Freight News

by hellenicshippingnews… on 11 April 2025 at 10:00 am

Ukraine may increase its soybean exports to the European Union if the trade conflict between the U.S. and the EU escalates, Ukrainian farm producers union UAC said. Ukraine harvested a record 6.2 million metric tons of soybean in 2024, but sowing areas could decrease this year due to price volatility. U.S. President Donald Trump announced …

by hellenicshippingnews… on 11 April 2025 at 10:00 am

A freight liberalisation agreement allowing Ukrainian cargo to enter the EU without a transport permit has been extended until the end of the year, Ukrainian officials said on Thursday. The agreement, signed in 2022, cancels the requirement for Ukrainian carriers to obtain permits for bilateral and transit transport to the EU and avoids exports of …

by hellenicshippingnews… on 10 April 2025 at 9:00 pm

Amid the market carnage and turmoil created by U.S. President Donald Trump’s chaotic global tariff roll out and retreat, there are likely some clear trends that will emerge. One of these is that countries seeking to cut a deal with Trump will try to purchase more U.S. goods in order to lower their trade surpluses …

by hellenicshippingnews… on 10 April 2025 at 9:00 pm

China’s imports of Iranian oil surged in March as buyers stocked up amid worries that further U.S. sanctions on Tehran could tighten supplies, traders and analysts said. China’s oil imports from Iran surpassed 1.8 million barrels per day last month, an all-time high, coinciding with a rise in inventory levels in independent refining hub Shandong …

by hellenicshippingnews… on 10 April 2025 at 9:00 pm

The Indonesian government is exploring the possibility of starting LNG imports as early as the third quarter or the fourth quarter of 2025, a senior government official said April 9. “We will see in Q3 and Q4 whether imports are needed or not. So, evaluations are carried out every three months,” Djoko Siswanto, the head …

by hellenicshippingnews… on 10 April 2025 at 10:00 am

Asian buyers are reducing purchases of U.S. agricultural goods as Washington’s planned fees on China-linked vessels and sweeping import duties on key regional trading partners stoke uncertainty and dampen appetite for American products. China, which retaliated with 34% duties on U.S. goods, is the largest importer of U.S. agricultural products, but other Asian countries including …

by hellenicshippingnews… on 10 April 2025 at 10:00 am

Loadings of ultra low-sulphur diesel (ULSD) from the Baltic Sea port of Primorsk over April 1-10 are set to fall to 427,000 metric tons, data provided by trade sources and Reuters calculations show. That would be a 15% decrease from 505,000 tons in the same period of March. Diesel exports from Primorsk are falling on …

by hellenicshippingnews… on 9 April 2025 at 9:00 pm

China is set to receive about 3 million metric tons of U.S. soybeans in April-May, according to sources and shipping data, despite new higher tariffs on American products that are poised to choke off flows of China’s largest U.S. farm import item. Most of the cargoes were purchased by state stockpiler Sinograin, said four sources …

by hellenicshippingnews… on 9 April 2025 at 5:00 pm

Bangladesh’s Rupantarita Prakritik Gas Co has issued a tender seeking three spot cargoes of liquefied natural gas for delivery in May, according to a tender document on its website on Wednesday. RPGCL is seeking the LNG cargoes for delivery on May 15-16, 22-23 and 25-26 in a tender that will close on April 13, according …

by hellenicshippingnews… on 9 April 2025 at 5:00 pm

Azeri BTC crude oil exports from Turkey’s Ceyhan port are set at 18.09 million barrels for May, up from 17.38 million barrels in April, the schedule showed. On a daily basis Azeri BTC crude oil exports will rise by about 1% compared to April, Reuters calculations showed. April is one day shorter than May. Source: …

by hellenicshippingnews… on 9 April 2025 at 5:00 pm

The Caspian Pipeline Consortium is operating at two of the three moorings at its Black Sea export terminal after a Russian court lifted restrictions on its infrastructure, it said on Wednesday, easing worries about a drop in Kazakh oil output and exports. The CPC usually utilizes two of its three moorings, keeping one as a …

by hellenicshippingnews… on 9 April 2025 at 10:00 am

India was a net importer of finished steel during the financial year that ended in March, provisional government data reviewed by Reuters showed on Tuesday. The world’s second-biggest crude steel producer imported 9.5 million metric tons of finished steel during April-March, up 14.6% from a year before, the data showed. India’s finished steel exports stood …

by hellenicshippingnews… on 8 April 2025 at 9:00 pm

China’s independent refineries are expected to sharply reduce Venezuelan crude oil imports in April as US secondary sanctions take effect, with some already turning to alternative supplies like Canadian heavy oil, trade and refinery sources told Platts, part of S&P Global Commodity Insights, on April 7. In April, only one VLCC cargo of Venezuelan crude …

by hellenicshippingnews… on 8 April 2025 at 9:00 pm

Indonesia will adjust its crude palm oil export tax to reduce the burden on exporters from U.S. tariffs, Finance Minister Sri Mulyani Indrawati said on Tuesday. Indonesia currently imposes an export tax of up to $288 per ton on crude palm oil, depending on price levels. It also imposes separate export levies on the vegetable …

by hellenicshippingnews… on 8 April 2025 at 5:00 pm

Japan’s oil imports from the UAE amounted to 25.8 million barrels, representing 38.4%. of total imports in February 2025, according to data from the Agency for Natural Resources and Energy under Japan’s Ministry of Economy, Trade and Industry, reported WAM. In the same month, Japan imported 67.3 million barrels of oil, with Arab oil accounting …

by hellenicshippingnews… on 8 April 2025 at 5:00 pm

U.S. President Donald Trump said on Monday said selling energy to the European Union would be a key focus as his administration seeks to eliminate a trade deficit with the bloc. “The European Union’s been very bad to us,” Trump told reporters at the White House, accusing European nations of not buying enough U.S. goods. …

by hellenicshippingnews… on 7 April 2025 at 9:00 pm

The impeachment of former South Korean President Yoon Suk-yeol could put the brakes on the won’s sharp downtrend as foreign investor confidence recovers, paving the way for improvement in refiners’ crude oil feedstock procurement economics and their overall refining margins. Foreign fund repatriation accelerated after Yoon declared martial law on Dec. 3, 2024, causing the …

by hellenicshippingnews… on 7 April 2025 at 9:00 pm

Crude oil prices are tumbling in the wake of U.S. President Donald Trump’s upending of global trade. But the shock of Trump’s tariffs also mask some underlying weakness in the demand that was already in place, namely soft imports in the first quarter in Asia, the world’s biggest crude purchasing region. Asia imported 26.44 million …

by hellenicshippingnews… on 7 April 2025 at 5:00 pm

India’s state run Bharat Petroleum Corp BPCL has awarded a 4-month tender to import one million barrels of U.S. crude per month from June to trader Glencore, two sources aware of the deal said. The refiner will get one million barrels of West Texas Intermediate crude every month, the sources said. BPCL did not immediately …