Australia’s Heavy-Sweet Crudes Surge Ahead of IMO 2020

By Florence Tan SINGAPORE (Reuters) - Prices for Australian heavy-sweet crude grades are rising as traders snap up cargoes for blending ahead of new rules on shipping fuel, putting them among the most expensive crudes in the world. The high premiums are benefiting producers such as BHP Group , Santos Ltd and Inpex Corp, which sell grades such as Pyrenees and Van Gogh … [Read more...]

World’s Largest Iron Ore Port Expects Higher Exports Post Vale

By Krystal Chia (Bloomberg) -- With a market facing a global deficit that was unforeseen at the start of the year, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue Metals Group Ltd. and rivals bring on new mines in Australia’s remote Pilbara region. The projected shortfall comes in the wake of Vale SA’s January dam … [Read more...]

ITF Blames BHP for Starving Crew in Australia

The International Transport Workers' Federation is accusing coal mining giant BHP of starving the crew of a ship at a BHP terminal in Queensland, Australia. According to a statement from the ITF, a seafarer aboard the 80,000-tonne bulk carrier Villa Deste, contacted the workers' union pleading for help, claiming the crew is being starved with little food and no onboard … [Read more...]

Dozens of Bulk Vessels Stuck Off China Ports Amid Customs Delays -Data, Sources

By Henning Gloystein and Muyu Xu SINGAPORE/BEIJING, Feb 1 (Reuters) - Dozens of ships carrying coal and iron ore to China are stuck outside ports waiting to unload, according to shipping data, with traders saying harbour authorities are taking longer than usual to clear the imports with customs officials. Refinitiv data showed on Friday that more than 300 dry-bulk freighters … [Read more...]