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China’s iron ore imports are on track in June for their strongest month this year, showing a resilience that isn’t being mirrored in the sluggish steel sector. China, which buys about 75% of global seaborne iron ore, is expected to import almost 110 million metric tons of the key steel raw material, according to commodity ...
https://www.hellenicshippingnews.com/chinas-iron-ore-imports-rise-even-as-steel-struggles/
https://www.hellenicshippingnews.com/chinas-iron-ore-imports-rise-even-as-steel-struggles/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, fell for the third consecutive session to a one-week low on Thursday as rates declined across larger vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 123 points, or 6.6%, at ...
https://www.hellenicshippingnews.com/baltic-index-drops-to-one-week-low-as-larger-vessel-rates-dip/
https://www.hellenicshippingnews.com/baltic-index-drops-to-one-week-low-as-larger-vessel-rates-dip/Tensions in the Middle East have reached a boiling point this week as senior US officials reportedly prepare for a potential military strike on Iran, a move that threatens to ignite a wider regional conflict. According to a Bloomberg report citing individuals familiar with the matter, the US is actively planning for the possibility of …
https://splash247.com/freight-market-reacts-to-soaring-middle-east-tensions/
https://splash247.com/freight-market-reacts-to-soaring-middle-east-tensions/The government of Australia has imposed targeted sanctions on 60 vessels linked to Russia’s so-called shadow fleet used to circumvent restrictions on oil and gas exports. This move marks the first time Australia has imposed sanctions against the shadow fleet. The vessels within the fleet are operating using deceptive practices, such as flag-hopping, disabling tracking …
https://splash247.com/australia-places-sanctions-on-60-russian-tankers/
https://splash247.com/australia-places-sanctions-on-60-russian-tankers/Marine seismic specialist SeaBird Exploration has changed its name to SED Energy Holdings following the successful merger with Singapore’s tender drilling rig specialist Energy Drilling. The name and ticker code change, now ENH, will be effective on Euronext Oslo Børs from and including June 20, 2025. Final approval of the listing prospectus for the ordinary …
https://splash247.com/seabird-exploration-changes-name-following-merger/
https://splash247.com/seabird-exploration-changes-name-following-merger/Norwegian offshore vessel owner Solstad Offshore has signed contracts for two of its construction support vessels (CSV). Solstad said in late April that it won deals for three vessels in Brazil. However, all of the contracts were subject to board approval. Two were for yet unnamed AHTS vessels, and one was for the 2002-built Normand …
https://splash247.com/solstad-pens-two-csv-contracts-in-south-america/
https://splash247.com/solstad-pens-two-csv-contracts-in-south-america/Norwegian offshore vessel operator Solstad Offshore has confirmed contracts for two of its construction support vessels (CSVs), which will be put to work in South America.The first contract is with Petrobras for the Normand Flower CSV, owned by Solstad Maritime.The contract…
https://www.marinelink.com/news/solstad-offshores-two-csvs-jobs-south-527078
https://www.marinelink.com/news/solstad-offshores-two-csvs-jobs-south-527078The world's largest car carrier making its maiden voyage is generally cause for celebration. But in the case of Chinese car manufacturer BYD and its mammoth new BYD Shenzhen -- a 16,300 dwt, 9200 CEU, LNG Dual-Fuel PCTC that measures 219.9 x…
https://www.marinelink.com/news/byd-shenzhen-worlds-largest-car-carrier-527079
https://www.marinelink.com/news/byd-shenzhen-worlds-largest-car-carrier-527079Scotland’s largest maritime decarbonization project is now live at the Port of Aberdeen, providing green shore power for vessels at eight berths in the port’s North Harbour.The concept of shore power is simple: allowing vessels to plug directly into power from the port’s renewable energy tariff…
https://www.marinelink.com/news/port-aberdeen-connects-first-vessel-green-527081
https://www.marinelink.com/news/port-aberdeen-connects-first-vessel-green-527081KR (Korean Register) has launched a joint working group to establish international standards for the safe discharge of toxic ammonia effluent generated from ammonia-fueled ships.The initiative brings together Korean major shipbuilders, including HD Hyundai Heavy Industries (HD HHI)…
https://www.marinelink.com/news/new-partnership-standards-ammoniafueled-527085
https://www.marinelink.com/news/new-partnership-standards-ammoniafueled-527085