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Iron ore futures prices dipped for a fourth consecutive session on Wednesday while rebar prices slipped to their lowest since 2020, pressured by slowing steel production in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.14% lower at 698.5 yuan ($97.14) a metric ton. The ...
https://www.hellenicshippingnews.com/dalian-iron-ore-dips-rebar-slumps-to-five-year-low-on-tepid-china-steel-production/With growing industry attention focused on the latest USTR port fees, we take a closer look at the evolution of the dry bulk fleet, particularly in light of a noticeable slowdown in new contracting activity. According to Signal Ocean Orderbook Data Analytics – Dry Bulk Fleet Projection Analysis, between 2020 In 2024, the global dry ...
https://www.hellenicshippingnews.com/dry-weekly-market-monitor-dry-bulk-fleet-growth-2025-2026/
https://www.hellenicshippingnews.com/dry-weekly-market-monitor-dry-bulk-fleet-growth-2025-2026/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday on higher rates for the capesize vessel segment. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 7 points, or 0.5%, to 1,303. The capesize index was up 65 points, ...
https://www.hellenicshippingnews.com/baltic-index-rises-on-higher-capesize-vessel-rates/
https://www.hellenicshippingnews.com/baltic-index-rises-on-higher-capesize-vessel-rates/Greek bulker owner Diana Shipping has secured employment for two of its vessels expected for redelivery this month. The New York-listed company has fixed the 2012-built newcastlemax Philadelphia to Cosco-controlled Refined Success until June 2026 at $21,500 per day, with options through to August 8 of the same year. The 206,040 dwt vessel should start …
https://splash247.com/diana-shipping-agrees-double-bulker-fixture/
https://splash247.com/diana-shipping-agrees-double-bulker-fixture/Floater specialist BW Offshore has sealed a deal to buy an idle FPSO, calling the acquisition a strategic move to secure a high-quality production asset amid a tightening market with few comparable opportunities available. The Oslo-listed company is adding the 2006-built Nganhurra for an undisclosed sum in a transaction that involves a modest initial payment, …
https://splash247.com/bw-offshore-swoops-on-laid-up-fpso/
https://splash247.com/bw-offshore-swoops-on-laid-up-fpso/COSCO Shipping Energy Transportation (CSET) has expanded its tanker orderbook with a single chemical carrier newbuilding. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction a 9,200 dwt stainless steel unit at Wuchang Shipbuilding. The deal, worth about $25m is “conducive to optimising the company’s chemical …
https://splash247.com/cosco-books-chemical-tanker-at-wuchang/
https://splash247.com/cosco-books-chemical-tanker-at-wuchang/Dubai shipping firm Gulf Navigation (GulfNav) has officially put pen to paper on a deal to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, involves a transaction worth $871m, of which $125m in cash, and the sale of the assets and subsidiaries of Brooge, including Brooge …
https://splash247.com/gulfnav-inks-brooge-energy-acquisition-deal/
https://splash247.com/gulfnav-inks-brooge-energy-acquisition-deal/Wärtsilä will supply the electric propulsion system for three fully battery-electric, high-speed ferries that will operate in the San Francisco Bay area, the first full-electric high-speed ferries to operate and be built in the USA. The order…
https://www.marinelink.com/news/first-batteryelectric-ferries-us-selects-526212
https://www.marinelink.com/news/first-batteryelectric-ferries-us-selects-526212China has flexed its muscles this month by sending an unusually large number of naval and coast guard vessels through a swathe of East Asian waters, according to security documents and officials, in moves that have unnerved regional capitals.Since early May…
https://www.marinelink.com/news/china-again-flexes-naval-muscle-526213
https://www.marinelink.com/news/china-again-flexes-naval-muscle-526213Schottel will equip a new RoRo cargo vessel for U.S.-based United Launch Alliance (ULA) being built by Bollinger Shipyards in Amelia, Louisiana. The vessel, to be named SpaceShip, will transport Vulcan rockets from the factory in Decatur, Alabama…
https://www.marinelink.com/news/ula-spaceship-vessel-gets-propulsion-526216
https://www.marinelink.com/news/ula-spaceship-vessel-gets-propulsion-526216