China is expected to buy large volumes of US soybeans in the fourth quarter, but is projected to fall short of Phase 1 trade deal targets, S&P Global Platts head of grain and oilseed analytics, Pete Meyer, said. Chinese crushers normally turn to US soybeans in Q4, after the US soybean harvest...
Algeria’s state grains agency OAIC is believed to have purchased about 300,000 tonnes of optional-origin milling wheat in an international tender which closed on Tuesday, European traders estimated on Wednesday. Initial unconfirmed trade estimates had put the purchase at about 240,000 tonnes and...
https://www.hellenicshippingnews.com/algeria-bought-estimated-300000-tonnes-wheat-in-tender-trade/
Oman has told its crude oil term customers of a cut of about 10% in allocations for September loading and delivery, the oil ministry said on Wednesday. The reduction, of which customers were notified on Tuesday, reflects the Gulf oil producer’s “100% commitment to the OPEC+ alliance by cutting...
Ecuador’s state-run oil company Petroecuador said it had awarded U.S. refiner Phillips 66 the right to buy 3.6 million barrels of Oriente crude in a spot-market tender launched earlier this week. Petroecuador said Phillips 66 presented the best bid of the seven companies that participated in the...
Qatargas Operating Company Limited (Qatargas) announced today the delivery of the first cargo of liquefied natural gas (LNG) on a Q-Flex LNG carrier to the Adriatic LNG receiving terminal in Italy. The cargo aboard the Qatargas-chartered LNG vessel, ‘Tembek,’ was loaded at Ras Laffan on 9th June...
Germany imported 13.3% more natural gas in April than a year earlier and 8.7% more in January-April compared with the same period of 2019, official data showed on Tuesday. April imports totalled 447,872 Terajoules (TJ), or 12.7 billion cubic metres (bcm), trade statistics office BAFA, which...
https://www.hellenicshippingnews.com/germanys-gas-imports-rose-in-april-first-four-months-of-year/
ENEOS Corp. has advised S&P Global Platts that it would like to participate in the Platts Asia Market on Close assessment processes for Asia crude cargoes, and partials. Platts has reviewed ENEOS Corp. and will consider information from ENEOS in the Asia assessment processes for Asia crude cargoes,...
https://www.hellenicshippingnews.com/eneos-to-join-asia-crude-cargoes-partials-mocs/
Hapag-Lloyd and CMA CGM have unveiled fresh prices and surcharges across the globe, effective from July and August.
The French shipping group has announced a freight of all kinds (FAK) rate increase from Asia to the Red Sea for dry, out of gauge (OOG), breakbulk and reefer cargo of US$300 and US$200, effective 1 July and 8 July respectively.
Effective from 1 July, CMA CGM will also implement the following FAK rates from the West Mediterranean to South East India & Sri Lanka for dry cargo:
In...
https://container-news.com/cma-cgm-and-hapag-lloyd-refresh-global-charges/
China’s base oils imports are likely to fall in July, as rising prices for Group II base oils have narrowed the arbitrage margin and downstream lubricant producers have replenished ample inventories. Import prices for Group II base oils on CFR (cost & freight) China basis have posted a relentless...
https://www.hellenicshippingnews.com/china-base-oil-imports-may-fall-in-july-amid-rising-prices/
China’s environment ministry said on Tuesday it would keep up its system of approving import quotas for solid waste, including scrap metal, until the end of 2020, in a move that will soothe concerns over imminent disruption to supply. “In the second half of the year, our ministry will continue the...