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Prices of Dalian iron ore futures traded within a thin range on Thursday as investors weighed resilient demand for the steelmaking ingredient in top consumer China against rising shipments from leading producers Australia and Brazil. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.14% higher at 727 yuan ...
https://www.hellenicshippingnews.com/dalian-iron-ore-rangebound-as-traders-weigh-china-demand-higher-shipments/United Maritime Corporation, announced yesterday its financial results for the first quarter ended March 31, 2025. The Company also declared a quarterly dividend of $0.01 per common share for the first quarter of 2025. For the quarter ended March 31, 2025, the Company generated Net Revenues of $7.8 million compared to $10.6 million in the ...
https://www.hellenicshippingnews.com/united-maritime-remains-optimistic-about-future-dry-bulk-markets-prospects/With growing industry attention focused on the latest USTR port fees, we take a closer look at the evolution of the dry bulk fleet, particularly in light of a noticeable slowdown in new contracting activity. According to Signal Ocean Orderbook Data Analytics – Dry Bulk Fleet Projection Analysis, between 2020 In 2024, the global dry ...
https://www.hellenicshippingnews.com/dry-bulk-weekly-monitor-dry-bulk-fleet-growth-2025-2026/
https://www.hellenicshippingnews.com/dry-bulk-weekly-monitor-dry-bulk-fleet-growth-2025-2026/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, breaking a three-session losing streak on the back of stronger demand in the capesize segment. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, gained 4 points, or 0.3%, to 1,341. ...
https://www.hellenicshippingnews.com/baltic-dry-index-snaps-3-session-losing-streak-on-capesize-strength/Swiss-based liner giant Mediterranean Shipping Co (MSC) has secured regulatory approval for the takeover of Brazilian port and maritime logistics operator Wilson Sons. London-listed Ocean Wilsons Holdings said in a filing that the sale of its 56% interest in Wilson Sons to MSC subsidiary Shipping Agencies Services has been accepted by the Brazilian National Waterway …
https://splash247.com/msc-cleared-for-wilson-sons-takeover/
https://splash247.com/msc-cleared-for-wilson-sons-takeover/Shanghai Jinghan Shipping is expanding its fleet with up to two chemical tanker newbuildings at a domestic yard. The company, which says it operates and manages eight chemical tankers, has contracted Yangfan Group’s Zhoushan Dashenzhou Shipbuilding for one firm 7300 dwt duplex stainless steel unit and secured an option for an additional newbuild. Delivery details …
https://splash247.com/shanghai-jinghan-signs-for-chemical-tanker-newbuilds/
https://splash247.com/shanghai-jinghan-signs-for-chemical-tanker-newbuilds/Copenhagen-headquartered offshore wind installation player Cadeler has bought a newly constructed jackup wind turbine installation vessel (WTIV) from Shanghai Boqiang Heavy Industry. The company acquired the 2024-built Boqiang 3060 vessel, set to be renamed Wind Keeper. The vessel is fitted with a Huisman main crane with a 2,200 t lifting capacity, Kongsberg’s DP2 dynamic positioning …
https://splash247.com/cadeler-buys-chinese-built-wind-turbine-installation-vessel/
https://splash247.com/cadeler-buys-chinese-built-wind-turbine-installation-vessel/Danish shipping giant Norden is working on a pilot project with global technology company Microsoft to help reduce its maritime supply chain emissions The company said that the pilot project involves the use of Norden’s biofuel voyage and Book and Claim solution. Norden’s book and claim solution enables companies reliant on maritime transportation to take …
https://splash247.com/norden-helps-lower-microsofts-maritime-supply-chain-emissions/
https://splash247.com/norden-helps-lower-microsofts-maritime-supply-chain-emissions/UK-based technology firm Sedna has continued its expansion with the acquisition of Athens-based maritime workflow solutions provider, CompassAir. CompassAir, with a foothold in the Greek and Norwegian shipping sector, delivers expertise across the research, negotiation, and handover stages of the maritime trade lifecycle. The acquisition for an undisclosed sum will see its S&P and chartering …
https://splash247.com/sedna-expands-with-compassair-buy/
https://splash247.com/sedna-expands-with-compassair-buy/Ningbo Ocean Shipping Co (NBOSCO) has selected a shipyard for its latest series of containership newbuildings. Huangpu Wenchong Shipbuilding has won a tender to build four 2,700 teu vessels for the Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group, which earlier this year lined up $192m for fleet expansion. The CSSC-affiliated yard in Guangzhou also recently picked …
https://splash247.com/ningbo-ocean-shipping-picks-yard-for-2700-teu-series/
https://splash247.com/ningbo-ocean-shipping-picks-yard-for-2700-teu-series/