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China has yet to secure much of its soybean supply for December and January as high premiums for Brazilian cargoes discourage buyers, a development that could prompt Beijing to tap state reserves to meet near-term needs, three trade sources said. China still needs to purchase about 8–9 million metric tons of soybeans for December-January shipment ...
https://www.hellenicshippingnews.com/china-holds-off-on-soybean-purchases-due-to-high-brazil-premiums-traders-say/Capesize The Capesize market experienced a volatile week marked by sharp swings in sentiment and rates following China’s announcement of new port fees on U.S. linked vessels. Early gains, driven by speculation over potential inefficiencies, quickly reversed as clarity emerged that Chinese-built tonnage would be exempt, triggering a sharp midweek correction. The Pacific market saw ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-had-a-volatile-week/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-had-a-volatile-week/Greece’s Navios Maritime Partners has sold three older vessels — including one of its oldest VLCCs — as part of its fleet renewal programme, while adding a newly built product tanker and fixing several ships on new charters. The Angeliki Frangou-led, New York-listed owner confirmed the sale and delivery of two 2005-built panamax bulkers of …
https://splash247.com/navios-partners-nets-69m-from-vessel-sales-as-it-boosts-charter-cover/
https://splash247.com/navios-partners-nets-69m-from-vessel-sales-as-it-boosts-charter-cover/US classification society ABS has agreed to acquire the MetaSHIP training and simulation platform from Orka Informatics, following in the footsteps of its UK peer Lloyd’s Register, which bought Ocean Technologies Group (OTG) in late 2024. The move marks another major step by a leading class society into immersive digital learning as the industry looks …
https://splash247.com/abs-buys-metaship-in-digital-training-push/
https://splash247.com/abs-buys-metaship-in-digital-training-push/Negotiations at the International Maritime Organization (IMO) have broken down without agreement on the Net-Zero Framework, leaving the shipping industry facing another year of uncertainty over how its decarbonisation will be regulated. Delegates at the Marine Environment Protection Committee’s extraordinary session in London voted to adjourn discussions for 12 months after failing to reach consensus …
https://splash247.com/imo-fails-to-agree-net-zero-framework-pushes-talks-to-2026/
https://splash247.com/imo-fails-to-agree-net-zero-framework-pushes-talks-to-2026/China's sanctions on U.S.-linked units of shipbuilder Hanwha Ocean threaten to impact ambitious plans for shipbuilding cooperation between Seoul and Washington by disrupting supplies of Chinese equipment and materials, officials in Seoul said…
https://www.marinelink.com/news/chinese-sanctions-hanwha-put-b-south-531225
https://www.marinelink.com/news/chinese-sanctions-hanwha-put-b-south-531225ST Engineering’s Marine business and Siemens Energy have been awarded a second contract by Transcontinental Capital Corporation (Bermuda), a subsidiary of Seaboard Corporation, to deliver Estrella del Mar IV, a barge-mounted power plant to Santo…
https://www.marinelink.com/news/floating-power-st-engineering-siemens-531228
https://www.marinelink.com/news/floating-power-st-engineering-siemens-531228Lloyd’s Register (LR) has published a new guidance document, providing the first roadmap for the safe and responsible use of nuclear technology in commercial shipping and offshore industries.As the maritime sector accelerates its transition towards sustainable energy solutions…
https://www.marinelink.com/news/navigating-nuclear-energy-maritime-lloyds-531229
https://www.marinelink.com/news/navigating-nuclear-energy-maritime-lloyds-531229ClassNK has added Japan's first hydrogen-fueled tugboat TEN-OH to its register, which is built by TSUNEISHI SHIPBUILDING Co., Ltd.This vessel was developed and build under the 'Nippon Foundation Zero Emission Ships Project', a grant program…
https://www.marinelink.com/news/classnk-adds-japans-first-hydrogen-fueled-531236
https://www.marinelink.com/news/classnk-adds-japans-first-hydrogen-fueled-531236Sanmar has delivered two new azimuth tractor tugs to global operator Svitzer. Both will operate in Bahrain.Known as DELIÇAY XVI and DELIÇAY XVII while under construction in Türkiye, the tugs have been renamed SVITZER MANAMA and SVITZER AWAL…
https://www.marinelink.com/news/sanmar-delivers-two-tractor-tugs-svitzer-531238
https://www.marinelink.com/news/sanmar-delivers-two-tractor-tugs-svitzer-531238