US exports
Container Imports Tumble At US Ports
January import volumes at the ten largest US container ports fell 17.9% against the record throughput of January last year, with the biggest declines at west coast ports, says an article published on The loadstar.
Anticipated recoveryAnd with an expected “significant volume decline” this month too, US box ports are preparing for a tough first six months before an anticipated recovery in the second half of the year.
Worst performer
According to the latest McCown container...
LNG Shipments through Panama Canal could last last until March
The Congestion delaying LNG shipments through Panama Canal is expected to last through the peak demand winter months, although the canal’s regulator said that the traders close to the situation had made changes to speed up transit, says an article published in Reuters.
High price ratesThe price of liquefied natural gas (LNG) and shipping rates have hit record highs because of the bottleneck, supply constraints and heavy demand from Asia, where freezing weather has placed the energy supply system...
https://mfame.guru/lng-shipments-through-panama-canal-could-last-last-until-march/
LNG Market Strikes Gold with Rising Asia and US Exports
- A strong rise in prices in Asia and record US exports show how demand for LNG is bouncing back.
- LNG prices in Asia have risen from lows around US$2 per million British thermal units to over US$9 this month.
- It is driven by disruptions to supply from some large projects, including Gorgon and Prelude, and by a robust recovery in demand.
- The growth in China’s gas demand has slowed to 4% this year, but LNG is increasing its share of the market and continues to grow at more than 11%.
According to a...
https://mfame.guru/lng-market-strikes-gold-with-rising-asia-and-us-exports/
