Day: January 24, 2025

Capes carrying more bauxite than coal for the first time

Energy News Beat Seanergy Maritime China’s remarkable thirst for bauxite to manufacture aluminium has helped prop up cape rates considerably in recent years. Now for the first time, the capesize fleet in carrying more bauxite than coal, according to broker Arrow.  “Volumes from Guinea have surged at the start of the year, whilst panamaxes have […]

GSB Tankers and Asahi Tanker form chemical tanker JV

Energy News Beat AsiaTankers Asahi Tanker GSB Tankers and Asahi Tanker have jointly established the Asia Chemical Tanker Alliance (ACTA) to manage the operation and commercial management of chemical tankers ranging from 10,000 to 15,000 dwt. ACTA is headquartered in Singapore, with an additional office in Tokyo. Initially, the joint venture will manage four chemical […]