Home / Commodities / Freight News

Freight News

French wheat, barley shipments outside EU ease in September

French soft wheat shipments outside the European Union dropped in September following a strong August, Refinitiv data showed. Soft wheat exports to destinations outside the 27-country bloc totalled 695,400 tonnes in September, the third month of the 2021/22 season, an initial estimate based on Refinitiv loading data showed. China was the largest non-EU destination for French soft wheat last month, with an initial estimate of 185,200 tonnes, followed closely by Algeria with 184,000 tonnes. Wheat exports to China are set to accelerate further in October, scheduled loadings suggest. Algeria had ...

Read More »

China looks to lock in U.S. LNG as energy crunch raises concerns

Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the country’s fuel security, several sources said. At least five Chinese firms, including state major Sinopec Corp 0386.HK and China National Offshore Oil Company (CNOOC) and local government-backed energy distributors like Zhejiang Energy, are in discussions with U.S. exporters, mainly Cheniere Energy LNG.A and Venture Global, the sources told Reuters. The discussions could lead to deals worth tens of billions of ...

Read More »

Jordan issues tender to buy 1200,000 tonnes of wheat, say traders

Jordan’s state grains buyer has issued a new international tender to purchase 1200,000 tonnes of wheat, European traders said on Thursday. The deadline for bids is on Oct. 20 and the tender is seeking optional-origin wheat for shipment in several periods between mid-January and mid-March, they said. Source: Reuters (Reporting by Michael Hogan Writing by Gus Trompiz Editing by David Goodman )

Read More »

Turkey issues tender to buy 300,000 tonnes of wheat, say traders

Turkish grain board TMO has issued an international tender to buy around 300,000 tonnes of optional-origin red milling wheat, European traders said on Thursday. The deadline for bids is Oct. 21, they said, adding shipment was sought to several Turkish ports between Dec. 10 and Dec. 31. Source: Reuters (Reporting by Michael Hogan, writing by Gus Trompiz; editing by Jason Neely)

Read More »

Rio Tinto cuts 2021 iron ore shipments forecast on labour squeeze

Rio Tinto Group on Friday reduced its 2021 iron ore shipments forecast, as a tighter labour market in Western Australia delayed the completion of a new greenfield mine at Gudai-Darri. “It has been another difficult quarter operationally and … we recognise the opportunity to raise our performance,” said chief executive officer Jakob Stausholm. The miner now expects 2021 Pilbara iron ore shipments at between 320 million tonnes (mt) and 325 mt, down from a previous range of 325 mt to 340 mt. The downgrade puts Rio on course to lose ...

Read More »

China allocates last batch of crude import quotas for 2021 at 14.89 million mt

China’s qualified refineries, mostly independent, have been allocated the final batch of crude oil import quotas for 2021 at 14.89 million mt, sources with knowledge of the matter told S&P Global Platts Oct. 15. With the allocation, which was expected to have been announced two weeks ago, quota holders are finally able to buy crude barrels for delivery by end-2021. Some independent refineries suffered from a shortage of quotas, which capped their throughput to a certain extent. “If the allocation was further delayed, we may have to take regional crudes, ...

Read More »

Qatar sells Dec-loading al-Shaheen crude at higher premiums

Spot premiums for December-loading al-Shaheen crude rebounded after Qatar Energy sold three cargoes via a tender to Chinese buyers, trade sources said The cargoes were sold at an average premium of $2.34 a barrel above Dubai quotes, they said, after premiums hit five-month lows last month Chinaoil bought the first cargo at a premium of $2.50 a barrel while Unipec took the remaining two at premiums of $2.25 a barrel, they said Qatar Energy set the December term premium at $2.48 a barrel, the highest in two months The cargoes ...

Read More »

Turkey seals 11 bcm Azeri gas deal and making progress on supply, minister says

Turkey has sealed a three-year,11 billion cubic metres (bcm) natural gas accord with Azerbaijan and is making “significant” progress in securing additional natural gas supply, Energy Minister Fatih Donmez said on Friday. Turkey’s record demand for natural gas this year is forcing it to step up purchases on a surging spot market as it scrambles to renew long-term contracts expiring this winter. Donmez said the deal was for delivery of 11 bcm of gasvia the Baku-Tiflis-Erzurum pipeline until end-2024, dismissing what he said were efforts to create the perception that ...

Read More »

Asia Rice: Export rates steady across hubs, ship scarcity worries Thai traders

Export prices for rice from major Asian hubs were steady this week, with the Indian market navigating lower supplies, while Thai traders continued to struggle with shipping constraints. Top exporter India’s 5% broken parboiled variety RI-INBKN5-P1 was quoted at $360 to $363 per tonne this week, unchanged from last week. “The rupee has been depreciating but local rice prices are also moving up because of lower supplies. From the next month, supplies would rise from the new season crop,” said an exporter based at Kakinada in the state of Andhra ...

Read More »

Kremlin says Putin has not reached decisions on gas exports by Rosneft, this still under discussion

Russian President Vladimir Putin has not reached decisions regarding gas exports by Rosneft , Dmitry Peskov, the president’s spokesman, told reporters. The CEOs of Rosneft and BP, Igor Sechin and Bernard Looney, discussed the prospects for developing cooperation, including the possibility of gas supplies to Europe under an export contract between the companies, at a meeting held during Russian Energy Week, the Russian oil company said. Asked whether a decision regarding gas exports had been reached, Peskov said: “No, I know nothing about this. I’m not aware of any decisions ...

Read More »

India Sept veg oil imports balloon 67% on month on record palm oil buying

Indian imports of vegetable oils in September rose 67% month on month to 1.76 million mt as lower duties helped push palm oil imports to a historic high, according to data released by the country’s vegetable oil trade body on Oct. 13. September palm oil imports surged to 1.26 million mt, up 68% month on month since it attracts a lower import duty compared to soft oils like soybean oil and sunflower oil, the Solvent Extractors’ Association of India said. India — the largest buyer of vegetable oils in the ...

Read More »

Singapore LNG scouts for spot cargoes as electricity futures surge

Singapore LNG Corp is making enquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state’s liquefied natural gas (LNG) terminal, industry sources said. The enquiries come on the back of surging prices globally of power generation fuels such as LNG and coal, amid power shortages from China and India to Europe. SLNG contributes to Singapore’s energy security and its terminal supplies up to 30% of the city state’s natural gas demand for power generation, its website says. SLNG is looking for LNG ...

Read More »

Turkey starts buying corn in tender, say traders

Turkish grain board TMO has started buying corn in an international tender, with 200,000 tonnes believed to have been booked initially, traders said on Thursday. More purchases are possible in the tender, in which TMO was seeking about 325,000 tonnes of corn, with final results subject to official approval, traders said. Source: Reuters (Reporting by Michael Hogan Writing by Gus Trompiz Editing by David Goodman )

Read More »

Mongolia plans to export at least 36 mln tons of coal next year

Mongolia is planning to export at least 36 million tons of coal next year, authorities said on Wednesday. The plan was announced by Byadran Lkhagvasuren, governor of the country’s central bank, while introducing a draft resolution on basic guidelines for 2022 State Monetary Policy to lawmakers. “The majority of our country’s exports are mining products, about 40 percent of which are coal. We are planning to export at least 36 million tons of coal next year,” Lkhagvasuren said. He added that the target is quite a large one for the ...

Read More »

Brazil coffee exports fall 29% in Sept on shipping hurdles

Brazilian exports of green coffee fell 29% in September compared with a year earlier, to 2.74 million 60-kg bags, exporters association Cecafe said on Wednesday, as shipping difficulties continued to hamper the commodity’s flow. Cecafe’s head, Nicolas Rueda, said there was no change regarding shipping, with exporters struggling to get bookings for containers and vessels, as well as facing frequent loading postponements from shipping companies. “There is intense competition among exporters to secure containers and to book loadings. And it is all very costly,” Rueda said in a statement, adding ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping