ShipOracle News
Iron ore futures extended gains on Friday to their highest in more than one week andwere on track for a weekly gain, supported by resilient consumption and a brighter demand outlook in top consumer China thanks to its latest property stimulus efforts. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ...
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ShipOracle News
China’s domestic iron ore concentrate output in 2024 will rise between 5 million and 10 million metric tons from the year before, its state-backed steel association said on Friday. “The key domestic iron ore projects have made noticeable progress thanks to efforts from various parties,” the China Iron and Steel Association (CISA) said in a ...
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ShipOracle News
The Baltic Exchange’s main sea freight index recorded its worst week in seven, weighed down by weaker demand across vessel segments. However, an uptick in capesize vessel rates helped snap a six-session losing streak on Friday. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 27 points, or ...
https://www.hellenicshippingnews.com/baltic-index-marks-worst-week-in-seven-on-lower-vessel-demand/
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The incoming new president of Panama has put water levels at the country’s canal as one of his most important items on his agenda. Jose Raul Mulino won last Sunday’s elections and will take office for a five-year term from July. Interviewed by Reuters, Mulino said he would try and get lawmakers to approve a …
https://splash247.com/panamas-president-elect-vows-to-make-canal-water-security-top-priority/
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ShipOracle News
Greece’s Pantheon Tankers has emerged as the latest owner with orders for VLCCs in China. Brokers report the Anna Angelicoussis Kanellakis-backed owner of nearly 40 tankers signing up for a pair of 307,000 dwt newbuilds at Dalian Shipbuilding Industry Co (DSIC) with deliveries in 2027. Genoa-based shipbroking group Banchero Costa has placed the price tag …
https://splash247.com/pantheon-tankers-in-for-vlcc-brace-at-dalian/
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Explosives will be used to remove a section of the bridge pinning the Dali containership to the riverbed in Baltimore. The Key Bridge Response Unified Command is scheduled to use precision cuts made with small charges to remove a large section of the Francis Scott Key Bridge wreckage from on top of the boxship, which …
https://splash247.com/explosives-to-be-used-in-baltimore-to-help-free-dali-boxship/
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It was a captivating final debate at the opening day of the inaugural Geneva Dry event a week ago, which saw panellists examine the future of fixing ships and the future of broking as a long-lasting integral part of the shipping industry. Hosting the panel, Tim Huxley, head of Mandarin Shipping and one of the …
https://splash247.com/future-of-fixing-stirs-debate-in-geneva/
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Moving Russian oil through Europe has come under far greater scrutiny in recent weeks with the bloc widely expected to take further measures against the so-called shadow fleet when further European Union sanctions are unveiled shortly. In the southeast of the continent, the Greek navy has this month made ship-to-ship transfers impossible at one of …
https://splash247.com/europe-takes-action-against-russian-linked-tankers/
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China Merchants Shipping has lined up a massive newcastlemax shipbuilding programme at two domestic yard. Shipbuilding sources report the Group’s Ming Wah Shipping forking out nearly $1.4bn ($1.385bn) for up to eighteen 210,000 dwt units spread across New Times Shipbuilding and CSSC Qingdao Beihai Shipbuilding. New Times will take on eight firm and two optional …
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The first of two incomplete ultra high-spec multipurpose support vessels (MPSV) has arrived at Eastern Shipbuilding Group's Port St. Joe Shipyard, where the builder will finish constructing the vessel for Hornbeck Offshore Services.Earlier this year…
https://www.marinelink.com/news/unfinished-hornbeck-mpsv-arrives-eastern-513570
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