ShipOracle News
Uncle Sam wants you — to choose a career in welding. The chronic shortage of qualified welders has been well documented. The American Welding Society (AWS) even created a website — www.weldingworkforcedata.com — so that industry and the media could share accurate data. Currently, the U.S.
https://www.marinelink.com/news/apprenticeship-programs-key-future-marine-513819
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Mobile, Ala. shipbuilder Silver Ships announced it has delivered the first four coastal fast response boats (CFRB) under a contract award worth $6.12 million from the Naval Sea Systems Command.The vessels were designed and constructed as a part of the U.S.
https://www.marinelink.com/news/silver-ships-delivers-first-four-coastal-513820
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Electramar, the first in a series of 12 plug-in hybrid vessels being built by Chowgule and Company shipyard in India for ESL Shipping's subsidiary AtoB@C Shipping, was christened in the city center of Helsinki on May 15.The vessel’s godmother is Paula Ojala…
https://www.marinelink.com/news/esl-shippings-first-plugin-hybrid-vessel-513821
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China’s iron ore imports are likely to climb to an all-time high this year, helped by shipments from India and Ukraine, as well as resilient demand in the world’s biggest consumer of the key steelmaking ingredient, analysts and market participants said. Imports are expected to rise between 15 to 50 million metric tons from last ...
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The Baltic Exchange’s main sea freight index marked its best week in more than two months on Friday, despite a daily decline attributed to weakness in capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 37 points, or 1.7%, to 2,129. The index was up more ...
https://www.hellenicshippingnews.com/baltic-dry-bulk-index-logs-best-week-in-more-than-two-months/
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This five-part story series examines the coking coal market from a few angles. This first part focuses on India’s rising importance in spot markets. The second part visualizes the nation’s meteoric rise in met coal demand, the third examines Australia’s continued dominance as an exporter, the fourth examines Chinese demand, while the fifth explores how ...
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Capesize Following the UK Bank holiday, Tuesday marked a strong start for the Capesize market with rising rates in both the Pacific and Atlantic regions, driven by increased miner activity and healthy cargo volumes particularly in the Pacific. The C5 index moved up by $0.84 to $11.650. There were significant gains in the North Atlantic ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-posts-strong-bounce-this-week/
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Iron ore futures prices strengthened on Monday, as news of more bond issuance by Chinese authorities to spur economic growth outweighed the impact of weaker-than-expected credit data in the top consumer. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) shrugged off earlier losses and ended daytime trading 2.42% higher at 888 ...
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China’s imports of major commodities for April show the impact of price trends, with strength where prices were trending down and weakness where prices were moving higher. The temptation for market observers is to view China’s commodity imports through the prism of how the world’s second-biggest economy is performing, but it increasingly appears that price ...
https://www.hellenicshippingnews.com/chinas-commodity-imports-show-prices-beat-economic-narrative/
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The Baltic Exchange’s main sea freight index fell for the third consecutive session on Monday, weighed down by lower capesize and panamax vessel rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 63 points, or 2.96%, to 2,066. The capesize index slipped 184 points, or 5.59%, to 3,108. ...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-as-larger-vessel-rates-dip/
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