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China's graft probe rattles shipping giants 01 April 2024 faced scrutiny. While COSCO reassures continuity in operations, the probe hints at challenges facing the shipping giant amidst a global economic downturn and oversupply of vessels. Despite COSCO's recent financial struggles, including consecutive years... Type: Article Category: Markets & trade Wales leads building materials sales increase 29 March 2024 same period in 2022. However, despite this dip, Wales maintains its strong position in the market, reflecting resilience amidst broader economic shifts. Throughout 2023, total merchants’ sales witnessed a 5.1 percent decline compared to 2022 figures,... Type: Article Category: Construction Peter Oswald named Mayr-Melnhof Karton AG’s Chariman and CEO 29 March 2024 of Peter Oswald as Chairman of the Management Board and CEO until May 31, 2029, ensuring continuity in leadership amidst a crucial phase of transformation. Additionally, the Management Board will be augmented to include Roman Billiani, an experienced... Type: Article Category: Europe & Central Asia Sappi Europe initiates price increase talks 29 March 2024 costs (CW Group) Sappi Europe informed that is gearing up for additional price increases in Coated and Uncoated Fine papers amidst persistent cost escalations. Despite previous adjustments in January and February, deemed insufficient to sustain... Type: Article Category: Europe & Central Asia Cement market dynamics 29 March 2024 China Cement Network shares a notable trend in the Jiangxi region, where cement prices have experienced downward pressure amidst heightened competition and export restrictions. Cement exports from Jiangxi, particularly in northeastern areas, have faced... Type: Article Category: Volume & Pricing DS Smith attracts bidding frenzy 28 March 2024 markets. DS Smith, acknowledging the strategic merits of a merger with International Paper, now faces a crucial decision amidst competing offers. International Paper's bid follows the recent merger of Smurfit Kappa and WestRock, signifying a trend... Type: Article Category: Europe & Central Asia Fujairah Cement reports major losses 28 March 2024 to optimize production capacity. Fujairah Cement Industries' plight underscores the volatile nature of the cement industry amidst fluctuating market conditions and rising operational expenses. As the company strategizes for recovery, the resilience of... Type: Article Category: Financial Market challenges halt BUA Cement's pricing strategy 28 March 2024 Company faces scrutiny amid pricing controversy (CW Group) Amidst market challenges, BUA Cement's plans to sell cement at reduced prices have faced obstacles, according to Leadership. BUA Cement initially pledged to sell a bag of cement for N3,500 but... Type: Article Category: Volume & Pricing Cement industry declines 28 March 2024 report released by Evergreen on March 28, 2023, the company's financial performance reflects a challenging year amidst industry shifts. According to analysis from China Cement Network, Evergreen experienced a significant decline in both net profit and... Type: Article Category: Markets & Competition Sonoco raises prices for URB in Europe 27 March 2024 50 increase for the UK market, effective for deliveries after April 15, 2024, citing the need to offset higher input costs amidst general inflation and economic challenges. Nikolaj Thybo, VP Sales and Marketing Paper Europe at Sonoco, emphasizes the... Type: Article Category: Europe & Central Asia Cement giants thrive amidst economic challenges 27 March 2024 Surprising profit surge in cement industry (CW Group) Leadership shares on the remarkable performance of cement companies listed on the Nigerian Exchange (NGX) Limited, despite facing daunting operational costs in a challenging economic climate.... Type: Article Category: Financial Nigeria's cement price puzzle unraveled 27 March 2024 saga of cement pricing in Nigeria, urging a closer examination of the market rates offered by major cement producers amidst recent developments. Despite initial agreements between key cement producers and the Federal Government to establish a pricing... Type: Article Category: Volume & Pricing Sea Freight Index plunges 26 March 2024 heavy cargo like iron ore and coal, dipped by USD 1,150 to USD 27,325. Meanwhile, iron ore futures saw a slight uptick amidst hopes for increased demand in China. The panamax index also faced declines, slipping by 45 points, or 2.1 percent, to 2,120... Type: Article Category: Markets & trade EU wheat exporters grapple with Russian dominance 25 March 2024 competition from the Black Sea region pose challenges for EU shipments. Analysts emphasize the need for an export solution amidst ample wheat supplies from both Europe and Russia. Copyright CW Group. All rights reserved. Unauthorized distribution... Type: Article Category: Markets & trade Donghaitong Development inaugural report 25 March 2024 private dry bulk shipping sector, has unveiled its inaugural annual report. The report highlights the company's resilience amidst market fluctuations, maintaining profitability despite a short-term performance dip. In 2023, Donghaitong Development... Type: Article Category: Markets & trade U-Ming and Itochu pioneer ammonia dual-fuel ships 22 March 2024 of ammonia dual-fuel bulk carriers, leveraging U-Ming's expertise in dual-fuel technology. This collaboration comes amidst increasing pressure for environmentally friendly shipping solutions. U-Ming's commitment to dual-fuel technology is evident in its... Type: Article Category: Equipment & technology Liangshan port achieves record coal shipments 22 March 2024 with 42 ships loaded in a single day, totaling 46,672.21 tons, setting a new record for single-day coal shipments. Amidst challenges in the coal market, Liangshan Port responded proactively, adhering to its market development strategy. Despite... Type: Article Category: Ports & handling February sees dip in U.S. printing-writing paper shipments 22 March 2024 while the data suggests a slight downturn in printing-writing paper shipments for February, the industry remains resilient amidst changing market dynamics. AF&PA continues to monitor and analyze trends in the printing-writing paper sector to provide... Type: Article Category: North America Suzano leads the charge in pulp market 21 March 2024 Money reveals a robust start for the pulp industry in the first quarter, with Suzano emerging as a prominent player amidst higher-than-expected prices and sustained market optimism. Pulp prices have remained resilient, with a ton of BEKP closing at USD... Type: Article Category: Global TotalEnergies' refinery fluidic catalytic cracker restart 20 March 2024 gas oil into gasoline, while the coker processes residual crude oil into feedstocks for motor fuels or petroleum coke. Amidst these operational maneuvers, TotalEnergies remains steadfast in its efforts to address challenges and sustain refinery... 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