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Italy and the United States on Monday vowed to deepen energy ties including through increased exports to Italy of liquefied natural gas (LNG), as Europe continues to seek alternatives to Russian energy supplies following Moscow's invasion of…
https://www.marinelink.com/news/italy-us-boost-lng-ties-infrastructure-529747
https://www.marinelink.com/news/italy-us-boost-lng-ties-infrastructure-529747Iron ore futures rose for a fifth straight session on Monday, supported by a sharp fall in shipments from a major supplier and resilient steel exports in top consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange TIO1! closed daytime trade 0.64% higher at 792 yuan ($111.05) a metric ton. By ...
https://www.hellenicshippingnews.com/iron-ore-gains-on-lower-shipments-strong-china-steel-exports/
https://www.hellenicshippingnews.com/iron-ore-gains-on-lower-shipments-strong-china-steel-exports/China’s coal imports hit an eight-month high in August, customs data showed on Monday, supported by higher domestic prices, although volumes remained below the levels seen a year earlier. The country imported 42.74 million metric tons of coal last month, the highest level since December, but still down about 7% from August 2024 levels, according ...
https://www.hellenicshippingnews.com/chinas-august-coal-imports-hit-8-month-high-still-below-year-ago-levels/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a one-week high on Monday, driven by higher rates across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, increased by 40 points, or 2%, to 2,019 points, its ...
https://www.hellenicshippingnews.com/baltic-index-climbs-to-one-week-high-on-higher-rates-across-all-vessels/China’s iron ore imports in August climbed 0.6% from July, as lower prices encouraged sustained buying and as mills prepared for the peak steel demand period in September. The world’s largest iron ore consumer brought in 105.23 million metric tons of the steelmaking ingredient last month, staying above 100 million tons for a third month, ...
https://www.hellenicshippingnews.com/china-august-iron-ore-imports-stay-high-as-mills-prepare-for-peak-season/A new market could be emerging for dry bulk shipping, which while not big enough to change trade flows, is still enough to provide some much needed momentum in the freight market. In its latest weekly report, shipbroker Intermodal noted that “the global iron ore market continues to navigate a period of uncertainty in 2025, ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-vietnam-can-add-momentum/
https://www.hellenicshippingnews.com/dry-bulk-shipping-vietnam-can-add-momentum/Singapore offshore vessel player and shipyard Marco Polo Marine has chosen Norwegian ship designer Salt Ship Design to design the company’s next-generation CSOV. The contract was signed between the group’s Taiwan-based subsidiary PKR Offshore, Salt Ship Design, and Marco Polo Shipyard. Unlike standard CSOVs and CSVs with retrofitted walk-to-work systems, this next-generation vessel, named CSOV …
https://splash247.com/marco-polo-marine-teams-with-salt-ship-design-on-next-gen-csov/
https://splash247.com/marco-polo-marine-teams-with-salt-ship-design-on-next-gen-csov/Japan’s Mitsui OSK Lines (MOL) has obtained approval in principle (AiP) from a classification society, Lloyd’s Register (LR), for two new designs of a membrane-type LNG carrier equipped with four Wind Challengers, a hard sail wind-assisted propulsion system. In addition, safety evaluations were conducted in collaboration with the respective flag states. As a result, this …
https://splash247.com/mol-debuts-radical-new-lng-carrier-design/
https://splash247.com/mol-debuts-radical-new-lng-carrier-design/Ningbo Ocean Shipping has revealed a plan to invest around CNY2.9bn ($406.5m) via its Singapore arm to set up two more subsidiaries in the country to further grow its fleet. The company will invest CNY1.2bn ($168.2m) to establish Ningbo Ocean Shipping Singapore Longitude and CNY1.7bn ($238.3m) to set up Ningbo Ocean Shipping Singapore Latitude. The …
https://splash247.com/ningbo-ocean-shipping-looks-to-singapore-for-global-fleet-expansion/
https://splash247.com/ningbo-ocean-shipping-looks-to-singapore-for-global-fleet-expansion/Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to the renewable energy source.The stakes are high for the Danish state-controlled firm…
https://www.marinelink.com/news/orsted-gets-goahead-b-emergency-rights-529710
https://www.marinelink.com/news/orsted-gets-goahead-b-emergency-rights-529710