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Global digital shipbuilder Incat Crowther has been commissioned by Los Angeles operator Catalina Express to design a new low-emission, renewable diesel-powered passenger ferry. The new ferry will form part of the Port of Los Angeles’ $31 million…
https://www.marinelink.com/news/incat-crowther-commissioned-design-526757
https://www.marinelink.com/news/incat-crowther-commissioned-design-526757EV Maritime, New Zealand’s leading electric ferry design and technology company, announced the launch of its first fully electric passenger ferry. The new vessel will operate between downtown Auckland and the suburb of Half Moon Bay.This is the first of the EVM200 class…
https://www.marinelink.com/news/ev-maritime-launches-first-electric-ferry-526758
https://www.marinelink.com/news/ev-maritime-launches-first-electric-ferry-526758The House Appropriations Committee's Defense subcommittee released its draft bill for fiscal-year 2026 late on Tuesday, which aims to buy one additional F-35 jet versus the Pentagon's 2025 budget request and make investments in naval vessels…
https://www.marinelink.com/news/us-congress-presses-boost-navy-air-force-526759
https://www.marinelink.com/news/us-congress-presses-boost-navy-air-force-526759Iron ore futures prices rebounded on Wednesday, as signs of progress in trade talks between the world’s two largest economies bolstered sentiment, although uncertainty over a final agreement and softening steel demand capped further gains. Officials from the United States and China, the world’s largest iron ore consumer, agreed on a framework to put their ...
https://www.hellenicshippingnews.com/iron-ore-rebounds-as-traders-cheer-sino-us-trade-progress/
https://www.hellenicshippingnews.com/iron-ore-rebounds-as-traders-cheer-sino-us-trade-progress/China’s coal imports could drop by up to 100 million metric tons in 2025, an official at a major industry group said, potentially putting further pressure on key price benchmarks already trading at multi-year lows. Imports by the world’s largest consumer, importer and producer of the fossil fuel rose to a record high of 542.7 ...
https://www.hellenicshippingnews.com/china-coal-imports-could-drop-by-up-to-100-million-tons-in-2025-industry-group-says/Through our dry bulk flow tool, we have identified changing trends in the trade of corn. Similar to soybeans, both the U.S. and Brazil dominate the export market; however, unlike that market, the U.S. is seeing its exports strengthen. This report looks at whether the increase in U.S. corn exports is enough to make up ...
https://www.hellenicshippingnews.com/a-kernel-of-truth-on-corn-trade-flows/
https://www.hellenicshippingnews.com/a-kernel-of-truth-on-corn-trade-flows/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, rebounded to its highest level in nearly seven months on higher rates across vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 58 points, or 3.5%, at 1,738, its highest since ...
https://www.hellenicshippingnews.com/baltic-index-rebounds-to-seven-month-peak-on-higher-rates-across-vessel-segments/ADNOC Logistics & Services (ADNOC L&S) has secured a 15-year contract with its compatriot polyolefins major, Borouge, to manage logistics for more than half of its annual petrochemicals output. The deal, valued at $531m, covers port management, container handling, and feeder container ship services for the Borouge container terminal in Al Ruwais Industrial City, Abu …
https://splash247.com/adnoc-ls-lands-530m-deal-with-petchem-giant-borouge/
https://splash247.com/adnoc-ls-lands-530m-deal-with-petchem-giant-borouge/Japanese shipowner Shinomiya Tanker has reportedly commissioned three compatriot yards for five handysize bulker newbuildings. The Tokushima-based company has placed a single 40,000 dwt vessel at Naikai Zosen, with two additional ships each ordered from Imabari Shipbuilding and Hakodate Dockyard at $33m apiece. The first ship, linked by brokers to a charter deal with Denmark’s …
https://splash247.com/japans-shinomiya-tanker-taps-domestic-yards-for-handysize-bulker-series/
https://splash247.com/japans-shinomiya-tanker-taps-domestic-yards-for-handysize-bulker-series/U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions.At…
https://www.marinelink.com/news/cautious-optimism-us-china-tariff-truce-526727
https://www.marinelink.com/news/cautious-optimism-us-china-tariff-truce-526727