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Asia’s LNG Imports Hit Record, but Supply Surge Keeps Price Muted: Russell

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Asia’s imports of liquefied natural gas (LNG) rose to a record in December, but spot prices remained subdued as shipments from top exporters Australia and the United States also hit all-time highs. Asia, the top buyer of the super-chilled fuel, saw imports reach 26.61 million metric tons in December, according to data compiled by commodity …

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Asian exporters face more Red Sea risks after attacks on Houthis

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The supply of several key exports from Asia to Europe is being threatened by escalating violence in the Red Sea region after a new wave of attacks on Houthi militants launched by the US and UK. Monday’s air strikes were the latest in a series of attacks that began with missiles launched on January 12 against the Iran-backed Yemeni rebel group, which …

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Japan to tighten export controls to prevent military use

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TOKYO — The Japanese government hopes to tighten export controls to prevent goods and parts from being used for military purposes, including new measures to stop third-party transfers. Japan classifies countries into three groups: those to which weapons exports are banned under U.N. Security Council resolutions; 27 countries with proper export controls, including the U.S., …

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U.S. shrimpers struggle to compete as cheap foreign imports flood domestic market

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CBS EVENING NEWS  Shem Creek, South Carolina — Off South Carolina’s coast, shrimper Rocky Magwood has a jumbo problem: plummeting prices for his catch. “It’s worse right now than we’ve ever seen,” Magwood told CBS News. “…I mean, people are dropping like flies out of this business.”  The cause is cheap shrimp imported from Asia, grown …

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Toyota Halts Some SE Asia Exports on Daihatsu Scandal: Yomiuri

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Toyota Motor Co. halted shipments of six car models in some Southeast Asian countries as its subsidiary Daihatsu Motor Co. faces a widening safety scandal, the Yomiuri reported without citing sources. The models affected are those that Daihatsu had a part in developing, and include Veloz and Avanza, according to the newspaper. Shipments in Thailand, Indonesia, Malaysia, …

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Indian steel mills continue to hold back export offers to South East Asia, ME in Dec, green shoots seen in EU

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India’s steel mills have again held back on export offers, apart from the European Union, for three months now given stiff competition from China that continues to be 10-20 per cent lower-than-expected market rates.  Mills here placed the last export offers at $660 per tonne (for benchmark hot rolled coils) against which the competing Chinese offers were sub-$600 (around …

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65 Innovative Import Export Business Ideas for Small Businesses

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The world is getting smaller every day as global trade becomes easier and more attainable. This opens up avenues for even small businesses to venture globally. While the import and export sectors are dotted with hurdles, they’re also teeming with a multitude of business prospects in international commerce. This article will provide a collection of top …

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