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Ocean engineering researchers at Texas A&M University are developing a smart system to combat collisions between ships and stationary structures such as offshore platforms. By combining raw radar imaging data with advanced machine learning, the researchers have created SMART-SEA…
https://www.marinelink.com/news/texas-am-develops-smart-navigation-533207
https://www.marinelink.com/news/texas-am-develops-smart-navigation-533207Major carrier CMA CGM has announced its INDAMEX service will transit Suez Canal on fronthaul and backhaul voyages between India/Pakistan and US East Coast in a notable step towards a largescale return of container ships to the Red Sea region.The…
https://www.marinelink.com/news/red-sea-return-imminent-container-533208
https://www.marinelink.com/news/red-sea-return-imminent-container-533208Brazil’s soybean exports jumped 64% in November from a year ago to 4.2 million metric tons, the government said, with good local supply allowing elevated shipments before the world’s largest importer China shifts to United States’ beans. Brazil soy exports normally fall towards the end of the year as the country approaches the new harvest ...
https://www.hellenicshippingnews.com/brazil-soy-exports-jump-64-in-november-ahead-of-chinese-shift-to-us/Capesize The market delivered a firm performance this week, characterised by early strength, a mid-week surge and a measured correction thereafter. Positive momentum was established in the Pacific, where steady miner activity and tightening tonnage lists kept C5 values anchored in the low-to-mid $12s. While sentiment eased slightly toward the end of the week, the ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-gaining-momentum/
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-gaining-momentum/Dalian iron ore futures slid on Friday and ended the week lower, as rising year-end seaborne shipments and tepid Chinese demand weighed. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! fell 1.01% to 785.5 yuan ($111.12) a metric ton. The contract ended the week 0.57% lower. The benchmark January iron ...
https://www.hellenicshippingnews.com/dalian-iron-ore-ends-week-lower-on-improved-supply-soft-chinese-demand/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, was dragged lower by weaker rates across segments on Friday, but logged a weekly gain, buoyed by near two-year highs hit earlier. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by ...
https://www.hellenicshippingnews.com/baltic-index-edges-down-on-lower-rates-but-posts-weekly-rise-on-earlier-highs/Samsung Heavy Industries (SHI) from South Korea has made significant advancements in the shipbuilding sector in the United States by forming two new collaborations in line with Washington’s initiative to boost domestic shipyards known as Make American Shipbuilding Great Again (MASGA). In a trilateral memorandum of agreement, SHI partnered with General Dynamics NASSCO and their …
https://splash247.com/samsung-heavy-forms-two-american-shipyard-tie-ups/
https://splash247.com/samsung-heavy-forms-two-american-shipyard-tie-ups/Global merchant and processor of agricultural goods Louis Dreyfus is coming onboard a Pakistani port development programme, signing with a subsidiary of AD Ports Group to create a clean bulk handling and storage facility for agricultural goods at Karachi port. Rubens Marques, Louis Dreyfus’s head of South and Southeast Asia, said: “This development reflects our …
https://splash247.com/louis-dreyfus-comes-onboard-pakistan-port-project/
https://splash247.com/louis-dreyfus-comes-onboard-pakistan-port-project/Hengli Heavy Industry has tightened its foothold in the Greek newbuilding market after securing fresh LR2 product tanker orders from shipowning groups Alimia and Laskaridis. The Chinese yard confirmed it has signed multiple effective contracts for LR2s with the Athens-based owners, marking another step forward in its push into high-end liquid cargo carriers. The LR2s …
https://splash247.com/minerva-and-laskaridis-boost-tanker-bets-with-lr2s-at-hengli/
https://splash247.com/minerva-and-laskaridis-boost-tanker-bets-with-lr2s-at-hengli/According to StormGeo CEO Kim Sørensen, the next 12 months will mark a critical inflection point in how decisions are made at sea and ashore. “Over the next year, I anticipate significant advancements in generative AI and a growing adoption of autonomous AI agents that can make decisions and solve problems with minimal human intervention,” …
https://splash247.com/stormgeo-how-decision-making-in-shipping-is-changing/
https://splash247.com/stormgeo-how-decision-making-in-shipping-is-changing/