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Kitsap Transit has been awarded $1.2 million to design an all-electric, zero-emission fast ferry demonstration vessel and its accompanying shoreside charging infrastructure, the Washington State Department of Commerce announced. This funding…
https://www.marinelink.com/news/kitsap-transit-secures-funding-517206
https://www.marinelink.com/news/kitsap-transit-secures-funding-517206A threatened Oct. 1 strike by dockworkers at ports on the U.S. East Coast and Gulf of Mexico would immediately disrupt the flow of goods in the country, the North America chief executive of French container carrier CMA CGM said on Wednesday.The…
https://www.marinelink.com/news/us-port-strike-spark-supplychain-glitches-517209
https://www.marinelink.com/news/us-port-strike-spark-supplychain-glitches-517209Iron ore futures prices posted their biggest daily fall in nearly two years on Wednesday, weighed down by prospects of stronger global supply and weakening Chinese steel demand. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 4.12% lower at 675.0 yuan ($95.13) a metric ton, marking its steepest ...
https://www.hellenicshippingnews.com/iron-ore-posts-steepest-daily-fall-in-nearly-two-years/
https://www.hellenicshippingnews.com/iron-ore-posts-steepest-daily-fall-in-nearly-two-years/“Between January and August 2024, the number of recycled ships has dropped 42% y/y, the second lowest level in 16 years. The market has seen high freight rates and strong demand, delaying the recycling of older ships. On the supply side, the fleet has continued to grow slowly, limiting fleet renewal,” says Filipe Gouveia, Shipping Analyst ...
https://www.hellenicshippingnews.com/strong-dry-bulk-market-fuels-42-drop-in-ship-recycling/
https://www.hellenicshippingnews.com/strong-dry-bulk-market-fuels-42-drop-in-ship-recycling/The special focus this week is on the monthly quantity of soybeans and corn exported to China, comparing the current year’s shipments to the growth trends seen in the previous two years. Brazil continues to surpass the U.S. in terms of monthly shipments sent to China, maintaining a dominant position. However, both countries experienced a ...
https://www.hellenicshippingnews.com/grain-dry-bulk-flows-to-china/
https://www.hellenicshippingnews.com/grain-dry-bulk-flows-to-china/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday as the capesize segment hit its lowest in three weeks. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 11 points, or 0.6%, to 1,890. The capesize index dipped 66 ...
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-hits-three-week-low/
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-hits-three-week-low/Wah Kwong Maritime Transport has joined Tankers International, the world’s largest shipping pool for VLCCs. The UK-based VLCC pool operator said Hong Kong’s diversified shipowner has committed its 2013-built Hong Kong Spirit to its scrubber pool. The 318,700 dwt vessel joined the VLCC pool, which has an average fleet age of 11.2 years, in September. …
https://splash247.com/wah-kwong-enters-tankers-international-vlcc-pool/
https://splash247.com/wah-kwong-enters-tankers-international-vlcc-pool/Swedish shipowner Furetank has named Björn Stignor as the company’s new chief executive officer. Stignor will take the helm at the Höglund family-owned shipping company on October 1, succeeding long-serving supremo Lars Höglund who will continue as chairman of the board. After almost three decades of leadership, Höglund will continue his engagements in the company …
https://splash247.com/bjorn-stignor-taking-over-from-lars-hoglund-as-ceo-of-furetank/
https://splash247.com/bjorn-stignor-taking-over-from-lars-hoglund-as-ceo-of-furetank/Italy’s Saipem has won a new offshore contract worth around $2bn from Saudi Aramco, for the development of the Marjan field in Saudi Arabia. The work scope covers the engineering, procurement, construction and installation (EPCI) of wellhead platforms’ topsides, wellhead platforms’ jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fiber optic …
https://splash247.com/saipem-lands-2bn-contract-with-saudi-aramco/
https://splash247.com/saipem-lands-2bn-contract-with-saudi-aramco/Milan-listed product tanker owner and operator d’Amico International Shipping (DIS) has clinched a new charter deal for one of its MR2 vessels. The Carlos di Mottola-led company has fixed the unnamed tanker to “a reputable counterparty” for two years, starting at the end of September. The rate was not disclosed, but DIS said it was …
https://splash247.com/damico-scores-another-lucrative-tanker-charter/
https://splash247.com/damico-scores-another-lucrative-tanker-charter/