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Iron ore futures recovered on Friday, boosted by better-than-expected inflation data out of top consumer China, although lingering worries around demand and high supply kept prices on track for a weekly loss. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) gave up some earlier gains to end daytime trade 0.27% higher ...
https://www.hellenicshippingnews.com/iron-ore-recovers-on-china-inflation-data-but-set-for-weekly-loss/The Baltic Exchange’s main sea freight index marked its first weekly gain in four on Friday, helped by higher rates for capesize vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 13 points, or 0.8%, to 1,670. However, it posted its biggest weekly gain since July 12. ...
https://www.hellenicshippingnews.com/baltic-index-set-for-first-weekly-gain-in-four-on-strong-capesize-demand/Prices for second hand bulk carriers have been rising, reflecting the overall positive trend in the dry bulk market. In its latest weekly report, shipbroker Intermodal said that “the dry bulk market has seen a rise in secondhand asset values this year. While average earnings have remained healthy, the ratio between earnings and asset values ...
https://www.hellenicshippingnews.com/dry-bulk-carriers-becoming-more-expensive/
https://www.hellenicshippingnews.com/dry-bulk-carriers-becoming-more-expensive/South Korea’s Sinokor Merchant Marine has placed four of its MR tankers into Scorpio Group’s pool. Monaco-headquartered Scorpio did not reveal the names of the tankers but said that the move is expected to create synergies within the MR segment, aligning with the company’s goal to consolidate high-quality tonnage in this market. Sinokor is listed …
https://splash247.com/sinokor-places-four-tankers-in-scorpio-mr-pool/
https://splash247.com/sinokor-places-four-tankers-in-scorpio-mr-pool/A new Chinese ship repair yard was officially opened this week, capable of handling 120 ships a year, further adding to the nation’s dominance in the repair segment. The new yard is a joint venture between Shanghai COSCO Shipping Heavy Industry and Jiangsu Watts Energy & Engineering, located in Qidong, some 50 km north of …
https://splash247.com/new-ship-repair-yard-opens-in-china/
https://splash247.com/new-ship-repair-yard-opens-in-china/Handysize gas carrier owner and operator Navigator Holding is investing in clean ammonia developer Ten08 focused on an industrial scale, hybrid blue-and-green ammonia production facility on the Gulf coast of Texas. Ten08 aims to produce ultra-low carbon ammonia to cover the needs of power, shipping, fertilizer, and chemicals industries. The first phase expected to kickstart …
https://splash247.com/navigator-invests-in-us-ammonia-project/
https://splash247.com/navigator-invests-in-us-ammonia-project/Construction of Scotland’s largest commercial shore power system has started at Port of Aberdeen as part of a $5 million (£4 million) project designed to supply clean electricity to vessels at seven berths.The ‘Shore Power in Operation’ demonstrator…
https://www.marinelink.com/news/scotlands-largest-commercial-shore-power-515822
https://www.marinelink.com/news/scotlands-largest-commercial-shore-power-515822Kongsberg Maritime has secured a contract from Danish operator Tärntank to design and equip its eleventh hybrid chemical tanker, which will featured wind-assisted propulsion system.The latest contract brings the total of vessels order by Tärntank to 11…
https://www.marinelink.com/news/kongsberg-design-equip-danish-operators-515824
https://www.marinelink.com/news/kongsberg-design-equip-danish-operators-515824San Francisco’s Water Emergency Transportation Authority (WETA), the operator of the San Francisco Bay Ferry system, is moving forward with plans to introduce the United States' first fleet of zero-emission, high-speed, battery electric ferries…
https://www.marinelink.com/news/weta-reveals-new-details-san-franciscos-515830
https://www.marinelink.com/news/weta-reveals-new-details-san-franciscos-515830Austart launched the ATS203 Engine Air Starters. Designed to meet the demands of marine, industrial, and oil & gas applications, the ATS203 Engine Air Starters are engineered to provide unmatched starting power for diesel and gas engines. Key…
https://www.marinelink.com/news/new-product-ats-engine-air-starters-515831
https://www.marinelink.com/news/new-product-ats-engine-air-starters-515831