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Iron ore futures extended gains on Thursday, aided by improved steel margins and the expectation of feedstock replenishment among steel mills in top consumer China. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) rose for a third straight session to end daytime trade up 1.63% at 777.5 yuan ($110.43) a metric ton, ...
https://www.hellenicshippingnews.com/iron-ore-extends-gains-on-improving-steel-margins-restocking-hopes/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, extended losses to a more than one-month low on Thursday, as vessel rates declined across the board. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 50 points, or 2.4%, to 2,071 ...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-on-declining-rates-across-all-vessel-segments/Norwegian ocean services player DeepOcean has been awarded a new long-term inspection, maintenance, and repair frame agreement with operator Vår Energi. The contract has a firm duration of five years, running until the end of October 2030, with options to extend for up to an additional four years. The scope of the contract includes subsea …
https://splash247.com/deepocean-bags-five-year-imr-deal-with-var-energi/
https://splash247.com/deepocean-bags-five-year-imr-deal-with-var-energi/Philippos Ioulianou, managing director of EmissionLink, writes for Splash today. If 2025 was meant to be the year shipping sprinted towards a clean-fuel future, it never quite got off the starting blocks. We are ending the year with a familiar scenario: ambitious targets, unclear routes, uneven enforcement and an industry being pushed faster than the …
Heinrich Schulte, the long-standing chairman of the Schulte Group, has passed away, aged 90. Heinrich Schulte was born in Hamburg, but with family roots in Papenburg and Emden. He joined his father’s shipping company, Bernhard Schulte, in 1963. He expanded the company into a diversified global maritime group. In addition to the shipowning business, which …
https://splash247.com/shipping-industry-veteran-heinrich-schulte-passes-away/
https://splash247.com/shipping-industry-veteran-heinrich-schulte-passes-away/Shanghai International Port Group (SIPG) has appointed ex-Shanghai transport commission head Yu Fulin as its chairman. According to the company, Yu Fulin was elected by the SIPG’s board via a unanimous vote. He will also serve as the chairman of the strategy committee. Fulin is a senior engineer, born in March 1967. He currently serves …
https://splash247.com/sipg-picks-new-chairman/
https://splash247.com/sipg-picks-new-chairman/Finland’s Mikki Koskinen has been named as the new president of the European Community Shipowners’ Associations, effective January 1, 2026. Koskinen has been the managing director of ESL Shipping Oy, part of Aspo Group, since 2013, and is a member of Aspo’s Executive Board. Before that, he was the managing director of Meriaura Oy. Koskinen …
https://splash247.com/finnish-shipping-executive-mikki-koskinen-to-lead-ecsa-from-2026/
https://splash247.com/finnish-shipping-executive-mikki-koskinen-to-lead-ecsa-from-2026/Danish offshore wind installation firm Cadeler has launched its Wind Ace wind turbine installation vessel (WTIV) newbuild at the COSCO Qidong yard in China.With the launching complete, Wind Ace has moved into the final construction phase, which entails installation of the remaining leg sections…
https://www.marinelink.com/news/cadeler-launches-th-offshore-wind-533676
https://www.marinelink.com/news/cadeler-launches-th-offshore-wind-533676VARD has recently signed an agreement (MoU) with the major Norwegian research institute NORCE, establishing a strategic partnership to cooperate on research and innovation.The agreement encompasses topics such as design, construction, on board…
https://www.marinelink.com/news/vard-forms-research-innovation-533678
https://www.marinelink.com/news/vard-forms-research-innovation-533678"Assuming a significant increase in recycling of older ships and a reduction in average sailing speeds, we forecast that average market conditions in 2026 will be like those in 2025 but 2027 could see slightly weaker market conditions. We forecast…
https://www.marinelink.com/news/container-vessels-return-suez-canal-looms-533685
https://www.marinelink.com/news/container-vessels-return-suez-canal-looms-533685