Australia’s coal exporters are bracing for a slump in shipments to China, making it somewhat ironic that May is likely to be the strongest month in nearly two years for Chinese imports from Down Under. Traders are expecting that China’s coal imports may fall in coming months amid moves by Beijing...
Freight News
UAE’s ADNOC to cut July crude nominations after OPEC+ pact -source
State-run Abu Dhabi National Oil Company (ADNOC) has informed its customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last month to reduce oil supplies, a source familiar with the matter told Reuters. Nominations for all crude grades – Murban, Upper Zakum, Das...
Malaysia’s LNG exports in May set to drop to lowest since mid-2018 -data
Malaysia’s exports of liquefied natural gas (LNG) are set to drop to their lowest since mid-2018 as producers globally are pressured to cut production amid record low spot prices of the super-chilled fuel, trade and shipping sources said. Lockdowns to slow the coronavirus pandemic are pummelling...
India’s GSPC seeks 7 LNG cargoes for 2020-2021 delivery
India’s Gujarat State Petroleum Corp (GSPC) is seeking seven liquefied natural gas (LNG) cargoes for delivery over December 2020 to June 2021, three industry sources said. The tender closes on May 28, with offers to be valid until May 29. Source: Reuters (Reporting by Ekaterina Kravtsova; editing...
https://www.hellenicshippingnews.com/indias-gspc-seeks-7-lng-cargoes-for-2020-2021-delivery/
Fresh rates updates come from top shipping lines
French liner company CMA CGM Group has announced new freight of all kinds (FAK) rates from Asia, effective from 15 June and until further notice but not beyond 30 June.
At the same time, the 3rd largest shipping company will cancel as from 15 June the reefer empty equipment imbalance surcharge applicable to reefer cargo from Le Havre and Montoir in France to Asia and the emergency space surcharge from...
https://container-news.com/fresh-rates-updates-come-from-top-shipping-lines/
Japan buys 112,109 tonnes of food wheat via tender
Japan’s Ministry of Agriculture bought 112,109 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender. Japan, the world’s sixth-largest wheat importer, keeps a tight grip on imports of the country’s second-most important staple after rice and buys the majority...
https://www.hellenicshippingnews.com/japan-buys-112109-tonnes-of-food-wheat-via-tender/
Russian gas flows to Europe via Poland halt again: operator
Russian natural gas transit via the Yamal-Europe pipeline, which crosses Poland, has been halted again because no capacity for Thursday was booked, Poland’s gas system operator said. Gaz-System has been selling pipeline capacity in auctions since a gas transit deal between Russia and Poland expired...
https://www.hellenicshippingnews.com/russian-gas-flows-to-europe-via-poland-halt-again-operator/
China facing methanol dilemma as imports surge, storage tanks pivot to oil
The unprecedented demand for clean oil products storage spurred by global coronavirus lockdowns has diverted storage from methanol at a time when Middle East and Asian methanol producers are running at high rates, resulting in methanol arrivals moving close to exceeding available tank space for the...
Major lines continue to update schedules and surcharges
Hapag-Lloyd has published an additional void sailing due to the low demand caused by the Covid-19 downturn, with THE Alliance’s transatlantic AL1 cancelling the following service:
Westbound Voyage
YM Essence 062W
Rotterdam ETS 28 May 2020
Hamburg ETS 1 June 2020
Antwerp ETS 4 June 2020
London ETS 5 June 2020
Eastbound Voyage
YM Essence 062E
Norfolk ETS 16 June 2020
THE Alliance offers the following alternative routes:
to/ from New York: AL2 and ATA service
to/ from Halifax: ATA service
Due to market...
https://container-news.com/major-lines-continue-to-update-schedules-and-surcharges/
History Repeats As Brazil Delivers Another Iron Ore Boom
Brazil’s worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% to almost $100 a ton. There could be more to come with some analysts forecasting a return to last year’s...
https://www.hellenicshippingnews.com/history-repeats-as-brazil-delivers-another-iron-ore-boom/