ShipOracle News
Maritime technology companies Helm Operations and Spinergie announced they are teaming up to create a fully integrated fleet optimization platform and centralized source of record keeping.The partnership will integrate vessel management system…
https://www.marinelink.com/news/helm-operations-spinergie-partner-fleet-513080
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The leader of Yemen's Iran-aligned Houthis, who have been attacking shipping in the Red Sea, said on Thursday the group had carried out "operations" in the Indian Ocean and towards southern Israel.Abdul Malik al-Houthi's comments made clear…
https://www.marinelink.com/news/houthis-conduct-operations-indian-ocean-513081
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ShipOracle News
The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai…
https://www.marinelink.com/news/us-riles-china-shipbuilding-probe-513082
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Cavotec announced it has signed an order for shore power with a global shipping company, valued at about $5 million.The order from an undisclosed global shipping company includes a substantial number of PowerFit shore power units, enabling vessels to connect to shore power with ease while docked.
https://www.marinelink.com/news/cavotec-bags-million-shore-power-order-513083
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ShipOracle News
Uzmar Shipyard in Istanbul, Turkey has launched a first-of-its-kind tractor tug for Turkish operator BOTAS.The vessel, named the Sultanhani, was launched on February 27 as the world’s first Voith propelled tractor tug with liquefied natural gas (LNG) dual fuel propulsion.
https://www.marinelink.com/news/uzmar-launches-firstofitskind-tractor-tug-513084
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Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S.
https://www.marinelink.com/news/venezuela-oil-sector-hit-loss-widest-us-513085
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ShipOracle News
Iron ore futures rose for a second straight session on Thursday, underpinned by heightened expectations of growing demand in top consumer China on the back of improved downstream demand and steel margins. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 3.07% higher at 874 yuan ($120.75) a ...
https://www.hellenicshippingnews.com/iron-ore-extends-gains-on-expectations-of-growing-china-demand/
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After a trading lull during the Lunar New Year in early February, US-Brazil met coal freight has dipped further, as time-charter rates dropped to mid-$13,000s/d on April 16, from the high $16,000s at the beginning of March. This fall was fueled by heightened by more-profitable grain-loading activity in East Coast South America, according to market ...
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ShipOracle News
The Baltic Exchange’s dry bulk sea freight hit a more than three-week high on Thursday, driven by robust demand across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 57 points, or 3.1%, to 1,901 points, its highest level since March 26. The capesize index ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-3-week-high-as-vessel-rates-climb/
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ShipOracle News
Littoral states around the Baltic are waging a diplomatic campaign to get other countries to back a greater crackdown on Russia’s shadow fleet passing through the region, concerned about the potential for environmental catastrophe with a number of near disasters reported among the ageing fleet of tankers over the past year. Foreign ministers from the …
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