import surge

Container Shortage Fiasco To Extend Further By 3 Months

  • A container shortage in India is causing long delays for exporters.
  • The market sentiment in India is very negative, with many businesses afraid the COVID19 situation will continue for another year.
  • Owing to the port congestion in Colombo and tighter freight rates, India’s container shortage could last another three months.

India’s container shortage could last another three months, as congestion hits Colombo and shippers call for tighter regulation of freight rates, writes Sam Whelan for the...

https://mfame.guru/container-shortage-fiasco-to-extend-further-by-3-months/

US Beefs Up Global Oil Imports Ahead of IMO 2020

According to trading and analyst sources, the US is taking advantage of record-low prices of one of the world’s dirtiest fuels by buying record volumes, which it intends to upgrade into cleaner products before new shipping rules take effect, reports New Age Business.

US imports boosted

US trade sources said that it recently had become economical to ship fuel oil from countries such as Russia, boosting imports of the product into the United States.

This comes even as prices for high-sulphur fuel...

http://mfame.guru/us-beefs-up-global-oil-imports-ahead-of-imo-2020/

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