Asia LNG Price Slide Boosts flow to Europe

Manjula

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Spot LNG prices in east Asia fell back slightly over the four weeks from mid-September to mid-October, according to the ICIS East Asia Index (EAX). A softer market in Asia reduced the region’s premium to European gas prices and helped to attract increased flows of LNG into the northern European gas markets for early winter.
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Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of state-run National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday. Iran’s Foreign Ministry also criticized U.S. sanctions imposed on Tuesday on several Iranian banks and other
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Despite the turmoil of an escalating war of words and the prospect of a full-blown trade war, the price of iron ore has remained remarkably robust this year. As the primary ingredient in the most basic of manufacturing materials, steel, you may be forgiven for expecting demand would have been shaken by the prospects of
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Mining giant BHP Wednesday posted a 10% year-on-year rise in iron ore production in the July-September quarter aided by improved rail and port operations, while a 3% slip from April-June was attributed to scheduled maintenance. The world’s third-largest iron ore producer, which operates mines in Western Australia, said its share of production from all assets
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Chinese coking coal futures climbed to their strongest in more than a year on Wednesday as Beijing’s flexible approach to industrial production curbs fueled demand with supply restrictions also supporting the steelmaking raw material. The rally in coking coal spread to iron ore, which rose to a seven-month peak, and coke which jumped nearly 2
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On Thursday 8 November, the European Parliaments Committee on Transport will discuss the proposal for a European Maritime Single Window environment (EMSWe) Regulation. The EMSWe Regulation as proposed by European Commission is intended to reduce the amount of time that ships spend on reporting procedures during European port calls (1-3 hours per call). According to
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APM Terminals has reached an agreement to divest its container terminal in Izmir, Turkey to its current partner SOCAR. As part of the sales agreement, APM Terminals will continue managing the terminal, ensuring that needs from both shipping lines and landside customers are catered for. The sale is subject to regulatory approvals and is expected
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AS a part of Ease of Doing Business and overcoming the obstacles faced by trade in claiming IGST refund on exports, the Pune Customs and Pune Custom House Agents’ Association jointly conducted an awareness session on “Precautions to be taken while filing the shipping bill for IGST refund” under the guidance of Mr M.V.S. Choudary,
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The third coastal container line vessel MV TCI Express berthed at KICT, Deendayal Port Trust (DPT) on Monday morning. TCI Seaways is running the DPT-NMPT-CoPT circuit. It plans to induct three vessels in this circuit, said a release. The vessel arrived at Kandla on October 14, 2018 at around 1800 hours and berthed at KICTPL
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Deendayal Port created a new salt loading record when the vessel M.V. Veenus loaded 58,000 MTs in 24 hours, beginning from 0700 hours on October 11, 2018, using 7 hatches. This surpassed the port’s previous 24-hour salt loading record of 42,466 MTs ex M.V. Star Camera on July 7, 2008. A record that stood for
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