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The International Chamber of Shipping issued the following statement in response to the recent publication of the US Maritime Action Plan:“The International Chamber of Shipping (ICS) acknowledges the U.S. Government’s Maritime Action Plan and…
https://www.marinelink.com/news/ics-responds-us-maritime-action-plan-535788
https://www.marinelink.com/news/ics-responds-us-maritime-action-plan-535788The second week of February brought on a really confusing spin to the markets, with fundamentals across the board performing bizarrely (compared to last week’s performance), reports cash buyer GMS.“After a volatile beginning to the month, the…
https://www.marinelink.com/news/ship-recycling-market-quiet-ahead-chinese-535789
https://www.marinelink.com/news/ship-recycling-market-quiet-ahead-chinese-535789Yanmar Power Solutions has acquired a site in Amagasaki City, Japan, to conduct test runs of marine hydrogen engines.The company says it will develop and build powertrains that can be used with next-generation fuels such as hydrogen, methanol…
https://www.marinelink.com/news/yanmar-prepares-hydrogen-engine-535790
https://www.marinelink.com/news/yanmar-prepares-hydrogen-engine-535790Pilbara Ports delivered a total monthly throughput of 67.9 million tonnes (Mt) for January 2026. This throughput is a 12 per cent increase compared to January 2025 and marks the highest January on record. This figure can be attributed to a series of targeted operational changes implemented at the Port of Port Hedland in recent ...
https://www.hellenicshippingnews.com/port-of-hedland-iron-ore-exports-up-60-in-january/
https://www.hellenicshippingnews.com/port-of-hedland-iron-ore-exports-up-60-in-january/Global steel flows reached 283mt in 2025, according to Signal Ocean, an increase of over 5%. This growth was driven entirely by China, which saw outward steel flows reach 119mt, up 15% y/y. China increased its share of steel flow origins from 38% in 2024 to 42% in 2025. Outside of China, combined outward flows ...
https://www.hellenicshippingnews.com/chinas-steel-exports-will-drive-supramax-demand/
https://www.hellenicshippingnews.com/chinas-steel-exports-will-drive-supramax-demand/The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, rose about 0.8% to the highest since February 2nd to 2,100 points on Monday, driven by gains across all segments. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, went up 0.9% to 3,209 points; and ...
https://www.hellenicshippingnews.com/baltic-dry-index-rises-to-2-week-high/
https://www.hellenicshippingnews.com/baltic-dry-index-rises-to-2-week-high/A 2004-built, Jamaica-flagged LR1 tanker tied to high-risk trading patterns has been reported sold for recycling, according to market sources. The 72,700 dwt unit, named Diana, which was sanctioned by the US Treasury’s OFAC in December, has now been tracked as anchored in the demolition zone at Alang s, with no price attached to the deal. …
https://splash247.com/sanctioned-lr1-tanker-heads-for-scrap-at-alang/
https://splash247.com/sanctioned-lr1-tanker-heads-for-scrap-at-alang/A 2002-built capesize bulker has been reported sold for demolition in Bangladesh, marking the first cape recycling deal of the year. The 176,000 dwt Beihai, a CSBC Kaohsiung-built unit now sailing under the flag of St Kitts & Nevis and managed by Green Ocean Ship Management, has surfaced as a rare vintage sale. Sources tell …
https://splash247.com/elderly-capesize-heads-for-bangladesh-recycling/
https://splash247.com/elderly-capesize-heads-for-bangladesh-recycling/Norwegian OSV owner Havila Shipping has secured a contract for one of its platform supply vessels (PSVs) with French energy giant TotalEnergies. According to an Oslo Børs filing, TotalEnergies’s Norwegian arm hired the Havila Herøy platform supplier for a period of 136 days. Havila Shipping added in the statement that the contract is expected to …
https://splash247.com/totalenergies-hires-havila-shipping-platform-supplier/
https://splash247.com/totalenergies-hires-havila-shipping-platform-supplier/Singapore-based liner operator SeaLead has appointed Cho Kit Wei as its new chief executive officer, promoting the current chief operating officer to the top role from March 2, 2026. Cho, a shipping executive with more than 20 years’ experience, has been with SeaLead since 2021. Before joining the company, he held senior roles at Simatech …
https://splash247.com/sealead-appoints-new-chief-executive/
https://splash247.com/sealead-appoints-new-chief-executive/