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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a third session on Friday, rising about 0.8% to 2,031 points. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal, also advanced for a third day, climbing 2% to its highest since ...
https://www.hellenicshippingnews.com/baltic-dry-index-up-for-3rd-day-still-posts-weekly-loss/
https://www.hellenicshippingnews.com/baltic-dry-index-up-for-3rd-day-still-posts-weekly-loss/Chinese intra-Asia container operator SITC International has moved to grow its owned fleet, exercising options for six additional feeder vessels in a deal worth $137m. The Hong Kong-listed carrier said its unit SITC Shipowner will press ahead with the newbuilds under an existing deal with Yangzijiang Shipbuilding Group subsidiaries Jiangsu Yangzi Hongyuan Shipbuilding and Jiangsu …
https://splash247.com/sitc-exercises-options-for-six-boxships-at-yangzijiang/
https://splash247.com/sitc-exercises-options-for-six-boxships-at-yangzijiang/Hong Kong-listed Seacon Shipping has moved to grow and renew its fleet, taking over contracts for four multipurpose newbuildings in a deal worth $44.4m. The Qingdao-based owner said an indirect subsidiary has entered into novation agreements to assume all rights and obligations tied to the vessels, which were originally booked by Singapore’s H&C Marine Engineering …
https://splash247.com/seacon-lifts-four-mpp-newbuilds-in-44m-fleet-play/
https://splash247.com/seacon-lifts-four-mpp-newbuilds-in-44m-fleet-play/A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia…
https://www.marinelink.com/news/cyclone-disrupts-australias-biggest-lng-537407
https://www.marinelink.com/news/cyclone-disrupts-australias-biggest-lng-537407Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three…
https://www.marinelink.com/news/russias-lavrov-says-us-seeking-control-537408
https://www.marinelink.com/news/russias-lavrov-says-us-seeking-control-537408The United Arab Emirates has told the U.S. and other Western allies it would participate in a multinational maritime taskforce to reopen the Strait of Hormuz, the Financial Times reported on Friday, citing people familiar with the matter.The…
https://www.marinelink.com/news/uae-stands-ready-join-force-reopen-strait-537409
https://www.marinelink.com/news/uae-stands-ready-join-force-reopen-strait-537409When if comes to energy transition, few alternative fuels tick as many boxes as propane, as propane offers much lower emissions when compared to diesel; the price of the fuel is more stable, less tied to crude oil volatility; the infrastructure to get started inside ports is simple…
https://www.marinelink.com/news/propane-uptake-ports-takes-off-537422
https://www.marinelink.com/news/propane-uptake-ports-takes-off-537422A little over a day and half since the Soo Locks opened providing access to Lake Superior and critical raw materials like iron ore, and the U.S.-flagged Great Lakes commercial fleet is at a standstill in the St. Marys River and Whitefish Bay…
https://www.marinelink.com/news/us-great-lakes-shipping-stands-due-ice-537428
https://www.marinelink.com/news/us-great-lakes-shipping-stands-due-ice-537428Seaborne steel flows reached 21.1mt in February 2026, up less than 1% from the same period last year. The global flatline came despite a 6% rise in steel flows from China, as this was mitigated by an aggregated fall of 4% elsewhere. The relationship between Chinese steel exports and domestic steel production continued in the ...
https://www.hellenicshippingnews.com/the-war-in-iran-will-have-knock-on-effects-for-the-steel-markets-in-the-upcoming-months/War in the Middle East has resulted in damage and shutdowns affecting LNG trains, refineries, fuel terminals, and critical gas-to-liquids facilities across the region. According to Rystad Energy’s estimates, energy infrastructure repair and restoration costs to date could reach at least $25bn and are expected to rise further. In Qatar’s Ras Laffan Industrial City, the …
https://splash247.com/middle-east-war-damage-to-energy-assets-mounts-to-25bn/
https://splash247.com/middle-east-war-damage-to-energy-assets-mounts-to-25bn/