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China’s imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world’s second-biggest economy. But it’s probably more important to look at price trends when assessing the world’s biggest commodity importer’s inbound shipments of crude oil, liquefied natural gas (LNG), copper, iron ore and coal. The diverging ...
https://www.hellenicshippingnews.com/chinas-commodity-import-trend-driven-by-prices-not-economy/
https://www.hellenicshippingnews.com/chinas-commodity-import-trend-driven-by-prices-not-economy/The IMO’s enforcement of EEXI and CII regulations from January 1, 2023 marks a significant step in reducing greenhouse gas emissions from the maritime industry. As the regulations become stricter and the major impact expected post-2024, shipowners must proactively monitor and enhance their fleet’s emission profiles to ensure the commercial viability of their vessels. A ...
https://www.hellenicshippingnews.com/imo-ghg-regulations-to-squeeze-dry-bulk-supply/
https://www.hellenicshippingnews.com/imo-ghg-regulations-to-squeeze-dry-bulk-supply/Danish owner and operator Norden has sealed a deal to acquire Norwegian dry bulk operator Norlat Shipping. Founded in 1986, privately owned Norlat specialises in the shipment of forest products and other bulk commodities on trade routes from Northern Europe to North Africa and North America. The company has offices in Sarpsborg and Bergen in …
https://splash247.com/norden-buys-norlat-shipping/
https://splash247.com/norden-buys-norlat-shipping/Iran’s Islamic Revolutionary Guard Corps (IRGC) seized a product tanker after it left the Khor Al Zubair port in Iraq loaded with 1,500 tonnes of gas oil. Splash has received information that the tanker in question is the Togo-flagged Betelgeuse. The vessel is owned by the Marshall Islands-based company Madrigal Marine. The owner’s representative, Ahmad …
https://splash247.com/product-tanker-seized-off-iran/
https://splash247.com/product-tanker-seized-off-iran/Norwegian offshore vessel owner Sea1 Offshore, formerly Siem Offshore, has secured contract extension with marine geophysical services company PXGEO for its multi-purpose support vessel (MPSV) Siem Dorado.The current contract with PXGeo for…
https://www.marinelink.com/news/pxgeo-extends-siem-dorado-mpsvs-stay-515351
https://www.marinelink.com/news/pxgeo-extends-siem-dorado-mpsvs-stay-515351American Bureau of Shipping (ABS) and the United States Coast Guard Research and Development Center (USCG-RDC) signed a memorandum of understanding (MoU) as a stepping stone towards collaborative research and development on top-of-mind technologies…
https://www.marinelink.com/news/abs-us-coast-guard-rd-center-team-515352
https://www.marinelink.com/news/abs-us-coast-guard-rd-center-team-515352A tanker that fled the scene of a fiery Friday collision off Singapore entered the area of Malaysia's Bertam floating oil terminal on Monday after being tracked down and intercepted by Malaysian authorities, shipping data from LSEG and Kpler…
https://www.marinelink.com/news/oil-tanker-fled-collision-site-detained-515358
https://www.marinelink.com/news/oil-tanker-fled-collision-site-detained-515358Indonesian rescuers are searching for a cargo ship with 12 people on board that has been missing since last week off the easternmost Papua region, officials said on Monday.The cargo ship Cita XX is carrying equipment to build telecommunication towers and other infrastructure for the communications m
https://www.marinelink.com/news/rescuers-searching-cargo-ship-vanished-515359
https://www.marinelink.com/news/rescuers-searching-cargo-ship-vanished-515359There are many forces pushing stakeholders across the global maritime industry to decarbonize.In the U.S. inland waterways, regulations aren’t one of the main drivers—at least not at the moment, according to Mike Complita, principal and vice…
https://www.marinelink.com/news/towboats-pathways-decarbonization-515360
https://www.marinelink.com/news/towboats-pathways-decarbonization-515360Classification society ABS announced it has awarded approval in principle (AIP) to Houston-based CLS Wind for its innovative wind turbine assembly system.The patented elevator style assembly system promises easier, safer and faster wind turbine and nacelle installation and maintenance…
https://www.marinelink.com/news/abs-grants-aip-cls-winds-offshore-wind-515361
https://www.marinelink.com/news/abs-grants-aip-cls-winds-offshore-wind-515361