More than 200 senior representatives from the global shipping community were present at the inauguration ceremony of the new Singapore offices of Bernhard Schulte Shipmanagement (BSM) in the Republic’s Central Business District on September 20th, 2018. To celebrate the opening of the new...
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U.S. inland port city seeks better trade relations with China
Laredo, one of the largest inland ports of the United States, is seeking a stronger trade relationship with China, an official said. The two-day annual North American Logistic & Manufacturing Symposium closed Thursday in Laredo, a city built up along the border between the United States and Mexico....
https://www.hellenicshippingnews.com/u-s-inland-port-city-seeks-better-trade-relations-with-china/
China’s steel rebar ticks up, eyes weekly gain on infrastructure push
China’s construction steel rebar prices rose on Friday, finishing the week on a positive note on the back of support from the country’s plans to increase infrastructure spending. The most-active rebar on the Shanghai Futures Exchange closed up 0.1 percent at 4,149 yuan ($606.53) a tonne. For the...
Trafigura leases 35 crude oil and product tankers
Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies, has named the first of its 35 crude oil and product tankers being built in South Korea and China. Today’s naming ceremony took place at Hyundai Samho Heavy Industries’ shipyard in Jeolanam-do,...
https://www.hellenicshippingnews.com/trafigura-leases-35-crude-oil-and-product-tankers/
Singapore Sep bunker demand likely to rebound from Aug: sources
Singapore delivered bunker fuel demand is expected to see an uptick in September, compared with August when some shipowners opted to take their bunker fuel at other ports due to fuel quality concerns, market sources said this week. August bunker fuel sales in Singapore had dipped 9.2% year on year...
https://www.hellenicshippingnews.com/singapore-sep-bunker-demand-likely-to-rebound-from-aug-sources/
VHSS New ConTex Container Ship Time Charter Assessment Index Week 38 2018
The New Contex is unchanged this week and has stabilized at 486 points which can be considered good news after the losing streak of the past Source: Vereinigung Hamburger Schiffsmakler Und Schiffsagenten e.V.
China may issue more fuel export quotas to refiners to prevent run cuts -sources
China may issue an additional 3 million to 4 million tonnes of permits for refined fuel exports for 2018 to prevent state-owned refiners from having to slash throughput rates, according to three sources briefed on the matter. The government has been looking to keep fuel export quotas at around 43...
Affinity Tanker Weekly, 21 September 2018
VLCCs are seeing a nice, active market this week, facilitated by owners trying to push rates up to new highs. However, even though MEG and Source: Affinity Research LLP
https://www.hellenicshippingnews.com/affinity-tanker-weekly-21-september-2018/
Feature: St. Lawrence Seaway commodity tonnage up despite US-Canada trade rift
Cargo tonnage on the Great Lakes-St. Lawrence Seaway was up nearly 4% January-August year compared with the year-ago period, according to St. Lawrence Seaway Management Corporation data, an indication that trade tension between the US and Canada — and other countries — is not choking off overall...
To excel in marine insurance, it helps to earn stripes in the marine sector
Paul Mendham, president of Vancouver-based Navis Marine Insurance Brokers, didn’t get his start in insurance by working behind a desk at a brokerage. Instead, he launched his career trajectory in the marine side of the business, initially working on a tug before his then-girlfriend and now-wife,...