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Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with knowledge of the matter said, as Moscow looks to maintain…
https://www.marinelink.com/news/russian-insurers-seek-indias-approval-525011
https://www.marinelink.com/news/russian-insurers-seek-indias-approval-525011China's Foreign Ministry said on Thursday (April 24) that its structure in disputed waters is a legitimate fishery breeding facility and compliant with both domestic and international law.The South Korean government had earlier expressed "deep concern" over China erecting a sea structure off the wes
https://www.marinelink.com/news/china-cites-disputed-sea-structure-a-fish-525012
https://www.marinelink.com/news/china-cites-disputed-sea-structure-a-fish-525012The Philippine Navy said a Chinese aircraft carrier battle group had passed near its northern maritime boundaries in the run-up to a six-day maritime exercise with the U.S. that began on Thursday as part of their annual Balikatan military drills.The coordinated naval drills…
https://www.marinelink.com/news/chinese-aircraft-carrier-battle-group-525013
https://www.marinelink.com/news/chinese-aircraft-carrier-battle-group-525013Britain urged closer international cooperation to improve energy security on Thursday, telling dozens of other governments and business leaders that they would otherwise be vulnerable to those who were willing to weaponise supplies.Security…
https://www.marinelink.com/news/britain-emphasizes-collaboration-energy-525014
https://www.marinelink.com/news/britain-emphasizes-collaboration-energy-525014The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf of Mexico, changes it expects can boost U.S. oil output.President Donald…
https://www.marinelink.com/news/us-doi-implements-new-guidelines-gulf-525015
https://www.marinelink.com/news/us-doi-implements-new-guidelines-gulf-525015The Baltic Exchange's dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments.* The main index .BADI, which monitors rates for capesize, panamax, and supramax shipping vessels…
https://www.marinelink.com/news/baltic-index-rises-twoweek-high-525016
https://www.marinelink.com/news/baltic-index-rises-twoweek-high-525016The Arab Shipbuilding and Repair Yard Company (ASRY) has signed a memorandum of Understanding (MoU) with AtkinsRéalis, an engineering services company with capabilities in the net zero energy sector. The signing took place earlier this April, attended by senior figures from both companies.
https://www.marinelink.com/news/asry-atkinsralis-sign-mou-offshore-wind-525020
https://www.marinelink.com/news/asry-atkinsralis-sign-mou-offshore-wind-525020Maritime consultancy Drewry said on Thursday that it expects global container port volume to fall 1% as a direct result of U.S. trade policies.That would be the third drop in global container shipping demand since London-based Drewry began recording that data in 1979.
https://www.marinelink.com/news/drewry-global-container-shipping-volume-525022
https://www.marinelink.com/news/drewry-global-container-shipping-volume-525022Iron ore futures fell on Thursday, snapping a three-day rise, on a stronger supply outlook from rising shipments, although seasonal demand for the key steelmaking ingredient limited the decline. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.28% lower at 720.5 yuan ($98.76) a metric ton. The benchmark May iron ...
https://www.hellenicshippingnews.com/dalian-iron-ore-snaps-three-day-rally-on-stronger-supply-outlook/Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate royalties, on March 1 to exert more national control over ...
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/