The spike before the slump? Australian coal exports to China soar in May

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...

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...

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.

North Europe includes the United Kingdom and the full range from Portugal to Finland/Estonia

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...

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...