By Sophie Caronello Mar 19, 2023(Bloomberg) –Here are some notable charts to monitor in commodities markets over the coming days. Oil & Gas Oil is coming off its worst weekly rout since…
shipping market
Oil, Gas And Shipping Are Key Charts To Watch In Global Commodity Markets This Week
By Sophie Caronello Mar 19, 2023(Bloomberg) –Here are some notable charts to monitor in commodities markets over the coming days. Oil & Gas Oil is coming off its worst weekly rout since…
Supply Outpaces Demand, But Demand Recovers in 2023’s Second Half
- Significant weakening of the underlying supply/demand balance with more downsides than upsides.
- Freight rates, time charter rates, and second-ship values all under pressure throughout 2023 and 2024.
- Head-haul and regional trade demand growth of 1-2% in 2023 followed by 5-6% in 2024. Negative y/y growth through the first half of 2023 but return to growth thereafter.
- Risks remain and in our downside scenario we instead estimate growth of 0-1% and...
https://mfame.guru/supply-outpaces-demand-but-demand-recovers-in-2023s-second-half/
Maersk Predicts 2.5% Global Trade Contraction In 2023
- The ‘overconsumption of goods’ is now leading to a ‘sharp correction’ in demand, the Danish company said in a report.
- A.P. Moller-Maersk A/S, a bellwether for global trade, said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.
Maersk sees global trade contracting as much as 2.5% in 2023, states a Money Web news source.
Shipping market has normalised after two yearsThe shipping market has normalised...
https://mfame.guru/maersk-predicts-2-5-global-trade-contraction-in-2023/
Toymaker’s ‘War Room’ Goes 24/7 To Secure Spots On Containers And Ships
By Amelia Pollard (Bloomberg) –The journey of Tonka’s Mighty Dump Truck toy from its Asian factory to U.S. stores offers a window into what it takes for a small toymaker to survive 2021….
https://gcaptain.com/toymakers-war-room-goes-24-7-secure-spots-containers-ships/
World’s Shippers Are Earning The Most Money Since 2008
By Alex Longley (Bloomberg) The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing…
Bunkering Market in China Recovers with Bunker Fuel Demand
Beijing-based commodity market information provider JLC Network Technology Co. on Thursday (13 August) shared its JLC China Bunker monthly report for July, reports Manifold Times.
JLVJLC China Bunker Market Monthly Report (July, 2020)Bonded bunker fuel sales rise in July
In July, China’s bonded bunker fuel sales grew to about 1.36 million mt, versus 1.18 million mt in June, JLC data showed.
Demand for bonded bunker fuel improved in July as the shipping market recovered with better control of the...
https://mfame.guru/bunkering-market-in-china-recovers-with-bunker-fuel-demand/
WTO: World trade could fall by up to 32%
The World Trade Organization (WTO) issued a report stating that global trade is expected to decrease by up to 32% this year due to the disruption of economic activity caused by the COVID-19 pandemic.
Roberto Azevêdo, WTO director-general, stated that “This crisis is first and foremost a health crisis which has forced governments to take unprecedented measures to protect people’s lives. The unavoidable declines in trade and output will have painful consequences for households and businesses, on...
https://safety4sea.com/wto-world-trade-could-fall-by-up-to-32/
COVID-19 impacts food shipments around the global
Following the COVID-19 lockdown and the negative impacts that has brought upon the industries, food shipments around the global are facing rough times. According to Bloomberg, the port backups that have ceased food trade operations are getting worse.
In fact, officials at a major port for rice trade in Philippines told Bloomberg that the terminal was about to shut down as thousands of shipping containers pile up because lockdown measures are making them harder to clear.
With several ports slowing...
https://safety4sea.com/covid-19-impacts-food-shipments-around-the-global/
EU: Guidelines ensuring availability of goods amid COVID-19
The EU Commission presented guidelines to Member States on health-related border management measures in the context of the COVID-19 emergency, for the protection of citizens’ health, ensure the right treatment of people who do have to travel, and make sure essential goods and services remain available.
The guidelines were launched mid-March, with President von der Leyen commenting that
Our measures to contain the Coronavirus outbreak will be effective only if we coordinate on the European level....
https://safety4sea.com/eu-guidelines-ensuring-availability-of-goods-amid-covid-19/