Links to previous press releases are below.
OPEC, Russia, Officially Discussing Raising Output
Top officials of OPEC/non-OPEC coalition countries have officially begun discussions about easing production cuts by about 1M b/d, newswires report. This is partly attributed to a recent complaint made...
Read MoreWorld Steel Production in April
At 148.3 Mt, world crude steel production in April was almost unchanged from March and up by 4.1% year-on-year, according to the World Steel Association. Overall output in January-April was up by 4.0%...
Read MoreRussia’s Energy Minister Supports Relaxation of Supply Curbs
The Russian Energy Minister, Alexander Novak, supports a potential relaxation of the current production ceiling under the OPEC/non-OPEC supply curbs if the market remains tight until the upcoming late-June...
Read MoreUS Weekly Grain Shipments Increase
US exports of corn, wheat and soyabeans combined climbed to a four-week high of 2.74 Mt in the week-ending 17 May, up by 0.18 Mt week-on-week and 0.61 Mt above the year-ago level, the US Department...
Read MoreColombian Coal Output Falls
Colombian coal production fell by 11.7% year-on-year in the 1q18 to 19.6 Mt, according to official data reported by Reuters. At 21.3 Mt, coal exports over the same period were down by 3.1% on the year-ago level, according to previously reported data from IHS.
US Steel Imports Rise
US steel imports rose to a ten-month high of 3.4 Mt in April, up by 0.4 Mt year-on-year, the US Census Bureau reports. Imports from Mexico, South Korea and Brazil increased however, shipments from Japan...
Read MoreUS Weekly Crude Exports Ease Back from Record Highs
US weekly crude exports dropped to 1.75M b/d during the week ending 18 May from an all-time high of 2.57M b/d reached the week before, still over 1.12M b/d higher y-o-y, according to the US Energy Information...
Read MoreChinese Government Moves to Combat Steam Coal Price Rises
In response to rising steam coal prices, the National Development and reform Commission has ordered utilities to halt purchasing and/or reduce stockpiles in the next 2-3 weeks, according to IHS.
TXF Natural Resources and Commodity Finance
Speaking at this year's event, held in Amsterdam on 17-18 May 2018, Simpson Spence Young's Head of Research John Kearsey contrasted the uneven recovery in dry bulk freight markets with the continued downswing in the tanker sector.
Profercy World PKS Forum
Robin Thomas, Business Manager for SSY's Dry Cargo Division, was among the speakers at the conference held in Abu Dhabi on 8-10 May 2018. His paper highlighted the importance of movements in bunker...
Read MoreArgus Marpol Strategy Summit
Held in Houston on 23-25 April 2018, this event included a presentation by SSY's Vivek Srivastava on "The Scrubber Decision For A VLCC - To Fit or Not To Fit?"
Bidsted & Co acquired by Simpson Spence Young
Press Release
London: Thursday December 14th, 2017: Simpson Spence Young, the world’s largest...
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