Freight News

by hellenicshippingnews… on 3 January 2025 at 10:00 pm

PT Freeport Indonesia (PTFI) is in discussions with the government about being able to continue copper concentrate exports until its new Manyar smelter returns to full operations, a spokesperson for the miner said on Friday. The company was allowed to export copper concentrate until the end of December, as its new smelter was then expected …

by hellenicshippingnews… on 3 January 2025 at 10:00 pm

U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants started, and driving up full-year shipments 4.5% over 2023, according preliminary data from financial firm LSEG. December’s output was just short of the record monthly export of 8.6 MT recorded in December 2023 and was …

by hellenicshippingnews… on 3 January 2025 at 10:00 pm

China, the world’s largest importer of crude oil, imported 11.3 million barrels per day (b/d) of crude oil in 2023, 10% more than in 2022, according to China customs data. Refiners in China imported record volumes of crude oil in 2023 to supply the country’s increasing refining capacity in order to support the country’s transportation …

by hellenicshippingnews… on 3 January 2025 at 10:00 pm

Italy’s thermal coal imports dropped in October after rising nearly three times in September, according to Ministry of Environment and Energy Security data seen by S&P Global Commodity Insights Jan. 3. The drop came amid a fall in demand from end-users, sources said. In October, Italy imported 106,724 mt of thermal coal, down 59% month …

by hellenicshippingnews… on 3 January 2025 at 10:00 pm

India’s palm oil imports in December plunged to their lowest in nine months as a rally in prices to a 2-1/2-year high prompted refiners to increase purchases of substitute soyoil that was available at a discount, five dealers said. Lower palm oil imports by India, the world’s biggest buyer of vegetable oils, could weight on …

by hellenicshippingnews… on 3 January 2025 at 6:00 pm

Indonesian state-owned oil firm Pertamina is looking to buy around 1.2 million barrels of 2,500ppm sulphur gasoil for prompt delivery in the next few weeks, multiple trade sources said on Friday. The company is seeking one 500,000-barrel cargo, two 200,000-barrel cargoes and one 300,000-barrel cargo via a procurement tender that closes on Jan. 6, they …

by hellenicshippingnews… on 3 January 2025 at 11:00 am

Russian ESPO blend crude loadings from Kozmino port rose to 41 ships in December from 36 in November, likely a record high for monthly loadings of the grade, data from S&P Global Commodities at Sea(opens in a new tab) showed Jan. 2. Prior to this, the last peak for monthly liftings of ESPO blend from …

by hellenicshippingnews… on 3 January 2025 at 11:00 am

Exports of petroleum products took a hit in November, weighed down by sluggish demand in developed economies, a rise in domestic consumption and a significant decline in cheap petroleum imports from Russia. During the April-to-November period, petroleum product exports amounted to $44.61 billion a sharp drop from $55.02 billion in the same period last year, …

by hellenicshippingnews… on 2 January 2025 at 10:00 pm

Iran ramped up its oil exports in the second half of December after a slump reported earlier in the month, according to an announcement by a major international tanker tracking service. The TankerTrackers said in a post on its X account on Tuesday that it had traced increasing exports of oil from Iran to other …

by hellenicshippingnews… on 2 January 2025 at 10:00 pm

Bangladesh’s Rupantarita Prakritik Gas Co Ltd (RPGCL) has issued a tender seeking two liquefied natural gas (LNG) cargoes for delivery in January and February, a tender document showed. The company is seeking the cargo for delivery on Jan. 30-31 and Feb. 6-7. The tender will close on Jan. 5, according to the document uploaded on …

by hellenicshippingnews… on 2 January 2025 at 10:00 pm

Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year’s Day, marking the end of decades of Moscow’s dominance over Europe’s energy markets. The gas had kept flowing despite nearly three years of war, but Russia’s gas firm Gazprom said it had stopped at 0500 GMT after Ukraine refused …

by hellenicshippingnews… on 2 January 2025 at 11:00 am

This is part of the COMMODITIES 2025 series where our reporters bring to you key themes that will drive commodities markets in 2025. Latin American petrochemical importers are keeping an eye on US President-elect Donald Trump’s tariff plans, but participants already expect more pressure on commodity import prices in 2025 due to the appreciation of …

by hellenicshippingnews… on 2 January 2025 at 11:00 am

Japan’s oil imports from the UAE amounted to 27.16 million barrels, representing 38.2 percent of total imports in November 2024, according to data from the Agency for Natural Resources and Energy under Japan’s Ministry of Economy, Trade and Industry. In the same month, Japan imported approximately 71.18 million barrels of oil, with Arab oil accounting …

by hellenicshippingnews… on 30 December 2024 at 10:00 pm

Russia’s exports of liquefied natural gas (LNG) increased by 3% in 2024 to exceed 32 million tonnes with around a half going to Europe, LSEG preliminary data showsed. Europe took around 16 million tonnes, or 50% of total Russian exports, while more than seven million tonnes were imported by China, Russia’s single largest importer of …

by hellenicshippingnews… on 30 December 2024 at 10:00 pm

Wheat exports from Russia, the world’s largest wheat supplier, are likely to see a sharp decline in the first half of 2025 due to limited availability because of a bad harvest this season and tight government restrictions to curb exports. After having exported record volumes in recent months, Russia’s wheat export pace is now expected …

by hellenicshippingnews… on 30 December 2024 at 10:00 pm

India’s oil import bill has seen a reduction year-on-year for the months of September, October, and November, despite an increase in import volumes, according to data from the petroleum Ministry. This marks a shift from earlier in the fiscal year when the value of oil imports had been higher compared to the same period in …

by hellenicshippingnews… on 30 December 2024 at 10:00 pm

The government today approved separate proposals for procuring one cargo of Liquefied Natural Gas (LNG) and 1,30,000 Metric Tons (MTs)of fertiliser to meet the country’s growing demand. The approvals came from the 18th meeting of the Advisers Council Committee on Government Purchase (ACCGP) held at the Cabinet Division conference room at Bangladesh Secretariat in the …

by hellenicshippingnews… on 30 December 2024 at 10:00 pm

North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to 24.4 Bcf/d in 2028, if projects currently under construction begin operations as planned. Between 2024 and 2028, we estimate LNG export capacity will grow by …

by hellenicshippingnews… on 30 December 2024 at 10:00 pm

Europe’s regasification capacity surged after the Russia-Ukraine war to allow for an increased reliance on LNG; however, the buildout has outpaced LNG imports in 2024. The rapid expansion in regasification capacity allowed Europe to rely on LNG as it weaned off Russian pipeline volumes. Unlike other geographical hubs, Europe’s strong pipeline infrastructure with major gas …

by hellenicshippingnews… on 30 December 2024 at 6:00 pm

Both U.S. crude oil imports and exports decreased during the week ending Dec. 20, the U.S. Energy Information Administration (EIA) said in a report released on Friday. U.S. crude oil imports averaged 6.471 million barrels per day (b/d) last week, down by 178,000 b/d from the previous week, while crude oil exports averaged 3.722 million …