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Baker Marine Solutions (BMS) announced a formal partnership with Seacroft Marine Consultants (EMEA) and M3 Marine Expertise (Asia-Pacific) through a signed Memorandum of Understanding (MOU).After establishing a working relationship in recent years, this tri-party alliance formally marks a milestone
https://www.marinelink.com/news/baker-marine-solutions-global-524919
https://www.marinelink.com/news/baker-marine-solutions-global-524919Mitsui O.S.K. Lines, Ltd. announced that the naming and delivery ceremony for the MOL-ordered LNG-fueled Capesize bulker for JFE Steel Corporation was held at the Saijo Shipyard of Imabari Shipbuilding Co., Ltd. (Ehime Prefecture). The vessel was named the Verde Heraldo, which means “Green Pioneer” in Spanish, by JFE Steel President and CEO Masayuki Hirose. ...
https://www.hellenicshippingnews.com/lng-fueled-capesize-bulker-verde-heraldo-delivered-will-supply-jfe-steel-mills/Iron ore futures prices traded within a tight range on Tuesday, as investors weighed fresh temporary tariffs on some Chinese steel against brightening near-term demand from China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! rose 0.21% to 711 yuan ($97.26) a metric ton. The benchmark May iron ore (SZZFK5) ...
https://www.hellenicshippingnews.com/dalian-iron-ore-range-bound-as-traders-weigh-india-steel-duty-resilient-china-demand/China’s soybean imports from the United States rose 12% in March from the same period last year, as shipments secured in late 2024 by buyers concerned about the potential for a trade spat between the U.S. and China arrived in port. However, Brazil is expected to dominate the market in the coming months as its ...
https://www.hellenicshippingnews.com/chinas-soybean-imports-from-us-jump-in-march-but-brazil-set-to-dominate-market/The Baltic Exchange’s dry bulk sea freight index was unchanged on Tuesday as gains in the panamax and supramax segments countered a decline in capesize rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, held steady at 1,261 points. The capesize index fell 17 points, or about 1%, to 1,661. ...
https://www.hellenicshippingnews.com/baltic-index-unchanged-as-gains-in-smaller-vessels-counter-muted-capsize/Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with a decrease of c.58% and just 77 reported this year to date, compared to 182 for the same period last year. Since the US proposed fees to Chinese-built vessels entering US ports in February, sale and purchase levels ...
https://www.hellenicshippingnews.com/bulker-sp-activity-falls-sharply-in-q1-2025/
https://www.hellenicshippingnews.com/bulker-sp-activity-falls-sharply-in-q1-2025/Global trade flows are shifting in response to the ongoing trade war. In its latest weekly report, shipbroker Intermodal said that “the recent surge in trade tensions between the U.S. and China, marked by the U.S. imposing tariffs up to 145% on Chinese imports and China retaliating with 125% tariffs, has cast a significant shadow ...
https://www.hellenicshippingnews.com/shifting-trade-flows-from-policy-changes/
https://www.hellenicshippingnews.com/shifting-trade-flows-from-policy-changes/The Royal Dutch Sea Rescue Society (KNRM) has stated that it evacuated two injured crewmen from an OSV that hit the base of an offshore wind turbine in the North Sea. The 1990-built Glomar Venture, owned by the Dutch offshore support vessel player Glomar, made a call for medical evacuation around 7 am local time …
https://splash247.com/two-crewmen-injured-as-osv-hits-wind-turbine-in-dutch-north-sea/
https://splash247.com/two-crewmen-injured-as-osv-hits-wind-turbine-in-dutch-north-sea/Swiss-based offshore geotechnical data acquisition specialist Geoquip Marine has been awarded a survey contract by clean energy asset manager Luxcara for the Waterekke offshore wind farm in the German North Sea. The Njord Partners’ portfolio company, led by former PGS boss Rune Pedersen, said the work scope involves a detailed geotechnical survey to characterise subsurface …
https://splash247.com/geoquip-secures-german-north-sea-wind-farm-contract/
https://splash247.com/geoquip-secures-german-north-sea-wind-farm-contract/As tariffs and trade wars continue to unsettle markets globally, some astute companies are moving to fill the void. One is South Korean shipbuilder Hanwha Ocean, which according to a report by Bloomberg is moving to build the LNG tankers in the United States…
https://www.marinelink.com/news/hanwha-moves-build-lng-carriers-us-524869
https://www.marinelink.com/news/hanwha-moves-build-lng-carriers-us-524869