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Chicago wheat futures jumped on Tuesday as hopes faded for a U.S. diplomatic effort to end the war in Ukraine, which has disrupted Black Sea grain shipments, analysts and traders said.Corn and soybean futures chopped up and down as traders adjusted positions ahead of Friday's U.S.
https://www.marinelink.com/news/wheat-prices-rise-us-diplomatic-attempts-542811
https://www.marinelink.com/news/wheat-prices-rise-us-diplomatic-attempts-542811The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose about 0.3% to 3,584 points on Tuesday, following a 1.4% decrease in the prior session. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, rebounded by 0.4% to 6,313 points; and the supramax index ...
https://www.hellenicshippingnews.com/baltic-dry-index-bounces-back/
https://www.hellenicshippingnews.com/baltic-dry-index-bounces-back/Eighteen of the world’s leading maritime nations have issued an unusually stark warning that the international rules underpinning global shipping are being eroded, threatening to fragment both maritime markets and global trade. In a public statement titled In defence of free shipping, the Consultative Shipping Group (CSG), whose members include Greece, Japan, South Korea, Singapore, …
https://splash247.com/shipping-powers-warn-global-maritime-rulebook-is-breaking-down/
https://splash247.com/shipping-powers-warn-global-maritime-rulebook-is-breaking-down/Thai dry bulk owner Precious Shipping has sent its newly delivered ultramax straight into term employment with Trafigura, fixing the ship for up to 14 months on an index-linked deal. The Khalid Hashim-led company said the 63,500 dwt Ratima Naree started a 12-to-14-month charter with Singapore-based Trafigura Maritime Logistics on September 7, just days after …
https://splash247.com/precious-sends-fresh-ultramax-straight-to-trafigura/
https://splash247.com/precious-sends-fresh-ultramax-straight-to-trafigura/Another fatal accident in Bangladesh has highlighted a risk that can arise before anyone enters an enclosed space, and why the industry must give greater attention to the first opening of long-sealed ballast tanks, H2S awareness and emergency rescue. Dr Anand Hiremath, the CEO of the Sustainable Ship and Offshore Recycling Program, writes for Splash …
https://splash247.com/ship-recycling-safety-must-start-before-the-first-cut/
https://splash247.com/ship-recycling-safety-must-start-before-the-first-cut/Greek owner Venergy Maritime has firmed two more suezmax newbuildings at China’s Hengli Shipbuilding, taking its series at the Dalian yard to four and pushing its wider newbuilding programme to 30 ships. The Vyron Vasileiadis-led company has exercised options for two 158,000 dwt tankers attached to a deal struck earlier this year. Brokers are putting …
https://splash247.com/venergy-firms-hengli-suezmax-options-as-orderbook-hits-30/
https://splash247.com/venergy-firms-hengli-suezmax-options-as-orderbook-hits-30/Turkey’s GSD Holding has added another Japanese-built bulker to its expanding newbuilding programme, signing up for a 40,300 dwt handysize for delivery in 2030. The Istanbul-listed group said its Marshall Islands-based subsidiary Lena Maritime signed the deal with Laurel World Maritime, a subsidiary of Japanese trading house Itochu Corporation. The ship will be built within …
https://splash247.com/gsd-adds-another-japanese-bulker-newbuild/
https://splash247.com/gsd-adds-another-japanese-bulker-newbuild/McDermott has landed a subsea contract worth between $500m and $750m from Eni for the fast-tracked Cronos gas development offshore Cyprus, adding another sizeable offshore project to its orderbook. The Houston-based contractor will provide project management, engineering, procurement and installation support for the deepwater development. McDermott classifies the award as “substantial”, a category it defines …
https://splash247.com/eni-hands-mcdermott-major-cyprus-subsea-contract/
https://splash247.com/eni-hands-mcdermott-major-cyprus-subsea-contract/Hunter Group’s long-running VLCC charter dispute has escalated further, with the amount of unpaid hire claimed by the Oslo-listed company climbing above $55m after its largest monthly shortfall to date. The unnamed long-term counterparty paid around $11.75m less than Hunter says was due for August, marking a sixth consecutive month of reduced payments since the …
https://splash247.com/hunters-vlcc-charter-dispute-swells-to-55m/
https://splash247.com/hunters-vlcc-charter-dispute-swells-to-55m/Italian offshore engineering contractor Saipem has picked up another piece of Turkey’s fast-expanding Sakarya gas development, securing the commissioning work for the country’s first floating gas production unit. GOE Petrol Sanayi has awarded Saipem an eight-month contract covering commissioning services for the Osman Gazi FPU, which is being prepared to start work at Turkish Petroleum’s …
https://splash247.com/saipem-wins-turkish-fpu-commissioning-job/
https://splash247.com/saipem-wins-turkish-fpu-commissioning-job/