Long, Strange Trip: How U.S. Ethanol Reaches China Tariff-Free

By Chris Prentice and A. Ananthalakshmi NEW YORK/KUALA LUMPUR, Feb 7 (Reuters) - In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia. Two months later - after a circuitous journey that included a ship-to-ship transfer and a stop in Malaysia - its cargo arrived in China, according to shipping data analyzed by Reuters and interviews with … [Read more...]

Dozens of Bulk Vessels Stuck Off China Ports Amid Customs Delays -Data, Sources

By Henning Gloystein and Muyu Xu SINGAPORE/BEIJING, Feb 1 (Reuters) - Dozens of ships carrying coal and iron ore to China are stuck outside ports waiting to unload, according to shipping data, with traders saying harbour authorities are taking longer than usual to clear the imports with customs officials. Refinitiv data showed on Friday that more than 300 dry-bulk freighters … [Read more...]

Rush to Beat Trump Tariffs Turns Into Another Headwind for China

By Enda Curran and Shawn Donnan (Bloomberg) -- Warehouses in southern California are full to bursting with Chinese goods rushed across the Pacific ahead of President Donald Trump’s tariff deadlines. “It’s been quite a run in the last six months,’’ says Phillip Sanfield, a spokesman for the Port of Los Angeles, which ended 2018 with its busiest December on record with the … [Read more...]

China’s Old Oil Guard Tap Offshore Expertise to Dabble in Wind

By Bloomberg News (Bloomberg) -- China’s offshore oil and gas experts are dipping their toes in wind power, bringing their experience working on the ocean floor and adding a new twist to their portfolios. Cnooc Ltd., the country’s top offshore oil explorer, said it wants to use its expertise in marine geology to replicate its success in the offshore wind sector. The company … [Read more...]

Trade War Cools U.S. LNG Exports to China in 2018

Jan 9 (Reuters) - The number of U.S. liquefied natural gas vessels that went to China in 2018 fell by around 20 percent from the prior year as the trade war between Beijing and Washington heated up. In recent weeks, however, that dispute has cooled somewhat with talks in China this week between Chinese and U.S. trade teams raising hopes additional tariffs can be … [Read more...]