Euronav's profit increases from diverse fleet

09 May 2024 company also realized a capital gain of USD 372.7 million from delivering the final 13 VLCCs to Frontline under a previous agreement. Further profits of USD 82.7 million are anticipated in the second quarter from the sale of three additional VLCCs....

• Type: Article
• Category: Markets & trade

Oficemen and Siemens Energy collaborate for cement decarbonization

08 May 2024 initiatives within the Spanish cement industry through innovative solutions and techniques. The collaboration agreement, signed for a two-year duration, involves a comprehensive analysis and potential development of strategies to drive decarbonization...

• Type: Article
• Category: Environment

Kazakhstan's wheat rebound

08 May 2024 12. The country is projected to export 11.1 million tons of wheat in 2024-25, with burgeoning trade ties with China. An agreement has been reached to ship 200,000 tons of various agricultural commodities, including wheat, to China. However, logistical...

• Type: Article
• Category: Markets & trade

Suzano expands global presence

08 May 2024 slated to commence by the end of June. Additionally, the offer stipulates the cancellation of International Paper's agreement to acquire British competitor DS Smith, valued at around USD 9.9 billion. If successful, Suzano will gain control over 28 pulp,...

• Type: Article
• Category: South America

Wärtsilä powers cement plant production in Nigeria

07 May 2024 Long-term agreement secures operations (CW Group) Wärtsilä announces a ten-year Operations and Maintenance agreement for a Nigerian cement plant's captive power plant, enhancing its operational reliability and production capacity. The agreement, signed...

• Type: Article
• Category: Markets & Competition

Botswana to ban cement imports

07 May 2024 its local industry, enhance export potential, and reduce the trade deficit. By ratifying the African Free Trade Area Agreement (AfCFTA), Botswana further positions itself to tap into regional markets, fostering growth and economic development. Copyright...

• Type: Article
• Category: Markets & Competition

ND Paper expands with Wisconsin acquisition

06 May 2024 ND Paper's acquisition of Billerud's Wisconsin Water Quality Center and landfill in Wisconsin Rapids. The asset purchase agreement, finalized according to a Tuesday morning news release from ND Paper, solidifies ND Paper's ownership and operation of the...

• Type: Article
• Category: North America

Heidelberg Materials acquires Malaysia's largest fly ash supplier

03 May 2024 Driving sustainability and decarbonization in Southeast Asia (CW Group) Heidelberg Materials has finalized an agreement to acquire ACE Group, Malaysia's largest supplier of pulverized fly ash, effective May 1, 2024. This strategic move aims to bolster...

• Type: Article
• Category: Markets & Competition

CSN signs exclusive agreement to purchase InterCement

03 May 2024 Companhia Siderúrgica Nacional (CSN) has taken a significant step in its cement market expansion by securing an exclusive agreement to purchase InterCement. The deal, announced on Thursday, positions CSN to acquire 100 percent of InterCement's capital,...

• Type: Article
• Category: Markets & Competition

Optimarin boosts BWTS market position with Hyde Marine acquisition

02 May 2024 while enhancing its installed base of BWTSs and extending its global aftersales network. Under a definitive Asset Purchase Agreement with De Nora, Optimarin will acquire Hyde Marine's UV BWTS technology, products, inventory, and service and support work...

• Type: Article
• Category: Markets & trade

Phinma Group to invest in new cement facility in Davao

02 May 2024 manufacturing, storage, and bagging. In addition to the Davao venture, Philcement recently inked a manufacturing and sale agreement to operate the Petra plant in Zamboanga del Norte, catering to the Northern Mindanao market with a cement grinding...

• Type: Article
• Category: Plant Expansions

FLSmidth Cement signs service pact with TITAN Group

02 May 2024 Expanding service agreement enhances cement industry efficiency (CW Group) FLSmidth Cement announces a significant milestone with the signing of a new two-year global service agreement with TITAN Group. Covering 14 cement plants, three grinding plants,...

• Type: Article
• Category: Markets & Competition

OceanPal scores lucrative deal for Capesize vessel

01 May 2024 Strategic agreement propels OceanPal's growth trajectory (CW Group) Investing.com reports that OceanPal Inc. has secured a lucrative time charter contract for its Capesize dry bulk vessel, marking a significant increase in charter rate and revenue...

• Type: Article
• Category: Markets & trade

HERIGE Group finalizes sale

01 May 2024 HERIGE Group concludes agreement with SAMSE Group for business divestment (CW Group) HERIGE Group, according to ActusNewswire, announces the completion of its agreement with the SAMSE Group for the definitive sale of its Building Materials Trading,...

• Type: Article
• Category: Construction

Diana Shipping secures time charter contract for panamax vessel

30 April 2024 Company anticipates revenue boost amidst charter agreement (CW Group) Diana Shipping Inc., a prominent player in the global shipping industry, has inked a time charter contract through its subsidiary for one of its Panamax dry bulk vessels, the m/v...

• Type: Article
• Category: Markets & trade

Diana Shipping secures time charter contract

29 April 2024 New charter agreement boosts fleet revenue (CW Group) Diana Shipping, according to Globe Newswire, has inked a time charter contract with Bulk Trading SA for its Ultramax dry bulk vessel, the m/v DSI Phoenix. Under the agreement, the vessel will be...

• Type: Article
• Category: Markets & trade

Green steel partnership forges ahead

29 April 2024 Pioneering collaboration shaping sustainable building materials (CW Group) TradeArabia shares a landmark agreement between SSAB and Nordec, marking a significant stride towards the adoption of fossil-free steel in construction projects. This...

• Type: Article
• Category: Other

Adani Group awards haulage contract to Orissa Bengal Carrier

29 April 2024 announced a contract to transport around 1.80 million metric tons of materials for Ambuja Cement, marking a substantial agreement for the goods transporter. The company clarified that the contract falls within the ordinary course of business and does...

• Type: Article
• Category: Markets & Competition

Delays in Dalmia's acquisition of Jaypee Cement

29 April 2024 and uncertainties regarding previous joint ventures with SAIL contribute to the setbacks. Dalmia had signed a definitive agreement in 2022 for the acquisition, valued at over INR 5,500 crore. However, no specific timeline was initially provided for...

• Type: Article
• Category: Mergers & Acquisitions

Hoffmann Green - Ravate pact renewed until 2028

29 April 2024 completion of numerous construction projects and the distribution of eco-friendly cement across the region. The renewed agreement emphasizes Ravate Group's commitment to environmentally conscious construction practices, ensuring the availability of...

• Type: Article
• Category: Environment