South Korea’s KOMIPO seeks one LNG cargo for March delivery – sources

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...

https://www.hellenicshippingnews.com/south-koreas-komipo-seeks-one-lng-cargo-for-march-delivery-sources/

Algeria tenders to buy nominal 50,000 tonnes durum wheat -traders

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...

https://www.hellenicshippingnews.com/algeria-tenders-to-buy-nominal-50000-tonnes-durum-wheat-traders/

IOCL, GAIL in talks with UAE’s ADNOC for long-term LNG contract

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/

CN analysis: Freight rates on Indian trades continue to cool amid falling export volumes

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...

https://container-news.com/cn-analysis-freight-rates-on-indian-trades-continue-to-cool-amid-falling-export-volumes/

Russia ramps up diesel supplies to Turkey, Africa ahead of EU embargo

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...

https://www.hellenicshippingnews.com/russia-ramps-up-diesel-supplies-to-turkey-africa-ahead-of-eu-embargo/

India’s sunoil imports rise to record as Russia-Ukraine fight for market share

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...

https://www.hellenicshippingnews.com/indias-sunoil-imports-rise-to-record-as-russia-ukraine-fight-for-market-share/

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