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China’s 2025 iron ore imports set to hit new high even as steel demand dwindles

China’s iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world’s top consumer despite a protracted property crisis continuing to weigh on Chinese steel demand, traders and analysts said. The country’s imports of the key...

US adds shipping major COSCO to list of companies working with China’s military

The US government has labeled shipping company COSCO, technology giant Tencent and battery manufacturing company CATL as ‘Chinese miliary company’, escalating further tension between the two countries. In a notice on Jan 7, Department of Defense blacklisted the...

Baltic index extends losses on lower capesize, supramax rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended declines on Tuesday, hurt by falling rates across the capesize and supramax segments. The index, which factors in rates for capesize, panamax and...

ITD Cementation set to win Vadhvan Port EPC contract

ITD Cementation India Ltd, a unit of Adani Group, is set to win a contract to undertake nearshore reclamation and shore protection works on engineering, procurement and construction (EPC) mode for the planned mega port at Vadhvan in Maharashtra by placing the lowest...

Maersk asks customers to remove cargo before strike at US ports

Shipping giant AP Moller-Maersk has urged customers to pick up their laden containers and return the empty ones at the US East and Gulf Coast ports before Jan. 15 to mitigate potential disruptions at the terminals on account of a strike. “The conditional...

HC orders release of Singaporean cargo ship from Paradip Port

The Orissa High Court, which had earlier issued direction for ‘arrest’ of MV Propel Fortune vessel over a monetary dispute, ordered the immediate release of the Singaporean cargo ship on condition of submitting a bank draft of Rs 15.56 lakh. Ship chandler MH Bland SL,...

China’s 2025 iron ore imports set to hit new high even as steel demand dwindles

US adds shipping major COSCO to list of companies working with China’s military

Baltic index extends losses on lower capesize, supramax rates

ITD Cementation set to win Vadhvan Port EPC contract

Maersk asks customers to remove cargo before strike at US ports

HC orders release of Singaporean cargo ship from Paradip Port

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