Caught smack in the middle of the U.S.-China trade war, America’s soybean farmers are taking a huge gamble. Rather than selling the crop right away as they pull it out of the ground — as they do almost every harvest season to pay the bills — they are instead stashing it in silos, containers, bins,...
https://www.hellenicshippingnews.com/frozen-out-of-china-american-farmers-refuse-to-sell-their-soy/
In light of current high vessel utilizations, Hapag-Lloyd announces increased Ocean Tariff rates for all non-hazardous cargoes in 20’ and 40’ General Purpose (incl. High Cube Containers) on the eastbound trade from Mediterranean to Middle East & Indian Subcontinent.
Valid for sailings commencing on December 1, 2018 onwards and until further notice, Hapag-Lloyd’s Mediterranean Ocean tariff rates to Middle East & Indian Subcontinent will be as noted in below tables:
(*) Ocean tariff rates changes...
http://container-news.com/hapag-lloyd-announces-new-prices-2/
France’s Total sold 500,000 barrels of Abu Dhabi’s Murban crude oil for loading in January to Royal Dutch Shell after a sharp price cut, three trade sources said. The French producer sold the cargo at $2 a barrel above Platts Dubai quotes during the price reporting agency’s Market on Close (MOC)...
India’s coal imports rose 7.9 percent year-on-year to 134.46 million tonnes in the first seven months of the ongoing financial year, according to mjunction services. The country imported 124.57 million tonnes of coal in corresponding period of the previous financial year. There was, however, a 6.8...
https://www.hellenicshippingnews.com/indias-coal-imports-rise-8-between-april-and-october/
Abu Dhabi National Oil Co. will supply the first cargo into Bahrain’s new floating LNG import and re-gasification terminal in February or March, the country’s oil minister said Monday. “The commissioning cargo for Bahrain LNG [will] come from ADNOC. [They] offered the best price for Bahrain’s...
In a continued effort to provide its customers with reliable and efficient service, CMA CGM informs its customers of the following General Rate Restoration:
Effective December 1st, 2018 (B/L date):
From Asia including China, South Korea, Taiwan, Southeast Asia and Bangladesh
To Mogadishu, Somalia
Quant...
Tenders for January-loading cargoes were expected this week from Vietnam for the Asian sweet crude oil market, Oceania loading programs for January were finalized and traders watched for the impact of US waivers on Iranian crude barrels, market sources said Monday. The previous week had seen muted...
China’s state-owned CNOOC received an LNG cargo from the US into its Ningbo terminal Sunday, the first such delivery since China imposed a 10% retaliatory tariff on US LNG imports effective September 24, according to S&P Global Platts Analytics. The delivery comes amid weaker-than-expected demand...
Maersk Line is announcing an increase in FAK rates (Freight All Kinds). Below are the FAK rates for a sample list of corridors, commodities and container types where the rate increase is effective.
| Shanghai | Apapa | FAK | 2975 | 5250 | 5250 | 01-12-18 | Until further notice, but not beyond 16-12-18 |
| Shanghai | Luanda | FAK | 2975 | 5450 | 5450 | 01-12-18 | Until further notice, but not beyond 16-12-18 |
http://container-news.com/maersk-increase-rates-asia-west-africa/
A liquefied natural gas (LNG) cargo from the United States has arrived in China, the first such cargo since Beijing imposed a tariff on U.S. imports, shipping data from Refinitiv Eikon showed on Monday. China, the second-biggest importer of LNG globally after Japan, announced in September a 10...