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New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter.The…
https://www.marinelink.com/news/orders-usmanufactured-goods-drop-light-526184
https://www.marinelink.com/news/orders-usmanufactured-goods-drop-light-526184North Korea has detained shipyard officials responsible for a recent major accident during the launch of a new warship, state media said over the weekend.The failed launch that crippled the 5,000-tonne warship was witnessed by leader Kim Jong…
https://www.marinelink.com/news/shipyard-officials-detained-north-korean-526186
https://www.marinelink.com/news/shipyard-officials-detained-north-korean-526186Kongsberg Maritime announced the launch of its new Tunnel Thruster type TTH, the Harmonised series, setting new standards in performance and reliability with a compact, modular design that allows for flexible installation and optimal integration…
https://www.marinelink.com/news/kongsberg-maritime-launches-tth-tunnel-526187
https://www.marinelink.com/news/kongsberg-maritime-launches-tth-tunnel-526187Fugro has been chosen by Jacobs to conduct a nearshore site investigation on Wake Island, a remote US territory located in the central Pacific between Hawaii and Guam. The isolated coral atoll serves as a key logistical and transport hub for the US Navy’s activities in the Indo-Pacific.
https://www.marinelink.com/news/jacobs-chooses-fugro-conduct-526188
https://www.marinelink.com/news/jacobs-chooses-fugro-conduct-526188AS Tallink Grupp has signed a charter agreement with Algeria’s state-owned company Madar Maritime Company for the cruise ship Romantika.Romantika will be chartered along with its technical crew for nine months starting Saturday, May 31. The…
https://www.marinelink.com/news/tallink-charters-cruise-ship-algeria-526189
https://www.marinelink.com/news/tallink-charters-cruise-ship-algeria-526189Emirates Global Aluminium's (EGA) subsidiary in Guinea has accumulated a stockpile of nearly two million metric tonnes of bauxite since the suspension of its operations last year, three sources familiar with the matter told Reuters on Tuesday.EGA, equally owned by Abu Dhabi sovereign wealth fund Mub
https://www.marinelink.com/news/guinea-bauxite-sockpile-nears-million-526190
https://www.marinelink.com/news/guinea-bauxite-sockpile-nears-million-526190Iron ore futures fell for a third straight session on Tuesday amid renewed market talk of crude steel production cuts in top consumer China, which has long been plagued by overcapacity. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 1.76% lower at 698.5 yuan ($97.16) a metric ...
https://www.hellenicshippingnews.com/iron-ore-extends-declines-on-talk-of-steel-production-cuts-in-china/Seanergy Maritime Holdings Corp., a leading pure-play Capesize shipping company, yesterday reported its financial results for the first quarter of 2025 and announced a quarterly cash dividend of $0.05 per common share—marking the 14th consecutive quarterly dividend under its capital return policy. For the quarter ended March 31, 2025, the Company generated Net Revenues of ...
https://www.hellenicshippingnews.com/seanergy-maritime-reports-first-quarter-net-revenues-of-24-2-million/The dry bulk market’s improvement has translated to higher dry bulkers’ values. In its latest weekly report, shipbroker Xclusiv said that “the relationship between spot market performance and asset values is a core theme in dry bulk shipping. By examining average monthly data from August 2015 to May 2025, including the Baltic S10TC and the ...
https://www.hellenicshippingnews.com/dry-bulkers-prices-on-the-rise-as-market-improves/
https://www.hellenicshippingnews.com/dry-bulkers-prices-on-the-rise-as-market-improves/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to a near two-week low on Tuesday on reduced demand for all vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 44 points, or 3.3%, to 1,296, its lowest since ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-two-week-low-as-rates-decline-across-segments/