Cargo processed at South Korean seaports has grown at a slower-than-expected pace this year in the wake of an intensifying trade row between the United States and China, data showed Friday. Container cargo handled at South Korea’s largest port of Busan stood at 12.44 million twenty-foot equivalent...
https://www.hellenicshippingnews.com/s-korea-growth-of-seaport-cargo-slows-on-sino-u-s-trade-row/
More than 200 senior representatives from the global shipping community were present at the inauguration ceremony of the new Singapore offices of Bernhard Schulte Shipmanagement (BSM) in the Republic’s Central Business District on September 20th, 2018. To celebrate the opening of the new...
Laredo, one of the largest inland ports of the United States, is seeking a stronger trade relationship with China, an official said. The two-day annual North American Logistic & Manufacturing Symposium closed Thursday in Laredo, a city built up along the border between the United States and Mexico....
https://www.hellenicshippingnews.com/u-s-inland-port-city-seeks-better-trade-relations-with-china/
China’s construction steel rebar prices rose on Friday, finishing the week on a positive note on the back of support from the country’s plans to increase infrastructure spending. The most-active rebar on the Shanghai Futures Exchange closed up 0.1 percent at 4,149 yuan ($606.53) a tonne. For the...
Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies, has named the first of its 35 crude oil and product tankers being built in South Korea and China. Today’s naming ceremony took place at Hyundai Samho Heavy Industries’ shipyard in Jeolanam-do,...
https://www.hellenicshippingnews.com/trafigura-leases-35-crude-oil-and-product-tankers/
Singapore delivered bunker fuel demand is expected to see an uptick in September, compared with August when some shipowners opted to take their bunker fuel at other ports due to fuel quality concerns, market sources said this week. August bunker fuel sales in Singapore had dipped 9.2% year on year...
https://www.hellenicshippingnews.com/singapore-sep-bunker-demand-likely-to-rebound-from-aug-sources/
The New Contex is unchanged this week and has stabilized at 486 points which can be considered good news after the losing streak of the past Source: Vereinigung Hamburger Schiffsmakler Und Schiffsagenten e.V.
China may issue an additional 3 million to 4 million tonnes of permits for refined fuel exports for 2018 to prevent state-owned refiners from having to slash throughput rates, according to three sources briefed on the matter. The government has been looking to keep fuel export quotas at around 43...
VLCCs are seeing a nice, active market this week, facilitated by owners trying to push rates up to new highs. However, even though MEG and Source: Affinity Research LLP
https://www.hellenicshippingnews.com/affinity-tanker-weekly-21-september-2018/
Cargo tonnage on the Great Lakes-St. Lawrence Seaway was up nearly 4% January-August year compared with the year-ago period, according to St. Lawrence Seaway Management Corporation data, an indication that trade tension between the US and Canada — and other countries — is not choking off overall...