Kuwait will soon issue new tenders for the completion of Mubarak Al-Kabeer Port which the OPEC member started two years ago as part of China’s Belt and Road Initiative, a Kuwaiti newspaper reported on Wednesday. After completing most work in the Port in Bubiyan Island, the Gulf emirate is expected...
https://www.hellenicshippingnews.com/kuwait-to-issue-tenders-for-mubarak-port/
Prompt and seamless exchange of accurate information is essential for a robust logistics network. With ThinkPrime and Delpa Group, BlueBox Systems, a leading developer of intelligent air freight tracking solutions, welcomes two new customers for its state-of-the-art air freight tracking programming...
https://www.hellenicshippingnews.com/new-customers-for-bluebox-systems-air-freight-tracking-api/
Join us for a series of activities that exemplify our commitment to driving the maritime industry forward. From the launch of Global Maritime Trends 2050, to our Container Ship Forum and SHE_SEES exhibition, we look forward to sharing our insights and engaging in discussions with you to help shape...
https://www.hellenicshippingnews.com/lr-at-london-international-shipping-week/
USD: A little early to chase the dollar lower In the end, the dollar tracked US yields and marginally softened after yesterday’s FOMC rate decision and press conference. Fed Chair Jerome Powell delivered another credible performance, and it seemed that markets – perhaps because of positioning –...
https://www.hellenicshippingnews.com/fx-daily-fed-patience-provides-breathing-room-for-risk-assets/
Venezuela’s state oil company PDVSA last month began selling spot cargoes of petroleum coke to Maroil Trading, the largest exporter of the country’s oil byproduct, to avoid a total halt in shipments amid contract negotiations, documents showed. PDVSA and Maroil have been in discussions over the...
South Korea’s No. 1 container transportation and shipping service HMM Co., Ltd on Monday said the Carbon Intensity Indicator (CII), which measures greenhouse gas emissions, rated 66 (99%) of the company’s 67 directly owned ships suitable for operation with preliminary grades of A to D. An...
https://www.hellenicshippingnews.com/nearly-all-hmm-ships-meet-intl-co2-rules/
Demand from foreign investors for US dollar bonds is expected to recover as weakness in the U.S. dollar and the nearing of the end of the Federal Reserve’s tightening cycle brings down the cost of hedging such purchases, said credit strategists. The JPM Foreign Attractiveness of U.S....
The National Coal Index (NCI) fell a significant 33.8% year-on-year to 157.7 points in May, in an indication that supplies in the country remain sufficient. “The National Coal Index (NCI) has shown a significant decline of 33.8% in May 2023 at 157.7 points compared to May 2022, where it was at...
An environmentally friendly container transport vessel — MSC NOA ARIEILA — was delivered for use in Nansha district of Guangzhou, Guangdong province, on Monday, demonstrating China’s shipbuilding strength and technology. The ship, jointly built by Guangzhou Shipyard International Co Ltd and China...
https://www.hellenicshippingnews.com/green-vessel-delivered-to-swiss-shipper/
Global rice importers are likely to seek direct deals with governments in exporting countries as India’s ban on shipments of a key variety is squeezing supplies and igniting concerns over food security. Buyers from Africa to Asia are likely to scramble for rice shipments as supplies tighten in...