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The Baltic Exchange’s main dry bulk sea freight index rose on Wednesday, aided by rising rates across all vessel segments with capesize hitting its highest level in over three weeks. The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 65 points, or 3.7%, to 1,844 points. The ...
https://www.hellenicshippingnews.com/baltic-index-gains-as-rates-firm-for-all-vessels-2/
https://www.hellenicshippingnews.com/baltic-index-gains-as-rates-firm-for-all-vessels-2/Hapag-Lloyd is being tipped to seek out further acquisition targets in order to remain in touching distance of the top names in liner shipping. Germany’s top carrier unveiled its medium-term business plans through to 2030, which include an aggressive fleet growth with the line’s CEO, Rolf Habben Jensen claiming the goals were the company’s “most …
https://splash247.com/hapag-lloyd-tipped-to-seek-out-acquisition-targets/
https://splash247.com/hapag-lloyd-tipped-to-seek-out-acquisition-targets/Japanese liner Ocean Network Express (ONE) has unveiled a reduced emissions shipping service designed to meet the shared decarbonisation goals of the shipping industry. The new shipping service, named ONE LEAF+, offers customers the opportunity to manage their emissions and minimise environmental impact across the value chain. The name is short for “low emission-able freight” …
https://splash247.com/one-launches-new-low-emission-shipping-service/
https://splash247.com/one-launches-new-low-emission-shipping-service/Malaysian tanker player AET has struck a deal to bring in a pair of LNG dual-fuel aframax newbuilds on long-term charter. Singapore-based logistics and tonnage provider Singfar Group has fixed its 115,000 dwt duo recently booked for construction at New Times Shipbuilding in China. The vessels will be delivered to AET in 2027. No further …
https://splash247.com/aet-locks-in-singfar-aframax-newbuilds/
https://splash247.com/aet-locks-in-singfar-aframax-newbuilds/Chinese bulker operator Jinhui Shipping and Transportation has chartered in a vessel under a long-term deal for the second time in less than a week. The Oslo- and Hong Kong-listed company has contracted a 2017-built newcastlemax True Neptune for at least 33 months from the Singapore-based Olam Maritime Freight. The Chinese firm does have an …
https://splash247.com/jinhui-bulks-up-with-newcastlemax-charter/
https://splash247.com/jinhui-bulks-up-with-newcastlemax-charter/Knutsen NYK Carbon Carriers (KNCC) has revealed a change in its top management with the promotion of chief technical officer Oliver Hagen-Smith. Hagen-Smith, who joined Knutsen in 2009, will take over as chief executive from Anders Lepsøe in May. Lepsøe will become the company’s chairman as well as head of NYK Group Europe in Norway. …
https://splash247.com/changes-at-the-top-at-knutsen-nyk-carbon-carriers/
https://splash247.com/changes-at-the-top-at-knutsen-nyk-carbon-carriers/Italian owner d’Amico International Shipping has signed a shipbuilding contract with Jiangsu New Yangzi Shipbuilding for the purchase of two new LR1 product tankers. The order was placed by the Italian firm’s Irish subsidiary, d’Amico Tankers. The price for each 75,000 dwt vessel will be $55.4m. According to the company, the two newbuilds are expected …
https://splash247.com/damico-orders-two-lr1-tankers-in-china/
https://splash247.com/damico-orders-two-lr1-tankers-in-china/UK-based offshore vessel designer Chartwell Marine has started the construction of its new Brevity Class crew transfer vessel (CTV) at the Diverse Marine shipyard, becoming the latest in its growing pipeline of new vessel builds to supply the…
https://www.marinelink.com/news/chartwell-marine-grows-ctv-build-pipeline-513021
https://www.marinelink.com/news/chartwell-marine-grows-ctv-build-pipeline-513021French engineering company GTT has received an order from an Asian shipyard for the tank design of eight new Liquefied Natural Gas Carriers (LNGCs).The order, booked in the second quarter of 2024, is on behalf of a Middle Eastern ship-owner.GTT will design the tanks of these eight vessels…
https://www.marinelink.com/news/gtt-books-tank-design-order-eight-new-lng-513023
https://www.marinelink.com/news/gtt-books-tank-design-order-eight-new-lng-513023“Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023,” says Niels Rasmussen…
https://www.marinelink.com/news/ill-effects-covid-wiped-m-teu-off-513024
https://www.marinelink.com/news/ill-effects-covid-wiped-m-teu-off-513024