ShipOracle News
Dalian iron ore futures prices fell for the fourth consecutive session on Wednesday, weighed down by a weakening steel market and lingering concerns about demand in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.65% lower at 775.5 yuan ($106.61) a metric ton. The contract ...
...See more
ShipOracle News
Global coal demand is set to remain broadly unchanged in both 2024 and 2025 as surging electricity demand in some major economies offsets the impacts of a gradual recovery in hydropower and the rapid expansion of solar and wind, according to the IEA’s latest update on coal market trends worldwide. The world’s use of coal ...
https://www.hellenicshippingnews.com/global-coal-demand-is-set-to-remain-broadly-flat-through-2025/
...See more
ShipOracle News
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was down on Wednesday for the fourth straight session, tracking a fall in rates for the large capesize shipping vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 5 points, or 0.3%, ...
...See more
ShipOracle News
Norwegian offshore service provider Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The estimated firm contract value awarded by the Norwegian giant is $40m and includes an optional two-year extension period. The deal will begin in November 2024 in direct continuation of Archer’s current contract for drilling operations …
https://splash247.com/archer-pens-40m-drilling-services-deal-in-brazil-with-equinor/
...See more
ShipOracle News
Borealis Maritime’s offshore vessel arm, Aurora Offshore, has secured long-term employment for one of the platform supply vessels taken over from Viking Supply Ships earlier this year. Brokers report the 2021-built Aurora Cooper fixed to BP UK for one year plus options, with the charter likely starting next week. Dayrates for the LNG dual-fuel battery …
https://splash247.com/aurora-offshore-scores-one-year-psv-fixture-with-bp/
...See more
ShipOracle News
China’s Seacon Shipping continues to expand its footprint in the tanker segment by adding a pair of chemical carrier newbuildings through a bareboat charter deal. The Hong Kong-listed diversified owner and operator has inked contracts worth in aggregate about $55.9m with Yingxing Financial Leasing for 18,500 dwt units, which will be built at China’s Wuhu …
https://splash247.com/seacon-expands-with-double-tanker-bareboat-deal/
...See more
ShipOracle News
UK CO2 shipping and injection solutions joint venture company Bluestreak CO2 has entered into a memorandum of understanding with Düsseldorf-headquartered energy company Uniper to work on liquid CO2 export from a proposed facility in the UK. Under the agreement, the parties will explore the feasibility of implementing a jetty-moored floating liquid CO2 storage facility and …
https://splash247.com/uniper-taps-navigator-bumi-armada-jv-for-lco2-export-from-uk-project/
...See more
ShipOracle News
New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its ultramax dry bulk vessels. Stone Shipping hired the 2018-built, 60,404 dwt bulker DSI Polaris. The gross charter rate is $15,400 per day, minus a 5% commission paid to third parties, for a period until …
https://splash247.com/diana-shipping-charters-out-ultramax-to-stone-shipping/
...See more
ShipOracle News
Dutch company Huisman has booked an order for the delivery of a Knuckle Boom Crane for a client in the offshore energy market.The 550mt Knuckle Boom Crane will be equipped with Huisman’s proprietary secondary-controlled Active Heave Compensation System…
https://www.marinelink.com/news/huisman-deliver-knuckle-boom-crane-515420
...See more
ShipOracle News
Deme Offshore has laid all inter-array cables, manufactured by its partner Hellenic Cables, for the first phase of 3.6 GW Dogger Bank offshore wind farm in UK.More than 200 miles of 66KV inter-array cables have been successfully installed by…
https://www.marinelink.com/news/interarray-cables-laid-dogger-banks-first-515422
...See more