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The return of China’s key manufacturing index to positive territory for the first time in six months has sparked optimism that commodity demand from the world’s biggest buyer of natural resources is poised to accelerate. The official purchasing managers’ index (PMI) rose to 50.8 in March from 49.1 in February, rising above the 50-level that ...
https://www.hellenicshippingnews.com/china-pmi-boosts-sentiment-but-commodity-imports-may-have-front-run/
https://www.hellenicshippingnews.com/china-pmi-boosts-sentiment-but-commodity-imports-may-have-front-run/The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell to its lowest since mid-February on weaker rates for all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 42 points or 2.5% to 1,669 points, its lowest level since Feb. ...
https://www.hellenicshippingnews.com/baltic-index-slips-to-1-1-2-month-low-on-weaker-vessel-rates/
https://www.hellenicshippingnews.com/baltic-index-slips-to-1-1-2-month-low-on-weaker-vessel-rates/The Baltic Exchange’s dry bulk sea freight index fell on Friday to log its third straight weekly decline, weighed down by a dip in rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 41 points or 2.5% to 1,628 points, its lowest level in ...
https://www.hellenicshippingnews.com/baltic-index-falls-for-third-week-on-weaker-rates-across-segments-2/
https://www.hellenicshippingnews.com/baltic-index-falls-for-third-week-on-weaker-rates-across-segments-2/Seaborne coal exports from Indonesia were a driving force during 2023, with a 10.2% increase compared to 2022. In a recent weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Dec 2023, global seaborne coal loadings increased ...
https://www.hellenicshippingnews.com/dry-bulk-market-indonesian-coal-exports-a-driving-force-during-2023/
https://www.hellenicshippingnews.com/dry-bulk-market-indonesian-coal-exports-a-driving-force-during-2023/Several environmental groups sent an open letter to the EU Member States and Parliament on Monday urging the European Council and Parliament to include the International Maritime Organization’s Carbon Intensity Indicator (CII) as a key part of the Port State Control Directive. The EU legislators will have their final negotiations on the EU’s Port State …
https://splash247.com/environmental-groups-urge-eu-to-include-cii-in-ship-risk-profiling/
https://splash247.com/environmental-groups-urge-eu-to-include-cii-in-ship-risk-profiling/India will surpass China as the largest source of oil demand growth in the world this decade, according to a new report from the International Energy Agency (IEA). India is currently the world’s third largest oil importer and consumer behind China and the US. The IEA is forecasting that India’s oil demand will grow 1.2m …
https://splash247.com/india-forecast-to-lead-oil-demand-growth-this-decade/
https://splash247.com/india-forecast-to-lead-oil-demand-growth-this-decade/A controversial livestock carrier has finally berthed at Fremantle today. Dr Lynn Simpson assesses how this ship’s blighted voyage to the Middle East went so wrong. Third berthing a charm? Will the animals finally be allowed to get off this time? More importantly, can they stay off? The Bahijah has just tied up today in …
https://splash247.com/live-animal-export-how-not-to-export-live-animals/
https://splash247.com/live-animal-export-how-not-to-export-live-animals/Inbound cargo volume at the United States’ major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea, according to the Global Port Tracker report released today…
https://www.marinelink.com/news/us-import-volumes-seen-rising-despite-red-511465
https://www.marinelink.com/news/us-import-volumes-seen-rising-despite-red-511465Angela Chao, chair and CEO of the Foremost Group, has died in a car accident, the New York-headquartered dry bulk shipping company announced on Monday.Angela Chao was an experienced and well-respected shipping executive, having worked her way…
https://www.marinelink.com/news/foremost-group-ceo-angela-chao-killed-car-511468
https://www.marinelink.com/news/foremost-group-ceo-angela-chao-killed-car-511468Cavotec reports it has signed a $5.7 million contract to retrofit vessels with shore power solutions for an undisclsoed major European shipping line.The agreement entails the complete retrofit of containerships from installation of Cavotec's…
https://www.marinelink.com/news/cavotec-awarded-million-shore-power-refit-511469
https://www.marinelink.com/news/cavotec-awarded-million-shore-power-refit-511469