China to introduce container futures product using CNY as settlement currency:The Shanghai Futures Exchange and the Shanghai Shipping Exchange are working to launch a container shipping futures product that will use the Chinese CNY as its settlement currency, Splash reports. The CME Group launched container freight futures in the UK last year, covering six different routes, as exceptional rate volatility on the back of the pandemic drove the need for shipowners and traders to be able to hedge against high prices.

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  • China has launched a new 15-day cargo route to Afghanistan, with a freight train carrying 39 containers. (Khaama)
  • India’s gas regulator says the country should build natural gas storage to help meet strong demand and increase its use of cleaner fuel. (Reuters)
  • AP Moller-Maersk hasreceivedanHMD H1ull #468 vessel, the world’s first container vessel operating on green methanol. (Statement)
  • Singapore-based bulk carrier operator Belships ASA and ship management companyV.Groupinked a strategic partnership agreement that will see V.Group manage Belship’s fleet and management business. (Press release)
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