KNOT Orders Two New DP2 Shuttle Tanker for Long-Term Charter with Equinor

Knutsen NYK Offshore Tankers (“KNOT”) has been awarded a contract to build two new Shuttle Tankers. The two 153,000 DWT DP2 shuttle tankers will be built by Hyundai Heavy Industries at their shipyard in South Korea and delivered in 2020. The vessels will operate in Brazil, under a long-term charter...

https://www.hellenicshippingnews.com/knot-orders-two-new-dp2-shuttle-tanker-for-long-term-charter-with-equinor/

Singapore fuel oil inventories jump as weekly exports fall to over 7-year low

Singapore fuel oil inventories jumped 15% to a 10-week high in the week to Sept 26, boosted by thin export volumes, official data showed. – Singapore’s onshore fuel oil inventories surged 2.328 million barrels, or about 347,000 tonnes, to 17.616 million barrels, or 2.629 million tonnes, data from...

https://www.hellenicshippingnews.com/singapore-fuel-oil-inventories-jump-as-weekly-exports-fall-to-over-7-year-low/

Rebar steel, coke hit 2-month lows as China ditches blanket curbs

Prices of rebar steel and coke dropped to two-month lows in China on Friday amid expectations that output could rise after Beijing scrapped blanket production cuts for winter. In its final anti-pollution plan for winter, China’s environment ministry said on Thursday it would allow local authorities...

https://www.hellenicshippingnews.com/rebar-steel-coke-hit-2-month-lows-as-china-ditches-blanket-curbs/

Gibraltar bunker operations in Aug at lowest since March: Port Authority

The number of bunkering operations at the Mediterranean hub of Gibraltar fell to 463 in August, the lowest since March and down from 504 in July, according to data from the Gibraltar Port Authority. Tight product availability — an issue through out the summer, with limited supplies of HSFO in the...

https://www.hellenicshippingnews.com/gibraltar-bunker-operations-in-aug-at-lowest-since-march-port-authority/

JPMorgan Chase & Co. Reiterates “$20.00” Price Target for Star Bulk Carriers (SBLK)

Star Bulk Carriers (NASDAQ:SBLK) has been given a $20.00 target price by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, September 11th. The firm presently has a “buy” rating on the shipping company’s stock. JPMorgan Chase & Co.’s price target suggests a...

https://www.hellenicshippingnews.com/jpmorgan-chase-co-reiterates-20-00-price-target-for-star-bulk-carriers-sblk/