UASC and CSCL most likely partners for CMA CGM

16th September noon update:

New cranes arrived at The Port of Felixstowe yesterday.

UASC and CSCL most likely partners for CMA CGM

Maersk and MSC form 2M the termination of cooperative agreements CMA CGM has with Maersk on the Far East – Mediterranean trade, with MSC on Asia – North Europe, and both lines on the transpacific, would leave it with “significant service gaps which it can only fill through new slot arrangements with other carriers”

Commodities

Symbol (CFDs)	Exp	Last	High	Low	Chg.	Chg. %
Gold	Dec. 15	1,112.90	1,114.10	1,103.10	+10.30	+0.93%
Copper	Dec. 15	2.433	2.447	2.413	+0.007	+0.27%
US Coffee C	Dec. 15	119.28	119.75	117.43	+0.82	+0.70%
Silver	Dec. 15	14.730	14.770	14.310	+0.404	+2.82%
Crude Oil	Oct. 15	45.80	45.86	44.82	+1.21	+2.71%
US Sugar #11	Oct. 15	11.46	11.46	11.19	+0.17	+1.51%
US Wheat	Dec. 15	493.63	495.00	487.13	-0.38	-0.08

China is set to take part in automated commodities futures China is extending its control of the markets to commodities and are looking at regulations for programme trading in futures markets. Indonesia to reduce crude oil Indonesia’s plan to cut its crude oil exports by almost half from next year and instead use those volumes at home  Japan is looking to purchase 139,000 tonnes of wheat by tender! Japan’s Ministry of Agriculture is seeking to buy a total of 138,855 tonnes of food quality wheat from the United States, Canada and Australia India protects their steel market with a levy being introduced The government  in India is looking to protect their domestic steel industry from a surge in Chinese imports India to improve its sugar exports  India is working on a multi-year plan to boost sugar exports Brazil expands its ethanol exports Exports of this product rose by up to 300% according to last month's figures. Brazil flat steel triples Carbon steel exports have also increased by almost 300% during the last six weeks (full details available on request) Asia sees coffee slowdown Coffee from both Indonesia and Vietnam have decreased mainly due to the problems with the last tow harvests. These two nations account for about a quarter of global trade.  If you would like us to investigate a particular product let us know both HS code and country of export.  Port News  5 minutes ago "Nigeria port terminals are operating at 40% below capacity as volumes decline. It would appear that the cause is related to rice and motor vehicles along with the new Central Bank of Nigerial policy on foreign exchange