Korean shipbuilding stocks have been rallying as expectations grow that the Korean shipbuilding industry will enjoy reflective benefits from US sanctions against China. According to the Korea Exchange on April 23, Hanwha Ocean closed at 34,750 won (US$25.35), down 2550 won, or 7.92 percent, from...
https://www.hellenicshippingnews.com/korean-shipbuilders-expect-to-benefit-from-us-china-conflict/
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for a third consecutive session on Wednesday, weighed down by weaker rates for the capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-on-falling-capesize-rates/
Two shipowners who were among the most prominent of their different generations have been inducted into the Greek Shipping Hall of Fame. Dimitris Manios (1952-1995) and Michael J. Pnevmatikos (1883-1969) were inducted in front of 560 shipping industry guests at the annual Induction Ceremony &...
Thailand’s Precious Shipping is calling upon the International Maritime Organization for more clarity and swift action on the UN agency’s greenhouse gases emissions cut rules, so that the dry bulk carrier can determine a viable fuel of choice as the company continues to rejuvenate its fleet to...
This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal , copper , alumina , cobalt , lithium , nickel and steel and scrap . We also explore what the next few months could …
Cut in June or not at all? The Bank of England is left parsing policy between a European Central Bank nailed on for cutting rates by mid-year and a U.S. Federal Reserve some feel may not beready to ease at all in 2024. Not for the first time, the BoE finds itself somewhere in the …
https://www.hellenicshippingnews.com/boe-tries-to-sail-a-mid-ocean-policy/
New orders for key U.S.-manufactured capital goods rose moderately in March and data for the prior month was revised lower, suggesting business spending on equipment was likely sluggish in the first quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business...
https://www.hellenicshippingnews.com/us-core-capital-goods-orders-rise-moderately-in-march/
Gelose Marine Services Ltd has joined Thordon Bearings’ extensive network of authorized distributors to further the “greening” of Nigeria’s fleet of domestic and international vessels with more sustainable bearing solutions. Based in Port Harcourt, Rivers State, Nigeria, Gelose has a diverse...
Asia’s naphtha margin extended gains on Wednesday after inventories at the Fujairah commercial hub declined to a six-week low, although gains were capped due to limited spot activity, traders said. The crack rose to $53.08 per metric ton over Brent crude, compared with $48.40 a day earlier in a...
The Board of Directors of the Port Authority of València (PAV), the contracting body, has been informed of the admission of the four bids submitted to the tender for the execution of the works for the container quay in the northern extension of the Port of València. These bids correspond to the...