Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines – from chardonnays to zinfandels – out of warehouses in the city’s free trade zone before they are hit with an extra tariff that kicks in on Saturday. On both sides of the Pacific, importers and exporters are...
https://www.hellenicshippingnews.com/u-s-china-firms-scramble-as-new-tariffs-hurt-business/
India’s gross-domestic-product expansion dipped below 6% last quarter, forcing the country to surrender its title as the world’s fastest-growing large economy as citizens and companies held back on spending. The GDP of Asia’s third-largest economy climbed 5.8% in the three months through March,...
https://www.hellenicshippingnews.com/india-loses-title-as-worlds-fastest-growing-big-economy/
Official selling prices for Middle East sour crude oil headed to Asia are expected to see sharp hikes across all grades on a firmer Dubai crude structure and strong traded levels for July-loading cargoes, market participants said Friday. One trader said Saudi Aramco’s Arab Light grade OSP for July...
The Australian Premium White wheat price jumped $17.50/mt from it’s lowest point of the year on May 10 to $244.50/mt FOB Kwinana on May 30, fueled by a widespread dry spell across the wheat belt in Australia, according to S&P Global Platts data. The weather forecast for the next three months...
https://www.hellenicshippingnews.com/australian-apw-wheat-prices-rebound-as-drought-persists/
Turkey exported tomatoes worth some $163 million in the first five months of this year. During that period, Russia was the biggest market, importing approximately $62 million worth of Turkish tomatoes, produced mainly in greenhouses in the Mediterranean and Aegean regions.
As of May 27, Turkey sold tomatoes worth $163 million to 57 countries, said Hakkı Bahar, board member of the Turkish Exporters’ Assembly (TİM) and chairman of the Western Mediterranean Exporters Union (BAİB).
However, the...
https://container-news.com/russia-largest-importer-turkish-tomatoes/
Interview by Paul González-Morgan (Marine Strategy) – Antonio Alcaraz is Reverse Logistics Officer in the chemical industry and a Maritime Photographer, with a genuine passion for boats, ports and terminals. Alcaraz has a special interest in the activity done by pilots at his home port of Valencia,...
http://feedproxy.google.com/~r/Gcaptain/~3/0ugmAnbfTe4/
Brazilian mills will buy at least 5.5 million tonnes of wheat from Argentina in 2020 and 2.25 million tonnes of the grain between June and November this year, the Argentine government said after a meeting with counterparts in Brazil. The announcement comes months after Brazil spooked Argentine...
Russia’s Rosneft said on Friday it had agreed a 14-year deal, worth 59.4 billion roubles ($908 million), with pipeline operator Transneft on shipping oil to its Komsomolsky refinery in Russia’s Far East. According to the agreement, Transneft would transfer up to 8 million tonnes of oil a year to...
