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Capesize transactions are ticking in at a steady pace, and Chinese-built bulkers are again selling at a rapid rate. VesselsValue lists the last six cape transactions, all of which are China-built. The latest China-built vessel reported sold is a 16-year-old, Shanghai Waigaoqiao Shipbuilding-built Cape Aqua, formerly Aquaproud, sold by Primebulk of Greece for a very …
https://splash247.com/chinese-built-capes-in-demand/
https://splash247.com/chinese-built-capes-in-demand/The US tariffs on China have been postponed another 90 days until November 10. The US will keep its tariffs at 30%, and China will maintain its levies at 10% through to the autumn as negotiations between the world’s two biggest economies continue. Commenting on the news via LinkedIn, Lars Jensen, who runs container shipping …
https://splash247.com/transpacific-bump-in-rates-tipped-as-trump-delays-china-tariffs-again/
https://splash247.com/transpacific-bump-in-rates-tipped-as-trump-delays-china-tariffs-again/Shipping Corporation of India (SCI) is reportedly gearing up for a major newbuilding campaign, with plans to acquire 26 domestically built ships in a move tied to India’s broader push to scale up its national fleet and shipbuilding capacity. According to sources familiar with the scheme, the project is valued at about $2.3bn and would …
https://splash247.com/shipping-corp-of-india-eyes-2-3bn-newbuild-move-at-domestic-yards/
https://splash247.com/shipping-corp-of-india-eyes-2-3bn-newbuild-move-at-domestic-yards/The fragile state of China’s real estate sector continues to weigh heavily on dry bulk fortunes. State-run developer China South City Holdings was ordered to liquidate by Hong Kong’s High Court yesterday, with debts nearing $8bn, making it the biggest Chinese builder by assets to be wound up since China Evergrande Group. Data for July …
https://splash247.com/property-woes-cast-long-shadow-over-chinas-steel-and-iron-ore-demand/
https://splash247.com/property-woes-cast-long-shadow-over-chinas-steel-and-iron-ore-demand/The U.S. Coast Guard has officially commissioned the USCGC Storis (WAGB 21) in Juneau, Alaska.The vessel is the Coast Guard’s first polar icebreaker acquired in over 25 years. The Storis, formerly the motor vessel Aiviq, was acquired on December 20…
https://www.marinelink.com/news/us-coast-guard-commissions-uscgc-storis-528859
https://www.marinelink.com/news/us-coast-guard-commissions-uscgc-storis-528859A new technique developed by Australian researchers could stop unauthorised artificial intelligence (AI) systems learning from photos, artwork and other image-based content.Developed by CSIRO, Australia’s national science agency, in partnership…
https://www.marinelink.com/news/new-technique-protect-images-ai-528860
https://www.marinelink.com/news/new-technique-protect-images-ai-528860The Panama Canal has incorporated two new 27-meter tugboats into its fleet.The vessels will assist ships during lock entry and exit maneuvers, as well as during their passage through the Culebra Cut, one of the most demanding sections of the waterway.
https://www.marinelink.com/news/two-new-tugs-enter-service-panama-canal-528862
https://www.marinelink.com/news/two-new-tugs-enter-service-panama-canal-528862The Trustees of the Robert Allan Memorial Scholarship Trust and Robert Allan Ltd. have awarded five scholarships for the 2025/2026 academic year chosen from a highly competitive pool of well-qualified candidates:Alex Badzio-GeorgeCurrently in…
https://www.marinelink.com/news/robert-allan-scholarships-awarded-528863
https://www.marinelink.com/news/robert-allan-scholarships-awarded-528863Robert Allan Ltd. has been awarded a contract to design an AmpRA 3600 tug for Tianjin Port in Northern China.The AmpRA 3600 series tug will be constructed at Jiangsu Zhenjiang Shipyard (Group) Co. Ltd.The order builds on a successful conventional propulsion design for the same owner and shipyard…
https://www.marinelink.com/news/robert-allan-design-electric-tug-tianjin-528864
https://www.marinelink.com/news/robert-allan-design-electric-tug-tianjin-528864The German government has adopted a new bill amending its Carbon Dioxide Storage Act to lay the legal groundwork for the use of carbon capture and storage (CCS), carbon capture and utilization (CCU) and cross-border transport of CO2.The draft law enables the transport, storage and use of CO2.
https://www.marinelink.com/news/german-ccs-bill-positive-news-norway-528865
https://www.marinelink.com/news/german-ccs-bill-positive-news-norway-528865