TANKERS: Texas freeze boosts USGC Aframax freight rates to nine-month highs

 

 

 

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OIL | METALS | SHIPPING

TANKERS: Texas freeze boosts USGC Aframax freight rates to nine-month highs

 
OIL | CRUDE OIL | REFINED PRODUCTS | SHIPPING | TANKERS

Clean tankers face extended weakness amid refinery outages, diesel hike

 
SHIPPING | MARINE FUELS

Platts Bunkerworld

 
OIL | CRUDE OIL | CORONAVIRUS | ENERGY TRANSITION | MACROECONOMICS

37th Asia Pacific Petroleum (APPEC 2021)

 
PETROCHEMICALS

FACTBOX: Petrochemical restart efforts continue post-freeze

 
OIL

Insight from Moscow: Russia's strong economic position among OPEC+ members underpins its negotiating power

TANKERS: Texas freeze boosts USGC Aframax freight rates to nine-month highs

Author  Nicole Baquerizo     Catherine Wood 

Aframax trans-Atlantic freight spiked over 38% from Feb. 17

Close to 50

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Massive Inflation in Shipping Costs. And the Reasons

 

 

 

by Wolf Richter • Jan 16, 2021 • 145 Comments

Rates for trucking, ocean containers, airfreight, parcels, you name it, the costs for shipping consumer & industrial goods are surging.

By Wolf Richter for WOLF STREET.

The dollar-amount spent by shippers, such as manufacturers or retailers, on shipping their goods jumped by 13% in December from a year earlier, driving the Cass Freight Index of Expenditures to a new record (red line). The amount spent on freight is a function of shipment volume and freight rates:

The Cass Freight Index covers shipments by all modes of transportation, but is heavily concentrated on shipments by truck, with truckload accounting for over half of the expenditures, followed by less-than-truckload (LTL), rail, parcel services, etc. It does not cover commodities.

The freight rates embedded in the index jumped

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Japan’s Top 10 Exports

 

 

 

worldexports

 

by Flagpictures.orgJapan shipped $705.8 billion worth of goods around the globe in 2019. That dollar amount reflects a -4.4% decline since 2018 but a 12.9% increase from 2015 to 2019.

Japan’s exported goods totaled $518.3 billion during the first 10 months of 2020. Assuming an annualized $621.9 billion in exports for all 2020, Japan is on track for an estimated -11.9% drop in value for its shipments from 2019 to 2020.

Based on the average exchange rate for 2019, the Japanese yen has appreciated by 9.9% against the US dollar since 2015 and increased by 1.3% from 2018 to 2019. Japan’s stronger local currency since 2015 make exports paid for in weaker US

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China is the key

El dinamismo del mercado asiático y la subida de los combustibles aumentan los fletes de Valenciaport

 

 

 

El Estrecho digital

El VCFI alcanza su máximo histórico hasta situarse en los 1.423,2 puntos lo que supone un incremento del 42,33% respecto al inicio de la serie en enero de 2018