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If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities…
https://www.marinelink.com/news/marine-news-us-shipbuilding-report-513079
https://www.marinelink.com/news/marine-news-us-shipbuilding-report-513079Maritime technology companies Helm Operations and Spinergie announced they are teaming up to create a fully integrated fleet optimization platform and centralized source of record keeping.The partnership will integrate vessel management system…
https://www.marinelink.com/news/helm-operations-spinergie-partner-fleet-513080
https://www.marinelink.com/news/helm-operations-spinergie-partner-fleet-513080The leader of Yemen's Iran-aligned Houthis, who have been attacking shipping in the Red Sea, said on Thursday the group had carried out "operations" in the Indian Ocean and towards southern Israel.Abdul Malik al-Houthi's comments made clear…
https://www.marinelink.com/news/houthis-conduct-operations-indian-ocean-513081
https://www.marinelink.com/news/houthis-conduct-operations-indian-ocean-513081The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai…
https://www.marinelink.com/news/us-riles-china-shipbuilding-probe-513082
https://www.marinelink.com/news/us-riles-china-shipbuilding-probe-513082Cavotec announced it has signed an order for shore power with a global shipping company, valued at about $5 million.The order from an undisclosed global shipping company includes a substantial number of PowerFit shore power units, enabling vessels to connect to shore power with ease while docked.
https://www.marinelink.com/news/cavotec-bags-million-shore-power-order-513083
https://www.marinelink.com/news/cavotec-bags-million-shore-power-order-513083Uzmar Shipyard in Istanbul, Turkey has launched a first-of-its-kind tractor tug for Turkish operator BOTAS.The vessel, named the Sultanhani, was launched on February 27 as the world’s first Voith propelled tractor tug with liquefied natural gas (LNG) dual fuel propulsion.
https://www.marinelink.com/news/uzmar-launches-firstofitskind-tractor-tug-513084
https://www.marinelink.com/news/uzmar-launches-firstofitskind-tractor-tug-513084Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S.
https://www.marinelink.com/news/venezuela-oil-sector-hit-loss-widest-us-513085
https://www.marinelink.com/news/venezuela-oil-sector-hit-loss-widest-us-513085Iron ore futures rose for a second straight session on Thursday, underpinned by heightened expectations of growing demand in top consumer China on the back of improved downstream demand and steel margins. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 3.07% higher at 874 yuan ($120.75) a ...
https://www.hellenicshippingnews.com/iron-ore-extends-gains-on-expectations-of-growing-china-demand/
https://www.hellenicshippingnews.com/iron-ore-extends-gains-on-expectations-of-growing-china-demand/After a trading lull during the Lunar New Year in early February, US-Brazil met coal freight has dipped further, as time-charter rates dropped to mid-$13,000s/d on April 16, from the high $16,000s at the beginning of March. This fall was fueled by heightened by more-profitable grain-loading activity in East Coast South America, according to market ...
https://www.hellenicshippingnews.com/us-brazil-met-coal-freight-slumps-as-shipowners-shift-focus-to-ecsa-grains/The Baltic Exchange’s dry bulk sea freight hit a more than three-week high on Thursday, driven by robust demand across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 57 points, or 3.1%, to 1,901 points, its highest level since March 26. The capesize index ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-3-week-high-as-vessel-rates-climb/
https://www.hellenicshippingnews.com/baltic-index-hits-over-3-week-high-as-vessel-rates-climb/