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Conrad Industries has announced today its first quarter 2025 results with a net income of $3.9 million compared to $1.5 million during the first quarter of 2024.During the first three months of 2025, Conrad signed $67.3 million in contracts…
https://www.marinelink.com/news/conrad-industries-first-quarter-income-525807
https://www.marinelink.com/news/conrad-industries-first-quarter-income-525807How does ammonia behave when it leaks in an engine room? How does a cloud of escaped ammonia disperse during bunkering operations? These and many other critical safety questions that must be understood if ammonia is to become widely adopted…
https://www.marinelink.com/news/abs-publishes-safety-insights-ammonia-a-525789
https://www.marinelink.com/news/abs-publishes-safety-insights-ammonia-a-525789In today’s shipping industry, we’re seeing multiple factors which are impacting smaller shipping companies making it challenging to remain independent, however smaller operators bring unique values to the industry and we must encourage their…
https://www.marinelink.com/news/shipnet-challenges-surviving-a-small-525790
https://www.marinelink.com/news/shipnet-challenges-surviving-a-small-525790Thruster propulsion specialist Steerprop has appointed Juhani Hupli as its new Director of Service. Hupli, who joined Steerprop in February, will lead the development and delivery of the company’s lifecycle solutions for its thrusters, which…
https://www.marinelink.com/news/steerprop-appoints-new-director-service-525791
https://www.marinelink.com/news/steerprop-appoints-new-director-service-525791Western sanctions imposed on Russia for invading Ukraine and aimed at cutting its oil revenues have led to the rise of a vast "shadow fleet" of tankers helping Moscow keep its crude exports flowing.Here are some key points about these unregulated…
https://www.marinelink.com/news/debriefing-russias-shadow-fleet-oil-525795
https://www.marinelink.com/news/debriefing-russias-shadow-fleet-oil-525795As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around USD$279 million (€250 million)…
https://www.marinelink.com/news/fueleu-maritime-smarter-compliance-unlock-525800
https://www.marinelink.com/news/fueleu-maritime-smarter-compliance-unlock-525800Iron ore futures held near a five-week high on Thursday, boosted by improved demand outlook from the Sino-U.S. trade truce, although weaker credit data from China limited gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 1.17% higher at 736.5 yuan ($102.13) a metric ton. Earlier in the ...
https://www.hellenicshippingnews.com/iron-ore-futures-hover-near-5-week-high-china-credit-data-caps-gains/“Between January and April 2025, dry bulk ship recycling has fallen 24% y/y, reaching a 17-year low despite a 35% y/y drop in the Baltic Dry Index (BDI). While weaker freight rates typically encourage the recycling of older and less profitable ships, high uncertainty over the demand outlook could be delaying recycling decisions,” says Filipe ...
https://www.hellenicshippingnews.com/dry-bulk-ship-recycling-falls-24-to-17-year-low/
https://www.hellenicshippingnews.com/dry-bulk-ship-recycling-falls-24-to-17-year-low/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose to a more than one-week peak on Thursday on higher rates for capesize vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 38 points, or 3%, to 1,305, its ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-one-week-peak-on-higher-capesize-vessel-rates/Liner executives are reporting a dramatic pick-up in box bookings between China and the US this week as a 90-day mini-reprieve in the tariff war between the world’s two largest economies gets underway. The busier liner bookings have yet to translate into an immediate rate surge, but analysts are confident carriers will make strong profits …