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The Shanghai Shipping Exchange has formally introduced seven additional container freight benchmarks covering major international trade lanes, alongside an updated contract framework allowing shipping companies and cargo owners to link freight payments to published indices. The new Shanghai Containerized Freight Index (SCFI) components were unveiled at the North Bund International Shipping Forum on October 20. …
https://splash247.com/shanghai-expands-freight-index-coverage-with-seven-new-benchmarks/
https://splash247.com/shanghai-expands-freight-index-coverage-with-seven-new-benchmarks/The Panama Canal has restored last-minute transit reservations for ships using its panamax locks, easing one of the restrictions introduced during this year’s drought-related disruption. The canal authority confirmed that the service resumed on October 21, allowing operators to secure short-notice passage when slots become available. The additional reservations will be offered at the authority’s …
https://splash247.com/panama-canal-reopens-last-minute-slots-amid-traffic-recovery/
https://splash247.com/panama-canal-reopens-last-minute-slots-amid-traffic-recovery/Kenya has outlined an investment programme worth nearly $1.2bn covering a sweeping overhaul of port operations at Mombasa and Lamu as the government prepares to bring private operators into some of its most important maritime assets. New figures disclosed by the National Treasury put the first package of concessions at KSh79.69bn ($615m), with Kenya Ports …
https://splash247.com/kenya-sets-out-1-2bn-port-privatisation-investment-programme/
https://splash247.com/kenya-sets-out-1-2bn-port-privatisation-investment-programme/The average imported iron ore margin narrowed from 9.79 yuan/mt to 1.03 yuan/mt in the latest period, weighed down mainly by a sharp fall in port spot prices. On fundamentals, SMM survey data showed total iron ore stocks at 10 ports at 104.65 million mt on October 22, down 490,000 mt from the previous survey. ...
https://www.hellenicshippingnews.com/imported-iron-ore-margin-narrows-to-1-03-yuan-mt-as-port-prices-slump/Capesize The Capesize market recovered steadily through the week, with improving sentiment across both basins lifting the BCI 182 5TC from $30,518 on Monday to $34,380 by Friday. The Pacific led the initial recovery, supported by renewed operator demand, increased miner participation and talk of potential weather-related delays in China. C5 rates advanced from the ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-recovering-steadily/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-recovering-steadily/Fincantieri hosted Acting U.S. Navy Secretary Hung Cao and senior federal officials at its Marinette and Sturgeon Bay shipyards in Wisconsin, highlighting investments in advanced manufacturing, automation and expanded shipbuilding capacity as the company prepares for construction of the U.S.
https://www.marinelink.com/news/us-navy-secretary-visits-fincantieri-543878
https://www.marinelink.com/news/us-navy-secretary-visits-fincantieri-543878DOF Group ASA has agreed to sell the 2018-built subsea construction vessel Skandi Implementer to an undisclosed buyer.The vessel is planned to be delivered to its new owner in Q2 2027. The sale will contribute to a material reduction in the…
https://www.marinelink.com/news/dof-group-sells-skandi-implementer-543879
https://www.marinelink.com/news/dof-group-sells-skandi-implementer-543879October has been the worst month for attacks on commercial shipping in the Strait of Hormuz and nearby waterways, according to data compiled by a Washington-based think tank that has tracked maritime security incidents worldwide since 2017."October…
https://www.marinelink.com/news/strait-hormuz-ship-attacks-reach-new-high-543880
https://www.marinelink.com/news/strait-hormuz-ship-attacks-reach-new-high-543880Oil prices rose on Friday, with Brent crude touching its highest since early May, after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East where UAE authorities also reported an oil spill.Brent crude futures gained $1.71…
https://www.marinelink.com/news/brent-crude-prices-reach-fivemonth-high-543881
https://www.marinelink.com/news/brent-crude-prices-reach-fivemonth-high-543881China is combining militia vessels with coast guard ships to expand "battlefield preparation" around Taiwan and into the western Pacific, Taiwan's Coast Guard said, warning the operations were also putting pressure on Japan and the Philippines.Responding…
https://www.marinelink.com/news/china-militia-boats-expand-battlefield-543883
https://www.marinelink.com/news/china-militia-boats-expand-battlefield-543883