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Admiral Daryl L. Caudle has been nominated by President Donald Trump to be the next Chief of Naval Operations, more than three months after Admiral Lisa Franchetti, the first woman to lead the U.S. Navy, was fired in President Trump's purge…
https://www.marinelink.com/news/admiral-caudle-nomiated-us-navy-cno-527051
https://www.marinelink.com/news/admiral-caudle-nomiated-us-navy-cno-527051The U.S. Army Corps of Engineers announced it is seeking comments on its proposal to renew and revise 56 existing nationwide permits and issue one new nationwide permit authorizing activities associated with improving fish passage. Nationwide…
https://www.marinelink.com/news/army-corps-engineers-seeks-public-527052
https://www.marinelink.com/news/army-corps-engineers-seeks-public-527052CCGS Naalak Nappaaluk, the Canadian Coast Guard’s (CCG) new Offshore Oceanographic Science Vessel (OOSV), began sea trials this week in North Vancouver, sailing from Seaspan Vancouver Shipyards where final outfitting, installation, and commissioning…
https://www.marinelink.com/news/ccgs-new-offshore-oceanographic-science-527053
https://www.marinelink.com/news/ccgs-new-offshore-oceanographic-science-527053ABS issued approval in principle (AIP) to HD Hyundai Heavy Industries (HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for a concept of a floating small modular reactor (SMR)-powered power module.The design is intended to generate electricity offshore and near shore…
https://www.marinelink.com/news/abs-issues-aip-floating-nuclear-power-527054
https://www.marinelink.com/news/abs-issues-aip-floating-nuclear-power-527054Iron ore futures fell on Wednesday and were on track for a fifth session of declines, pressured by slowing demand for the steelmaking material in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.5% lower at 695.5 yuan ($96.79) a metric ton. The benchmark ...
https://www.hellenicshippingnews.com/iron-ore-extends-losses-on-slowing-china-demand/
https://www.hellenicshippingnews.com/iron-ore-extends-losses-on-slowing-china-demand/The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels under 15 years of age projected to fall by 22% by 2028, according to new analysis shared by Oliver Kirkham, Senior Valuation Analyst at Veson Nautical, a global leader in maritime freight and fleet management ...
https://www.hellenicshippingnews.com/global-dry-bulk-fleet-set-to-drop-22-in-young-tonnage-by-2028/
https://www.hellenicshippingnews.com/global-dry-bulk-fleet-set-to-drop-22-in-young-tonnage-by-2028/The dry bulk market is expected to be less affected by the ongoing situation between Iran and Israel; however, examining the current situation can help determine the best way to position oneself in the market. Given that the region bordering the strait is a net importer of dry bulk, particularly of raw materials needed for ...
https://www.hellenicshippingnews.com/geopolitical-spillover-assessing-the-impact-of-iran-israel-tensions-on-the-dry-bulk-shipping-industry/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, fell to a one-week low on Wednesday due to weaker rates for capesize and panamax vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 78 points, or 4%, at 1,874, lowest ...
https://www.hellenicshippingnews.com/baltic-index-falls-to-one-week-low-on-weaker-capesize-panamax-rates/With indications coming from Washington that Donald Trump is willing to join Israel in its attack on Iran, the situation in Middle Eastern waters remains highly tense. Israel’s conflict with Iran is into its sixth day, with the New York Times reporting Iranian officials will consider laying mines along the Strait of Hormuz if the …
https://splash247.com/shipping-braces-as-us-weighs-entering-the-israel-iran-conflict/
https://splash247.com/shipping-braces-as-us-weighs-entering-the-israel-iran-conflict/Norwegian maritime group Hagland has acquired compatriot chartering platform Vanora in a strategic move to bolster its digital service offerings. The financial terms of the deal were not disclosed. The deal will see the Aanensen family run vehicle integrate Vanora’s flagship solution, VesselAdmin, a digital chartering and payment platform designed for the maritime sector. Since …
https://splash247.com/hagland-buys-chartering-platform-vanora/
https://splash247.com/hagland-buys-chartering-platform-vanora/