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ABS Chairman and Chief Executive Christopher J. Wiernicki spoke about the application of advanced strategies to improve shipbuilding competitiveness at the Manufacturing at Massachusetts Institute of Technology (MIT) Symposium.Speaking on the…
https://www.marinelink.com/news/wiernicki-presents-vision-new-525643
https://www.marinelink.com/news/wiernicki-presents-vision-new-525643Indonesia’s exports of thermal coal have dropped to their lowest in three years so far in 2025, dented by weak demand in China and India – the world’s two largest coal consumers. The world’s largest exporter of coal for power generation shipped out 150 million tons of thermal coal over the first four months of ...
https://www.hellenicshippingnews.com/indonesia-coal-exports-post-rare-decline-so-far-in-2025/
https://www.hellenicshippingnews.com/indonesia-coal-exports-post-rare-decline-so-far-in-2025/Iron ore futures prices climbed on Monday as the world’s two largest economies agreeing to a deal to slash reciprocal tariffs and a 90-day pause on measures lifted investor sentiment. The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a ...
https://www.hellenicshippingnews.com/iron-ore-climbs-as-us-china-agree-to-slash-tariffs/
https://www.hellenicshippingnews.com/iron-ore-climbs-as-us-china-agree-to-slash-tariffs/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose on Monday to snap a four-session losing streak buoyed by higher capesize and supramax rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, gained 5 points, or 0.39%, to 1,304, its ...
https://www.hellenicshippingnews.com/baltic-index-inches-up-on-higher-capesize-supramax-rates/
https://www.hellenicshippingnews.com/baltic-index-inches-up-on-higher-capesize-supramax-rates/In a significant curtailment of the trade war between the world’s two largest economies, the United States and China have agreed to considerably slash tariffs for the next 90 days. As part of the deal reached in Geneva over the weekend, US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115%, …
https://splash247.com/us-and-china-agree-to-slash-tariffs/
https://splash247.com/us-and-china-agree-to-slash-tariffs/Norway’s Olympic has secured a five-year firm contract with Aker BP for the construction service operation vessel (CSOV) Olympic Notos. The deal with options for another five years will see the 2024 Ulstein-built unit serve as a dedicated walk-to-work vessel at the unmanned production platform Munin in the Yggdrasil area from the fourth quarter of …
https://splash247.com/olympic-scores-long-term-csov-contract-with-aker-bp/
https://splash247.com/olympic-scores-long-term-csov-contract-with-aker-bp/Danish offshore wind vessel operator Esvagt has officially formed a joint venture with South Korean shipping company KMC Line. The jv named KESTO will target the growing South Korean offshore wind market, where current plans include as much as 18.3 GW offshore wind to be established by 2030. The two companies said the new business …
https://splash247.com/esvagt-and-kmc-line-firm-up-korean-offshore-wind-venture/
https://splash247.com/esvagt-and-kmc-line-firm-up-korean-offshore-wind-venture/Dutch owner JR Shipping has set out to return to the shortsea dry cargo sector with two diesel-electric newbuilds to be built at Chowgule Shipbuilding in India. The Harlingen-based group will be adding 8,500 dwt ships with delivery scheduled for the end of June 2027 and the end of February 2028. The newbuildings are part …
https://splash247.com/jr-shipping-poised-for-dry-bulk-return-with-newbuild-brace/
https://splash247.com/jr-shipping-poised-for-dry-bulk-return-with-newbuild-brace/Danish vessel owner ESVAGT and South Korean shipping firm KMC Line have signed an agreement to establish a new joint venture KESTO, dedicated to the growing South Korean offshore wind market.Through a joint venture partnership with KMC Line…
https://www.marinelink.com/news/esvagt-kmc-line-launch-offshore-wind-jv-525596
https://www.marinelink.com/news/esvagt-kmc-line-launch-offshore-wind-jv-525596Maritime defense and oceanographic survey company Saildrone has appointed Vice Admiral John Mustin as its President, who will focus on growing the defense business.In his role, Mustin will work alongside Richard Jenkins, Saildrone founder and…
https://www.marinelink.com/news/saildrone-names-former-vice-admiral-new-525604
https://www.marinelink.com/news/saildrone-names-former-vice-admiral-new-525604