Freight News

by hellenicshippingnews… on 19 December 2025 at 10:00 pm

West African crude oil sellers are struggling to find buyers for up to 26 December- and January-loading cargoes due to stiff competition from plentiful and cheaper alternative supplies, traders and analysts told Reuters. The amount of unsold Nigerian and Angolan crude, analysts say, is a symptom of a wider oil market surplus. It drove selling …

by hellenicshippingnews… on 19 December 2025 at 10:00 pm

The Caspian Pipeline Consortium (CPC) plans to slightly reduce CPC Blend crude exports in January to around 1.65 million barrels per day (bpd) from 1.7 million bpd scheduled for December, two industry sources told Reuters. The January plan would represent a 3% reduction from this month’s target, Reuters calculations showed. Actual shipments remain uncertain as …

by hellenicshippingnews… on 19 December 2025 at 10:00 pm

Saudi Arabia’s crude oil exports hit their highest level in two and a half years in October, data from the Joint Organizations Data Initiative (JODI) showed. Crude exports from the world’s largest oil exporter increased to 7.100 million ⁠barrels per day (bpd), higher than September’s 6.460 million bpd, and their highest level since April 2023. …

by hellenicshippingnews… on 19 December 2025 at 10:00 pm

Energy Transfer has suspended the development of its proposed 16.5 million metric ton/year Lake Charles LNG export project in Louisiana, the company said Dec. 18. The US pipeline giant announced the move in a brief statement, saying it made the decision “to focus on allocating capital to its significant backlog of natural gas pipeline infrastructure …

by hellenicshippingnews… on 19 December 2025 at 10:00 pm

Brunei LNG is offering four liquefied natural gas (LNG) cargoes for loading between 2026 and 2027, three industry sources said on Friday. The cargoes are being offered for loading at Lumut between April 2026 and March 2027, under a tender that closes on December 19. Source: Reuters

by hellenicshippingnews… on 19 December 2025 at 11:00 am

China’s export licence requirement for some 300 steel products will allow closer monitoring of steel exports and is aligned to World Trade Organization rules, the country’s commerce ministry said. The world’s largest steel producer and consumer last Friday said it planned to implement a licence system from 2026 to regulate exports of the metal, as …

by hellenicshippingnews… on 19 December 2025 at 11:00 am

The European Parliament this week approved to phase out Russian gas and LNG imports into the EU by late 2027. Members of parliament voted to support a provisional deal struck earlier in December in trilogue negotiations with the European Council. The parliament’s vote brings the Russian gas and LNG ban to the cusp of becoming …

by hellenicshippingnews… on 19 December 2025 at 11:00 am

The delivery of 22 tanker cars carrying AI-95 petrol follows a November agreement between the two governments and represents a concrete step in normalising relations after reaching a peace agreement earlier this year. Azerbaijan shipped petroleum products by rail to Armenia on Thursday, marking the first such export in decades and a tangible breakthrough in …

by hellenicshippingnews… on 18 December 2025 at 10:00 pm

The new law adopted on Wednesday will protect the EU’s energy security from weaponisation by the Russian Federation. Spot-market Russian liquefied natural gas (LNG) will be banned from the EU once the regulation enters into force in early 2026, while pipeline gas imports will be phased out by 30 September 2027. During negotiations, the co-legislators …

by hellenicshippingnews… on 18 December 2025 at 10:00 pm

China’s import of unwrought aluminium and aluminium products fell 14% in November from a year ago, customs data showed on Thursday. The world’s top metals consumer imported 240,000 metric tons of unwrought aluminium and aluminium products last month, according to the General Administration of Customs. The decline snapped five months of year-on-year import volume growth, …

by hellenicshippingnews… on 18 December 2025 at 10:00 pm

Malaysian palm oil futures climbed for a second consecutive session on Thursday, supported by bargain buying and improved price competitiveness against soyoil. The benchmark palm oil contract FCPO1! for March delivery on the Bursa Malaysia Derivatives Exchange gained 13 ringgit, or 0.33%, to 3,979 ringgit ($974.29) a metric ton at the close. Traders are purchasing …

by hellenicshippingnews… on 18 December 2025 at 10:00 pm

Copper drifted lower on Thursday as traders reduced exposure ahead of the upcoming Christmas holiday and waited for a U.S. inflation report that could provide clarity on the Federal Reserve’s monetary policy trajectory. Benchmark three-month copper on the London Metal Exchange HG1! was down 0.1% at $11,726 per metric ton in official open outcry activity, …

by hellenicshippingnews… on 18 December 2025 at 10:00 pm

Industry in Queensland, which accounts for about half of Australia’s refined copper output and the bulk of the country’s standing as the world’s largest metallurgical coal exporter, is under considerable pressure. The long-term futures of Glencore PLC’s Mount Isa copper smelter and Townsville copper refinery remain uncertain, despite the federal and state governments committing up …

by hellenicshippingnews… on 18 December 2025 at 11:00 am

Rising Russian naphtha exports to Venezuela are at risk after U.S. President Donald Trumpordered a blockade of all sanctioned oil tankers entering and leaving the Latin America country, market sources said. Washington announced on Tuesday its latest move to increase pressure on Nicolas Maduro’s government by imposing the blockade. Venezuela relies on naphtha to dilute …

by hellenicshippingnews… on 18 December 2025 at 11:00 am

Kazakhstan’s state oil pipeline operator Kaztransoil will open its first representative office in the European Union, in Poland, to help ensure stable supplies of Kazakh oil to Germany, the company said on Wednesday. The branch aims to support Kazakhstan’s exports to Germany, which transit through Russia’s Transneft pipeline system, Belarus and Poland. Kaztransoil did not …

by hellenicshippingnews… on 17 December 2025 at 10:00 pm

India’s Russian oil imports are poised to top 1 million barrels per day in December, trade and refining sources said, defying expectations for a sharp decline as refiners have resumed buying from non-sanctioned entities offering deep discounts. Ties between the two countries have remained strong despite pressure from Western sanctions after Russian President Vladimir Putin …

by hellenicshippingnews… on 17 December 2025 at 11:00 am

Global shipments of thermal coal – burned in power stations – have posted their first annual decline since 2020 on the back of lower coal-fired power generation in key Asian markets. Total seaborne exports of so-called steam coal are set to come in at about 945 million metric tons in 2025, marking a 5% or …

by hellenicshippingnews… on 16 December 2025 at 11:00 am

The volume of Venezuelan oil already headed to China before the U.S. seized a Venezuelan tanker last week, plus a glut of crude in storage and weak demand, will limit the near-term impact of the move in the Chinese market, traders and analysts said. Exports from the South American producer have fallen sharply since the …