ShipOracle News
This week’s chart highlights the notable increase in the monthly volume of Russian grain shipments during the first two quarters of this year. By the end of the second quarter, shipments had risen by 15% compared to the previous quarter. Notably, Egypt emerged as the leading destination for Russian grain, accounting for 20% of the ...
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The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Thursday as rates for the larger capesize vessel segment dropped to a nearly two-month low. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 30 points, or 1.6%, to 1,834, hitting ...
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-rates-decline/
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Demand for second hand dry bulk carriers remained in high demand during the past week. In its latest weekly report, shipbroker Xclusiv said that “despite the northern hemisphere approaching the “heart” of the summer, dry bulk S&P activity remains robust. Chinese buyers were quite active on the Capesize sector this week. The “Cape Mathilde” – ...
https://www.hellenicshippingnews.com/shipping-dry-bulk-carriers-remain-in-high-demand/
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South Korean flagship carrier HMM has signed a memorandum of understanding with railroad freight transportation services provider Korea Railroad Corporation (KORAIL) to create an intermodal transportation system. The agreement covers utilising domestic rail infrastructure for refrigerated cargo and establishing a one-stop transportation system that connects rail and maritime freight. According to HMM, this cooperation will …
https://splash247.com/hmm-and-korail-team-up-to-enhance-refrigerated-cargo-rail-transport/
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A Tanzanian-flagged general cargo ship Fu Shun capsized and sank in stormy weather off Taiwan with its nine crewmembers missing. The 1985-built 56-m-long vessel went down around 19 nautical miles off the coast of Kaohsiung City early morning, after Typhoon Gaemi swept across the island overnight. Local authorities said the nine crew from Myanmar had …
https://splash247.com/nine-seafarers-missing-after-ship-sinks-off-taiwan/
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The manufacturer of the damaged blade on the Vineyard Wind farm, GE Vernova, has revealed the findings of a preliminary investigation and claims that the problem was faulty manufacturing, not a design flaw. The turbine suffered blade damage on July 13. No one was hurt but the island beaches were strewn with fibreglass shards and …
https://splash247.com/ge-vernova-blames-faulty-manufacturing-for-vineyard-wind-blade-incident/
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UK offshore contractor Rovco has been selected by Flotation Energy and Vårgrønn joint venture to conduct a site survey for Green Volt floating offshore wind farm, located 80km east of Peterhead in Scotland. The contract with an undisclosed value covers geophysical surveys in the wind farm array area, offshore and nearshore export cable corridors, shallow …
https://splash247.com/rovco-wins-survey-work-on-560-mw-scottish-floater/
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French energy major TotalEnergies has bought a 50% stake in the 795 MW OranjeWind offshore wind farm from German renewable developer RWE and will dedicate it to producing green hydrogen. TotalEnergies will use its share of the renewable electricity production from the project to power 350MW electrolyzer projects. These will produce about 40,000 tons per …
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ShipOracle News
Italian product tanker player d’Amico International Shipping (DIS) has terminated the purchase of a 2017-built MR agreed earlier this year. The Milan-listed firm said the deal for the 50,000 dwt Amfitrion from Evangelos Marinakis’ stable fell through as the vessel had not been delivered in time. “Due to the sellers’ failure to adhere to the …
https://splash247.com/damico-scraps-marinakis-mr-deal/
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Nasdaq-listed Castor Maritime is moving into the ultramax segment with the acquisition of an unnamed 2015-built vessel in a deal worth $25.5m. The Petros Panagiotidis-led bulker and boxship owner said it expects the vessel to join the fleet in the third quarter of this year. Earlier this year, the Cyprus-headquartered outfit completed the sale of …
https://splash247.com/castor-moves-into-ultramax-bulker-segment/
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