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Chinese cruise operators are scrambling to avoid Japanese ports as Beijing and Tokyo engage in a diplomatic dispute, which is expected to spur demand for tourism in South Korea, according to sources and cruise schedules reviewed by Reuters.Tour and port agents said tensions…
https://www.marinelink.com/news/chinese-cruise-ships-avoid-japan-amidst-532762
https://www.marinelink.com/news/chinese-cruise-ships-avoid-japan-amidst-532762U.S. sanctions are dismantling what remains of Lukoil's Litasco, once Russia's biggest oil trader and a rival to top Swiss houses and oil majors, five sources told Reuters.The measures, which also target state-owned Rosneft, took effect on Friday…
https://www.marinelink.com/news/lukoil-trading-arm-falls-apart-us-532763
https://www.marinelink.com/news/lukoil-trading-arm-falls-apart-us-532763Discounts for Russian flagship Urals crude in Indian ports have tripled since August against dated Brent as U.S. sanctions drive key buyers away from Moscow-supplied oil, three sources involved in the trade said.The United States last month…
https://www.marinelink.com/news/russian-urals-discounts-india-triple-532764
https://www.marinelink.com/news/russian-urals-discounts-india-triple-532764The Royal Van Beest Group announced that it has acquired Enduro Softslings. Established ten years ago in The Netherlands, Enduro Softslings has secured a leading position in the lifting industry through its manufacturing capabilities, custom-made soft slings, and customer support.
https://www.marinelink.com/news/royal-van-beest-group-acquires-enduro-532765
https://www.marinelink.com/news/royal-van-beest-group-acquires-enduro-532765HII announced that its Newport News Shipbuilding division has delivered Virginia-class fast-attack submarine Massachusetts (SSN 798) to the U.S. Navy.Massachusetts is the 12th Virginia-class submarine delivered by NNS, and the 25th built as…
https://www.marinelink.com/news/hii-delivers-virginiaclass-submarine-532769
https://www.marinelink.com/news/hii-delivers-virginiaclass-submarine-532769HII’s Ingalls Shipbuilding division successfully completed the final round of sea trials for Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128). The Ingalls Test and Trials team spent several days in port and at sea conducting…
https://www.marinelink.com/news/hii-completes-acceptance-trials-destroyer-532770
https://www.marinelink.com/news/hii-completes-acceptance-trials-destroyer-532770Iron ore futures prices declined on Friday for a second straight session, weighed down by signs of softer demand and shrinking steel margins in top consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 0.32% lower at 785.5 yuan ($110.43) a metric ton. The benchmark December ...
https://www.hellenicshippingnews.com/iron-ore-extends-fall-on-softer-china-demand-set-for-second-weekly-gain/This week’s analysis examines iron ore freight market trends with a special focus on the emerging iron ore supply powerplay: Simandou’s Rise, Vale’s Moves, and BHP’s Growing Risk The Simandou project is advancing through key development milestones and is set to introduce a significant new stream of high-grade iron ore into the global market. Vale ...
https://www.hellenicshippingnews.com/dry-bulk-weekly-market-monitor-iron-ore-supply-powerplay-in-focus/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a nearly two-year high on Friday and was on course for a weekly gain, aided by an increase in larger vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-two-year-high-on-higher-larger-vessel-rates/In a recent weekly report, shipbroker Banchero Costa said that “soybeans are one of the most important dry bulk commodities, and account for almost 5 percent of all seaborne dry bulk trade. In the last calendar year, Jan-Dec 2024, total seaborne exports of soybeans declined by -5.0% year-onyear to 142.3 mln tonnes, according to vessel ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-brazils-soybean-exports-on-the-rise/
https://www.hellenicshippingnews.com/dry-bulk-shipping-brazils-soybean-exports-on-the-rise/