ShipOracle News
China and Europe face a "slow motion train accident" as a rising tide of protectionism threatens to become a full trade war, the head of a European business lobby group warned on Wednesday, a day after Germany's chancellor conveyed European concerns to Beijing.Jens Eskelund…
https://www.marinelink.com/news/mounting-tensions-spark-euchina-trade-war-513044
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Italian defense group Leonardo is close to finalizing a deal to sell its submarine unit Whitehead Alenia Sistemi Subacquei (WASS) to shipbuilder Fincantieri, Leonardo's chief executive said on Monday."We are talking days, not months," Leonardo CEO Roberto Cingolani told reporters in the port city of
https://www.marinelink.com/news/leonardo-close-selling-submarine-unit-513045
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Taiwan's homegrown submarine programme will remain on track, the defence minister said on Wednesday, after the head of the programme resigned due to what he said were unfair attacks against him and the military.Taiwan, which China views as its own territory…
https://www.marinelink.com/news/taiwan-submarine-project-chief-quits-513047
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The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments.Just hours before the deadline, the U.S.
https://www.marinelink.com/news/us-reimpose-oil-sanctions-venezuela-513050
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Hapag-Lloyd and Seaspan Corporation announced plans to retrofit and convert five 10,100 TEU containerships powered by conventional MAN S90 engines to dual-fuel engines capable of operating on methanol. Following the engine retrofit, the vessels…
https://www.marinelink.com/news/hapaglloyd-seaspan-retrofit-five-vessels-513051
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Iron ore futures rebounded on Wednesday to hit a more than five-week high, helped by an improving steel market and anticipation of pre-holiday restocking by steelmakers in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 4.25% higher at 870 yuan ($120.20) a metric ton, the ...
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Rio Tinto reported a 5% fall in its first-quarter iron ore shipments on Wednesday, missing estimates, because of weather disruptions at ports and reduced production from some of its Western Australian mines. Mine depletion in its Yandicoogina mine in Western Australia contributed to the fall in shipments, which was partially offset by its other operations ...
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The Baltic Exchange’s main dry bulk sea freight index rose on Wednesday, aided by rising rates across all vessel segments with capesize hitting its highest level in over three weeks. The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 65 points, or 3.7%, to 1,844 points. The ...
https://www.hellenicshippingnews.com/baltic-index-gains-as-rates-firm-for-all-vessels-2/
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Hapag-Lloyd is being tipped to seek out further acquisition targets in order to remain in touching distance of the top names in liner shipping. Germany’s top carrier unveiled its medium-term business plans through to 2030, which include an aggressive fleet growth with the line’s CEO, Rolf Habben Jensen claiming the goals were the company’s “most …
https://splash247.com/hapag-lloyd-tipped-to-seek-out-acquisition-targets/
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Japanese liner Ocean Network Express (ONE) has unveiled a reduced emissions shipping service designed to meet the shared decarbonisation goals of the shipping industry. The new shipping service, named ONE LEAF+, offers customers the opportunity to manage their emissions and minimise environmental impact across the value chain. The name is short for “low emission-able freight” …
https://splash247.com/one-launches-new-low-emission-shipping-service/
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