Discount levels for lower-quality medium-grade fines, such as MAC Fines and Jimblebar Fines, narrowed as Chinese mills became more cost-conscious amid subdued steel margins, according to spot trades tracked by S&P Global Platts. Chinese steel margins tumbled in the second half of May, as downstream...
https://www.hellenicshippingnews.com/buying-picks-up-for-lower-quality-medium-grade-iron-ore-fines/
Cyprus-based shipowners and ship-managers advocate shipping need to be governed by global regulations and not local or regional rules that create unfair competition in the industry. Lobby groups such as the Cyprus Shipping Chamber represent the vast majority of the maritime sector, and the Cyprus...
https://www.hellenicshippingnews.com/cyprus-shipping-in-the-spotlight/
A new digital infrastructure for the shipping industry aims to smooth out the kinks in cargo handling processes, anchoring ways for logistics players to optimise operations. This could unlock more than US$150 million (S$202 million) of value for the supply chain ecosystem in Singapore each year, said Deputy Prime Minister Heng Swee Keat on Tuesday …
The post New data-sharing platform for shipping industry aims to reduce inefficiency: Heng Swee Keat first appeared on Hellenic Shipping News...
Iron ore has been in a bull market for more than two years, and it’s not about to end soon, according to Goldman Sachs. “It would be wrong to say that the bull market for iron ore, you know, is on the cusp of ending,” said Nicholas Snowdon, head of base metals and bulks research …
The post Iron ore...
Argentina said on Saturday it would dedicate $10.4 million to help ease the pain caused by an ongoing drought that has seen the Parana River, a key transport route for the country’s precious grain crop, wither to its lowest level in 77 years. Lack of rain in Brazil, where the Parana originates, has...
VLCC spot earnings averaged just $500/day on the benchmark TD3C trade during the 1st half of this year on slow steaming Source: GIBSON SHIPBROKERS LTD
The post Gibson tanker report – Why So Weak? first appeared on Hellenic Shipping News Worldwide.
https://www.hellenicshippingnews.com/gibson-tanker-report-why-so-weak/
European Central Bank policymakers are set for a showdown next week as they chart a new policy path amid growing fears of a third wave of coronavirus infections. The guidance update is made necessary by the ECB’s new strategy, which says the central bank should let inflation across the 19 countries...
https://www.hellenicshippingnews.com/ecb-policymakers-set-for-showdown-on-policy-path/
In the week ending Jul-16, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3567.6 points Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange
The post Ningbo Containerized Freight Index Report, 16 July 2021 first appeared on Hellenic...
https://www.hellenicshippingnews.com/ningbo-containerized-freight-index-report-16-july-2021/
While 2020 proved to be a challenging year for offshore oil and gas markets, the same cannot be said about offshore renewables, which saw substantial growth. Offshore renewable projects achieved an estimated record project sanctioning of US$56bn, which, for the first time, represents a higher amount than offshore oil and gas (totalling an estimated US$43bn). …
The post Offshore Wind and Shipping – The importance of the interplay between Shipbuilding Contracts and Charters first appeared on Hellen...
On 9 July 2021 the Biden Administration released an Executive Order (EO) on promoting competition in the American economy. The latest White House effort directs federal agencies to strengthen oversight of several key industries that are perceived to be impacted by the monopolistic control of a small number of dominant companies. The industries addressed in …
The post Spotlight on the International Maritime Sector as the Biden Administration Looks to Address Competition Activities first appeared...