(Bloomberg) — The cost of shipping crude oil along key routes to Asia is slumping as supertankers take shorter trips and demand softens in China. Freight rates for a Very…
https://gcaptain.com/slumping-freight-rates-telegraph-warning-on-asian-crude-demand/
(Bloomberg) — Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California is making for a longer but potentially cheaper journey….
https://gcaptain.com/canada-finds-its-cheaper-to-ship-oil-via-stop-in-california/
Port Houston’s container cargo volumes surged 21% in May; while the Port of Corpus Christi, Texas, recorded a 6.7% increase in total shipments.
Port Houston sees boost in cargo volumes from consumer spending
Port Houston handled 364,866 twenty-foot equivalent units in May, a 21% year-over-year (y/y) increase.
Buoyed by regional consumer spending on items like furniture, hardware and other retail goods, the port handled 164,572 TEUs in load imports in May, an 18% y/y increase, according to a news...
https://www.freightwaves.com/news/texas-gulf-coast-ports-record-strong-freight-movements-in-may
By Dmitry Zhdannikov, Alex Lawler and Maha El Dahan LONDON, May 30 (Reuters) – OPEC+ is working on a complex deal to be agreed at its meeting on Sunday that will allow…
https://gcaptain.com/opec-working-on-complex-deal-to-extend-production-cuts-into-2025-sources-say/
HOUSTON, May 20 (Reuters) – Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently…
SINGAPORE, May 21 (Reuters) – Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like China, South Korea and Japan, with many of the world’s…
https://gcaptain.com/oil-shipments-at-risk-from-rising-sea-levels-think-tank-warns/
By Bill Lehane (Bloomberg) –Supertankers hauling crude oil to China surged to the highest in almost a year. Some 124 of the vessels are signaling China — the world’s biggest oil…
https://gcaptain.com/oil-supertankers-headed-for-china-jump-to-the-highest-in-a-year/
Corpus Christi, Texas, and the Port of New Orleans saw increased cargo volumes in February, led by container exports of plastic resins and chemicals, along with shipments of crude oil.
Port of New Orleans reports 11% increase in container volumes
Boosted by shipments of coffee, chemicals and plastic resins, the Port of New Orleans saw an 11% year-over-year (y/y) rise in container volumes at 42,760 twenty-foot equivalent units during February.
“Plastic resins and miscellaneous chemicals were the...
Cargo flow was up at ports in Houston and New Orleans, but freight movements slowed slightly in Corpus Christi, Texas, due to lower exports of oil and petroleum in January.
Port Houston container shipments up 4% in January
Container movements started off the year on high note at Port Houston, with the port handling 332,961 twenty-foot equivalent units in January, a 4% year-over-year (y/y) increase compared to 2023.
Officials said total container imports exceeded any January on record at the...
https://www.freightwaves.com/news/texas-louisiana-ports-january-cargo-volumes-a-mixed-bag
LONDON, Jan 19 (Reuters) – The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels…
https://gcaptain.com/europe-africa-crude-market-tightens-on-red-sea-disruptions-china-demand/