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ABS issued a product design assessment (PDA) certificate to Samsung Heavy Industries (SHI) for its condition-based maintenance system, SCBM.The system has earned a SMART (MHM) Tier 2 PDA from ABS, signifying that it meets the functional and…
https://www.marinelink.com/news/abs-evaluates-conditionbased-maintenance-532461
https://www.marinelink.com/news/abs-evaluates-conditionbased-maintenance-532461At least 42 migrants are missing and presumed dead after a rubber boat capsized off the coast of Libya, the International Organization for Migration said on Wednesday.Libyan authorities rescued seven survivors who had drifted at sea for six days after the vessel…
https://www.marinelink.com/news/migrants-feared-dead-boat-capsizes-off-532464
https://www.marinelink.com/news/migrants-feared-dead-boat-capsizes-off-532464Iron ore futures prices seesawed on Thursday with market players weighing softening near-term demand in top consumer China and prospects of increasing supply against possible restocking by steelmakers. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.26% higher at 772.5 yuan ($108.45) a metric ton. The benchmark December ...
https://www.hellenicshippingnews.com/iron-ore-seesaws-amid-softening-near-term-demand-in-china-restocking-hopes/Seanergy Maritime Holdings Corp., a leading pure-play Capesize shipping company, today reported its financial results for the third quarter and nine months ended September 30, 2025, and announced a quarterly cash dividend of $0.13 per common share—marking the 16th consecutive quarterly dividend under its capital return policy. For the quarter ended September 30, 2025, the ...
https://www.hellenicshippingnews.com/seanergy-maritime-benefits-from-capesize-markets-recovery-during-the-third-quarter/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a three-day losing streak on Thursday, driven by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 47 points, or 2.3%, to 2,077 points. The capesize ...
https://www.hellenicshippingnews.com/baltic-index-edges-up-on-stronger-vessel-rates-across-the-board/“Iron ore shipments to China have risen 7% y/y since the end of June, following a stable period during the first half of the year. However, Chinese steel production has remained weak, leading to a build-up of portside inventories which reached an eight-month high in week 45,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. The ...
https://www.hellenicshippingnews.com/chinese-iron-ore-inventories-rise-as-imports-jump-7/
https://www.hellenicshippingnews.com/chinese-iron-ore-inventories-rise-as-imports-jump-7/Chinese owners have dominated ordering activity at Chinese shipyards, accounting for over 65% of them, with foreign-based owners scaling back their contracting, because of the looming uncertainties. In its latest weekly report, shipbroker Xclusiv said that “Chinese shipyards remain firmly at the center of the global newbuilding landscape, capturing the lion’s share of both bulker ...
https://www.hellenicshippingnews.com/chinese-owners-dominate-orders-at-chinas-shipyards/
https://www.hellenicshippingnews.com/chinese-owners-dominate-orders-at-chinas-shipyards/Greek owner Conbulk is moving into the newbuilding arena, with a pair of 5,000 teu containerships at China’s revived Yangzhou Guoyu Shipbuilding, according to shipbroking and market sources. The ships are expected to deliver from the end of 2027. Prices have not been disclosed, though brokers place similar mid-size boxships in China at around $60m …
https://splash247.com/conbulk-breaks-into-boxship-newbuild-market/
https://splash247.com/conbulk-breaks-into-boxship-newbuild-market/The maritime industry is on the brink of a technological step change, driven by low Earth orbit (LEO) satellite connectivity, cloud-based platforms, and artificial intelligence, according to Tore Morten Olsen, president of maritime at Marlink. “The pace of change is relentless, and it won’t slow down over the next 12 months,” Olsen tells Maritime CEO. …
https://splash247.com/marlink-the-bandwidth-revolution-sweeping-shipping/
https://splash247.com/marlink-the-bandwidth-revolution-sweeping-shipping/The UK government has announced sweeping maritime sanctions targeting Russia’s liquefied natural gas (LNG) exports, delivering a fresh blow to Moscow’s energy exports and sending ripples through the global shipping sector. Under the new measures, British-linked firms will be barred—from 2026 onwards—from providing shipping, insurance, and other maritime services for Russian LNG movements to third …
https://splash247.com/uk-bans-maritime-services-for-russian-lng/
https://splash247.com/uk-bans-maritime-services-for-russian-lng/