European shares inched higher on Thursday as mining stocks tracked a jump in commodity prices and helped outweigh the impact from a clutch of disappointing earnings reports from companies including Airbus and Orange. The pan-European STOXX 600 was up 0.1%, with miners jumping 2.5% as copper prices...
https://www.hellenicshippingnews.com/rally-in-mining-stocks-helps-europe-shake-off-earnings-gloom/
Cargo traffic at 12 major ports dropped by 7.44% to 542.13 million tonnes (MT) during April-January this fiscal, compared with 585.73 MT in the year-ago period. India’s top-12 ports witnessed a considerable decline in cargo traffic for the tenth straight month in January to 542.13 million tonnes...
https://www.hellenicshippingnews.com/indias-top-ports-witness-decline-in-traffic-for-tenth-month/
Kalmar, part of Cargotec, has been awarded a contract to supply Hutchison Ports ECT Rotterdam (ECT) with a total of 10 hybrid straddle carriers for its ECT Delta terminal in Rotterdam, the Netherlands. The order was booked in Cargotec’s 2021 Q1 order intake, with delivery expected to be completed...
Kawasaki Kisen Kaisha, Ltd. (“K”LINE) has decided to adopt Artificial Intelligence(AI) developed by Bearing,Inc. for the ship ICT system “Kawasaki Integrated Maritime Solutions” on 300+ ships under our operation for the purpose of improving performance evaluation accuracy. By combining the high-quality data collection technology that we have made over 20years with the world’s most advanced …
The post K-Line: Adopting full scale of AI data analysis technology forenvironmental...
Saudi Arabia’s crude stockpiles dropped to their lowest on record in December as the OPEC kingpin continued to push out more exports with direct use falling even more, according to data from the Joint Organisations Data Initiative. Stocks ended the month at 140 million barrels, down from 143.4...
The Panama Canal announced today that it will modify its transit reservation fees and other maritime services (OMS) in order to better respond to evolving market changes and manage its capacity in the face of growing demand. Going into effect on April 15, changes to the transit reservation system...
Oil prices rallied again on Thursday to hit 13-month highs as concerns that a rare cold snap in Texas could disrupt U.S. crude output for days or even weeks prompted fresh buying. Brent crude was up 56 cents, or 0.9%, at $64.90 a barrel at 0744 GMT, after rising to $65.62 earlier in the session, …
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Saudi Arabia’s crude oil exports rose for a sixth straight month to an eight-month peak in December 2020, official data showed. Exports rose to 6.495 million barrels per day (bpd), highest since April 2020, from November’s 6.35 million bpd. The world’s largest oil exporter’s total crude and oil...
https://www.hellenicshippingnews.com/saudi-crude-exports-hit-eight-month-peak-in-december-2020/
The good start to 2021 for bulk carriers is set to continue beyond this year, according to Shipping Strategy Ltd, the UK based shipping market research and consultancy business. Shipping Strategy MD, Mark Williams, formerly Head of Research at Braemar and Affinity, has made the prediction in the...
Golden Ocean Group Limited is contemplating to enter into a transaction (the “Transaction”) for the acquisition of 18 modern scrubber fitted dry bulk vessels consisting of 10x Newcastlemaxes built 2019-21 and 8x Kamsarmaxes built 2020-21 (the “Vessels”) from affiliates of Hemen Holding Limited, a company indirectly controlled by trusts established by Mr. John Fredriksen for …
The post GOGL – Acquisition of 18 dry bulk vessels and contemplated private placement of USD 338 million first appeared...