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Chinese owner Fujian Highton Development is looking to raise up to RMB2bn ($295m) to bankroll a 16-ship acquisition programme spanning dry bulk and multipurpose heavylift tonnage. The Shanghai-listed company has unveiled a private placement of as many as 412.5m new A shares, equivalent to 30% of its existing share capital, with the proceeds earmarked entirely …
https://splash247.com/fujian-highton-seeks-nearly-300m-for-16-ship-buying-spree/
https://splash247.com/fujian-highton-seeks-nearly-300m-for-16-ship-buying-spree/Capesize The market enjoyed a notably bullish week, recovering strongly after the UK holiday-shortened start and building momentum across both basins. Early weakness in the Pacific quickly proved short-lived as sustained miner participation tightened available tonnage and restored confidence. By midweek, all major miners were actively fixing, driving C5 steadily higher and attracting increasingly aggressive ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-showing-more-strength/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-showing-more-strength/KR (Korean Register) has issued a Statement of Fact for the Vessel Performance Calculation Methodology developed by ShipWatch, an affiliated company of Navig8 and ADNOC L&S. KR’s technical review confirmed that the methodology aligns with the…
https://www.marinelink.com/news/kr-releases-statement-fact-shipwatch-542744
https://www.marinelink.com/news/kr-releases-statement-fact-shipwatch-542744Wärtsilä has signed a Lifecycle Agreement with charity organization Mercy Ships International. The contract covers a 5-year renewal of an existing service agreement for the world's largest purpose-built civilian hospital ship, the Global Mercy…
https://www.marinelink.com/news/wrtsil-signs-lifecycle-agreement-mercy-542745
https://www.marinelink.com/news/wrtsil-signs-lifecycle-agreement-mercy-542745The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, extended its upward trend for a third session on Friday, climbing by 4% to a fresh high since October 2021 at 3,628 ponts. Shipping rates have risen sharply as strong demand for commodities, particularly iron ore and coal, meets ...
https://www.hellenicshippingnews.com/baltic-dry-index-rises-to-fresh-2021-highs/
https://www.hellenicshippingnews.com/baltic-dry-index-rises-to-fresh-2021-highs/Singapore-listed Yangzijiang Maritime Development has signed up for up to 12 more newbuildings at two Chinese yards, extending an ordering run that has spread across dry bulk, product and chemical tankers. The Ren Yuanlin-led company has signed for six firm plus four optional 64,500 dwt ultramax bulkers at Jingjiang Nanyang Shipbuilding. A separate deal covers …
https://splash247.com/yangzijiang-maritime-piles-on-another-12-newbuilds/
https://splash247.com/yangzijiang-maritime-piles-on-another-12-newbuilds/Monaco-based Scorpio Tankers has put three product tankers on three-year charters carrying more than $110m in aggregate gross revenue at the disclosed headline rates. The Emanuele Lauro-led owner has fixed LR2s STI Gladiator and STI Jermyn at $40,188 and $42,500 per day, respectively, with both charters starting this month. MR tanker STI Pontiac has been …
https://splash247.com/scorpio-puts-three-tankers-on-three-year-charters/
https://splash247.com/scorpio-puts-three-tankers-on-three-year-charters/Chinese chemical tanker owner Nanjing Shenghang Shipping is scaling up its fleet renewal programme with plans to spend CNY994.8m ($148m) on six 13,500 dwt stainless-steel chemical and product tanker newbuildings. The Shenzhen-listed company has lined up China Merchants Shipbuilding Industry Group Nanjing Shipyard for the series, with each vessel priced at CNY165.8m ($24.7m), including tax. …
https://splash247.com/nanjing-shenghang-lines-up-six-chemical-tankers-at-china-merchants-yard/
https://splash247.com/nanjing-shenghang-lines-up-six-chemical-tankers-at-china-merchants-yard/COSCO, the world’s largest shipowner by fleet size, has strongly rejected allegations that its commercial vessels are being used to collect military intelligence for Beijing. The Chinese state-controlled group issued a statement after Reuters reported that two senior US administration officials believe COSCO ships carry concealed signals-intelligence equipment capable of intercepting military communications near coastlines …
https://splash247.com/cosco-brands-us-spying-claims-totally-unfounded/
https://splash247.com/cosco-brands-us-spying-claims-totally-unfounded/Techcross has completely renewed its Smart Platform, a web-based service for shipowners. The key focus of the renewal is to go beyond simply providing operational data from Ballast Water Management Systems (BWMS) by improving the information structure and data analytics functions…
https://www.marinelink.com/news/techcross-updates-smart-platform-vessel-542740
https://www.marinelink.com/news/techcross-updates-smart-platform-vessel-542740