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Commodity Tracker: 5 charts to watch this week | Hellenic Shipping News Worldwide

War in Ukraine This week, we take a look at what Emmanuel Macron’s election victory means for French power prospects, record prices for Brazil’s soybeans, and the rise in food inflation. Also in focus are India’s crude demand and the cost of shipping fuel from Asia to the US. 1. French power prices keep rising ...
Black Sea Oceans General United States South Korea Monika Tothova International Monetary Fund

Americas clean tanker freight posts 32%-60% loss as ballasters alleviate tonnage crunch

An armada of European and West African ballasters coupled with improved replenishment of tonnage on the Americas short-haul routes forced freight for Medium Range tankers down 32%-60% on the US Gulf Coast-loading clean tanker benchmark routes to Brazil, Chile and the Caribbean. Mabanaft placed a Norient Medium Range tanker on subjects at $1.5 million April ...
United States Us Energy Information Administration West African Medium Range Norient Medium Range West Coast Central America

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Americas freight bonanza hinges on product availabilities, ballasters | Hellenic Shipping News Worldwide

The verdict is out on how far into the second quarter Americas clean tanker markets can sustain the fixing bonanza that has driven freight to peaks not seen since the third decade of April 2020, when pandemic-related global lockdowns prompted steep contangoes on the oil markets and put over 200 million barrels of crude and ...
Black Sea Oceans General United States United Kingdom Energy Information Administration South America

Americas clean tanker freight surpasses 2020 floating storage boom rates | Hellenic Shipping News Worldwide

Key US Gulf Coast loading clean tanker freight rates spiked 22% to Chile, 25% to the Caribbean, and 38% to Brazil on April 5 after a week-long fixing spree that started on March 30. At the April 5 assessed rates of $3.3 million and w420 for the 38,000 mt USGC-Chile and USGC-Brazil runs, the cost ...
United States Medium Range South America Long Range

Overseas Shipholding Group, Inc. (NYSE:OSG) Major Shareholder Sells $54,000.00 in Stock

Overseas Shipholding Group, Inc. (NYSE:OSG – Get Rating) major shareholder Cyrus Capital Partners, L.P. sold 25,000 shares of Overseas Shipholding Group stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $2.16, for a total value of $54,000.00. The sale was disclosed in a filing with […]
Shipholding Group Securities Exchange Commission Shipholding Group Inc Shipholding Group Get Rating Verition Fund Management Squarepoint Ops

Hafnia (OTCMKTS:HFIAF) PT Raised to 29.00 at HC Wainwright

Hafnia (OTCMKTS:HFIAF – Get Rating) had its price objective upped by HC Wainwright from 25.00 to 29.00 in a research note published on Wednesday morning, The Fly reports. OTCMKTS:HFIAF opened at $1.60 on Wednesday. Hafnia has a 12 month low of $1.60 and a 12 month high of $1.60. The firm has a fifty day […]
Get Rating Long Range Medium Range Otcmkts Hfiaf Boost Price Target Hc Wainwright

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