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The Executive Management Team at UTC Overseas has announced the opening of its new office in Singapore, advancing the company’s global growth strategy and establishing its presence in the thriving Asia Pacific (APAC) market. The Singapore office…
https://www.marinelink.com/news/utc-enters-asiapacific-market-singapore-534711
https://www.marinelink.com/news/utc-enters-asiapacific-market-singapore-534711Cuts in sulfur emissions from oceangoing vessels have been tied to a reduction in lightning stroke density along heavily trafficked shipping routes in the Bay of Bengal and the South China Sea, according to new research from the University of…
https://www.marinelink.com/news/study-low-sulfur-fuel-reduces-lightning-534713
https://www.marinelink.com/news/study-low-sulfur-fuel-reduces-lightning-534713HII’s Ingalls Shipbuilding division has successfully completed builder’s sea trials for USS Zumwalt (DDG 1000).The Ingalls and Navy team conducted a comprehensive series of at-sea tests following an extensive modernization availability as the…
https://www.marinelink.com/news/hii-completes-builders-sea-trials-uss-534714
https://www.marinelink.com/news/hii-completes-builders-sea-trials-uss-534714Degrading quality, challenges with auctions and high premiums on mines will act as a deterrent in securing domestic iron ore supplies for Indian steelmakers despite abundant reserves, participants said during a Sponge Iron Manufacturers Association conference held Jan. 16. Global production of high-grade iron ore that is with an Fe content of over 62% has ...
https://www.hellenicshippingnews.com/india-faces-domestic-iron-ore-supply-challenges-despite-ample-reserves/Iron ore futures fell for the fifth straight session on Wednesday as Rio Tinto, the world’s top supplier, reported strong iron ore shipments in its fourth quarter, while concerns over safety inspections weighed on the Chinese market. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.32% lower at ...
https://www.hellenicshippingnews.com/iron-ore-futures-extend-losses-as-rio-tinto-reports-rise-in-quarterly-shipments/The Baltic Capesize Index opened the week marginally firmer, while weekly performance remains lower, indicating continued sensitivity in the freight market. Ballaster availability remains elevated across both basins, with approximately 160 vessels (5-day MA) in West Australia and around 280 vessels (5-day MA) in the South Atlantic. South Atlantic ballaster counts are around 40 vessels ...
https://www.hellenicshippingnews.com/january-snapshot-capesize-ballasters-demand/
https://www.hellenicshippingnews.com/january-snapshot-capesize-ballasters-demand/The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels carrying dry bulk commodities, climbed to a two‑week high on Wednesday as rates strengthened across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax vessels, gained 74 points, or 4.3%, to 1,803, the highest level since January 6. ...
https://www.hellenicshippingnews.com/baltic-index-scales-2-week-peak-as-vessel-rates-rise-across-all-segments/Car carrier owner Sallaum Lines has moved its headquarters from Switzerland to Limassol, Cyprus, as it looks to sharpen its footing in Europe and support the next phase of fleet and business growth. The company said the relocation brings it closer to key European markets, regulators and maritime partners, while placing it at the centre …
https://splash247.com/sallaum-lines-shifts-headquarters-to-cyprus/
https://splash247.com/sallaum-lines-shifts-headquarters-to-cyprus/Kumiai Navigation is set to expand its dry bulk fleet, with market sources pointing to a newcastlemax newbuilding order at home in Japan. The Singapore-based owner, part of Japan’s Kumiai Senpaku group, has lined up a deal at Kawasaki Heavy Industries for two 210,000 dwt bulk carriers, according to shipbuilding players, with deliveries set for …
https://splash247.com/kumiai-navigation-lines-up-newcastlemax-pair-at-japanese-yard/
https://splash247.com/kumiai-navigation-lines-up-newcastlemax-pair-at-japanese-yard/Offshore drilling player Seadrill has picked up fresh contract cover across Malaysia, Norway and Brazil, firming up forward earnings for three units in its fleet. The New York-listed rig owner said the ultra-deepwater drillship West Capella has secured a new well-based contract in Malaysia with an undisclosed operator. The programme is due to start in …
https://splash247.com/seadrill-lands-new-work-for-trio-of-rigs/
https://splash247.com/seadrill-lands-new-work-for-trio-of-rigs/