Asia’s regular US crude buyers are keen to add extra WTI Midland barrels to their feedstock basket as China’s faltering interest in the light sweet grade may lead to a few VLCCs per month looking for new buyers at discounts in the Asian market, industry and trade sources said over April 8-11. Many...
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Chevron’s Venezuelan oil cargoes cancelled, stalled amid payment uncertainty
At least two vessels carrying Venezuelan crude chartered by Chevron are stalled due to state oil company PDVSA canceling their export authorizations, according to shipping data and sources, as the government had no certainty of payment amid the hardening of U.S. sanctions on the OPEC-member...
Chinese LNG buyers resell US cargoes as tariffs bite
Chinese buyers of LNG are re-selling U.S.-sourced cargoes as tit-for-tat tariffs drive up import costs, and the trend is set to accelerate as new multi-year supply deals kick in this month and domestic demand weakens, traders and analysts say. Beijing, which imposed 15% tariffs on U.S. LNG imports...
https://www.hellenicshippingnews.com/chinese-lng-buyers-resell-us-cargoes-as-tariffs-bite/
Permit-free entry to EU for Ukrainian cargo extended till year-end, Kyiv says
A freight liberalisation agreement allowing Ukrainian cargo to enter the EU without a transport permit has been extended until the end of the year, Ukrainian officials said on Thursday. The agreement, signed in 2022, cancels the requirement for Ukrainian carriers to obtain permits for bilateral and...
Ukraine’s soybean sales to EU can rise amid tariff war, producers say
Ukraine may increase its soybean exports to the European Union if the trade conflict between the U.S. and the EU escalates, Ukrainian farm producers union UAC said. Ukraine harvested a record 6.2 million metric tons of soybean in 2024, but sowing areas could decrease this year due to price...
Want to cut your trade surplus with Trump? Crude, LNG and coal can help – a bit
Amid the market carnage and turmoil created by U.S. President Donald Trump’s chaotic global tariff roll out and retreat, there are likely some clear trends that will emerge. One of these is that countries seeking to cut a deal with Trump will try to purchase more U.S. goods in order to lower their...
China’s March Iranian oil imports surge on US sanctions fears
China’s imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran could tighten supplies, traders and analysts said. China’s oil imports from Iran surpassed 1.8 million barrels per day last month, an all-time high, coinciding with a rise in...
https://www.hellenicshippingnews.com/chinas-march-iranian-oil-imports-surge-on-us-sanctions-fears/
Singapore’s MPA gets 14 proposals under EOI to scale up LNG bunker supply
The Maritime and Port Authority of Singapore has received 14 proposals under its Expression of Interest to scale up the supply of LNG as marine fuel in the Port of Singapore, the MPA said in a statement on April 10. To support the demand for LNG, the MPA said it expects to call for applications …
Diesel exports from Russia’s Primorsk for April 1-10 expected to drop 15% month on month
Loadings of ultra low-sulphur diesel (ULSD) from the Baltic Sea port of Primorsk over April 1-10 are set to fall to 427,000 metric tons, data provided by trade sources and Reuters calculations show. That would be a 15% decrease from 505,000 tons in the same period of March. Diesel exports from...
Asian buyers shun US farm goods, hit by ship crunch and trade war
Asian buyers are reducing purchases of U.S. agricultural goods as Washington’s planned fees on China-linked vessels and sweeping import duties on key regional trading partners stoke uncertainty and dampen appetite for American products. China, which retaliated with 34% duties on U.S. goods, is the...