US sanctions have taken 95% of Iranian crude oil exports off the world market, US Secretary of State Mike Pompeo said. In an appearance at The Economic Club of Washington, DC, Pompeo said sanctions, which were fully imposed in May, have had seemingly no impact on global crude oil prices. He added...
https://www.hellenicshippingnews.com/us-sanctions-have-caused-95-decline-in-iran-oil-exports-pompeo/
Hapag-Lloyd will apply a new General Rate Increase from Indian Subcontinent (ISC) and Middle East to USA and Canada as outlined below, with effective date September 1, 2019:
China’s purchase of some U.S. soybeans is being viewed as a tentative sign of a little détente in the dispute between the world’s two largest economies, but real progress would be a resumption of what had been a burgeoning energy trade. U.S. and Chinese negotiators are meeting for two days of talks...
India is expected to import up to 185 million tonnes of thermal coal in 2019, the head of thermal coal at consultancy Wood Mackenzie said on Tuesday, about 13% higher than its estimate for 2018. India’s coal imports from Australia and Colombia will increase in the long run as demand for high-energy...
https://www.hellenicshippingnews.com/indias-2019-thermal-coal-imports-could-rise-up-to-13-woodmac/
Iranian crude oil imported by China in June was injected into storage tanks used for maintaining strategic petroleum reserves, according to several sources with knowledge of the matter. The barrels of predominantly Iranian Heavy and Iranian Light grades were sent to bonded storage at the coastal...
China’s crude oil imports from Iran sank almost 60% in June from a year earlier, Chinese customs data showed on Saturday, following the end of a waiver on U.S. sanctions at the start of May. Crude shipment from Iran were 855,638 tonnes last month, or 208,205 barrels per day (bpd), data from the...
https://www.hellenicshippingnews.com/chinas-iran-oil-imports-plunge-as-u-s-sanctions-bite/
A dispute over fueling Iranian ships stranded off the coast of Brazil is putting the spotlight on the South American agricultural giant’s approach to the Middle East, a major buyer of Brazilian corn, sugar and poultry. President Jair Bolsonaro has shifted Brazil’s traditionally neutral foreign...
https://www.hellenicshippingnews.com/iran-fueling-fix-calms-brazil-exporters-reliant-on-mideast/
China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports. It also approved soybean imports from all parts of Russia, the General Administration of Customs said in...
https://www.hellenicshippingnews.com/china-approves-wheat-soy-imports-from-russia/
Argentina will sharply cut the approval process for gas exports, the energy ministry said, as the country looks to ramp up developments of its huge unconventional Vaca Muerta shale play and become a net energy exporter. The resolution, published in the official bulletin, reduces the export approval...
https://www.hellenicshippingnews.com/argentina-cuts-red-tape-to-spur-gas-exports/
The European Union has increased its imports of US liquefied natural gas (LNG) almost fivefold since reaching a landmark agreement on a new phase in the EU-US relations exactly one year ago, the European Commission said in a press release. “Since July 2018, the EU has significantly increased its...