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Two tankers carrying around 1.5 million barrels of Russian Urals crude have dropped anchor at sea on either end of the Suez Canal, in an apparent sign of the difficulty Moscow is having selling oil after Western sanctions were tightened last…
https://www.marinelink.com/news/two-russian-oil-tankers-drop-anchor-sea-532167
https://www.marinelink.com/news/two-russian-oil-tankers-drop-anchor-sea-532167Freire Shipyard held in Vigo the keel-laying ceremony for the new Diver Support Vessel (NC 739) for the Spanish Navy. Delivery is scheduled for November 2026.The Diver Support Vessel (EAB) will be a specialized platform designed to assist the…
https://www.marinelink.com/news/keel-laid-spanish-navys-new-diver-support-532169
https://www.marinelink.com/news/keel-laid-spanish-navys-new-diver-support-532169IES Holdings, Inc. and Gulf Island Fabrication, Inc. announced that they have entered into a definitive agreement, providing for the acquisition of Gulf Island, a leading steel fabricator and service provider to the industrial, energy and government sectors, by IES.
https://www.marinelink.com/news/ies-holdings-acquire-gulf-island-532173
https://www.marinelink.com/news/ies-holdings-acquire-gulf-island-532173The Governor of the Bank of England, Andrew Bailey, visited Navantia UK’s Appledore shipyard to view the contribution of the defense and maritime industry to the regional economy. The Bank’s policymakers regularly visit and speak to businesses across the UK, including the South West.
https://www.marinelink.com/news/bank-england-governor-visits-navantia-uk-532174
https://www.marinelink.com/news/bank-england-governor-visits-navantia-uk-532174Maritime Partners has repowered the pushboat M/V John Austin, replacing its Cummins QSK38 (1300 hp @ 1800 rpm) with a Mitsubishi S12R-Y3 engine rated at 1260 hp @ 1600 rpm. After 28,000 hours on the previous platform, the decision to repower was driven by the need for reliability…
https://www.marinelink.com/news/maritime-partners-repowers-mv-john-austin-532176
https://www.marinelink.com/news/maritime-partners-repowers-mv-john-austin-532176Dalian iron ore futures declined on Friday and logged a weekly loss as weakening steel demand and production cuts pressured prices in top consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) fell 1.87% to 760.5 yuan($106.77) a metric ton. The contract ended the week 3.95% lower. The benchmark December ...
https://www.hellenicshippingnews.com/iron-ore-logs-weekly-loss-on-soft-steel-demand-production-cuts-in-china/China’s iron ore imports in October stayed above 100 million tons for a fifth straight month, underpinned by robust shipments boosted by higher prices and resilient demand from the world’s largest consumer. China brought in 111.3 million metric tons of the key steelmaking ingredient last month, data from the General Administration of Customs showed on ...
https://www.hellenicshippingnews.com/chinas-iron-ore-imports-above-100-million-tons-for-a-fifth-month/The prevailing positive sentiment within the dry bulk market may lead to misguided optimism in 2026 and beyond, according to a Clarksons analysis. At last month’s Baltic Dry FFA Forum in Geneva, Louisa Follis, director and head of dry cargo analysis at Clarksons, intentionally addressed dry bulk supply dynamics ahead of her demand analysis to ...
https://www.hellenicshippingnews.com/dry-bulks-looming-divide/
https://www.hellenicshippingnews.com/dry-bulks-looming-divide/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an over three-week high on Friday and recorded a weekly gain, supported by improved rates across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, rose 41 points, or 2%, ...
https://www.hellenicshippingnews.com/baltic-index-hits-over-three-week-high-ends-week-firmer/
https://www.hellenicshippingnews.com/baltic-index-hits-over-three-week-high-ends-week-firmer/