Taiwan raises 2024 GDP forecast on strong related exports, home consumption
Taiwan’s trade-reliant economy is expected to grow at a faster pace in 2024 than previously forecast, owing to high demand…
Tax hikes to give Russia fiscal headroom to further increase spending
Russia’s proposed tax hikes for companies and the wealthy, which may add an extra $30 billion to next year’s budget…
Bangladesh’s RPGCL seeks LNG cargo for late June delivery, sources say
Bangladesh’s state-owned Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a tender seeking a liquefied natural gas (LNG) cargo for…
Japan’s Inpex supplied oil to Germany from Kashagan, sources say
Japan’s Inpex for the first time last month supplied crude oil from its share in the giant Kashagan oil field…
Asia’s crude oil imports hit 12-month high, but it’s India, not China
Asia’s imports of crude oil rose to the highest in 12 months in May, with the strength being driven by…
CBP curtails low-value shipment access for multiple customs brokers
Growth in the use of a low-value shipment rule has attracted critics, who say the de minimis program provides a…
Ocean freight container shipping market set to surpass Red Sea crisis peak and hit levels not seen since Covid-19 pandemic
Ocean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea…
BIMCO: Tanker Shipping Demand to Rise by 10.2% in 2024, Compared to 2022
Supply/demand balance Houthis continue to attack ships in the Red Sea and the Gulf of Aden, and there is no…
Newbuilding Orders Slow Down, as S&P Deals Accelerate
Tanker ordering activity was the main trend in last week’s newbuilding orders, while bulkers keep dominating the S&P market. In…