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News
 
Iron and Steel
 

India’s Iron and Steel imports rise 19.04% in March


India’s iron and steel imports rose 19.04% to US $730.69 mn, according to InfodriveIndia.com, a premier research agency. The finding is based on irone and steel market data compiled from import bills of entry filed at Indian customs through March … Continue reading

Indian refining and petrochemical giant Reliance Industries Ltd
 

India’s Reliance Jan-Mar quarter gross refining margin down 7.9% on year at $9.30/b


Indian refining and petrochemical giant Reliance Industries Ltd. Friday reported a 7.9% year-on-year decline in its gross refining margin for the January-March quarter, to $9.30/barrel. However, the company showed an increase of 22.3% over the previous quarter, as demand bounced … Continue reading

Arctic crude cargo
 

Gazprom sends Russia’s first-ever Arctic crude cargo to international market


Russian gas giant Gazprom has sent the first cargo with crude produced at the Prirazlomnoye offshore field — the country’s only Arctic offshore hydrocarbon project — to the international market, the company said Friday. “ARCO, or Arctic Oil, the new … Continue reading

Ince & Co
 

Shipping Issues Arising Out Of The Ukraine Crisis


The situation in Ukraine remains fluid and, with events moving quickly, very little is certain. Attention is focused on the Crimea with rumours in early March of Russian naval vessels at times blockading the Kerch Straits which, if true, would … Continue reading

Russia agrees to ship 23 million mt of crude to Belarus in 2014
 

Russia agrees to ship 23 million mt of crude to Belarus in 2014


Russia has agreed to ship 23 million mt of crude to Belarus this year, a spokeswoman for the Russian Energy Ministry said Friday. Russia is planning to ship 21 million mt by pipeline and a further 2 million mt by … Continue reading

South Korean LPG importer ship
 

South Korean LPG importer SK Gas taps into coal-fired power generation business


SK Gas, South Korea’s largest LPG importer, said Friday it has decided to pay Won 171.6 billion ($165.5 million) for a 19% stake in a joint venture building a coal-fired power plant on the country’s southeastern coast. “The board of … Continue reading

shipowner
 

ER Schiffahrt: More will be expected from charter owners by ocean carriers


SHIPOWNER shipmanager ER Schiffahrt CEO Hermann Klein said container lines will be demanding much more from tonnage providers, shipowners that charter vessels to ocean carriers. That means “low charter rates, low fuel consumption, the highest reliability, flexibility, dedicated shipmanagers and … Continue reading

Chinas-iron-ore
 

Brazil’s March iron ore exports to China rise 4% year on year: government


Brazil’s iron ore exports to China in March rose to 12.1 million mt, 4% above the 11.6 million mt exported to that country in March 2013, Secex, Brazil’s foreign trade secretary, said in data released this week. The exports had … Continue reading

S.Korea's Iran crude oil imports
 

Iran oil exports fall for first time in five months


Iran’s crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November’s temporary nuclear deal that eased some sanctions on Tehran. Under … Continue reading

LNG carrier
 

US export uncertainty unsettles global LNG industry


Anxiety is rising in the liquefied natural gas business over the slow rollout of North American LNG export projects. Anxiety about supply. Anxiety about pricing. The worry was simmering at the big Gastech Conference & Exhibition held March 24-27 in … Continue reading

Captain of sunken
 

Captain of sunken South Korean ferry, 2 crew members arrested in disaster


The South Korean ferry captain was arrested Saturday on suspicion of negligence an abandoning people in need, as investigators looked into whether his evacuation order came too late to save lives. Two crew members were also arrested, a prosecutor said. … Continue reading

RINA Group
 

RINA Group gets $34.6m boost from local investors


Italian investment firms Intesa Sanpaolo and VEI Capital have purchased a joint stake in RINA Group parent company RINA S.p.A for EUR25m ($34.6m). The investment is part of a drive to make the RINA Group more internationally competitive with “key … Continue reading

Shipping Market
 

Green Shoots Appear in the Shipping Market


It would appear that shipping stocks are back in play as the Baltic Dry Index, or BDI for short, trends higher, bringing stocks like Diana, DryShips and Navios Maritime Partners back in play. Baltic Dry is recovering The Baltic Dry … Continue reading

Tianjin_Port
 

Tianjin’s 2-month foreign trade volume up 8.3pc to 1.17 million TEU


THE northern China’s Tianjin posted a 8.3 per cent year-on-year increase in foreign trade container volume to 1.17 million TEU in the first two months of the year, according to Port Services Office of the Tianjin Municipal Government, reports Xinhua. … Continue reading

International Maritime Burea
 

Surge In West African Piracy


The International Maritime Bureau (IMB) is asking ships to be extra vigilant when transiting West Africa as piracy in the region becomes a growing concern. Thanks to effective counter-piracy efforts in the Gulf of Aden region, activity in East Africa … Continue reading

CAPESIZE BULKER
 

Cape Vessels Freight Matrix Report for Coal Shipment into India and China: Bulk Marine Ltd


Source: Bulk Marine

Dry Panamax
 

Panamax Vessels Freight Matrix Report for Coal Shipment into India and China: Bulk Marine Ltd


Source: Bulk Marine

Chinese supertanker
 

Supramax Vessels Freight Matrix Report for Coal Shipment into India and China: Bulk Marine Ltd


Source: Bulk Marine

Iron ore imports
 

Asian seaborne iron ore price rebounds as strong buying interest resurfaces


The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. A … Continue reading

imported edible oil
 

India’s dependence on imported edible oil to hit new record


India’s dependence on imported edible oil is set to hit new record this year despite increase in oil seed output this year. Increasing direct consumption of oil seeds including soybean, mustard seed and ground nut reduced their availability forcrushing. Consequently, edible oil production from … Continue reading