Russia’s new crude oil pipeline deal is unlikely to significantly dent seaborne flows to Asia’s top oil consumer, but it will help build larger strategic oil reserves in the northwest and will give refiners in the region the confidence to increase throughput, analysts said Feb. 8. The deal, which comes at a time when oil […]
Global maritime trade volumes have returned to pre-Covid levels and are on track to grow 3.4% this year, according to new data and forecasts from Clarkson Research Services. The amount of cargo shipped by sea last year rebounded 3.4% in terms of tonnes and ton-miles, with volumes totaling 12 billion tonnes, returning to 2019 levels […]
Volume is expected to exceed 34 million tonnes by year-end results The volume of maritime traffic on the Northern Sea Route (NSR, Sevmorput), as of December 17, 2021, reached more than 33.5 million tonnes, Rosatom said. The figures are based on freight traffic statistics provided by the Maritime Operations Headquarters, Atomflot (part of the National […]
The global LPG maritime trade has improved this year, which has helped LPG shipping companies. In its latest weekly report, shipping broker Banchero Costa said “Global LPG trade has remained fairly positive so far in 2021, despite the global impact of COVID-19. Even in 2020, total LPG imports by sea increased + 0.9% year-on-year to […]
China redrew the map of global LNG trade by sea this year, dismissing trade disputes with America, to dramatically raise the overall ton-mile scenario for LNG carriers, which have achieved record gains more than $300,000 a day in the past month. The United States is now China’s second largest LNG supplier, having overtaken Qatar, Malaysia […]
SThe airborne coal trade has reversed the downward trend of the past two years, with 2021 being in positive territory so far. In a recent weekly report, shipping broker Banchero Costa said that “2021 continues to see a steady but consistent recovery in demand for coal and therefore trade as well. During the first 10 […]
In the first three quarters of 2021 The German port of Hamburg recorded a 2.9% increase in sea freight throughput, reaching 95.8 million tonnes in the first nine months of 2021. However, the port warned that international transport chains would continue to be unstable for the remainder of the year, with global container ports experiencing […]
VSCoal exports have experienced a significant recovery so far in 2021, contributing to the recovery of the dry bulk market, despite the recent correction. In its latest weekly report, shipping broker Banchero Costa said that “2020 has turned out to be a really terrible year for the global maritime coal trade. In 2021 things started […]
About 150 million tonnes will be traded in the maritime market, of which 55% of import demand is expected to come from Northeast Asia, he said in a report on the so-called low-emission hydrogen. carbon released Thursday. Hydrogen could account for around one-third of global marine energy trade by 2050 from zero, as countries see […]
SThe strong LPG trade, along with LPG imports from India, significantly helped propel LPG transport companies in the first half of the year. In its latest weekly report, shipping broker Banchero Costa said that “global LPG trade remained fairly positive in 2020, despite the global economic impact of COVID-19, and increased sharply in the first […]
SStrong demand for iron ore in 2021 has significantly contributed to the rise in freight rates in the dry bulk market. In its latest weekly report, shipping broker Banchero Costa said that “2021 has so far proven to be very robust in terms of the iron ore trade. Total global loadings in the first 7 […]
Japan is one of the main markets for global maritime trade. However, 2020 has turned out to be a rather gloomy year for coal. So far, however, 2021 is looking much better, with volumes increasing with each passing month. In a recent weekly report, shipping broker Banchero Costa said that “2020 has turned out to […]
The global maritime coal trade is slowly showing signs of recovery after a difficult 2020 and, to a lesser extent, a first half of 2021. In a recent weekly note, shipping broker Banchero Costa said that “2020 has turned out to be a truly terrible year for global maritime coal. Trade. Total global loadings in […]
Dorian LPG Ltd. said global maritime supplies of liquefied petroleum gas increased in the quarter ended June 30, due to increased exports from the United States. On the market: “The global supply of LPG by sea increased by approximately 1.5 million tonnes in the second calendar quarter of 2021 compared to the first calendar quarter […]
Global maritime trade volumes of coal in 2021 are expected to increase by more than 5% from 2020, with a further increase for 2022 despite decarbonization programs, according to Assocarboni, the General Association of Coal Operators, according to forecasts. May 10. “Maritime trade will start to grow again: a 5% increase in volumes traded is […]
One of the quirks of the Asian marine coal market is that volumes have held up remarkably well, despite the fuel demonized for its role in climate change and the growing number of countries and companies rejecting it. At least that was the case in recent years, but there are now signs that volumes are […]
One of the quirks of the Asian marine coal market is that volumes have held up remarkably well, despite the fuel demonized for its role in climate change and the growing number of countries and companies rejecting it. At least that was the case in recent years, but there are now signs that volumes are […]
Strong points Steel production closes in China despite regional production controls Record steel margins for flat and long steel products Higher restocking demand in the week on Chinese docks Singapore – The Platts 62% Fe iron ore fines index hit a record high at $ 193.85 / mt dry CFR in northern China, 85 cents […]
About 70 million barrels of oil are lost each year due to the evaporation of volatile organic compounds (VOCs) during the loading, storage and transport of crude oil on ships. This is an environmental problem as well as a significant economic cost. The amount lost represents a value of 3.0-3.5 billion USD per year. In […]
SThe maritime trade in coal was one of the biggest ‘losers’ in 2020, as total loadings declined significantly due to lower demand. In a recent weekly report, shipping broker Banchero Costa said that “2020 has turned out to be a really terrible year for the maritime coal trade. Total loadings in the 12 months of […]
SAirborne coal trade declined in 2020 as major exporters registered lower trade figures. In its latest weekly report, shipping broker Banchero Costa said that “in the 12 months of 2020, global trade in coal by sea has declined by as much as -12.7% year-on-year, according to data from tracking Refinitiv’s ships, as closures shut down […]
Strong points Downstream recovery to slow down the decline Pre-lunar trade for diving China’s readmission of scrap imports set to boost demand This report is part of the S&P Global Platts Metal Trade Review series, where we sift through datasets and digest some of the key trends in metallurgical coal, iron ore, scrap and alumina. […]
As Middle East crude oil exports are a vital part of the tanker market, it’s worth taking a look at the latest market fundamentals. In a recent weekly report, shipping broker Banchero Costa said that “Kuwait is the fourth largest exporter of crude oil to the Middle East after Saudi Arabia, Iraq and the United […]
VSTrade tensions between China and Australia, which have led to disruptions in the coal trade, still so important to the dry bulk market, could potentially lead to more long-haul charters. For example, Canada is the world’s seventh largest exporter of coal. During the 2019 calendar, the country exported a total of 58.7 million tonnes of […]
NEW WIND ENERGY SERIES (2): Hamburg towing kite demonstrates environmentally friendly wind drives for ships Thousands of years ago, when engines were unknown, people were well aware of the enormous potential of wind at sea. Nowadays, all kinds of container ships navigate the high seas. Some are powered by gas. while others use fuel cells […]
A precise understanding of the demand for thermal coal is important in the context of the continued interest in Australia, our region and the world in the future of coal. Recent analysis suggests that Australia’s major global thermal coal producers may benefit from strong future growth in demand, especially in our region. It is clear […]
With a sea freight throughput up 1.1% to 136.6 million tonnes, Germany’s largest universal port can post an excellent result for 2019. Faced with the slowdown in world trade and trade sanctions, Hamburg has performs well in a tough environment, the company said in its statement. “The Port of Hamburg is not only one of […]
Global trade in coal by sea rose 3.7% last year thanks to higher production in India, Indonesia and Russia, the German lobby of VDKI coal importers said on Friday. Imports and exports reached 1.202 billion tonnes, up from 1.159 billion tonnes in 2017, VDKI chief executive Franz-Josef Wodopia said in a speech made available to […]
The sea freight throughput of 70.2 million tonnes in the first half of the year reflects the stabilization of the trend for the Port of Hamburg. At the same time, a sharp increase has occurred in the transport of goods by rail from / to the port of Hamburg. At 70.2 million tonnes, in the […]