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Shipping giants slow down: record-low speeds for bulk carriers and containerships 02 October 2023 Container and bulk shipping sectors adopt slower speeds in 2023 (CW Group) Bulk carriers and containerships, two major shipping segments, have notably slowed down their vessels this year, impacting earnings in the industry. According to Clarksons... Type: Article Category: Shipping & logistics HMM Orders Quartet for Fleet Diversification 28 September 2023 will also be equipped with scrubbers, bulbous bows, and deflector fins. HMM's diversification efforts include ordering car carriers and considering a return to the gas sector through the takeover of Hyundai LNG Shipping. Additionally, they've expanded... Type: Article Category: Shipping & logistics Unprecedented growth challenges container shipping 26 September 2023 average of over 190,000 TEU per month. The past month alone saw 212,099 TEU of newbuilds delivered. This surge challenges carriers in managing excess vessel supply, as highlighted in Linerlytica's report. 2023 deliveries are set to reach 2.2 million... Type: Article Category: Shipping & logistics Ship It Zero report card published 25 September 2023 The Ship It Zero campaign released a report card evaluating major retailers and shipping carriers on their commitment to decarbonization and zero emissions fuels for maritime shipping (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to... Type: Article Category: Equipment & technology Hapag-Lloyd establishes Rotterdam-based ports division 19 September 2023 carrier's infrastructure assets will be consolidated. In this strategic move, Hapag-Lloyd joins the ranks of other major carriers such as MSC, Maersk, CMA CGM, and COSCO, all of whom have established separate ports divisions. Drewry's latest Global... Type: Article Category: Ports & handling VLCC sales surge in Asia 12 September 2023 Optimism rises in tanker charters (CW Group) Asia's demand for Very Large Crude Carriers (VLCCs) is on the rise, particularly for tankers aged between 10 and 15 years. VLCC owners are finally seeing positive signs as rates stabilize, with robust three-... Type: Article Category: Markets & trade Baltic Index surges on Capesize Rates 08 September 2023 Panamax rates also edged up 7 points to 1,473, with earnings climbing by USD 63 to USD 13,255 for these coal and grain carriers. Supramax vessels gained 20 points, a 1.9 percent rise, at 1,056. This surge indicates positive trends in the bulk shipping... Type: Article Category: Markets & trade UGA raises Ukrainian grain and oilseed export forecast 05 September 2023 for achieving these volumes. They are also actively collaborating with the European Commission to compensate European carriers involved in grain transport, aiming to reduce logistics costs for Ukrainian manufacturers. Efforts to enhance the Sulina... Type: Article Category: Markets & trade Vessel pays to expedite Panama Canal Passage 04 September 2023 responsible for prioritizing vessel transits, noted that rates have not hit a new high this year. Typically, LNG carriers secure the highest bids. Drought-induced reduced water levels have caused a growing queue of ships in recent months, leading to... Type: Article Category: Ports & handling World's second methanol-powered container ship launched 21 August 2023 similar to Maersk's first methanol-powered ship, carries an eco-friendly message with the slogan "The Greener Feeder Carriers of Choice." X-Press Feeders has secured a methanol supply agreement with OCI Global, with bunkering operations in Rotterdam,... Type: Article Category: Equipment & technology Star Bulk Carriers reports second quarter net income 17 August 2023 Star Bulk Carriers announced its financial results for 2Q2023, reporting a net income of USD 44.3 million and a daily Time Charter Equivalent (TCE) of USD 15,835 (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only... Type: Article Category: News Star Bulk Carriers: 8 percent Dividend Yield 15 August 2023 Star Bulk Carriers Corp has faced fluctuations in earnings due to changing dry bulk rates (CW Group) Despite a decrease in 2Q2023 earnings, the company has a diversified fleet and low operating expenses compared to peers, writes Seeking Alpha. They are... Type: Article Category: Markets & trade LCBO to phase out single-use paper bags 10 August 2023 Group) Customers are encouraged to bring their own reusable bags when shopping, while used cardboard boxes and eight-pack carriers will still be available for free. This move is expected to eliminate approximately 135 million paper bags annually from... Type: Article Category: North America Spartan increases cement tariffs by 1.5 times 10 August 2023 Minister Mikhail Mishustin signed a resolution unifying tariffs for maritime transport to Kaliningrad in July. Dry cargo carriers Sparta and Sparta II transported over 23,1600 tons of cargo in June. [/PAID] Copyright CW Group. All rights reserved.... Type: Article Category: Markets & Competition Baltic Dry Bulk Index Surges 13 July 2023 1,088. This increase was driven by a rise in rates across all vessel segments. The capesize index, representing large bulk carriers, witnessed a substantial boost of 115 points or 7.4 percent, reaching 1,665, the highest level in nearly two weeks.... Type: Article Category: Markets & Competition Baltic Dry Bulk Index Surges 13 July 2023 1,088. This increase was driven by a rise in rates across all vessel segments. The capesize index, representing large bulk carriers, witnessed a substantial boost of 115 points or 7.4 percent, reaching 1,665, the highest level in nearly two weeks.... Type: Article Category: Markets & trade Boxships congestion during Canada's port strikes 10 July 2023 each taking two to three days to process. This means that today's vessel count represents at least one week's backlog, and carriers are likely to stop accepting Canada west coast bookings. Talks between striking dockworkers and employers have resumed... Type: Article Category: Ports & handling Cement Business and Industry & Alternative Fuels and Raw Materials Brazil and LatAm 2024 02 July 2023 the latest opportunities, competitive dynamics, and market trends in the cement industry. Logistics companies and cargo carriers involved in the transportation of cement, clinker, slag, and petcoke to and from the region. Technologists and solution... Type: Article Category: Meetings Karachi Port and Port Qasim activity 27 June 2023 at the Outer Anchorage of Port Qasim, with several expected to take berths in the coming days, including LNG and container carriers. Two more container ships are scheduled to arrive at Port Qasim on June 27, 2023. Copyright CW Group. All rights... Type: Article Category: Ports & handling NUS Centre for Hydrogen Innovations hosts nine innovative projects 12 June 2023 creating disruptive technologies related to building a hydrogen economy in Singapore such as the development of hydrogen carriers and infrastructure. For instance, ammonia is known to be an effective hydrogen carrier and a potential carbon-free fuel,... 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