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China’s first cut to major short- and long-term interest rates in 11 months drew a distinctly ho-hum reaction from the commodities that usually would be expected to be the biggest beneficiaries. The People’s Bank of China said on Monday it would cut the seven-day reverse repo rate to 1.7% from 1.8%, and minutes after that ...
https://www.hellenicshippingnews.com/chinas-rate-cuts-fail-to-revive-iron-ore-and-copper/
https://www.hellenicshippingnews.com/chinas-rate-cuts-fail-to-revive-iron-ore-and-copper/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped to its lowest level in more than a month on Tuesday as rates for the capesize vessel segment fell. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 27 points, or 1.4%, ...
https://www.hellenicshippingnews.com/baltic-index-drops-to-over-one-month-low-on-lower-capesize-rates/India’s Great Eastern Shipping has carried on its product tanker fleet renewal initiative, with the disposal of another vintage MR unit. The Mumbai-listed diversified owner said it had struck a deal with an undisclosed buyer for its 2005-built Jag Pranav. No price tag has been attached to the deal, but the 51,383 dwt ship, VesselsValue …
https://splash247.com/great-eastern-ships-out-another-ageing-mr/
https://splash247.com/great-eastern-ships-out-another-ageing-mr/Singapore-based liner operator SeaLead Shipping has set up a new leadership team following a change in ownership earlier this year. Suleyman Avci has been appointed as global chief executive officer, taking over from SC Chan, who filled the position after Henry Schmidl left as part of the “strategic realignment” under the new ownership. Prior to …
https://splash247.com/new-leadership-unveiled-at-sealead/
https://splash247.com/new-leadership-unveiled-at-sealead/Martin Helweg is stepping down as chief executive of P&O Maritime Logistics, a unit of Dubai-based ports and logistics giant DP World. “After some incredible years as CEO at P&O Maritime Logistics, it is time for me to step aside and move towards new opportunities,” Helweg said in a LinkedIn post on Tuesday. “My time …
https://splash247.com/po-maritime-logistics-ceo-steps-down/
https://splash247.com/po-maritime-logistics-ceo-steps-down/HD Hyundai Heavy Industries has placed on order to French engineering firm GTT for the tank design of two new liquefied natural gas (LNG) carriers, on behalf of a European ship-owner.GTT will design the tanks of these two vessels, which will each offer a capacity of 174…
https://www.marinelink.com/news/hd-hyundai-heavy-hires-gtt-lng-carriers-515385
https://www.marinelink.com/news/hd-hyundai-heavy-hires-gtt-lng-carriers-515385Telemar, the provider of smart maintenance and remote access technologies, has signed an agreement with Genoa-based shipping company Ignazio Messina to provide safety services to seven of its existing vessels.The Marlink Group company will deploy…
https://www.marinelink.com/news/telemar-provide-safety-services-ignazio-515386
https://www.marinelink.com/news/telemar-provide-safety-services-ignazio-515386Turkish shipbuilder Tersan Shipyard has launched a pair of construction service operations vessels (CSOV) for Dutch company Acta Marine.Acta Pegasus and the Acta Hercules are Ulstein SX216 design CSOVs featuring an optimized hull form and capability to burn methanol as main fuel…
https://www.marinelink.com/news/two-csovs-launched-acta-marine-515390
https://www.marinelink.com/news/two-csovs-launched-acta-marine-515390Britain's new Labor government will end the use of the controversial Bibby Stockholm barge to house migrants off the south coast of England as part of its overhaul of the asylum system, it said on Tuesday.Use of the vessel, which can house up to 500 men, began under the Conservative government with
https://www.marinelink.com/news/uk-end-controversial-bibby-stockholm-515392
https://www.marinelink.com/news/uk-end-controversial-bibby-stockholm-515392The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was down on Monday as the rates for capesize and panamax vessels fell. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 6 points, or 0.3%, to 1,896. The capesize index fell 16 ...
https://www.hellenicshippingnews.com/baltic-index-declines-as-rates-of-larger-vessels-dip/
https://www.hellenicshippingnews.com/baltic-index-declines-as-rates-of-larger-vessels-dip/