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Capesize The Capesize market remained in negative territory throughout the short week, with limited signs of recovery across both basins. The BCI 5TC fell by $3,072 week-on-week, closing at $14,169 on Friday. A trans-Atlantic voyage reported midweek featured a shorter duration but yielded a low timecharter equivalent value. Consequently, the C8 route settled at $13,071, ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-stayed-in-negative-territory-last-week/Two Naval Undersea Warfare Center (NUWC) Division Newport engineers have won American Society of Naval Engineers (ASNE) awards for 2024. Michael Connelly, technical project manager for the Undersea Warfare Platforms and Payload Integration Department, is the winner of the Frank C.
https://www.marinelink.com/news/two-nuwc-division-newport-employees-win-525563
https://www.marinelink.com/news/two-nuwc-division-newport-employees-win-525563Finnish police said on Friday that a probe into the rupture in 2023 of a gas pipeline in the Baltic Sea is still ongoing and that cooperation with China has continued over the damage believed to have been caused by a Hong Kong-flagged vessel.The South China Morning Post reported on Thursday that the
https://www.marinelink.com/news/finland-police-continue-probe-gas-525565
https://www.marinelink.com/news/finland-police-continue-probe-gas-525565U.S. federal regulators recommended in a final environmental report that Venture Global's proposed CP2 liquefied natural gas export project in Louisiana get the go-ahead, according to a government document filed on Friday.If constructed, CP2 will be the single largest LNG export facility in the U.S.
https://www.marinelink.com/news/us-regulators-recommend-venture-globals-525566
https://www.marinelink.com/news/us-regulators-recommend-venture-globals-525566GCE Ocean Technology is strengthening its team with the appointment of Gisle Nondal as Chief Operating Officer (COO).He joins the cluster from his role as Head of Business Development and agriculture at the City of Bergen and will now take on…
https://www.marinelink.com/news/gce-ocean-technology-appoints-new-coo-525567
https://www.marinelink.com/news/gce-ocean-technology-appoints-new-coo-525567Hayley Williams, Curriculum Development Manager at Pembrokeshire College, has been recognized for her contribution to Wales’ marine energy sector.Ms Williams was announced as the recipient of the second ever ‘Ysbryd Y Môr’ award at the annual…
https://www.marinelink.com/news/pembrokeshire-college-curriculum-525568
https://www.marinelink.com/news/pembrokeshire-college-curriculum-525568The Panama Canal Administrator, Dr. Ricaurte Vásquez Morales, delivered the 43rd Annual William A. Patterson Distinguished Transportation Lecture at Northwestern University this week, in which he laid out the crucial role the Panama Canal has…
https://www.marinelink.com/news/panama-canal-administrator-outlines-525571
https://www.marinelink.com/news/panama-canal-administrator-outlines-525571Silverback Marine has announced its partnership with Sweden-based company PETESTEP to develop a high-performance law enforcement boat for the New Mexico State Parks Rangers.The patented PETESTEP technology differs from the SPRAYWATER shape and traditional stepped hulls.
https://www.marinelink.com/news/silverback-marine-contracted-build-first-525572
https://www.marinelink.com/news/silverback-marine-contracted-build-first-525572Iron ore futures traded in a tight range on Friday as investors weighed prospects of easing Sino-U.S. trade tensions against seasonally weak demand from top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 0.57% lower at 696 yuan ($96.06) a metric ton, clocking a drop ...
https://www.hellenicshippingnews.com/iron-ore-rangebound-on-slow-demand-and-ahead-of-sino-us-trade-talks/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell to a more than two-week low on Friday and logged a weekly fall, as weak rates in capesize and panamax segments weighed. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost ...
https://www.hellenicshippingnews.com/baltic-index-falls-posts-weekly-decline-on-lower-capesize-panamax-rates/