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BHP in Talks with for LNG Bunker Supply Contract

Sep 21, 2020

BHP Group is in talks with three companies for the supply of liquefied natural gas (LNG) to fuel five ships it plans to use to transport iron ore between western Australia and China, a senior company executive told Reuters.A contract is expected to be awarded next month after an initial 8 to 10 firms vied for delivery of the super-chilled fuel to the miner over 2022 to 2027, Rashpal Bhatti, BHP's vice president for maritime and supply chain excellence told Reuters…

BHP Charters Five LNG-fueled Newcastlemax Bulk Carriers in a 'World's First'

Sep 04, 2020

Australia's BHP said Friday it had awarded a tender for world’s first LNG-fuelled Newcastlemax bulk carriers to Eastern Pacific Shipping, with the aim of reducing greenhouse gas (GHG) emissions by more than 30 percent per voyage.Eastern Pacific…

Oil Freight Rates Rocket After U.S. Sanctions COSCO

Sep 27, 2019

Oil freight rates in the Middle East and Asia have increased by almost 20 percent today following new US sanctions on units of Chinese company COSCO for its alleged involvement in ferrying crude oil out of Iran.In what the U.S. State Department…

SHI to Build Arctic LNG Ship for Zvezda

Sep 09, 2019

Russia's Zvezda Shipbuilding Complex has awarded the contract for the LNG carriers for the Arctic LNG 2 project to Samsung Heavy Industries (SHI). The South Korean company will also provide technical specifications and design documentation for the LNG carriers project…

Voyager Targets Bulk Shipping for SaaS Solution

Aug 21, 2019

Voyager, a company offering a solution to the bulk commodity shipping market to operate in a unified and digital environment, announced completion a $1.5 million seed funding round co-led by ATX Venture Partners, Blue Bear Capital, GreenHawk Capital…

For China, U.S. Soybeans are Small Fry

Jul 30, 2019

China's purchase of some U.S. soybeans is being viewed as a tentative sign of a little détente in the dispute between the world's two largest economies, but real progress would be a resumption of what had been a burgeoning energy trade.U.S.…

USCG & Liquefied Gas Cargoes as Marine Fuel

Jul 15, 2019

The establishment of air emissions regulations in the form of Emission Control Areas (ECA) and the approaching IMO 2020 sulfur cap have driven the search for economically, commercially, and environmentally acceptable marine fuels. With advancements in technologies and the significant growth of U…

AAL's Mega Size MPV Delivers 22 Modules

Mar 11, 2019

Specialist breakbulk and project heavy lift carrier AAL has successfully shipped 22 petrochemical plant modules from the Wilson Heavy Industry Company in Nantong, to the Ethylene Glycol II Expansion Project in Point Comfort, Texas on behalf of the Pacific Ocean Group Limited…

China's Coal Consumption to Rise in 2019

Feb 25, 2019

China's coal consumption is set to rise slighly to 3.89 billion tonnes in 2019 from 3.87 billion tonnes last year, the president of the China National Coal Association said on Monday.Wang Xianzheng made the forecast at an industry event in Beijing…

Coal's Uncertain Future and Glencore's Output Cap

Feb 22, 2019

It's been weird in the coal world in recent days, with the world's largest shipper saying it's capping output, biggest seaborne buyer China putting restrictions on some imports, and an Australian court saying mines must factor in climate change…

India's Thermal Coal Imports Could Rise 10 pct in 2019

Feb 19, 2019

India's thermal coal imports could rise by about 10 percent in 2019 due to rail transport problems and other logistical bottlenecks, an executive at the country's largest coal trader Adani Enterprises said on Tuesday.Thermal coal imports rose in 2018 after two years of decline…

Norden Gets Sembcorp Contract

Jan 31, 2019

Danish shipping company Dampskibsselskabet Norden has signed a ten-year Panamax contract of affreightment (COA) with Indian utility firm Sembcorp Energy India.Commencing April 1, Norden will carry out the transportation of steam coal in panamaxes…

U.S. Coal Cargo Reaches China, Beating Import Tariff Deadline

Jun 27, 2018

A vessel carrying 164,000 tonnes of coal from the United States reached Caofeidian port in northern China on Tuesday, Thomson Reuters Eikon ship tracking data showed. The vessel named Partnership is on schedule, while Beijing plans to impose steep tariffs next month on a list of U…

Coal Soars on Rising Demand from Asia

Jun 07, 2018

Coal prices in Asia are being driven to multi-year highs by a rare combination of simultaneous demand growth in the region's top four importers.Depending on the price used, thermal coal is either close to a two-year high or near the strongest in six years as China…

China Opening May Spark Iron Ore Markets

May 25, 2018

In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next. While the growth in iron ore futures and exchanged-cleared swaps has been impressive…

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OPEC+ to Hold Informal Online Talks Ahead of Next Week's Meetings

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China: INE, PetroChina to Deliver Marine Fuel Overseas

China: INE, PetroChina to Deliver Marine Fuel Overseas

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