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Baltic Dry Index climbs to 1586, up 8 points

Today, Monday, October 23 2017, the Baltic Dry Index climbed by 8 points, reaching 1586 points.

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SSY ATLANTIC CAPESIZE INDEX 23 October 2017

Supported by strong trans-Atlantic coal and iron ore chartering, the SSY Atlantic Capesize Index climbed 452 points week-on-week to 8,345 points, regaining the losses of the week before.

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SSY PACIFIC CAPESIZE INDEX 23 October 2017

At 5,729 points, the SSY Pacific Capesize Index was almost unchanged for a second successive week, close to the year-to-date high of 5,948 points achieved in late September. The Pacific round-voyage rate

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Tanker Market Rates 23/10/2017

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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Seasure Market Report 20 October 2017

Seasure Market Report 20 October 2017

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Ship propellers for Dubai

It was a spectacular stowage in Shanghai. On October 8, in this port on the central east coast of China, four giant ship propellers were loaded on board Hapag-Lloyd’s “Ludwigshafen Express.” A gantry crane hoisted the propellers, each weighing between 5.3 and 6.1 metric tons, directly off a barge and onto the vessel using a round sling. Each of the propellers measures 8.6 meters high, 8.6 meters wide and over two meters high. Once on board the ship, they were safely lashed to eight 40-foot flatracks. Thanks to good preparation, ...

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World’s Largest Civilian Ship Simulation Net-Work: Sea Traffic Management Becomes Reality

The European research project to improve the exchange of information and the optimisation of route guidance in maritime transport STM Validation has reached the middle of its duration. Occasion at the Midterm Conference in September to take a look at what has been achieved so far. The Fraunhofer CML is the technical coordinator of the European Ship Simulator Network and is involved in a large number of developments in the project. The aim of STM Validation is to make international maritime transport more ecological, economical and efficient. MARITIME SAFETY MEASUREMENTS ...

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Jebel Ali expands further as Terminal 3 gets 1.5mln TEU new capacity

Global trade enabler DP World is stepping up container handling productivity at its flagship Jebel Ali Port, by adding 1.5 million TEU, twenty-foot equivalent units, to Container Terminal 3, T3. The expansion is in response to emerging market demand and increases the port’s capacity from 18 million TEU to 19.5 million TEU. T3 now has a capacity of 4 million TEU and will be the world’s largest semi-automated terminal. The first batch of 37 new ship-to-shore, STS, cranes and 47 Automated Rail Mounted Gantry, ARMG, cranes are already operational and ...

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Klaipėda LNG Terminal Receives The 40th Cargo

Liquefied natural gas (LNG) terminal operated by KN (AB Klaipėdos nafta) receives already the 40th gas carrier since the start of operations of the LNG terminal. It is a small-scale bunkering vessel “Cardissa” and this is the 4th small-scale LNG reloading operation. The bunker ship “Cardissa” of Shell Western LNG B.V. (Shell) arrived at the port of Klaipėda in the morning of 17 October. The bunker vessel will be filled with 6300 cubic metres of LNG from the storage vessel “Independence”. The client is UAB Lietuvos dujų tiekimas. This is ...

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Liepaja port to be developed for service of Panamax class vessels

Latvia’s southwestern Liepaja port will be developed into a port for service of Panamax class vessels, said Liepaja Special Economic Zone (SEZ) administrator Janis Lapins at the Latvian Ports, Transit and Logistics Council meeting today, cites LETA. He said that the port has prepared its development program for 2018-2022, assessing the port’s competitiveness, the possible development scenarios, strategic goals and tasks, as well as the projected results – cargo turnover, financial forecasts and planned capital investments. Lapins said that negotiations have been started with the Treasury on attraction of co-financing ...

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Chinese, Arab investors eye Montenegro’s Luka Bar – transport min

Chinese and Arab investors are interested in the privatisation of a stake in Montenegrin port operator Luka Bar [MNG:LUBA], the country’s transport minister Osman Nurkovic said. The government has not given up its plans to privatise Luka Bar after the talks for the sale of a 30% state-owned stake in the operator of Montenegro’s Bar seaport to Polish OT Logistic were terminated earlier this year, Nurkovic told SeeNews on Monday on the sidelines of the business leaders’ Summit100 gathering in Macedonia’s capital Skopje. Bar port is very attractive to investors, ...

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PPA asks cargo owners to plan ahead to reduce delays during Asean hosting

The Philippine Ports Authority (PPA) urged Thursday all cargo owners to plan ahead the withdrawal and deposit of their cargoes to and from the Manila ports as the country hosts the Association of Southeast Asian Nations (Asean) Summit and Related Meetings this November. The state-owned agency said that tight security is expected to be implemented along Roxas Boulevard and nearby areas in Manila and Pasay cities due to the attendance of Asean leaders and other dialogue partners, such as United States President Donald Trump, during the Asean events on November ...

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Iraq’s Kurdistan oil exports at 216,000 bpd -shipping source

Oil exports from Iraq’s Kurdistan towards the Turkish Mediterranean port of Ceyhan were flowing at reduced rates on Friday of 216,000 barrels per day versus the usual flows of 600,000 bpd, a shipping source said on Friday. Flows have been reduced since the start of the week after Iraqi military forces took oilfields near Kirkuk from Kurdish Peshmerga forces. Source: Reuters (Reporting by Ahmad Ghaddar; editing by Jason Neely)

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Chinese soy imports increase port movement in Brazil

Soybean imports by China led the port of Paranaguá in the Brazilian state of Paraná to increase its cargo record of 8.5 million tonnes in 2015 to 9.5 million tonnes in the first nine months of 2017, Brazilian newspaper Gazeta do Povo reported. The Organization of Cooperatives of Paraná (Ocepar) estimates that 86% of all soybeans already exported this year from the port of Paranaguá were destined for the Chinese market. “Despite the high logistics costs, Brazilian production is very competitive in the foreign market, which is why Chinese buyers ...

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Nigeria enters league of steel exporters

There is strong indication that after cement, Nigeria’s steel industry is the next sector to watch as African Industries Group, the largest steel manufacturer in the country, has started exporting the product to Morocco, Egypt and Ghana. Steel is made from iron ore, limestone and natural gas, and its usage cut across tools and machinery, energy, automotive, building industries. Raj Gupta, Chairman, African Industries Group, while speaking ahead of the unveiling of the company’s export strides to government officials, bank chiefs and other stakeholders in Lagos, next week, said the ...

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