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It’s trite (but true) to say that in the maritime industry’s quest to cut emissions, there is no ‘silver bullet’ solution, rather a series of small step changes that cumulatively add up over time. Maritime Matters: The Marinelink Podcast, recently hosted Giuseppe Gargiulo…
https://www.marinelink.com/news/msc-taps-digital-revolution-cut-fleet-530105
https://www.marinelink.com/news/msc-taps-digital-revolution-cut-fleet-530105Iron ore futures prices rebounded on Tuesday, supported by improving steel output in China, while gains in steel benchmarks reflected improving sentiment despite weak housing data. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.82% higher at 803.5 yuan ($112.94) a metric ton. The benchmark September iron ore on the ...
https://www.hellenicshippingnews.com/iron-ore-rebounds-amid-recovery-in-chinese-steel-production/
https://www.hellenicshippingnews.com/iron-ore-rebounds-amid-recovery-in-chinese-steel-production/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, held steady near a two-month high, as gains in capesize vessel rates countered declines in smaller vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 1 point to 2,154 points, ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-2-month-high-on-capesize-gains/
https://www.hellenicshippingnews.com/baltic-index-hits-near-2-month-high-on-capesize-gains/Newbuilding ordering activity rose last week, with more owners contracting vessels. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Greek company Danaos Shipping placed an order of 2 x 7,500 teu carriers to China’s Dalian Shipbuilding. The price for each vessel is $80 mln and deliveries are set for ...
https://www.hellenicshippingnews.com/newbuilding-orders-on-the-rise-3/
https://www.hellenicshippingnews.com/newbuilding-orders-on-the-rise-3/The Australian state of Victoria has pushed back the upcoming offshore wind auction in Gippsland. The offshore wind auction was meant to be held this month. However, the state government has opted to delay it until at least the end of the year. Offshore wind developers will use the auction to bid for government support …
https://splash247.com/australian-state-pushes-back-offshore-wind-auction/
https://splash247.com/australian-state-pushes-back-offshore-wind-auction/Saudi oil and gas driller ADES has made an improved offer to buy all issued and outstanding shares of Dubai-based Shelf Drilling. ADES and Shelf Drilling agreed on revised terms of the proposed merger whereby the cash consideration is increased to NOK 18.50 ($1.89) per share. This revised cash consideration has received irrevocable pre-commitments, with …
https://splash247.com/ades-makes-improved-offer-for-shelf-drilling/
https://splash247.com/ades-makes-improved-offer-for-shelf-drilling/Gian Enzo Duci, managing director of Oceanly, discusses how to buy into maritime tech. Shipping has always been a costs-driven business. The winners aren’t those who spend the most, but those who spend wisely. In a market defined by thin margins and brief profit spikes, timing is everything. For shipowners, this tension is nothing new. …
https://splash247.com/why-smart-investment-beats-early-experimentation/
https://splash247.com/why-smart-investment-beats-early-experimentation/ZIM Integrated Shipping Services has hired Wall Street advisory house Evercore to trawl for alternative buyers, as early signals from CEO Eli Glickman and long-time shipping investor Rami Unger have failed to satisfy the board’s valuation expectations. According to Israeli financial title Calcalist, Glickman and Unger are exploring a take-private transaction for the Haifa-headquartered liner. …
https://splash247.com/race-for-zim-tipped-to-widen/
https://splash247.com/race-for-zim-tipped-to-widen/Hanwha Ocean, one of the leading shipbuilders in South Korea, has awarded ABB the contract to supply a complete electric power and propulsion system for Singapore’s first floating liquefied natural gas (LNG) terminal.ABB ’s integrated electrical…
https://www.marinelink.com/news/hanwha-ocean-enlists-abb-singapores-first-530058
https://www.marinelink.com/news/hanwha-ocean-enlists-abb-singapores-first-530058The Digitally Enabled Efficient Propeller (D.E.E.P) project, led by industry consortium and funded by Innovate UK, has been launched to investigate the development of a new generation of marine propellers produced using advanced additive manufacturing (AM) processes…
https://www.marinelink.com/news/deep-project-assess-nextgen-additive-530061
https://www.marinelink.com/news/deep-project-assess-nextgen-additive-530061