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Iron ore futures prices fell on Tuesday, pressured by weak China manufacturing data, but logged solid quarterly gains as robust export-driven rallies in July and August outweighed recent declines. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.64% lower at 780.5 yuan ($109.58) a metric ton. The contract ...
https://www.hellenicshippingnews.com/iron-ore-futures-fall-on-weak-china-data-but-log-quarterly-gains/China’s state iron ore buyer has asked the country’s steelmakers and traders to pause purchases of dollar-denominated seaborne iron ore cargoes from BHP BHP during its annual price negotiations, Bloomberg News reported on Tuesday, citing people familiar with the matter. China, the world’s largest iron ore consumer, buys about 75% of global seaborne iron ore ...
https://www.hellenicshippingnews.com/china-calls-halt-to-bhp-iron-ore-cargoes-during-pricing-talks/
https://www.hellenicshippingnews.com/china-calls-halt-to-bhp-iron-ore-cargoes-during-pricing-talks/The Baltic Exchange’s dry bulk sea freight index fell to a more than two-week low on Tuesday as vessel rates declined across the board, even as the index marked a second consecutive quarterly gain. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 86 points to 2,134 points, its ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-two-week-low-but-posts-quarterly-gain/
https://www.hellenicshippingnews.com/baltic-index-hits-over-two-week-low-but-posts-quarterly-gain/Erasmus Shipinvest Group is continuing its buying spree, with new moves in the container segment. Brokers link the Athens-based owner to the 1,050 teu Asiatic Sun (built 2008), which is reportedly being sold to the John Su-led firm on private terms. If confirmed, it would be the company’s fifth feeder acquisition in under a year, …
https://splash247.com/busy-erasmus-buys-feeder-boxship/
https://splash247.com/busy-erasmus-buys-feeder-boxship/Danish shipowner and operator Norden has confirmed the disposal of a panamax bulker, extending a busy run in the sale-and-purchase market this year. The Copenhagen-listed company said it exercised a purchase option on the leased vessel and subsequently sold it on. Norden did not disclose details of the ship or the buyer. The move is …
https://splash247.com/norden-flips-leased-panamax-in-latest-sp-move/
https://splash247.com/norden-flips-leased-panamax-in-latest-sp-move/Norway’s AF Gruppen has, through its subsidiary AF Offshore Decom, and in a joint venture with Three60 Energy, been awarded a contract with supermajor BP to provide decommissioning services for the Andrew field in the North Sea. This contract will see the joint venture assume the role of decommissioning services partner for the field, located on …
https://splash247.com/bp-awards-andrew-field-decom-gig-to-af-gruppen-led-joint-venture/
https://splash247.com/bp-awards-andrew-field-decom-gig-to-af-gruppen-led-joint-venture/Swiss marine power company WinGD will offer the first ethanol-fuelled two-stroke marine engine next year, with deliveries for newbuild and retrofit applications set to begin in 2027. The announcement follows a decade of investigation into ethanol fuel and the successful launch of a methanol-fuelled engine that uses the same combustion concept and is subject to …
https://splash247.com/wingd-to-launch-first-ethanol-two-stroke-marine-engine-in-2026/
https://splash247.com/wingd-to-launch-first-ethanol-two-stroke-marine-engine-in-2026/Belgian marine contractor Jan De Nul has ordered a rock installation vessel, specifically built to strengthen the protection of offshore energy and subsea data infrastructure.The vessel, named George W. Goethals, will be the company’s largest rock installation ship to date…
https://www.marinelink.com/news/jan-de-nul-orders-largest-rock-530553
https://www.marinelink.com/news/jan-de-nul-orders-largest-rock-530553Technology group Wärtsilä has signed a ten-year lifecycle agreement with Hong Kong-based OPearl LNG Ship Management covering a total of 14 LNG carrier vessels.The agreement is designed to ensure the vessels’ maximum operational reliability by…
https://www.marinelink.com/news/wrtsil-safeguard-ops-opearls-lng-carriers-530554
https://www.marinelink.com/news/wrtsil-safeguard-ops-opearls-lng-carriers-530554Swiss marine power company WinGD will offer the first ethanol-fueled two-stroke marine engine next year, with deliveries for newbuild and retrofit applications starting in 2027.The announcement follows a decade of investigation into ethanol fuel…
https://www.marinelink.com/news/wingds-ethanolfueled-twostroke-marine-530559
https://www.marinelink.com/news/wingds-ethanolfueled-twostroke-marine-530559