Freight News

by hellenicshippingnews… on 25 April 2025 at 9:00 pm

U.S. crude oil imports and exports decreased during the week ending April 18, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. crude oil imports averaged 5.589 million barrels per day (b/d) last week, down by 412,000 b/d from the previous week, while crude oil exports averaged 3.549 million b/d, down by 1.551 million b/d, …

by hellenicshippingnews… on 25 April 2025 at 9:00 pm

India’s coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking coal will increase to 160 million tons by 2030 from about 58 million tons as of now, Steel Secretary Sandeep Poundrik said. Coking coal …

by hellenicshippingnews… on 25 April 2025 at 9:00 pm

Russia may supply 1.8 billion cubic metres (bcm) of natural gas to Iran this year at a price which has yet to be agreed, the two countries said on Friday. Iranian Oil Minister Mohsen Paknejad, on a visit to Moscow, said the deal had not been finalised but the two countries were working to clinch …

by hellenicshippingnews… on 25 April 2025 at 10:00 am

Palm oil demand from top global buyers China and India is expected to increase as the vegetable oil is now reasonably priced compared to its rivals, the Malaysian Palm Oil Council (MPOC) said on Tuesday. Palm oil is now considered “reasonably priced” at 3,900 ringgit ($889) per metric ton, the MPOC said in a statement, …

by hellenicshippingnews… on 25 April 2025 at 10:00 am

India is expecting steel imports from China, South Korea and Japan to slow after imposition of temporary tariffs this week, a government source directly aware of the situation told Reuters. On Monday, India, the world’s second-biggest producer of crude steel, imposed a 12% temporary tariff, or provisional safeguard duty, on some steel imports for 200 …

by hellenicshippingnews… on 25 April 2025 at 10:00 am

Venezuela will begin exporting a new medium crude blend this month as part of a marketing strategy to avoid a collapse of its revenue-generating oil sales once licenses on the U.S.-sanctioned OPEC member expire next month, trading documents showed. Washington in March revoked a handful of licenses it had granted in recent years for partners …

by hellenicshippingnews… on 24 April 2025 at 9:00 pm

France and other European countries will push for measures to protect the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday. Primas was responding to an announcement by steel manufacturer ArcelorMittal MT that it will eliminate around 600 jobs across seven French sites due to the crisis in Europe’s steel …

by hellenicshippingnews… on 24 April 2025 at 9:00 pm

Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate royalties, on March 1 to exert more national control over …

by hellenicshippingnews… on 24 April 2025 at 5:00 pm

India’s move to levy a 12% temporary tariff on some steel imports will help lower imports to an extent, JSW Steel’s JSWSTEEL chief executive, Jayant Acharya, told Reuters on Thursday. Earlier this week, India, the second-biggest crude steel producer, imposed a temporary tariff, or provisional safeguard duty, on some steel imports for 200 days. This …

by hellenicshippingnews… on 24 April 2025 at 10:00 am

China imported 27.4 million mt of metallurgical coal in the first quarter of 2025, a 2% increase year over year from 26.9 million mt in Q1 2024, according to the latest data from the China General Administration of Customs. The modest rise in total imports was supported by strong growth from Canada and the US, …

by hellenicshippingnews… on 24 April 2025 at 10:00 am

India has started raising palm oil purchases after a lull of five months as a correction in prices has made the tropical oil cheaper than rival soyoil, encouraging refiners to place orders to replenish inventories, four dealers told Reuters. Higher purchases by India, the world’s biggest buyer of palm oil, will support benchmark Malaysian palm …

by hellenicshippingnews… on 23 April 2025 at 9:00 pm

Sinopec, Asia’s top refiner, resumed purchases of Russian oil after a brief pause last month to assess risks from sanctions imposed by the United States on Russian entities, trade sources said on Wednesday. Unipec, a trading arm under China’s state-run Sinopec 600028, has bought May-loading Russian Far East ESPO Blend oil, the sources said, having …

by hellenicshippingnews… on 23 April 2025 at 5:00 pm

Bangladesh’s Rupantarita Prakritik Gas has issued a tender seeking three spot cargoes of liquefied natural gas for delivery in May and June, according to a tender document on its website on Wednesday. RPGCL is seeking the LNG cargoes for delivery on May 22-23, June 5-6 and 19-20 in a tender that will close on April …

by hellenicshippingnews… on 23 April 2025 at 10:00 am

China’s coal imports from Russia rose 6% in March from the same month last year to 7.33 million metric tons, data from the General Administration of Customs showed on Sunday, despite logistical constraints and Western sanctions. Coal imports from China’s largest supplier Indonesia declined 9% to 17.96 million tons, after Indonesia started using its government-set …

by hellenicshippingnews… on 23 April 2025 at 10:00 am

The Asian Liquified Natural Gas (LNG) market experienced a decline in prices this week, which spurred opportunistic buying activity from some Asian importers. The lower prices presented an attractive opportunity for these importers to secure LNG cargoes at a more favorable cost, potentially leading to increased imports in the near term. “The drop was driven …

by hellenicshippingnews… on 22 April 2025 at 9:00 pm

Increasing purchases of U.S. natural gas and oil is a focus of Taiwan’s tariff talks with the United States, President Lai Ching-te said on Tuesday. Lai has pledged to seek a zero tariff regime with the United States and buy more from and invest more in the country, as he seeks to head off U.S. …

by hellenicshippingnews… on 22 April 2025 at 9:00 pm

Asian governments are looking to buy more U.S. oil and gas as they scramble to lower their trade surplus with Washington in hopes of easing their tariff burdens under President Donald Trump’s sweeping new import duties. Many Asian countries run large trade surpluses with the United States and are also major energy importers. Trump’s tariffs, …

by hellenicshippingnews… on 22 April 2025 at 9:00 pm

The share of OPEC oil in India’s imports fell to a record low in fiscal year 2024-25 as refiners continued to gorge on cheaper oil from Russia, the top oil supplier to New Delhi for the third straight year, data obtained from trade and industry sources showed. India, the world’s third biggest oil importer and …