Tuesday, March 30, 2010

Petron Website Update

Recently, Petron Pacific Inc has updated its website to enhance the user experience and to help our customers go through our website with ease. We have also provided various new features including metal prices, Facebook fan pages, youtube videos, twitter pages, and this new blog. Please check all the new resources.

-Petron Team

Friday, March 19, 2010

Ocean Freight Keeps Rising!!

BAD NEWS!! Again the ocean freight is experiencing another increase taking place on the 1st of May. In attached articles from The Journal of Commerce we can see the notice from TSA lines on rate increase during the new contracts negotiations.

Cosco and Hanjin being among the 15 lines in TSA have already agreed to the increase with full confidence of return profit to 2010.

As you are already aware that as of March the increase per container has being close to almost 2,000.00 per container after the increases that took place in Dec., Jan. and Feb.

Some of the increases that TSA has announced that will affect us are as follows:

To East Coast:
20' 800.00   Dry
40' 1000.00 Dry

To West Coast:
20' 640.00 Dry
40' 800.00 Dry

Within this articles also an explanation of why our shipments are taking longer to reach our destinations.  This is due to the continuing of “Slow Steaming” which is another of the strategies that the steam ship lines are using in order to increase fuel efficiency and lower emissions.

This is also limiting capacity on board and causing delays to our shipments. The real bed part is that right now we are paying more because of the increases and because of the availability of space but our shipments are taking longer time to arrive. AWFUL!!

Sources URL: 
www.joc.com/maritime/more-ocean-carriers-fall-behind-schedule
www.joc.com/maritime/cosco-full-confidence-rate-increase
www.joc.com/maritime/hanjin-expects-return-profit-2010
http://www.apl.com/

by Marina
Logistics Manager

Tuesday, March 16, 2010

Petron - Global steel and wire update - March 16, 2010

Import News

Global Trade Increased Broadly in November

January 12, 2010

U.S. trade with other countries increased broadly in November as imports outpaced exports, widening the trade deficit by $3.2 billion.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced Tuesday that total November exports of $138.2 billion and imports of $174.6 billion resulted in a goods and services deficit of $36.4 billion, up from $33.2 billion in October, revised.
November exports were $1.2 billion more than October exports of $137 billion. November imports were $4.4 billion more than October imports of $170.2 billion.
Compared with a year earlier, imports and exports were significantly lower. Exports were down $3.3 billion, or 2.3 percent, and imports were down $10.1 billion, or 5.5 percent. In November, the goods and services deficit decreased $6.8 billion from November 2008.
The October to November increase in exports of goods reflected increases in foods, feeds, and beverages ($1.3 billion); automotive vehicles, parts, and engines ($700 million); and capital goods ($400 million). Decreases occurred in consumer goods ($700 million), industrial supplies and materials ($500 million), and other goods ($400 million).

The October to November increase in imports of goods reflected increases in industrial supplies and materials ($2.1 billion), consumer goods ($1.4 billion), and capital goods ($1.2 billion). Decreases occurred in foods, feeds, and beverages ($200 million) and automotive vehicles, parts, and engines ($100 million). Other goods were virtually unchanged.

Thomas L. Gallagher, The Journal of Commerce Online.



Industry trade shows

National Hardware Show, Las Vegas
http://www.nationalhardwareshow.com/

May 5-7, 2010

Construction Shows:

World of Concrete, Latin America
Mexico, Mexico
June 8 – 10, 2010

Electrical Shows:

IEEE Power and Energy Show
New Orleans, LA
April 19 – 22, 2010

Wire Shows:

Wire Dusseldorf
Dusseldorf, Germany
April 12 -16, 2010
http://www.mdna.com/

Wire Expo
Milwaukee, WI
May 12-13
http://www.wirenet.org/

General/Misc related Shows:
Canton Fair
China
April 15 – 20; 25-30
Oct 15-20, 25-30
CEO Message:

Thank you for all your support to Petron in last 12 years. We strive to excel and provide the most competitive and top quality products from around the globe. Petron’s number asset is our people. We invest in top notch industry experts who in turn provide you our customers the best expertise in the Industry and product they represent. They bring the value in terms of understanding the product, their application and global price and sourcing dynamics. We have people offshore representing Petron and working hard everyday to get you the competitive price and products that exceeds the specs. We don’t believe in COMPETITVE PRICE = BENDING THE SPECS.

Please visit our site http://www.petronpacific.com/ and keep sending us your feedback on how we are doing and what we can do to prove to be a better business partner.

Keep growing,


Best Regards,

Niraj Balasaria
(Founder & CEO)
Petron news:

Petron new website has been launched. Petron has it’s own dedicated quality control and procurement team in Mumbai, Warsaw and Qingdao. We supply steel and wire fabricated products which goes in:

• Construction
• Electrical
• Agriculture, Fencing
• Equine

Visit us at http://www.petronpacific.com/ to learn more about Petron.