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The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, extended losses and fell to a one-week low on Wednesday, pressured by weak capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 42 points, or 2%, to 2,030 points, ...
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-low-as-capesize-rates-weaken/
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-low-as-capesize-rates-weaken/Bulgarian shipowner Navibulgar has returned to Yangzijiang Shipbuilding for another round of bulk carrier newbuildings, contracting four geared vessels for delivery between 2028 and 2029. Shipbuilding sources place the 71,000 dwt units at around $33.3m each, marking the company’s largest newbuilding commitment to date. The first three ships are expected to be delivered in 2028, …
https://splash247.com/navibulgar-steps-up-with-new-bulker-order-at-yangzijiang/
https://splash247.com/navibulgar-steps-up-with-new-bulker-order-at-yangzijiang/Asiatic Lloyd has returned to its favoured Chinese shipyard for a pair of conventionally fuelled boxship newbuilds. Brokers are reporting the privately held German shipping line has ordered two more 7,100 teu vessels at Dalian Shipbuilding to go alongside another similar pair it ordered there six weeks ago. Alphaliner is reporting the latest ordered ships …
https://splash247.com/asiatic-lloyd-back-at-dalian-shipbuilding-for-boxship-pair/
https://splash247.com/asiatic-lloyd-back-at-dalian-shipbuilding-for-boxship-pair/Glander International Bunkering’s CEO, Carsten Ladekjær, believes that AI-driven innovation will be the primary transformative force in the maritime industry over the coming year. “We anticipate sustained progress in AI-driven optimisation and digitalisation,” he states in this week’s big Maritime CEO interview, highlighting a collaborative project that employs an AI-powered propulsion control system as a …
https://splash247.com/glander-ai-and-bunkering/
https://splash247.com/glander-ai-and-bunkering/Greek owner JME Navigation has returned to China’s New Dayang Shipbuilding for another ultramax bulker, continuing a fleet expansion drive that has gathered pace over the past two years. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been contracted to build one Crown 63 bulk carrier. Delivery details and price have not been …
https://splash247.com/jme-returns-to-new-dayang-for-another-bulker-newbuild/
https://splash247.com/jme-returns-to-new-dayang-for-another-bulker-newbuild/United Maritime has lined up new employment for its bulk carriers as it positions for a stronger fourth quarter and a firmer outlook for panamax and kamsarmax earnings. The Nasdaq-listed Greek owner, led by Stamatis Tsantanis (pictured), said it has secured new charter deals and extensions for its mid-sized dry bulk fleet, all linked to …
https://splash247.com/united-maritime-locks-in-fresh-fixtures-amid-firming-dry-bulk-market/
https://splash247.com/united-maritime-locks-in-fresh-fixtures-amid-firming-dry-bulk-market/US ammonia power specialist Amogy has teamed up with Samsung Heavy Industries (SHI) in a multi-year strategic partnership to manufacture its ammonia-to-power systems in South Korea. Under the agreement, SHI will set up a dedicated facility to produce and test Amogy’s systems for both maritime and land-based power generation. The partnership will kick off with …
https://splash247.com/samsung-heavy-to-build-amogy-ammonia-power-systems/
https://splash247.com/samsung-heavy-to-build-amogy-ammonia-power-systems/A Singapore-registered passenger ferry and a Marshall Islands-registered tanker collided off Singapore’s Southern Islands, the Maritime and Port Authority of Singapore (MPA) said, adding that all passengers and crew were safe.The ferry, Horizon 9…
https://www.marinelink.com/news/injuries-reported-ferry-tanker-collide-532327
https://www.marinelink.com/news/injuries-reported-ferry-tanker-collide-532327Newbuilds expand AET’s dual-fuel fleet to all of its sectors: Aframaxes, Shuttle Tankers, Suezmaxes and Very Large Crude Carriers (VLCCs)AET signed shipbuilding agreements with Samsung Heavy Industries (SHI) for the construction of two LNG dual…
https://www.marinelink.com/news/aet-orders-pair-lng-dualfuel-vessels-shi-532329
https://www.marinelink.com/news/aet-orders-pair-lng-dualfuel-vessels-shi-532329Fuel-agnostic and suitable for newbuilds and retrofit, Organic Rankine Cycle waste heat recovery systems are making headway as an energy-efficiency measure.Market prospects are looking so good for waste heat recovery systems that Orcan Energy…
https://www.marinelink.com/news/search-ship-energy-efficiency-dont-forget-532331
https://www.marinelink.com/news/search-ship-energy-efficiency-dont-forget-532331