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Singapore (Platts)--25 Apr 2017 1021 am EDT/1421 GMT
India may consider raising foreign currency denominated debt for development of its ports and inland waterways as part of its plans to lower transportation costs, generate employment and accelerate economic growth, the country's Minister for Road Transport, Highways and Shipping said Monday.
London (Platts)--25 Apr 2017 1021 am EDT/1421 GMT
Rotterdam delivered 380 CST bunker fuel oil premiums against benchmark 3.5% FOB Rotterdam barges surged to $10/mt Monday, gaining $7.75/mt from last Friday on the back of firmer buying interest and amid a weak FOB Rotterdam barge market.
Singapore (Platts)--25 Apr 2017 307 am EDT/707 GMT
India is fast-tracking its plans to complete two new terminals at Iran's Chabahar port with the tendering process already underway, India's transport minister said Monday.
Houston (Platts)--24 Apr 2017 1250 pm EDT/1650 GMT
Eyes from both the maritime and petroleum industries turned toward the Atlantic Ocean late last week when it was reported a ship loaded with unleaded gasoline en route to New York had been diverted to a Caribbean storage hub.
Sydney (Platts)--24 Apr 2017 901 am EDT/1301 GMT
The number of vessels queuing at the Port Waratah Coal Services terminals at the Port of Newcastle, Australia, rose to a five-week high of 16 ships Sunday, from 13 the week prior, the logistics coordinator for the Hunter Valley coal chain said Monday.
London (Platts)--24 Apr 2017 902 am EDT/1302 GMT
The 380 CST grade of bunker fuel oil in Hamburg has hit a five-week high against the regional benchmark -- 3.5% FOB Rotterdam barges -- amid tight availability at the German port, sources said.
Singapore (Platts)--21 Apr 2017 933 am EDT/1333 GMT
Tanker owner DHT Holdings announced the delivery of the first VLCC it purchased from BW Group amid shipping major Frontline's legal attempt to stop it from acquiring BW's VLCC fleet.
Singapore (Platts)--21 Apr 2017 934 am EDT/1334 GMT
Worldscale rates for loading at the ports of Ras Tanura, Juaymah and Ras Al Khafji and the Saudi Arabian Fixed Rate Differential have been revised due to a new tariff structure for tonnage dues, the Worldscale Association said Friday.
London (Platts)--20 Apr 2017 810 am EDT/1210 GMT
The cost of sending crude oil from West Africa to China on VLCCs has hit a two-month high due to a strong Persian Gulf market, sources said this week.
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