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Dozens of LNG carriers queue off Europe due to inability to unload



Dozens of ships carrying LNG are circling off the coasts of Spain and other European countries, not able to secure slots to unload because plants that convert the fuel back to gas are full.

According to Reuters, there are more than 35 LNG-laden vessels drifting off Spain and around the Mediterranean, with at least eight vessels anchored off the Bay of Cadiz alone.

Now, the congestion of cargoes has raised concerns about Europe’s ability to process the LNG supplies needed to deal with the lack of Russian pipeline supply.

More specifically, Spain is offering just six slots at its regasification terminals for cargoes this week, which is less than a fifth of

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Los fletes confirman su desescalada con las navieras en plena escalada de cancelaciones





Se extienden las "salidas tácticas en blanco" para frenar la caída de los fletes ante la contracción de la demanda y la Golden Week en China

El índice compuesto del World Container Index, elaborado por la consultora británica Drewry, ha caído el 10% esta semana en comparación con la anterior con lo que suma un total de 30 semanas consecutivas en descenso. Los 4.472 dólares por contenedor de 40 pies que marca este índice compuesto representan el 57% menos “que el máximo de 10.377 dólares alcanzado en septiembre de 2021, pero sigue siendo el 21% más alto que la media de los últimos cinco años”, ha indicado Drewry. El índice compuesto se encuentra en la

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Chip war policy hurting US firms more than China




New Commerce Department chip and equipment bans against China are hitting US semiconductor company shares hardest

17 de octubre 2022
The US-China chip war has entered a new debilitating phase. Image: Screengrab / News Video

On October 7, the US Department of Commerce expanded licensing requirements for exports of advanced semiconductors and the equipment that’s used to make them to cover all shipments to China and not just shipments to particular companies.

The share prices of companies expected to be affected had already dropped, discounting previously announced sanctions and the downturn in the semiconductor cycle that was already underway.

From their 52-week highs to recent 52-week lows:

  • Intel (INTC) was down 56%;
  • Micron (MU) was down 50%;
  • Nvidia (NVDA) was down 69% (its products

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Container Shipping Market 2022-2028 | Drivers, Trends, Opportunities, Challenges | Developments, Revenue, Growth Rate | Key Players, Top Countries, Types, Applications




| Source: Absolute Reports Pvt Ltd

Pune, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Containers are used to transport objects from one place to another. Unlike conventional shipping, container shipping uses containers of various standard sizes—20 foot (6.09 m), 40 foot (12.18 m), 45 foot (13.7 m), 48 foot (14.6 m), and 53 foot (16.15 m)—to load, transport, and unload goods or objects. As a result, containers can be moved by trains, ships and trucks. Most commonly and important container sizes are 20-foot and 40-foot lengths. The 20-foot container is generally referred to as a Twenty-foot Equivalent Unit (TEU) and the 40-foot container is known as the Forty-foot Equivalent Unit (FEU).

Container Shipping Market research report is

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