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The Michigan Department of Transportation (MDOT) has revealed the winners of the 2024 Michigan Maritime and Port Facility Assistance Grant Program, which will allocate $5 million to maritime projects throughout the state.The five chosen projects aim to enhance Michigan's maritime infrastructure…
https://www.marinelink.com/news/michigan-awards-million-maritime-515724
https://www.marinelink.com/news/michigan-awards-million-maritime-515724Port Angeles, Wash. shipbuilder BRIX Marine announced it has delivered a new whale watching tour vessel for Alaska Whale Watching, operating out of Auke Bay, Alaska.The 5217-CTC aluminum catamaran Quinn Starr—part of the builder's PaxCat portfolio…
https://www.marinelink.com/news/brix-marine-delivers-whale-watching-515725
https://www.marinelink.com/news/brix-marine-delivers-whale-watching-515725Iron ore futures prices drifted lower on Tuesday as wider losses induced production cuts among steelmakers in top consumer China and lingering high portside inventories weighed on sentiment. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 bucked the recent uptrend to slide 1.42% to 763 yuan ($106.78) a metric ton ...
https://www.hellenicshippingnews.com/iron-ore-drifts-lower-as-falling-near-term-demand-high-stocks-weigh/United Maritime Corporation, announced yesterday its financial results for the second quarter and six months ended June 30, 2024. The Company also declared a quarterly dividend of $0.075 per common share for the second quarter of 2024. For the quarter ended June 30, 2024, the Company generated Net Revenues of $12.4 million compared to $10.0 ...
https://www.hellenicshippingnews.com/united-maritime-returns-to-profitability-during-the-second-quarter/Seanergy Maritime Holdings Corp., announced yesterday its financial results for the second quarter and six months ended June 30, 2024. The Company also declared a quarterly cash dividend of $0.25 per common share for the second quarter of 2024 and announced an updated dividend policy targeting the distribution of approximately 50% of operating cash flow ...
https://www.hellenicshippingnews.com/capesize-strategy-pays-off-as-seanergy-maritime-reports-record-first-half-results/China, the behemoth of global coal trade, continues to defy trade expectations, according to the International Energy Administration’s Coal Mid-Year Update. Despite brimming stockpiles, the nation’s coal imports surged by 12% in the first half of 2024. While a slowdown is anticipated for the remainder of the year, China’s insatiable appetite has far-reaching implications for ...
https://www.hellenicshippingnews.com/coal-trade-reshaped-by-asian-demand/
https://www.hellenicshippingnews.com/coal-trade-reshaped-by-asian-demand/The Baltic Exchange’s dry bulk sea freight index rose to a one-week high on Tuesday, as gains in the capesize segment overshadowed declines in rates for smaller vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 8 points, or 0.5%, to 1,685, posting a one-week high. The capesize ...
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-high-on-capesize-strength-2/
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-high-on-capesize-strength-2/GasLog Partners is set to strike a sale and leaseback deal for one of its tri-fuel diesel-electric (TFDE) LNG carriers. The Peter Livanos-controlled company said in its second-quarter earnings release, it had been pursuing an agreement for an unnamed vessel, without disclosing further details. “While no definitive agreement has yet been reached, the agreement is …
https://splash247.com/gaslog-partners-readies-lng-carrier-sale-and-leaseback-deal/
https://splash247.com/gaslog-partners-readies-lng-carrier-sale-and-leaseback-deal/Supply chain chaos across Bangladesh, the world’s third-largest exporter of clothing, has created the longest berthing delays anywhere across the globe. Some 50 ships are queuing in a 25 nautical mile stretch outside Chattogram port (see map below) following weeks of protests, curfews, internet outages, all of which culminated yesterday in the resignation of Sheikh …
https://splash247.com/supply-chain-chaos-grips-bangladesh-in-wake-of-pms-resignation/
https://splash247.com/supply-chain-chaos-grips-bangladesh-in-wake-of-pms-resignation/Japan’s natural gas provider Tokyo Gas has made an investment in the WindFloat Atlantic operational floating offshore wind farm in Portugal. The wind farm is operated by Windplus, a majority-owned subsidiary of Ocean Winds. This investment is a new collaboration between Tokyo Gas and Ocean Winds, who are already co-shareholders of Principle Power, a floating …
https://splash247.com/tokyo-gas-invests-in-floating-wind-farm-off-portugal/
https://splash247.com/tokyo-gas-invests-in-floating-wind-farm-off-portugal/