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Brazil continues to strengthen its position as China’s primary soybean supplier, with this dominance mainly attributed to the country’s record harvests, competitive pricing, and the absence of tariffs that continue to impact U.S. soybeans. Recent news revealed that China has lifted suspensions on five Brazilian soybean exporters, enhancing trade flows ahead of Brazilian President Lula ...
https://www.hellenicshippingnews.com/dry-weekly-market-monitor-soybean-dry-bulk-flows-brazil-to-china/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell for a second straight session on lower capesize and panamax vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 13 points, or 1.02%, to 1,267, its lowest since April ...
https://www.hellenicshippingnews.com/baltic-index-extends-declines-on-lower-capesize-panamax-rates/
https://www.hellenicshippingnews.com/baltic-index-extends-declines-on-lower-capesize-panamax-rates/Greek owner Minerva has bought the three-year-old, 1,781 teu Mindoro boxship from Germany’s Briese Schiffahrt for $31.5m. The sale makes a tidy profit for the German owner, who ordered the ship in 2021 for $26m, according to data from Alphaliner. The ship has been renamed Little Symphony and it remains on charter to Hapag-Lloyd through …
https://splash247.com/minerva-buys-another-modern-boxship/
https://splash247.com/minerva-buys-another-modern-boxship/Danish shipping giant Norden has decided to increase its multi-purpose (MPP) fleet by signing newbuilding leases with purchase options for two vessels. These two vessels are options to the recently signed deals for two identical vessels set to deliver in 2026. This latest pair of 17,500 dwt vessels is expected to be delivered in 2026 …
https://splash247.com/norden-exercises-option-for-two-more-mpps/
https://splash247.com/norden-exercises-option-for-two-more-mpps/European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting nearly 200 ships in the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The new round of sanctions, set to be adopted next week, comes as Moscow and Kyiv may hold their first peace …
https://splash247.com/eu-sanctions-target-nearly-200-russia-linked-ships/
https://splash247.com/eu-sanctions-target-nearly-200-russia-linked-ships/LS Eco Advanced Cables (LSEAC) has launched a five-week public consultation on its proposals to develop a high voltage cable production facility at the Port of Tyne for subsea electricity transmission, designed to transport clean energy generated…
https://www.marinelink.com/news/new-b-subsea-cables-factory-plan-set-525719
https://www.marinelink.com/news/new-b-subsea-cables-factory-plan-set-525719A methanol dual-fuel bulk carrier chartered by NYK Bulk & Projects Carriers, an NYK Group company, from KAMBARA KISEN was delivered at the TSUNEISHI Factory in Japan.At the naming ceremony, held on May 13, Yuko Tsutsui, Managing Executive Officer…
https://www.marinelink.com/news/nyk-group-welcomes-first-methanolfueled-525720
https://www.marinelink.com/news/nyk-group-welcomes-first-methanolfueled-525720American Bureau of Shipping (ABS) and HD Hyundai Heavy Industries (HHI) have signed a memorandum of understanding (MoU) that opens the door for joint development projects to develop international naval ships.With the goal of achieving approval in principle…
https://www.marinelink.com/news/abs-hd-hyundai-collaborate-naval-525723
https://www.marinelink.com/news/abs-hd-hyundai-collaborate-naval-525723With the 500th tug designed by Robert Allan and equipped with SCHOTTEL propulsion systems, the Canadian naval architect and German propulsion specialist companies have now reached a very special milestone in their long-standing partnership.Tug number 500 is one of a pair for KOTUG Canada…
https://www.marinelink.com/news/robert-allan-schottel-teamwork-hits-tugs-525724
https://www.marinelink.com/news/robert-allan-schottel-teamwork-hits-tugs-525724HamiltonJet’s latest innovation – the LTX waterjet – has moved from initial design to commercial reality, with the first LTX36 jets commissioned on a 20-m passenger ferry in The Netherlands.The vessel Inselexpress 2, built by Next Generation Shipyard…
https://www.marinelink.com/news/hamiltonjet-ltx-waterjets-suited-525725
https://www.marinelink.com/news/hamiltonjet-ltx-waterjets-suited-525725