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The rise of India’s steel sector is touted as a boost for iron ore miners seeking to find new markets as China’s output eases, but the reality is likely to fall short of the hype. India’s steel-making capacity is currently about 200 million metric tons per annum and the South Asian nation has ambitious plans ...
https://www.hellenicshippingnews.com/indias-iron-ore-imports-to-trend-higher-but-its-no-china/
https://www.hellenicshippingnews.com/indias-iron-ore-imports-to-trend-higher-but-its-no-china/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a fifth straight session on Tuesday on firmer rates for capesize and panamax vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 8 points, or 0.6%, at 1,430 ...
https://www.hellenicshippingnews.com/baltic-index-gains-for-fifth-straight-session-2/
https://www.hellenicshippingnews.com/baltic-index-gains-for-fifth-straight-session-2/Greek shipowner OceanPal has struck a deal to sell its oldest bulk carrier. The Nasdaq-listed company is shipping out the 2004-built panamax Protefs to an unnamed buyer for $7m before commissions. The Jiangnan Shanghai Changxing-built 73,600 dwt unit should change hands by June 17. Earlier this year, OceanPal sold the 2005-built 171,800 dwt Salt Lake …
https://splash247.com/oceanpal-offloads-its-oldest-bulker/
https://splash247.com/oceanpal-offloads-its-oldest-bulker/UK-based shipowner Purus Marine has firmed up an order for a new LNG carrier at HD Hyundai Heavy Industries, adding to its growing gas carrier orderbook in South Korea. The Julian Proctor-led company has signed for a 180,000 cu m newbuild with delivery set for the fourth quarter of 2027 into a long-term charter with …
https://splash247.com/purus-confirms-south-korean-lng-carrier-order/
https://splash247.com/purus-confirms-south-korean-lng-carrier-order/Kongsberg Maritime has secured a contract to supply a comprehensive equipment package for four new offshore construction vessels (OCVs) to be built at Cosco Nantong for Norwegian offshore services provider Sea1 Offshore.Kongsberg Maritime and…
https://www.marinelink.com/news/kongsberg-maritime-supply-equipment-sea-526428
https://www.marinelink.com/news/kongsberg-maritime-supply-equipment-sea-526428Classification Society DNV has granted Approval in Principle (AiP) certificates to Hudong-Zhonghua Shipbuilding for three new vessel designs.The AiPs highlight the ongoing collaboration between the two organizations and reinforce their shared…
https://www.marinelink.com/news/dnv-greenlights-hudongzhonghuas-three-526429
https://www.marinelink.com/news/dnv-greenlights-hudongzhonghuas-three-526429The SL7EXPO project, which aims to preserve one of the groundbreaking SL-7 Sea-Land Container ships as a commercial maritime exposition center in support of the SHIPS for America Act, has received seed funding from the Society of Marine Port…
https://www.marinelink.com/news/society-marine-port-engineers-backs-526433
https://www.marinelink.com/news/society-marine-port-engineers-backs-526433Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been contracted to supply a regasification module for Höegh Evi, which will be installed onboard the LNG carrier Hoegh Gandria to convert the vessel to a high-capacity floating storage and regasification unit (FSRU).When converted…
https://www.marinelink.com/news/wrtsil-supply-regasification-module-526434
https://www.marinelink.com/news/wrtsil-supply-regasification-module-526434Ukraine's SBU security service said on Tuesday that it had hit the road and rail bridge linking Russia and the Crimean peninsula below the water level with explosives.In a statement, the SBU said it had used 1,100 kilograms (2,420 pounds) of…
https://www.marinelink.com/news/ukraine-hits-crimea-bridge-underwater-526439
https://www.marinelink.com/news/ukraine-hits-crimea-bridge-underwater-526439XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), is aiming to have a gas and LNG business with a capacity of between 20 million and 25 million metric tons a year by 2035, the company said in a statement on Tuesday.XRG…
https://www.marinelink.com/news/xrg-aims-gas-lng-capacity-million-tons-a-526440
https://www.marinelink.com/news/xrg-aims-gas-lng-capacity-million-tons-a-526440