CN freight rate analysis for Indian trades reflects easing trends, but for intra-Asia

With the exception of intra-Asia trades, average container freight rates for all key trades out of India have either softened or seen no changes this month, from the levels maintained by major carriers in June, according to new industry data collected by Container News.

On the westbound India-Europe trade, rates from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or Mundra Port] to Felixstowe/London Gateway (UK) now stand at around US$ 5,250/20-foot container and US$ 5,950/40-foot...

https://container-news.com/cn-freight-rate-analysis-for-indian-trades-reflects-easing-trends-but-for-intra-asia/

China’s mooted end to Australian coal ban will have zero market impact

Talk that China may end its unofficial ban on imports of Australian coal is unlikely to result in any significant increase in shipments to the world’s biggest coal buyer. Media reports last week suggested that Beijing is considering lifting the informal embargo, put in place in the second half of...

https://www.hellenicshippingnews.com/chinas-mooted-end-to-australian-coal-ban-will-have-zero-market-impact/

India’s June crude oil imports up on demand recovery, Russian discounts

India’s crude oil imports in June rose nearly 21% from the same month last year, helped by a steady increase in consumption, while refiners continued to bring in discounted Russian fuel to manage elevated global energy prices, government data showed on Tuesday. “It’s impossible to ignore the base...

https://www.hellenicshippingnews.com/indias-june-crude-oil-imports-up-on-demand-recovery-russian-discounts/

At least three shipments of French wheat sold for Pakistan, traders say

Traders bought at least three shipments of about 50,000 tonnes of French wheat, possibly up to seven, aimed for Pakistan which is reported to have bought an estimated 300,000 tonnes of wheat in a tender last week, European traders said on Tuesday. The Trading Corporation of Pakistan (TCP) in its...

https://www.hellenicshippingnews.com/at-least-three-shipments-of-french-wheat-sold-for-pakistan-traders-say/

The United States became the world’s largest LNG exporter in the first half of 2022

The United States became the world’s largest liquefied natural gas (LNG) exporter during the first half of 2022, according to data from CEDIGAZ. Compared with the second half of 2021, U.S. LNG exports increased by 12% in the first half of 2022, averaging 11.2 billion cubic feet per day (Bcf/d)....

https://www.hellenicshippingnews.com/the-united-states-became-the-worlds-largest-lng-exporter-in-the-first-half-of-2022/

Ukraine hopes for first grain shipment under U.N-brokered deal this week

Ukraine said on Monday it hoped a U.N.-brokered deal aimed at easing global food shortages by resuming grain exports from the Black Sea region would start being implemented this week. Senior government officials told a news conference in Kyiv that they hoped the first grain shipment under the deal...

https://www.hellenicshippingnews.com/ukraine-hopes-for-first-grain-shipment-under-u-n-brokered-deal-this-week/

Will South America’s winter demand draw LNG cargoes away from Europe?

South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Brazil in particular a big buyer due to poor rainfall reducing its hydropower output. The major regional buyers, Brazil and Argentina, strongly rely on spot...

https://www.hellenicshippingnews.com/will-south-americas-winter-demand-draw-lng-cargoes-away-from-europe/

Asia delivered Brazilian crude flows to South Korea as China demand takes backseat

Fresh demand from South Korea could keep the market sentiment for October-delivery barrels of Brazilian crudes buoyed, even as the grades’ cash differentials could face some headwinds as China-based end-users pivot toward competitive Russian crudes, trade sources told S&P Global Commodity Insights...

https://www.hellenicshippingnews.com/asia-delivered-brazilian-crude-flows-to-south-korea-as-china-demand-takes-backseat/

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