The Port of Antwerp-Bruges released its bunker sales figures for the first time in years. The port released Antwerp sales data which goes back to 2015, while Zeebrugge sales are from 2016 onwards. The Port of Antwerp-Bruges’ combined sales might have reached their highest ever last year and were at...
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Ningbo Containerized Freight Index Report, 15 March 2024
In the week ending Mar-15, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Below find the NCFI Weekly Index Data chart: Source: Ningbo Shipping Exchange
https://www.hellenicshippingnews.com/ningbo-containerized-freight-index-report-15-march-2024/
GMS Week 11 – RAMADAN REPRIEVE!
With the conclusion of week 11, the ongoing & seemingly endless dearth in the supply of viable candidates has been mercifully keeping the Bangladeshi & Pakistani ship recycling markets steady on the one hand, including this week where it graciously provided our friends and associates celebrating...
https://www.hellenicshippingnews.com/gms-week-11-ramadan-reprieve/
Somali forces, foreign navies prepare attack on hijacked ship, police say
Somali police and international navies were preparing on Monday to attack a commercial ship that was hijacked by pirates last week, the Puntland region’s police force said, two days after Indian commandos rescued another cargo vessel held by pirates. The MV Abdullah was hijacked off the coast of...
MV Isle of Islay successfully launched
The MV Isle of Islay, the first of two vessels to serve Islay and Jura, was launched at Cemre Marin Endustri shipyard in Yalova, Turkey. The vessel, which is one of four ferries being built at the yard, marks a significant milestone in Caledonian Maritime Assets Limited’s (CMAL) commitment to...
https://www.hellenicshippingnews.com/mv-isle-of-islay-successfully-launched/
Downside in South Korean corn import on feed wheat switch, rice stock release to feed millers
South Korea’s corn demand in marketing year 2023-24 (September-August) faces further downside potential after feed buyers started increasing feed wheat usage in feed ratios to replace corn. This follows the release of local rice stocks by the national granary to feed millers, marking around 400,000...
Baltic index hits over 3-month high on firm demand across vessel segments
The Baltic Exchange’s dry bulk sea freight hit a more than three-month high on Monday on robust demand across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 45 points, or 1.9%, to 2,419 points. The capesize index was up by...
In Ukraine’s bombarded ports, ship buyers scout for deals
Since Russia invaded Ukraine two years ago, nearly 50 merchant ships have been languishing in its waters, stuck in ports too dangerous to sail from. But while these ships have not moved, some of their owners have changed, highlighting the risks some market players are prepared to take in the hunt...
https://www.hellenicshippingnews.com/in-ukraines-bombarded-ports-ship-buyers-scout-for-deals/
China’s export container shipping price index up 20.9 pct in February
China’s export container shipping price index jumped 20.9 percent month on month in February, data from the Shanghai Shipping Exchange shows. The average China Containerized Freight Index (CCFI) stood at 1,440.74 last month, according to the shipping exchange. The sub-reading for the West Coast...
Ukraine maritime farm exports at 2.95 mln T in March 1-15, ministry data shows
Ukraine’s maritime agricultural exports were at 2.95 million metric tons in March 1-15 and corn dominated the shipments, farm ministry data showed on Monday. The ministry gave no comparative figures. Ukrainian maritime farm exports totalled 6.38 million tons in February. The data showed that in...