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According to data released by the U.S. Census Bureau in September, the United States exported 46.8 million short tons (MMst) of coal in the first half of 2025 (1H25), an 11% decline from 1H24. Steam coal exports totaled 22.5 MMst, a 10% decline from 1H24. Metallurgical coal exports totaled 24.2 MMst, a 13% decline from ...
https://www.hellenicshippingnews.com/u-s-coal-exports-declined-11-in-the-first-half-of-2025-due-to-reduced-exports-to-china/Iron ore futures slid on Friday, weighed down by dwindling demand and rising inventories in top consumer China, but hopes of a trade deal between the world’s two-largest economies kept prices on track for weekly and monthly gains. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.56% lower ...
https://www.hellenicshippingnews.com/iron-ore-slips-on-falling-demand-rising-stocks-eyes-weekly-monthly-gains/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, edged lower on Friday and recorded its weakest monthly performance since April. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 17 points, or 0.9%, to 1,966 points. It was down about 7.9% for ...
https://www.hellenicshippingnews.com/baltic-index-records-first-monthly-drop-since-april/
https://www.hellenicshippingnews.com/baltic-index-records-first-monthly-drop-since-april/Australia has maintained its leading position in the seaborne iron ore trade, as over half of the global iron ore exports are coming from it. In its latest weekly report, shipbroker Banchero Costa said that “2024 was another positive year for global seaborne iron ore trade. In Jan-Dec 2024, global loadings of iron ore increased ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-australian-iron-ore-exports-command-more-than-50-of-the-global-market-share/Offshore accommodation vessel specialist Prosafe has won an extension from Ithaca Energy in the UK North Sea. Ithaca Energy exercised two weeks of options for the 1982-built and 2012-upgraded Safe Caledonia to continue providing accommodation support at the Captain field. The vessel will stay with the company until mid-December 2025. Ithaca has a further 10 …
https://splash247.com/ithaca-exercises-option-to-keep-prosafe-flotel-longer-at-uk-field/
https://splash247.com/ithaca-exercises-option-to-keep-prosafe-flotel-longer-at-uk-field/Indian engineering conglomerate Larsen & Toubro (L&T) has replaced Petrofac in the high-voltage direct-current (HVDC) offshore wind programme led by Germany’s transmission system operator TenneT. In partnership with Hitachi Energy, L&T will deliver HVDC converter stations for the project, which aims to accelerate the integration of large-scale renewable energy into the European power grid, particularly …
https://splash247.com/lt-steps-in-for-petrofac-on-tennets-2gw-offshore-wind-grid-projects/
https://splash247.com/lt-steps-in-for-petrofac-on-tennets-2gw-offshore-wind-grid-projects/Pierre Aury on how little the world listens to Brussels. The International Maritime Organization (IMO) just postponed by one year its vote on the final version of the rules to deal with the decarbonisation of shipping, rules referred to as the Net Zero Framework (NZF). Although we are flabbergasted that this postponement was obtained through, …
https://splash247.com/shipping-calls-time-on-eu-climate-overreach/
https://splash247.com/shipping-calls-time-on-eu-climate-overreach/Kongsberg Maritime, one of shipping’s tech leaders, is to be separated from Kongsberg Gruppen and become an independent, listed company. At the same time, Kongsberg Defence & Aerospace and Kongsberg Discovery will merge into one new listed company. Lisa Edvardsen Haugan will lead Kongsberg Maritime as president and CEO. She has been with Kongsberg since …
https://splash247.com/kongsberg-maritime-to-sail-solo-as-norwegian-group-splits-in-two/
https://splash247.com/kongsberg-maritime-to-sail-solo-as-norwegian-group-splits-in-two/Singapore-based dry bulk operator SeaTrek has entered a strategic partnership with Legasea, a fellow freight player backed by a private investment fund, to strengthen their position in the global dry bulk market. The tie-up brings together SeaTrek’s market experience and network with Legasea’s freight platform, creating a combined operation aimed at tackling volatile market conditions …
https://splash247.com/seatrek-joins-forces-with-legasea-to-expand-dry-bulk-business/
https://splash247.com/seatrek-joins-forces-with-legasea-to-expand-dry-bulk-business/Three shipping and shipmanagement companies within the Nippon Yusen Kaisha (NYK) empire —Asahi Shipping, Hachiuma Steamship and Mitsubishi Ore Transport – are to merge and integrate their business operations. NYK Bulkship Partners will be the name of the new company come April 1 next year. The new entity will have 21 owned vessels as well …
https://splash247.com/nyk-to-merge-trio-of-historic-shipowning-units-into-new-bulk-giant/
https://splash247.com/nyk-to-merge-trio-of-historic-shipowning-units-into-new-bulk-giant/