Euro zone manufacturing growth slowed further to a two-year low at the end of the third quarter, in another sign the escalating trade war between the United States and China was hurting factories elsewhere too, a survey showed. Growth in manufacturing activity has dwindled across the euro currency...
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Japan’s Aug crude imports from Iran rise 65% on year to 177,475 b/d: METI
Japan’s crude oil imports from Iran jumped 65% year on year in August, marking the fourth consecutive month of increase, according to government trade data. This signals domestic refiners’ efforts to take as many cargoes as possible before US sanctions against Iran come into effect in November. The...
California’s ballast water exchange law
Vessels calling in the United States can still use exchanges to treat ballast water prior to their respective deadlines for installing a USCG type-approved treatment system. However, failure to properly conduct exchanges can lead to substantial penalties, especially in California. You can read more...
https://www.hellenicshippingnews.com/californias-ballast-water-exchange-law/
Focus on Ballast Water Management implementation
The IMO treaty countering the threat to marine ecosystems by potentially invasive species transported in ships’ ballast water entered into force globally in September 2017. One year on, the number of ratifying States stands at 77, representing just over 77% of world gross tonnage, and the issue of...
https://www.hellenicshippingnews.com/focus-on-ballast-water-management-implementation/
Dollar cements gains on growing rate gap bets
The dollar consolidated recent gains and held below a near one-month high on Monday as higher U.S. Treasury yields boosted appeal for the greenback while the euro struggled to stay above 1.16 levels on the Italian budget concerns. “Relative interest rate differential story is back and that is...
https://www.hellenicshippingnews.com/dollar-cements-gains-on-growing-rate-gap-bets/
U.S. Factory-Sector Growth Pulled Back in September
American factory activity decelerated in September, pulling back from a 14-year high in August. The Institute for Supply Management on Monday said its manufacturing index fell to 59.8 in September from 61.3 in August, the highest level since May 2004. Numbers above 50 indicate activity is expanding...
https://www.hellenicshippingnews.com/u-s-factory-sector-growth-pulled-back-in-september/
U.S. net natural gas exports in first half of 2018 were more than double the 2017 average
From January through June of 2018, net natural gas exports from the United States averaged 0.87 billion cubic feet per day (Bcf/d), more than double the average daily net exports during all of 2017 (0.34 Bcf/d). The United States, which became a net natural gas exporter on an annual basis in 2017...
Weber Weekly Tanker Report Week 39 – Spot Market Summary
VLCC rates were strengthening this week and are poised for more substantial gains in the coming week on the back of strong draws on Source: Charles R. Weber Company, Inc
https://www.hellenicshippingnews.com/weber-weekly-tanker-report-week-39-spot-market-summary-2/
Nigeria: Vessel financing fund hits $300m, say ship owners
The Nigeria Indigenous Ship Owners Association has calculated that the Cabotage Vessel Financing Fund has accumulated up to $300m in the last 10 years. The President, NISA, Aminu Umar, stated this during the Annual General Meeting of the association in Lagos. He said, “The Cabotage Act has been on...
https://www.hellenicshippingnews.com/nigeria-vessel-financing-fund-hits-300m-say-ship-owners/
GAC South Africa beat the odds to deliver convoy for BW Offshore
When GAC South Africa’s team in Cape Town was appointed to handle the passage of two tugs, Fairmount Summit and Fairmount Expedition, towing the floating production storage and offloading (FPSO) Berge Helene bound for the Far East, the odds seemed to be stacked against them. But perseverance and...