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In a deal to deliver immersive training at scale to the maritime industry, ABS has signed an agreement to purchase the MetaSHIP intellectual property and related vessel simulator software assets from Orka Informatics as part of the strategic growth plan for ABS Training Solutions.The acquisition…
https://www.marinelink.com/news/abs-acquires-metaship-maritime-training-531193
https://www.marinelink.com/news/abs-acquires-metaship-maritime-training-531193Stena Line’s newest vessel, Stena Connecta, was officially named at the CMI Shipyard in Weihai, China on October 16, and will soon begin her maiden voyage to her new home port on the Irish Sea. Alongside Stena Futura, which entered service in September…
https://www.marinelink.com/news/new-stena-line-vessel-set-sail-home-port-531201
https://www.marinelink.com/news/new-stena-line-vessel-set-sail-home-port-531201Today, Thursday, October 16 2025, the Baltic Dry Index climbed by 49 points, reaching 2046 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2046-up-49-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2046-up-49-points/Russia, the world’s top wheat exporter, resumed shipments to Indonesia in October, the state agriculture watchdog said on Wednesday, after a pause since January due to negotiations between the two countries over access for Russian grains. The watchdog said that Indonesia’s Quarantine Agency agreed in August to extend safety certificates for Russian grains, paving the ...
https://www.hellenicshippingnews.com/russia-resumes-wheat-supplies-to-indonesia-state-agriculture-watchdog-says/Dalian iron ore futures extended declines to hit a more than six-week low on Thursday, weighed down by the anticipation of falling demand in top consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange TIO1! closed daytime trade 0.89% lower at 773.5 yuan ($108.56) a metric ton, after touching its lowest ...
https://www.hellenicshippingnews.com/dalian-iron-ore-hits-more-than-6-week-low-on-bets-for-falling-demand/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, edged up on Thursday, driven by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 49 points, or 2.5%, to 2,046 points. On Tuesday, Washington and Beijing ...
https://www.hellenicshippingnews.com/baltic-index-ticks-up-on-gains-across-all-vessel-segments/
https://www.hellenicshippingnews.com/baltic-index-ticks-up-on-gains-across-all-vessel-segments/France’s CMA CGM has signed a letter of intent with Cochin Shipyard Ltd (CSL) to build six LNG-powered feeder containerships, marking the first-ever order by a global liner operator at an Indian yard. The 1,700 teu vessels are valued at around $300m in total. A formal shipbuilding contract outlining technical and commercial terms will follow …
https://splash247.com/cma-cgm-turns-to-india-for-six-feeder-newbuilds/
https://splash247.com/cma-cgm-turns-to-india-for-six-feeder-newbuilds/Iron ore continues to dominate global dry bulk tonne-mile generation, though its relative weight has steadily declined over the past decade, from 41.5% in 2015 to a low of 36.2% in 2024, and to around 37.1% in 2025 year to date, according to dry bulk carrier movement data from AXSMarine carried in a new report …
https://splash247.com/bauxite-steals-iron-ores-thunder/
https://splash247.com/bauxite-steals-iron-ores-thunder/While the majority of opening statements at yesterday’s opening of the latest Marine Environment Protection Committee (MEPC) were broadly in favour of the International Maritime Organization’s (IMO) Net-Zero Framework (NZF), the US delegation stood out once again for its outspoken opposition to the proposed green legislation. The American delegation, which made headlines in April for …
https://splash247.com/imos-green-dream-meets-americas-red-line/
https://splash247.com/imos-green-dream-meets-americas-red-line/$1.7m. That’s the fee – or RMB12.1m – that the German owners of the US-flagged Matson Waikiki are being forced to pay to allow the vessel to dock in Shanghai, a sizeable sum, and an indication of the chaos, and costs, that are arising from yesterday’s introduction of hiked port fees by Washington and Beijing. …
https://splash247.com/panamax-boxship-hit-with-1-7m-shanghai-fee-as-chinas-new-port-levies-bite/
https://splash247.com/panamax-boxship-hit-with-1-7m-shanghai-fee-as-chinas-new-port-levies-bite/