Freight News

by hellenicshippingnews… on 29 August 2025 at 9:00 pm

China’s biggest listed steelmaker Baoshan Iron & Steel Co 600019 expects the country’s total steel exports to stay above 100 million metric tons in 2025, it said on Friday, while monitoring potential curbs on national steel output. The company, known as Baosteel, is a subsidiary of the state-owned China Baowu Steel Group, the world’s largest …

by hellenicshippingnews… on 29 August 2025 at 9:00 pm

China is seeking to buy more Russian gas through an existing pipeline as talks between the two countries have failed to make progress on building a second link, thwarting Moscow’s quest for new outlets, two industry sources told Reuters. Energy is expected to be high on the agenda when Russian and Chinese leaders Vladimir Putin …

by hellenicshippingnews… on 29 August 2025 at 5:00 pm

China’s biggest listed steelmaker, Baoshan Iron & Steel Co 600019 said on Friday it expected the country’s total steel exports to stay above 100 million metric tons in 2025. Baosteel, a subsidiary of state-owned China Baowu Steel Group, reported on Wednesday an annual increase of 7.4% in first-half net profit, despite soft domestic demand, but …

by hellenicshippingnews… on 29 August 2025 at 5:00 pm

Russia’s fertiliser exports for the first seven months of the year rose 7% year on year to 26.1 million metric tons, with deliveries expected to hit a record high by the end of the year, the head of an industry lobby group said on Friday. Russia, the world’s second-largest fertiliser producer behind China and the …

by hellenicshippingnews… on 29 August 2025 at 9:00 am

Mexican state oil company Pemex reported a 31% rise in crude oil exports in July compared to the previous month, while refining output fell slightly during the same period, according to the latest company data seen by Reuters on Tuesday. WHY IT’S IMPORTANT Pemex’s export volumes and refining output are closely watched as the government …

by hellenicshippingnews… on 28 August 2025 at 9:00 pm

Russian oil exports to India are set to rise in September, traders said, as producers cut prices to sell more crude because they cannot process as much in refineries that were damaged by Ukrainian drone attacks on energy infrastructure. India has become the biggest buyer of Russian oil supplies that were displaced by Western sanctions …

by hellenicshippingnews… on 28 August 2025 at 9:00 pm

Importing crude oil from Canada is currently not feasible for India due to the high cost required to transport oil from the country, a senior government official told Moneycontrol. “The pipeline infrastructure within Canada is currently not developed enough for India to begin importing (crude oil) from there. It would not be economical,” the official …

by hellenicshippingnews… on 28 August 2025 at 9:00 pm

The value of Jordan’s imports of crude oil, derivatives, and mineral oils declined in the first half of this year to JD1.276 billion, compared with JD1.305 billion during the same period in 2024, according to foreign trade data issued on Tuesday by the Department of Statistics (DoS). The figures showed that the Kingdom’s oil bill …

by hellenicshippingnews… on 28 August 2025 at 9:00 am

Iraq is poised to stop importing refined products by early next year after hiking its refining capacity to 1.3 million b/d, according to the country’s prime minister and a senior oil official. In comments to state news agency INA on Aug. 25, prime minister Mohammed al-Sudani said the country had “achieved” a refining capacity of …

by hellenicshippingnews… on 27 August 2025 at 9:00 pm

This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal, copper, alumina, cobalt, lithium, nickel and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts …

by hellenicshippingnews… on 27 August 2025 at 9:00 pm

India, the world’s third-biggest oil importer and consumer and the largest buyer of Russian seaborne crude, is caught in the crossfire of diplomatic negotiations between Russia and the United States to end the war in Ukraine. WHY HAS TRUMP IMPOSED ADDITIONAL TARIFFS ON INDIAN GOODS? An additional 25% duty by President Donald Trump takes total …

by hellenicshippingnews… on 27 August 2025 at 9:00 pm

Indian steel producers have called on the government to sharply raise import quotas for low-ash metallurgical coke, seeking a near sevenfold increase to address what they say is a critical supply crunch, according to sources and a government document. India, the world’s second-largest crude steel producer, in June extended import curbs on low-ash metallurgical coke, …

by hellenicshippingnews… on 27 August 2025 at 9:00 pm

Trafigura, a global leader in the commodities industry, has signed a long-term agreement to supply liquefied natural gas (LNG) to Korea Gas Corporation (KOGAS), the Republic of Korea’s national gas company and one of the world’s largest importers of LNG. This agreement expects substantial volumes of LNG to be delivered to KOGAS over the next …

by hellenicshippingnews… on 27 August 2025 at 5:00 pm

The United States imported crude oil from Venezuela last week for the first time since Washington gave Chevron Corp. a new license to operate in the South American country, data from the Energy Information Administration showed. About 74,000 barrels per day of Venezuelan crude oil arrived at U.S. ports in the week ended August 22, …

by hellenicshippingnews… on 27 August 2025 at 5:00 pm

Total shipments of Portland-type and blended cement in the US reached an estimated 8.91 million mt in May 2025, marking a 7.5% decrease from May 2024, according to the latest report from the US Geological Survey (USGS). Year-to-date shipments through May totaled approximately 37.9 million mt, reflecting a 6% decline compared to the same period …

by hellenicshippingnews… on 27 August 2025 at 9:00 am

Russia has revised up its crude oil export plan from western ports by 200,000 barrels per day (bpd) in August from the initial schedule after Ukrainian drone attacks disrupted refinery operations and freed up more crude for shipment, three people familiar with the matter said. Export planning remains uncertain, however, due to ongoing strikes and …

by hellenicshippingnews… on 26 August 2025 at 9:00 pm

Uganda’s coffee exports in July surged 21.4% compared to the same month last year, boosted by a bountiful harvest in most growing areas, a report by the agriculture ministry showed on Tuesday. The East African country is Africa’s largest coffee exporter, followed by Ethiopia, and primarily cultivates robusta variety. Earnings from the crop are a …

by hellenicshippingnews… on 26 August 2025 at 5:00 pm

Petrovietnam Gas GAS has issued its first term supply tender, seeking shipments of liquefied natural gas (LNG) from 2027 to 2031. It wants to buy 20,700,000 million British thermal units (mmBtu) of LNG, or about 400,000 metric tons, on a delivered ex-ship (DES) basis to be delivered to Petrovietnam Gas’ Thi Vai terminal, according to …