Shipping number of the week: Chinese steel production declines for the first time in 21 months

Chinese steel production dropped by one million (1m) tonnes, a decline of 1.2%, compared to October last year. China produced 81m tonnes of crude steel in October 2019. This is the first decline in steel production year-on-year since December 2017. The story unfolds quite differently when looking...

https://www.hellenicshippingnews.com/shipping-number-of-the-week-chinese-steel-production-declines-for-the-first-time-in-21-months/

India Ratifies The Hong Kong International Convention For Safe And Environmentally Sound Recycling Of Ships, 2009

In news that surfaced late this evening from India, as reported by the Press Information Bureau (Government of India), the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for enactment of the “Recycling of Ships Bill, 2019” and accession to the Hong Kong...

https://www.hellenicshippingnews.com/india-ratifies-the-hong-kong-international-convention-for-safe-and-environmentally-sound-recycling-of-ships-2009/

Baltic index registers sixth successive drop on softer capesize rates

The Baltic Exchange’s main sea freight index ticked lower for a sixth straight session on Thursday, hurt by weaker demand for capesize vessels. The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down 5 points, or 0.4%, at 1,255 points....

https://www.hellenicshippingnews.com/baltic-index-registers-sixth-successive-drop-on-softer-capesize-rates/

Wärtsilä Expert Insight takes predictive maintenance to the next level

The technology group Wärtsilä announces the launch of its Expert Insight predictive maintenance product. This digital product enables customer support to be delivered proactively by Wärtsilä Expertise Centres to ensure long-term accurate insight for their predictive maintenance strategies. The...

https://www.hellenicshippingnews.com/wartsila-expert-insight-takes-predictive-maintenance-to-the-next-level/