China imported more than 7 million tonnes of liquefied natural gas (LNG) in May, a record volume for the month, shiptracking data showed, as industrial activity picked up pace amid strong domestic demand. China imported 7.25 million to 7.3 million tonnes of LNG in May, up about 10% to 12% from...
ΒunkerportsnewsΠρώτηΣελιδα
Iraq’s crude oil exports exceed 89 mln barrels in May
Iraq’s Ministry of Oil said on Tuesday that the country exported 89.88 million barrels of crude oil in May, bringing in revenues of about 5.88 billion U.S. dollars. The average selling price for crude oil last month was 65.45 dollars per barrel, according to a ministry statement that cited...
https://www.hellenicshippingnews.com/iraqs-crude-oil-exports-exceed-89-mln-barrels-in-may/
Maritime market update: summer prices outlook
Risavika LNG gained 1.1 % week on week and was at 35.20 EUR/MWh for June contracts. European gas prices were bullish last week on tight supply despite the warmer weather forecast in North-west Europe (NWE) and closed for June contracts on highest levels since 2013. The pace of gas storage...
https://www.hellenicshippingnews.com/maritime-market-update-summer-prices-outlook/
Oil extends gains on OPEC+ supply discipline and demand prospects
Oil rose on Wednesday, supported by an OPEC+ decision to stick to its plan to restore supply to the market gradually and by the slow pace of nuclear talks between Iran and the United States. Brent rose 48 cents, or 0.7%, to $70.73 a barrel at 0856 GMT. U.S. West Texas Intermediate (WTI) crude rose …
Oil funds trim positions as prices approach post-pandemic high
Hedge funds cut their bullish positions in petroleum last week for the third week running, though the rate of selling was slower than in previous weeks and positions are broadly unchanged since the middle of March. Hedge funds and other money managers sold the equivalent of 8 million barrels in the...
https://www.hellenicshippingnews.com/oil-funds-trim-positions-as-prices-approach-post-pandemic-high/
New master plan for seaports needed to boost Vietnam’s economy
A new master plan for seaports is needed to further boost the country’s socio-economic development in the rapid international integration process, experts have said. With a coastline stretching over 3,000km, Vieetnam has a maritime and inland waterway transport system that plays an important role...
https://www.hellenicshippingnews.com/new-master-plan-for-seaports-needed-to-boost-vietnams-economy/
June Neptune Declaration Crew Change Indicator shows increase in seafarers stranded onboard vessels
Increasing infection rates in key crew source countries and stricter crew-change protocols in major crew-change hubs are seen as main drivers for delayed and complicated crew changes. The Neptune Declaration Crew Change Indicator is based on data from top 10 ship managers and aims to provide up-to-date information on the impact of the crew change …
The post June Neptune Declaration Crew Change Indicator shows increase in seafarers stranded onboard vessels first appeared on Hellenic Shipping News...
Azerbaijan boosts natural gas exports to Turkey
Azerbaijan increased natural gas exports to Turkey by 16 percent during the first four months of the year, bringing the volume to 1 billion cubic meters, Azertag has reported. During the reported period, Azerbaijan was Turkey’s second-largest exporter, following Russia with 2.5 billion cubic...
https://www.hellenicshippingnews.com/azerbaijan-boosts-natural-gas-exports-to-turkey/
UK GAS-Prices rise, correcting losses last week
British wholesale gas prices rose on Tuesday morning, correcting losses on Friday, in spite of lower demand and oversupply. * The day-ahead contract rose by 1.85 pence to 63.75 pence per therm by 0818 GMT. * Gas for immediate delivery was 1.50 pence higher at 64.00 p/therm. * Traders said prompt...
https://www.hellenicshippingnews.com/uk-gas-prices-rise-correcting-losses-last-week/
Myklebust and Sølvtrans place fourth in a row with Hydroniq Coolers
Norwegian shipbuilder Myklebust Verft has awarded Ålesund-based Hydroniq Coolers a contract to deliver the company’s unique, hull-integrated seawater cooling system to the fourth wellboat in a row the yard is building for Sølvtrans. Marine cooling systems are utilised to reduce temperatures in the ship’s engines and other auxiliary systems through use of seawater to avoid …
The post Myklebust and Sølvtrans place fourth in a row with Hydroniq Coolers first appeared on Hellenic Shipping News...