Norway’s pipeline gas exports to continental Europe and the UK remained robust in March on sustained high prices, though maintenance work — both planned and unplanned — kept a lid on output. An analysis of data from S&P Global Commodity Insights showed April 5 that Norwegian deliveries totaled 9.94...
Transpacific container spot rates between China and the US West Coast and US East Coast have been on a steady decline since peaking in early January, says a report by the digital freight forwarding platform Shifl.
Particularly, West Coast rates dropped by 52% and East Coast rates by 50% in March 2022 compared to January 2022, as inbound volumes continue to fall.
“As we predicted, we have seen a sharp decline in freight rates in the last three months due to a decrease in sales and full inventories...
https://container-news.com/decline-in-china-us-spot-freight-rates-continues/
Asian refiners cheered US President Joe Biden’s decision to release 1 million b/d of oil from the US’ strategic petroleum reserves as the release may lead to more light sweet US crude exports to the Far East, while spot crude price differentials across the globe could fall should US refineries cut...
India’s wheat exports hit 7.85 million tonnes in the fiscal year to March, an all-time high and a sharp increase from 2.1 million tonnes in the previous year, traders said, as Russia’s invasion of Ukraine cuts off rival Black Sea supplies. Earlier this month, a top government official said India...
Australia’s mining and energy export earnings are forecast to reach a record A$425 billion ($318 billion) in 2021-22, although prices of its key iron ore shipments are expected to ease, the government said on Monday. Resource export earnings are forecast to climb 33% in the 2021–22 financial year...
China is stepping up exports of aluminium to fill a widening supply gap in Western markets. The country shipped out 26,378 tonnes of primary aluminium in February, the highest monthly total since 2010. Imports collapsed over the first two months of the year, with the result that China turned a net...
https://www.hellenicshippingnews.com/china-lifts-aluminium-exports-as-western-production-slides/
Uzbekistan plans to buy up to 600,000 tonnes of grain from Kazakhstan, its main supplier, and elsewhere to boost state stockpiles and ensure domestic food security as global food prices spike, the government said in a notice on Monday. The Central Asian republic buys 90% of its grain imports from...
Indian mills have signed contracts to export 7.2 million tonnes of sugar in the 2021/22 marketing year without government subsidies, a leading trade body said on Monday. Mills have already dispatched around 5.7 million tonnes since the start of the marketing year on Oct. 1, the Indian Sugar Mills...
Hapag-Lloyd has revised its service portfolio between the Mediterranean and the United States in an effort to increase consistency and reduce transit times.
Firstly, the German shipping company has unveiled plans for a new reliable connection between the Mediterranean and the US West Coast by rail via Norfolk, which will initially be focused on dry containers and is expected to replace the existing Mediterranean Pacific service (MPS).
Additionally, Hapag-Lloyd will launch an updated Mediterranean...
https://container-news.com/hapag-lloyd-announces-changes-on-mediterranean-us-coverage/
India’s southern Andhra Pradesh has cancelled bids made for two separate tenders by India’s Adani Enterprises to supply imported coal as the prices quoted were too high, two state government officials told Reuters. It is the first time in recent years that a major government tender for imported...
https://www.hellenicshippingnews.com/indian-state-cancels-adani-bids-to-supply-imported-coal/