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Venezuela's state-run oil company PDVSA has started filling tankers with crude and fuel oil and keeping them in Venezuelan waters, as inventories have mounted due to the U.S. seizing Venezuela-linked ships at sea, according to company documents and shipping data.This month, the U.S.
https://www.marinelink.com/news/venezuela-turns-floating-oil-storage-533834
https://www.marinelink.com/news/venezuela-turns-floating-oil-storage-533834Venezuela's ruling-party controlled National Assembly unanimously approved a law on Tuesday that allows prison sentences of up to 20 years for anyone who promotes or finances what it describes as piracy or blockades.The law, which includes "other international crimes", comes after recent U.S.
https://www.marinelink.com/news/venezuela-passes-law-against-piracy-533835
https://www.marinelink.com/news/venezuela-passes-law-against-piracy-533835Iron ore futures prices closed lower on Tuesday, weighed by steel mills undergoing annual furnace maintenance and rising Chinese port inventories. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.26% lower at 778.5 yuan ($110.77) a metric ton. The benchmark January iron ore (SZZFF6) on the Singapore Exchange was 0.39% ...
https://www.hellenicshippingnews.com/iron-ore-slips-as-mill-maintenance-rising-china-port-stocks-weigh/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to an over five-month low on Tuesday, as rates across all vessel segments declined. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 90 points, or 4.5%, to 1,889 points, its ...
https://www.hellenicshippingnews.com/baltic-index-falls-to-five-month-low-as-vessel-rates-decline-across-the-board/Bauxite exports from Guinea have experienced uninterrupted y/y growth every month so far in 2025, with the final month of December likely to be no different. As a result, bauxite exports from Guinea are likely to reach 175mt, 22% higher than in 2024. This has led to bauxite being the best-performing capesize commodity behind iron ...
https://www.hellenicshippingnews.com/bauxite-helps-to-hold-the-capesize-market/
https://www.hellenicshippingnews.com/bauxite-helps-to-hold-the-capesize-market/Seaborne demand for iron ore remained slightly higher than 2024, despite a slight decrease in Chinese imports. In its latest weekly report, shipbroker Banchero Costa said that “2024 was another positive year for global seaborne iron ore trade. In Jan-Dec 2024, global loadings of iron ore increased by +2.3% y-o-y to 1,669.2 mln tonnes, based ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-global-iron-ore-volumes-post-slight-increase-despite-chinas-imports-decrease/Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance…
https://www.marinelink.com/news/dof-bags-two-deals-asiapacific-region-533815
https://www.marinelink.com/news/dof-bags-two-deals-asiapacific-region-533815Equinor said it is complying with a stop-work order issued by the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM), which ordered the suspension of offshore construction activities on the Empire Wind project citing national security concerns.Empire Offshore Wind LLC…
https://www.marinelink.com/news/equinor-halts-activities-empire-wind-533816
https://www.marinelink.com/news/equinor-halts-activities-empire-wind-533816Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured a contract covering two of its large-class vessels in Europe.The contract spans a total of 985 days and will see the vessels continue…
https://www.marinelink.com/news/gulf-marine-hooks-multiyear-jackup-533819
https://www.marinelink.com/news/gulf-marine-hooks-multiyear-jackup-533819U.S. President Trump on Monday announced plans for a new "Trump class" of battleships, marking the start of an expanded naval buildup and signaling increased scrutiny of defense contractors over production delays and cost overruns.Trump said the new battleships would be larger…
https://www.marinelink.com/news/trumpclass-battleship-unveiled-defense-533821
https://www.marinelink.com/news/trumpclass-battleship-unveiled-defense-533821