Since the end of 2016, we have been witnessing a rather impressive recovery being noted in the dry bulk market. Given that much hope has Source: Allied Shipbroking
https://www.hellenicshippingnews.com/allieds-weekly-market-report-week-41-2018/
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BlackRock Inc. Raises Holdings in Ship Finance International Limited
BlackRock Inc. grew its position in Ship Finance International Limited (NYSE:SFL) by 51.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,217,374 shares of the shipping company’s stock after purchasing...
SOGET and Microsoft: A strategic partnership for a secure digitization of ports in France and worldwide
SOGET, world specialist in Port Community Systems (PCS), and Microsoft, world leader in technology, are strengthening their partnership to offer a secure digital environment for maritime and port economy stakeholders. From US$1,500 billion in 2010, the added value of the world maritime economy...
Japan’s September vessel orders down 12% on year, outlook seen positive
Japanese shipbuilders received export orders for a total 668,098 gross tons across 17 vessels in September, down 12% year on year and down 43.7% from August, Japan Ship Exporters Association data released Monday showed. A JSEA official said that despite the decline, orders in September were still...
Coal exports fall 15% at Russia’s main European hub
Russia’s largest European coal export terminal at Ust-Luga, near St Petersburg, shipped 15% less coal in the first three quarters of the year amid infrastructure upgrades, operator Rosterminalugol said. Ust-Luga loaded 15.4m tonnes for export, down from 18.2m tonnes in January-September last year,...
https://www.hellenicshippingnews.com/coal-exports-fall-15-at-russias-main-european-hub/
Fall of Ulsan’s Shipbuilding Industry Leads to Pressure on Local Tax Coffers
Due to the fall of the shipbuilding industry in Ulsan, tax collected in the city’s Dong-gu district has declined sharply, causing setbacks to various government projects. In addition, government officials may not be receiving overtime fees and other benefits that were paid in the past. According to...
Konecranes wins port automation deal in the Middle East
Abu Dhabi Terminals (ADT) in Abu Dhabi, UAE, has selected Konecranes to be the supplier of an Automated Stacking Crane (ASC) system for the second phase of the building of its container terminal in Khalifa Port: the Khalifa Port Container Terminal (KPCT). This is an order for a total of 54...
https://www.hellenicshippingnews.com/konecranes-wins-port-automation-deal-in-the-middle-east/
OOCL Fleet Moves Forward to Meet IMO 2020 Regulation
Over the years, the industry has seen an increasing amount of attention given to the environmental impact from the global supply chain, resulting in regulations on emissions control and environmental protection becoming more stringent and widespread across the world. May it be in the form of...
https://www.hellenicshippingnews.com/oocl-fleet-moves-forward-to-meet-imo-2020-regulation/
Trump’s Trade War Is Driving Soybean Farmers to Corn
President Donald Trump’s trade war with China is set to prompt a shift in the U.S. farm industry as growers switch to other crops. Farmers probably will plant more corn for next year’s harvest at the expense of soybeans, Tim Brusnahan, vice president of consulting at Brock Associates, said Thursday...
https://www.hellenicshippingnews.com/trumps-trade-war-is-driving-soybean-farmers-to-corn/
Oil loading resumes at Russian Black Sea port of Novorossisk
Oil loading at the Russian Black Sea port of Novorossiisk has resumed after a storm, which had halted operations since the middle of last week, a spokesman for Russian pipeline operator Transneft said Monday. A bunker trader confirmed the news, with a buyer saying that bunker operations were...
https://www.hellenicshippingnews.com/oil-loading-resumes-at-russian-black-sea-port-of-novorossisk/