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All the oil cargoes were sold on consignment at a deep discount owing to the sanctions, which have scared away more established traders.
A Venezuelan entity supervising the use of crypto currency for official transactions was assigned oil cargoes for sale with no administrative control, Saab said.
By Anna Shiryaevskaya (Bloomberg) — Unprecedented congestion at the Panama Canal could ultimately result in delays at Egypt’s Suez Canal, potentially affecting cargoes of liquefied natural gas, according to a top.
Source: https://gcaptain.com/baltic-dry-index-soars-to-18-month-high-on-capesize-surge/
Clarksons Securities AS, a unit of the world’s biggest shipbroker, said the largest supertankers could see their earnings temporarily slump by about a third from the resulting decline in cargoes.
Source: https://gcaptain.com/surprise-opec-output-cuts-pummel-tanker-stocks/
Egypt has exported just two LNG cargoes this month, one to Belgium and the other to Italy, ship-tracking data show.
Source: https://gcaptain.com/lng-tanker-departs-suez-canal-empty-to-avoid-war-risk-insurance-premium/
Gardner then spent time blockade-running on a steamer from Liverpool, England, to Savannah in the southern USA helping deliver tobacco cargoes and iron for railway tracks.
He also stated that 70 per cent of cargoes coming to West Africa are destined for Nigerian markets.
Source: https://leadership.ng/navy-secure-1-5bn-lekki-seaport-anchorage-with-2-gunboats/
In Shanghai, Beltamozhservice will display multimodal transportation services along the Belarus-China route, services for the delivery of export-import cargoes in organized container trains.
Nikolai Snopkov explained that once the transshipment of Belarusian cargoes via Baltic sea ports became impossible due to unfriendly actions of a number of countries, Russian port infrastructure came to the forefront for Belarus.
Star Bulk Carriers Corp. is a shipping company that transports bulk cargoes globally, such as iron ore, minerals, grains, and fertilizers.
Suffice to say though, Scott, that we do believe that we'll be able to provide a very solid runway of LNG cargoes for those counterparties.
The California-based company has delivered at least one shipment of heavy naphtha to its Venezuelan joint oil ventures and has been assigned three crude cargoes by PDVSA so far.
The main destination of U.S. LNG exports was Europe, which received about 52% of cargoes, followed by Asia with 30% and South America and the Caribbean with 7%.
Source: https://gcaptain.com/us-lng-exports-in-august-slip-as-heat-maintenance-cut-processing/
The Morrell, and her sister ship, Edward Y Townsend, launched four days before, were built to carry heavy cargoes of iron ore from the Lake Superior regions to the industrial cities of Erie and Buffalo.
The port has not been in operation since its declaration as a port of origin and final destination for the import and export of cargoes in February this year by the then minister of Transportation, Mu’azu Jaji Sambo.
Source: https://leadership.ng/billion-naira-dry-ports-lay-waste-in-kano-kaduna-plateau-katsina/
These workers were called lightermen and spent their days on lighter, flat-bottomed barges who carried cargoes from larger ships.
This price difference between Henry Hub compared to destination markets drove U.S. LNG export cargoes to Europe instead of Asia.
This should support the redirecting of LNG cargoes towards Asia.
This will also protect roads from further damage and improve the efficient movement of cargoes.”
Source: https://businessmirror.com.ph/2023/05/30/nlex-puts-up-more-weighbridge-stations/
While a few additional cargoes heading to Bangladesh isn’t enough by itself to cause a surge in demand, it’s perhaps a sign that there is more interest in resuming spot LNG purchases.