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Congestion at Australia’s key coal ports has opened the door for rival suppliers, with Russia and Indonesia stepping in to capture a greater share of South Korea’s thermal coal market, a trend that is likely to continue given their price advantage and premium quality. Korean utilities, facing steady summer demand and seeking timely deliveries since ...
https://www.hellenicshippingnews.com/australian-port-bottlenecks-boost-russian-indonesian-coal-flows-to-south-korea/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a near-two-month high on Thursday, supported by higher capesize rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 25 points, or 1.2%, to 2,205 points, its highest level since ...
https://www.hellenicshippingnews.com/baltic-index-rises-to-near-two-month-high-on-strong-capesize-rates/Denmark-based offshore wind vessel player Cadeler has signed a firm contract with Ocean Winds for the transportation and installation of 26 Siemens Gamesa 14MW offshore wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The value of the contract to Cadeler is expected to be between €49m and €58m ($57.8m and …
https://splash247.com/cadeler-to-install-turbines-at-polands-390mw-offshore-wind-project/
https://splash247.com/cadeler-to-install-turbines-at-polands-390mw-offshore-wind-project/The Global Centre for Maritime Decarbonisation (GCMD) has published results from its six-month Project LOTUS trial, showing that long-term use of biofuels on oceangoing ships can be done safely without hitting performance or costs. Launched with Japan’s Nippon Yusen Kaisha in May 2024, the project put a B24 blend – 24% fatty acid methyl ester …
https://splash247.com/new-data-clears-biofuels-for-extended-deployment/
https://splash247.com/new-data-clears-biofuels-for-extended-deployment/Maritime scale-ups developing low-carbon technologies say they are being stalled by the very corporates that claim to need them, a new survey revealed. A survey of 30 founders revealed that no company scored above 6.5 out of 10 for collaboration, pointing to slow decisions, scarce funding, and few clear routes in. The findings were published …
https://splash247.com/survey-highlights-barriers-to-scaling-low-carbon-tech-in-shipping/
https://splash247.com/survey-highlights-barriers-to-scaling-low-carbon-tech-in-shipping/Bernhard Schulte Shipmanagement (BSM) has expanded its portfolio with the technical management of a Floating Storage and Regasification Unit (FSRU) for the first time, through its Hamburg-based LNG specialist Pronav.The vessel, Turquoise P, was built in 2019 and is owned by Pardus Energy.
https://www.marinelink.com/news/bsms-pronav-adds-first-fsru-lng-portfolio-530155
https://www.marinelink.com/news/bsms-pronav-adds-first-fsru-lng-portfolio-530155Yinson Production has received Main Scantling Approval (MSA) from classification society DNV for its Meridian purpose-built floating production, storage and offloading (FPSO) hull design.The newly approved Meridian FPSO hull is designed to perform…
https://www.marinelink.com/news/yinson-production-nets-dnv-approval-new-530156
https://www.marinelink.com/news/yinson-production-nets-dnv-approval-new-530156Technology group Wärtsilä has signed a 15-year Lifecycle Agreement covering three LNG carriers for China LNG Shipping (International) (CLSICO).The agreement is designed to ensure operational reliability, enable flexibility in maintenance scheduling…
https://www.marinelink.com/news/wrtsil-ensure-smooth-sailing-clsicos-lng-530158
https://www.marinelink.com/news/wrtsil-ensure-smooth-sailing-clsicos-lng-530158South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The…
https://www.marinelink.com/news/south-koreas-hd-hyundai-heavy-eyes-530160
https://www.marinelink.com/news/south-koreas-hd-hyundai-heavy-eyes-530160Pulsar International and Inmarsat Maritime, a Viasat company, announced a milestone in their long-standing collaboration, with Pulsar committing to rollout NexusWave across more than 300 vessels operated by its customer base over the next 12…
https://www.marinelink.com/news/pulsar-international-expands-inmarsat-530169
https://www.marinelink.com/news/pulsar-international-expands-inmarsat-530169