Why Indonesia’s nickel ore export ban affects dry bulk shippers
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- Category: Mercados - Fletes- Cotizaciones
- Published on Saturday, 05 April 2014 14:53
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Why Indonesia’s nickel ore export ban affects dry bulk shippers
Indonesia: An export-led economy
Indonesia is the largest economy in Southeast Asia and also one of the largest emerging markets in the world. As a major producer and exporter of oil, gas, and minerals (including gold, nickel, copper, tin, and thermal coal), Indonesia’s exports account for a significant share of Indonesia’s GDP. In recent years, exports have been the key driver of economic growth in Indonesia. According to data from the World Bank, Indonesia’s exports of goods and services were about 24% of its GDP in 2012, and its main exports are coal briquettes, petroleum gas,
Progress on Mozambique LNG piles more pressure on Nigeria
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- Published on Saturday, 05 April 2014 14:45
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Progress on Mozambique LNG piles more pressure on Nigeria
As Mozambique inches closer to its ambition of becoming a leader in the global liquefied natural gas (LNG)industry, the East African country looks set to upending Nigeria’s share of the high-demand Asian markets as it makes inroads into the region.
Last week, Anadarko Petroleum, the primary operator of Mozambique’s Rovuma Offshore Area 1,which is estimated to hold more than 65 trillion cubic feet (Tcf) of natural gas, said it had sold twothirds of the capacity of its planned Mozambique LNG project to Asian customers and hopes to have the rest sold soon.
To develop massive LNG projects, financiers often require customers to be lined
Kuwait's crude oil exports to China at 75,000 bpd
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- Published on Sunday, 30 March 2014 08:37
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Friday, 28 March 2014 | 16:00
HSN
Kuwait's crude oil exports to China stood at 287, 000 tons in February, equivalent to around 75,000 barrels per day (bpd), the latest government data showed. Shipments fell 30.1 percent from a year earlier, according to data released by the General Administration of Customs.
China's overall imports of crude oil rose 10.9 percent in February on the year to 23.05 million ton (6.04 million bpd).
Shipping industry may confront another deluge of overcapacity
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- Published on Friday, 04 April 2014 05:55
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Shipping industry may confront another deluge of overcapacity
Friday, 04 April 2014 | 00:00
PTI reported that shipping companies across the globe have been struggling with oversupply of ships and little demand in the last 5 years. However, a slight pick up on the back of recovery in global trade and economy recently have lifted hopes and freight rates in the shipping industry, but this could soon come under the cloud from rising new ship orders. Over the last 6 months, there has been a spike in demand for new ships, both in the bulk as well as container shipping industry. This was led by enthusiastic shipping companies in Greece and Norway and depressed shipping vessel
Wheat Falls Most in Two Weeks as Rain Aids U.S. Crops
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- Published on Saturday, 29 March 2014 02:24
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Wheat futures fell the most in four weeks on speculation that favorable weather will boost crop prospects in Australia and the U.S., the world’s top exporter. Corn and soybeans closed unchanged.
Parts of Oklahoma, Texas and Kansas, the top U.S. wheat growers, got as much as 0.75 inch (1.9 centimeters) of rainyesterday, data from World Ag Weather show. Areas in eastern Australia received as much as 2 centimeters this week, boosting soil moisture before planting starts next month, a farm group said.
“The U.S. crops are getting some beneficial moisture, and wheat only needs a little rain to produce a good crop,” Shawn McCambridge, the senior grain analyst for