Oil product exports by China’s independent refiners a distant dream

For Shandong-based independent refiners hoping to play a prominent role in oil product exports out of China, the dream is unlikely to turn into reality at least for the next five years, according to a top industry official. Zhang Liucheng, general manager of Shandong Petrochemical & Energy Group...

https://www.hellenicshippingnews.com/oil-product-exports-by-chinas-independent-refiners-a-distant-dream/

OPEC will balance oil markets, but spare capacity limited: Nigerian official

The Organization of the Petroleum Exporting Countries (OPEC) will act to balance the market after oil prices hit their highest in four years, but its options may be limited by available spare capacity, a Nigerian oil industry official said. “It’s obvious that if you have high prices it’ll affect...

https://www.hellenicshippingnews.com/opec-will-balance-oil-markets-but-spare-capacity-limited-nigerian-official/

GTT receives an order from SHI to design the tanks of two new LNG carriers

GTT announces it has received an order from the Korean shipyard Samsung Heavy Industries (SHI) for the tanks design of two LNG carriers. Each offering a capacity of 180,000 m3, these units will be built on behalf of the European ship-owner Celsius. The tanks will be fitted with the Mark III Flex...

https://www.hellenicshippingnews.com/gtt-receives-an-order-from-shi-to-design-the-tanks-of-two-new-lng-carriers/

China’s preference for long-term contracts affecting Indian iron-ore miners

Indian overseas shipment of high-grade iron-ore fines and lumps is facing significant risks as Chinese steel mills are increasingly looking at long term supply agreements. According to three miner-exporters based in the eastern Indian province of Odisha, the largest iron-ore producer in the...

https://www.hellenicshippingnews.com/chinas-preference-for-long-term-contracts-affecting-indian-iron-ore-miners/