Prime Gain
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News & Publications
Every month we share a few news items for your interest that we consider relevant to our industry. Enjoy!
01
Freight and Shipping News
Dry Bulk Market,Hellenic Shipping News 04/11/2021
The dry bulk market has entered a new reality of late, with rates retreating across the board, as evidenced by the Platts Dry Bulk weighted average indexes pictured. “With China slowing down on purchases of coal and iron ore as well as other minor bulks such as nickel ore, dry bulk freight rates have started to move south. We are witnessing big corrections in the freight rates for spot chartering Capesize, Panamax/Kamsarmax, Supramax and Handysize/Handymax bulkers. The market expects rates to descend further and sentiment to stay soft for most of Q4”, says Pradeep Rajan, Head of Asia Freight Pricing, S&P Global Platts.
02
Solar News
The Conversation, October 30, 2021
An astonishing 82% decrease in the cost of solar photovoltaic (PV) energy since 2010 has given the world a fighting chance to build a zero-emissions energy system which might be less costly than the fossil-fuelled system it replaces. The International Energy Agency projects that PV solar generating capacity must grow ten-fold by 2040 if we are to meet the dual tasks of alleviating global poverty and constraining warming to well below 2°C.
03
Research and development
Weixin QQ News, July 24, 2021
The PRC Government recognises the bottle neck regarding supply of high quality silica sand and is forecasting a large supply gap which will result in a shortage of photovoltaic glass by 2025. Working with LinYi University (known as the "School of Materials Science and Engineering"), the Shandong Yihe (Group) New Material Co., Ltd claims to have been able to develop a solution. It is an acid-free, roast-less quartz purification process. The intention is to scale up production capacity to 3 million tons to serve the photovoltaic, ultra-white glass, solar and other high-end glass panel to close the national demand gap.
04
Financial company news
XYZ Interim Results, September 30, 2021
In comparison with the same period in 2020, turnover of the Group increased by approximately 90.3% to approximately HK$13,575.5 million during the six months ended 30 June 2021. The net profit attributable to equity holders of the Company for the review period increased by approximately 289.0%, to approximately HK$5,377.0 million.