Major freight indexes hit new record-highs on the last day of the year

Two major freight indexes, SCFI and NCFI, reached record-high figures on the last day of the previous year, which was marked by skyrocketing container freight rates.

The Shanghai Containerized Freight Index (SCFI) has surpassed the US$5,000/TEU mark for the first time in history on 31 December of 2021.

The index, which reflects the ocean freight surcharges of individual shipping routes from Shanghai, launched in October 2009 and on the last day of 2021 reported a record-high US$5,046.66/TEU.

SCFI’s...

https://container-news.com/major-freight-indexes-hit-new-record-highs-on-the-last-day-of-the-year/

Indonesia bans coal exports in January on domestic supply worries- media

Indonesia has banned coal exports in January due to concerns over low supplies for domestic power plants, local media reported on Saturday, citing a letter sent by the energy ministry. The Southeast Asian country is the world’s biggest exporter of thermal coal, exporting around 400 million tonnes...

https://www.hellenicshippingnews.com/indonesia-bans-coal-exports-in-january-on-domestic-supply-worries-media/

Asian corn demand to be resilient amid costly alternatives, China imports

Asian feed buyers are facing higher feed corn input costs as the year draws to a close, but demand for 2022 is likely to stay positive as the room for alternatives has shrunk and demand from China remains solid. As the world enters its third year of living with the COVID-19 pandemic, Asian corn...

https://www.hellenicshippingnews.com/asian-corn-demand-to-be-resilient-amid-costly-alternatives-china-imports/

Iraq’s average oil export rate for January will be 3.3 million bpd: minister

Iraq’s average oil export rate for January will be 3.3 million barrels per day (bpd) and the country will commit to the Organization of Petroleum Exporting Countries’ gradual increase of 400,000 bpd each month, its oil minister, Ihsan Abdul Jabbar, told reporters on Thursday. Source: Arab News

The...

https://www.hellenicshippingnews.com/iraqs-average-oil-export-rate-for-january-will-be-3-3-million-bpd-minister/

China issues first batch of oil product import quotas at 12.65 mil mt for 2022

China’s Ministry of Commerce has issued 12.65 million mt of oil product import quotas in the first batch for 2022, sources with knowledge about the matter said on Dec. 30. The allocation covers gasoline, gasoil, VGO, naphtha, aviation gasoline and jet fuel to 10 state-owned oil companies and...

https://www.hellenicshippingnews.com/china-issues-first-batch-of-oil-product-import-quotas-at-12-65-mil-mt-for-2022/

Chinese Ports’ container volumes rise 7.6% up to November

The container throughput of Chinese ports for the period between January and November of 2021 stood at 259.7 million TEU, which translates to an increase of 7.6%, compared to the same period of the previous year.

Regarding the cargo volume of Chinese ports, it was 14,207.6 million tons, elevated by 7.2% year on year, according to the Ministry of Transport of the People’s Republic of China.

The chart below shows the container and cargo throughput data of the eight major ports in China, for the...

https://container-news.com/chinese-ports-container-volumes-rise-7-6-up-to-november/

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