SCFI Asia-Northern Europe spot rates up

Shanghai Containerised Freight Index (SCFI) spot rates from Asia to Northern Europe rose 1.4 per cent to $948 per TEU in the week ending Friday, reports said. Rates on the Asia-Mediterranean trade too increased, by 1.6 per cent to $895 per TEU, as well as those from Asia to the US East Coast by 0.1
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Europe’s take of US LNG has slumped so far this year to less than 3% of total volume, prompting further talks between the EU and the US later this month to reduce regulation in order to boost US LNG deliveries into Europe and increase the price competitiveness of the region. Europe has received just 474
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DUBAI: Global trade enabler, DP World has announced the signing of the acquisition of 100% of the Unifeeder Group ( “Unifeeder” ) for Euro 660 million from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus (Denmark), Unifeeder operates the largest and most densely connected common user container feeder and an important and
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Shanghai Containerised Freight Index (SCFI) spot rates from Asia to Northern Europe rose one per cent to $ 935 per TEU in the week ending Friday, reports said. Asia to the US West Coast rates too increased 10.5 per cent to $ 2,074 per FEU while those to the US East Coast were up 8.9
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Long ago, an executive promoting U.S. LNG exports told me that Japan should buy U.S. LNG because the trade deficit had become a politically sensitive issue. I tried to explain that “Japan” didn’t buy LNG, rather, Japanese companies did and they were not particularly inclined to make business deals with regard to the nation’s trade
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European officials on Thursday hailed a deal with the U.S. to avert a trade war despite a lack of details that could derail the vague accord and upend efforts to resolve outstanding issues. President Donald Trump and European Commission President Jean-Claude Juncker on Wednesday said EU members would buy U.S. liquefied natural gas and soybeans
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East Asian spot LNG prices fell back from their summer highs over the four weeks from mid-June to mid-July, narrowing the previously wide spread between European and Asian gas markets. More cargoes were becoming available, with tenders from producers including Papua New Guinea’s PNG LNG and Russia’s Sakhalin, and a flurry of reload cargoes drawn
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On a hot sunny day in July, Europe’s largest port is busy loading super-chilled liquefied natural gas onto a tanker, creating snow flurries during a heat wave. The cargo loaded at the Gate terminal in Rotterdam, which was built to import the fuel. Around the same time, a vessel from the Russian Arctic region arrived
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New legislation seeks to promote the expansion of US LNG exports to Europe at the expense of Russian pipeline gas to the region. A bill introduced Wednesday by US Senator John Barrasso, a Wyoming Republican, would impose mandatory sanctions on Russia’s Nord Stream II gas pipeline and expedite the export of US natural gas to
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Asian crude oil buyers are booking cargoes from Europe, the Mediterranean and Africa after a sharp drop in Brent crude’s value against Middle East benchmark grade Dubai made the shipments profitable, industry sources said on Thursday. Traders have booked at least 10 million barrels of Russian Urals, Kazakhstan’s CPC Blend and North Sea crude to
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