Exporters in the United States will have a busy start to the upcoming marketing year after the record or near-record soybean and corn sales this month, though they will have to keep an eye on shipments out of Brazil, which will continue to compete with U.S. supplies well into next year. The South...
https://www.hellenicshippingnews.com/brazilian-exporters-unfazed-by-strong-u-s-corn-soy-demand/
Chinese buyers booked their single biggest-ever purchase of U.S. corn, extending their flurry of large U.S. purchases even as tensions between Washington and Beijing rise. The U.S. Agriculture Department said on Thursday that private exporters sold 1.937 million tonnes of corn to China for delivery...
https://www.hellenicshippingnews.com/u-s-sells-record-amount-of-corn-to-china-as-tensions-rise/
China could buy 12.5-13 million mt of soybeans from the US in the fourth quarter of 2020 as South American supplies run dry, Archer Daniel Midland CEO Juan Luciano said July 30. In the company’s second-quarter 2020 earnings call, Luciano said China is “taking all the actions that reflect their...
Pemex’s trading arm is overhauling its fuel importing practices, five sources close to the matter said, which includes shifting to swapping crude oil with major partners in exchange for gasoline and other fuels to save cash. The changes are the latest by President Andres Manuel Lopez Obrador’s...
Germany imported 8.7% more natural gas in the first five months of 2020 than in the year earlier period but paid almost a third less for the supply, taking advantage of lower prices, official data showed on Thursday. Gas, power and carbon traders follow gas imports because the supply and demand...
#kt-adv-heading_be7f5f-33, #kt-adv-heading_be7f5f-33 .wp-block-kadence-advancedheading {font-size:21px;line-height:52px;font-weight:400;font-family:Amiko;}
To read the article, click here.
https://www.freightwaves.com/news/daily-infographic-commercial-aircraft-emissions-standards
In a revision of its US East Coast to South America service German carrier Hapag-Lloyd will add a vessel, Northern Majestic, to the service rotation, while market conditions require the line to revise its import detention tariffs for all inbound cargo to Italy.
More to follow.
The post HL revises...
https://container-news.com/hl-revises-italian-detention-charges-and-adds-ship-to-s-america-service/
Surveys conducted by US based freight forwarders are showing that factories in China could be experiencing a slow in orders that will hit the maritime container industry in September.
According to consultant Jon Monroe, in order to get an accurate understanding of the near future demand factory orders can offer an early warning as these orders are made up to 60 days before cargo is loaded onto vessels.
Monroe said that he had seen a number of surveys conducted by forwarders in China, and “At...
https://container-news.com/chinese-factories-see-september-orders-slow/
China’s top four oil suppliers all posted double digit growth in June, as the country capitalized on a global price war among the world’s top producers by importing a record amount of crude. Saudi Arabia remained China’s largest supplier, providing 8.88 million tons of oil last month, up 15.06%...
Fresh from the launch of its new home delivery service, Gebrüder Weiss has announced the acquisition of German maritime and air freight forwarder Ipsen Logistics for an undisclosed sum.
The deal remains subject to regulatory approvals, but should those approvals be given Gebrüder Weiss will have a far more comprehensive coverage following the acquisition. The Austrian company will national offices in Belgium, Poland, and Malaysia, to its extensive range in Europe, Asia, America, and Oceania.
Signe...
https://container-news.com/austrian-forwarder-acquires-ipsens-global-outlook/