ShipOracle News
ABB has been selected by Maine Department of Transportation (MaineDOT) to supply a comprehensive grid-to-propeller solution for the new double-ended, hybrid-electric ferry that will provide essential services between the town of Lincolnville…
https://www.marinelink.com/news/abb-provide-hybridelectric-propulsion-513188
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In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ahead…
https://www.marinelink.com/news/iron-ore-shipments-despite-weak-chinese-513189
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WinGD will record the first installation of its new X-S short-stroke engine design following successful factory acceptance tests with engine builder Dalian Marine Diesel in March.The six-cylinder, 62cm-bore 6X62-S2.0 engine will be installed…
https://www.marinelink.com/news/wingds-shortstroke-engine-passes-shop-513190
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ShipOracle News
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has signed a contract for the supply of cargo handling system for a new 12,500 m3 LNG bunkering vessel being built for Spanish shipowner Scale Gas, a subsidiary of Enagás.The order has been placed by the yard building the vessel…
https://www.marinelink.com/news/wrtsil-supply-cargo-handling-system-scale-513193
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ShipOracle News
Iron ore futures prices extended losses for a second straight session on Tuesday to their lowest level in nearly one week on signs of softening in the steel market due to subdued demand in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade down 1.91% ...
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ShipOracle News
China’s first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell. This divergence sets up a dilemma that can be resolved in a number of ways, including lower iron ore imports, a boost to steel output or a sustained rise in ...
https://www.hellenicshippingnews.com/chinas-strong-iron-ore-imports-diverge-from-weak-steel-output/
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“In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ahead,” says Filipe Gouveia, Shipping Analyst at BIMCO. During the start of the year, Brazilian ...
https://www.hellenicshippingnews.com/iron-ore-shipments-up-3-8-despite-weak-chinese-demand/
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According to the Capesize C3 South Atlantic overview provided in the image below, during the third week of April, there was a notable 4% decrease in ballast vessels bound for the South Atlantic, coupled with a significant surge of 72 vessels waiting to load. Analysis of forthcoming arrivals in the South Atlantic over the next ...
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ShipOracle News
The Baltic Exchange’s dry bulk sea freight index extended declines on Tuesday and touched its lowest level in a week, hurt by a slide in capesize vessel rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 78 points, or 4.1%, to 1,804 points, its lowest level since ...
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-low-on-capesize-weakness/
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ShipOracle News
Oslo-listed OSV pure play Golden Energy Offshore Services (GEOS) is getting a new majority shareholder after Oaktree Capital Management offloaded its stake for $39.5m. Fleetscape, a fund managed by Oaktree and closely associated with GEOS chairman Fredrik Ulstein and board member Guillaume Bayol, has sold 39.03% of its holding, corresponding to nearly 196m shares in …
https://splash247.com/geos-gets-new-majority-shareholder-as-oaktree-sells-out/
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