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His Majesty King Willem-Alexander of The Netherlands will open the Seven Oceans Simulator center (SOSc) of MARIN, the Maritime Research Institute of the Netherlands, on Tuesday, May 28, 2024.The opening program takes place in the Shallow Water Basin, one of MARIN's test facilities for ship models.
https://www.marinelink.com/news/king-open-marins-seven-oceans-simulator-513233
https://www.marinelink.com/news/king-open-marins-seven-oceans-simulator-513233U.S. shipbuilder Philly Shipyard announced it has signed a memorandum of understanding (MOU) with the world's largest shipbuilding group, South Korea's HD Hyundai Heavy Industries (HHI), to explore a potential business relationship relating to future U.S.
https://www.marinelink.com/news/philly-shipyard-exploring-collaboration-513234
https://www.marinelink.com/news/philly-shipyard-exploring-collaboration-513234MB Shipbrokers, formerly known as Maersk Broker, and maritime engineering firm Azolla have started a strategic collaboration aimed at accelerating the decarbonisation efforts of ship owners, operators, and charterers. This partnership addresses the issues of technology, future fuels, regulations, and global standards, as it provides a comprehensive turnkey solution covering technical, commercial, and implementation considerations …
https://splash247.com/mb-shipbrokers-and-azolla-create-decarbonisation-solution-for-retrofits/
https://splash247.com/mb-shipbrokers-and-azolla-create-decarbonisation-solution-for-retrofits/A Liberian-flagged kamsarmax bulk carrier, YM Pioneer, ran aground last night in the area of Bahia Blanca port, Argentina. According to Independent Ship Agents of Buenos Aires, the 81,900 dwt is currently blocking the navigation channel, causing the Coast Guard to restrict traffic between buoy 11 and buoy 1. Initial attempts to refloat the vessel …
https://splash247.com/bulk-carrier-grounds-in-argentina/
https://splash247.com/bulk-carrier-grounds-in-argentina/President Joe Biden's administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year.The schedule will help companies, states and others…
https://www.marinelink.com/news/us-plans-offshore-wind-auctions-five-513204
https://www.marinelink.com/news/us-plans-offshore-wind-auctions-five-513204Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet. Prices of LNG delivered as marine fuel at the world's largest bunker hub Singapore are at steep…
https://www.marinelink.com/news/energy-transition-lng-prices-plummet-513205
https://www.marinelink.com/news/energy-transition-lng-prices-plummet-513205The United Kingdom Maritime Trade Operations (UKMTO) agency said on Wednesday that a merchant vessel and its crew were reported safe after an incident 72 nautical miles east southeast off the port of Djibouti.UKMTO said in an updated advisory note that the master of the vessel had reported an explos
https://www.marinelink.com/news/merchant-ship-crew-reported-safe-incident-513206
https://www.marinelink.com/news/merchant-ship-crew-reported-safe-incident-513206Australia’s Fortescue FMG.AX on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following a derailment of ore cars and weather disruptions that also led to a slight cut in its outlook for annual shipments. The world’s fourth-largest iron ore miner said it shipped 43.3 million metric tons of the steel-making commodity in the ...
https://www.hellenicshippingnews.com/fortescue-iron-ore-shipments-fall-short-after-derailment/
https://www.hellenicshippingnews.com/fortescue-iron-ore-shipments-fall-short-after-derailment/Prices of iron ore futures rebounded on Wednesday to the highest level in more than six weeks, aided by renewed hopes of improved steel demand in top consumer China and the prospect of lower supply after a major miner lowered its annual shipment outlook. The most-traded September iron ore contract on China’s Dalian Commodity Exchange ...
https://www.hellenicshippingnews.com/iron-ore-rebounds-to-six-week-high-on-renewed-china-demand-hopes-lower-shipments/The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for a third consecutive session on Wednesday, weighed down by weaker rates for the capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 30 points, or 1.7%, to ...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-on-falling-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-extends-losses-on-falling-capesize-rates/