Pavilion Energy Trading & Supply Pte. Ltd.1 (“Pavilion Energy”) and bp Singapore Pte Limited (“bp Singapore”) have signed a long-term LNG sale and purchase agreement (SPA) for the supply of approximately 0.8 million tonnes of LNG per year to Singapore for 10 years from 2024. Beyond the supply of LNG to Singapore, both companies will .
Container priority-loading premium the new normal in Asia as shippers struggle for space
Go premium or go home is the new motto in the Asian container markets, with shippers struggling to get hold of ships and carriers assuring availability only when customers pay a premium over the Freight All Kind, or FAK, market sources said.
The premium can range from 50% to 70% over the FAK rate, or between $2,000/forty-foot equivalent unit and $3,500/FEU for Southeast Asia to US and Europe routes, according to market sources.
These premiums come on top of the recent runup in container spot freight rates, where prices to North America from Asia have risen nearly three-fold over the last six months to a record high of $5,300/FEU on Feb. 8. Container rates to Europe from Asia are also at an all-time high of $8,500/FEU Feb. 8 compared with $1,700/FEU in September 2020.
2021/02/08 10:30
SINGAPORE
Ukiyoto Singapore Pte Ltd. starts out the year 2021 with exciting releases ranging across mystery thrillers, memoirs, biographies and culinary reviews. With its focus on literary activities in Asia, this season of
Litteratura, The Literary Magazine slated for release end Feb 21 covers few of the best authors and writers from Philippines, Malaysia, Singapore and India.
In Q3 FY20-21, Ukiyoto had tied up with a chain of mega bookstores such as Kinokuniya, MPH, Times, LitBook Cafe via distributor Gerakbudaya in Malaysia to source books for placement at their stores. Several outdoor activities such as book launch, book reading, award ceremonies and others are planned in the second half of 2021 based on government decisions with regards the pandemic.
Affle (India) rose 1.01% to Rs 3,783.90 after the company through its wholly-owned step down subsidiary entered into a definitive Business Transfer Agreement to acquire the Business Assets of Discover Tech.
The company, through its wholly-owned step down subsidiary Affle MEA FZ-LLC (AMEA, a subsidiary of Affle International), has entered into a definitive business transfer agreement to acquire the business assets of Discover Tech, a company registered in Israel. The fixed consideration for business transfer is $1.15 million in cash and a maximum success fee of $3.37 million will be paid over a period of a maximum of four years. The company expects to complete the transaction in 90 days.