Despite the several disruptions that COVID-19 has brought upon the shipping industry, Ireland’s second largest port, Port of Cork continues its trade operations. In fact, port authorities confirmed that freight operations and arrivals still remain unaffected.
Following the ongoing COVID-19 outbreak, Chinese ports managed to slightly recover, as severe traffic congestion is easing, Reuters reported.
The Energy Information Administration recently issued its Annual Energy Outlook 2020 (AEO2020) highlighting that the total US dry gas production will continue growing until 2050, giving a boost to the US exports of natural gas to the shipping market globally.
Following the coronavirus outbreak, with several shipping companies skipping Chinese ports and many Chinese factories shutdown, trade market is passing a period of disruption. According to Bloomberg, physical supply chains are affected due to the above-mentioned situation.
The Indian Customs’ new Sea Cargo Manifest and Transhipment Regulations (SCMTR) will be implemented on 16 February 2020. The new regulation will bring changes in timelines and requirements for advance notice by vessels arriving in India and exports through ships out of India.
According to the U.S. Commerce Department, for the first time after almost six years the overall U.S. trade deficit narrowed during 2019. Namely, regions’ imports were fallen faster than the exports in the middle of protracted trade tensions.
Data from the Energy Information Administration (EIA) recently showed that exports of liquefied natural gas coming from the United States’ facilities ,marked an increase over the week ending January 29.
The Energy Information Administration (EIA) informs that U.S. liquefied natural gas (LNG) exports increase week over week for the week ending Wednesday, January 22.
With Westbound Transatlantic box volumes marking an increase of 5.4% in the first six months of 2019, its box volumes continue to rise even the growing headwinds.
After 11 months of 2019, total volumes have increased .4% in the Port of Los Angeles- America’s premier port- compared to its record-braking 2018. In a statement, it is said that the Port moved 728,918 Twenty-Foot Equivalent Units (TEUs) in November, a 12.4% decrease compared to last year.
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