importing US crude in H2 October: CEO
Pemex plans to begin importing light crude from the US Gulf Coast in the second half of October, CEO Carlos Trevino told S&P Global Platts. The imports will enable Pemex to raise its total crude processing to 700,000 b/d-800,000 b/d in the final months of 2018, he said on the sidelines of the...
https://www.hellenicshippingnews.com/mexicos-pemex-to-begin-importing-us-crude-in-h2-october-ceo/
“Scrubbers a Financial Decision, Not an Environmental One”, Says Shipowner
The 18th NAVIGATOR FORUM was held this year in Chios Island, September 21-23, 2018 with the warm hospitality of Chians. This is the first time that NAVIGATOR SHIPPING CONSULTANTS, organized such a week-end for shipping decision makers, with a range of activities facilitating a friendship atmosphere...
Japan power firms’ June LNG consumption rises 3.5 pct y/y
Japanese power companies consumed 3.85 million tonnes of liquefied natural gas (LNG) for power generation in June, up 3.5 percent from a year ago, preliminary electricity data from the Ministry of Economy, Trade and Industry showed. Following is a table outlining the main fuels used in power...
https://www.hellenicshippingnews.com/japan-power-firms-june-lng-consumption-rises-3-5-pct-y-y/
GRAINS-Soybean prices edge up, but set to finish the quarter down 2.5 pct
U.S. soybean futures edged up on Friday to extend gains into a fourth session, though they were set for a quarterly loss of more than 2.5 percent as the Sino-U.S. trade war threatens demand for U.S. supplies. Corn was unchanged on the day, but poised for quarterly gains of more than 1.5 percent....
Platts Japan Q4 aluminum premium assessed at $103/mt plus LME, CIF
S&P Global Platts on Friday assessed the premium for imported primary aluminum in the fourth quarter at $103/mt plus London Metal Exchange cash, CIF main Japanese ports, down 22% from the Q3 premium. The Q4 assessment was on the basis of 10 settlements reported at $103/mt plus LME cash for the...