Home / Commodities / Freight News

Freight News

US LNG exports to rise at smallest pace since 2016

U.S. liquefied natural gas exports this year will rise about 2%, analysts estimate, the smallest annual increase since 2016 when the first big U.S. LNG export plant opened, launching a boom that drove the country’s producers to the top of world gas exporters. Slower gains reflect delays and production outages and the absence of a new facility since March 2022 when Venture Global LNG’s started up its Calcasieu Pass, Louisiana, project. This year’s 2% increase in export volumes, to 12.1 billion cubic feet per day (bcfd), is down from 12% ...

Read More »

South Korea’s KFA Busan bought 70,000 T corn in private deal, traders say

The Korea Feed Association (KFA) Busan section in South Korea purchased an estimated 70,000 metric tons of animal feed corn expected to be sourced from South America or South Africa in a private deal on Thursday without issuing an international tender, European traders said on Friday. The corn was believed to have been purchased from trading house Cargill at an estimated $249.99 a ton cost and freight (c&f) including a surcharge for additional port unloading for arrival in South Korea around Feb. 5, 2025. If sourced from South America, shipment ...

Read More »

Pakistani rice offered lowest in Indonesia’s tender for 500,000 T, traders say

The lowest price offered in the international tender from Indonesian state purchasing agency Bulog buy about 500,000 metric tons of rice was estimated at $479 a ton cost and freight (c&f) for rice expected to be sourced from Pakistan, European traders said on Friday. The lowest offer was said to have been made for 26,000 tons. No purchase has yet been reported and price negotiations are expected to continue in coming days, traders said. A decision is expected next week. Reports reflect assessments from traders and further estimates of prices ...

Read More »

Tunisia buys about 75,000 metric tons durum wheat in tender, traders say

Tunisia’s state grains agency is believed to have purchased about 75,000 metric tons of durum wheat in an international tender on Friday, European traders said. It was said to have been bought in three 25,000 ton consignments. One was purchased from trading house Raya at an estimated $353.07 a ton cost and freight (c&f) included, they said. One was bought from Casillo at $254.27 a ton c&f and one from EuroAgricola at $253.96 a ton c&f. Shipment was sought between Nov. 20 and Dec. 25 depending on origin supplied. Tunisia ...

Read More »

Algeria buys around 600,000 T milling wheat in tender, traders say

Algeria’s state grains agency OAIC bought around 600,000 metric tons of milling wheat in an international tender on Thursday, European traders said. Purchases were reported at around $263 a ton cost and freight included, they said. Initial trader estimates of the purchase volume were substantial with at least 480,000 to 500,000 tons. But most late evening estimates were around 600,000 tons. A large portion of the purchase was expected to be sourced from the Black Sea region including Bulgaria and Romania, along with the Baltic states, they said. Reports reflect ...

Read More »

South Korea’s MFG bought about 60,000 T soymeal, traders say

South Korea’s Major Feedmill Group (MFG) on Thursday purchased an estimated 60,000 metric tons of soymeal expected to be sourced from South America, the United States or China, European traders said on Friday. It was bought at an estimated $381.99 a ton cost and freight (c&f) including a surcharge for additional port unloading. Trading house Cofco was believed to be the seller. It was for arrival in South Korea around May 10, 2025. If sourced from South America, shipment was between Jan. 1 and Jan. 31. Reports reflect assessments from ...

Read More »

Russia’s Jan-Oct LNG exports up 6%, data shows

Russia’s January to October exports of liquefied natural gas (LNG) increased by 6% from a year earlier to 26.4 million metric tons with just over half going to Europe, LSEG data showed on Friday. Supplies in October alone rose by 10% from September to 2.97 million tons, a monthly high this year, according to the data. The September data was revised down to 2.7 million tons from an initially reported 2.81 million tons. Europe took around 13.4 million tons, or 51% of total Russian exports, in the first 10 months ...

Read More »

US West Coast refiners see less imports of Canadian synthetic crude in October: customs

Refiners on the US West Coast decreased imports of light, sweet Canadian synthetic crude in October, US Customs and S&P Global Commodity Insights data showed, indicating that tighter Canadian crude supply has been leading to less imports. Syncrude imports to the US West Coast averaged 71,588 b/d in October, according to data from the same sources. This compares with the 77,862 b/d imported in September and 67,699 b/d in August. Syncrude is a light sweet crude blend with an API of 33.4, according to recent assays. Synthetic grades have become ...

Read More »

Russia’s Oct pipeline gas exports to Europe up 2.5% y/y, calculations show

Russian energy giant Gazprom’s GAZP.MM average daily natural gas supplies to Europe in October edged up by 2.5% a year earlier and held broadly steady from September, Reuters calculations showed on Friday. Gazprom’s average daily pipeline exports increased to 90.6 million cubic metres (mcm), according to calculations based on data from European gas transmission group Entsog and Gazprom’s daily reports on gas transit via Ukraine. That was up from 90.2 mcm in September and 88.4 mcm in October 2023. Gazprom’s total natural gas supplies to the European Union stood at ...

Read More »

Argentina’s grains export revenue jumps more than 200% in October

Argentina’s farm sector brought in a total of$2.55 billion through exports in October, a 243% increase compared to the some month a year earlier, the CIARA-CEC oilseed and grains crusher chamber and exporters said on Friday. CIARA-CEC noted in a report that revenues from the sector’s companies rose nearly 3% compared to September. In the January-October period there was an 21% increase. October’s foreign exchange inflows “are the result of an improved pace of producer grain sales, as well as higher soybean crushing at one-month highs… and finally, an aggressive ...

Read More »

Iraq’s SOMO seeks more high-sulphur diesel deliveries for Dec, sources say

Iraq’s state-owned refiner SOMO is seeking to buy more high-sulphur diesel deliveries for December arrival, after earlier buying interest for one October cargo, three trade sources who saw the tender document said on Friday. SOMO is seeking a total of 85,000 metric tons of 2500ppm sulphur diesel, to be split into two 42,500-ton cargoes, for delivery between Dec. 1 and Dec. 31 to Khor Al Zubair, they said. The tender closes on Nov. 5, with validity of up to 20 days later. SOMO did not immediately respond to a Reuters ...

Read More »

Bangladesh’s RPGCL seeks 2 LNG cargoes for Dec delivery, document shows

Bangladesh’s Rupantarita Prakritik Gas Company Ltd (RPGCL) is seeking two liquefied natural gas (LNG) cargoes for delivery in December, a document on its website showed. The company is seeking the cargoes for delivery on Dec. 4-5 and Dec. 7-8 in a tender that will close on Nov. 3, according to the document issued on Thursday. Source: Reuters (Reporting by Emily Chow; Editing by Janane Venkatraman)

Read More »

Ukraine’s October grain exports up 59%, ministry says

Ukraine’s October grain exports rose 58.6% to 3.95 million metric tons from 2.49 million tons a year earlier on higher shipments of corn, barley and wheat, the agriculture ministry said on Friday. This included 1.64 million tons of wheat, 1.92 million tons of corn and 376,000 tons of barley, the ministry said. It said grain exports in the 2024/25 July-June season had reached 14.4 million tons as of November 1, up from about 9.2 million tons a year ago. This included 7.7 million tons of wheat, 4.7 million tons of ...

Read More »

US Saudi crude imports fall as West Coast refiners turn to Canada’s TMX pipeline

U.S. imports of crude oil from Saudi Arabia hit a near four-year low last week, U.S. government data showed on Wednesday, as Canada’s Trans Mountain pipeline sent more oil to the U.S. West Coast. The $24.84 billion Trans Mountain pipeline (TMX) expansion started in May, nearly tripling capacity to Canada’s Pacific Coast to 890,000 barrels per day and changing global trade flows. U.S. imports of Saudi crude fell to 13,000 bpd in the week to Oct. 25, according to U.S. Energy Information Administration data released on Wednesday. The imports were ...

Read More »

China’s appetite for thermal coal driving up imports, prices

China is adding renewable energies such as wind and solar to its electricity grid at a record pace, but it is also boosting the use of coal-fired generation, with September data showing a sharp increase. The world’s second-biggest economy saw power generation of 802.4 billion kilowatt-hours (kWh) in September, an increase of 6.0% from the corresponding month last year, official data showed last week. The share of thermal generation, which is mainly coal-fired, with only a tiny amount of natural gas, rose 8.9% from a year earlier to 545.1 billion ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping
error: Content is protected !!
×