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The Trump announcement of tariffs on nations currently exporting various grades of the metal to the US is unquestionably set to dampen global steel prices and ship recycling sentiment across the Indian sub-continent, reports cash buyer GMS.“Every week is now intent on bringing with it…
https://www.marinelink.com/news/steel-tariff-set-dampen-ship-recycling-526372
https://www.marinelink.com/news/steel-tariff-set-dampen-ship-recycling-526372Offshore support vessel owner Tidewater has picked up a new contract for one of its platform supply vessels in the UK sector of the North Sea. Offshore brokers report the 2007-built North Promise has been fixed on supply duties for 12 months to TotalEnergies. No dayrates have been disclosed for the contract starting in June, …
https://splash247.com/tidewater-clinches-totalenergies-psv-fixture/
https://splash247.com/tidewater-clinches-totalenergies-psv-fixture/Norway’s Aker Solutions has secured more work from Dragados Offshore, picking up a contract to build steel substructure for the BalWin2 high-voltage direct current (HVDC) converter station, part of the 2 GW offshore wind grid connection system in Germany. The BalWin2 project is being developed by Amprion Offshore. The contract, valued between NOK1.5bn ($147m) and …
https://splash247.com/aker-solutions-seals-second-deal-for-german-offshore-wind-project/
https://splash247.com/aker-solutions-seals-second-deal-for-german-offshore-wind-project/Splash reaches for its crystal ball in launching Ship Concept 2035, a magazine delegates attending Nor-Shipping can pick up for free. To assess the design of tomorrow’s ships our reporters factored in incoming regulations, the runners and riders in the future fuel race, changing seafarer skillsets, port constraints, shipyards, connectivity, and artificial intelligence. The shipping …
https://splash247.com/how-ships-will-look-in-10-years-time/
https://splash247.com/how-ships-will-look-in-10-years-time/Vietnamese shipping and logistics company Hai An Transport and Stevedoring has launched a new fleet expansion programme with the order of up to four containerships from Chinese builder Jiangsu New Yangzi Shipbuilding. The deal includes two firm vessels and two optional units, each with a capacity of 3,000 teu. One of the two firm units …
https://splash247.com/vietnams-hai-an-transport-orders-up-to-four-boxships-in-china/
https://splash247.com/vietnams-hai-an-transport-orders-up-to-four-boxships-in-china/China Huarong Financial Leasing has inked a newbuilding contract with Wuhu Shipyard for the construction of three diesel-electric chemical tankers. The 6,600 dwt vessels came with a price tag of RMB 133.25m each ($18.5m), with the first unit scheduled for delivery in November 2026 and the remaining two by May 2027. Huarong Leasing is listed …
https://splash247.com/huarong-leasing-signs-for-chemical-tanker-trio-at-wuhu/
https://splash247.com/huarong-leasing-signs-for-chemical-tanker-trio-at-wuhu/Greece’s Capital Maritime has firmed up a pair of 8,800 teu newbuildings in South Korea, lifting its recent containership orders to 20 ships worth nearly $1.6bn. Newbuilding brokers have named the Evangelos Marinakis-led company behind the two LNG dual-fuel units booked for construction at HD Hyundai Samho priced at about $140m. The ships, delivering in …
https://splash247.com/capital-maritime-adds-to-korean-boxship-newbuild-series/
https://splash247.com/capital-maritime-adds-to-korean-boxship-newbuild-series/Abu Dhabi National Oil Company (ADNOC) is boosting its molten sulphur logistics by commissioning a new specialised tanker. Clarksons reports the UAE state-owned energy giant has placed an order with Jiangsu Zhenjiang Shipyard in China for the construction of an 11,000 dwt carrier, scheduled for delivery in 2027. Financial terms have not been disclosed. ADNOC …
https://splash247.com/adnoc-inks-molten-sulphur-carrier-order/
https://splash247.com/adnoc-inks-molten-sulphur-carrier-order/DP World, in partnership with VIMC Container Lines Joint Stock Company (VIMC Lines), has launched a new coastal and river transport service that is said to cut cargo transit times by 70%. The so-called Mekong Express service connects inland port Cai Cui and deepwater port Cai Mep twice weekly, significantly cutting down travel time from …
https://splash247.com/faster-greener-shipping-route-launched-in-vietnam/
https://splash247.com/faster-greener-shipping-route-launched-in-vietnam/Capesize The Capesize market gained notable momentum this week following a slow start largely due to Monday’s UK bank holiday. The Pacific basin was particularly active, supported by solid cargo flow from the miners and a tightening tonnage list, which pushed C5 rates up from $8.25 to $8.85 by week’s end. The Atlantic, especially the ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-gains-strength/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-gains-strength/