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Himalaya's fleet expansion 07 June 2024 charter with a major Japanese shipping company, spanning 22 to 26 months, with the possibility of extension. The charter agreement includes an index-linked rate, reflecting a premium to standard Capesize vessel rates, along with profit-sharing... Type: Article Category: Markets & trade CRH sells Polish lime operations to SigmaRoc 06 June 2024 earnings before interest, tax, depreciation, and amortization in 2022. SigmaRoc informed investors of the share purchase agreement for CRH's Polish operations. This strategic divestment is part of CRH's active portfolio management, providing capital for... Type: Article Category: Markets & Competition Hoffmann Green announces the launch of the first unit in Saudi Arabia 06 June 2024 in Saudi Arabia, according to Hoffmann Cements. The foundation stone was laid at the Rabigh site following a licensing agreement with the Shurfah Group, a Saudi conglomerate. This 22-year exclusive agreement includes the construction of four Hoffmann... Type: Article Category: Plant Expansions Fossil fuel shipping faces financial peril in energy transition 06 June 2024 reduction in profits for companies shipping fossil fuel cargoes on a decarbonization trajectory aligned with the Paris Agreement. Furthermore, shipowners could witness a devaluation of assets by around USD 100 billion by 2030, with a quarter to a third... Type: Article Category: Markets & trade Alpha Adriatic's ship sale 06 June 2024 sale represents a pivotal move in Alpha Adriatic's expansion strategy. Simultaneously, Alpha Adriatic has secured an agreement with Stem Marine for the technical and crew management of the vessel, further enhancing its service offerings and client base.... Type: Article Category: Markets & trade Brazil's coffee exports rise 06 June 2024 content you tried to access is only available to paid subscribers.","link":"1"}]According to Vozmt, Brazil seals a pivotal agreement with China poised to significantly elevate coffee exports. During his visit to China, Vice President and Minister of... Type: Article Category: Markets & trade BBVA to finance Cementos Avellaneda's sustainable goals 05 June 2024 you tried to access is only available to paid subscribers.","link":"1"}]BBVA Argentina has announced a long-term financing agreement with Cementos Avellaneda to support the company's sustainability objectives, according to Infobae. The financing line,... Type: Article Category: Environment Diana Shipping secures charter contract for m/v Polymnia 05 June 2024 Shipping Inc. has announced a new time charter contract for its Post-Panamax dry bulk vessel, the m/v Polymnia. Under the agreement with Reachy Shipping (SGP) Pte. Ltd., the m/v Polymnia will be chartered at a gross rate of USD 17,500 per day, expected... Type: Article Category: Markets & trade Progroup expands with Stockstadt mill acquisition 05 June 2024 move within the industry, according to Paper Age. Officially taking over on May 7, Progroup had initially inked the agreement with Sappi back in November 2023. The Stockstadt Mill, boasting an integrated setup, holds a substantial production capacity of... Type: Article Category: Europe & Central Asia Smurfit Kappa expands in Eastern Europe 05 June 2024 will be seamlessly integrated into Smurfit Kappa's extensive bag-in-box operations across Europe. Financial details of the agreement were not disclosed. Massimiliano Bianchi, CEO of Smurfit Kappa Bag-in-Box, emphasized the strategic significance of the... Type: Article Category: Europe & Central Asia BALCO and UltraTech collaborate on low-carbon cement production 04 June 2024 Fly ash supply agreement advances sustainability goals (CW Group) Bharat Aluminum Company Limited (BALCO) has partnered with UltraTech Cement Limited to produce low-carbon cement, according to Al Circle. BALCO will supply 75,000 metric tons of fly ash... Type: Article Category: Environment Steel market stirred by Vietnamese imports 04 June 2024 priced imports, potentially causing further strain on the industry. However, Vietnam's inclusion in India's free trade agreement with ASEAN countries complicates the matter, as tariffs cannot be imposed to balance trade. Experts predict a continued... Type: Article Category: Other Vessel acquisition deal 04 June 2024 vessel to its fleet (CW Group) Safe Bulkers, Inc., an international dry bulk transportation service provider, announced an agreement to acquire a Japanese-built, 82,000 dwt Kamsarmax class vessel. According to GlobeNewswire, this new build is scheduled... Type: Article Category: Markets & trade New Charter Agreement 04 June 2024 expects to receive two methanol dual fuel new-building Kamsarmax vessels by late 2027 and early 2028. This new charter agreement underscores Diana Shipping’s strategic fleet management and continued dry bulk shipping market growth. Copyright CW Group.... Type: Article Category: Markets & trade Greek bulkers upgrade 04 June 2024 and install its Groke Pro Situational Awareness System on two bulk carriers operated by Greek interests, writes AJOT. This agreement follows the success of the system in Japan, particularly on the MC Shipping-owned Pyxis Ocean. The Groke Pro system will... Type: Article Category: Equipment & technology Italy: Federbeton partners with GSE to decarbonize the cement industry 03 June 2024 Manager (GSE) to advance the decarbonization of the Italian cement and concrete supply chain, according to Ansa. The agreement focuses on increasing renewable energy use and enhancing production plant efficiency. The collaboration includes testing new... Type: Article Category: Environment Holcim and SLB join forces for decarbonization in Algeria 03 June 2024 New partnership to explore carbon capture in Algeria (CW Group) Holcim El-Djazaïr and SLB have signed an agreement to explore carbon capture and storage (CCS) opportunities in Algeria, according to Petroleum Africa. This collaboration aims to find... Type: Article Category: Environment Metsä Group finalizes wood supply business divestment 03 June 2024 strategic divestment has no significant financial impact on Metsä Group's wood supply and forest services operations. The agreement includes long-term pulpwood and chips deliveries to Metsä Group, ensuring continuity in the supply chain. Additionally,... Type: Article Category: Europe & Central Asia Vanhui Shipping expands fleet with Ultramax newbuilds 03 June 2024 orders also include those from Franbo Lines, marking the Taiwanese bulker owner's inaugural newbuilding deal in China. The agreement entails the construction of four vessels, with one slated for early delivery in May 2025. Copyright CW Group. All rights... Type: Article Category: Markets & trade Bulk carrier lease deal 03 June 2024 Intercontinental Shipping, agreed to sell the vessel to Qihang Zhongzhou Leasing for approximately USD 29.8 million. The agreement includes a bareboat charter for leasing the vessel back to SEACON ANTWERP LTD and a guarantee deed with Intercontinental... 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