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A Western-sanctioned vessel with Russian oil destined for Indian Oil Corp has had discharge of the cargo delayed at a port in eastern India due to a hold-up in online verification of insurance cover provided by a Russian insurer, three industry…
https://www.marinelink.com/news/russian-oil-cargo-discharge-indian-port-532928
https://www.marinelink.com/news/russian-oil-cargo-discharge-indian-port-532928Poland said on Wednesday it had chosen Sweden's Saab to supply it with three submarines, in a multi-billion-dollar deal that forms a key element of Warsaw's efforts to bolster its defences in the Baltic Sea.Warsaw has been ramping up investments…
https://www.marinelink.com/news/poland-picks-saab-supply-three-submarines-532929
https://www.marinelink.com/news/poland-picks-saab-supply-three-submarines-532929Prime Green Recyclers has become the first ship recycling yard in Pakistan to achieve full compliance with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.Bureau Veritas issued the Statement of…
https://www.marinelink.com/news/first-pakistan-recycling-yard-becomes-532931
https://www.marinelink.com/news/first-pakistan-recycling-yard-becomes-532931NYK Line and BHP Group have renewed a memorandum of understanding (MoU) reinforcing both companies’ commitment to support decarbonization and improv the safety of vessel operations.The renewed MoU continues research on technologies for ammonia dual-fuel vessels…
https://www.marinelink.com/news/nyk-bhp-renew-decarbonization-partnership-532932
https://www.marinelink.com/news/nyk-bhp-renew-decarbonization-partnership-532932Iron ore futures prices edged higher on Wednesday, with support from a modest pickup in China demand outweighing pressure from rising global supply and falling steel output. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) was trading 0.19% higher at 797 yuan ($112.57) a metric ton. The benchmark December iron ore ...
https://www.hellenicshippingnews.com/iron-ore-edges-up-on-china-demand-lift-rising-global-supply-caps-gains/China bought at least 10 cargoes of U.S. soybeans worth around $300 million in contracts signed since Tuesday, two traders with knowledge of the deals said, a day after the presidents of both countries spoke on the phone. The purchases of the unusually large volumes extend a surge in Chinese buying after the recent thaw ...
https://www.hellenicshippingnews.com/china-buys-at-least-10-us-soybean-cargoes-in-new-deals-after-trump-xi-call-sources-say/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose for a tenth consecutive session on Wednesday to hit a near two-year high, driven by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 92 ...
https://www.hellenicshippingnews.com/rising-rates-across-vessel-segments-push-baltic-index-to-near-two-year-high/Newbuild deliveries in 2025, in cgt terms, are set to be the highest since the end of the last boom in 2012. How long the shipbuilding boom will last forms the lead in the November edition of Splash Extra, our sister title that is now free to read. The monthly title also contains the key …
https://splash247.com/assessing-the-longevity-of-todays-shipbuilding-boom/
https://splash247.com/assessing-the-longevity-of-todays-shipbuilding-boom/Ray Car Carriers has moved deeper into the crude tanker sector, locking in four VLCC newbuildings at HD Hyundai in South Korea as owners rush to secure remaining large-tanker slots. Industry sources said the Abraham Rami Ungar-controlled company is behind a fresh order disclosed by HD Korea Shipbuilding & Offshore Engineering late last week. The …
https://splash247.com/ray-car-carriers-loads-up-on-vlccs-in-fresh-hd-hyundai-splurge/
https://splash247.com/ray-car-carriers-loads-up-on-vlccs-in-fresh-hd-hyundai-splurge/Seaspan is set to push beyond its boxship roots with a debut entry into the very large ethane carrier (VLEC) market through a major newbuilding programme in China. Shipbrokers say the Bing Chen-led owner has set sights on up to six 100,000 cu m VLECs at Jiangnan Shipyard, part of China State Shipbuilding Corp (CSSC). …
https://splash247.com/seaspan-poised-to-enter-ethane-carrier-business/
https://splash247.com/seaspan-poised-to-enter-ethane-carrier-business/