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CAPESIZE SHIPPING RATES
Dry-Bulk shipping rates extend decline as capesize demand coolsThis decline is attributed to cooling demand in larger vessel segments, particularly Capesizes, despite a strong first half of the year. An...- Dry-bulk shipping rates hit two-year high on capesize demandThis rise is attributed to increased demand for Capesize vessels, tightening ship supply, and disruptions in iron ore exports. The conflict...
- Empty iron ore ships switch to coal to survive China’s slumpMiners and traders are slashing shipments of iron ore, the second-most widely traded seaborne commodity, and re-assigning their bulk carrie...
- Roaring commodity demand is pushing shipping rates higher, and the rally isn’t overRising demand for everything from soybeans to steel has sent the cost of hauling dry goods soaring more than 50% this year.
- Big ships snag unusual cargoes as dry-bulk market tightensThe supply of dry-bulk ships was already under pressure as Covid-19 restrictions on seafarers and port workers slowed cargo deliveries.
- JSW Infra commissions new 18 MTPA iron ore terminal at Paradip portBuilt at an investment of Rs 750 crore, the company will operate the terminal for the next 30-years as part of its build, operate, and tran...
- Essar Shipping eyes more revenue from third party businessThe company operates a fleet of 14 ships that include two VLCCs, one capesize ship, six mini-capesize ships, one panamax bulk carrier, two ...
- Gangavaram Port sets a record on steam coal handlingGangavaram Port today said it has crossed a milestone by discharging a record 1,12,599 metric tonnes of steam coal from an ultra large carg...
- Fashion app Voonik secures $5 million Series A funding from Sequoia Capital, SeedfundThe company said in a statement that the funding will enable Voonik to enhance their personalisation and style recommendation technology.
- Essar Shipping second quarter loss narrows to Rs 11.20 croreEssar Shipping’s second quarter net loss narrowed to Rs 11.20 crore from a loss of Rs 35.99 crore in the same quarter last year.
- Rising shipping volumes bring cheer, but not many expect uptrend to lastShipment volumes, driven by an increase in iron ore import by China & economic recovery in US & Europe, saw a slight uptick in September.
- ABG Shipyard shares rally 14% post block dealABG Shipyard continued to surge for the second straight session even as ICICI Prudential Life Insurance sold 5.82 lakh shares for Rs 15.79 ...
- Shipping companies surge as Baltic Index hits 21-month highShares of sailing companies were sailing smooth after the dry Baltic Index, surged to a 21-month high to 2,127 points, up 106 points or 5.2...
- Government holds the cards for shipping industry turnaround: BimcoWithout the political responsibility, will and decisiveness, the prospect for a recovery is bleak, says Baltic and International Maritime C...
- Shipping assets plunge unparalleled: HSBCA plunge in the price of ships as assets, caused by a collapse in global growth just after owners had placed record orders for new vessels,...
- Dry bulk reaches 2010 highs, but future remains uncertainLast week saw dry bulk market creating some sort of a milestone, as the Baltic Dry Index has propelled itself at never before seen levels f...
- Shipping cos in rough waters as rates plungeThe shipping industry is facing the threat of order cancellation due to a sharp fall in charter rates of dry bulk vessels, according to exp...
- Shipping rates dip on commodity bustIndian shipping majors such as SCI and Great Eastern Shipping already idle some of their vessels and also have plans to mothball their othe...
- Falling dry-bulk rates claims a carrierUkraine's Industrial Carriers Inc, Marshall Islands-based company that is headquartered in Odessa, has filed for bankruptcy after it ran up...
- New age ports along east coast likely to transform exim tradeThe advent of a couple of state-of-the-art technology ports across east coast with rail linkages to mineral-rich regions in their backyard ...
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