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Iron ore futures retreated on Wednesday, due to some profit-taking and weaker-than-expected inflation data in top consumer China, although the bets of demand picking up along with production resumption among mills curbed losses. The benchmark October iron ore (SZZFV5) on the Singapore Exchange was down 0.33% at $107 a metric ton, as of 0913 GMT ...
https://www.hellenicshippingnews.com/iron-ore-eases-on-profit-taking-weak-china-inflation-data/
https://www.hellenicshippingnews.com/iron-ore-eases-on-profit-taking-weak-china-inflation-data/U.S. farmers are missing out on billions of dollars of soybean sales to China halfway through their prime marketing season, as stalled trade talks halt exports and rival South American suppliers step in to fill the gap, traders and analysts said. Chinese importers have booked around 7.4 million metric tons of mainly South American soybeans ...
https://www.hellenicshippingnews.com/us-misses-out-on-billions-in-china-soybean-sales-midway-through-peak-season/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit an over one-month high on Wednesday, driven by increased prices across capesize and panamax vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, increased by 33 points, or 1.6%, to ...
https://www.hellenicshippingnews.com/baltic-index-extends-gains-on-higher-rates-across-larger-vessels/Swiss technology group ABB has strengthened its collaboration with Swedish nuclear developer Blykalla to fast-track the use of small modular reactors (SMRs) in the maritime sector. The new memorandum of understanding (MoU) builds on an earlier deal between the two companies, signed in late 2024, that focused on developing Blykalla’s lead-cooled SMR technology for Sweden’s …
https://splash247.com/abb-and-blykalla-move-to-bring-nuclear-propulsion-closer-to-shipping/
https://splash247.com/abb-and-blykalla-move-to-bring-nuclear-propulsion-closer-to-shipping/Japan’s Lepta Shipping has added to its orderbook at Yangzijiang Shipbuilding, contracting two midsize LPG carriers. Newbuilding sources said the 48,000 cu m pair will deliver in 2028 at an undisclosed price. The order follows separate deals at Yangzi Mitsui, where Lepta had earlier signed up for a series of 40,000 cu m LPG carriers …
https://splash247.com/lepta-shipping-books-more-lpg-newbuilds-in-china/
https://splash247.com/lepta-shipping-books-more-lpg-newbuilds-in-china/South Korea’s Dongjin Shipping has stepped outside its domestic market for its fleet expansion by ordering its first newbuilds from a Chinese yard. Brokers report the Seoul-based feeder operator has contracted Yangzijiang Shipbuilding for three 1,100 teu vessels in a deal worth about $70m. Each ship is priced at $23m, with deliveries scheduled between 2027 …
https://splash247.com/south-koreas-dongjin-shipping-breaks-ground-with-first-chinese-newbuild-order/
https://splash247.com/south-koreas-dongjin-shipping-breaks-ground-with-first-chinese-newbuild-order/Shanghai-listed Jinjiang Shipping has returned to the yards, lining up fresh feeder tonnage as it looks to strengthen its intra-Asia network. The Shanghai International Port Group-controlled carrier has committed to up to four 1,182 teu containerships, with two firm units and two options. Deliveries are expected by 2027. Tender documents name SUMEC Marine as the …
https://splash247.com/jinjiang-shipping-in-for-up-to-four-feeder-newbuilds/
https://splash247.com/jinjiang-shipping-in-for-up-to-four-feeder-newbuilds/Turkish industrial conglomerate Ciner Group is poised to re-enter the container shipping market with two 3,100 TEU vessels at China’s New Dayang Shipyard. Boxship newbuilding players estimate each ship at around $44m, with deliveries expected in late 2027. While the exact design details remain under wraps, sources suggest the vessels will be conventional boxships suitable …
https://splash247.com/ciner-charts-return-to-boxships-with-china-newbuilds/
https://splash247.com/ciner-charts-return-to-boxships-with-china-newbuilds/At Gastech 2025, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HD HHI) received approval in principle (AIP) from ABS for its concept design of a 16,000 TEU container ship with an electric propulsion…
https://www.marinelink.com/news/abs-aip-electric-propulsion-container-529828
https://www.marinelink.com/news/abs-aip-electric-propulsion-container-529828Japan aims to start planning a national floating wind test centre next year, a senior industry official said, vowing to pursue a path of wind power growth despite a recent setback when Mitsubishi quit three projects.Mitsubishi-led consortia…
https://www.marinelink.com/news/floating-offshore-wind-test-center-529829
https://www.marinelink.com/news/floating-offshore-wind-test-center-529829