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Iron ore futures fell for a third straight session on Tuesday amid renewed market talk of crude steel production cuts in top consumer China, which has long been plagued by overcapacity. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 1.76% lower at 698.5 yuan ($97.16) a metric ...
https://www.hellenicshippingnews.com/iron-ore-extends-declines-on-talk-of-steel-production-cuts-in-china/Seanergy Maritime Holdings Corp., a leading pure-play Capesize shipping company, yesterday reported its financial results for the first quarter of 2025 and announced a quarterly cash dividend of $0.05 per common share—marking the 14th consecutive quarterly dividend under its capital return policy. For the quarter ended March 31, 2025, the Company generated Net Revenues of ...
https://www.hellenicshippingnews.com/seanergy-maritime-reports-first-quarter-net-revenues-of-24-2-million/The dry bulk market’s improvement has translated to higher dry bulkers’ values. In its latest weekly report, shipbroker Xclusiv said that “the relationship between spot market performance and asset values is a core theme in dry bulk shipping. By examining average monthly data from August 2015 to May 2025, including the Baltic S10TC and the ...
https://www.hellenicshippingnews.com/dry-bulkers-prices-on-the-rise-as-market-improves/
https://www.hellenicshippingnews.com/dry-bulkers-prices-on-the-rise-as-market-improves/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near two-week low on Tuesday on reduced demand for all vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 44 points, or 3.3%, to 1,296, its lowest since ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-two-week-low-as-rates-decline-across-segments/Amid ongoing maritime tensions, the Philippines signaled it is open to exploring new agreements with China aimed at preserving peace in the contested South China Sea, Foreign Affairs Secretary Enrique Manalo said Sunday during an ASEAN summit…
https://www.marinelink.com/news/seeking-peace-south-china-sea-526156
https://www.marinelink.com/news/seeking-peace-south-china-sea-526156The global maritime sector is entering an era of heightened geopolitical and regulatory uncertainty that threatens to offset long-term safety gains, according to Allianz Commercial’s 2025 Safety and Shipping Review. While vessel losses have reached a record low…
https://www.marinelink.com/news/global-tensions-ratchet-shipping-sector-526159
https://www.marinelink.com/news/global-tensions-ratchet-shipping-sector-526159Marlink is supporting Simon Møkster Shipping with flexible allocation of Starlink LEO bandwidth across its fleet, enabling the ship owner to deploy LEO internet bandwidth where it is most needed, supporting simplified connectivity for business…
https://www.marinelink.com/news/simon-mkster-shipping-pools-starlink-526160
https://www.marinelink.com/news/simon-mkster-shipping-pools-starlink-526160U.S. private equity firm Cerberus Capital Management has expressed interest in acquiring the lease to Australia’s strategically vital Darwin Port, according to a senior executive at Landbridge, the Chinese company currently operating the port.Terry O’Connor…
https://www.marinelink.com/news/cerberus-eyes-darwin-port-526162
https://www.marinelink.com/news/cerberus-eyes-darwin-port-526162SANMAR launched a compact tug for new customer NEMECA – the first tugboat it has built for Greece.The Bigaçay range ASD tug is based on the exclusive-to-SANMAR RAstar 2900SX design from Canadian naval architects Robert Allan Ltd, and can achieve…
https://www.marinelink.com/news/sanmar-launches-tug-greek-owner-526163
https://www.marinelink.com/news/sanmar-launches-tug-greek-owner-526163Finnish propulsion specialist Steerprop has appointed Marit Holmlund-Sund as its new Director of Brand, Marketing & Communications. Holmlund-Sund, who joined Steerprop in March, will be responsible for growing awareness of the company’s high…
https://www.marinelink.com/news/steerprop-appoints-holmlundsund-director-526164
https://www.marinelink.com/news/steerprop-appoints-holmlundsund-director-526164