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The ocean container shipping market reached a tipping point in July, with long term rates on major fronthaul trades showing signs of life just as spiraling short term rates begin to soften.The Xeneta Global XSI®, which covers all valid long term contracts in the market…
https://www.marinelink.com/news/xeneta-ocean-container-shipping-market-515595
https://www.marinelink.com/news/xeneta-ocean-container-shipping-market-515595Ocean Safety will be launching an addition to its man overboard Jon Buoy range - the Jon Buoy Recovery Module MK 6 Valise - at SMM 2024 in September.Suited to bulkhead stowage, the Jon Buoy Recovery Module MK 6 Valise is a full man overboard…
https://www.marinelink.com/news/ocean-safety-launching-addition-jon-buoy-515596
https://www.marinelink.com/news/ocean-safety-launching-addition-jon-buoy-515596Rand Logistics, a dry bulk shipping group operating on the Great Lakes, announced on Wednesday that it has reached a deal to acquire Andrie from Auxo Investment Partners, marking the company's expansion into liquid bulk shipping. Financial terms were not disclosed.Andrie…
https://www.marinelink.com/news/rand-logistics-acquires-andrie-515577
https://www.marinelink.com/news/rand-logistics-acquires-andrie-515577Crowley on Wednesday announced it has taken delivery of the liquefied natural gas (LNG) bunker barge Progress, the largest U.S. Jones Act-compliant vessel of its kind, after construction was completed at Fincantieri Bay Shipbuilding in Sturgeon Bay…
https://www.marinelink.com/news/bay-shipbuilding-delivers-us-largest-lng-515583
https://www.marinelink.com/news/bay-shipbuilding-delivers-us-largest-lng-515583The Baltic Exchange's dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, slipped to its lowest level in three months on Tuesday, weighed down by lower rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shippi
https://www.marinelink.com/news/baltic-dry-index-slides-threemonth-low-515584
https://www.marinelink.com/news/baltic-dry-index-slides-threemonth-low-515584Italian shipbuilder Fincantieri reported a 16% jump in first-half earnings to 214 million euros ($231.31 million) and a six-fold increase in its order book to 7.6 billion euros, mainly driven by the cruise and defense sectors.Revenues remained stable at 3.68 billion euros, as shipbuilding revenue, a
https://www.marinelink.com/news/shipbuilder-fincantieri-reports-rise-h-515585
https://www.marinelink.com/news/shipbuilder-fincantieri-reports-rise-h-515585Norwegian Cruise Line Holdings on Wednesday raised its annual profit forecast for a third time this year, riding on sustained demand for luxury voyages and higher ticket prices.With people continuing to splurge on experiences and services over discretionary goods…
https://www.marinelink.com/news/norwegian-cruise-line-boosts-profit-515587
https://www.marinelink.com/news/norwegian-cruise-line-boosts-profit-515587The all-electric tugboat HaiSea Wamis is the first of HaiSea Marine’s five new eco-friendly tugs to travel from North Vancouver to the company's base of operations in Kitimat.A team of eight Haisla members piloted the HaiSea Wamis home, marking a milestone for HaiSea Marine…
https://www.marinelink.com/news/electric-tug-haisea-wamis-arrives-kitimat-515591
https://www.marinelink.com/news/electric-tug-haisea-wamis-arrives-kitimat-515591Dalian iron ore futures closed slightly lower on Wednesday after drifting in a narrow range, as market participants weighed weak economic data from top consumer China against hopes of further monetary stimulus following a key Politburo meeting. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.13% lower at ...
https://www.hellenicshippingnews.com/dalian-iron-ore-futures-close-slightly-lower-on-weak-china-data/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dipped for the ninth straight session on Wednesday as rates for all vessel segments weakened. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 54 points, or 3.1%, to 1,708, hitting its ...
https://www.hellenicshippingnews.com/baltic-index-drops-for-ninth-straight-session-on-weaker-vessel-rates/