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Prime Green Recyclers has become the first ship recycling yard in Pakistan to achieve full compliance with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.Bureau Veritas issued the Statement of…
https://www.marinelink.com/news/first-pakistan-recycling-yard-becomes-532931
https://www.marinelink.com/news/first-pakistan-recycling-yard-becomes-532931NYK Line and BHP Group have renewed a memorandum of understanding (MoU) reinforcing both companies’ commitment to support decarbonization and improv the safety of vessel operations.The renewed MoU continues research on technologies for ammonia dual-fuel vessels…
https://www.marinelink.com/news/nyk-bhp-renew-decarbonization-partnership-532932
https://www.marinelink.com/news/nyk-bhp-renew-decarbonization-partnership-532932Iron ore futures prices edged higher on Wednesday, with support from a modest pickup in China demand outweighing pressure from rising global supply and falling steel output. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) was trading 0.19% higher at 797 yuan ($112.57) a metric ton. The benchmark December iron ore ...
https://www.hellenicshippingnews.com/iron-ore-edges-up-on-china-demand-lift-rising-global-supply-caps-gains/China bought at least 10 cargoes of U.S. soybeans worth around $300 million in contracts signed since Tuesday, two traders with knowledge of the deals said, a day after the presidents of both countries spoke on the phone. The purchases of the unusually large volumes extend a surge in Chinese buying after the recent thaw ...
https://www.hellenicshippingnews.com/china-buys-at-least-10-us-soybean-cargoes-in-new-deals-after-trump-xi-call-sources-say/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose for a tenth consecutive session on Wednesday to hit a near two-year high, driven by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 92 ...
https://www.hellenicshippingnews.com/rising-rates-across-vessel-segments-push-baltic-index-to-near-two-year-high/Newbuild deliveries in 2025, in cgt terms, are set to be the highest since the end of the last boom in 2012. How long the shipbuilding boom will last forms the lead in the November edition of Splash Extra, our sister title that is now free to read. The monthly title also contains the key …
https://splash247.com/assessing-the-longevity-of-todays-shipbuilding-boom/
https://splash247.com/assessing-the-longevity-of-todays-shipbuilding-boom/Ray Car Carriers has moved deeper into the crude tanker sector, locking in four VLCC newbuildings at HD Hyundai in South Korea as owners rush to secure remaining large-tanker slots. Industry sources said the Abraham Rami Ungar-controlled company is behind a fresh order disclosed by HD Korea Shipbuilding & Offshore Engineering late last week. The …
https://splash247.com/ray-car-carriers-loads-up-on-vlccs-in-fresh-hd-hyundai-splurge/
https://splash247.com/ray-car-carriers-loads-up-on-vlccs-in-fresh-hd-hyundai-splurge/Seaspan is set to push beyond its boxship roots with a debut entry into the very large ethane carrier (VLEC) market through a major newbuilding programme in China. Shipbrokers say the Bing Chen-led owner has set sights on up to six 100,000 cu m VLECs at Jiangnan Shipyard, part of China State Shipbuilding Corp (CSSC). …
https://splash247.com/seaspan-poised-to-enter-ethane-carrier-business/
https://splash247.com/seaspan-poised-to-enter-ethane-carrier-business/The UK P&I Club and the TT Club have announced that they are currently engaged in discussions regarding a potential merger between the two mutual insurers. The clubs have worked closely together for many years through their common manager, Thomas Miller. At their meetings in November, the boards of both clubs agreed to explore the …
https://splash247.com/uk-pi-club-and-tt-club-enter-merger-discussions/
https://splash247.com/uk-pi-club-and-tt-club-enter-merger-discussions/The next year will be defined by technology that makes wind-assist easier to install, measure and justify — and the data now coming back from ships is already strengthening the commercial case, says Clare Urmston, chief executive of UK rotor sails supplier Anemoi. She says the company is pushing ahead with upgrades across its product …
https://splash247.com/anemoi-rotor-sail-payback-window-tightening-as-regulation-bites/
https://splash247.com/anemoi-rotor-sail-payback-window-tightening-as-regulation-bites/