Links to previous press releases are below.
An attack on Saudi Arabian oil facilities has cut the Kingdom’s output by 5.7M b/d, Saudi Aramco said on its website. This is equivalent to about 5% of global oil supply as of the end of August, basis...Read More
Indonesian Minor Bulk Exports
Combined exports of Indonesian nickel ore and bauxite jumped 1.0 Mt year-on-year in July to 3.4 Mt, Bank Indonesia reports. At 22.7 Mt, combined exports in January-July were up 7.5 Mt on the corresponding period last year.
Chinese Industrial Output at 17-Year Low
Chinese industrial production slowed by 4.4% year-on-year in August, its slowest rate of growth since February 2002, the National Bureau of Statistics reports.
Chinese Steel Output in August
China’s crude steel production reached 87.3 Mt in August, a 9.3% year-on-year gain, according to the latest data from the country’s National Bureau of Statistics. At 664.9 Mt, output in the year to date rose 9.1% on the same period in 2018.
Equinor has started selling its first crude cargoes from the new Mariner and Sverdrup oilfields, Reuters reports citing statements from a senior company executive. The sweeter Sverdrup grade, with an...Read More
EU Steel Exports in July
EU steel exports climbed 0.1 Mt year-on-year in July to 1.8 Mt, according to Eurofer. Despite this, at 12.3 Mt, exports in January-July were still marginally below the corresponding period in 2018.
Daily Crude Steel Production in China
At a rate of 2.05 Mt, daily crude steel output in China during 11-20 August edged up from the 1-10 August reading, data from Umetal reveal.
2018 KOBC Maritime Conference
The inaugural conference organised by Korea Ocean Business Corporation was held in Busan on 8 November. SSY's Head of Research, John Kearsey, was among the speakers where his topic was "Dry Bulk Market Prospects in a Changing Landscape".
Metcoke World Summit 2018
John Keeshan, Senior Director of Chartering at SSY USA, was a speaker at this year's event held in Pittsburgh on 7-8 November, where his paper examined the key factors shaping the dry bulk freight market in 2018 and the outlook for the supply/demand balance in 2019.