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The Trump administration lifted an official stop-work order that had been in place for an entire month on Empire Wind. The project is a $5 billion offshore wind farm being built off the coast of New York. The decision was made after weeks of…
https://www.marinelink.com/news/b-empire-wind-project-back-trump-525958
https://www.marinelink.com/news/b-empire-wind-project-back-trump-525958Russia has released a Greek-owned oil tanker which was detained in Russian waters on Sunday after leaving an Estonian port, and the vessel has resumed its journey towards the Dutch port of Rotterdam, Estonian public broadcaster ERR reported…
https://www.marinelink.com/news/russia-releases-detained-liberiaflagged-525959
https://www.marinelink.com/news/russia-releases-detained-liberiaflagged-525959Sudan said the United Arab Emirates was responsible for an attack on Port Sudan this month, accusing the Gulf state for the first time of direct military intervention in a war between the Sudanese army and the paramilitary Rapid Support Forces.The…
https://www.marinelink.com/news/uae-blamed-port-sudan-drone-attacks-525960
https://www.marinelink.com/news/uae-blamed-port-sudan-drone-attacks-525960Tariffs and trade agreements are a complex subject and going down the rabbit hole can result in endless and ultimately pointless discussions. Strangely, tariffs and trade agreements are simply a game that ideally is beneficial to all and has no true winners and losers.
https://www.marinelink.com/news/turn-international-trade-a-zero-sum-game-525964
https://www.marinelink.com/news/turn-international-trade-a-zero-sum-game-525964Norwegian shipowners agree: the obsession with new fuels is eliding a valuable discussion of the potential of fuel efficiency. The Aurora-class has enabled Höegh Autoliners to reduce emissions by around 58% per car carried, “before we even use low carbon fuels,” CEO Andreas Enger said.
https://www.marinelink.com/news/save-planet-change-ships-light-bulbs-keep-525965
https://www.marinelink.com/news/save-planet-change-ships-light-bulbs-keep-525965Fortescue’s Green Pioneer, billed as the world’s first ammonia dual-powered vessel, left Singapore in January of this year on voyage past the Cape of Good Hope en route initially to Southampton, both for Port State Control and to demonstrate…
https://www.marinelink.com/news/fortescue-green-pioneer-proving-ground-525966
https://www.marinelink.com/news/fortescue-green-pioneer-proving-ground-525966Iron ore futures prices inched up on Tuesday amid resilient near-term demand for the steelmaking ingredient, though gains were limited by subdued economic data from top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.28% higher at 725 yuan ($100.39) a metric ton. The benchmark ...
https://www.hellenicshippingnews.com/iron-ore-edges-higher-on-resilient-demand-soft-china-data-caps-gains/Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three-month periods ended March 31, 2025. The Board of Directors (“the Board”) of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Management Commentary Dr. Loukas Barmparis, President of the ...
https://www.hellenicshippingnews.com/safe-bulkers-inc-reports-lower-first-quarter-2025-results-as-dry-bulk-market-softened/In a period of especially great uncertainty, it is perhaps not surprising that bulk carrier owners are avoiding some hard decisions. In recent months bulk carrier newbuilding orders disappeared while sales for demolition remained minimal. Despite a rapidly ageing fleet, clear incentives for renewal are often still absent. How is this trend likely to evolve? ...
https://www.hellenicshippingnews.com/bulk-carrier-owners-tackling-hard-decisions/
https://www.hellenicshippingnews.com/bulk-carrier-owners-tackling-hard-decisions/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, inched lower on Tuesday due to weaker demand for capesize vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 7 points, or 0.5%, to 1,340. The capesize index was down 25 ...
https://www.hellenicshippingnews.com/baltic-index-inches-lower-on-weaker-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-inches-lower-on-weaker-capesize-rates/