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Australia’s Fortescue posted a 4.2% rise in first-quarter iron-ore shipments on Thursday, a record for first-quarter production for the firm on the back of higher hematite shipments. Chaired by billionaire founder Andrew Forrest, Fortescue shipped 49.7 million metric tonnes of iron ore in the three months ended September 30, compared with 47.7 million tonnes shipped ...
https://www.hellenicshippingnews.com/fortescue-posts-record-first-quarter-iron-ore-shipments-up-4/
https://www.hellenicshippingnews.com/fortescue-posts-record-first-quarter-iron-ore-shipments-up-4/Iron ore futures prices rose on Thursday for a third straight session, boosted by hopes of stimulus measures and upbeat steel data from top consumer China. The Communist Party leadership’s four-day closed-door meeting that began on Monday is expected to release an outline of its next five-year policy. Hopes lingered that China may unveil some ...
https://www.hellenicshippingnews.com/iron-ore-gains-on-china-stimulus-hopes-upbeat-steel-data/
https://www.hellenicshippingnews.com/iron-ore-gains-on-china-stimulus-hopes-upbeat-steel-data/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell to a one-week low on Thursday, weighed down by losses in capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 35 points, or 1.7%, to 2,057 points, its ...
https://www.hellenicshippingnews.com/baltic-index-falls-on-weak-capesize-vessel-rates/
https://www.hellenicshippingnews.com/baltic-index-falls-on-weak-capesize-vessel-rates/Malaysian offshore services company Vantris Energy, formerly known as Sapura Energy, has signed a long-term deal with Saudi giant Aramco. The company said in a Bursa Malaysia filing that the long-term agreement covers the provision of diving support vessels with crew, ROVs, and the deployment of highly skilled diving and technical personnel to support Aramco’s …
https://splash247.com/vantris-energy-lands-seven-year-offshore-services-agreement-with-aramco/
https://splash247.com/vantris-energy-lands-seven-year-offshore-services-agreement-with-aramco/Belgium’s Exmar has teamed up with EemsEnergy Terminal, a Gasunie and Vopak joint venture, to extend the operation of the Eemshaven LNG import terminal beyond 2027. Under the agreement, the Antwerp-based gas shipowner and infrastructure provider will own and operate two floating storage and regasification units (FSRUs) with a combined capacity of about 190,000 cu …
https://splash247.com/exmar-lines-up-dutch-fsru-deal/
https://splash247.com/exmar-lines-up-dutch-fsru-deal/South Korea’s Sammok Shipping and China’s Shanghai Changjiang Shipping have both chosen Nantong Xiangyu Shipbuilding & Offshore Engineering for new bulk carrier orders as they move to expand their fleets. Seoul-based Sammok has contracted two 63,800 dwt ultramaxes at the state-owned yard, marking the first collaboration between the two companies. The owner is currently listed …
https://splash247.com/sammok-and-shanghai-changjiang-order-bulkers-at-nantong-xiangyu/
https://splash247.com/sammok-and-shanghai-changjiang-order-bulkers-at-nantong-xiangyu/Brazil’s Transpetro has opened a public tender for the construction of 18 barges and 18 pusher tugs as part of its push into the country’s inland fuel transport market. The Petrobras subsidiary launched the bidding round this week, aiming to boost its logistics capacity and diversify operations along Brazil’s major river and coastal routes. Under …
https://splash247.com/transpetro-launches-tender-for-36-inland-vessels-to-expand-fuel-logistics/
https://splash247.com/transpetro-launches-tender-for-36-inland-vessels-to-expand-fuel-logistics/The Philippines has demanded an explanation from Washington after a rising number of Filipino seafarers were reportedly denied entry to the United States and deported in recent months. In a statement issued on Tuesday, the Philippine Embassy in Washington, DC, said it had sought clarification from multiple US government agencies — including the State Department …
https://splash247.com/rising-us-deportations-of-filipino-crew-spark-diplomatic-intervention/
https://splash247.com/rising-us-deportations-of-filipino-crew-spark-diplomatic-intervention/Japan’s shipbuilders are mounting their most ambitious modernisation drive in decades, seeking a ¥350bn ($2.3bn) government-backed injection to double national shipbuilding output within 10 years. The plan, unveiled on Wednesday by the Shipbuilders’ Association of Japan (SAJ) ahead of a meeting with the ruling Liberal Democratic Party (LDP), brings together 17 domestic companies including industry …
https://splash247.com/japans-shipbuilders-seek-2-3bn-injection-to-double-output/
https://splash247.com/japans-shipbuilders-seek-2-3bn-injection-to-double-output/Globalisation isn’t dead, but it’s changing course, writes Neil Shearing, group chief economist at Capital Economics, and author of this year’s bestseller The Fractured Age. Commentators have been quick to declare globalisation dead. But, as is so often the case in economics, the reality is more complicated than the headlines suggest. This will have important …
https://splash247.com/how-geopolitics-is-redrawing-the-worlds-shipping-routes/
https://splash247.com/how-geopolitics-is-redrawing-the-worlds-shipping-routes/