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Stena Line strengthened its position in the Baltic Sea by acquiring NLC Ferry Ab Oy/Wasaline and taking over operations of the ferry route between Umeå in Sweden and Vaasa in Finland.“It is with great joy and enthusiasm that we at Stena Line…
https://www.marinelink.com/news/stena-line-acquires-wasaline-531965
https://www.marinelink.com/news/stena-line-acquires-wasaline-531965Iron ore futures prices softened on Monday, weighed down by declining steel production in China, rising port inventories, and concerns over weakening downstream demand. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) fell 1.82% to 782.5 yuan($109.86) a metric ton. The benchmark December iron ore on the Singapore Exchange was 1.59% ...
https://www.hellenicshippingnews.com/iron-ore-slips-on-declining-steel-production-rising-inventories-in-china/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, fell to a more than three-week low on Monday, pressured by weaker vessel rates across all segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 21 points, or 1.1%, to 1,945 points, its ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-three-week-low-as-vessel-rates-weaken-across-segments/New York-listed shuttle tanker owner KNOT Offshore Partners (KNOP) has received a buyout proposal from its parent company, Knutsen NYK Offshore Tankers AS (KNOT), aiming to acquire all publicly held common units and take the New York-listed partnership private. The unsolicited, non-binding offer proposes a cash consideration of $10 per common unit, to be executed …
https://splash247.com/knot-moves-to-take-knot-offshore-partners-private/
https://splash247.com/knot-moves-to-take-knot-offshore-partners-private/Nordic American Tankers (NAT) is heading back to South Korea for fresh tonnage, with a letter of intent signed for two suezmax newbuilds worth about $86m apiece. The Herbjørn Hansson-led company said deliveries are planned for the second half of 2028, with a final shipbuilding contract expected to be sealed in early 2026. NAT last …
https://splash247.com/nordic-american-tankers-readies-suezmax-newbuilds-in-south-korea/
https://splash247.com/nordic-american-tankers-readies-suezmax-newbuilds-in-south-korea/The Dutch authorities have received no bids for its 1GW Nederwiek 1-A offshore wind site in the North Sea. The site, which covers an area of around 150 sq km, some 95 km off the coast of Texel, was already reduced from 2GW to decrease the investment required and the financial risks to developers. Regardless, …
https://splash247.com/developers-shun-dutch-1gw-offshore-wind-auction/
https://splash247.com/developers-shun-dutch-1gw-offshore-wind-auction/Ineffective coordination and monitoring by the crew and harbour pilots on board the container ship Maersk Shekou contributed to its collision with the tall ship Leeuwin II in the Port of Fremantle, the Australian Transport Safety Bureau (ATSB) has found.The 333-metre…
https://www.marinelink.com/news/ineffective-bridge-resource-management-531887
https://www.marinelink.com/news/ineffective-bridge-resource-management-531887The European Anti-Fraud Office (OLAF) led a large-scale joint customs operation, NOXIA II, successfully targeting shipments suspected of containing illicit cigarettes, waste, drug precursors, and pesticides.The operation led to the coordinated…
https://www.marinelink.com/news/millions-cigarettes-seized-multination-531889
https://www.marinelink.com/news/millions-cigarettes-seized-multination-531889The Pakistan Navy expects its first Chinese-designed submarine to enter active service next year, the country's top admiral told Chinese state media, bolstering Beijing's bid to counter regional rival India and project power toward the Middle…
https://www.marinelink.com/news/pakistan-eyes-launch-first-chinese-531891
https://www.marinelink.com/news/pakistan-eyes-launch-first-chinese-531891The Baltic Exchange’s Dry Index declined in October, and the slowdown is increasingly presenting itself via tonnages of various sizes and types across the Indian sub-continent ship recycling landscape, says cash buyer GMS.This is especially…
https://www.marinelink.com/news/ship-recycling-remains-sluggish-531892
https://www.marinelink.com/news/ship-recycling-remains-sluggish-531892