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A Palau-flagged general cargo vessel has been detained in Israel after "inhumane" crew conditions were discovered during an onboard inspection. The International Transport Workers’ Federation (ITF) said the vessel Serafina is the worst its inspector…
https://www.marinelink.com/news/israel-detains-cargo-vessel-inhumane-515435
https://www.marinelink.com/news/israel-detains-cargo-vessel-inhumane-515435Russia has begun shipping oil and refined products to Bolivia, helping to tackle a fuel shortage in the country, and expanding its presence in Latin America as Western sanctions have forced Moscow to seek new markets, traders and shipping data…
https://www.marinelink.com/news/russia-boosts-fuel-shipments-latin-515436
https://www.marinelink.com/news/russia-boosts-fuel-shipments-latin-515436Classification society ABS on Wednesday announced it has released guidance focused on ammonia bunkering, said to be the first such advisory for the industry.The ABS Ammonia Bunkering: Technical and Operational Advisory considers the aspects of bunkering ammonia as a fuel…
https://www.marinelink.com/news/abs-issues-advisory-ammonia-bunkering-515438
https://www.marinelink.com/news/abs-issues-advisory-ammonia-bunkering-515438Power services firm GE Vernova on Wednesday said a manufacturing flaw led to a turbine blade failure at the Vineyard Wind offshore project off the coast of Massachusetts earlier this month.The turbine blade broke on July 13 and left potentially dangerous debris on beaches on the island of Nantucket.
https://www.marinelink.com/news/ge-vernova-says-faulty-manufacturing-led-515439
https://www.marinelink.com/news/ge-vernova-says-faulty-manufacturing-led-515439The maritime industry is seeing significant fleet growth in the containership sector as the volume of newbuild deliveries eclipses previous highs.“Since the beginning of the year, the capacity of the containership fleet has increased by 1.6 million TEU.
https://www.marinelink.com/news/containership-fleet-growing-fastest-rate-515443
https://www.marinelink.com/news/containership-fleet-growing-fastest-rate-515443Romania-based GLO Marine announced it has appointed John Louring as its new sales director.Louring brings to the position a strong background in the maritime industry and green technologies gained over more than 20 years in sales and business development…
https://www.marinelink.com/news/louring-joins-glo-marine-sales-director-515444
https://www.marinelink.com/news/louring-joins-glo-marine-sales-director-515444Michele Grubbs, vice president at the Pacific Merchant Shipping Association (PMSA), has been elected to the Board of Directors of the Containerization & Intermodal Institute (CII), a not-for-profit organization committed to supporting and promoting…
https://www.marinelink.com/news/pmsas-michele-grubbs-joins-cii-board-515446
https://www.marinelink.com/news/pmsas-michele-grubbs-joins-cii-board-515446Dalian iron ore futures prices fell for the fourth consecutive session on Wednesday, weighed down by a weakening steel market and lingering concerns about demand in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.65% lower at 775.5 yuan ($106.61) a metric ton. The contract ...
https://www.hellenicshippingnews.com/dalian-iron-ore-extends-falls-on-weakening-steel-market-demand-outlook/Global coal demand is set to remain broadly unchanged in both 2024 and 2025 as surging electricity demand in some major economies offsets the impacts of a gradual recovery in hydropower and the rapid expansion of solar and wind, according to the IEA’s latest update on coal market trends worldwide. The world’s use of coal ...
https://www.hellenicshippingnews.com/global-coal-demand-is-set-to-remain-broadly-flat-through-2025/
https://www.hellenicshippingnews.com/global-coal-demand-is-set-to-remain-broadly-flat-through-2025/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was down on Wednesday for the fourth straight session, tracking a fall in rates for the large capesize shipping vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 5 points, or 0.3%, ...
https://www.hellenicshippingnews.com/baltic-index-slips-for-fourth-straight-day-as-capesize-rates-dip/