South Korea’s major LPG distributors maintained an upbeat domestic sales projection for the year on the back of robust feedstock requirement for petrochemical products that support the manufacture of medical goods as well as an increase in heating fuel usage, which support the consumption outlook...
https://www.hellenicshippingnews.com/s-koreas-upbeat-domestic-lpg-sales-boon-for-us-suppliers/
Australian coal exports face a GFC-style threat to their viability, one of the country’s top insolvency experts will claim as Chinese import restrictions, reduced demand and funding for renewables wipes out key markets. McGrathNicol’s chairman Jason Preston will on Tuesday say the escalation of China’s trade restrictions completes “a perfect storm” for coal exporters, as …
The post Australian coal exports face ‘perfect storm’ as China restrictions hit first appeared on Hellenic Shipping News...
Australia is in an unfavorable position in its trade dispute with China, which has found alternative sources like the U.S. for supplies, according to S&P Global Platts. China is currently importing a lot of produce from the U.S., including wheat, corn and soybeans, Andrei Agapi, Asia-Pacific associate pricing director for agriculture at Platts, told CNBC’s …
The post China may find alternatives sources, but Australian produce can still compete, S&P Global Platts says first appeared on Hellenic...
India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after Joseph Biden becomes president of the United States, Oil Minister Dharmendra Pradhan said. “As a buyer I would like to have more buying places. I should have more destinations to go for...
https://www.hellenicshippingnews.com/india-looks-to-resume-iran-venezuela-oil-imports-under-biden/
Amid the latest ugly flare-up of harsh words and lowbrow politics between China and Australia, the main trade between the two countries of iron ore sails on seemingly unaffected. After a brief easing of tensions between the nations, political temperatures returned to boiling point recently as a...
The US, which was one of Turkey’s top rebar export destinations before the Trump administration imposed Section 232 tariffs in June 2018, regained its position in 2020, as prices in the US market rose notably due to the tariff, making exports to that country profitable again for Turkish mills....
https://www.hellenicshippingnews.com/us-again-one-of-turkeys-top-rebar-export-destinations-in-2020/
Japan imported from the United Arab Emirates 21.850 million barrels of crude oil in October 2020, data released by the Agency of Energy and Natural Resource in Tokyo showed. This accounts for 31.2 percent of Japan’s total crude imports, the agency that belong to the Ministry of Economy, Trade and...
https://www.hellenicshippingnews.com/japan-imported-21-850-mmb-of-crude-oil-from-uae-in-october/
Brazil’s Petrobras on Monday projected a surge in oil exports and divestments over the next five years as it steps up plans to target overseas demand and cut debt. In a virtual presentation to investors during the state-controlled company’s annual investor day, Petroleo Brasileiro SA, as it is...
https://www.hellenicshippingnews.com/brazils-petrobras-aims-to-step-up-oil-exports-and-asset-sales/
Turkey’s state grain board TMO has issued an international tender to purchase a total of about 400,000 tonnes of milling wheat, traders said on Monday. The tender closes on Dec. 4, they said. Shipment is requested in 2021 between Jan. 8 and Jan. 25. Red milling wheat is sought in a series of...
https://www.hellenicshippingnews.com/turkey-tenders-to-buy-about-400000-tonnes-wheat-trade/
The Indonesian government has announced the export duty on Crude Palm Oil in December will be raised to $33/mt from $3/mt Nov. 30, after the December reference price of CPO exports was calculated at $870.77/mt, up from $782.03/mt in November. The move was expected by market participants due to...