FIS API Blog
The Indian government has removed export duties on steel products and iron ore imposed in late-May effective from Saturday, the country’s Ministry of Finance said in a notification. The government said the amendments have been made “on being satisfied that it is necessary in the public interest to do so”. Export duties on nine steel …
Continue reading “India Withdraws Export Duties On steel, Iron ore 21/11/22”
An overview of the Freight and FFA market; with a rollercoaster of news in China, we hear how that affects Iron Ore and finally end with some colour in the fuel oil market. Click Below to Listen: Website – https://freightinvestorservices.com/fis-podcast/ Spotify – https://open.spotify.com/episode/0IMck3PzVAXmZ1440ril2O?si=iyr5dub7QKODMA3NCRH87g Itunes – https://podcasts.apple.com/gb/podcast/episode-110-16-11-22/id1507094242?i=1000586474323
We cover one of the fastest growing ‘next generation’ fuels with multiple uses, including electricity generation, vessel fuel, and fertilizer: our latest product addition, Ammonia. We also put a little sprinkle of oil as we look at the oil & products market and get a freight market overview. Click Below to Listen: …
Global steel demand will fall by 2.3pc this year to 1.79 bn t, industry association Worldsteel said today, revising down its April guidance of 0.4pc demand growth. High interest rates and persistently high inflation led to the revision, along with monetary tightening and market softening in China. “The expectation of a continued and …
Continue reading “Global Steel Demand To Drop 2.3% This Year According To Worldsteel 20/10/22”
A special edition episode as we wish the podcast founder, Chris Hudson a farewell. We interview Chris and his old friends on the world of FFAs, fuel oil, and steel. Click Below to Listen: Website – https://freightinvestorservices.com/fis-podcast/ Spotify – https://open.spotify.com/episode/75wSEWHTqcFsQngJ4KcTp7?si=2JDyZavnQFSECcVDLBGYgQ Itunes – https://podcasts.apple.com/gb/podcast/episode-108-19-10-22/id1507094242?i=1000583186375
Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output. It produced 72.1mn t of iron ore during July-September, up by 2.2pc on a year earlier, reflecting a firm supply chain performance and reduced Covid-19 related impact, which was partially …
Continue reading “BHP Maintains 2022-23 Iron Ore Production Guidance 19/10/22”
UK-Australian mining firm Rio Tinto expects to come in at the bottom of its 320mn-335mn t guidance for 2022, after shipping 82.92mn t on a 100pc basis from its Western Australian (WA) operations during July-September. The firm has a target of 85.71mn t for October-December to hit the bottom of its 2022 guidance, …
Continue reading “Rio Tinto Aims For Bottom Of 2022 Iron Ore Target 18/10/22”
In this week’s episode, we speak with the Head of the Shipbroking team and Director of Singapore Office Kim Klarmann about his thoughts on the physical freight market. We also spotlight the FFA market, geopolitical events, and market movements of our major freight and commodity markets. Click Below to Listen: Website – …
US offshore operators shut 9pc of Gulf of Mexico oil production, a slight decrease from yesterday’s 11pc, as Hurricane Ian came ashore on Florida’s west coast as a category 4 storm. About 157,700 b/d of offshore oil output was off line as of 12:30pm ET, according to the Bureau of Safety and Environmental Enforcement …
Continue reading “Hurricane Ian Shuts In 9% Of US Gulf Oil Output 29/09/22”
Germany and the UAE on Sunday signed an “energy security and industry accelerator” agreement which includes LNG and diesel supply deals. The agreement also underlines an intent to collaborate on decarbonisation and climate action, according to UAE state news agency WAM. Under the agreement, Abu Dhabi’s state-owned Adnoc will reserve a number of …
Continue reading “Germany Inks Energy Security Agreement With UAE 26/09/22”
