A jump in prices for Brazilian soybeans is putting off buyers in China, two traders said, even as the rise was driven by expected demand from the world’s No.2 economy as its trade war with Washington intensifies. Prices for Brazilian soybeans have climbed to $400 a tonne, including cost and freight...
CMA CGM announces the updated Peak Season Surcharge (PSS) applicable as follows from worldwide origins to Onne, Nigeria:
Effective August 15th, 2019 (date of loading in the origin ports) until further notice (except US origins: September 10th, 2019):
NB – PSS to other Nigerian ports remains unchanged
The post CMA CGM announces updated PSS in Nigeria...
https://container-news.com/cma-cgm-announces-updated-pss-nigeria/
Japan’s Tohoku Electric Power is seeking a liquefied natural gas (LNG) cargo for delivery over late August to September, two industry sources said. The tender closed on Aug. 7 but it was not immediately clear if the tender had been awarded, the sources added. Source: Reuters (Reporting by Jessica...
https://www.hellenicshippingnews.com/japans-tohoku-electric-seeks-lng-cargo-for-aug-sept/
China’s imports of iron ore, crude, coal, copper and soybeans all rose in July from a month earlier, according to data released on Friday by China’s General Administration of Customs. KEY POINTS: * Copper: China imported 420,000 tonnes, versus 326,000 tonnes in June * Crude oil: China imported...
https://www.hellenicshippingnews.com/chinas-july-commodity-imports-rebound-from-previous-month/
Saudi Arabia plans to keep oil exports below 7 million barrels a day next month as OPEC’s biggest producer allocates less crude than customers demand in a bid to stabilize the market, according to the kingdom’s officials. State-run Saudi Arabian Oil Co., known as Aramco, will cut customer...
https://www.hellenicshippingnews.com/saudis-to-limit-oil-exports-in-september-to-stabilize-market/
In light of current market conditions, Hapag-Lloyd announces increased Ocean Tariff rates for all cargoes in 20’ and 40’ General Purpose (incl. High Cube Container) on the Trade from Indian Subcontinent and Pakistan to West Mediterranean.
Effective for all containers with status “gate in full” as of August 22, 2019 onwards and until further notice, Hapag-Lloyd’s Ocean Tariff rate from Indian Subcontinent to West Mediterranean will be as follows:
The post Hapag-Lloyd increases rates from Asia...
https://container-news.com/hapag-lloyd-increases-rates-asia-med/
APL will apply the General Rate Increase (GRI) within the following scope:
Effective date: 1 September 2019
Origin: Japan, Korea, Hong Kong, Taiwan, China
Destination: Australia
Quantum: USD300/TEU and USD600/FEU
Notes:
1. Effective date is based on sail/onboard date.
2. Applies to tariff and...
https://container-news.com/apl-applies-new-gri-asia-australia/
China’s crude oil imports rose 13.9% on the year to 9.7 million b/d in July, preliminary data from the General Administration of Customs showed Thursday. The volume in July was 0.3% higher from 9.67 million b/d in June. GAC releases data in metric tons, which S&P Global Platts converts to barrels...
https://www.hellenicshippingnews.com/chinas-july-crude-oil-imports-rise-14-on-year-to-9-7-mil-b-d/
China’s soybean imports in July rose 8% from a year earlier, to their highest level in almost a year, customs data showed on Thursday, as importers increased their purchases of Brazilian beans on higher crush margins. China took in 8.64 million tonnes of soybeans in July, up from 8 million in the...
China’s coal imports jumped 21.4% in July from a month earlier to 32.89 million tonnes, customs data showed, boosted by strong demand for electricity as households and businesses cranked up their air conditioning in the face of hot weather. China, the world’s biggest coal user, brought in a total...