Australia has good many reasons to diversify its iron ore exports, which totaled 600 million tons in 2020, as China’s iron ore imports are likely to be halved by 2030 as the scrap steel recycling industry in China expands rapidly, said a top executive of a German scrap steel recycling company. A...
https://www.hellenicshippingnews.com/australia-needs-to-find-new-iron-ore-export-markets/
Major shipping lines have announced increased charges to Europe, which are expected to take effect in July.
Hapag-Lloyd will apply new ocean tariff rates for all cargoes for 20’ and 40’ general purpose, including high cube containers, effective from 1 July, from the Indian Subcontinent, the Middle East and Pakistan to North Europe and the Mediterranean.
In addition, Mediterranean Shipping Company (MSC) has published the following new Freight All Kinds (FAK) rates from 1 July until further notice...
https://container-news.com/msc-and-hapag-lloyd-push-up-rates-to-europe/
As Indonesia prepares to ramp up domestic copper smelting, processors elsewhere must look for alternative sources of concentrate, which might cost more, consultancy firm CRU group said on Tuesday. Indonesia is one of the world’s top exporters of copper concentrate, or partially processed copper ore, with shipments estimated by CRU at some 1.3 million tonnes …
The post Global copper buyers must look elsewhere for concentrate as Indonesia cuts exports – CRU first appeared on Hellenic Shipping News...
Indonesian coal exports are expected to fall 10% from current levels, Manjot Singh, a senior consultant at commodities consultancy group CRU said on Tuesday, as its biggest customer China ramps up its decarbonisation efforts. Shipments from the world’s biggest thermal coal exporter are expected to...
Oman LNG has signed an agreement with Shell to deliver the sultanate’s first carbon-neutral LNG cargo, the company announced in a series of Tweets June 8. The shipment will be made from Oman LNG’s export facility in Qalhat, Sur. “The cargo is the first carbon-neutral LNG from the Middle East using...
Soaring demand for commodities and record iron ore prices have driven a surge in the value of Australian exports to China in the first five months of the year, despite tariffs and bans on billions of dollars worth of goods. More broadly, data released on Monday also showed that China’s appetite for...
https://www.hellenicshippingnews.com/iron-ore-export-bonanza-defies-china-tensions/
Ecuador’s state oil company Petroecuador said on Monday that it had awarded a tender to purchase some 2.16 million barrels of Oriente grade crude to PetroChina, part of which will be exported via a new pipeline connection to the Punta Gorda port. In a statement, Petroecuador said PetroChina will...
Argentine grains exports were bogged down on Tuesday by a seven-hour strike by customs officers pressing for access to COVID-19 vaccines, the latest in a series of work stoppages tied to the slowly unfolding inoculation program. Vaccine distribution has been delayed by supply problems in Argentina,...
Indonesia exported 5,359.7 tonnes of refined tin in May, data from the country’s trade ministry showed on Tuesday, up 36% from the same month last year. On monthly basis, the shipments fell nearly 24%. Source: Reuters (Reporting by Bernadette Christina Munthe; Writing by Fransiska Nangoy, editing...
https://www.hellenicshippingnews.com/indonesias-may-refined-tin-exports-up-36-y-y/
The UK has exported natural gas to Continental Europe for the first time this summer season, S&P Global Platts Analytics data showed June 7. Following an intraday ramp up of the Balgzand-Bacton Link Pipeline on June 4, gas flow towards the Netherlands has sustained. The transit was nominated to...
https://www.hellenicshippingnews.com/uk-sends-gas-to-continent-for-first-time-this-summer/