HHI has received an AiP during a presentation at Gastech – the leading exhibition and conference for the global gas, LNG and energy industries held 17-20 September in Barcelona, Spain – from LR for a VLGC design capable of using LPG as fuel. This development was the result of collaboration between...
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OPEC, allies overachieved on output cut by 600,000 bpd in August – Oman
OPEC and non-OPEC oil producers overachieved on pledged crude output cuts by 600,000 barrels per day in August, Oman’s oil minister Mohammed bin Hamad Al-Rumhy said on Saturday. The size of the cut was around 2.4 million bpd, Rumhy told reporters. Source: Reuters (Reporting by Ahmad Ghaddar;...
Best Oasis Weekly Recycling Market Report, Week 38 2018
India Market: Indian market stands positive, yet there are speculations created by some cash buyers who are trying to drive the market upwards Source: Best Oasis Limited
https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-week-38-2018/
Platts JKM: Asia November LNG spot prices fall on thin demand
The Asian LNG benchmark JKM ended the week at $11.35/MMBtu for cargoes delivering in November, the new front month, down 6% from $12.069/MMBtu on Monday when the assessment period started, as a lack of buy interest for late autumn deliveries dragged down the market. Trade activity was thin...
https://www.hellenicshippingnews.com/platts-jkm-asia-november-lng-spot-prices-fall-on-thin-demand/
Mabanaft bunker fuel unit closes Singapore, Antwerp offices ahead of IMO 2020
German oil product trader Mabanaft’s marine fuel trading unit Bomin plans to close its Singapore and Antwerp, Belgium offices later this year, Bomin said. Bomin to operate only from Houston, Texas and Hamburg, Germany “The Bomin group is in a transformation and restructuring process and intense...
Expect volume spike on sector reshuffle, quadruple witching
An overhaul of Wall Street’s technology and media sectors will coincide with the quarterly expiration of futures and options, potentially bringing a burst of volume and volatility to trading on Friday and the days that follow. After the close on Friday, S&P Dow Jones Indices will reorganize several...
https://www.hellenicshippingnews.com/expect-volume-spike-on-sector-reshuffle-quadruple-witching/
European coal market struggles with surge of off-spec flows
The European thermal coal market was struggling with close to record high stockpiles at the key Amsterdam-Rotterdam-Antwerp hub, as an increased volume of off-spec coals flowed into the region, sources said. European utilities have been blending off-spec coals for many years as it is typically a...
https://www.hellenicshippingnews.com/european-coal-market-struggles-with-surge-of-off-spec-flows/
White House optimistic on China trade; no date for more talks
The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing’s response to the latest round of tariffs, a senior White House official said. The official said despite its protestations,...
https://www.hellenicshippingnews.com/white-house-optimistic-on-china-trade-no-date-for-more-talks/
Turkish shipbuilders seek to boost indigenous ratio
Turkish shipbuilders are looking to boost the indigenous ratio in the shipbuilding industry above the existing 70 percent, a top trade group told Anadolu Agency. Mehtap Karahalli Ozdemir, head of the Turkish Shipbuilders Association (GISBIR), said that Turkish shipyards are qualified to produce...
https://www.hellenicshippingnews.com/turkish-shipbuilders-seek-to-boost-indigenous-ratio/
ECB Heads for Peak Liquidity as Euro-Area Stimulus Tools Top Out
The euro zone’s era of massive excess liquidity, courtesy of the European Central Bank, is about to peak. Next week, lenders must repay 9 billion euros ($10.6 billion) outstanding from cheap loans the ECB doled out in 2014-2016, when the bloc was teetering on the edge of deflation. Next month, the...