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Shanghai Terminal News

20 Feb 2014

G6 Alliance Announces Port Rotations

Members of the G6 Alliance  released details on port rotations for the proposed service expansion to the Asia-North America West Coast and Trans-Atlantic trade lanes, announced in early December last year. Subject to the completion of regulatory review process, the 17 services are scheduled to start in the second quarter of 2014. “The G6 Alliance monitors market developments closely and is continuously seeking opportunities to improve our service offerings,” member carriers said in a statement. “With the introduction of the Asia – North America West Coast and Trans-Atlantic services, the G6 Alliance will further strengthen its position to meet shippers’ demand for more comprehensive, seamless and efficient services with competitive transit times.

01 Aug 2006

CNOOC Might Announce New LNG Supply Deal

China National Offshore Oil Co. (CNOOC) could announce a liquefied natural gas (LNG) supply deal in about two to three months, its first in four years, reported China Knowledge Online. This move signals that the company, which is leading China into the LNG market, is ready to pay higher prices. Prices have approximately doubled since China’s first landmark deal four years ago at $3 per million British thermal unit (BTU). The country appears to be accepting that if it continues to stall supply talks, it will not be too successful in promoting the use of LNG in the country. According to an anonymous CNOOC senior official, the deal will restart CNOOC’s drive to obtain supplies for its five planned terminals by end 2007.