Genco Shipping’s first quarter financial insights

14 May 2024 Exploring Genco Shipping's Q1 performance (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Genco Shipping & Trading Limited recently unveiled its first quarter financial...

• Type: Article
• Category: Markets & trade

Bulk Shipping’s data-driven future

14 May 2024 and collaboration in the digital transformation of the bulk carrier industry. Oldendorff Carriers, a leading dry bulk shipping company with a fleet of approximately 120 vessels, is spearheading digital innovation. With a massive investment in onboard...

• Type: Article
• Category: Markets & trade

Fedrigoni's paper mill restructuring shakes industry

13 May 2024 sales, Fedrigoni Group, according to Pordenone Today, has opted to sell a department of its paper mill and outsource shipping services to a cooperative. Facing market challenges, Fedrigoni is undergoing significant transformations, including a change in...

• Type: Article
• Category: Europe & Central Asia

Vietnam Shipyard launches largest bulk carrier

13 May 2024 the Truong Minh Dream 01 sets new standards in modern bulk carrier construction. Nguyen Van Chi, Director of Dong Bac Shipping Industry JSC, the vessel's operator, highlights its advanced features, including superior resistance, propulsion, fuel...

• Type: Article
• Category: Equipment & technology

Norden expands cape fleet

13 May 2024 seven ships. This move underscores Norden's commitment to enhancing its capabilities and leveraging synergies in the bulk shipping sector. In a separate development, Norden's decision to order four capesize newbuildings earlier in February signifies its...

• Type: Article
• Category: Equipment & technology

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