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Chinese coal shortage endures and boosts earnings in dry bulk market

Coal is in high demand in China, and by all appearances, the appetite for coal will not abate in the coming months, benefiting dry bulk operators. Norden and Lauritzen note how the Chinese coal policy – in addition to its import ban from Australia – serves to strengthen an already strong market. Clarified.

Dan-Bunkering boosts earnings before tax by 28 percent

Dan-Bunkering, which is part of Torben Østergaard-Nielsen's USTC group, increased its earnings before tax by 28 percent for the latest fiscal year. The bunker company saw a significant rise in volumes, particularly in the Asian market, despite a drop in global demand.

Yantian hurts reliability more than Suez despite rising activity

The port of Yantian is gradually reopening, and the terminals are on their way to an operation of 70 percent, according to Kuehne+Nagel. However, the line of ships is growing and the situation is expected to have a greater effect on the container market than the Suez blockage.

Ziton must raise new capital following breach of loan requirements

After losses in 2020 and the first months of 2021, wind carrier Ziton has been unable to comply with the requirements in the company's loan agreements. Last year, Ziton canceled a share issuance, but the company is now resuming its search for fresh capital. "The capital market has changed since then," the CEO tells ShippingWatch.

DFDS sets up shore power facility for ferries

In collaboration with Copenhagen Malmö Port, DFDS is setting up a shore power facility at the ferry terminal in Copenhagen. The new facility will benefit the environment by limiting exhaust gases while in port.

APM Terminals appoints new head of Asia region

Maersk appoints a new head of APM Terminals in Asia. In addition to the leadership change, the port company's regional headquarter is moving from Hong Kong to Singapore, the company informs.

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