ShipOracle News
Stainless Tankers of Norway is set for a leadership change later this year. The Oslo-listed outfit backed by UK-based Tufton Investment Management will be headed by Tufton’s chief executive, Andrew Hampson, after Alex Karakassis steps down on June 30. “I would like to pass on my sincere thanks on behalf of the entire board for …
https://splash247.com/new-chief-executive-for-stainless-tankers/
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US tanker owner International Seaways has expanded its orderbook of LR1 newbuilds in South Korea to six vessels. The New York-listed firm said it had declared options for two additional scrubber-fitted LNG-ready 75,000 dwt product carriers for delivery in the third quarter of 2026. The Lois Zabrocky-led owner and operator of 81 ships contracted four …
https://splash247.com/international-seaways-swells-lr1-orderbook/
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The second in a series of new construction service operation vessels (CSOV) being built for Olympic has entered the outfitting phase.The newbuild was towed from the Crist hull yard in Poland, arriving on Wednesday at Ulstein Verft in Norway where the outfitting phase will now begin.
https://www.marinelink.com/news/ulstein-verft-begins-outfitting-olympics-513562
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U.S.-based classification ABS on Wednesday announced it is expanding its partnership with Singaporean shipbuilding group Seatrium to advance cutting-edge marine and technology projects that target decarbonization and energy transition in the…
https://www.marinelink.com/news/abs-seatrium-partner-decarbonization-513563
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Fairfield Chemical Carriers has taken deliver of its latest vessel, Fairchem Pathfinder, a 26,222 DWT IMO 2/3 chemical tanker built by Japan's Fukuoka Shipbuilding.Fairchem Pathfinder is the first in a series of four LNG-dual fuel sister vessels…
https://www.marinelink.com/news/fukuoka-shipbuilding-delivers-new-513564
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American aerospace manufacturer ULA on Wednesday announced it has ordered a new ship to transport rockets from its factory in Decatur, Ala. to launch sites at Cape Canaveral Space Force Station in Florida and Vandenberg Space Force Base in California.ULA…
https://www.marinelink.com/news/ula-orders-rocket-transport-ship-513566
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The Olympic flame landed on French soil amid tight security on Wednesday, firing the starting gun on a summer extravaganza of sport that President Emmanuel Macron hopes will showcase the splendours of France and burnish his legacy.The flame arrived in Marseille…
https://www.marinelink.com/news/olympic-flame-sails-marseille-aboard-513567
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VARD announced it has been awarded a contract to design and build a hybrid power Ocean Energy Construction Vessel (OECV) for the Norwegian shipping group Island Offshore. The deal includes options for two more vessels.The vessel, to be named Island Evolution…
https://www.marinelink.com/news/vard-build-hybrid-ocean-energy-513568
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Iron ore futures prices slipped on Wednesday amid rising inventories at Chinese ports, despite hopes for greater intervention in the country’s flagging property market. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended day time trading 2.91% lower at 866 yuan($119.85) a metric ton. Prices erased gains from a 2.63% ...
https://www.hellenicshippingnews.com/iron-ore-slips-amid-high-inventories-at-china-ports/
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ShipOracle News
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.170 to 1.180 billion metric tons, similar to last year’s 1.18 billion tons, a senior official of miner Vale said on Wednesday. “In the near term, we are still seeing strong resilience in the Chinese economy, although the ...
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