In December, the Baltic Dry Index hit a four year high

Read more: CW RESEARCH: SHIPPING (DECEMBER UPDATE)

Essar Vizag Terminal Ltd (EVTL) announced it took a week-long shutdown to complete the installation and commissioning of an 8,000 TPH (tons per hour) Ship Loader that forms a part of the company's Rs 830-crore expansion plan to upgrade the iron ore handling capacity of the Vizag Terminal (outer harbor) from 12.5 MTPA to 23 MTPA.

Read more: Essar Vizag Terminal installs 8,000 TPH Ship Loader

In the third quarter of 2017, PT Pelabuhan Indonesia 3 (Pelindo 3) expanded its fleet of Konecranes equipment by placing an order for three Model 4 and two Model 5 rubber-tired mobile harbor cranes for its Tanjung Perak Port to serve vessels carrying containers, general cargo or bulk as required.

Read more: Indonesian port operator Pelindo 3 orders five KonecranesÔÇÖ mobile harbor cranes for Surabaya...

The Port of Tilbury, London's major port, has submitted an application for a development consent order (DCO) to the Planning Inspectorate to build a new terminal adjacent to the current port in Thurrock.

Read more: London's Port of Tilbury plans to build new terminal