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The Panama-flagged general cargo vessel, Ultra Galaxy, beached on its side in a remote area of South Africa’s west coast since early July, broke apart into four sections over the weekend in stormy conditions with the South African Maritime Safety Authority (SAMSA) reporting an oil spill. Some 125 people from local communities have been enlisted …
https://splash247.com/grounded-vessel-breaks-apart-off-south-africa/
https://splash247.com/grounded-vessel-breaks-apart-off-south-africa/Greece’s Diana Shipping has secured a new $167.3m loan from Nordea to refinance its existing commitments with the Nordic bank. The New York-listed shipowner said the proceeds of the new loan, secured by 10 vessels, have been utilised to refinance two loans maturing in October 2027 and June 2028 secured by 12 bulkers. “This strategic …
https://splash247.com/diana-fixes-167m-refinancing/
https://splash247.com/diana-fixes-167m-refinancing/In the same area of the Philippines authorities are having to contend with oil spills as a second tanker sank on Saturday evening, just two days after another ship went down. The Philippine Coast Guard (PCG) reported over the weekend that they discovered leaks on the sunken tanker Jason Bradley. The small, 39 m long …
https://splash247.com/second-ship-sinks-in-same-area-of-the-philippines-in-the-space-of-two-days/
https://splash247.com/second-ship-sinks-in-same-area-of-the-philippines-in-the-space-of-two-days/Havana residents watched from shore on Saturday as Russian warships arrived for the second time in as many months, in a visit that Cuba called routine.Cuban authorities fired shots into the air to signal their welcome, while curious fishermen…
https://www.marinelink.com/news/russian-warships-routine-visit-cuba-515500
https://www.marinelink.com/news/russian-warships-routine-visit-cuba-515500U.S. Secretary of State Antony Blinken criticised Beijing's "escalating and unlawful actions" in the South China Sea at a summit on Saturday, while his Russian counterpart said Washington has stoked anxiety with its plan for a nuclear deterrence…
https://www.marinelink.com/news/blinken-applauds-diplomacy-asean-meeting-515501
https://www.marinelink.com/news/blinken-applauds-diplomacy-asean-meeting-515501Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region.However, the company raised its full-year revenue and profit estimates…
https://www.marinelink.com/news/baker-hughes-bets-foreign-demand-515503
https://www.marinelink.com/news/baker-hughes-bets-foreign-demand-515503ABS awarded approval in principle (AiP) to two new developments from Jiangnan Shipyard: a new insulation system and a modern design for an ultra large ethane carrier (ULEC).The ULEC design is the first equipped with the next-generation BrilliancE® II Type-B cargo containment system…
https://www.marinelink.com/news/liquefied-gas-cargo-containment-515505
https://www.marinelink.com/news/liquefied-gas-cargo-containment-515505Esgian provides an update on new rig deals in its Week 30 Rig Analytics Market Roundup.Report SummaryContractsValaris has been awarded a multi-year contract with Equinor Energy do Brasil, a subsidiary of Equinor, for the 12,000-ft drillship Valaris DS-17.
https://www.marinelink.com/news/esgian-week-report-new-deals-valaris-515506
https://www.marinelink.com/news/esgian-week-report-new-deals-valaris-515506This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore , metallurgical coal, copper , alumina , cobalt , lithium , nickel and steel and scrap . We also explore what the next few months could ...
https://www.hellenicshippingnews.com/asian-met-coal-prices-seen-rangebound-in-q3-with-eyes-on-indian-appetite/Capesize The Capesize market experienced a steady decline this week, with the BCI 5TC falling from $24,521 on Monday to $21,676 by Friday. The Atlantic saw significant fixing activity, particularly from South Brazil to China, but an oversupply of tonnage in ballast and weakening demand led to a softening trend. The C3 index dropped from ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-segment-experiencing-downtrend/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-segment-experiencing-downtrend/