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Dalian iron ore futures extended declines to hit a more than six-week low on Thursday, weighed down by the anticipation of falling demand in top consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange TIO1! closed daytime trade 0.89% lower at 773.5 yuan ($108.56) a metric ton, after touching its lowest ...
https://www.hellenicshippingnews.com/dalian-iron-ore-hits-more-than-6-week-low-on-bets-for-falling-demand/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, edged up on Thursday, driven by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 49 points, or 2.5%, to 2,046 points. On Tuesday, Washington and Beijing ...
https://www.hellenicshippingnews.com/baltic-index-ticks-up-on-gains-across-all-vessel-segments/
https://www.hellenicshippingnews.com/baltic-index-ticks-up-on-gains-across-all-vessel-segments/France’s CMA CGM has signed a letter of intent with Cochin Shipyard Ltd (CSL) to build six LNG-powered feeder containerships, marking the first-ever order by a global liner operator at an Indian yard. The 1,700 teu vessels are valued at around $300m in total. A formal shipbuilding contract outlining technical and commercial terms will follow …
https://splash247.com/cma-cgm-turns-to-india-for-six-feeder-newbuilds/
https://splash247.com/cma-cgm-turns-to-india-for-six-feeder-newbuilds/Iron ore continues to dominate global dry bulk tonne-mile generation, though its relative weight has steadily declined over the past decade, from 41.5% in 2015 to a low of 36.2% in 2024, and to around 37.1% in 2025 year to date, according to dry bulk carrier movement data from AXSMarine carried in a new report …
https://splash247.com/bauxite-steals-iron-ores-thunder/
https://splash247.com/bauxite-steals-iron-ores-thunder/While the majority of opening statements at yesterday’s opening of the latest Marine Environment Protection Committee (MEPC) were broadly in favour of the International Maritime Organization’s (IMO) Net-Zero Framework (NZF), the US delegation stood out once again for its outspoken opposition to the proposed green legislation. The American delegation, which made headlines in April for …
https://splash247.com/imos-green-dream-meets-americas-red-line/
https://splash247.com/imos-green-dream-meets-americas-red-line/$1.7m. That’s the fee – or RMB12.1m – that the German owners of the US-flagged Matson Waikiki are being forced to pay to allow the vessel to dock in Shanghai, a sizeable sum, and an indication of the chaos, and costs, that are arising from yesterday’s introduction of hiked port fees by Washington and Beijing. …
https://splash247.com/panamax-boxship-hit-with-1-7m-shanghai-fee-as-chinas-new-port-levies-bite/
https://splash247.com/panamax-boxship-hit-with-1-7m-shanghai-fee-as-chinas-new-port-levies-bite/France’s Sogestran Group is upgrading its bunker tanker fleet with an order for two new vessels at China Merchants Industry Yangzhou Dingheng Shipyard. The deal, which extends a long-standing partnership between its subsidiary Maritima with Petroineos in southern France, covers 4,500 cu m newbuilds set to replace the 3,430 cu m 2008-built Florence B and …
https://splash247.com/sogestran-orders-two-new-bunker-tankers-in-china/
https://splash247.com/sogestran-orders-two-new-bunker-tankers-in-china/China’s Shandong Ocean Shipping Group is expanding into the capesize bulker segment with a pair of newbuildings. The maritime logistics arm of Shandong Port Group has returned to Hengli Shipbuilding for the 181,000 dwt vessels as part of a strategic push to strengthen its dry bulk fleet. The new order follows two firm 95,500 dwt …
https://splash247.com/shandong-ocean-shipping-bets-on-capesize-segment-with-two-hengli-newbuilds/
https://splash247.com/shandong-ocean-shipping-bets-on-capesize-segment-with-two-hengli-newbuilds/Greek shipowner Evangelos Marinakis is expanding his VLCC newbuilding programme, signing a contract for a 306,000 dwt supertanker at China’s Hengli Heavy Industries. The deal, valued by shipbuilding sources at around $118m, aligns with similar VLCC deals struck by owners John Fredriksen and George Procopiou at the Dalian-based yard, with delivery scheduled between 2026 and …
https://splash247.com/marinakis-in-for-hengli-vlcc/
https://splash247.com/marinakis-in-for-hengli-vlcc/Britain targeted Russia's two largest oil companies, Lukoil and Rosneft, and 51 shadow fleet tankers on Wednesday in what it described as a new bid to tighten energy sanctions and choke off Kremlin revenues.Lukoil and Rosneft were designated…
https://www.marinelink.com/news/uk-targets-lukoil-rosneft-shadow-fleet-531146
https://www.marinelink.com/news/uk-targets-lukoil-rosneft-shadow-fleet-531146