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Operators of hulking car carriers are seeking relief from the U.S. Trade Representative's surprise plan to levy port fees on all foreign-built ships in that segment, including 20 vessels that guarantee transport for the U.S. military during a war or national emergency…
https://www.marinelink.com/news/vehicle-carriers-seek-relief-ustr-port-525060
https://www.marinelink.com/news/vehicle-carriers-seek-relief-ustr-port-525060U.S. President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday.Trump…
https://www.marinelink.com/news/us-plans-alaska-lng-summit-hoping-japan-525062
https://www.marinelink.com/news/us-plans-alaska-lng-summit-hoping-japan-525062The International Maritime Organization (IMO) recently hosted the 83rd meeting with the Marine Environmental Protection Committee (MEPC 83), resulting in a new fuel intensity target, which is set to come into force no later than March 2027.This…
https://www.marinelink.com/news/veson-nautical-three-impacts-imos-new-525065
https://www.marinelink.com/news/veson-nautical-three-impacts-imos-new-525065Benny Cenac Jr.’s Houma based Main Iron Works Company has completed the 10th boat newbuild for Ingram Marine Group. This partnership with Main Iron Works and Ingram began in 2021 and included the construction of 10 new towboats to be completed by the end of 2024. The first towboat, the Adrienne M.
https://www.marinelink.com/news/main-iron-works-delivers-th-vessel-ingram-525068
https://www.marinelink.com/news/main-iron-works-delivers-th-vessel-ingram-525068Iron ore futures declined on Friday amid ongoing uncertainty surrounding Sino-U.S. trade tensions, but posted weekly gains, driven by strengthening near-term demand in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! settled 1.87% lower at 709 yuan ($97.30) a metric ton. The contract rose 0.35% this week. ...
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-gains-on-resilient-china-demand/
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-gains-on-resilient-china-demand/India’s coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking coal will increase to 160 million tons by 2030 from about 58 million tons as of now, Steel Secretary Sandeep Poundrik said. Coking coal ...
https://www.hellenicshippingnews.com/indias-steel-secretary-says-coking-coal-imports-to-accelerate/
https://www.hellenicshippingnews.com/indias-steel-secretary-says-coking-coal-imports-to-accelerate/Taylor Maritime Limited, the specialist dry bulk shipping company, today announces eleven new vessel sales for gross proceeds of $172.5 million, representing an average 4.0% discount to Fair Market Value. These sales are in addition to the previously announced vessel sale in January of $13.9 million (0.5% discount to 30 September 2024 Fair Market Value) ...
https://www.hellenicshippingnews.com/taylor-maritime-sold-11-vessels/
https://www.hellenicshippingnews.com/taylor-maritime-sold-11-vessels/The Baltic Exchange’s dry bulk sea freight index rose on Friday and posted its second straight weekly gain, helped by higher demand across all vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 20 points, or 1.5%, to 1,373. The index was up nearly 9% for the week. ...
https://www.hellenicshippingnews.com/baltic-index-logs-second-weekly-gain-on-higher-rates-across-vessels/London-listed dry bulk outfit Taylor Maritime has aligned its business with anticipated trade turbulence and taken advantage of improved market sentiment to sell 11 ships for $172.5m. The Ed Buttery-led company said that one bulker had already been delivered to its new owner, with the remaining 10 exiting the fleet by August this year, bringing …
https://splash247.com/taylor-maritime-offloads-11-ships/
https://splash247.com/taylor-maritime-offloads-11-ships/President Donald Trump signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.The order, which Trump signed in private…
https://www.marinelink.com/news/trump-order-fast-tracks-subsea-mining-525037
https://www.marinelink.com/news/trump-order-fast-tracks-subsea-mining-525037