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Eastern Pacific Shipping has signed a deal with China’s Hengli Heavy Industry for up to four suezmax tankers. The Singapore-based owner, controlled by Idan Ofer, has committed to two firm 158,000 dwt crude carriers, with options for two more. The price tag for all four ships is estimated to be nearly $360m. The two confirmed …
https://splash247.com/eastern-pacific-signs-for-suezmaxes-at-hengli-heavy/
https://splash247.com/eastern-pacific-signs-for-suezmaxes-at-hengli-heavy/Capesize The Capesize market experienced a strong and sustained rally this week, underpinned by firm sentiment and positive momentum across both basins. The BCI 5TC surged by $5,942 to close at $25,575, driven by tightening tonnage lists and increased cargo volumes, particularly on the South Brazil and West Africa to China routes. In the Pacific, ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-post-strong-showing-this-past-week/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-post-strong-showing-this-past-week/Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.Shares of Chevron were up 3.6% in premarket trading, with Hess gaining nearly 7.4%.
https://www.marinelink.com/news/chevron-emerges-winner-exxonmobil-dispute-528103
https://www.marinelink.com/news/chevron-emerges-winner-exxonmobil-dispute-528103The port of Barcelona, Europe's busiest for cruise ships, will scale back its passenger terminal capacity by 2030 as the city tries to put the brakes on surging arrivals and address concerns about overtourism.The city hall and port authority…
https://www.marinelink.com/news/barcelona-scale-back-cruise-capacity-528117
https://www.marinelink.com/news/barcelona-scale-back-cruise-capacity-528117Several Greek-managed tankers transporting Russian oil to Asia are increasingly avoiding the Red Sea, opting instead for the longer route around Africa, due to escalating security threats from Houthi attacks, three oil traders and LSEG shipping…
https://www.marinelink.com/news/greekmanaged-tankers-divert-around-africa-528118
https://www.marinelink.com/news/greekmanaged-tankers-divert-around-africa-528118The Port of Oakland is celebrating the expansion of the Oakland Alameda Water Shuttle, a free pilot program initiated by the City of Alameda, offering public water transit between Oakland’s Jack London Square and Bohol Circle Immigrant Park, at the foot of 5th Street in Alameda.
https://www.marinelink.com/news/port-oakland-celebrates-expansion-free-528127
https://www.marinelink.com/news/port-oakland-celebrates-expansion-free-528127Dalian iron ore futures climbed on Friday to their highest close in 4-1/2 months and logged a fourth consecutive weekly gain, as upbeat demand outlook and hopes for further policy support from Beijing boosted market sentiment. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 0.38% to 785 yuan ($109.34) a ...
https://www.hellenicshippingnews.com/dalian-iron-ore-logs-fourth-weekly-gain-on-demand-optimism/
https://www.hellenicshippingnews.com/dalian-iron-ore-logs-fourth-weekly-gain-on-demand-optimism/The Greek former owner of a cargo ship, seized by Spain in 2023 for carrying more than four tons of cocaine along with coffee beans from Latin America to Europe, denies any link to drugs, his lawyer said on Friday. In January 2023, Spanish authorities intercepted the then Greek-operated, Togo-flagged vessel Blume, off the Canary ...
https://www.hellenicshippingnews.com/greek-owner-of-cocaine-loaded-vessel-seized-in-2023-denies-charges-lawyer-says/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, jumped on Friday, posting its biggest weekly gain in over four months, supported by a steady rise in capesize vessel rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, gained 22 points, or 1.1%, ...
https://www.hellenicshippingnews.com/baltic-index-posts-biggest-weekly-gain-in-four-months-on-capesize-increase/Coal exports from Australia, the second largest seaborne exporter have been down so far. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Jun 2025, global seaborne coal loadings declined by -7.9% y-o-y to 619.2 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Jun 2025, exports from Indonesia ...
https://www.hellenicshippingnews.com/australian-coal-exports-down-in-2025/
https://www.hellenicshippingnews.com/australian-coal-exports-down-in-2025/