Asia spot prices continue downtrend, seen firming in the short term

Asian spot liquefied natural gas (LNG) prices continued its downtrend this week on healthy inventories but are expected to rise in the short term, as buyers will need to boost stock ahead of cold winter months and as Europe faces higher price risk....

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Global shipping costs fall, giving hope to exporters and farmers after COVID price-hikes

The cost of sea freight is plummeting as countries raise interest rates amid fears of a global recession, but it may not necessarily result in cheaper imports for Australian consumers, stakeholders say....

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Asia US container rates continue to fall, nearing pre-pandemic levels as imports slow

Rates for shipping containers from east Asia and China to the US continued to fall this week and are nearing the levels seen at the start of the pandemic, pushed lower by falling demand, China’s ongoing zero-COVID policies and Chinese factory closures for the Golden Week holiday....

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Port of New York moves ahead with new threshold for empty container fee on ocean carriers

The Port of New York and New Jersey is moving ahead with new shipping container requirements for ocean carriers and fees for violations. The container late fee, which was originally to be implemented on Sept. 1, was delayed to allow for talks with ocean carriers about their concerns....

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Spot rates still tumbling, but carriers can still make good money

Container spot rates from China to Europe and the US tanked again this week, leading to heavy discounting by carriers and prompting some to offer significant mid-term reductions to contract rates....

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Global gas scramble intensifies after Europe pipeline blasts

The currently out-of-action Nord Stream pipeline system was damaged, with Germany saying it suspected it was an act of sabotage. It came as Russia also threatened to cut off gas to Europe via a major link through Ukraine, which would be a sharp escalation in the conflict between Moscow and the West....

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Weaker Demand for Goods From Asia Marks End of Shipping Bonanza

The cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles, dimming prospects for container carriers that turned in record profits during the pandemic....

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China shipbuilding sector continues to top world market

China remained the world’s leading shipbuilder in the first eight months of the year, industrial data showed....

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Hundreds of seafarers still stuck in Ukraine despite grains corridor

Around 82 ships with 418 seafarers remain stuck around Ukrainian ports despite the opening of a U.N.-backed sea corridor to ship grains with efforts to get the mariners sailing still stuck, shipping industry officials said on Thursday....

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Domestic cement consumption expected to rise as exports fall

Hanoi (VNS/VNA) - The cement production industry expects to promote domestic consumption because it is finding difficult to boost exports....

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