This week has seen the VLCC market gain 25 points, turning last week’s firming sentiment into full blown might. It is uncertain, though Source: Affinity Research LLP
https://www.hellenicshippingnews.com/affinity-tanker-weekly-05-october-2018/
This week has seen the VLCC market gain 25 points, turning last week’s firming sentiment into full blown might. It is uncertain, though Source: Affinity Research LLP
https://www.hellenicshippingnews.com/affinity-tanker-weekly-05-october-2018/
China’s leading role in financing a wave of new coal plants across Asia is drawing fresh scrutiny as the world’s top climate scientists weigh calling for much deeper cuts in emissions. China, India, Japan and the Philippines rank among the biggest investors in the 1,380 coal plants under...
U.S. corn futures edged up on Friday to hit a two-month high as a forecast for rains stoked fears of harvest delays, pushing the grain towards its biggest weekly gain since July. Wheat rose, as the grain was poised to finish the week up nearly 2.5 percent, while soybeans was set to finish the week...
Japan’s bunker market is bracing itself for another storm, Typhoon Kong-rey, shortly after Typhoon Trami made landfall last Sunday. Typhoon Kong-rey is expected to move into the Sea of Japan on Saturday, bringing strong winds and heavy rains. The Japan Meteorological Agency at 0245 GMT Friday...
Kuwait Petroleum Corporation, or KPC, is expected to be ready to supply bunker fuel oil with a maximum sulfur content of 0.5% in the fourth quarter of 2019, sources close to the matter said this week. Kuwait is currently carrying out the Clean Fuels Project, which includes construction of a...
Oil prices crept back towards four-year highs on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran’s crude exports. Benchmark Brent crude oil was up 10 cents a barrel at $84.68 by 0820 GMT. On Thursday, Brent fell by $1.34 a barrel or 1.6 percent. The contract is on...
https://www.hellenicshippingnews.com/oil-prices-rise-on-iran-sanctions-outlook-uncertain/
While the new U.S.-Canada-Mexico trade deal brought some signs of relief to American farmers, most of the heartland economy is still suffering from the blow of Donald Trump’s trade war with China. Take for instance April Hemmes, who grows soybeans and corn on 1,000 acres in Iowa. She locked in...
Venezuela’s September crude sales to the United States rose to their highest in over a year, boosted by purchases by Citgo Petroleum, the U.S. refining arm of Venezuela’s state-run PDVSA, and Valero Energy, according to Refinitiv Eikon trade flows data. A collision in August at a dock of...
SEA Europe and ECSA, the trade associations representing respectively European shipbuilding and maritime equipment and European shipowners, welcome the recent statement of EU Trade Commission Cecilia Malmström against unfair trade practices in the Far East. SEA Europe and ECSA now call upon the...
If OPEC is the central bank of oil, then the Trump administration is commanding it to run the printing presses at full speed. The U.S. State Department took the unusual step of issuing a statement on Wednesday asking the cartel to boost production by tapping the supply buffer it maintains in case...
https://www.hellenicshippingnews.com/trumps-request-for-opec-to-max-out-oil-production-may-backfire/