EXPORTS

Crunch time for international shipping – keeping containers in the supply chain

International shipping lines play a crucial role in bringing essential goods to Australia and supporting Australia’s economy by taking our export to global markets.  These services are even more important during the current COVID-19 crisis. 

Like many other organisations in the supply chain, shipping companies in all sectors are experiencing cost pressures as overall global trade is in decline. 

In the container shipping sector, there is a clearly a reduction in forward import orders towards the...

https://shippingaustralia.com.au/international-shipping-vital-during-covid-19-and-more-important-than-ever-that-the-containers-are-unpacked-and-returned-so-that-they-remain-in-the-supply-chain/

Port of LA marks its lowest monthly cargo volume due to COVID-19

Following the COVID-19 situation, Port of Los Angeles marked a decline in its cargo volumes during March. In fact, the US busiest port managed to move 449.568 Twenty-Foot Equivalent Units (TEUs), meaning a drop by 30.9% in comparison to the same period last year.

Specifically, during the first quarter of 2020, cargo volumes noted a decrease by 18.5% compared to 2019. For the records, this was the lowest monthly cargo moving ever recorded for the port since February 2009.

We’ve had two serious...

https://safety4sea.com/port-of-la-marks-its-lowest-monthly-cargo-volume-due-to-covid-19/

Port of Long Beach experiences COVID-19 impacts

Following the COVID-19 situation, Port of Long Beach keeps experiencing the coronavirus impacts, marking several canceled sailings and a decline in cargo containers shipments during March. For the records, last month, the US second busiest port saw a 9.8% drop in cargo volumes.

With Port of Long Beach struggling to remain operational, terminal operators and dockworkers managed to move 517.663 twenty-foot equivalent units (TEUs) last month, a 6.4% decline in comparison to March 2019.

At the same...

https://safety4sea.com/port-of-long-beach-experiences-covid-19-impacts/

Port of Cork continues its freight operations amid COVID-19

Despite the several disruptions that COVID-19 has brought upon the shipping industry, Ireland’s second largest port, Port of Cork continues its trade operations. In fact, port authorities confirmed that freight operations and arrivals still remain unaffected.

In light of the situation, Port of Cork has set hygiene standards and taken safety measures to ensure employees and visitors’ safety.

The Port of Cork’s logistics capabilities have been thoroughly stress-tested, and we are well positioned to...

https://safety4sea.com/port-of-cork-continues-its-freight-operations-amid-covid-19/

Chinese ports to recover after the COVID-19 outbreak

Following the ongoing COVID-19 outbreak, Chinese ports managed to slightly recover, as severe traffic congestion is easing, Reuters reported.

In light of the situation, about a month ago refrigerated containers were being diverted and relocated due to the shortage of reefer plugs at several Chinese ports.

Specifically, due to the port congestion, refrigerated containers carrying meat, seafood, fruit and other fresh and frozen products from around the global to China, had been stuck for weeks at...

https://safety4sea.com/chinese-ports-to-recover-after-the-covid-19-outbreak/

EIA: US natural gas production will continue growing

The Energy Information Administration recently issued its Annual Energy Outlook 2020 (AEO2020) highlighting that the total US dry gas production will continue growing until 2050, giving a boost to the US exports of natural gas to the shipping market globally.

In fact, EIA estimates that the net natural gas exports will keep increasing through 2050 while most of the increase will be marked in the near term.

Credit: EIA

The United States began exporting more natural gas than it imports on an annual...

https://safety4sea.com/eia-us-natural-gas-production-will-continue-growing/

Coronavirus impacts trade market

Following the coronavirus outbreak, with several shipping companies skipping Chinese ports and many Chinese factories shutdown, trade market is passing a period of disruption. According to Bloomberg, physical supply chains are affected due to the above-mentioned situation.

The coronavirus has a negative impact upon exports coming from China to the U.S. and Europe. In fact, handbags, TVs and plastic toys exports have been escalated during February.

With the Chinese market playing a major role in...

https://safety4sea.com/coronavirus-impacts-trade-market/

LNG exports from US increased over the week

Data from the Energy Information Administration (EIA) recently showed that exports of liquefied natural gas coming from the United States’ facilities ,marked an increase over the week ending January 29.

According to shipping information by Bloomberg, among January 23 and January 29, a total amount of 21 tankers with a combined LNG-handling capacity of 75 Bcf, departed from the United States.

Last week’s data showed that 15 liquefied natural gas carriers with a combined LNG-carrying capacity of 54...

https://safety4sea.com/lng-exports-from-us-increased-over-the-week/

U.S. weekly LNG exports increase

The Energy Information Administration (EIA) informs that U.S. liquefied natural gas (LNG) exports increased week over week for the week ending Wednesday, January 22.

Specifically, according to data from IHS Markit, the average total supply of natural gas rose by 1% compared with the previous report week, whereas dry natural gas production decreased by 1% compared with the previous report week.

GET THE SAFETY4SEA IN YOUR INBOX!

Name:

What is more, 15 LNG vessels (7 from Sabine Pass, 2 from Corpus...

https://safety4sea.com/u-s-weekly-lng-exports-increase/

South Korea’s export posts double-digit fall

South Korea’s export posted a double-digit fall for the first time in 10 years in 2019 owing to external uncertainties such as the global trade spat, cheaper crude oil and the downturn of business cycle in the global semiconductor industry, a government report showed Wednesday.

Export, which accounts for about half of the export-driven economy, amounted to 542.41 billion U.S. dollars in 2019, down 10.3 percent from the previous year, according to the Ministry of Trade, Industry and Energy.

Read...

https://container-news.com/south-korea-export-posts-double-digit-fall/

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.