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Port of Helsinki: Passenger numbers up, bulk traffic declined

Sharing figures for the first half of 2019, Finland’s Port of Helsinki informed that its passenger numbers have bounced back to last year’s level, but the amount of cargo transported via the Port during the first half of the year did not reach last year’s level.

Pigs fever in China affects dry bulk shipping

China’s pork output decreased by less than expected during this year’s first half, with the country facing a devastating disease outbreak. However, official data show conflicting figures regarding the size of the decline in the hog herd. This fact has also affected  dry bulk shipping, with Chinese soybean imports expected to reduce to 84m tons in marketing year 2018-2019 and 83m tonnes in 2019-2020.

Port of Oakland discusses return of bulk shipping after 20 years

The Port of Oakland, in US’ Pacific coast, announced it has begun negotiations with a Canadian building materials shipper to transport sand and gravel to the Port, marking return of bulk shipping operations to the Port for the first time in 20 years. 

BIMCO: Rising Capesize deliveries put further risk to market balance

Demolition of dry bulk ships in the first four months of 2019 was 120% higher than in the same period of 2018, an increase mostly driven from demolitions of Capesize ships, up from 1.1 m DWT between January and April 2018 to reach 3.4m DWT in the first four months of 2019.

China’s coastal shipping to face problems due to over-capacity

The Chinese Ministry of Transport informed that dry bulk and container shipping along the country’s coast are experiencing too much capacity, which may lead to reduced rates. As of now, China’s coastal shipping market is stable, but due to increasing issues with over-capacity, it is possible that this stability will change. 

Suez Canal offers extra discount to dry bulk vessels

The Suez Canal Authority (SCA) has moved towards additional discounts concerning dry bulk vessels operating between American and Asian ports after thinking of new changes in the global shipping market and the global economy.

Port of Rotterdam sees its container throughput increase

Port of Rotterdam’s throughput in 2018 resulted to 469.0 million tonnes, a little bit higher than 2017. Container transhipment reached a 4.5% increase in tonnage, whereas measured in TEUs, the standard unit for containers, increased by 5.7% and the annual total was 14.5 million TEUs.

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