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Iron ore futures prices closed higher for a fifth straight session on Tuesday, buoyed by expectations of further stimulus after Beijing unveiled a $170 billion hydropower project to boost economic growth. The most-traded September iron ore contract on China’s Dalian Commodity Exchange traded 2.49% higher at 823 yuan ($114.72) a metric ton. The benchmark August ...
https://www.hellenicshippingnews.com/iron-ore-climbs-for-fifth-session-on-beijing-hydropower-stimulus/The Documentary Committee of the world’s largest shipping association, BIMCO, has adopted a standard clause aimed at addressing contractual uncertainties that may arise from the US Trade Representative’s notice of actions to impose fees on Chinese-related ships calling US ports. A BIMCO subcommittee comprising legal and commercial experts began working on the clause at the …
https://splash247.com/bimco-issues-clause-to-tackle-us-fees-on-china-linked-ships/
https://splash247.com/bimco-issues-clause-to-tackle-us-fees-on-china-linked-ships/Japan’s Mitsui OSK Lines (MOL) is consolidating its shipmanagement businesses under a single brand and location, aiming to streamline operations and enhance service quality across all vessel types. The Tokyo-headquartered shipping giant has renamed its Singapore-based LNG management arm, MOL LNG Ship Management, to MOL Global Ship Management (MOLGSM). The move marks the beginning of …
https://splash247.com/mol-launches-global-shipmanagement-arm/
https://splash247.com/mol-launches-global-shipmanagement-arm/Mobile Pulley, a manufacturer of pumps, dredging equipment, and heavy industrial components, has appointed Stirling Snow as its new Director of Engineering in Mobile, Alabama.Snow brings nearly a decade of hands-on experience in design and engineering…
https://www.marinelink.com/news/mobile-pulley-appoints-new-director-528180
https://www.marinelink.com/news/mobile-pulley-appoints-new-director-528180A new advanced simulation suite, supplied by technology group Wärtsilä, has been inaugurated at the maritime training institute Akademi Laut Malaysia (ALAM), the training arm of Malaysia International Shipping Corporation (MISC), a subsidiary…
https://www.marinelink.com/news/wrtsils-advanced-simulators-enhance-528181
https://www.marinelink.com/news/wrtsils-advanced-simulators-enhance-528181Alfa Laval announced that Martijn Bergink has been appointed President of the Marine Division, effective September 1, 2025. This is in addition to his current roles as President of Business Unit Pumping Systems in the Marine Division and Managing Director of Framo, an Alfa Laval-owned company.
https://www.marinelink.com/news/bergink-tapped-head-alfa-laval-marine-528183
https://www.marinelink.com/news/bergink-tapped-head-alfa-laval-marine-528183SANMAR delivered a new escort tug to Greek operator NEMECA to join its fleet of tugboat proving services in the ports of Piraeus, Thessaloniki, Corfu and Kavala.Named GAIA by its new owners, the tug is based on the exclusive-to-SANMAR RAstar…
https://www.marinelink.com/news/sanmar-shipyards-delivers-tug-greek-owner-528184
https://www.marinelink.com/news/sanmar-shipyards-delivers-tug-greek-owner-528184The Documentary Committee of BIMCO adopted a standard clause aimed at addressing contractual uncertainties that may arise from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships calling…
https://www.marinelink.com/news/new-bimco-clause-addresses-ustr-actions-528185
https://www.marinelink.com/news/new-bimco-clause-addresses-ustr-actions-528185BAR Technologies confirmed an order for its WindWings propulsion system to be installed on a pair of new LR2 dual-fuel tankers, marking one of the first confirmed large-scale wind propulsion deployments on this vessel class, building on the…
https://www.marinelink.com/news/dualfuel-lr-tankers-sport-wind-propulsion-528186
https://www.marinelink.com/news/dualfuel-lr-tankers-sport-wind-propulsion-528186Watson Farley & Williams (WFW) advised MPC Container Ships ASA (MPCC) on two transactions as part of the implementation of its fleet strategy.The first transaction was the order of four new 4,500 TEU container vessels from Chinese shipyard Taizhou…
https://www.marinelink.com/news/wfw-advises-mpcc-m-fleet-optimization-528187
https://www.marinelink.com/news/wfw-advises-mpcc-m-fleet-optimization-528187