Exports of four of Nigeria’s main crude oil grades are set to rise in December to 564,000 barrels per day (bpd) versus 507,000 bpd planned for November, according to loading programmes seen by traders. Source: Reuters (Reporting By Noah Browning; editing by David Evans)
The post Exports Of Four Key...
A 2.1 million-barrel cargo of Iranian condensate, the most recent delivery from a swap pact between the Middle Eastern nation and Venezuela, is expected to begin discharging on Wednesday at a PDVSA port, a document from the state-run firm showed. The U.S.-sanctioned state oil companies from both...
China is facing its worst power crisis in years due to a coal shortage. While Australia has the coal Beijing needs, the world’s second-largest economy is unlikely to reverse an unofficial ban on Australian coal imports anytime soon, analysts told CNBC. That’s despite recent media reports suggesting that China is releasing small quantities of Australian …
The post China Needs More Coal To Avert A Power Crisis — But It’s Not Likely To Turn To Australia For Supply first appeared on Hellenic...
China’s average daily output of crude steel recorded a three-year low in September, according to the China Iron and Steel Association (CISA) Monday. The average daily output in September fell 21.2 percent year on year to 2.46 million tonnes, CISA vice chairperson Qu Xiuli said at a press...
https://www.hellenicshippingnews.com/chinas-daily-crude-steel-output-hits-3-yr-low/
MSC, the second-largest shipping line in the world, will apply new Freight All Kinds (FAK) increases for sailings travelling from Italy to America.
More specifically, the Swiss carrier will increase its rates from the Italian ports of La Spezia and Genova to various American destinations, including Montreal and Vancouver in Canada, Veracruz and Ensenada in Mexico, Caucedo in the Dominican Republic, as well as New York and Long Beach in the United States.
The European liner operator explained that...
https://container-news.com/msc-to-impose-rate-increases-from-italy-to-america/
Demand has jumped for relatively cheap Canadian natural gas, driving exports to the United States to three-year highs and prompting producers in Canada to boost capital spending and drilling activity. Global natural gas prices have hit multi-year highs as world economies recover from last year’s...
A subsidiary of Swiss commodity trader Glencore will buy 800,000 mt/year of LNG from Cheniere Energy’s marketing unit under a 13-year agreement announced Oct. 25. LNG under the agreement will be delivered on a free-on-board basis, beginning in April 2023. The purchase price will be indexed to the...
State-owned CNOOC will import 50,000 mt of gasoil for early November delivery into southern China, but the flow is unlikely to continue due to limited import quota availability amid high domestic prices, sources with knowledge of the matter said Oct. 25. The November-delivery cargo will be rare as...
The ports of Long Beach and Los Angeles will begin assessing a surcharge to ocean carriers for import containers that dwell on marine terminals in an effort to improve cargo movement amid congestion.
Under the new policy, the ports will charge ocean carriers for each container that falls into one of the following two categories.
https://container-news.com/daily-fee-for-import-cargo-the-new-measure-to-ease-california-congestion/
Crude oil demand in Asia, the world’s top importing region, is showing renewed signs of life, with October imports expected to be the highest in seven months and back to pre-pandemic levels. The region’s crude imports this month are estimated at 24.98 million barrels per day (bpd) by Refinitiv Oil...
https://www.hellenicshippingnews.com/asia-crude-oil-imports-recover-in-october-china-stays-weak/