By Hugh Bronstein and Karl Plume BUENOS AIRES/CHICAGO, Nov 30 (Reuters) – A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the U.S. Great Lakes to Argentina – a journey that only makes economic sense because of the U.S.-China trade war. The ship is scheduled...
Bulk Shipping
Yanbu sets new record
Saudi Arabia’s Yanbu port recently worked the Jin Tai Feng, a bulk carrier loaded with more than 82,000 tons of corn. At 235 m in length, and with a draft of 13.5m, it is the largest ship the port has ever received and follows significant investment in the port to cater for bigger vessels.
Yanbu is one of the fastest growing ports in Saudi Arabia at the present time. Over the first 10 months of 2018, Yanbu Commercial Port handled a total of 3.33 million tons of cargo, up from 2.3 million tons in...
Trade War Finally Hits Commodity Shipping, Confounding Optimists
By Prejula Prem and Firat Kayakiran (Bloomberg) — The commodity shipping industry was expected to sail through the trade war unscathed. Tariffs were being slapped on hundreds of goods and yet shipping rates for dry bulk — the segment that hauls billions of tons of coal, iron ore and crops around...
Glencore Wins Cut to Coal Carrying Costs Out of Newcastle
By Melanie Burton MELBOURNE, Oct 8 (Reuters) – Australia’s competition regulator said on Monday the Port of Newcastle must reduce its charges for ships entering the port to carry coal for Glencore , in a big win for the global miner. The Australian Competition and Consumer Commission said Port of...
Cochin opens fourth cement terminal
The recent arrival in Cochin of the bulk carrier Penna Suraksha, transporting 25,000 tonnes of cement from Krishnapatnam, marked the start of operations at a new cement facility in the port, operated by Penna Cement. The terminal, the fourth dedicated to cement handling in the port of Cochin, is part of a concerted effort to promote coastal shipping as a
cost-effective and environment friendly alternative means of transportation as envisaged under the Sagarmala Programme of the Ministry of...
https://www.themaritimestandard.com/cochin-opens-fourth-cement-terminal/