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Suez Authority extends toll cuts for dry bulkers

Suez Authority extends toll cuts for dry bulkers

Port Said - The Suez Canal Authority has extended the discount offered to dry bulk vessels back in April 2017 until the end of 2018. Specifically, a 75% rebate of the canal transit tolls is being offered to laden or ballast dry bulk vessels coming or heading to ports at South West, South and East of Australia

Shipowners return to buying ways

Shipowners return to buying ways

Genova - There were 411 newbuilds contracted by ship owners in 2017(20,000 DWT bulk carriers and above, 30,000 DWT tankers and above, 500 TEU container ships and above), compared to 166 vessels during the previous year

India’s steel exports rise in 2017 as China’s plunge
Eastern Russian port of Nakhodka chokes on coal

Eastern Russian port of Nakhodka chokes on coal

Nakhodka - The far eastern Russian port of Nakhodka on the Sea of Japan is swathed in coal dust. It blankets the streets, clogs the air and is blamed by some for a rise in respiratory diseases among the city’s 150,000 residents.

U.S. Court put brake on tariffs on steel imported from S. Korea
China N. ports coal supply catches up while demand stays high
Two burned on 10th anniversary of Thyssen tragedy

Two burned on 10th anniversary of Thyssen tragedy

Turin - First a sudden fire, then the spurt of burning hot gas that hit them. This is how two maintenance staff were seriously burned in Turin. The accident at Vaber, a chemical company with longstanding ties to the city, took place on the day when Turin commemorates the tenth anniversary of the seven steelworkers who died

Shipowners are ramping up newbuildings

Shipowners are ramping up newbuildings

Athens - Ship owners are contracting newbuilding vessels left and right over the past week, as 2018 and the Holiday Season are just a couple of weeks away. In its latest weekly report, Allied Shipbroking said that it was “another week with plenty of activity being reported in the Newbuilding market”

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