Dry Market Roundup
The Capesize market has been closely monitoring China’s iron ore port stocks this week. Exactly one year ago, inventories had dipped to 105.2 million tonnes as of October 13, marking a nearly 20 percent year-on-year drop and hitting their lowest level since October 2016, according to data. Fast forward twelve months, and the landscape has…
Dry Market Roundup
Shipping markets have come to rely heavily upon Chinese demand over the past four decades as China has played an increasingly large role in global trade. Its early advantage of cheap labour helped it become a global centre for producing low-value garments and mass-manufactured goods that it exported to the world. It moved up the…
Empowering Future Generations
MJ Foo, Managing Director of Apex Chemicals, attributes his business acumen to his upbringing in Singapore, where he was exposed to business conversations from a young age through his father. A naturally outspoken individual, MJ is passionate about sports, sunshine, and boundless energy. Throughout his career, MJ has experienced his share of failures, which have…
Apex Chemicals Strengthens Indian Footprint with Mumbai Expansion
Pratik Bijlani – On September 27, Apex Chemicals (S) Pte Ltd achieved a significant milestone with the inauguration of its state-of-the-art office at Mumbai. This strategic expansion demonstrates the company’s deepening dedication to India’s thriving maritime and industrial sectors. As a renowned expert in chemical manufacturing and distribution, Apex Chemicals serves a diverse range of…
Maritime Crime and Piracy Falls to its Lowest Since ’94
Padmesh Prabhune – The rate of maritime crime and piracy have reduced this year to 79 incidents, falling to their lowest level since 1994, according to the latest report by the ICC International Maritime Bureau (IMB). According to the report, the 20 percent decline in incidents this year as compared to the last year marks…
Gujarat HC Orders to Arrest Vessel SW South Wind I
Padmesh Prabhune – The Gujarat High Court has asked the Deenadayal (Kandla) Port office and Customs officials to “arrest” merchant vessel SW South Wind I which is lying at the port and within Indian territorial waters until further orders, posting the next hearing to October 21, of this month.A single judge bench of Justice Nikhil…