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Tuesday, 12 July 2016
Gail India tenders to buy 6 LNG cargoes for 2017 delivery – trade sources
 
Gail India has launched a tender to buy six liquefied natural gas (LNG) cargoes for delivery in 2017, according to trade sources. The supply is to be purchased based on a link to Brent crude oil prices, one of the sources said. Price-sensitive Indian importers have taken advantage of relatively low LNG prices to bolster ......
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Tuesday, 12 July 2016
South Africa’s bulk exports rose by 3.41% y/y in June to 12.8 million tons
 
SA’s bulk export volumes rose by 3.4% year-on-year (y/y) in June to 12.8 million tons (Mt), after rising by 6.2% y/y in April to the second highest monthly total of 16.2 million tons (Mt), data from the Transnet National Ports Authority (TNPA) showed on Friday. The record monthly tonnage of 16.4 Mt was achieved in ......
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Tuesday, 12 July 2016
Higher coal prices to boost Coal India
 
Thermal coal prices have increased year-to-date (see chart). According to S&P Global Platts data, the price of FOB Kalimantan 4,200 kcal/kg GAR coal, a popular grade among Chinese and Indian buyers, has gained nearly 11% since the start of 2016. Some reasons for the increase include supply tightness in Indonesia and strong demand from China. ......
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Tuesday, 12 July 2016
Oil bounces back from two-month lows on weaker dollar
 
Oil futures bounced back from two-month lows on Tuesday, helped by a weaker dollar, but a global stocks overhang and a drop in bullish bets by investors still weighed on prices. Brent crude was at $46.93 per barrel at 0853 GMT, up 68 cents or 1.5 percent from the last close. U.S. West Texas Intermediate ......
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Tuesday, 12 July 2016
OPEC Paid A Steep Price For 2% Market Share
 
The Organization of the Petroleum Exporting Countries, known to most people as simply OPEC, has been widely unpopular in the U.S. since the 1970′s. In October 1973, in retaliation for the West’s support of Israel in the Yom Kippur War, the Arab members of OPEC – The Organization of Arab Petroleum Exporting Countries (OAPEC) – ......
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Tuesday, 12 July 2016
Iran Cuts Aug Crude Prices For Asia, Med To Gain Market Share
 
OPEC producer Iran cut prices for August crude sales to Asia, the Mediterranean and from the port of Sidi Kerir in Egypt, in a continuing effort to regain market share in these regions post-sanctions. Tehran’s oil sales hit 4-1/2 year high in June, nearly doubling since December as sanctions were lifted on its oil exports ......
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Tuesday, 12 July 2016
Navico to get new owners to support further growth
 
Navico Holding AS (Navico) is to be Acquired by Goldman Sachs Merchant Banking Division and Altor Fund IV Navico – a leading provider of marine electronics and parent company to the Lowrance®, Simrad®, B&G® and GoFree® brands – announced today that Goldman Sachs Merchant Banking Division and Altor Fund IV have partnered and signed an agreement [...]...
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Tuesday, 12 July 2016
Hot Port News from GAC
 
  12-Jul-2016 MARINE WORKS AT TAP MUN Hong Kong Marine Works at Tap Mun Tuesday, July 12, 2016, Hong Kong For approximately 6 months, marine works involving pier repairing works will be carried out [at Tap Mun] within the area bounded by straight lines joining the following co-ordinates (WGS 84 Datum) from (A) to (D): [...]...
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Tuesday, 12 July 2016
With the Supras@666* the BDI makes …waves
 
After a long time, the Supras and its respective BSI index gained a double digit plus, 15 (fifteen) points lifting also the BDI at 711; John Faraclas’ daily Market and Geopolitics recap: The BDI (Baltic Dry Index) was up seven points since yesterday standing now at 711 – seven eleven so to speak… thanks to [...]...
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Tuesday, 12 July 2016
Akwa Ibom Annual Convention
 
The Ati Annang Association of Akwa Ibom will be holding its annual international convention for the first time in the UK on July 23, 2016 at the Hilton Paddington. The event will consist of a lecture in the day with press a Q and A session and a banquet in the evening. The keynote speaker for the [...]...
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