Carriers Are Facing The ‘Quiet Before The Storm’ For Contract Rates

Credits: Guillaume Bolduc/Unsplash

A year ago, shippers were desperate to agree annual contract deals with ocean carriers  to secure their supply chains, and were prepared to do, and pay, ‘whatever it took’. And carriers were holding ‘beauty contests’ to determine the most attractive large-volume BCOs to be included in their exclusive customer portfolios, reports The Loadstar.

180-degree turn – world economies

But 12 months on, the container liner shipping market has seen an 180-degree turn –...

https://mfame.guru/carriers-are-facing-the-quiet-before-the-storm-for-contract-rates/

EU Gas Price Cap Could Tighten LNG Supplies Into Europe

Credit: Benjamin Massello/Unsplash
  • EU price cap maintains incentive for LNG flow into Europe for now
  • 14% front-month TTF vs JKM, NWE pricing days in 2022 within scope
  • EU price cap might shift focus from exchange to OTC trade

The EU’s Eur180/MWh gas price cap would not impact Asian LNG trade flow in the near term but could tighten supplies to Europe in 2023 as some Asian suppliers might opt to sell to other markets, market sources told S&P Global Commodity Insights Dec. 20, reports SP Global.

Corr...

https://mfame.guru/eu-gas-price-cap-could-tighten-lng-supplies-into-europe/

Keppel Offshore and Marine concludes Brazilian corruption case with $65m fine

Keppel Offshore and Marine (KOM) has finally fully resolved the case related to corrupt payments made by its agent to officials of Brazilian state-run oil company Petrobras and Brazilian politicians between 2001 and 2014. In 2017, the company reached a global resolution with authorities in the US,...

https://splash247.com/keppel-offshore-and-marine-concludes-brazilian-corruption-case-with-65m-fine/

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