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...
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VHSS New ConTex Container Ship Time Charter Assessment Index Week 39 2018
The present trend carries on this week as almost all sizes are showing decreasing charter rates, although it was touch more active this week in Source: Vereinigung Hamburger Schiffsmakler Und Schiffsagenten e.V.
Global Trade Growth Slowly Losing Steam as Business Feels Pinch
Global trade is continuing to lose a little steam amid an escalating tariff battle between the world’s two biggest economies. The conflict between the U.S. and China escalated this month when Donald Trump’s administration slapped levies on $200 billion of Chinese goods, and the latter retaliated by...
Surging Commodity Prices Could Break the Great Divergence Trade
Voices across Wall Street are anticipating the convergence of U.S. markets with the rest of the world. Higher commodity prices might just make it happen. With OPEC signaling it won’t boost output to cap oil prices, Brent crude surged to a four-year high. Copper also rebounded, putting Bloomberg’s...
Transocean Ltd. Announces Contract Extension for Petrobras 10000
Transocean Ltd. (NYSE:RIG) announced today that the ultra-deepwater drillship Petrobras 10000 was awarded a 790-day contract extension offshore Brazil with Petrobras. The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate,...
Affinity Tanker Weekly, 28 September 2018
VLCC markets are continuing on a firm trajectory this week, and with China’s golden week holiday approaching, charterers are working to Source: Affinity Research LLP
https://www.hellenicshippingnews.com/affinity-tanker-weekly-28-september-2018/
Third time lucky for ECB on rates as oil eyes $100: McGeever
The European Central Bank’s interest rate hikes of 2008 and 2011 were perhaps the biggest policy errors in recent central banking history. With $100 oil coming into view again, the last thing the ECB wants is a repeat. Twice bitten, thrice shy. The price of Brent crude oil this week hit $82.55 a...
https://www.hellenicshippingnews.com/third-time-lucky-for-ecb-on-rates-as-oil-eyes-100-mcgeever/
BP Sees Bigger Impact From Iran Oil Sanctions Than Last Round
Sanctions on Iran’s crude sales are likely to put more pressure on the oil market than the last time, spurring volatility for the rest of the year, according to BP Plc Chief Executive Officer Bob Dudley. The way the world’s financial system works mean U.S. sanctions will create roadblocks for...
https://www.hellenicshippingnews.com/bp-sees-bigger-impact-from-iran-oil-sanctions-than-last-round/
Wallem Celebrates 60 Years of Business in Singapore
On 19th September, Wallem’s Chairman, Board of Directors and Senior Management team were joined by clients, partners, colleagues and friends to mark Wallem Singapore’s 60th Anniversary. The office is headed up by Nitin Nathur, a seasoned maritime professional, with expertise in Commercial...
https://www.hellenicshippingnews.com/wallem-celebrates-60-years-of-business-in-singapore/
Asia’s Aug Iran oil imports hit 2-month low, set to drop further
Imports of Iranian crude oil by major buyers in Asia hit a two-month low in August, hurt by a more than 80 percent plunge in South Korean purchases ahead of upcoming U.S. sanctions on Tehran, government and ship-tracking data showed. China, India, Japan and South Korea last month imported 1.57...
https://www.hellenicshippingnews.com/asias-aug-iran-oil-imports-hit-2-month-low-set-to-drop-further/