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Unifeeder, a DP World company, has signed a Memorandum of Understanding (MoU) with India’s Sagarmala Finance Corporation Limited (SMFCL), a Government of India Enterprise under the Ministry of Ports, Shipping and Waterways to collaborate on…
https://www.marinelink.com/news/unifeeder-sagarmala-finance-corporation-531792
https://www.marinelink.com/news/unifeeder-sagarmala-finance-corporation-531792Financially, 2024 was a positive year for Damen Shipyards Group. Revenue remained just above USD$3.47 billion (3 billion euros). Net profit rose from USD$49.8 million (43 million euros) to USD$67.1 million (58 million euros). The order book…
https://www.marinelink.com/news/damen-shipyards-group-reports-profit-531795
https://www.marinelink.com/news/damen-shipyards-group-reports-profit-531795The U.S. and China agreed on Thursday to pause tit-for-tat fees on each other's ships that became a major irritant in the broader trade war between the world's two largest economies and pushed up ocean freight costs.The move provides a 12-month…
https://www.marinelink.com/news/trump-xi-pause-port-fees-others-vessels-531806
https://www.marinelink.com/news/trump-xi-pause-port-fees-others-vessels-531806The Neoliner Origin, the world's largest cargo sailboat, completed its maiden transatlantic voyage on Thursday (October 30) despite sustaining damage to its aft sail during the crossing, forcing the crew to rely partially on its motor and remaining intact sail.The 136-meter-long (446 feet) vessel…
https://www.marinelink.com/news/cargo-sailboat-finishes-first-531807
https://www.marinelink.com/news/cargo-sailboat-finishes-first-531807Port Houston crossed the three million TEU mark in September, reaching 3,270,595 TEUs year-to-date, the fastest pace in Port Houston’s history. Total container volumes are up 5% year-to-date compared to last year.“Three million TEUs and counting…
https://www.marinelink.com/news/port-houston-surpasses-three-million-teus-531813
https://www.marinelink.com/news/port-houston-surpasses-three-million-teus-531813Renowned inventor and engineer Dean Kamen, creator of the Segway, the iBOT wheelchair, and founder of the organization FIRST Global, delivered a keynote lecture on October 28 at the Ascanio Arosemena Training Center of the Panama Canal. During his presentation…
https://www.marinelink.com/news/dean-kamen-shares-insights-panama-canal-531814
https://www.marinelink.com/news/dean-kamen-shares-insights-panama-canal-531814This week, Rolls-Royce announced that it has successfully tested the world’s first high-speed marine engine powered exclusively by methanol on its test bench in Friedrichshafen.Together with its partners in the meOHmare research project, Rolls…
https://www.marinelink.com/news/powering-methanol-not-531817
https://www.marinelink.com/news/powering-methanol-not-531817China’s state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country’s first purchases from this year’s U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping. As the two nations battle over trade tariffs, the lack of Chinese buying has cost U.S. farmers billions of dollars in lost sales, ...
https://www.hellenicshippingnews.com/china-buys-us-soybean-cargoes-ahead-of-trump-xi-meet-sources-say/Today, Thursday, October 30 2025, the Baltic Dry Index climbed by 22 points, reaching 1983 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1983-up-22-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1983-up-22-points/Iron ore futures pulled back on Thursday, as a bout of profit-taking took toll after the meeting between leaders of the world’s top two economies. U.S. President Donald Trump said on Thursday he had agreed with Chinese President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl ...
https://www.hellenicshippingnews.com/iron-ore-retreats-on-profit-taking-after-trump-xi-meeting/
https://www.hellenicshippingnews.com/iron-ore-retreats-on-profit-taking-after-trump-xi-meeting/