Samsung Heavy Industries Co. has become the first among the country’s big three shipbuilders that settled this year’s collective bargaining and wage negotiations. In particular, the company concluded the agreements for three years at one go, including wage negotiations for 2016 and 2017. According...
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ARA diesel, gasoil stocks up 1.2% on week: PJK International
Diesel and gasoil inventories in the Amsterdam-Rotterdam-Antwerp trading hub increased 1.2% on the week to 2.889 million mt in the seven days to Wednesday, according to PJK International data. Compared to the same period last year, diesel and gasoil stocks were 11.6% higher, according to the PJK...
https://www.hellenicshippingnews.com/ara-diesel-gasoil-stocks-up-1-2-on-week-pjk-international/
Yang Ming to Upgrade China-Vietnam-Thailand Service
Yang Ming Marine Transport Corp. (YM) has announced to upgrade its China-Vietnam/Thailand service network effective on October 12th, 2018. The China-Ho Chi Minh Express Service (CHX) will be jointly operated by YM, Orient Overseas Container Line Ltd. (OOCL) and Regional Container Lines (RCL) with a...
https://www.hellenicshippingnews.com/yang-ming-to-upgrade-china-vietnam-thailand-service/
Babcock ecoSMRT receives LR acknowledgement for ship application
Babcock International has been recognised by LR in completing a critical step towards achieving the LR General Approval for an LNG ship for its innovative ecoSMRT® single mixed refrigeration reliquefaction technology. Receiving LR Risk Based Design (RBD) process approval at Gastech 2018 in...
S.Korea: Growth of seaport cargo slows on Sino-U.S. trade row
Cargo processed at South Korean seaports has grown at a slower-than-expected pace this year in the wake of an intensifying trade row between the United States and China, data showed Friday. Container cargo handled at South Korea’s largest port of Busan stood at 12.44 million twenty-foot equivalent...
https://www.hellenicshippingnews.com/s-korea-growth-of-seaport-cargo-slows-on-sino-u-s-trade-row/
BSM Singapore relocates to new office to accommodate continued growth
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...
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/