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HII hosted leaders from HD Hyundai Heavy Industries (HHI) at the company’s Ingalls Shipbuilding division this month for a three-day engagement to advance joint goals of the memorandum of understanding signed by the two companies in April. During the visit…
https://www.marinelink.com/news/hii-hosts-hd-hyundai-heavy-industries-531299
https://www.marinelink.com/news/hii-hosts-hd-hyundai-heavy-industries-531299The backers of a proposed 800-mile (1,287 km) gas pipeline in Alaska championed by U.S. President Donald Trump expect to complete a key engineering and cost study by the end of this year, Interior Secretary Doug Burgum said on Monday.The ambitious…
https://www.marinelink.com/news/alaska-lng-pipeline-study-completed-year-531303
https://www.marinelink.com/news/alaska-lng-pipeline-study-completed-year-531303U.S. President Donald Trump and Australian Prime Minister Anthony Albanese signed a critical minerals agreement aimed at countering China on Monday at a meeting marked by Trump's jab at Australia's envoy to the United States over past criticism.China…
https://www.marinelink.com/news/us-australia-sign-critical-minerals-531304
https://www.marinelink.com/news/us-australia-sign-critical-minerals-531304HD Hyundai’s Executive Vice Chairman Chung Kisun has been promoted to Chairman.Chung holds a bachelor's degree in Economics from Yonsei University and an MBA from Stanford University in the United States. He began his career in 2009 in the Finance…
https://www.marinelink.com/news/chung-kisun-promoted-chairman-hd-hyundai-531305
https://www.marinelink.com/news/chung-kisun-promoted-chairman-hd-hyundai-5313052020 Bulkers (the “Company”) announces that it has signed an agreement to sell the 2020 built Newcastlemax vessel, Bulk Sao Paulo, to an unaffiliated third party for a total consideration of US$72.75 million. The sale is subject to certain closing conditions, in line with industry standards. The Company will retain the vessels’ operating cashflows until ...
https://www.hellenicshippingnews.com/2020-bulkers-ltd-2020-sale-of-bulk-sao-paulo/
https://www.hellenicshippingnews.com/2020-bulkers-ltd-2020-sale-of-bulk-sao-paulo/Iron ore futures prices fell on Monday, as a batch of downbeat data in top consumer China sparked concerns over demand prospects for the key steelmaking ingredient. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.58% lower at 767 yuan ($107.68) a metric ton. It touched the lowest ...
https://www.hellenicshippingnews.com/iron-ore-slides-on-concerns-over-china-demand-prospects/
https://www.hellenicshippingnews.com/iron-ore-slides-on-concerns-over-china-demand-prospects/China has made no forward purchases of US new-crop soybeans as of mid-October, marking a first in two decades, ahead of the peak US export window to China during November-January, according to US Department of Agriculture data and traders at three global agricultural trading firms. The last Chinese purchase of US soybean was in May, ...
https://www.hellenicshippingnews.com/china-seen-using-soybeans-as-leverage-in-trade-rift-with-us/
https://www.hellenicshippingnews.com/china-seen-using-soybeans-as-leverage-in-trade-rift-with-us/China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies. Imports last month from the U.S. fell to zero from ...
https://www.hellenicshippingnews.com/china-imports-no-us-soybeans-in-september-for-first-time-in-seven-years/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, was unchanged on Monday as vessel rates across all segments held steady. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, was flat at 2,069 points. The capesize index rose seven points, or ...
https://www.hellenicshippingnews.com/baltic-index-steady-on-minimal-gain-across-vessel-segments/
https://www.hellenicshippingnews.com/baltic-index-steady-on-minimal-gain-across-vessel-segments/The freight market has adjusted to the estimated impact of the port fees implemented by the US and China. In its latest weekly report, shipbroker Intermodal said that “the latest escalation in U.S.-China trade tensions marks a setback to hopes for a gradual return to a less protectionist trading environment. After a relatively calm summer, ...
https://www.hellenicshippingnews.com/shipping-freight-rates-rose-20-on-trade-war-port-fees/
https://www.hellenicshippingnews.com/shipping-freight-rates-rose-20-on-trade-war-port-fees/