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The medium range (MR) tanker sale and purchase sector is showing signs of heightened activity. A growing number of Korean-built MR tankers—both older and newer—are being put up for sale, leading to a saturated market of sale candidates. Yet, prices have held surprisingly steady, buoyed by persistent demand for tonnage. Japanese shipping giant Nippon Yusen …
https://splash247.com/mr-tanker-sales-candidates-proliferate/
https://splash247.com/mr-tanker-sales-candidates-proliferate/Mediterranean Shipping Company (MSC), the world’s largest containerline, has embarked on its most aggressive acquisition campaign of the year, snapping up more than 10 panamax and post-panamax vessels in May alone, according to sales registers and shipbrokers. The buying spree, described as the busiest of 2025 so far, includes a mix of chartered vessels MSC …
https://splash247.com/msc-spending-spree-leaps-higher/
https://splash247.com/msc-spending-spree-leaps-higher/A new shipyard in China’s Anhui province has won its first overseas orders. Zongyang Shipyard has clinched a deal with Singapore-based Winning International to build four 12,000 dwt deck cargo carriers. The greenfield site will deliver the ships in 2026 and 2027, according to Clarksons Research. No price has been revealed. Anhui P&S Sealand launched …
https://splash247.com/anhuis-dongfang-shipyard-reemerges-with-new-backers/
https://splash247.com/anhuis-dongfang-shipyard-reemerges-with-new-backers/China United Lines (CUL) is making the most of the boom times suddenly being seen on the transpacific, with news from Linerlytica, a consultancy, that it reenter the tradelane with the launch of its Trans Pacific West Coast 1 (TP1) service calling at Shekou, Ningbo, Qingdao, Long Beach, Shekou from June 7, using up to …
https://splash247.com/china-united-lines-reenters-booming-transpacific-trades/
https://splash247.com/china-united-lines-reenters-booming-transpacific-trades/Today, Wednesday, May 21 2025, the Baltic Dry Index decreased by 03 points, reaching 1337 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1337-down-03-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1337-down-03-points/Today, Thursday, May 22 2025, the Baltic Dry Index climbed by 04 points, reaching 1341 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1341-up-04-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1341-up-04-points/Today, Friday, May 23 2025, the Baltic Dry Index decreased by 01 points, reaching 1340 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1340-down-01-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1340-down-01-points/Prices of iron ore futures dropped on Monday on subdued steel consumption in top consumer China, while persistent weakness in the country’s real estate sector also dampened market sentiment. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 2.21% lower at 706.5 yuan ($98.47) a metric ton. Earlier ...
https://www.hellenicshippingnews.com/dalian-iron-ore-at-two-week-low-on-weak-china-steel-demand-property-gloom/The Liberian-flagged container ship MSC Elsa 3 has sunk approximately 38 nautical miles southwest of Kochi, with concerns growing over potential environmental fallout along Kerala’s coast. The 28-year-old, 184 m long vessel, en route from Vizhinjam to the Port of Cochin, began listing severely early Saturday. The ship, which carried 640 containers—including 13 with hazardous …
https://splash247.com/msc-ship-sinks-off-the-east-coast-of-india/
https://splash247.com/msc-ship-sinks-off-the-east-coast-of-india/France’s CMA CGM has penned an agreement with Saigon Newport Corporation (SNP) to develop a new $600m deepwater terminal in Haiphong, northern Vietnam. The deal covers the design, construction, and operation of the Lach Huyen terminals 7 and 8, located in Lach Huyen area in Haiphong. The terminal will have a capacity of 1.9m teu …
https://splash247.com/cma-cgm-signs-600m-vietnam-box-terminal-deal/
https://splash247.com/cma-cgm-signs-600m-vietnam-box-terminal-deal/