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“Uncertainty over the Strait of Hormuz remains central to the outlook. A three-week ceasefire between the US and Iran allowed transits to partly recover, but safety conditions have since deteriorated. Under normal market conditions, around 4% of dry bulk cargoes and tonne-mile demand sail through the strait,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-el-nino-to-act-as-a-new-demand-shock-bimco-says/Chinese state-owned carrier Zhenghe Mainline has returned to Hengli Shipbuilding for six 4,600 teu containerships in a deal worth more than RMB3bn ($443m). The ships will be deployed on a service linking Taicang with the Baltic after delivery, giving parent Jiangsu Port Group greater control over capacity serving exporters in eastern China. The carrier also …
https://splash247.com/zhenghe-mainline-books-six-boxships-at-hengli/
https://splash247.com/zhenghe-mainline-books-six-boxships-at-hengli/Thomas Zaidman, CEO, Sagitta Marine SA, argues that making commercial decisions is now more about managing uncertainty than trying to eliminate risk. For decades, the dry bulk freight market could be understood through a relatively straightforward framework. Freight rates rose and fell with Chinese steel production, agribulk-related seasonality, fleet growth and the larger cycles of …
https://splash247.com/dry-bulk-volatility-is-no-longer-the-risk-its-the-business-model/
https://splash247.com/dry-bulk-volatility-is-no-longer-the-risk-its-the-business-model/Energy trader BGN has launched its first US retail bunkering operation, supplying conventional marine fuels from Houston across the Gulf Coast. The new business will offer high sulphur fuel oil, very low sulphur fuel oil and marine gasoil to shipowners calling at ports across the region. BGN will initially use the operation to supply its …
https://splash247.com/bgn-launches-us-gulf-bunkering-arm/
https://splash247.com/bgn-launches-us-gulf-bunkering-arm/Sallaum Lines has returned to China Merchants Shipyard for another large car carrier newbuilding, signing for one firm 8,600 ceu vessel with an option for a second. The LNG dual-fuel ship will be built ammonia-ready and is scheduled for delivery in 2029.The latest contract follows Sallaum’s order last month for two firm and two optional …
https://splash247.com/sallaum-lines-expands-car-carrier-orderbook-with-fresh-china-deal/
https://splash247.com/sallaum-lines-expands-car-carrier-orderbook-with-fresh-china-deal/Transnet National Ports Authority (TNPA) has docked the Marshall Islands-flagged crude oil tanker Troy at the Port of Durban’s Prince Edward Graving Dock. Measuring 228 m in length, with an extreme breadth of 32.2 m and a deadweight capacity of 73,180 tonnes, Troy is among the longest vessels to utilise the Prince Edward Graving Dock. …
https://splash247.com/repair-options-boosted-in-south-africa/
https://splash247.com/repair-options-boosted-in-south-africa/Greek owner JME Navigation has returned to China’s New Dayang Shipbuilding for another ultramax, securing one of the yard’s remaining 2030 delivery positions. Brokers report that the 64,000 dwt Crown 63 vessel is due in early 2030. The contract was reportedly signed some time ago but has not been announced by JME, New Dayang or …
https://splash247.com/jme-adds-to-new-dayang-ultramax-series/
https://splash247.com/jme-adds-to-new-dayang-ultramax-series/Taiwan has laid out plans to add as much as 18GW of offshore wind capacity by 2039 as rising power demand from the island’s semiconductor, artificial intelligence and high-tech sectors puts pressure on electricity supply. The Ministry of Economic Affairs’ 2026–2039 Offshore Wind Power Medium- and Long-Term Promotion Plan targets total installed capacity of between …
https://splash247.com/taiwan-charts-offshore-wind-growth-through-2039/
https://splash247.com/taiwan-charts-offshore-wind-growth-through-2039/Western LNG has awarded a contract to Swiss-based marine construction specialist Allseas for the installation of the critical subsea section of the Prince Rupert Gas Transmission (PRGT) pipeline in northwest Canada. Located in the remote waters of north-western British Columbia, near the Alaska border, the subsea pipeline forms the final link in a 700 km …
https://splash247.com/allseas-scores-canadian-lng-pipeline-installation-deal/
https://splash247.com/allseas-scores-canadian-lng-pipeline-installation-deal/Oslo-listed Pelagic Credit has struck a $47.4m sale-and-leaseback deal for three Hartmann-controlled handysize bulkers, marking its first investment in the dry bulk sector. The Limassol-based shipping investor will acquire the 2016-built Federal Alster and 2017-built sisters Federal Mosel and Federal Ruhr. The three ships are each around 36,600 dwt. The vessels will be chartered back …
https://splash247.com/pelagic-credit-seals-47m-hartmann-bulker-leaseback/
https://splash247.com/pelagic-credit-seals-47m-hartmann-bulker-leaseback/