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Coast Guard and Maritime Transportation Subcommittee Ranking Member Salud Carbajal (D-CA-24) and Chair Mike Ezell (R-MS-04) announced their bipartisan American Cargo for American Ships Act passed the House of Representatives. The legislation will strengthen U.S.
https://www.marinelink.com/news/bipartisan-bill-bolster-american-shipping-526693
https://www.marinelink.com/news/bipartisan-bill-bolster-american-shipping-526693ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) Project, awarding $5 billion in contracts to expand and improve efficiency at the project.The contracts involve expanding processing units to boost throughput and improve operation
https://www.marinelink.com/news/adnoc-gas-awards-billion-contracts-rich-526696
https://www.marinelink.com/news/adnoc-gas-awards-billion-contracts-rich-526696Israel stepped up pressure on Yemen's Houthis on Tuesday, deploying its navy to hit targets in the Red Sea port of Hodeidah and threatening the Iran-aligned movement with a naval and air blockade if attacks on Israel persist.Houthi-run Al Masirah…
https://www.marinelink.com/news/israel-strikes-hodeidah-port-threatening-526697
https://www.marinelink.com/news/israel-strikes-hodeidah-port-threatening-526697French President Emmanuel Macron on Tuesday (June 10) met with leaders of Pacific island nations on the sidelines of a United Nations ocean conference in the southern French city of Nice.Macron discussed the impacts of climate change to the Oceania nations…
https://www.marinelink.com/news/macron-discusses-climate-change-impacts-526698
https://www.marinelink.com/news/macron-discusses-climate-change-impacts-526698A global safety charity is calling for ocean workers to be recognized as a frontline group when it comes to the impacts of climate change.According to Lloyd’s Register Foundation’s latest World Risk Poll Focus On report, Risk perceptions and experiences of ocean workers…
https://www.marinelink.com/news/ocean-workers-recognized-frontline-group-526706
https://www.marinelink.com/news/ocean-workers-recognized-frontline-group-526706Iron ore futures prices extended their decline into a second straight session on Tuesday, dragged by expectations of growing supply, although resilient demand from top consumer China and hopes of easing Sino-US trade tensions curbed losses. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 0.85% lower at ...
https://www.hellenicshippingnews.com/iron-ore-extends-fall-on-growing-supply-resilient-china-demand-caps-loss/China soybean imports hit a record high of 13.92 million metric tons in May, customs data showed on Monday, more than double the volume imported in April, as customs clearance speeds returned to normal and the operating rate of crushing plants recovered. Imports had plunged to a 10-year low of 6.08 million metric tons in ...
https://www.hellenicshippingnews.com/china-may-soybean-imports-hit-record-high-of-13-92-million-metric-tons/China’s iron ore imports in May missed expectations, dropping 4.9% from April, as mills exercised caution in buying seaborne cargoes in anticipation of seasonally slower steel consumption. The world’s largest iron ore consumer brought in 98.13 million metric tons of the key steelmaking ingredient last month, data from the General Administration of Customs showed on ...
https://www.hellenicshippingnews.com/china-may-iron-ore-imports-fall-on-expectations-of-seasonally-slow-demand/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, dipped on Tuesday due to a decline in capesize rates, after scaling a seven-month high in the previous session. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 11 points, or 0.6%, to 1,680. ...
https://www.hellenicshippingnews.com/baltic-index-slips-from-seven-month-peak-on-lower-capesize-rates/A new factor which could alter the current “status quo” in the global iron ore and dry bulk market is entering the foray. In its latest weekly report, shipbroker Intermodal said that “the long-awaited Simandou iron ore project in Guinea is poised to shift the global dynamics of iron ore supply and maritime trade. With ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-a-game-changer-in-the-iron-ore-market-is-entering-the-foray/