Shifting trade order casts doubt on how quickly China can ramp up purchases of US soybeans

Just over a week after the U.S. and China signed a critical “phase one” trade agreement, it’s still unclear how a key aspect will play out. China agreed to buy at least $200 billion more in U.S. goods and services relative to the 2017 level over the next two years. The projected purchases include...

https://www.hellenicshippingnews.com/shifting-trade-order-casts-doubt-on-how-quickly-china-can-ramp-up-purchases-of-us-soybeans/

Ex-China box rates dwindle in face of Lunar New Year

Ex-China box rates dwindle in face of Lunar New Year

Freight rates for exporting containers from China fluctuated mildly on many trades in the week of 13 January, as the shipment rush before Lunar New Year ends, Japan International Freight Forwarders Association (JIFFA) reports.

The Shanghai Shipping Exchange (SSE) recently announced the Shanghai Containerized Freight Index (SCFI) for the week in question declined 0.1% from the previous week to 981.19 points.

On the container trade to Europe, supply and demand were well balanced. Resulting from the...

https://container-news.com/ex-china-box-rates-dwindle-in-face-of-lunar-lew-year/

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Hapag-Lloyd revises fees in China & Hong Kong

Effective March 1, 2020 Hapag-Lloyd will implement a revised Booking Cancellation fee for export bookings from China and China/Hong Kong which are cancelled 7 calendar days or less before the ETD of the first intended vessel due to customer related issues, according to the company’s release.

  • Manual Processing Fee of Booking Cancellation (MPO): CNY300 per Bill applicable for China export shipment.
  • Booking Cancellation Fee (BCF): HK300 per Bill applicable for China/Hong Kong export shipment.

Th...

https://container-news.com/hapag-lloyd-fees-china-hong-kong/

Latest US sanctions unlikely to end Iran-China crude flows: analysts

New US sanctions aimed at shutting down illicit petroleum and petrochemical trade between Iran and China will not substantially impact China’s status as the top importer of Iranian crude, with more than 200,000 b/d of illicit flows expected to continue, analysts said. “With these new sanctions, the...

https://www.hellenicshippingnews.com/latest-us-sanctions-unlikely-to-end-iran-china-crude-flows-analysts/

Middle East raises stakes in Southeast Asia oil market as US moves in

Middle East oil producers are investing in more Southeast Asia energy projects to keep their market share as US crude exports grow in a region that is equivalent to India’s $3 trillion economy. The most immediate project to come to fruition is Malaysia’s Pengerang Refining and Petrochemical, or...

https://www.hellenicshippingnews.com/middle-east-raises-stakes-in-southeast-asia-oil-market-as-us-moves-in/

Russian gas exports helping Asia & Europe to transition to cleaner energy – Kirill Dmitriev

Russia will continue to be the biggest player on the global energy market with plans to increase natural gas deliveries to Europe and Asia, according to the head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev. “We believe gas is very ecologically friendly. It produces 45 percent less...

https://www.hellenicshippingnews.com/russian-gas-exports-helping-asia-europe-to-transition-to-cleaner-energy-kirill-dmitriev/

Russia raises Baltic crude loadings on February 1-10 amid dispute over supply contract with Minsk

Urals crude oil loadings from Primorsk and Ust-Luga for February 1-10 were revised upwards by 0.3 million tonnes to 2.0 million tonnes, a provisional schedule seen by Reuters showed on Thursday. The rise in Baltic exports is driven by an ongoing dispute over oil supply contract terms between Moscow...

https://www.hellenicshippingnews.com/russia-raises-baltic-crude-loadings-on-february-1-10-amid-dispute-over-supply-contract-with-minsk/