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

Port of Weipa prepares for maintenance dredging

07 May 2024 roads and rail lines for efficient freight transport, regular dredging operations are essential for sustaining navigable shipping depths and supporting uninterrupted port activities. The dredging operations will adhere to stringent environmental...

• Type: Article
• Category: Ports & handling

Bosphorus traffic halted

07 May 2024 Shipping standstill in Istanbul Strait (CW Group) Traffic in Turkey's Bosphorus came to a standstill as a bulk carrier experienced engine failure at the southern end of the straits, reported Reuters. According to shipping agent Tribeca, the incident...

• Type: Article
• Category: Shipping & logistics

Grain wagon queue shrinks at Odesa Ports

07 May 2024 Decline in accumulation eases shipping concerns (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Recent data from Valeriy Tkachev, Deputy Director of the Commercial...

• Type: Article
• Category: Ports & handling

Ince Shipping's ultramax acquisition

06 May 2024 Turkish owner expands fleet (CW Group) Ince Shipping, a prominent Turkish owner specializing in supramaxes, has finalized its first acquisition of the year, sealing a deal for a modern ultramax vessel. Reports indicate that Ince Shipping has been...

• Type: Article
• Category: Markets & trade

Bahrain's Newcastlemax advancement

06 May 2024 with the implementation of optimized strategies. This initiative signifies Bahrain's commitment to advancing its bulk shipping capabilities, ensuring sustainable growth and increased competitiveness in the global market. Copyright CW Group. All rights...

• Type: Article
• Category: Markets & trade

Port Qasim cargo handling update

06 May 2024 Vibrant shipping scene unfolds at Port Qasim (CW Group) Shipping activity at Port Qasim was bustling as reported by the Associated Press of Pakistan (APP). Seven prominent vessels, including Maersk Nyassa and Gaslog Geneva, anchored at various...

• Type: Article
• Category: Ports & handling

Ince Shipping's ultramax acquisition

06 May 2024 Turkish owner expands fleet (CW Group) Ince Shipping, a prominent Turkish owner specializing in supramaxes, has finalized its first acquisition of the year, sealing a deal for a modern ultramax vessel. Reports indicate that Ince Shipping has been...

• Type: Article
• Category: Markets & trade

JSW Infrastructure's ambitious expansion plans

06 May 2024 Investment set to transform cargo handling (CW Group) India Shipping News reports that JSW Infrastructure Ltd is gearing up for a substantial investment exceeding INR 2,500 crore in the fiscal year 2025 to amplify its cargo handling capabilities. By...

• Type: Article
• Category: Shipping & logistics

Lomar's rapid expansion in bulk shipping

06 May 2024 Investments propel fleet growth (CW Group) Lomar's aggressive expansion in the bulk shipping sector is evident with its latest acquisition, marking its ninth vessel addition in just one year. The newly named EBURY TRADER, set to commence operations...

• Type: Article
• Category: Markets & trade

Panama Canal sees recovery amid El Niño drought

06 May 2024 to mitigate water shortages and ensure canal operations. The drought's impact extends beyond canal operations, affecting shipping routes and toll prices. Dry bulk ships, facing delays and increased costs, may opt for alternative routes to avoid higher...

• Type: Article
• Category: Shipping & logistics