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Norwegian Cruise Line Holdings missed estimates for first-quarter revenue and profit on Wednesday and warned of weak consumer spending on premium voyages due to growing concerns over a possible recession, sending its shares down 9%.The cruise…
https://www.marinelink.com/news/norwegian-cruise-line-misses-quarterly-525228
https://www.marinelink.com/news/norwegian-cruise-line-misses-quarterly-525228Indian Oil Corp has signed a five-year import deal with trader Trafigura to buy 2.5 million metric tons of liquefied natural gas (LNG) in a $1.3–$1.4 billion deal, Chairman A S Sahney said on Wednesday.Supplies under the deal would begin from the second half of this year…
https://www.marinelink.com/news/indian-oil-signs-fiveyear-lng-deal-525229
https://www.marinelink.com/news/indian-oil-signs-fiveyear-lng-deal-525229Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China eased further in April to the lowest since mid-January on higher availability of tankers, three traders said.Lower rates mean Russian exporters will spend less…
https://www.marinelink.com/news/russian-espo-blend-oil-freight-rates-hit-525234
https://www.marinelink.com/news/russian-espo-blend-oil-freight-rates-hit-525234ClassNK has released "Prime Shipmanagement Guidelines," which aim to achieve sustainable ship management with safety as the highest priority. With an evolving environment surrounding ship management, including fuel transition, stricter regulations…
https://www.marinelink.com/news/classnk-releases-ship-management-525235
https://www.marinelink.com/news/classnk-releases-ship-management-525235Feadship celebrates another milestone as Project 827 emerges from the shed at the Amsterdam facility. Measuring 71.76 meters, this forward-thinking yacht is now ready for final outfitting and sea trials.Project 827 features exterior design and styling by Studio De Voogt…
https://www.marinelink.com/news/feadship-launches-project-ready-525237
https://www.marinelink.com/news/feadship-launches-project-ready-525237Matson Navigation Company’s three new 3600 TEU Aloha Class containerships, the largest container ships built in the United States, will use Kongsberg Maritime Hybrid Electrical Systems that incorporate Corvus Energy Orca ESS, the ships designed by KOMAC.With a carrying capacity of 3…
https://www.marinelink.com/news/corvus-battery-system-tapped-new-lng-525241
https://www.marinelink.com/news/corvus-battery-system-tapped-new-lng-525241Iron ore futures edged lower on Wednesday, posting a third straight monthly decline amid the possibility of steel output cuts in top consumer China, while demand slowed ahead of the Labour Day holiday. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.78% lower at 703.5 yuan ($96.81) ...
https://www.hellenicshippingnews.com/iron-ore-logs-third-monthly-decline-on-potential-steel-output-cuts-in-china/China wants to reduce reliance on foreign soybeans, but importers apparently didn’t get the memo. To curb imports and increase national food security, the world’s top soybean buyer in recent years says it has made sizable cuts to soybean meal’s use in livestock feed. However, China’s soybean imports were at a record high last year, ...
https://www.hellenicshippingnews.com/chinas-reliance-on-soybean-imports-continues-despite-cutback-plans/“We expect that the dry bulk market’s supply/demand balance will weaken in both 2025 and 2026. Since our last update, a change in US trade policy has led to a deterioration in the economic outlook and an increase in uncertainty. Consequently, we have cut cargo demand growth by 0.5 percentage points in 2025 and 2026,” ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-us-tariff-increases-drive-weaker-demand-outlook/The Baltic Exchange’s dry bulk sea freight index fell on Wednesday as all vessel segments recorded losses. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 12 points to 1,386. The capesize index dropped 17 points to 1,961. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes ...
https://www.hellenicshippingnews.com/baltic-index-falls-on-lower-demand-across-vessel-segments/
https://www.hellenicshippingnews.com/baltic-index-falls-on-lower-demand-across-vessel-segments/