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Transnet to Cut Transport of Non-Essential Cargo During Lockdown

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South Africa's logistics firm Transnet said it would reduce transport services and non-essential cargo operations during a nationwide lockdown that began at midnight on Thursday to contain the coronavirus.The state-owned company said shipments of metals and minerals would depend on demand and government approval.

More Bad News for Bulkers, as South African Ports Close for Mineral Exports

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South Africa's main export terminals will be closed to mineral exports from midnight on Thursday when a nationwide 21-day lockdown over coronavirus begins, disrupting copper supply chains linking major producer Zambia to Asian consumers.Miners in the Zambian copper belt typically transport copper overland to South Africa's ports,

St. Lawrence Seaway/Great Lakes Shipping Season Commences

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The St. Lawrence Seaway’s 62nd navigation season kicked off on Tuesday with the transit of the Canadian-flagged cement carrier NACC Argonaut through Lock 8 on the Welland Canal.Then, in the early hours on Wednesday morning, first U.S.-flag commercial vessel transited the locks at Sault Ste. Marie, Mich.

Diana Shipping CEO Tests Positive for COVID-19

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Simeon Palios, chairman and CEO of Greek shipowner Diana Shipping, has tested postitive for COVID-19, and the company's board has appointed his daughter, deputy CEO Semiramis Paliou, as acting CEO on a temporary basis.As of March 24, Diana's fleet consists of 41 dry bulk vessels (four Newcastlemax, 13 Capesize,

Baltic Index Down on Dim Vessel Demand

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The Baltic Exchange's main sea freight index fell on Tuesday, recording its steepest fall in over a month on lower rates across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 14 points, or 2.3%, to 603, its biggest daily percentage decline since Feb.

Could Coronavirus Disruption Offer an Opportunity for China Shipyards?

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A decline in the rate of infections in China provides yards with the opportunity to reorganize their delivery schedules to address an approaching output slump, says Maritime Strategies International (MSI)The welcome news of declining rates of coronavirus infections in China, together with steps already

Baltic Index Posts First Loss in 6 Weeks

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The Baltic Exchange's main sea freight index fell on Friday, posting its first weekly fall in six weeks, weighed by lower panamax and supramax vessel rates.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 5 points, or 0.8%, to 625.

Baltic Index Inches Higher On Capesize Demand

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The Baltic Exchange's main sea freight index inched up on Thursday, as stronger demand for capesize vessels offset a fall in panamax and supramax vessel rates.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, was up by a point, or 0.

Cape Town Ships Cleared After Negative COVID-19 Tests

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Test results from the individuals suspected to be the first cases of COVID-19 in any South African seaport have all come back negative, Transnet National Ports Authority has confirmed.Earlier this week two vessels, the general cargo vessel MV Corona and the cruise ship AIDAmira, were held off port limits outside the Port of Cape Town.

China Iron Ore Recoups Losses Amid Stimulus Hopes

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 China's iron ore futures erased earlier losses to end flat on Thursday, regaining support as miner Vale SA said it may temporarily halt activities at its Malaysian distribution center as a safety measure against the coronavirus pandemic.Iron ore's most-traded contract on the Dalian Commodity Exchange steadied at 678 yuan ($95.

BIMCO Revises 2020 Forecast

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The coronavirus pandemic is impacting global shipping demand for 2020 negatively. The speed of the virus spread makes it difficult to assess the full consequences. Nevertheless, we see a need to update our 2020 forecast to make some of this massive uncertainty tangible.What is going on in addition to

Baltic Index Rises On Higher Capesize Rates

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The Baltic Exchange's main sea freight index rose on Wednesday, after seven straight sessions of losses, on stronger demand for capesize vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, gained 17 points, or 2.8% to 629.The capesize index was up by 85 points at -204,

Indonesia Revokes Rule Requiring Domestic Ships for Some Exports

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Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan told reporters on Wednesday.Indonesia, the world's biggest thermal coal exporter, issued regulations

South Africa Quarantines Two Ships

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South Africa is holding the cruise liner MV AIDAmira and a cargo vessel off Cape Town after a crew member on board one of the ships showed signs of the coronavirus, national ports operator Transnet said on Tuesday.On Sunday President Cyril Ramaphosa declared a state of disaster and implemented urgent

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