Baltic dry bulk index rises

13 May 2024 Noteworthy weekly performance in shipping rates (CW Group) India Shipping News reports that the Baltic Exchange's main sea freight index experienced its most robust week in over two months, despite a slight daily decline attributed to weakness in the...

• Type: Article
• Category: Markets & trade

Hydrogen-powered vessels set to transform industry

13 May 2024 Maris Fiducia pioneers eco-friendly shipping with hydrogen-powered bulk carriers (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Marine Link writes that Maris Fiducia Norway...

• Type: Article
• Category: Equipment & technology

Pangaea expands bulk fleet with Supramax acquisition

10 May 2024 of 17 chartered-in vessels in the first quarter of this year, Pangaea continues to strengthen its position in the bulk shipping market. Beyond its bulker operations, Pangaea is involved in terminal operations and stevedoring services across various...

• Type: Article
• Category: Markets & trade

Iron ore imports surge in China amid lower prices

10 May 2024 iron ore imports in April saw a modest increase of 1.1 percent compared to the previous month, according to Hellenic Shipping News. The country, the world's largest consumer of iron ore, imported 101.82 million metric tons of the crucial steelmaking...

• Type: Article
• Category: Markets & trade

Australia Issues 180-day ban on bulk carrier

10 May 2024 Safety breaches lead to shipping suspension (CW Group) Gcaptain shares a 180-day ban imposed by the Australian Maritime Safety Authority (AMSA) on the Indian-flagged bulk carrier Darya Shaan due to recurrent safety violations. The AMSA's inspection at...

• Type: Article
• Category: Shipping & logistics

Coastal bulk freight index climbs in April

10 May 2024 Market fluctuations drive shipping costs (CW Group) English.news.cn unveils the latest data from the Shanghai Shipping Exchange (SSE), indicating a 1.4 percent increase in China's coastal bulk freight index for April. In April, the composite index for...

• Type: Article
• Category: Markets & trade

Revolutionary cranes set sail for port of Chancay

10 May 2024 content you tried to access is only available to paid subscribers.","link":"1"}]ZPMC, in collaboration with Cosco Shipping Corporation Limited, has dispatched the inaugural shipment of five automatic cranes to the Port of Chancay, marking a pivotal...

• Type: Article
• Category: Ports & handling

Baltic index surges to monthly high

09 May 2024 Rising rates propel dry bulk market growth (CW Group) Hellenic Shipping News reports that the Baltic Exchange's main sea freight index surged to a more than one-month high, driven by robust performance across vessel segments. The index rose by 120...

• Type: Article
• Category: Markets & trade

Busy shipping activity at port Qasim

09 May 2024 port operations (CW Group) According to the Associated Press of Pakistan (APP), Port Qasim in Karachi witnessed bustling shipping activity with multiple vessels arriving and departing within the past 24 hours. Six ships, including MSC Roma and Maersk...

• Type: Article
• Category: Ports & handling

China Merchants' investment elevates newcastlemax shipbuilding

09 May 2024 Insights into China's strategic move in shipbuilding (CW Group) Splash247.com writes that China Merchants Shipping has made a significant investment of USD 1.4 billion to bolster the global Newcastlemax shipbuilding orderbook, signaling a strategic...

• Type: Article
• Category: Markets & trade

Shipping giant Zhengde's expansion saga

09 May 2024 The company's proactive stance aligns with evolving environmental regulations and rising demand for eco-friendly shipping solutions. Navigating through challenges like canal disruptions and geopolitical tensions, the bulk shipping industry anticipates a...

• Type: Article
• Category: Markets & trade

Lucky Cement celebrates its first cement shipment to Comoros

08 May 2024 of cement loaded by the company, underscoring its commitment to innovation and expansion in the global market. Victor Shipping Middle East was responsible for shipping it to Comoros under the leadership of Captain Vijay Kumar. This remarkable feat...

• Type: Article
• Category: Markets & Competition

Thunder Bay port thrives in early shipping season

08 May 2024 YoY (CW Group) TBnewsWatch.com writes that the Port of Thunder Bay is off to an exceptionally strong start in the current shipping season, with CEO Chris Heikkinen describing operations as "firing on all cylinders." Cargo shipments through the port have...

• Type: Article
• Category: Ports & handling

Brazilian grains port unfazed by torrential rain

08 May 2024 informs that despite torrential rains wreaking havoc in Brazil's southernmost state, operations at a major grains shipping hub in Rio Grande do Sul remain unaffected, according to the port authority. Heavy rains and flooding have devastated large...

• Type: Article
• Category: Shipping & logistics

Baltic dry index rises to six-week peak

08 May 2024 Unveiling the Latest Trends in Bulk Shipping (CW Group) Marine Link highlights the Baltic Exchange's dry bulk sea freight index reaching its highest level in over six weeks, buoyed by a surge in the large vessel segment. The overall index,...

• Type: Article
• Category: Markets & trade

Iron ore prices hold firm amid property stimulus hopes

08 May 2024 Analyzing factors impacting iron ore futures (CW Group) Hellenic Shipping News reports on the stability of iron ore prices amidst discussions of property stimulus measures and post-holiday restocking at furnaces. Iron ore futures remained largely...

• Type: Article
• Category: Markets & trade

Indian rail freight inches up in April

08 May 2024 [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]India Shipping News delves into the latest figures revealing a modest 1.45 percent growth in Indian Railways' freight volumes for April....

• Type: Article
• Category: Markets & trade

Vintage capes set market abuzz

07 May 2024 Explore the Latest Deals and Trends in Bulk Shipping (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]In recent market activity reported by Splash247.com, vintage capesize...

• Type: Article
• Category: Markets & trade

Indocement reports sales growth

07 May 2024 to IDR 876 billion, attributed to higher sales volume and additional operations in Semen Grobogan, including increased shipping and advertising costs. Indocement maintained a robust net cash position of IDR 2.5 trillion as of March 31, 2024, ensuring...

• Type: Article
• Category: Markets & Competition

CMA CGM introduces peak season surcharges for Asia to East Africa routes

07 May 2024 and other destinations will incur a surcharge of USD 300 to USD 600. These adjustments reflect the dynamic nature of the shipping industry and aim to ensure sustainable service provision amid evolving market conditions. Copyright CW Group. All rights...

• Type: Article
• Category: Markets & trade