Unlike the turbulence being experienced by many other commodities, iron ore prices have snoozed through the past seven months, staying locked in a narrow range. A shift in China’s winter pollution abatement strategy could cause iron ore prices to awaken, but it’s far from clear as to which way they...
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Pacific International Lines, IBM in blockchain trial to create electronic bill of lading
Singapore’s largest privately-owned shipping line, Pacific International Lines (PIL), has teamed up with IBM in another initiative to digitalise supply chain management. PIL and IBM will jointly undertake a blockchain trial to design and create an electronic bill of lading. The legal and commercial...
ShipsFocus Weekly Chemical Shipping Report, Week 40 2018
ShipsFocus Weekly Chemical Shipping Report, Week 40 2018 Source: ShipsFocus Intelligence Pte Ltd.
https://www.hellenicshippingnews.com/shipsfocus-weekly-chemical-shipping-report-week-40-2018-2/
Three vessels loaded at DTA coal terminal in week ended Oct 5; two docked at pier
Dominion Terminal Associates, based in Newport News, Virginia, loaded and exported 190,495 st of coal on three vessels in the week ended October 5, while two more are currently docked at the pier, according to company data. The terminal, which is owned by Arch Coal and Contura Energy and served by...
Korean shipyard shares likely to rebound
Shares of the nation’s big three shipyards _ Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) _ are expected to bottom out and rebound as they have clinched a series of shipbuilding orders this year. Analysts say they are likely to ink more...
https://www.hellenicshippingnews.com/korean-shipyard-shares-likely-to-rebound/
Decline in Iran’s Biggest Commercial Port’s Throughput
More than 37.67 million tons of commodities were loaded and unloaded in the southern Hormozgan Province’s Shahid Rajaee Port during the first half of the current Iranian year (March 21-Sept.22). This registered an 11.4% decrease compared with the similar period of last year, data released by the...
https://www.hellenicshippingnews.com/decline-in-irans-biggest-commercial-ports-throughput/
Tanker Market: VLCC’s On the Rise
VLCC Healthy activity combined with delays in the East saw rates climb 21 points in the Middle East Gulf to WS 80 for 270,000mt to China and Singapore and 280,000mt to the US Gulf was fixed five points higher to WS 32.5. West Africa to China moved in line with the Middle East Gulf with …
https://www.hellenicshippingnews.com/tanker-market-vlccs-on-the-rise/
Box growth buoys Canadian hubs
Canada’s four main container ports are going through a strong period of growth, writes Alex Hughes Canada’s container ports are enjoying a surge in volumes which is spurring necessary capacity expansions to cope with demand. Vancouver Fraser Port Authority for one is enjoying record-breaking...
https://www.hellenicshippingnews.com/box-growth-buoys-canadian-hubs/
US EPA delays introduction of new VGP requirements until March 2019
According to a recent Regulatory Update published by the classification society American Bureau of Shipping (ABS), the US Environmental Protection Agency’s (EPA) has further delayed the release its new Vessel General Permit (VGP 3.0). The proposed VGP 3.0 was originally scheduled to be issued for...
Rationale of Newcastle’s suitors
The Port of Newcastle, New South Wales, has reported explicit interest on the part of international terminal operators to develop a container terminal at the port, writes Mike Mundy. Craig Carmody, chief executive of the port, has publicly stated that the port has received a number of “unsolicited...
https://www.hellenicshippingnews.com/rationale-of-newcastles-suitors/