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Italian energy contractor Saipem, which has traditionally focused on oil and gas contracts, sees business opportunities arising in low-carbon areas including green ammonia and offshore wind, its CEO said on Thursday.Speaking with journalists the day after releasing first-half results…
https://www.marinelink.com/news/saipem-sees-business-opportunities-green-515477
https://www.marinelink.com/news/saipem-sees-business-opportunities-green-515477China National Offshore Oil Company (CNOOC) said on Thursday it signed strategic alliance agreement with Abu Dhabi National Oil Company (ADNOC) to deepen cooperation.Under the agreement, the companies will cooperate in oil, gas exploration and production, oilfield services and the trading of crude o
https://www.marinelink.com/news/cnooc-adnoc-agree-deepen-cooperation-515478
https://www.marinelink.com/news/cnooc-adnoc-agree-deepen-cooperation-515478As part of a settlement with the U.S. Department of Labor, Maersk Line Limited will change its safety reporting policies and compensate a seaman the company terminated after they reported safety concerns to the U.S. Coast Guard without first…
https://www.marinelink.com/news/us-investigation-leads-maersk-change-515479
https://www.marinelink.com/news/us-investigation-leads-maersk-change-515479Despite stating that the transport of unweaned calves from Ireland to France is in breach of EU law, the European Commission has so far failed to take action against it, says Ethical Farming Ireland.In an audit report published in December 2023…
https://www.marinelink.com/news/european-commission-urged-action-calves-515482
https://www.marinelink.com/news/european-commission-urged-action-calves-515482A bulk carrier came within 200 m of grounding in the Great Barrier Reef after a GPS unit onboard the ship began providing false information to the pilot and crew on board, an ATSB final report details.The near grounding occurred early on the morning of May 4…
https://www.marinelink.com/news/pilotage-concerns-raised-near-grounding-515483
https://www.marinelink.com/news/pilotage-concerns-raised-near-grounding-515483Greek tanker owner and operator Top Ships has won long-term charter extensions for two eco MR tankers at a bumper rate. Top Ships said that the 50,000 dwt eco MR tankers Eco Yosemite Park and Eco Joshua Park were awarded seven-year extensions. The company’s subsidiaries own 50% of the vessels while the other 50% is …
https://splash247.com/top-ships-bags-100m-in-charter-extensions-for-mr-tanker-duo/
https://splash247.com/top-ships-bags-100m-in-charter-extensions-for-mr-tanker-duo/Iron ore futures prices lost further ground on Thursday, weighed by strong global supply and top consumer China’s persistently weak steel market, although hints of heavier monetary stimulus helped limit losses. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) fell for a fifth straight session to close daytime trade with a ...
https://www.hellenicshippingnews.com/iron-ore-drops-further-as-strong-supply-china-steel-sell-off-weigh/This week’s chart highlights the notable increase in the monthly volume of Russian grain shipments during the first two quarters of this year. By the end of the second quarter, shipments had risen by 15% compared to the previous quarter. Notably, Egypt emerged as the leading destination for Russian grain, accounting for 20% of the ...
https://www.hellenicshippingnews.com/dry-weekly-market-monitor-russian-grain-shipments-to-top-destinations/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Thursday as rates for the larger capesize vessel segment dropped to a nearly two-month low. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 30 points, or 1.6%, to 1,834, hitting ...
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-rates-decline/
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-rates-decline/Demand for second hand dry bulk carriers remained in high demand during the past week. In its latest weekly report, shipbroker Xclusiv said that “despite the northern hemisphere approaching the “heart” of the summer, dry bulk S&P activity remains robust. Chinese buyers were quite active on the Capesize sector this week. The “Cape Mathilde” – ...
https://www.hellenicshippingnews.com/shipping-dry-bulk-carriers-remain-in-high-demand/
https://www.hellenicshippingnews.com/shipping-dry-bulk-carriers-remain-in-high-demand/