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The U.S. government has filed for court warrants to seize dozens more tankers linked to the Venezuelan oil trade, four sources familiar with the matter said, as Washington consolidates control of oil shipments in and out of the South American country.The U.S.
https://www.marinelink.com/news/us-files-warrants-seize-dozens-tankers-534366
https://www.marinelink.com/news/us-files-warrants-seize-dozens-tankers-534366The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, recorded the seventh consecutive session of decreases on Tuesday, dropping 3.1% to a new low since July last year at 1,608 points. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, retreated for the 14th straight ...
https://www.hellenicshippingnews.com/baltic-dry-index-down-for-7th-day/
https://www.hellenicshippingnews.com/baltic-dry-index-down-for-7th-day/Iron ore futures dipped on Tuesday, as shrinking margins among steelmakers in top consumer China, squeezed by persistently high prices, dampened buying appetite and triggered risk-off sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.24% lower at 819.5 yuan ($117.47) a metric ton. The benchmark February iron ...
https://www.hellenicshippingnews.com/iron-ore-dips-as-shrinking-steel-margins-thinning-spot-liquidity-weigh/A 5% increase in global steel exports in 2025 was driven by a surge in Chinese exports. Steel flows in 2025 are 5% higher than in 2024. China has driven the increase in outward steel flows, as its exports rose by 19%. Elsewhere, outward steel flows fell 2% y/y. Outlook to 2026, weak domestic steel ...
https://www.hellenicshippingnews.com/signal-group-spotlight-steel-seaborne-trends/
https://www.hellenicshippingnews.com/signal-group-spotlight-steel-seaborne-trends/Virginia Crosbie has been appointed managing director of the Nuclear Energy Maritime Organization (NEMO), a membership-led body promoting the safe, secure and sustainable use of nuclear technologies in the maritime sector. Crosbie, who is chair of Supporters of Nuclear Energy (SONE), takes up the role at a time when interest is growing around nuclear-powered and …
https://splash247.com/former-uk-mp-takes-on-maritime-nuclear-role/
https://splash247.com/former-uk-mp-takes-on-maritime-nuclear-role/MOL PLUS, the investment arm of Japanese shipping giant Mitsui OSK Lines (MOL), has taken a stake in Singapore-based electric vessel developer Pyxis Maritime. The investment targets both electric harbour craft and the charging stations, with a focus on commercial roll-out rather than pilot projects. Pyxis develops and builds electric workboats and passenger vessels, while …
https://splash247.com/mol-plugs-into-singapore-electric-vessel-start-up-pyxis/
https://splash247.com/mol-plugs-into-singapore-electric-vessel-start-up-pyxis/Adam Polemis’ New Shipping has been tied to fresh Chinese tonnage, extending its suezmax tanker orderbook and newbuilding programme that has gathered pace over the past year. CSSC Beihai Shipbuilding has secured a contract for a 161,800-dwt suezmax crude oil tanker from undisclosed Greek interests. However, Greek broking sources have since linked the deal to …
https://splash247.com/polemis-tied-to-suezmax-order-in-china/
https://splash247.com/polemis-tied-to-suezmax-order-in-china/Greek bulker owner Diana Shipping has secured a new charter deal for its ultramax bulker DSI Altair, fixing the vessel to commodities group Bunge. The New York-listed company said the contract was agreed at $14,750 per day, less a 5% commission, for a period running from a minimum of January 15, 2027, to a latest …
https://splash247.com/diana-shipping-scores-second-fixture-of-the-year-with-bunge-deal/
https://splash247.com/diana-shipping-scores-second-fixture-of-the-year-with-bunge-deal/Japanese owner Kyoei Tanker is expanding its VLCC fleet with a 310,000 newbuild ordered at Japan Marine United’s Ariake yard, with delivery slated for 2029. The Tokyo-based company confirmed the vessel will be acquired through a shared ownership structure, following board approval and final sign-off by partners late last year. Kyoei declined to disclose the …
https://splash247.com/kyoei-tanker-adds-vlcc-slot-at-jmu/
https://splash247.com/kyoei-tanker-adds-vlcc-slot-at-jmu/MOL PLUS has decided to invest in Pyxis Maritime, a Singapore-based developer of electric vessels and operator of electric boat charging stations, as part of efforts to promote the commercialization of electric vessels and related infrastructure.The…
https://www.marinelink.com/news/mol-plus-invest-pyxis-advance-electric-534321
https://www.marinelink.com/news/mol-plus-invest-pyxis-advance-electric-534321