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China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.The memorandum…
https://www.marinelink.com/news/cosco-shipping-fortescue-build-green-fuel-515532
https://www.marinelink.com/news/cosco-shipping-fortescue-build-green-fuel-515532Finnish company Konecranes on Monday announced it is establishing a network of partners including steel structure providers and subcontractors to build port cranes in the United States in the coming years.The long-term plan was started as part of a series of initiatives from the U.S.
https://www.marinelink.com/news/konecranes-build-port-cranes-us-515533
https://www.marinelink.com/news/konecranes-build-port-cranes-us-515533Canada's largest shipbuilder, Davie, on Monday announced it will establish a shipbuilding presence in the United States.The Quebec-headquartered company's investment in a U.S. shipyard remains subject to final site and partner selection, Davie…
https://www.marinelink.com/news/davie-establish-shipbuilding-presence-us-515534
https://www.marinelink.com/news/davie-establish-shipbuilding-presence-us-515534The U.S. Navy christened the future USS Patrick Gallagher (DDG 127), during a ceremony on July 27, in Bath, Maine.The ship, built at General Dynamics Bath Iron Works, is the last of the Flight IIA Arleigh Burke-Class guided missile destroyers.The…
https://www.marinelink.com/news/us-navy-christens-future-uss-patrick-515535
https://www.marinelink.com/news/us-navy-christens-future-uss-patrick-515535Dalian iron ore futures prices pared earlier losses on Monday, buoyed by better-than-expected industrial data and hopes of stimulus measures from top consumer China this week, although adverse weather conditions capped gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.06% higher at 780.5 yuan ($107.59) a metric ...
https://www.hellenicshippingnews.com/dalian-iron-ore-pares-losses-on-better-china-data-stimulus-hopes/The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for a seventh consecutive session on Monday, weighed down by weaker rates for the capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 11 points, or 0.6%, to 1,797, ...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-for-seventh-straight-day-on-weaker-capesize-rates/A flag featuring the Union Jack of the United Kingdom has become a go-to register for Russian-linked ships. Gabon has been elbowed out by the Cook Islands in the top 30 flag leaderboard compiled by Clarksons Research, becoming a significant home for the so-called dark fleet of tankers trading Russian, Iranian, and Venezuelan oil. Splash …
https://splash247.com/dark-fleet-additions-see-cook-islands-become-a-top-30-flag/
https://splash247.com/dark-fleet-additions-see-cook-islands-become-a-top-30-flag/Subsea Integration Alliance, a non-incorporated tie-up between Subsea 7 and SLB’s OneSubsea has secured a new contract from UK supermajor BP for work on the Murlach development in the UK North Sea. The deal worth up to $150m covers the engineering, procurement, construction and installation of the subsea pipelines and production systems on the former …
https://splash247.com/subsea-7-and-slb-alliance-lands-new-contract-with-bp/
https://splash247.com/subsea-7-and-slb-alliance-lands-new-contract-with-bp/TFG Marine, Trafigura’s marine fuel supply joint venture with John Fredriksen’s Frontline and Golden Ocean Group, has inked a long-term time charter deal with Singapore’s Consort Bunkers for four newbuild bunker tankers capable of carrying methanol. The 6,500-dwt IMO type 2 units are currently under construction at China Merchant Jinling Shipyard and will be operated …
https://splash247.com/tfg-marine-signs-up-for-consort-methanol-bunkering-newbuilds/
https://splash247.com/tfg-marine-signs-up-for-consort-methanol-bunkering-newbuilds/Sweden’s Donsotank Rederi has returned to Wuhu Shipyard in China for an additional chemical tanker newbuild. The owner and operator of five tankers on the water and two dual-fuel tankers under construction has added a third 22,500 dwt unit to its orderbook at Wuhu, taking its series at the yard since late 2018 to five. …
https://splash247.com/donsotank-ups-chemical-tankers-order-tally-at-wuhu/
https://splash247.com/donsotank-ups-chemical-tankers-order-tally-at-wuhu/