Market in Focus: Bulkers
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NewbuildingMany Chinese companies have been stepping up in the bulker market with COSCO Shipping and Avic leasing placing orders at Chinese yards. Of the total 313 Bulkers ordered over the past year, nearly 40% have been Panamax vessels, demonstrating the hot market.Source: Vessels ValueSecond hand marketThe Bulker market as a whole has shown a softening in values over the past year. The main reason for this is due to the drop off in rates throughout the first quarter of 2019.
Vitol Builds Refinery for New Ship's Fuel
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Dalian iron ore rises, supply crunch concerns persist
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China's iron ore futures extended gains on Friday after touching a record high in the previous session, as concerns persisted over tight supply amid declining shipment from Rio Tinto and expectations of strong demand.Mining giant Rio Tinto on Wednesday night lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April.It now puts the upper limit as much as 5.7% under its original forecast…
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Denmark’s Ørsted won New Jersey’s first offshore wind solicitation with a 1.1-gigawatt project Ocean Wind, the largest offshore wind project to secure a development deal with a U.S.
Huelva, Enagás Launch Cold Logistics Hub
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Danish Shipping Agenda in EU
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Oilfield services companies are in bullish mode. They are now able to raise prices for their products and services, after several years of gloom.“Oil and gas investments are on the rise…
Museum Adds Tug OHIO to Exhibit
Great Lakes Towing Company (GLT), the largest U.S.-flag tugboat company engaged in towing on the Great Lakes, christened the new Tug OHIO into service and dedicated…
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