Surge In Chinese Exports Lead To Improved Asian MR Outlook

Credits: Export Org UK

China’s appetite for crude oil has been the major driver for global demand this year, outstripping volumes in 2022, with an average monthly year-on-year increase of 24%. Domestic crude demand has risen, but we expect to see an increase in clean product exports to the Asia Pacific region and potentially further afield as well.

Jet Fuel Demand

China’s growing demand for Jet fuel has been almost insatiable with refineries optimizing to produce middle distillates. However, this...

https://mfame.guru/surge-in-chinese-exports-lead-to-improved-asian-mr-outlook/

Transatlantic Rates Maintain Status Quo Amidst Tumbling Chinese Export Rates

Credit: frank mckenna/ unsplash

Navigating the container spot rate market has become a minefield for shipper procurement managers under pressure from bosses to get the best deal in the market.

Asia-Europe Trade Lane

On the Asia-North Europe trade lane, the published spot indices all agree rates are falling by double-digit values week on week, but there is a considerable difference in the readings. For example, Drewry’s WCI North Europe component fell 14% this week, to $1,686 per 40ft. 

Meanwhile...

https://mfame.guru/transatlantic-rates-maintain-status-quo-amidst-tumbling-chinese-export-rates/

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