South Korea’s Korea Midland Power Co (KOMIPO) is seeking one liquefied natural gas (LNG) cargo for delivery in March on a delivered ex-ship (DES) basis, said two industry sources. The company is seeking delivery of the cargo between March 21-23, and the tender closes on Feb. 1. Source: Reuters...
Algeria’s state grains agency OAIC has issued an international tender to purchase a nominal 50,000 tonnes of durum wheat, European traders said on Monday. The deadline for submissions of price offers in the tender is Tuesday, Jan. 31, with offers having to remain valid until Wednesday, Feb. 1, they...
In a bid to secure India’s energy needs at affordable prices, state-run Indian Oil Corporation Ltd (IOCL) and GAIL are in talks with the UAE’s Abu Dhabi National Oil Company (ADNOC) for a long-term liquefied natural gas (LNG) supply contract. The talks are at a fairly advanced stage, according to...
https://www.hellenicshippingnews.com/iocl-gail-in-talks-with-uaes-adnoc-for-long-term-lng-contract/
Container freight rates on trades out of India have continued to cool, albeit at a slower pace on shipments to Europe, according to the latest market analysis by Container News.
On the westbound India-Europe trade, average contract rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway in the United Kingdom or Rotterdam in the Netherlands have softened to US$1,250 per 20-foot container and US$1,450/40-foot container, from US$1,300 and...
Independent Russian oil refiner Forteinvest has clinched a deal that will see Russian gasoline sent to Pakistan by land for the first time, two industry sources said on Friday, as Russian refiners seek alternative markets for motor fuels days before an EU import ban. Forteinvest has sold to a...
U.S. soybean exports have been unusually strong so far this month and sales activity has ticked up in recent weeks despite a weaker outlook from the government. In line with most analyst ideas, the U.S. Department of Agriculture earlier this month reduced domestic 2022-23 export estimates for both...
https://www.hellenicshippingnews.com/recent-bump-in-u-s-soy-bookings-eases-forward-sales-pressure/
The European Union has agreed a full ban on Russian oil product imports from Feb. 5 in an attempt to cut Russia’s revenues for its role in the military conflict with Ukraine. The Group of Seven (G7) coalition is also planning to impose price caps on Russian fuel. Russia will divert its supplies to...
The world’s top thermal coal exporter shocked global markets a year ago by temporarily banning coal exports to protect domestic power producers, sending coal prices soaring and kicking off an historically volatile year for coal and other power fuels. But since then Indonesia has made a different...
https://www.hellenicshippingnews.com/beware-indonesias-coal-export-heft-in-2023/
India’s January sunflower oil imports are set to surge to a record 473,000 tonnes, nearly triple average monthly imports as top exporters Russia and Ukraine seek to reduce stockpiles, industry officials told Reuters. Record imports by India, the world’s biggest vegetable oil importer, come as...
Majors had many cargoes on offer on Friday but appetite remained thin owing to holidays in China. Total was offering Angolan Pazflor at dated Brent minus 80 cents, Congolese Djeno at dated Brent minus $3.50 and Nigerian Forcados at dated Brent plus $6.50 a barrel. Exxon Mobil was offering a variety...
https://www.hellenicshippingnews.com/oil-cargoes-offers-abound-in-chinese-demand-lull/