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Ocean Network Express (ONE) and MTI have established a joint venture, QUAVEO, in Ho Chi Minh City, Vietnam. The new company aims to promote the digital transformation of operations and business models in container shipping by utilizing AI technology.ONE…
https://www.marinelink.com/news/one-mti-establish-ai-joint-venture-534139
https://www.marinelink.com/news/one-mti-establish-ai-joint-venture-534139The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, declined for a third session on Wednesday, dropping nearly 3% to its lowest since July last year at 1,776 points, mainly pressured by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, extended ...
https://www.hellenicshippingnews.com/baltic-dry-index-down-for-3rd-day/
https://www.hellenicshippingnews.com/baltic-dry-index-down-for-3rd-day/Iron ore futures rallied on Wednesday to their highest in multiple months, boosted by hopes of improving demand in top consumer China following Beijing’s pledge of easing monetary policy this year. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 4.09% higher at 828 yuan ($118.46) a metric ...
https://www.hellenicshippingnews.com/iron-ore-rallies-to-multi-month-high-as-china-pledges-to-ease-monetary-policy/In 2025, seaborne dry bulk flows showed mixed trends across major commodities. Iron ore exports grew modestly, with China remaining the dominant importer despite a slowdown in domestic steel production. Coal shipments fell, reflecting China’s rising domestic production and shift toward renewables. Bauxite flows surged, driven by strong Chinese aluminium production and, more recently, due ...
https://www.hellenicshippingnews.com/chinas-demand-is-the-heaviest-factor-for-commodities-in-2025/
https://www.hellenicshippingnews.com/chinas-demand-is-the-heaviest-factor-for-commodities-in-2025/Wallenius Wilhelmsen has signed a one-year shipping contract with a major Asian vehicle and heavy equipment manufacturer, strengthening its presence in the region as the roro group lines up business for 2026. The Oslo-listed owner and logistics provider said the deal is expected to generate around $130m in revenue, based on the agreed volumes. The …
https://splash247.com/wallenius-wilhelmsen-adds-130m-asian-shipping-contract/
https://splash247.com/wallenius-wilhelmsen-adds-130m-asian-shipping-contract/Turkish newcomer Aqmaris and China’s Wuhu Shipyard have sealed a deal for four ultramax bulk carriers, marking one of the first big newbuild agreements for the Istanbul-based operator. The four 64,500 dwt units will meet IMO Tier III standards and comply with EEDI Phase III, the latest environmental efficiency benchmark. They’ll also be ready for …
https://splash247.com/turkish-upstart-aqmaris-books-up-to-four-bulker-newbuilds-in-china/
https://splash247.com/turkish-upstart-aqmaris-books-up-to-four-bulker-newbuilds-in-china/Aker Solutions is moving to cut costs and adjust capacity after several years of record-high workload, with the Norwegian engineering group expecting activity to ease in 2026 compared with 2025. The company said it will reduce headcount in parts of the business to match the outlook, with just over 500 of its roughly 12,000 permanent …
https://splash247.com/aker-solutions-to-trim-over-500-jobs-amid-slower-maket/
https://splash247.com/aker-solutions-to-trim-over-500-jobs-amid-slower-maket/Dutch owner JR Shipping has brought in reefer specialist Seatrade as a strategic shareholder, marking a new phase for the Harlingen-based owner and manager while keeping its independent course. Under the deal, Seatrade takes a strategic participation in JR Shipping Group and becomes a long-term partner. Founders Jan Reier Arends and Sander Schakelaar will both …
https://splash247.com/jr-shipping-brings-in-seatrade-as-strategic-partner/
https://splash247.com/jr-shipping-brings-in-seatrade-as-strategic-partner/State-owned Petrovietnam Gas has awarded its first-ever term supply tender seeking liquefied natural gas (LNG) to energy major Shell, which will deliver the super-chilled fuel to Vietnam from 2027 to 2031.The five-year supply deal will see Shell deliver about 400…
https://www.marinelink.com/news/petrovietnam-agrees-firstever-lng-term-534085
https://www.marinelink.com/news/petrovietnam-agrees-firstever-lng-term-534085French engineering specialist GTT has secured an order from Hanwha Ocean shipyard for the tank design of seven new liquefied natural gas (LNG) carriers.GTT will design the cryogenic tanks of the vessels, which will each offer a total capacity of 174…
https://www.marinelink.com/news/gtt-bags-hanwha-oceans-contract-design-534097
https://www.marinelink.com/news/gtt-bags-hanwha-oceans-contract-design-534097