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Chinese coking coal futures extended losses to hit their lowest in four weeks on Wednesday, as traders kept an eye on a batch of Australian coal cargoes expected to arrive soon in top steel producer China. Rising Chinese steel inventories also weighed on overall market sentiment, analysts said. China is seen gradually resuming Australian coal ...
https://www.hellenicshippingnews.com/dalian-coking-coal-hits-4-week-low-as-traders-eye-australian-cargoes/Norwegian shipping company Wilhelmsen Ship Management (WSM) and shipbroker Affinity Shipping have signed a Memorandum of Understanding (MOU) to jointly establish an independent company that will provide comprehensive compliance services related to the European Union Emission Trading System (EU ETS).
The post https://www.offshore-energy.biz/wsm-affinity-shipping-to-establish-1st-eu-ets-compliance-company/">WSM, Affinity Shipping to establish 1st EU ETS compliance company appeared first on https://www.offshore-energy.biz">Offshore Energy.
https://www.offshore-energy.biz/wsm-affinity-shipping-to-establish-1st-eu-ets-compliance-company/
https://www.offshore-energy.biz/wsm-affinity-shipping-to-establish-1st-eu-ets-compliance-company/The technology group Wärtsilä has successfully retrofitted an inline shaft generator system on the ‘Berge Toubkal’, […]
The post https://www.offshore-energy.biz/wartsila-berge-bulk-wrap-up-maritime-industrys-first-inline-shaft-generator-retrofit/">Wärtsilä, Berge Bulk wrap up maritime industry’s first inline shaft generator retrofit appeared first on https://www.offshore-energy.biz">Offshore Energy.
https://www.offshore-energy.biz/wartsila-berge-bulk-wrap-up-maritime-industrys-first-inline-shaft-generator-retrofit/A Chinese steel firm has resumed to purchase Australian coal products, with the first shipment of about 72,000 tons of coking coal expected to arrive at Zhanjiang Port, South China’s Guangdong Province on February 8, industry insiders told the Global Times. The resumption comes amid restored enthusiasm and attention among Chinese companies toward Australian goods ...
https://www.hellenicshippingnews.com/first-shipment-of-australian-coal-to-arrive-in-china-as-trade-ties-improve-insiders/The Baltic Exchange’s dry bulk sea freight index fell to its lowest since June 2020, weighed by weaker demand for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 13 points, or 1.9%, to 668 on Wednesday. The capesize index dropped ...
https://www.hellenicshippingnews.com/baltic-index-falls-to-over-2-year-low-as-larger-vessel-rates-slide/After a volatile 2022, leading shipbroker Simpson Spence Young (SSY) looks at the next 11 months and highlights areas of particular interest in their 2023 Outlook Report. Contributions come from a range of senior research and broking experts and cover: Dry Bulk, Tankers, Derivatives, LNG, Chemicals, Sale & Purchase, Decarbonisation and Finance. Stanko Jekov, SSY ...
https://www.hellenicshippingnews.com/2023-market-outlook-from-ssy-sees-return-to-growth-for-dry-bulk-market/OceanPal Inc., a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement dated February 1, 2023, to acquire the m/v Melia from Diana Shipping Inc., a related party of the Company, for an aggregate purchase price of US$14.0 million. Of ...
https://www.hellenicshippingnews.com/oceanpal-inc-announces-entry-into-agreement-to-acquire-a-panamax-dry-bulk-vessel/Iron ore futures fell to a two-week low on Thursday as traders reassessed demand prospects in key consumer China, despite expectations for more policy stimulus to support the country’s economic rebound. Iron ore and steel prices in China hit multi-month highs in January as markets rallied from early November on the back of Beijing’s stepped-up ...
https://www.hellenicshippingnews.com/iron-ore-hits-2-week-low-as-china-rally-fizzles-out/
https://www.hellenicshippingnews.com/iron-ore-hits-2-week-low-as-china-rally-fizzles-out/Singapore iron ore futures fell on Monday to their lowest in nearly three weeks, while Dalian prices see-sawed, as traders curbed their optimism about demand prospects in top steel producer China. Iron ore’s benchmark March contract on the Singapore Exchange was down 1.2% at $123.40 a tonne, as of 0746 GMT. Earlier in the day ...
https://www.hellenicshippingnews.com/iron-ore-volatile-as-traders-temper-china-demand-optimism/
https://www.hellenicshippingnews.com/iron-ore-volatile-as-traders-temper-china-demand-optimism/The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to the lowest in nearly three years, pressured by weaker rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 13 points, or about 2.1%, to ...
https://www.hellenicshippingnews.com/baltic-index-hits-nearly-three-year-low-on-weaker-vessel-demand/