US coal exports totaled 9.1 million mt in August, up 5.5% from July and up 17.3% from the year-ago month, according to US Census data. Through August, US coal exports total 70.5 million mt, up 29.8% compared with the same period last year, while exports on an annualized basis would total 105.7...
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MISC on moving energy to build a better world
MISC Berhad is a leading provider of international energy-related maritime solutions and services. Headquartered in Kuala Lumpur, its core businesses include energy shipping which largely covers liquefied natural gas (LNG), petroleum and product shipping and its related activities, owning and...
https://www.hellenicshippingnews.com/misc-on-moving-energy-to-build-a-better-world/
Kuwait seals 12-month naphtha deal at higher premiums
Kuwait Petroleum Corp (KPC) has sealed a 12-month naphtha deal starting December 2018 with Asian buyers at a higher price versus a previous agreement which expires next month, traders said. KPC inked the full-range naphtha deal at a $13.50 a tonne premium to Middle East quotes on a free-on-board...
https://www.hellenicshippingnews.com/kuwait-seals-12-month-naphtha-deal-at-higher-premiums/
US tariffs cause crane conundrum
President Trump’s trade tariffs are proving to be a particular headache for US East Coast ports, finds Martin Rushmere Out of the murk and clouds of confusion swirling around the White House tariffs, or penalty duties, on capital goods imported from China has come the realisation that US East Coast...
https://www.hellenicshippingnews.com/us-tariffs-cause-crane-conundrum/
Rising oil prices creating rumors and fake news
As anticipated, oil prices continued rising amid stronger demand. Prices reached levels not seen in four years. Brent crude rose to $84.16 per barrel. WTI rose to $74.34 per barrel. The Brent/WTI spread widened further to $9.82 per barrel. Bullish forecasts continue, with some analysts preparing...
https://www.hellenicshippingnews.com/rising-oil-prices-creating-rumors-and-fake-news/
Saudi Crown Prince to Trump: We’ve Replaced All Iran’s Lost Oil
Saudi Arabia’s crown prince, facing U.S. pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions. “The request that America made to Saudi Arabia and other OPEC countries is to be sure that if there is any...
https://www.hellenicshippingnews.com/saudi-crown-prince-to-trump-weve-replaced-all-irans-lost-oil/
Compliance with IMO 2020 rule to be high despite concerns – consultant
Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% in the initial years after 2020 as most shipowners switch to 0.5% sulfur bunker fuels to meet the rule, a bunker industry veteran and senior partner at 2020 Marine Energy...
Glencore, Tohoku Electric set coal contract price at $109.77/T: source
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $109.77 per tonne for supplies of thermal coal from Australia for the year through September 2019, according to a source with direct knowledge of the matter. The agreed price, which serves as an industry benchmark for...
Retrofits – the approach to innovative technology and new equipment
A ship’s life cycle ends with it being dismantled and recycled. Up to 95 % of a ship’s weight is made up of steel, which can be sold and reused. A modern recycling process, which also includes the recycling of other materials, can be very efficient and is a positive step towards a greener shipping...
$100/b darlings of US oil could lead way for crude
The oil world seems ready, or even desperate, to take $100/b crude to the party. But while the dirty markets are still hunting for their bow ties, some US refined products are already bouncing across that dance floor. Low-RVP San Francisco 84-octane gasoline blendstock was assessed up $1.76/b at...
https://www.hellenicshippingnews.com/100-b-darlings-of-us-oil-could-lead-way-for-crude/