Carriers cutting back on vessel space allotments for NVOs, retailers: sources
The capacity cuts come as ocean bookings in the eastbound trans-Pacific are climbing sharply because US-based importers who had planned…
Early peak shipping season shows no sign of slowing: Yang Ming CFO
The carrier executive said the disruption to shipping schedules caused by vessel diversions around southern Africa has created a “chaotic…
China’s LNG imports set to slow
China appears to have taken advantage of low prices in the spot market so far in 2024 to boost the…
India’s LNG surge supports Asia’s imports in June
Asia’s imports of liquefied natural gas (LNG) are expected to dip slightly in June from May, with strength in India…
India imported 8.3 MT steel in FY24, becomes net importer of the metal
From being an exporter of steel, India became a net importer of the metal in FY24, with an overall trade…
South Korea feed makers buy corn; Taiwan buys US wheat
CORN PURCHASE: South Korea’s Major Feedmill Group (MFG) purchased an estimated 132,000 metric tons of animal feed corn in a…
Crude Tankers Entering the Clean Trade Could Have Significant Impact
The product tanker market seems to be in a divergence path with the crude tanker market, after a period of…