Freight News Archives - Maritime Shipping News

Hapag-Lloyd applies increased Africa rates

2 August 2021

Hapag-Lloyd has published updated rates for sailings with destination to Africa, which will be effective from 15 August.

Firstly, the German liner operator will implement a peak season surcharge (PSS) of US$550 for 20′ dry containers from Egypt to Benin, Congo, Ivory Coast, Ghana, Nigeria, Senegal and Mauritania of West Africa.

Additionally, a general rate increase (GRI) of US$250 for all sizes of dry boxes will be imposed from Hapag-Lloyd for cargo sailing from United Arab Emirates, Bahrain,...

https://container-news.com/hapag-lloyd-applies-increased-africa-rates/

Summit Oil signs pact with Commonwealth LNG for supply to Bangladesh

2 August 2021

Summit Oil and Shipping Co Ltd on Monday said it has signed a memorandum of understanding with Commonwealth LNG for liquefied natural gas (LNG) supply to Asia, including Bangladesh. The deal includes 1 million tonnes per year (MTPA) of LNG offtake from Commonwealth’s 8.4 MTPA facility currently...

https://www.hellenicshippingnews.com/summit-oil-signs-pact-with-commonwealth-lng-for-supply-to-bangladesh/

Iraq’s crude exports exceed 90 mln barrels in July: ministry

2 August 2021

Iraq’s Ministry of Oil said on Sunday that the country exported 90.46 million barrels of crude oil in July, bringing in revenues of about 6.51 billion U.S. dollars. The average selling price for crude oil in July was 72 dollars per barrel, according to a ministry statement, citing statistics of the...

https://www.hellenicshippingnews.com/iraqs-crude-exports-exceed-90-mln-barrels-in-july-ministry/

CMA CGM implements new surcharges in Latin America

2 August 2021

CMA CGM has announced several new peak season surcharges (PSS), which will take effect in late August and September.

Firstly, the French carrier will impose a surcharge of US$178 (€150) per TEU for dry cargoes from Colombia, Panama, Peru and the Dominican Republic to West Coast South America, which will be effective from 24 August.

On the same date, another CMA CGM PSS will be implemented from Ecuador to West Coast South America. The surcharge will be US$357 (€300) per TEU for dry cargoes.

Furtherm...

https://container-news.com/cma-cgm-implements-new-surcharges-in-latin-america/

MSC increases prices from La Spezia and Antwerp to America by US$1,000

2 August 2021

The Swiss container line, Mediterranean Shipping Company (MSC) has announced new freight rates from the ports of La Spezia and Antwerp to Long Beach, US, Vancouver, Canada and Manzanillo, Mexico.

The updated prices will be effective from 1 September, until further notice.

Port of loading	Port of discharge	Commodity	New Base Rates		Former Base Rates
			Base rate 20 DV	Base rate 40 DV-HC	Base rate 20 DV	Base rate 40 DV-HC
La Spezia	Long Beach	Freight All Kinds (FAK)	US$8...

https://container-news.com/msc-increases-prices-from-la-spezia-and-antwerp-to-america-by-us1000/

Russia ranks second by petroleum exports to US in May 2021

2 August 2021

Russia became second by total petroleum exports to the United States in May 2021, with record-breaking deliveries totaling 26.17 mln barrels, the US Energy Information Administration (EIA) reports. The previous record was set in May 2009, when Russia delivered crude oil and petroleum products to...

https://www.hellenicshippingnews.com/russia-ranks-second-by-petroleum-exports-to-us-in-may-2021/

Egypt’s GASC says seeking wheat in tender for Sept 24-Oct 4 shipment

1 August 2021

Egypt’s General Authority for Supply Commodities (GASC) tendered on Friday to buy an unspecified amount of wheat from global suppliers for shipment from Sept. 24-Oct. 4 for payment using 180-day letters of credit. GASC Vice Chairman Ahmed Youssef said the authority was seeking to buy cargoes of...

https://www.hellenicshippingnews.com/egypts-gasc-says-seeking-wheat-in-tender-for-sept-24-oct-4-shipment/

Pakistan said to buy about 220,000 tonnes wheat in tender-trade

30 July 2021

A government agency in Pakistan is believed to have bought about 220,000 tonnes of wheat in an international tender for up to 500,000 tonnes which closed this week, European traders said on Friday. The Trading Corporation of Pakistan (TCP) was believed to have bought all the wheat at an estimated...

https://www.hellenicshippingnews.com/pakistan-said-to-buy-about-220000-tonnes-wheat-in-tender-trade/

Shell agrees to buy 3 million mt/year of supply from Tellurian’s Driftwood LNG

30 July 2021

Oil major Royal Dutch Shell has agreed to buy 3 million mt/year of LNG from Tellurian’s proposed Driftwood LNG export terminal in Louisiana, the companies said in a joint statement July 29. The 10-year agreement is similar in terms to ones Tellurian signed with commodity traders Gunvor and Vitol...

https://www.hellenicshippingnews.com/shell-agrees-to-buy-3-million-mt-year-of-supply-from-tellurians-driftwood-lng/

China demand powers Fortescue shipments to record, beats annual estimate

30 July 2021

Australia’s Fortescue Metals Group Ltd on Thursday narrowly beat its full-year estimate for iron ore shipments after a record fourth quarter, as strong demand from top consumer China offset the impact of bad weather. The world’s fourth-largest iron ore miner fared better than rivals Rio Tinto and...

https://www.hellenicshippingnews.com/china-demand-powers-fortescue-shipments-to-record-beats-annual-estimate/

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