Germany, one of the world’s main maritime players, saw its commercial fleet shrink by a third over the past six years, becoming the biggest loser in a vicious industry slump that has reshaped global shipping. Once the world’s predominant shipping lenders, most German banks have abandoned ship...
https://www.hellenicshippingnews.com/germanys-commercial-shipping-fleet-shrinks-by-a-third/
At least two cargoes of U.S. soybeans are heading for China as some buyers are willing to risk taking up historically cheap U.S. beans even amid worries that Beijing may take further steps to deter imports amid mounting trade tensions with Washington. Grain traffic from the United States to China...
A buyer in the United Arab Emirates (UAE) has issued an international tender to purchase up to 60,000 tonnes of milling wheat, European traders said on Monday. The tender also closes on Monday, Sept. 24. Shipment was sought in October/November. Russia and Ukraine were tipped as the likely origins...
https://www.hellenicshippingnews.com/uae-buyer-tenders-to-purchase-up-to-60000-tonnes-wheat-trade/
Based on a proposal by the Commissioner for Budget and Human Resources, Günther H. Oettinger, today the European Commission has decided to send a Reasoned Opinion to the United Kingdom because of its failure to make customs duties available to the EU budget, as required by EU law. This is the...
Tighter global shipping pollution regulations from 2020 will lead to a temporary surge in oil demand while denting the oil revenues of producers of heavy or high sulfur crudes, OPEC said in its annual long-term oil forecast Sunday. The International Maritime Organization’s global marine fuels...
China imported 4.71 million tonnes of liquefied natural gas (LNG) in August, up 51.5 percent year on year, the country’s customs authority said. Total LNG imports in the first eight months reached 32.63 million tonnes, up 47.8 percent year on year, according to the General Administration of...
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. Iran’s Naftiran Intertrade Co Ltd, a trading arm for state-owned National...
https://www.hellenicshippingnews.com/chennai-petroleum-cancels-iran-oil-imports/
The development of floating offshore wind will be held up by the limitations of current port infrastructure, recent research has revealed. As part of the Floating Wind Joint Industry Report, published on behalf of the Carbon Trust, LOC Renewables, a world-leading marine and engineering consultancy,...
Klaveness Combination Carriers AS (“KCC” or the “Company”), the leading owner and operator of modern combination carriers, announces the successful closing of the private placement of common shares as announced on 10 September 2018. The Company will issue 8,241,750 common shares at a subscription...
Soybeans have become something of a poster child for the U.S.-China trade war, with everyone from Treasury Secretary Steven Mnuchin to President Donald Trump opining on the humble oilseed. But the tariffs are also sparking some little-known consequences. One of the biggest impacts of China’s 25...