Taiwan’s Formosa Petrochemical Corp (FPCC) 6505.TW has kickstarted its November spot sales for 10 ppm sulphur gasoil via a sales tender, three sources familiar with the matter said on Tuesday. The refiner is looking to sell at least one 300,000-barrel cargo for loading between Nov. 24 and Nov. 28,...
https://www.hellenicshippingnews.com/taiwans-fpcc-kickstarts-november-spot-gasoil-sales-sources/
Japan’s imports of Saudi crude oil increased slightly in August to about 27.93 million barrels or 36 percent, according to the Japanese Ministry of Economy, Trade and Industry’s Agency for Natural Resources and Energy. In July, Japan’s imports of Saudi crude oil were 27.6 million barrels or 38...
https://www.hellenicshippingnews.com/japan-increases-august-crude-oil-imports-from-saudi-arabia/
Morocco is expected to buy 2.5 million tonnes, or half of its soft wheat needs, from France this season ending June 2024, Yann Lebeau, Maghreb region head at French wheat professionals group Intercereales, said. France has already shipped 1 million tonnes to the drought-hit country this summer,...
Southeast Asian countries are expected to be key demand drivers for the LNG market by 2030, industry watchers say. Trade in global liquefied natural gas rose to a record in 2022, fueled largely by a surge in demand from Europe as the region moves away from relying on Russian pipelines following...
India’s share of Russian Urals oil shipments in September declined from August amid refinery maintenance, while Turkey increased purchases due to a shortage of sour barrels in the Mediterranean, according to traders, LSEG data and Reuters calculations. Urals, KEBCO and Siberian Light grade loadings...
Australia expects its export volume of metallurgical coal to rise to an estimated 172 million mt in 2023-24 (July-June), up 9.6% from about 157 million mt in 2022-23, data released by the Department of Industry, Science and Resources showed Oct. 3. Met coal exports in 2024-25 is seen stable at 172...
https://www.hellenicshippingnews.com/australia-sees-higher-2023-24-met-coal-exports-on-new-mines/
Russian oil companies are planning to ask President Vladimir Putin for the export ban on diesel and gasoline to be lifted as it could lead to problems on the domestic market, the daily Kommersant reported. Oil companies are concerned that refineries, which cannot ship their summer diesel, may not...
As we are around three months away from the implementation of carbon taxation (ETS) in the European Union (EU) and everyone agrees that this will be a high cost, there is significant uncertainty as to the precise cost.
Presently, only two carriers, Maersk and Hapag-Lloyd, have in recent weeks announced indications of these coming surcharges.
“There are many methodological problems in how to calculate the cost of ETS per container, given how the EU regulators have deemed to define the ETS, and...
The negative price arbitrage for Atlantic LNG cargoes into Asia since April has restricted inter-basin trade and made it more difficult for Asian consumers to access spot supply heading into peak winter season, according to data analysis and industry feedback. While global competition for LNG...
https://www.hellenicshippingnews.com/closed-lng-arbitrage-endangers-winter-supply-to-asia/
Egypt, which faces growing demand for gas from its population of 105 million, will resume liquefied natural gas (LNG) exports this month as planned, petroleum minister Tarek El Molla said on Tuesday. “We are still arranging and preparing for that, quantities are not yet defined,” he told Reuters on...
https://www.hellenicshippingnews.com/egypt-to-resume-lng-exports-this-month-minister-says/