Industry News
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MSC CEO: If we don’t buy a ship, our competitors will do the same
In a recent interview with Lloyd’s List, Søren Toft, CEO of MSC, the world’s largest liner shipping company, said that MSC has bought around 250 second-hand container ships since June 2020 because there is enough demand in the market that if we don’t expand our fleet capacity, t...Read more -
With paper mills shutting down and low spot prices starting to emerge, what will paper prices be next year?
US boxboard mills saw a large number of shutdowns in the third quarter, causing US starts to fall to 87.6% in the third quarter from 94.8% in the second quarter of the year. Despite this, this week buyers and sellers said that fluctuations in boxboard capacity at boxboard mills this month...Read more -
End of year paper situation, what is different between this year and previous years?
Every year at the end of the year, for market demand reasons, paper prices have risen to varying degrees, but this year is different from previous years? 1, this year pulp prices have been high, increasing the production costs of paper mills. International environment, on the one hand, the Russia...Read more -
Used container ship transactions plummet
With the container shipping market in the doldrums, container ship prices have recently followed a sharp correction in charter rates, according to Lloyd’s List. This is despite signs that smaller shipowners are returning to the second-hand market in a bid to renew their fleets with modern v...Read more -
LNG transportation market will remain tight for the “foreseeable future”
Paolo Enoizi, CEO of New York-listed GasLog Partners, has publicly stated that tensions in the LNG transportation market will continue in the future due to a combination of vessel scarcity, volatile market conditions, energy security concerns and charterers’ reluctance to release vessels. F...Read more -
International Energy Agency: Russian oil exports to decline by 40% by 2050
The International Energy Agency (IEA) in its latest “World Energy Outlook” (World Energy Outlook), pointed out that the energy crisis caused by the Russian-Ukrainian conflict is prompting countries around the world to accelerate the pace of energy transition, Russia may never be able ...Read more -
Microplastic pollution found for the first time in Antarctica, “paper instead of plastic” is imperative
Antarctica was once known as “the cleanest place on earth. But now, this sacred place is also being polluted. According to The Cryosphere, researchers have found microplastics for the first time in snow samples from Antarctica. paper cup fan raw material Researchers collected 19 snow sample...Read more -
Russia’s Shegza Group ships first kraft paper to China via nuclear-powered vessel
MOSCOW, October 14 (RIA Novosti) – Russian forest industry company Segezha Group has sent its first cargo from St. Petersburg to a Chinese port along the Northern Sea Route, Russian media reported. paper fan cup The Chinese partners will receive kraft paper, which is a high-quality product ...Read more -
Several European paper and printing and packaging organizations call for action on energy crisis
The heads of CEPI, Intergraf, FEFCO, Pro Carton, the European Paper Packaging Alliance, the European Organizing Workshop, the Paper and Board Suppliers Association, the European Carton Manufacturers Association, the Beverage Carton and the Environmental Alliance have signed a joint statement. pap...Read more -
EU officially approves eighth round of sanctions against Russia Pulp and paper imports restricted
On October 5, local time, EU member states approved the latest round (eighth round) of draft sanctions against Russia, including the much-anticipated price cap on Russian oil. The specific sanctions came into effect on the morning of October 6 local time. Paper Cup Fan It is reported that the lat...Read more -
Analysts say: the U.S. cardboard industry has a serious inventory overhang, and the situation is likely to worsen until 2023
Jefferies analyst Philip Ng downgraded International Paper (IP.US) and Packaging Corporation of America (PKG.US) from “hold” to “reduce” and lowered their price targets to $31 and $112, respectively, WisdomTree has learned. (PKG.US) from “Hold” to “Reduce...Read more -
Rising costs, German toilet paper producers start producing from coffee grounds!
Due to a sharp rise in costs, Germany’s leading toilet paper producer Harkler began to produce with coffee grounds as raw material to ease the difficult situation. Dihui Paper Cup Fan The European food industry produces a large amount of coffee grounds every year, and Hackler has found a wa...Read more