Mexico switches up fuel import contracts as it clamps down on costs

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...

https://www.hellenicshippingnews.com/mexico-switches-up-fuel-import-contracts-as-it-clamps-down-on-costs/

Chinese factories see September orders slow

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 Post Double Digit Import Growth in June

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%...

https://www.hellenicshippingnews.com/chinas-top-four-oil-suppliers-post-double-digit-import-growth-in-june/

Austrian forwarder acquires Ipsen’s global outlook

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/