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Iron ore futures edged lower on Wednesday, posting a third straight monthly decline amid the possibility of steel output cuts in top consumer China, while demand slowed ahead of the Labour Day holiday. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.78% lower at 703.5 yuan ($96.81) ...
https://www.hellenicshippingnews.com/iron-ore-logs-third-monthly-decline-on-potential-steel-output-cuts-in-china/China wants to reduce reliance on foreign soybeans, but importers apparently didn’t get the memo. To curb imports and increase national food security, the world’s top soybean buyer in recent years says it has made sizable cuts to soybean meal’s use in livestock feed. However, China’s soybean imports were at a record high last year, ...
https://www.hellenicshippingnews.com/chinas-reliance-on-soybean-imports-continues-despite-cutback-plans/“We expect that the dry bulk market’s supply/demand balance will weaken in both 2025 and 2026. Since our last update, a change in US trade policy has led to a deterioration in the economic outlook and an increase in uncertainty. Consequently, we have cut cargo demand growth by 0.5 percentage points in 2025 and 2026,” ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-us-tariff-increases-drive-weaker-demand-outlook/The Baltic Exchange’s dry bulk sea freight index fell on Wednesday as all vessel segments recorded losses. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 12 points to 1,386. The capesize index dropped 17 points to 1,961. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes ...
https://www.hellenicshippingnews.com/baltic-index-falls-on-lower-demand-across-vessel-segments/
https://www.hellenicshippingnews.com/baltic-index-falls-on-lower-demand-across-vessel-segments/Danish shipping giant Norden has bagged another bulker sale after taking a purchase option on chartered-in tonnage. The Jan Rindbo-led owner and operator said it had offloaded an unnamed, previously leased handysize for an undisclosed sum in a deal that follows two similar, recently carried out asset plays. Earlier this month, the Hellerup-based company revealed …
https://splash247.com/norden-presses-on-with-bulker-flipping/
https://splash247.com/norden-presses-on-with-bulker-flipping/PD Ports has revealed plans to build one of the UK’s largest offshore wind manufacturing and installation hubs – the Teesport Offshore Gateway – an investment worth around £200m ($267m). The project will unlock just shy of 730,000 sq m of development potential for a range of offshore manufacturers, assembly, marshalling, and supply chain support …
https://splash247.com/pd-ports-planning-development-of-260m-uk-offshore-wind-hub/
https://splash247.com/pd-ports-planning-development-of-260m-uk-offshore-wind-hub/Norwegian offshore vessel operator Solstad Offshore has secured multiple contract awards with Petrobras, subject to board approval, for two large Anchor Handling Tug Supply (AHTS) vessels and one Construction Support Vessel (CSV).The AHTS vessels…
https://www.marinelink.com/news/solstad-offshore-secures-petrobras-525194
https://www.marinelink.com/news/solstad-offshore-secures-petrobras-525194Carbon Ridge received Design Basis Approval (DBA) from DNV for its Onboard Carbon Capture System (OCCS).This milestone confirms that the foundational design and technical assumptions behind Carbon Ridge’s OCCS meet DNV’s safety and regulatory standards, clearing the path for future type approval.
https://www.marinelink.com/news/lone-ranger-onboard-carbon-capture-525198
https://www.marinelink.com/news/lone-ranger-onboard-carbon-capture-525198TMC Compressors (TMC) has secured orders for complete marine compressed air systems for 12 liquefied natural gas (LNG) vessel newbuilds and one floating production storage and offloading (FPSO) unit.As part of the first order, Hanwha Ocean picked…
https://www.marinelink.com/news/tmc-books-compressors-orders-fpso-lng-525203
https://www.marinelink.com/news/tmc-books-compressors-orders-fpso-lng-525203INEOS and Covestro have signed a long-term agreement for the supply of natural gas for up to eight years, starting 2027.The agreement builds on INEOS' newly established LNG supply chain, and both companies' commitment to support European industrial…
https://www.marinelink.com/news/ineos-covestro-agree-eightyear-lng-gas-525204
https://www.marinelink.com/news/ineos-covestro-agree-eightyear-lng-gas-525204