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Iron ore gains as markets await key China meeting

Iron ore futures swung to gains from losses on the first working day of the week as the market keenly awaiteda key meeting of the topleadership in biggestconsumer China for cues on stimulus measures. China’s National People’s Congress (NPC) Standing Committee is meeting over Nov. 4-8 and all eyes are on whether more stimulus measures would be unveiled to spur theeconomy. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade0.91% higher at 779 yuan ($109.78) a metric ton, after touching the lowest since ...

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Port Pro of the Month: Paula Cristina de Araújo Dias Cabaço da Silva

Our port pro of the month is Paula Cristina de Araújo Dias Cabaço da Silva, President of the Madeira Ports Administration (Administração dos Portos da Região Autónoma da Madeira – APRAM). In the following sections, you will read more about sustainability and investments in this Portuguese Port, as well as the specific role and challenges that come with being an island port. Discover more fascinating topics addressed by our port professional of the month below! Can you briefly tell us about the Port Authority of Madeira, highlighting its key features ...

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Elizabeth Fire Department Completes Confined Space Rescue Training at APM Terminals Port Elizabeth

During the week of October 21, 2024, the Elizabeth Fire Department (City of Elizabeth, NJ) conducted critical confined space rescue drills at APM Terminals Port Elizabeth, part of their annual training to maintain readiness for high-risk scenarios. This collaboration between the fire department and the terminal’s staff highlights the importance of preparedness in dealing with emergencies in industrial environments. Led by Deputy Chief William Vignali and Battalion Chief Gary Haszko, the training focused on confined space rescues – a particularly complex type of emergency response. In confined spaces like sewers, ...

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Ctg port container handling increased in October, exports fell by 13%

However, while container handling of imported goods increased, the handling of export goods decreased by 13%. According to Chittagong Port, import cargo container handling rose to 120,225 twenty-foot equivalent units (TEUs), an increase of 1,823 TEUs or 2.34%. In contrast, the handling of export containers declined by 13%, dropping to 66,932 TEUs from 75,603 TEUs in September. Traders said the country’s political changes, violence and unstable situation have had a negative impact on the clothing industry. As a result, exports have decreased. Exports are expected to increase during this time ...

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ESPO Award 2024: Let us present the shortlisted projects: Port of Sevilla

Under the theme “Port projects or strategies in the field of circular economy that benefit the city and/or the surrounding community”, the ESPO Award 2024 will go to the port managing body which has developed a circular economy strategy and/or a significant circular economy project involving different stakeholders in or around the port. The winning project will be a project which can clearly demonstrate efforts that actively engage the port and benefit the surrounding community through circular economy activities. The four projects that are shortlisted for this year’s Award are ...

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PCT Awards Scholarships to Four First-Year Students

Piraeus Container Terminal S.A. (PCT) awarded four scholarships of €2,500 each to four female students from the Municipality of Perama who were admitted to Greek Higher Educational Institutions for the academic year 2024–2025. This new scholarship program, established by PCT this year, aims to reward graduates from public high schools or vocational schools in Perama who achieved high scores in the national entrance exams and meet specific social and financial criteria. The scholarship awards ceremony took place on Saturday, November 2, during a celebratory event organized by PCT, which also ...

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V. celebrates 40th anniversary

V.Group (“V.”), the global ship manager and marine services provider, celebrates its 40th anniversary this month. The milestone comes as the company embarks on a new growth chapter bolstered by its recent change in ownership. With a robust capital structure, its wealth of experience and ability to operate on a global scale, V. is positioned to support the global shipping industry as it navigates evolving complexities, from regulatory compliance and geopolitical risk, through to its decarbonisation and digitalisation drives. Since being founded in 1984, V.’s network has expanded from managing ...

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C-MAP® Improves Coverage Across UK, France, Denmark, and Portugal

C-MAP®, a leader in digital marine cartography and cloud-based mapping, today has updated and improved coverage across inland France, UK, and Denmark, as well as coastal bathymetry around UK & Ireland, Denmark, Portugal & France. These updates include an additional 40 lakes added across France, Denmark, and the UK, as well as a significant number of improvements to inland waterways for Northwestern France, with improved shorelines, bridges, and lock information. “We are excited to roll out a new update to our C-MAP users in Europe, which will significantly transform their ...

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IMO Secretary-General visits Red Sea countries

International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has completed a series of visits to countries in the Red Sea area, to discuss the current situation and express support for freedom of navigation as well as concern for innocent seafarers, particularly those who remain captive with the MV Galaxy Leader. Mr Dominguez said: “The continuous attacks on ships and seafarers in the Red Sea are endangering innocent human lives, affecting the entire shipping industry and therefore the global economy. International shipping carries around 80% of trade in goods in the world ...

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Damen lays keel for first two of four fully electric ferries for BC Ferries

On November 1st, Damen Shipyards Galati in Romania laid the keel for the first two of four fully electric ferries for BC Ferries. The keel laying ceremony marked an important milestone in the third phase of construction of the Island Class Ferries, which will bring the total number of Damen vessels in the BC Ferries fleet to ten. During the recent second phase of the programme, Damen delivered four hybrid diesel-electric ferries. These reduced emissions vessels were intended to pave the way to the development of fully electric vessels. Now, ...

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Qatar’s ports record brisk growth in containers and bulk cargo in October

Containers, bulk cargo and RORO (vehicles) through Qatar’s ports saw a brisk year-on-year growth in October 2024, indicating the country’s growing trade and economic ties with the rest of the world, according to the official data. The number of ships calling on Hamad, Doha and Al Ruwais ports stood at 259 in October 2024, which saw a 4.02% increase on a monthly basis but down 1.52% year-on-year, according to the figures released by Mwani Qatar. Hamad Port, whose strategic geographical location offers opportunities to create cargo movement towards the upper ...

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HOT PORT NEWS from GAC

Singapore Standard SS 648: 2024 Code of Practice for bunker mass flow metering 04 Nov 2024, Singapore The Maritime and Port Authority of Singapore will mandate the use of SS 648: 2024 for the custody transfer of bunker deliveries to ocean-going ships in the Port of Singapore… READ MORE Possible port closure due to weather 04 Nov 2024, Bahamas Adverse weather and marine conditions starting today (4 November) until 7 November could have an impact on shipping in the Bahamas. READ MORE Around the Island swimming race 04 Nov 2024, ...

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Baltic Dry Index falls to 1374 down 04 points

Today, Monday, November 02 2024, the Baltic Dry Index decreased by 04 points, reaching 1374 points.

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Trump presidency seen as bullish for tanker rates in US, Middle East; Russia wild card

A second Donald Trump presidency could push up tanker rates in the Middle East and the US Gulf while ushering in great uncertainty over Russia-related trades, some analysts recently said based on the former president’s stated views on sanctions and energy. The Republican candidate is currently running neck and neck in polls with Democratic candidate Kamala Harris, ahead the US elections Nov. 5. Some observers suggested that Trump could even hold a small edge in some key battleground states. While Vice President Harris is expected to roughly stay in line ...

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Efficient handling of propeller retrofits

DNV’s role in the compliance verification follow-up of new propeller retrofits typically includes a combination of the following: Approval of the propeller, including propeller fitting and boss cap fins (PBCF) Certification of the propeller Approval of the propulsion arrangement with the new propeller (e.g. shafting alignment and torsional vibration calculation) Surveying – inspection and testing on-site In addition to the scope regulated by the applicable DNV classification rules, other relevant statutory requirements and recommendations, as well as any specific flag requirements, are also considered. Statutory scope typically includes a combination ...

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