Strong cost inflation in the global metallurgical coal sector suggests that miners may focus on cost controls as prices decline from their current high levels over the next 18 months, say Fitch Ratings and CRU. However, mining companies rated by Fitch are well-positioned for any potential squeeze...
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Trade dispute to hurt U.S. LNG sector
Beijing’s countermeasure against the United States in their trade dispute would hurt U.S. liquefied natural gas exporters while providing opportunities to other LNG-exporting countries, said the Ministry of Commerce. “The trade war between China and the United States has brought damage to the...
https://www.hellenicshippingnews.com/trade-dispute-to-hurt-u-s-lng-sector/
Athenian Shipbrokers S.A. Monthly Report September 2018
Athenian Shipbrokers S.A. Monthly Report September 2018 Source: ATHENIAN SHIPBROKERS S.A.
https://www.hellenicshippingnews.com/athenian-shipbrokers-s-a-monthly-report-september-2018/
Trafigura merges global fuel oil, gasoil trading desks ahead of IMO 2020 -source
Swiss trading house Trafigura has merged its global fuel oil and gasoil trading desks ahead of new shipping fuel regulations starting in 2020 set by the United Nations’ shipping agency, three trade sources said. The merger is “a prudent step to structure ourselves for future market conditions...
EU Plan to Sidestep Iran Sanctions Won’t Keep Oil Flowing
A proposed plan by the European Union, Russia and China to sidestep U.S. sanctions on Iran by using an alternative payment system won’t give its oil buyers a free pass to handle Iranian crude. Legal sanctions experts and oil traders said the creation of a special purpose vehicle and payments...
https://www.hellenicshippingnews.com/eu-plan-to-sidestep-iran-sanctions-wont-keep-oil-flowing/
Oil steady as Saudi supply balances Iran sanctions
Oil prices steadied on Friday as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production. Global crude oil benchmark Brent was up 20 cents at $81.92 a barrel by 0820 GMT. The contract hit a four-year high of $82.55 this week but...
https://www.hellenicshippingnews.com/oil-steady-as-saudi-supply-balances-iran-sanctions/
Predictions Of Early ‘Peak Oil’ Demand Don’t Pass The Goldilocks Test
Adherents of the currently faddish demand side of “Peak Oil” theory (as opposed to the formerly faddish supply side, which was completely blown out of the water in recent years by the shale revolution) received a big dose of bad news over the weekend from OPEC. At a meeting with its non-OPEC...
KNOT Concludes Time-charter Contract for Two Shuttle Tankers
NYK Group company Knutsen NYK Offshore Tankers AS, of which NYK has a 50 percent share, has concluded a time-charter contract for two shuttle tankers with Equinor ASA for a maximum 20-year period starting in the second quarter of 2020. The contract aims to use two 152,000 DWT Suezmax tankers...
https://www.hellenicshippingnews.com/knot-concludes-time-charter-contract-for-two-shuttle-tankers/
Marshall Islands Registry’s Maritime Services Group Meeting Highlights Local Maritime Support
Last week saw the last meeting for 2018 of the Maritime Services Group (MSG) at International Registries, Inc.’s (IRI’s) global headquarters in Reston, VA. Pulling together resources from 28 worldwide offices, these regular meetings, the third one this year, provide an opportunity for IRI’s...
China restricts coal imports to boost local miners
China has introduced unofficial restrictions on coal imports in a bid to prop up domestic prices by slowing down customs approvals at key ports, in a move that threatens to disrupt a year of stronger-than-expected Chinese demand for Australian thermal coal. Traders on Wednesday confirmed reports...
https://www.hellenicshippingnews.com/china-restricts-coal-imports-to-boost-local-miners/