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The diplomatic storm affected the import declaration of international shipping industry

Return list source:Harverla international freight browse: Release date:2017-06-13

           Saudi Arabia, Bahrain and UAE ports issued a circular that rejected from Qatar Qatar Qatar's port and non flag ship sailing and anchored, the market is also pay close attention to the region's oil and liquefied natural gas flow.
           Recently, seven countries, including the United Arab Emirates, Bahrain, Saudi Arabia, Egypt, Yemen, Libya and Maldives, have broken diplomatic ties with Qatar and severed relations with Qatar's air, sea and air links.
           The diplomatic storm affected the import declaration of international shipping industry
           According to LIAN, Qatar liquefied natural gas import declaration is the world's largest exporter of Qatar Gas Transport Co (Nakilat) is one of the world's largest liquefied Tennessee Gas Transmission Co, with 37 ships, while Qatar Petroleum Company also controls several crude oil and refined oil tanker. It is said that in 2016, Qatar exported 78 million tons of liquefied natural gas, accounting for 30% of the global liquefied natural gas supply of 2.65 tons. Of these, 50 million tonnes are sold to the Asia Pacific region, with three of its largest customers being Japan, India and South korea. At present, some concerns stem from LNG transportation in Qatar and the transport of tanker and container ships between ports in the middle east.
           The import declaration of natural gas exports mainly rely on maritime transport, the Middle East import declaration "black" action caused by ship brokers and other market participants panic, expressed concern about the widespread of Qatar shipping activities and goods transportation. Saudi Arabia, Bahrain and UAE ports issued a circular that rejected from Qatar Qatar Qatar's port and non flag ship sailing and anchored, the market is also pay close attention to the region's oil and liquefied natural gas flow.
           Shipowners have been consulting the conservation society and lawyers, who are still waiting for further developments. Brokers said on oil tankers, super tanker carriers regularly batches of crude oil in the Middle East over the port, if on the ship port of Qatar is prohibited from entering the other port, may cause and Iran are sanctions after the same problem. This will impact the VLCC, but may increase the aframax tanker and Suez tanker demand.
           The Suez canal, although Egypt has also announced the import declaration with Qatar diplomatic relations, but there is no indication that Egypt will be the key of the Suez canal route to Qatar trade to take further action. A Singapore shipping broker said: "if Egypt explicitly states that the goods in Qatar cannot pass through the Suez canal, it will disrupt trade flows and push up prices for energy products."."
           Although the incident has produced a series of impacts on import declaration and international shipping industry, it is still not the market demand of domestic ship fuel supply market. Short term view, the weak demand for transport season, plus oil transfer raw materials have double suppression, the ship oil market weakness down mainly, short-term hard to have the power to turn over. But the Fushun shale oil tender in June 6th only down 17 yuan / ton, injected a shot in the arm to the market game player, they said this indicates that short-term ship fuel market fell space is limited, and even expected to suspend downward pace. But some experts also said that with the Qatar import declaration off storm fermentation, if further deterioration of Qatar and neighboring countries geopolitical and economic relations, will lead to further rise in the price of oil, then the ship supply the domestic market will inevitably fluctuate.