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Prices of iron ore futures gained ground on Thursday, as prospects of fresh Chinese monetary stimulus and lower inventories overshadowed concerns of the top consumer’s weakening domestic demand. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.69% higher at 693.0 yuan ($98.10) a metric ton. The benchmark October ...
https://www.hellenicshippingnews.com/iron-ore-climbs-on-china-stimulus-hopes-softer-stockpiles/
https://www.hellenicshippingnews.com/iron-ore-climbs-on-china-stimulus-hopes-softer-stockpiles/Huge grains ships loading up with soy and corn at Argentina’s major inland river ports around Rosario are taking on less cargo as water levels drop to near record lows due to a major drought upstream in Brazil, pushing up costs and transport times. The Parana River, which carries almost 80% of Argentina’s grains and ...
https://www.hellenicshippingnews.com/argentina-grains-ships-load-less-cargo-as-river-levels-hit-near-record-lows/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday as rates across vessel segments gained. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 86 points, or 4.6%, to 1,976. The capesize index rose 229 points, or 7.6%, to ...
https://www.hellenicshippingnews.com/baltic-index-rises-as-rates-climb-across-vessel-segments-2/
https://www.hellenicshippingnews.com/baltic-index-rises-as-rates-climb-across-vessel-segments-2/China’s import and export cargo demand could offer mixed prospects in the coming months. In its latest weekly report, shipbroker Xclusiv said that “China’s exports surged in August at the fastest pace in nearly 18 months. This significant growth, up 8.7% in dollar terms, suggests that manufacturers are rushing to fulfil orders before tariffs imposed ...
https://www.hellenicshippingnews.com/dry-bulk-market-mixed-signals-for-future-cargo-demand-from-china/A consortium led by European investment fund manager STAR Capital and Belgian holding company Ackermans & van Haaren (AvH) has completed the acquisition of one of the world’s largest shipmanagers V. Group. The company was bought from Advent International, a private equity firm that purchased the firm in late 2016 from OMERS Private Equity. According to …
https://splash247.com/european-consortium-wraps-up-acquisition-of-v-group/
https://splash247.com/european-consortium-wraps-up-acquisition-of-v-group/American Bureau of Shipping (ABS) has issued approvals in principle (AiPs) for a range of jetty-less new energy terminal concepts to move frequent, large-volume ammonia transfers away from shore, developed by SBM Offshore’s division IMODCO Terminals.IMODCO…
https://www.marinelink.com/news/imodcos-terminals-offshore-ammonia-517227
https://www.marinelink.com/news/imodcos-terminals-offshore-ammonia-517227Technology group Wärtsilä, in partnership with Chevron Shipping Company, plans to convert one engine on six of Chevron Transport Corporation LNG Carriers from dual-fuel (DF) to spark gas (SG) operation to reduce methane emissions.The conversions…
https://www.marinelink.com/news/wrtsil-convert-engines-chevrons-lng-517228
https://www.marinelink.com/news/wrtsil-convert-engines-chevrons-lng-517228McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production aboard a floating production storage and offloading (FPSO) facility.The strategic partnership aims…
https://www.marinelink.com/news/mcdermott-bw-offshore-team-blue-ammonia-517229
https://www.marinelink.com/news/mcdermott-bw-offshore-team-blue-ammonia-517229A 30-metre long ship struck a reef and sank off the coast of Greenland on Thursday, while its four crew members were evacuated to safety, local police said.The ship had some 15,000-20,000 liters of diesel in its tanks and a further 1,000 liters of engine oil, and protective barriers were placed in t
https://www.marinelink.com/news/ship-sinks-off-greenland-crew-members-517231
https://www.marinelink.com/news/ship-sinks-off-greenland-crew-members-517231Kohler Energy, a provider of energy solutions, including power generation, energy storage, and renewable energy technologies, has rebranded under its new corporate name Rehlko.Rehlko will continue operating as an independent enterprise. The…
https://www.marinelink.com/news/kohler-energy-rebrands-rehlko-517236
https://www.marinelink.com/news/kohler-energy-rebrands-rehlko-517236