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Iron ore futures fell toward CNY 710 per ton in early September, retreating from one-month highs on expectations of strong supply in the second half of the year. Industry data showed global iron ore shipments increased by 2.73 million tons week-on-week to 35.72 million tons from August 24-30. However, iron ore arrivals at 47 Chinese ...
https://www.hellenicshippingnews.com/iron-ore-falls-on-strong-supply-outlook/
https://www.hellenicshippingnews.com/iron-ore-falls-on-strong-supply-outlook/The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, surged by 5.5% by 3,331 points on Wednesday, reaching its highest since December 2023. Gains were broad-based, led by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, jumped 8.1% to ...
https://www.hellenicshippingnews.com/baltic-dry-index-jumps-to-2023-highs/
https://www.hellenicshippingnews.com/baltic-dry-index-jumps-to-2023-highs/Dorian LPG has been linked to another major South Korean newbuilding move, with market sources placing the New York-listed owner behind three VLGCs worth KRW477.8bn ($349m) at Hanwha Ocean. Hanwha disclosed the three-ship contract this week, identifying its customer only as an Oceania-based owner and setting delivery by December 6, 2030. Shipbroking sources have since …
https://splash247.com/dorian-tied-to-three-more-vlgcs-at-hanwha/
https://splash247.com/dorian-tied-to-three-more-vlgcs-at-hanwha/EuroHoldings has locked its two vintage feeder containerships into fresh period deals at $24,000 and $20,500 per day, adding around $24m of expected EBITDA as the company builds liquidity for its push into product tankers. The 1,732 teu Joanna has been fixed for at least 30 months, plus up to another 20 days at the …
https://splash247.com/euroholdings-locks-in-boxship-cash-flow-for-tanker-push/
https://splash247.com/euroholdings-locks-in-boxship-cash-flow-for-tanker-push/Hong Kong-listed CSSC Shipping has signed up for ten 80,000 dwt bulk carrier newbuildings in China in a CNH3.235bn ($481m) fleet expansion. The ship leasing arm of state-owned China State Shipbuilding Corporation has entered into contracts with Chengxi Shipyard and China Shipbuilding Trading, with Chengxi and CSSC Guangxi jointly responsible for the design, construction and …
https://splash247.com/cssc-shipping-expands-dry-bulk-portfolio-with-10-newbuilds/
https://splash247.com/cssc-shipping-expands-dry-bulk-portfolio-with-10-newbuilds/Kongsberg Maritime invites members of the press to join the company at SMM Hamburg on Wednesday September 2, for the unveiling of a new development in its propulsion offering.The announcement responds to the demands of the newest generation of large passenger vessels…
https://www.marinelink.com/news/kongsberg-maritime-unveil-new-propulsion-542654
https://www.marinelink.com/news/kongsberg-maritime-unveil-new-propulsion-542654ABB has been selected as the power, propulsion and automation technology partner for two new Ro-Pax ferries, to be named Kupe and Cook, which form part of Cook Strait Ferry Replacement Programme. ABB will supply the integrated systems required to ensure the reliability…
https://www.marinelink.com/news/abb-power-two-ropax-ferries-new-zealand-542656
https://www.marinelink.com/news/abb-power-two-ropax-ferries-new-zealand-542656Marine water and waste specialist Hamworthy has unveiled its new Ultra Trident MBR, a membrane bioreactor that brings wastewater treatment to a wider range of vessels.Hamworthy's first major new system development since becoming independent in June 2026…
https://www.marinelink.com/news/hamworthy-launches-ultra-trident-542657
https://www.marinelink.com/news/hamworthy-launches-ultra-trident-542657More than four in five seafarer deaths handled by Britannia P&I were caused by illness rather than accidents, with cardiovascular disease emerging as the biggest killer onboard. Britannia’s new Crew Claims Report, based on nearly 3,000 claims from the 2023/24 and 2024/25 policy years, found 81% of fatalities were illness-related and just 19% resulted from …
https://splash247.com/four-in-five-crew-deaths-linked-to-illness-britannia-finds/
https://splash247.com/four-in-five-crew-deaths-linked-to-illness-britannia-finds/The war around the Strait of Hormuz has entered an increasingly dangerous tanker-for-tanker phase, with the US striking Iranian state tankers in retaliation for attacks on commercial shipping while a laden VLCC sits abandoned and listing off Oman. The 320,780 dwt Senegal Prosperity, controlled by South Korea’s Sinokor Maritime, was struck by three projectiles while …
https://splash247.com/us-goes-tanker-for-tanker-with-iran/
https://splash247.com/us-goes-tanker-for-tanker-with-iran/