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The U.S. registered bulk carrier American Mariner was leaving a dock near Sault Sainte Marie, Ontario, last year when the master — acting alone on the bridge during complicated maneuvers — overshot a turn and grounded on shoals, damaging three ballast water tanks…
https://www.marinelink.com/news/bridge-errors-led-bulk-carrier-grounding-515400
https://www.marinelink.com/news/bridge-errors-led-bulk-carrier-grounding-515400Paying claims for ships involved in accidents or collisions with other vessels covered by sanctions-hit Russian insurer Ingosstrakh will prove difficult, UK ship insurer West said, in another sign of complications with Moscow's oil trade.In June…
https://www.marinelink.com/news/uk-ship-insurer-sees-problems-paying-515402
https://www.marinelink.com/news/uk-ship-insurer-sees-problems-paying-515402Recent developments in the Red Sea and surrounding waterways suggest that the threat to international shipping from Yemen's Houthis is growing, U.N. Special Envoy to Yemen Hans Grundberg told the U.N. Security Council on Tuesday.In a briefing on the situation in Yemen…
https://www.marinelink.com/news/houthi-threat-red-sea-shipping-growing-515404
https://www.marinelink.com/news/houthi-threat-red-sea-shipping-growing-515404Since the Russian invasion began in 2022, Ukraine has successfully resisted its opponents on many fronts, but its most surprising success came in a theater where few expected Ukraine to prevail: the Black Sea.In 2022, the consensus among military…
https://www.marinelink.com/news/ukrainians-navy-defeated-russias-black-515405
https://www.marinelink.com/news/ukrainians-navy-defeated-russias-black-515405Boston celebrated its maritime heritage in June by welcoming tall ships from around the world into Boston Harbor for the celebratory event, Sail Boston. Thousands of people visited the magnificent vessels at anchor to learn about Boston’s rich…
https://www.marinelink.com/news/land-ship-port-chaplains-offer-comfort-515406
https://www.marinelink.com/news/land-ship-port-chaplains-offer-comfort-515406Iron ore futures fell to their lowest in more than three months on Tuesday, as a lack of stimulus from top consumer China’s third plenum fanned prospects of bleak demand. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 3.43% lower at 774.5 yuan ($106.47) a metric ton, ...
https://www.hellenicshippingnews.com/iron-ore-hits-three-month-low-on-bleak-china-demand-outlook/
https://www.hellenicshippingnews.com/iron-ore-hits-three-month-low-on-bleak-china-demand-outlook/China’s first cut to major short- and long-term interest rates in 11 months drew a distinctly ho-hum reaction from the commodities that usually would be expected to be the biggest beneficiaries. The People’s Bank of China said on Monday it would cut the seven-day reverse repo rate to 1.7% from 1.8%, and minutes after that ...
https://www.hellenicshippingnews.com/chinas-rate-cuts-fail-to-revive-iron-ore-and-copper/
https://www.hellenicshippingnews.com/chinas-rate-cuts-fail-to-revive-iron-ore-and-copper/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped to its lowest level in more than a month on Tuesday as rates for the capesize vessel segment fell. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 27 points, or 1.4%, ...
https://www.hellenicshippingnews.com/baltic-index-drops-to-over-one-month-low-on-lower-capesize-rates/India’s Great Eastern Shipping has carried on its product tanker fleet renewal initiative, with the disposal of another vintage MR unit. The Mumbai-listed diversified owner said it had struck a deal with an undisclosed buyer for its 2005-built Jag Pranav. No price tag has been attached to the deal, but the 51,383 dwt ship, VesselsValue …
https://splash247.com/great-eastern-ships-out-another-ageing-mr/
https://splash247.com/great-eastern-ships-out-another-ageing-mr/Singapore-based liner operator SeaLead Shipping has set up a new leadership team following a change in ownership earlier this year. Suleyman Avci has been appointed as global chief executive officer, taking over from SC Chan, who filled the position after Henry Schmidl left as part of the “strategic realignment” under the new ownership. Prior to …
https://splash247.com/new-leadership-unveiled-at-sealead/
https://splash247.com/new-leadership-unveiled-at-sealead/