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This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal, copper, alumina, cobalt, lithium, nickel and steel and scrap. We also explore what the next few months could bring, from supply and demand shifts ...
https://www.hellenicshippingnews.com/asian-iron-ore-buyers-reassess-options-in-q3-as-key-pilbara-brands-degrade/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, rose for a third successive session on Wednesday, as gains in the panamax and supramax segments countered a decline in capesize rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, added 5 points, or ...
https://www.hellenicshippingnews.com/baltic-index-up-for-third-straight-session-on-strength-in-smaller-vessels/International Seaways has secured fresh financing to back its fleet renewal programme, tying up a credit deal worth up to $331.6m for six LR1 product carrier newbuildings in South Korea. The New York-listed tanker owner said the facilities, signed with DNB Bank and backed by Korea Trade Insurance Corporation (K-SURE), will partly fund the 73,600 …
https://splash247.com/international-seaways-locks-in-financing-for-lr1-newbuilds/
https://splash247.com/international-seaways-locks-in-financing-for-lr1-newbuilds/Greek tanker newcomer Venergy Maritime has doubled its orderbook at K Shipbuilding in South Korea, exercising options for two additional MR product carriers. The Vyron Vasileiadis-led company confirmed the deal on its website for two 50,000 dwt units, priced at about $48m each and adding to a pair of similar ships ordered at the yard …
https://splash247.com/venergy-boosts-mr-tanker-orderbook-in-south-korea/
https://splash247.com/venergy-boosts-mr-tanker-orderbook-in-south-korea/COSCO has moved ahead with a $360m sale-and-leaseback agreement involving one of the world’s largest LNG carriers, extending its ties with Japan’s Mitsui OSK Lines (MOL). COSCO Shipping Development, the financing arm of China’s state-controlled shipping giant, said its subsidiary Oriental Fleet is acquiring a 271,000 cu m QC-Max newbuilding from MOL’s unit. Delivery is …
https://splash247.com/cosco-seals-supersize-lng-carrier-leaseback-deal-with-mol/
https://splash247.com/cosco-seals-supersize-lng-carrier-leaseback-deal-with-mol/Shipping has not lost what Albrecht Grell describes as its “pragmatic scepticism”, but, says the managing director of OceanScore, this should be viewed as something that is healthy considering the limited resources in most shipping companies to toy around with immature solutions. “The change is that this scepticism is no longer leading to non-adoption,” Grell …
Himalaya Shipping is continuing its shift from index-linked earnings, converting two more newcastlemaxes to fixed-rate charters. The Tor Olav Troim-backed, Oslo-listed owner said the vessels will move onto fixed hire from October 1 until the end of the year. The two dual-fuel ships will earn an average of $38,700 per day, while also continuing to …
https://splash247.com/himalaya-switches-newcastlemax-brace-to-fixed-deals/
https://splash247.com/himalaya-switches-newcastlemax-brace-to-fixed-deals/South Korea’s HD Hyundai Heavy Industries has rolled out plans to merge with its affiliate HD Hyundai Mipo Dockyard by the end of the year, aiming to strengthen its position in the US naval and Arctic shipbuilding markets. The move comes after a Korea-US summit highlighted shipbuilding cooperation under the “Make American Shipbuilding Great Again” …
https://splash247.com/hd-hyundai-heavy-and-hyundai-mipo-to-merge/
https://splash247.com/hd-hyundai-heavy-and-hyundai-mipo-to-merge/Norwegian offshore vessel owner DOF has secured a long-term charter for the construction support vessel (CSV) Skandi Inventor in the Asia-Pacific region. The deal, signed with an unnamed international operator, runs for one year from January 2026 and includes extension options. DOF classifies the award as “substantial,” with an estimated value of between $25m and …
https://splash247.com/dof-scores-asia-pacific-vessel-deal/
https://splash247.com/dof-scores-asia-pacific-vessel-deal/American Bureau of Shipping (ABS) has issued classification to the Surveyor, a fully autonomous deepwater unmanned surface vehicle (USV), developed by Saildrone.At 20 meters long and capable of unmanned operations across all of the world’s oceans…
https://www.marinelink.com/news/abs-certifies-worlds-largest-classed-529355
https://www.marinelink.com/news/abs-certifies-worlds-largest-classed-529355