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Russian forces have struck two vessels carrying weapons and military equipment to Ukrainian ports near Odesa, the Russian Defence Ministry said on Wednesday.Reuters could not independently verify the report.The ministry later said Russian forces had also hit a fuel storage facility in Odesa, two add
https://www.marinelink.com/news/russia-strikes-additional-vessels-541618
https://www.marinelink.com/news/russia-strikes-additional-vessels-541618The Baltic dry index fell 1.2% to 2,632 on Wednesday, its lowest in four weeks. The capesize index, which typically transports 150,000 ton cargoes, including iron ore and coal declined 1.8% to 4,067, its lowest since July 21. Also, the supramax index decreased 1.2% to 1,628, its lowest level since June 10. On the other ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-4-week-low/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-4-week-low/Capesize Vessel-Age Share of Tonne-Mile Demand: Iron Ore vs Bauxite Each chart shows the share of the trade’s Capesize tonne-mile demand carried by five vessel-age bands, by year from 2015 to 2026 (year-to-date). The tables below give the share in 2015, 2020, 2025 and 2026 year-to-date, with the change over the decade (2015 to 2026 ...
https://www.hellenicshippingnews.com/capesize-vessel-age-share-of-tonne-mile-demand-iron-ore-vs-bauxite/“Uncertainty over the Strait of Hormuz remains central to the outlook. A three-week ceasefire between the US and Iran allowed transits to partly recover, but safety conditions have since deteriorated. Under normal market conditions, around 4% of dry bulk cargoes and tonne-mile demand sail through the strait,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-el-nino-to-act-as-a-new-demand-shock-bimco-says/Chinese state-owned carrier Zhenghe Mainline has returned to Hengli Shipbuilding for six 4,600 teu containerships in a deal worth more than RMB3bn ($443m). The ships will be deployed on a service linking Taicang with the Baltic after delivery, giving parent Jiangsu Port Group greater control over capacity serving exporters in eastern China. The carrier also …
https://splash247.com/zhenghe-mainline-books-six-boxships-at-hengli/
https://splash247.com/zhenghe-mainline-books-six-boxships-at-hengli/Thomas Zaidman, CEO, Sagitta Marine SA, argues that making commercial decisions is now more about managing uncertainty than trying to eliminate risk. For decades, the dry bulk freight market could be understood through a relatively straightforward framework. Freight rates rose and fell with Chinese steel production, agribulk-related seasonality, fleet growth and the larger cycles of …
https://splash247.com/dry-bulk-volatility-is-no-longer-the-risk-its-the-business-model/
https://splash247.com/dry-bulk-volatility-is-no-longer-the-risk-its-the-business-model/Energy trader BGN has launched its first US retail bunkering operation, supplying conventional marine fuels from Houston across the Gulf Coast. The new business will offer high sulphur fuel oil, very low sulphur fuel oil and marine gasoil to shipowners calling at ports across the region. BGN will initially use the operation to supply its …
https://splash247.com/bgn-launches-us-gulf-bunkering-arm/
https://splash247.com/bgn-launches-us-gulf-bunkering-arm/Sallaum Lines has returned to China Merchants Shipyard for another large car carrier newbuilding, signing for one firm 8,600 ceu vessel with an option for a second. The LNG dual-fuel ship will be built ammonia-ready and is scheduled for delivery in 2029.The latest contract follows Sallaum’s order last month for two firm and two optional …
https://splash247.com/sallaum-lines-expands-car-carrier-orderbook-with-fresh-china-deal/
https://splash247.com/sallaum-lines-expands-car-carrier-orderbook-with-fresh-china-deal/Transnet National Ports Authority (TNPA) has docked the Marshall Islands-flagged crude oil tanker Troy at the Port of Durban’s Prince Edward Graving Dock. Measuring 228 m in length, with an extreme breadth of 32.2 m and a deadweight capacity of 73,180 tonnes, Troy is among the longest vessels to utilise the Prince Edward Graving Dock. …
https://splash247.com/repair-options-boosted-in-south-africa/
https://splash247.com/repair-options-boosted-in-south-africa/Greek owner JME Navigation has returned to China’s New Dayang Shipbuilding for another ultramax, securing one of the yard’s remaining 2030 delivery positions. Brokers report that the 64,000 dwt Crown 63 vessel is due in early 2030. The contract was reportedly signed some time ago but has not been announced by JME, New Dayang or …
https://splash247.com/jme-adds-to-new-dayang-ultramax-series/
https://splash247.com/jme-adds-to-new-dayang-ultramax-series/