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Ukraine said on Monday it hit and disabled a Russian missile-carrying submarine docked at a Black Sea naval base using underwater sea drones for the first time, but Moscow denied the strike caused any damage.The attack with Ukrainian-made "Sub…
https://www.marinelink.com/news/ukraine-says-underwater-drones-hit-533536
https://www.marinelink.com/news/ukraine-says-underwater-drones-hit-533536Prices of Dalian iron ore fell on Monday to hit their lowest level in more than five months, as top consumer China’s plan to roll out a licence system from 2026 to regulate steel exports cast a shadow on demand prospects. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade ...
https://www.hellenicshippingnews.com/dalian-iron-ore-hits-five-month-low-as-china-plans-to-regulate-steel-exports/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, edged down on Monday, pressured by weaker panamax vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 12 points, or 0.5%, to 2,193 points, its lowest since November 17. The ...
https://www.hellenicshippingnews.com/baltic-index-edges-lower-on-weaker-panamax-rates/
https://www.hellenicshippingnews.com/baltic-index-edges-lower-on-weaker-panamax-rates/Soybean cargoes have been gaining market share in the dry bulk shipping trade. In its latest weekly report, shipbroker Intermodal said that “soybeans have again emerged as one of the most influential variables for dry bulk demand, especially for Kamsarmax vessels that anchor the Brazil–China and US–China export corridors. Today’s combination of ongoing US–China trade ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-soybean-trade-gaining-market-share/
https://www.hellenicshippingnews.com/dry-bulk-shipping-soybean-trade-gaining-market-share/Manila-based port operator International Container Terminal Services Inc (ICTSI) is pressing ahead with a major expansion at Brazil’s Rio Brasil Terminal, committing R$948m ($175m) to lift capacity and modernise operations at the Port of Rio de Janeiro. The investment programme, running from 2025 to 2029, will increase annual capacity by more than 70%, from 440,000 …
https://splash247.com/ictsi-pours-175m-into-rio-terminal-expansion/
https://splash247.com/ictsi-pours-175m-into-rio-terminal-expansion/The Poseidon Principles, the shipping finance framework used by banks to track and disclose climate alignment, is widening its scope to bring more of the maritime finance world into the tent. Until now, the initiative has largely been the domain of ship lenders, lessors and financial guarantors. That is set to change. The Poseidon Principles …
https://splash247.com/poseidon-principles-opens-the-door-to-private-capital/
https://splash247.com/poseidon-principles-opens-the-door-to-private-capital/ABB and HDF Energy have signed a joint-development agreement (JDA) to develop a high-power fuel cell unit for marine applications.The agreement builds on an earlier Memorandum of Understanding (MoU) signed between ABB and HDF Energy in 2020…
https://www.marinelink.com/news/abb-hdf-energy-target-maritime-533496
https://www.marinelink.com/news/abb-hdf-energy-target-maritime-533496MISC and China Offshore Engineering & Technology Company have received the Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for their design of an ammonia floating production storage and offloading (FPSO) vessel.This innovative…
https://www.marinelink.com/news/abs-approves-misc-china-offshores-ammonia-533497
https://www.marinelink.com/news/abs-approves-misc-china-offshores-ammonia-533497Kongsberg Maritime has announced the introduction of two new sizes to its Underwater Mountable, Permanent Magnet (UUC PM) azimuth thruster range, expanding its offering for propulsion solutions for demanding offshore and marine operations.The…
https://www.marinelink.com/news/kongsberg-maritime-grows-uuc-pm-azimuth-533502
https://www.marinelink.com/news/kongsberg-maritime-grows-uuc-pm-azimuth-533502Ocean Infinity has reached a significant milestone with the delivery of the final vessel in its 14-vessel Armada fleet, featuring advanced underwater robotic systems capable of a wide range of data collection tasks.Over the past five years,…
https://www.marinelink.com/news/ocean-infinity-takes-delivery-final-533505
https://www.marinelink.com/news/ocean-infinity-takes-delivery-final-533505