Grindrod

The plunge in dry bulk shipping: Ominous signal on China’s economy?

photo of a dry bulk ship unloading in China

It wasn’t just container shipping that raked in the cash last year. Dry bulk shipping enjoyed its best year in a decade. This year is different.

Container shipping spot rates have fallen, but contract rates are up, supporting average rates. Ongoing port congestion is still tying up container ships and partially offsetting a pullback in cargo demand. Container lines will earn even more in 2022 than 2021.

Not so in dry bulk. Spot rates have nosedived and bulker owners are far more exposed to spot...

https://www.freightwaves.com/news/the-plunge-in-dry-bulk-shipping-an-ominous-signal-on-chinas-economy

MSC makes surprise €5.7bn bid for the jewel in Bolloré’s African crown

MSC’s surprise last-minute €5.7bn bid to acquire Bolloré Africa Logistics from under the noses of its ocean carrier rivals represents a change of direction for the Aponte family business.
Hitherto, MSC has relied on organic growth to rise to the top of the container line rankings, and has shied away from large-scale involvement in logistics in its role as the self-appointed liner ‘darling’ of the freight forwarding sector.
It is thought, however, …

The post MSC makes surprise €5.7bn bid for the...

https://theloadstar.com/msc-makes-surprise-e5-7bn-bid-for-the-jewel-in-bollores-african-crown/

Maersk to form joint venture with Grindrod in South Africa

A.P. Moller – Maersk aims to partner with Grindrod Limited to provide logistics solutions in order to enhance its capabilities as a global integrator of logistics in South Africa.

Through this proposed joint venture, the logistics activities of Grindrod Intermodal business and the ocean activities of Ocean Africa Container Lines (OACL) will complement Maersk’s current ocean capabilities and logistics & services, enabling customers seamless access to a wider range of end-to-end supply chain...

https://container-news.com/maersk-to-form-joint-venture-with-grindrod-in-south-africa/

China bulker pileup dwarfs California container-ship gridlock

shipping

Container vessels stuck at anchor off California are grabbing the headlines. But there’s another massive shipping traffic jam out there, one that’s holding up even more cargo.

This other, less-publicized tale of seaborne gridlock is set in China and it’s not about container ships, it’s about dry bulk carriers.

Bulker congestion has now risen to historic highs as China enforces stricter COVID rules for arriving vessels. And what happens in China will be felt in America. Every bulker stuck at...

https://www.freightwaves.com/news/china-bulker-pileup-dwarfs-california-container-ship-gridlock

No letup yet in dry bulk shipping’s ‘remarkable rally’

dry bulk

Container shipping dominates the headlines, but in its shadow, dry bulk shipping is posting its best first half in a decade. Dry bulk, which is notorious for abruptly losing momentum, is still going strong.

“This year’s remarkable rally is yet to run out of steam,” said Maritime Strategies International in its latest outlook.

“The dry cargo market has taken many by surprise. The rally continues,” said Nick Ristic, lead dry cargo analyst at Braemar ACM Shipbroking.

Rates for Capesize ships (bulkers...

https://www.freightwaves.com/news/no-letup-yet-in-dry-bulk-shippings-remarkable-rally

Shipping bulls are back: First container stocks, now dry bulk

dry bulk

Container shipping rises first and highest, then dry bulk, then product tankers, then crude tankers. That’s the emerging consensus on how a post-COVID global recovery will play out in ocean shipping. Phase one — containers — is now in epic full swing. Phase two — dry bulk — is ramping up fast.

Dry bulk is “off to the races,” maintained Cleaves Securities analyst Joakim Hannisdahl in his new quarterly outlook. Stifel analyst Ben Nolan foresees a possible “dry bulk Shangri-La.” As Braemar ACM...

https://s29755.pcdn.co/news/shipping-bulls-are-back-first-containers-now-dry-bulk

Is dry bulk shipping’s strange Q1 a sign of strength to come?

Dry bulk ships

It has been a particularly strange Q1 for dry bulk shipping. Usually, the larger ships — Capesizes with capacities of around 180,000 deadweight tons (DWT) that carry iron ore and coal — do poorly all quarter. This year, they did better in January than they had in a decade before succumbing to their usual slump.

Then came another oddity: The smaller bulkers began earning much more money than the Capesizes. As of Tuesday, Handysize bulkers (up to 35,000 DWT) were earning $19,400 per day, according...

https://s29755.pcdn.co/news/is-dry-bulk-shippings-strange-q1-a-sign-of-strength-to-come

Progress With New Liquid Bulk Facility at the Port of Ngqura

Jan Beute

TNPA has already completed Phase 1 of the infrastructure required to service the site. It includes the construction of a new access road from the N2 to the location where Oil Tanking Grindrod Calulo Holdings (OTGC), the private terminal operator, will build the new Tank Farm. TNPA also completed the detailed design of the new Port Entrance Plaza and the new main access road, including the pipe line servitude that will form the link between the new Tank Farm and the port.

Phase 2 will commence...

http://www.sashippingnews.com/2018/10/15/progress-with-new-liquid-bulk-facility-at-the-port-of-ngqura/

Shipping Deal Makes Waves on SA Maritime Scene

President Cyril Ramaphosa, Durand Naidoo and Thuso Mhlambi

Childhood friends Durand Naidoo and Thuso Mhlambi have realized a lifelong ambition by becoming the first 100% black owned ship-owners in South Africa.

The 33-year-old owners of Linsen Nambi, the company they started in 2012, made maritime history as youth owners when they bought Grindrod’s Unicorn Bunker Services.

With their female empowerment partners, Women in Oil and Energy, they became the role model for the Government’s initiative to unlock transformation in the maritime – and liquid fuels...

http://www.sashippingnews.com/2018/08/15/shipping-deal-makes-waves-on-sa-maritime-scene/

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