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India’s gas-fired power plants are unlikely to provide meaningful support during the summer peak demand season as supply disruptions linked to conflicts in the Middle East have sharply curtailed LNG availability, forcing the country to rely more heavily on coal-based generation to meet electricity needs, market participants said. Gas-based generation fell to about 1.033 TWh ...
https://www.hellenicshippingnews.com/india-to-rely-more-on-coal-as-lng-disruptions-limit-gas-fired-support/The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, declined for a fourth session on Tuesday, dropping about 2.4% to its lowest since March 12 at 1,989 points. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal, was down for a second day, slumping 3.2% to ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-further-to-near-2-week-low/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-further-to-near-2-week-low/“Global iron ore shipments have risen 5% y/y during the first 12 weeks of 2026, supported by stronger Chinese import demand. However, this increase has not been matched by Chinese steel production which fell 4% y/y during the first two months of the year. As a result, the additional supply has boosted portside inventories, which ...
https://www.hellenicshippingnews.com/china-drives-5-increase-in-iron-ore-shipments-despite-weak-demand/The main focus of owners active in the S&P market over the past week have been bulkers and suezmaxes. In its latest weekly report, shipbroker Xclusiv said that in the dry bulk market, “activity this week was spread across the Kamsarmax down to Handysize segments, with a notable presence of modern and resale candidates. On ...
https://www.hellenicshippingnews.com/ship-owners-focusing-on-bulkers-and-suezmaxes/
https://www.hellenicshippingnews.com/ship-owners-focusing-on-bulkers-and-suezmaxes/Shipping companies risk falling behind on decarbonisation if they scale back efforts amid regulatory uncertainty, according to the leaders of the Sea Cargo Charter. In a joint statement, Engebret Dahm, chair of the Sea Cargo Charter and CEO of Klaveness Combination Carriers, and Christian Bonfils, vice chair and CEO and founder of Copenhagen Commercial Platform, …
https://splash247.com/sea-cargo-charter-leaders-warn-against-decarbonisation-slowdown/
https://splash247.com/sea-cargo-charter-leaders-warn-against-decarbonisation-slowdown/Zhejiang Shipping Group is pushing further into the capesize segment, with broker sources telling Splash that the Chinese owner has acquired a second large bulker under Zhejiang Shipping Singapore, its wholly owned subsidiary. Earlier this year, the company made headlines with its first newcastlemax bulk carrier, the 2019-built, 210,000 dwt ZH Dampier. Now, broker sources …
https://splash247.com/zhejiang-shipping-group-expands-capesize-fleet-with-second-acquisition/
https://splash247.com/zhejiang-shipping-group-expands-capesize-fleet-with-second-acquisition/Etermar Energia has started construction on the first small-scale BayFloat prototype, BayWa r.e.’s reinforced concrete semi-submersible floating offshore wind platform, under Portugal’s Recovery and Resilience Program. Work launched early March at Etermar’s Port of Setubal facilities, with completion targeted for July 2026. BayWa r.e. has already supplied a reduced-scale design of its 22MW BayFloat substructure …
https://splash247.com/etermar-energia-begins-work-on-concrete-floating-wind-platform/
https://splash247.com/etermar-energia-begins-work-on-concrete-floating-wind-platform/Celsius Tankers, part of Denmark’s Celsius Shipping, has been linked to a fresh LNG carrier order at Samsung Heavy Industries, as the owner continues to build out its gas shipping business. The South Korean yard confirmed the contract in a regulatory filing earlier, noting the value at around KRW 770bn ($514m) and identifying the counterparty …
https://splash247.com/celsius-linked-to-fresh-lng-carrier-order-at-samsung-heavy/
https://splash247.com/celsius-linked-to-fresh-lng-carrier-order-at-samsung-heavy/Oil prices rose on Tuesday on supply fear, as Iran denied it had talks with the United States to end the war in the Gulf, contradicting U.S. President Donald Trump who said a deal could be reached soon.Brent futures LCOc1 rose $2.89, or 2.9%, to $102.83 a barrel at 0710 GMT, while U.S.
https://www.marinelink.com/news/oil-rises-iran-denies-us-talks-supply-537207
https://www.marinelink.com/news/oil-rises-iran-denies-us-talks-supply-537207Valero Energy Corp has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion and fire at a diesel hydrotreater unit, people familiar with the plant operations said on Monday.The cause of the explosion at the 47…
https://www.marinelink.com/news/explosion-forces-shutdown-valeros-port-537213
https://www.marinelink.com/news/explosion-forces-shutdown-valeros-port-537213