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SONARAY, manufacturer of lighting products used in marine applications, has introduced its new line of LED flood lighting marketed as the Velocity series.The Velocity Flood Light Series joins the company's high-powered flood light offering and…
https://www.marinelink.com/news/sonaray-debuts-new-velocity-series-marine-512812
https://www.marinelink.com/news/sonaray-debuts-new-velocity-series-marine-512812Iron ore futures prices climbed on Monday to their highest in nearly two weeks, buoyed by hopes of potential measures to bolster the feeble steel industry in top consumer China and expectations of a wave of post-holiday restocking from the country’s steelmakers. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ...
https://www.hellenicshippingnews.com/iron-ore-nears-two-week-high-on-stimulus-bets-post-holiday-restocking/Ukraine, particularly in the last few months, has been exporting much more grain than anyone expected despite more than two years of war with neighboring Russia. This, combined with two bumper Russian wheat crops, has led to an enormous surplus of Black Sea grain shipments over the last two seasons compared with what was initially ...
https://www.hellenicshippingnews.com/black-sea-grain-exports-beating-early-market-ideas-by-substantial-degree-2/The Baltic Exchange’s dry bulk sea freight index slipped to its lowest level in nearly two months on Monday, pressured by weaker rates across all vessel segments. The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, shed 34 points or 2.1% to 1,594 points, its lowest since Feb. 15. ...
https://www.hellenicshippingnews.com/baltic-index-slips-to-near-2-month-low-on-weaker-vessel-rates/
https://www.hellenicshippingnews.com/baltic-index-slips-to-near-2-month-low-on-weaker-vessel-rates/Niels Josefsen is stepping down as chief executive of Danish handysize player Lauritzen Bulkers. The Copenhagen-based outfit said Josefsen has decided to retire allowing him to spend more time with his family and friends and on personal interests. The company’s board has launched the search for the next CEO, but Josefsen will remain in his …
https://splash247.com/niels-josefsen-to-step-down-at-lauritzen-bulkers/
https://splash247.com/niels-josefsen-to-step-down-at-lauritzen-bulkers/Further signs are emerging of how sanctions combined with Ukrainian drones are causing serious problems for the Russian oil exporting machine with advice issued today on how Washington could reduce the size of the so-called shadow fleet further. Research carried out by Craig Kennedy, who runs the Navigating Russia substack, suggests the shadow fleet is …
https://splash247.com/sanctions-and-drones-take-their-toll-on-russian-oil-exporting-machine/
https://splash247.com/sanctions-and-drones-take-their-toll-on-russian-oil-exporting-machine/Pan Ocean has been named as the owner of high-priced product tanker newbuilds at a competitor yard in South Korea. Brokers at Clarksons have identified the Harim Group-controlled diversified owner of more than 100 ships behind the order for a 50,000 dwt quartet at HD Hyundai Mipo. HD Korea Shipbuilding & Offshore Engineering, a holding …
https://splash247.com/pan-ocean-behind-pricey-tanker-order-at-hyundai-mipo/
https://splash247.com/pan-ocean-behind-pricey-tanker-order-at-hyundai-mipo/Denmark-based Cadeler has inked a firm long-term vessel deal with compatriot utility Ørsted for one of its wind farm installation newbuilds. Under the agreement, the BW Group and Scorpio-backed shipowner will provide Ørsted with a hybrid-design unit capable of installing both foundations and turbines. The Ørsted deal dates back to October 2022, when the duo …
https://splash247.com/cadeler-firms-up-long-term-vessel-deal-with-orsted/
https://splash247.com/cadeler-firms-up-long-term-vessel-deal-with-orsted/Norwegian open hatch bulker owner Gearbulk has contracted up to four ammonia and methanol-ready 82,300 dwt newbuilds and CSSC Huangpu Wenchong Longxue shipyard in China. The contract covers two firm vessels, with delivery in the first half of 2027 and an option for a further two units. The ships will be operated by G2 Ocean …
https://splash247.com/gearbulk-signs-for-up-to-four-bulkers-in-china/
https://splash247.com/gearbulk-signs-for-up-to-four-bulkers-in-china/Norwegian offshore-wind focused vessel owner Norwind Offshore has placed an order for a stand-alone fully electric crane from Seaonics for its newbuild vessel Norwind Helm.The order is for an ECMC 7t-3D crane, and follows the delivery of Seaonics'…
https://www.marinelink.com/news/norwind-offshore-orders-seaonics-512788
https://www.marinelink.com/news/norwind-offshore-orders-seaonics-512788