US LNG to Asia in Question as Prices fall, Shipping Costs Rise

Falling spot LNG prices in Asia and record-high shipping rates could deter the movement of US cargoes to the region this winter as offtakers seek higher-value markets for export. On Wednesday, the prompt-month Platts JKM, the benchmark price for spot-traded LNG in northeast Asia, slumped to $10.20/MMBtu, S&P Global Platts data shows. After climbing to
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Viewing every equity rupture as a sign of economic apocalypse would’ve lost you money in 2015 and 2016. Traders coping with the worst year for Asian stocks in seven see no reason that won’t be true again. It’s probably too late to bail anyway, with equities down 20 percent since January. But from Hong Kong
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Iran, India and Afghanistan inked an agreement here Tuesday ( 23 October ’18) on the transit of goods via Iran’s southeastern port city of Chabahar, Tehran Times reported.   The agreement was signed during the first meeting of the coordination council of an agreement signed earlier on the establishment of an international transport and transit
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Asian buyers of Iranian oil are gaining confidence they will win U.S. consent for some imports to continue even after American sanctions snap back next month. Major Iranian customers South Korea, India and Japan are in talks with Washington for waivers, highlighting the specific reasons they need to continue purchases, according to people familiar with
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Asia-Pacific benchmark Newcastle prices have fallen to five-month lows on relatively weak Chinese import demand and abundant supply, participants said on Thursday. Broker Global Coal’s benchmark Newcastle [Australia] index was assessed last at USD 106.68/t, down by 4% on the week and the lowest level since mid-May. China’s Zhengzhou thermal coal futures contract for delivery
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Global stocks were mixed Thursday, as the macroeconomic anxieties behind recent wild swings continued to drag on Asian bourses. The Stoxx Europe 600 was up 0.2% in opening trading, slightly extending its rally so far this week after dropping 5% in the past month. That followed a drop in Asia-Pacific markets, where Chinese stocks in
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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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A total of 64 incidents of piracy and armed robbery against ships (comprising 50 actual incidents and 14 attempted incidents) reported in Asia during January-September 2018 Of the 64 incidents, three were incidents of piracy and 61 were incidents of armed robbery against ships Compared to January-September 2017, there was a 3% increase in the
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APL has announced the extension of Eagle GO Guaranteed for US-bound containers originating from all ports in Asia and the Middle East. In addition to direct loading ports on the Trans-Pacific services, the extension now includes non-direct loading ports in Asia and Middle East. Eagle GO Guaranteed cargoes from these non-direct loading ports will be
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SIONGAPORE : The Singapore event was the first in a series of Advisory Panels for Asia members which will be held every year. “Asian owner members of BIMCO are at the very heart of our business today and in the future,” says BIMCO Secretary General & Chief Executive, Angus Frew, who chaired the event. “Meeting
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