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In a major move to accelerate the U.S. Coast Guard’s icebreaking fleet expansion, Bollinger Shipyards, Rauma Shipyards, Seaspan Shipyards, and Aker Arctic announced a partnership to deliver next-generation Arctic Security Cutters (ASCs) under…
https://www.marinelink.com/news/icebreaker-construction-seaspan-bollinger-528438
https://www.marinelink.com/news/icebreaker-construction-seaspan-bollinger-528438Latest data from Xeneta, an ocean and air freight intelligence platform, shows average spot rates from China to the US West Coast are down 59% since June 1, 2025, at USD 2 268 per FEU (40ft container). Rates have also plummeted into the US East Coast…
https://www.marinelink.com/news/xeneta-warns-freight-rates-may-continue-528440
https://www.marinelink.com/news/xeneta-warns-freight-rates-may-continue-528440French shipping giant CMA CGM said on Tuesday it is interested in taking over some of CK Hutchison's ports after the Hong Kong conglomerate's exclusive talks ended with a consortium led by BlackRock this week.CK Hutchison agreed in March to…
https://www.marinelink.com/news/cma-cgm-interested-taking-ck-hutchisons-528442
https://www.marinelink.com/news/cma-cgm-interested-taking-ck-hutchisons-528442The owners of three vessels chartered by India's Nayara Energy have asked to end their contracts with company, six sources familiar with the matter said on Tuesday, under pressure from EU sanctions imposed on the Russian-owned refiner.Nayara…
https://www.marinelink.com/news/vessel-owners-seek-end-contracts-528443
https://www.marinelink.com/news/vessel-owners-seek-end-contracts-528443Iron ore futures prices held well over the key psychological level of $100 a metric ton on Tuesday, while investors closely monitored the renewed Sino-US trade talks for signs of progress. The benchmark September iron ore on the Singapore Exchange climbed 1.9% to $102.7 a ton, as of 0700 GMT. The most-traded September iron ore ...
https://www.hellenicshippingnews.com/iron-ore-stays-above-100-t-amid-sino-us-trade-talks-coal-slump-continues/Major bulk, made up of iron ore, coal, and grains, export volumes through the first half of the year have consistently fallen below that of 2024, but still sit within normal ranges. The global geopolitical landscape has been marked by uncertainty, rising tensions, and greater protectionist policies. In particular, China and the US have continued ...
https://www.hellenicshippingnews.com/steel-crops-coal-the-global-tug-of-war/
https://www.hellenicshippingnews.com/steel-crops-coal-the-global-tug-of-war/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, fell on Tuesday to its lowest level in a week, pressured by weaker demand across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 117 points, or 5.3%, to 2,109 points, ...
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-low-as-vessel-rates-across-segments-fall/Diversified UK shipowner Union Maritime has closed a $130m delivery financing package for two next‑generation LR2 tankers. The deal was led by Société Générale and the Export–Import Bank of China and arranged through a syndicated facility. The vessels are scheduled for delivery from Yangzijiang Shipbuilding in late 2025 and early 2026. Each tanker newbuild will …
Consulting and engineering firm Wood has added another chapter to the takeover saga that has been going on since last year. Dar Al-Handasah Consultants Shair and Partners Holdings, also known as Sidara, has been courting the UK firm with different offers to sell up since April of last year. After declining several offers, Wood finally …
https://splash247.com/wood-sidara-saga-continues-with-more-delays/
https://splash247.com/wood-sidara-saga-continues-with-more-delays/Greece-based offshore contractor Asso.subsea has been awarded the nearshore cable installation scope for TenneT’s three projects offshore Germany. The three projects are part of TenneT’s 2GW program and include BalWin4, LanWin1, and LanWin5, located off the northwestern coast of Baltrum Island. This also marks the beginning of a new collaboration between Asso.subsea and Jan De …
https://splash247.com/asso-subsea-scores-cabling-work-for-tennet-off-germany/
https://splash247.com/asso-subsea-scores-cabling-work-for-tennet-off-germany/