Hapag-Lloyd has announced increased Ocean Tariff rates from Mediterranean and Black Sea to East Asia, effective from 1 May 2020.
Mediterranean to East Asia
In addition, Maersk has announced it is extending the Peak Seasonal Surcharge (PSS) for all dry cargo from Ukraine to Asia effective from 1 May 2020 to 15 May 2020.
Ukraine | Asia | All Dry | USD 150 |
Moreover, considering the...
https://container-news.com/top-shipping-lines-increases-asia-charges/
German energy company EnBW is seeking four cargoes of liquefied natural gas (LNG) for delivery in the third quarter of this year, two industry sources said on Wednesday. The cargoes are sought for delivery in northwest Europe, one of them said. The tender closes on April 17, another source said....
https://www.hellenicshippingnews.com/germanys-enbw-seeks-four-lng-cargoes-in-tender-sources/
Over the coming three weeks the trajectory of the Covid-19 virus will become more apparent and the issues around the supply chain will become clearer according to forwarding sources in the US.
Trading over the next three weeks will be tough with 150 retailer closed, with no indication of when they will reopen, and that means a severe decline in demand will necessarily follow, if it is not already occurring.
“According to Neil Saunders MD at Global Retail Data, 190,000 stores representing 50% of...
https://container-news.com/us-markets-enter-critical-phase-of-lockdown/
An overhang of unsold May Al-Shaheen crude cargoes from last month’s trading cycle is likely to weigh on the ongoing crude tender for the medium-heavy crude grade, market participants told S&P Global Platts Wednesday. “There are a lot of unsold Al-Shaheen [cargoes] from May,” a source at an Asian...
China has found itself in the rare position of being an active buyer of steel in the spot market since mid-March as the nation emerges from the worst of its coronavirus outbreak – just as the major buyers of its steel exports grapple with what has evolved into a global pandemic. In its cautious...
Asia is slated to receive rare shipments of US West Coast-origin naphtha, with at least two Medium Range tankers chartered for April-loading cargoes, trade sources told S&P Global Platts this week. “Naphtha very rarely exports from the USWC,” said a Singapore-based naphtha trader. US gasoline...
CMA CGM chairman and CEO Rodolphe Saadé has warned that major changes to global supply chains are on the way as a result of the Covid-19 crisis.
In a video message to the group’s customers and partners, he said that consumption and working habits would inevitably be changed by the crisis.
The needs of both customers and partners would no doubt change significantly in accordance with their field of activity and...
https://container-news.com/more-resilience-needed-in-supply-chain-says-saade/
Washington could still slap tariffs on oil imports to the United States if global crude producers fail to keep their pledges made over the weekend to reduce output, the top U.S. energy diplomat said. “In terms of the tariffs, it continues to be something that’s on the table,” Frank Fannon, the U.S....
China said Tuesday it bought twice as many U.S. farm products in the first quarter than a year ago, in a sign the countries are following through with part of the phase one trade agreement despite the coronavirus pandemic. The Asian giant imported 35.56 billion yuan ($5.08 billion) worth of U.S....
https://www.hellenicshippingnews.com/china-buys-more-us-farm-products-amid-plunge-in-trade/
Ukraine, one of world’s top grain exporters, is ready to ban wheat exports if sales exceed limits agreed with traders, the deputy economy minister in charge of agriculture told Reuters. Any further restrictions of Ukraine’s grain exports could speed up trade from Black Sea producers Russia and...
https://www.hellenicshippingnews.com/ukraine-ready-to-ban-wheat-exports-if-necessary-official/