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Dutch and German oil refineries have snapped up all four cargoes of Chadian Doba crude in April to profit from soaring demand for cleaner marine fuel in Europe from shipping companies including Maersk, according to shipping data and trade sources.Asia…
https://www.marinelink.com/news/new-imo-designation-mediterranean-sea-525523
https://www.marinelink.com/news/new-imo-designation-mediterranean-sea-525523Some 200 seafarers aboard more than 15 ships stuck for weeks off Yemen's port of Ras Isa are preparing to offload cargoes and leave thanks to a ceasefire deal between Houthi militia and the U.S., maritime and labour union sources said on Thursday.Still…
https://www.marinelink.com/news/seafarers-stranded-off-yemen-ushouthi-525528
https://www.marinelink.com/news/seafarers-stranded-off-yemen-ushouthi-525528Aqua superPower unveiled its bidirectional charging technology at the University of Plymouth, marking their demonstration debut of Virtual Bunkering for Electric Vessels (VBEV). This pioneering showcase represented an important step towards the wide scale adoption of electric boats…
https://www.marinelink.com/news/uk-companies-achieve-bidirectional-525533
https://www.marinelink.com/news/uk-companies-achieve-bidirectional-525533Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and handling systems, is honored to welcome George Wilcox as the company’s first-ever Channel Sales Manager.In this new role, Wilcox will work…
https://www.marinelink.com/news/superior-industries-welcomes-first-ever-525534
https://www.marinelink.com/news/superior-industries-welcomes-first-ever-525534President Donald Trump's administration is considering a proposal to create an international shipping registry in the U.S. Virgin Islands as part of efforts to enlarge the tiny commercial shipping fleet flying the American flag, according to…
https://www.marinelink.com/news/us-considering-new-ship-registry-us-525536
https://www.marinelink.com/news/us-considering-new-ship-registry-us-525536Iron ore prices dropped on Thursday, as traders weighed prospects of weakening demand amid fresh expectations of crude steel output cuts in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade down 2.73% at 693.5 yuan ($95.82) a metric ton, its lowest since April 11. The ...
https://www.hellenicshippingnews.com/iron-ore-slides-on-expectations-of-steel-output-cut-in-china/
https://www.hellenicshippingnews.com/iron-ore-slides-on-expectations-of-steel-output-cut-in-china/China’s steel exports are set to slump in the second quarter, threatening to exacerbate a supply glut at home, analysts and traders said, as the trade war and a wave of protectionism moving in its wake crimps export markets. Second-quarter shipments from the world’s largest steel producer and exporter are forecast to fall by up ...
https://www.hellenicshippingnews.com/trade-war-set-to-slash-chinas-steel-exports-aggravating-oversupply-at-home/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell to a more than two-week low on Thursday, as weak rates in the capesize segment weighed. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 58 points, or 4.2%, to 1,316, ...
https://www.hellenicshippingnews.com/baltic-index-falls-to-two-week-low-as-capesize-segment-declines/How brokers will evolve, and what owners and charterers will seek out of their broking houses in the years ahead formed much of the debate in the Chartering Spotlight panel at last week’s Geneva Dry summit. Torbjørn Gjervik, CEO of Norway’s Western Bulk, told delegates he felt the future of chartering would involve people who …
https://splash247.com/how-the-business-of-chartering-is-evolving/
https://splash247.com/how-the-business-of-chartering-is-evolving/Danish liner giant Maersk has lowered its global container market forecast for this year due to increased macroeconomic and geopolitical uncertainty. Maersk has issued a fresh prognosis for market development in 2025, ranging from a 1% dip to a 4% increase, compared to the 4% rise projected earlier this year. The Vincent Clerc-led company said …
https://splash247.com/maersk-slashes-2025-global-container-projections/
https://splash247.com/maersk-slashes-2025-global-container-projections/