The return of Chinese trade participants from Spring festival failed to create a roar in the Capesize market this week.
Marine fuel is too cheap for the environmental damage that it causes and sea transport does not reflect the true cost of bringing goods to market. These are the views of Euronav’s forthright ceo, Paddy Rodgers, who recently surprised the shipping community when he revealed his plans to step down later this year.
Blockchain-based bill of lading solution provider CargoX, has successfully processed its first container shipment, with a box-load of garments from a consignor in Hangzhou being discharged and released in the Port of Koper in Slovenia.
Mitsui OSK Lines (MOL) has inked a five-year bauxite shipping contract with Alufer Mining.
Seaborne demand for Arabian Gulf crude exports fell by 14% in first quarter 2017 in VLCCs and suezmaxes, according to VesselsValue.
Apparently allaying fears of any nickel export squeeze from major exporter Philippines, listed miner Global Ferronickel Holdings Inc (FNI) said it has started nickel ore shipments to China with volume coming to about 550,000 wet metric tons (wmt) so far.
China’s Fujian provincial government has released data showing a rise in the export value of new ships for the first three quarters of this year compared to the year-ago period.
China's trade patterns have already shifted from the developed economies to the emerging market economies and these are expected to fuel the Asian giant's future growth, Seabury maritime director Michel Looten said at the TPM Asia Conference 2016 in Shenzhen.
Troubles in the Southern Philippines continue with Indonesia vowing to extend a moratorium on coal exports to the Philippines until Manila can guarantee security in its waters, Indonesian foreign minister Retno Marsudi was quoted as saying in local media.