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Unified Command dive teams have recovered the body of a missing person at the Key Bridge incident site in Baltimore.The recovered individual was identified as 38-year-old Maynor Yasir Suazo-Sandoval.Unified Command salvage dive teams located…
https://www.marinelink.com/news/divers-recover-body-baltimore-512772
https://www.marinelink.com/news/divers-recover-body-baltimore-512772Sagitta Marine Managing Director Thomas Zaidman thinks the Handysize and Supramax segments could see positive fortunes for the balance of 2024 thanks to firm demand and lingering market risks. He told the recent Marine Money Panama conference that in the smaller ship space this year he expects to see “volatility due to political risk, together ...
https://www.hellenicshippingnews.com/sagitta-marine-forecasts-volatility-and-opportunity-for-small-bulker-sector/The Baltic Exchange’s main sea freight index dropped to a one-month low on Tuesday, dragged down by weakness across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 134 points, or 6.3%, to 1,989 points, its lowest level since Feb. 27. The capesize index lost ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-one-month-low-as-rates-drop-for-all-segments/South Africa, one of the major exporters of iron ore, managed to halt the decline of the past few years, during the course of 2023. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings of iron ore increased ...
https://www.hellenicshippingnews.com/south-africas-iron-ore-exports-stabilized-in-2023/
https://www.hellenicshippingnews.com/south-africas-iron-ore-exports-stabilized-in-2023/Iron ore futures prices extended losses on Wednesday to their lowest levels in more than one week, pressured by persistent concerns about demand in top consumer China amid a lack of significant policy measures to boost steel uptake. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 3.53% lower ...
https://www.hellenicshippingnews.com/iron-ore-slides-to-over-one-week-low-on-lingering-china-demand-concerns/China reduced its intake of Russian coal during the first quarter of the year, while Australia saw a surge in its export volume compared to the previous year’s lows, particularly noticeable in the January to March period. In the closing days of March, there has been a discernible softening of momentum in the Capesize Brazil ...
https://www.hellenicshippingnews.com/dry-bulk-coal-flows-to-china-saw-an-increase-in-australian-coal-as-opposed-to-russian-coal/The Baltic Exchange’s main dry bulk sea freight index on Wednesday fell for the seventh consecutive session to its lowest levels in more than a month, hurt by declining rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 144 points, or 7.2%, to ...
https://www.hellenicshippingnews.com/baltic-index-slides-for-seventh-straight-sessions/
https://www.hellenicshippingnews.com/baltic-index-slides-for-seventh-straight-sessions/Iron ore futures were mixed on Thursday, with China’s Dalian contract falling for a third consecutive day, hurt by aslow start to China’s construction season and higher supply from Brazil. The most-traded May iron ore on the Dalian Commodity Exchange DCIOcv1 closed 1.9% lower at 797 yuan ($110.27) per metric ton. However, the benchmark April ...
https://www.hellenicshippingnews.com/dalian-iron-ore-falls-for-third-straight-day-on-china-demand-concerns/The Baltic Exchange’s main dry bulk sea freight index extended declines on Thursday to post its worst week since early January, pressured by weaker rates across all segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 24 points, or 1.3%, to 1,821 points, its lowest level since ...
https://www.hellenicshippingnews.com/baltic-index-posts-worst-week-in-more-than-two-months/
https://www.hellenicshippingnews.com/baltic-index-posts-worst-week-in-more-than-two-months/Demand for dry bulkers remained strong during the first quarter, as shown by the increase in the number of deals reported. In its latest weekly report, shipbroker Xclusiv said that “during the first 3-months of 2024, dry bulk S&P activity was brisk, with over 220 vessels changing hands. This represents a nearly 35% increase compared ...
https://www.hellenicshippingnews.com/dry-bulk-second-hand-sales-grew-by-35-during-the-first-quarter-of-2024/