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Wärtsilä powers cement plant production in Nigeria 07 May 2024 Long-term agreement secures operations (CW Group) Wärtsilä announces a ten-year Operations and Maintenance agreement for a Nigerian cement plant's captive power plant, enhancing its operational reliability and production capacity. The agreement, signed... Type: Article Category: Markets & Competition Indocement reports sales growth 07 May 2024 in Q1 2024. Operating expenses rose by 6.6 percent 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... Type: Article Category: Markets & Competition Zhenghe Petrochemical slashes petroleum coke prices 07 May 2024 at approximately 2.0 percent. The company's daily production capacity for petroleum coke stands at 600 tons, with operations running smoothly. This price adjustment by Zhenghe Petrochemical underscores a notable shift in the petroleum coke market,... Type: Article Category: Pricing Uruguay's pulp paradigm shift: From meat to fiber 07 May 2024 is expected to continue. The advantages of the pulp sector lie in its exemption from tariffs and the resilience of its operations, which operate at full capacity regardless of external market fluctuations. As a result, while meat faces challenges such... Type: Article Category: South America Arauco's green light for factory construction 07 May 2024 a significant step forward for the Chilean company's ambitious venture, estimated at R$ 15 billion. Scheduled to begin operations in 2028, the factory will feature two production lines, each capable of producing 2.5 million tons of cellulose annually,... Type: Article Category: South America Port of Weipa prepares for maintenance dredging 07 May 2024 Dredging operations underway (CW Group) North Queensland Bulk Ports Corporation (NQBP) is gearing up to commence maintenance dredging activities at the Port of Weipa, according to DredgingToday.com. Scheduled to kick off in mid-May 2024, the dredging... Type: Article Category: Ports & handling Lake Charles port makes waves in top 10 US ports 07 May 2024 the maritime landscape, surpassing ports like Los Angeles and establishing itself as a vital facilitator of diverse cargo operations. With its strategic location and extensive infrastructure, Lake Charles Harbor and Terminal District serves as a crucial... Type: Article Category: Ports & handling Bosphorus traffic halted 07 May 2024 disrupting the flow of vessels through one of the world's busiest maritime passages. As a precautionary measure, salvage operations are being coordinated, with vessels dispatched to the affected area to address the situation. The temporary suspension of... Type: Article Category: Shipping & logistics United Marine Egypt orders two bulk carriers from New Dayang 07 May 2024 of 69 bulk carriers among its 73 vessels on order. This steady stream of projects underscores the shipyard's robust operations, ensuring a busy schedule through 2027. The collaboration between UME and New Dayang represents a synergistic partnership... Type: Article Category: Markets & trade Expansion plans for Taman Port 07 May 2024 Port of Taman set to scale up operations (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]The Taman port and industrial park are gearing up for substantial growth, with plans... Type: Article Category: Ports & handling Navigational delight at Nikolaevsk-on-Amur port 07 May 2024 Port are multifaceted, encompassing the loading and unloading of dry cargo ships, passenger transport, and repair operations. Notably, the port's operations include the Nikolaevsk Sea Commercial Port and the Nikolaevsk-on-Amur EW fleet. Catering to... Type: Article Category: Ports & handling New record set for fertilizer exports at Zhenjiang Port 07 May 2024 were undertaken to ensure the timely departure of the vessel, underscoring the commitment to supporting enterprise operations. With meticulous attention to safety, experienced pilots guided the "Tian Hou" through challenging waters, navigating through... Type: Article Category: Ports & handling FSA reconstitutes Raysut Cement Company’s Board of Directors 06 May 2024 the new board will address liquidity issues in the short term to achieve financial stability and ensure uninterrupted operations. All financial and operational matters of Raysut Cement Company will be closely monitored by the FSA through the newly... Type: Article Category: Markets & Competition Heinzel launches new paper machine in Steyermühl 06 May 2024 of a new paper machine at its Steyrermühl site in Austria, marking a significant advancement in the company's operations. The newly installed machine is designed to produce up to 150,000 metric tons per year of brown and white lightweight kraft paper,... Type: Article Category: Europe & Central Asia ND Paper expands with Wisconsin acquisition 06 May 2024 Purchase strengthens operations in Wisconsin Rapids (CW Group) WRT writes that ND Paper's acquisition of Billerud's Wisconsin Water Quality Center and landfill in Wisconsin Rapids. The asset purchase agreement, finalized according to a Tuesday morning... Type: Article Category: North America Oji's financial struggles 06 May 2024 setback for Oji Fibre Solutions, a leading paper milling and packaging company. Last year, the company's New Zealand operations experienced a stark downturn, transitioning from a profit of USD 52 million in 2022 to a staggering loss of USD 103 million... Type: Article Category: Australasia Serpa boosts Jakspel's productivity 06 May 2024 features four feeding channels, and includes an automatic trim extractor, ensuring efficiency and precision in its operations. The installation of the LS-150.4 Plus at Jakspel's conversion unit in Manaus signifies a significant leap forward for the... Type: Article Category: South America World's largest cellulose factory launches 06 May 2024 largest cellulose factory in the world, a monumental achievement by Suzano's Cerrado Project, is set to commence operations, according to Compre Rural. Suzano's Cerrado Project unveils the world's largest cellulose factory, located in Ribas do Rio... Type: Article Category: South America Lomar's rapid expansion in bulk shipping 06 May 2024 its latest acquisition, marking its ninth vessel addition in just one year. The newly named EBURY TRADER, set to commence operations this month, represents part of Lomar's significant investment totaling over USD 127 million in drybulk vessels within... Type: Article Category: Markets & trade Panama Canal sees recovery amid El Niño drought 06 May 2024 The drought, exacerbated by the El Niño phenomenon, led to historically low water levels in Gatun Lake, impacting canal operations and prompting authorities to limit ship passages. While recent rainfall alleviated immediate concerns, experts caution... 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