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OOCL is pleased to announce the launch of our new China Thailand Service (CHL2). This service will strengthen our network between South China and Thailand by offering competitive transit times and enhanced reliability. The CHL2 service is tailored to meet the growing trade demands between these vibrant markets, complementing our existing FCS3, CHL4 and KTX2 services. Terminal: Nansha — GOCT (Guangzhou South China Oceangate Container Terminal) Laem Chabang – Kerry Siam Seaport Source: OOCL

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) has been selected again as an Asia Pacific Index component of the Dow Jones Sustainability Indices (DJSI), one of the leading global indices for ESG investing, for the 14th consecutive year since 2011. DJSI, the index provided by S&P Dow Jones Indices, measures the performance of companies in terms of economic, environmental and social criteria, through a corporate sustainability assessment, and only includes companies with remarkable performance. Among those indices, Asia Pacific Index for 2024 selects 161 companies in the Asia-Pacific developed region (including ...

Brazil’s Transpetro, a unit of state-run oil firm Petrobras, said on Monday that local shipbuilding firms Ecovix and Mac Laren had won a tender to build four new coastal vessels for $69.5 million per vessel. WHY IT’S IMPORTANT The bid is the first step of Petrobras’ plan to renew its fleet of support vessels, and is a win for Brazil’s government as it seeks to revitalize the country’s shipbuilding sector. KEY QUOTE “It is a milestone for our management to resume the acquisition of ships in Brazil after 10 years ...

Chicago wheat futures inched loweron Thursday after plunging to a 2-1/2-month low in the previous session as the U.S. dollar surged to its strongest in a year, making U.S. farm exports less competitive on global markets. Corn and soybean futures steadied after three consecutive days of declines due to the dollar’s pressure, a faltering vegetable oil rally and concerns that a debt swap announced by China last week will fail to stoke its economy. The most-active wheat contract on the Chicago Board of Trade Wv1 was down 0.1% at $5.40-3/4 ...

London copper prices fell below $9,000 for the first time in more than two months on Thursday, extending their decline as the dollar firmed and investors weighed the prospects of demand from top consumer China. Three-month copper on the London Metal Exchange (LME) CMCU3 fell 1.6% to $8,903 per metric ton by 0710 GMT, its lowest since Sept. 5. The most-traded December copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 closed 2% down at 73,170 yuan ($10,102.87) a ton, hitting its lowest since Sept. 12. The dollar, steered by ...

Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a stronger U.S. dollar and worries about rising supply amid slow demand growth. Brent crude futures LCOc1 were down 3 cents to $72.25 a barrel at 0937 GMT. U.S. West Texas Intermediate crude futures CLc1 were down 7 cents to $68.36. “The primary driver of oil prices, both in the near term and looking ahead, will be the direction of the U.S. dollar,” said Phillip Nova investment analyst Danish Lim. The dollar’s recent ...

Oil prices may see a drastic fall in the event that oil alliance OPEC+ unwinds its existing output cuts, said market watchers who are predicting a bearish year ahead for crude. “There is more fear about 2025′s oil prices than there has been since years — any year I can remember, since the Arab Spring,” said Tom Kloza, global head of energy analysis at OPIS, an oil price reporting agency. “You could get down to $30 or $40 a barrel if OPEC unwound and didn’t have any kind of real ...

U.S. production of associated-dissolved natural gas, or associated natural gas, increased 7.9% in 2023 compared with 2022, averaging 17.1 billion cubic feet per day (Bcf/d) last year, according to data from Enverus Drillinginfo. Associated natural gas production, which is natural gas produced by wells that predominantly produce oil, comes mainly from five major oil-producing regions in the United States—the Permian, Bakken, Eagle Ford, Anadarko, and Niobrara. Record U.S. crude oil production in 2023 generated large volumes of associated natural gas. The Permian Basin in West Texas and southeastern New Mexico ...

India, the world's No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri told Reuters on Tuesday. While global refining centers are downsizing as energy transition progresses at an unpredictable pace, India’s rising daily crude utilization means it will rely on fossil fuels until at least 2040, Puri said at the sidelines of a refining conference in Bengaluru. ”Our existing refineries will increase in terms of capacity and they will also ...

The Oil & Gas Decarbonization Charter (OGDC) published on November 11, its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductions made by the 54 oil and gas companies – representing almost 45% of the global oil production, that have signed up to the Charter’s ambitions. These ambitions include to work toward net-zero operations by 2050, near-zero upstream methane emissions and zero routine flaring by 2030 in addition to measuring and publicly reporting progress towards meeting OGDC’s goals. The publication of the Baseline Report is ...

Asian stocks fell broadly on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world’s largest economy. Bitcoin BTC= steadied above $90,000 after having surpassed that level in the previous session, turbocharged by Donald Trump’s return to the White House and the view that his administration will be a boon for cryptocurrencies. The world’s largest cryptocurrency last traded 1.6% higher at $90,067,having already soared more than 30% on a two-week rolling basis. In the broader market, traders responded ...

USD: Bullish sentiment seemingly untouched Our very first key FX advice for 2025 is not to overthink dollar strength and to trust the general direction of a stronger dollar on the back of Trump’s domestic and trade agenda. We think this week’s price action has given us a taste of what’s to come in FX markets in this second Trump term, with brief dollar corrections (like after yesterday’s US CPI print) taken as an opportunity to enter structural USD longs at more attractive levels. US political news has continued to ...

What’s next for global trade with a new US administration? Donald Trump’s 2024 presidential win has already influenced currency, stock, bond and commodity markets, as investors anticipate shifts in trade, regulatory and fiscal policies under the new administration. Following news of the victory, the dollar surged 1.65%, the euro fell 1.89% to its lowest since June and the pound dropped 1.16% since August. The Japanese yen also weakened as global markets adjusted to the election outcome, the BBC reports. Meanwhile, economists polled by Reuters predict steady US inflation for a ...

There is no place like home. Shortly after Donald Trump launched the United States into a trade war against the China in 2018, President Xi Jinping’s administration responded with “dual circulation”, a vision to expand domestic demand to make the People’s Republic less dependent on foreign markets. The rebalancing of the world’s second-largest economy looks set to accelerate abruptly under Trump’s upcoming second term as U.S. president. Consumption in China is already growing in importance. Economists at Goldman Sachs expect it to generate 59% of GDP next year, up from ...

In South American copper giant Peru, the incoming Donald Trump White House will find itself already on the losing side in a trade battle with China, part of a bigger power realignment around the resource-rich region in Washington’s backyard. Peru, the world’s no. 2 copper exporter, is set to host Asia-Pacific Economic Cooperation leaders this week, with China’s President Xi Jinping expected to attend and inaugurate a major new Chinese-built port in the country. Outgoing U.S. President Joe Biden is also on the guest list. Peru reflects a wider challenge ...