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Iron ore futures prices ticked lower on Friday and posted weekly losses amid softening demand for the steelmaking ingredient in China, while traders braced for further bouts of uncertainty around trade. The most-traded September iron ore contract on China’s Dalian Commodity Exchange TIO1! ended daytime trade 0.43% lower at 702 yuan ($97.65) a metric ton, ...
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-loss-on-softer-china-demand-trade-uncertainty/
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-loss-on-softer-china-demand-trade-uncertainty/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday to post a weekly gain on higher capesize vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was up 65 points, or 4.8%, at 1,418, its highest in four ...
https://www.hellenicshippingnews.com/baltic-index-posts-weekly-gain-on-higher-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-posts-weekly-gain-on-higher-capesize-rates/Fincantieri and TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises, have launched Mein Shiff Flow, a dual-fuel cruise ship newbuild.A sister ship to Mein Schiff Relax, delivered in February 2025, the new unit is scheduled to enter service in mid-2026.With approximately 160…
https://www.marinelink.com/news/tui-cruises-launches-fincantieribuilt-526318
https://www.marinelink.com/news/tui-cruises-launches-fincantieribuilt-526318Finnøy Gear & Propeller has signed a contract to deliver complete propulsion systems for a new series of eight cargo vessels being built for the Norwegian shipping company Wilson.The vessels will be constructed at Udupi Cochin Shipyard in India…
https://www.marinelink.com/news/finny-supply-propulsion-system-wilsons-526321
https://www.marinelink.com/news/finny-supply-propulsion-system-wilsons-526321By May this year, 158 cases of vessel abandonment had been recorded, up from 119 at the same point in 2024.These cases represent more than 1,501 seafarers who have reached out to the ITF for assistance, many of whom were left unpaid, without food…
https://www.marinelink.com/news/seafarer-abandonment-poised-pass-record-526331
https://www.marinelink.com/news/seafarer-abandonment-poised-pass-record-526331Taiwan’s government has cancelled the development rights for two offshore wind projects from the most recent Phase 3.2 auction. All five developers that were awarded capacity in the offshore wind round submitted their contracts to the country’s Ministry of Economic Affairs earlier this month. The five tender winners were originally announced in August 2024, with …
https://splash247.com/taiwan-cancels-two-offshore-wind-projects/
https://splash247.com/taiwan-cancels-two-offshore-wind-projects/Thousands of people are making their way to Oslo for next week’s Nor-Shipping gathering, a showcase of future technologies. Nick Chubb, founder of UK maritime innovation consultancy Thetius, takes readers into the future, imagining how ships will operate 10 years from now. May 30, 2035 – 0735 UTC Captain Khan: Good morning, Proteus. Proteus: Good …
https://splash247.com/how-tomorrows-ships-will-operate/
https://splash247.com/how-tomorrows-ships-will-operate/Spain’s Grupo Ibaizabal has emerged behind three newly contracted LNG bunkering vessels in China and South Korea. Shipbuilding sources report the company has lined up a second 18,600 cu m vessel at Chinese state-owned Hudong-Zhonghua Shipbuilding in a deal worth around $90m. The unit is estimated for delivery in 2027 and into a charter with …
https://splash247.com/spains-ibaizabal-linked-to-trio-of-lng-bunker-vessel-orders/
https://splash247.com/spains-ibaizabal-linked-to-trio-of-lng-bunker-vessel-orders/A new study from the UCL Energy Institute’s Shipping and Oceans Research Group and UMAS, commissioned by the Global Maritime Forum, concludes that the International Maritime Organization’s recently agreed Net Zero Framework (NZF) sends a strong market signal favouring ammonia dual-fuel ships—particularly from the mid-2030s onward. However, ongoing uncertainties in policy design are holding back …
https://splash247.com/case-made-for-ammonia-in-the-wake-of-imos-net-zero-framework/
https://splash247.com/case-made-for-ammonia-in-the-wake-of-imos-net-zero-framework/Rafael Mariano Grossi, director general of the International Atomic Energy Agency (IAEA), met with leading Greek shipowners on Thursday to explore the potential of nuclear-powered commercial vessels. The talks come as the UN agency launches ATLAS — Atomic Technology Licensed for Applications at Sea — an initiative aimed at creating a regulatory and safety framework …
https://splash247.com/un-nuclear-chief-meets-greek-shipping-leaders-to-advance-maritime-nuclear-propulsion/
https://splash247.com/un-nuclear-chief-meets-greek-shipping-leaders-to-advance-maritime-nuclear-propulsion/