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Romania-based GLO Marine announced it has appointed John Louring as its new sales director.Louring brings to the position a strong background in the maritime industry and green technologies gained over more than 20 years in sales and business development…
https://www.marinelink.com/news/louring-joins-glo-marine-sales-director-515444
https://www.marinelink.com/news/louring-joins-glo-marine-sales-director-515444Michele Grubbs, vice president at the Pacific Merchant Shipping Association (PMSA), has been elected to the Board of Directors of the Containerization & Intermodal Institute (CII), a not-for-profit organization committed to supporting and promoting…
https://www.marinelink.com/news/pmsas-michele-grubbs-joins-cii-board-515446
https://www.marinelink.com/news/pmsas-michele-grubbs-joins-cii-board-515446Dalian iron ore futures prices fell for the fourth consecutive session on Wednesday, weighed down by a weakening steel market and lingering concerns about demand in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.65% lower at 775.5 yuan ($106.61) a metric ton. The contract ...
https://www.hellenicshippingnews.com/dalian-iron-ore-extends-falls-on-weakening-steel-market-demand-outlook/Global coal demand is set to remain broadly unchanged in both 2024 and 2025 as surging electricity demand in some major economies offsets the impacts of a gradual recovery in hydropower and the rapid expansion of solar and wind, according to the IEA’s latest update on coal market trends worldwide. The world’s use of coal ...
https://www.hellenicshippingnews.com/global-coal-demand-is-set-to-remain-broadly-flat-through-2025/
https://www.hellenicshippingnews.com/global-coal-demand-is-set-to-remain-broadly-flat-through-2025/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was down on Wednesday for the fourth straight session, tracking a fall in rates for the large capesize shipping vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 5 points, or 0.3%, ...
https://www.hellenicshippingnews.com/baltic-index-slips-for-fourth-straight-day-as-capesize-rates-dip/Norwegian offshore service provider Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The estimated firm contract value awarded by the Norwegian giant is $40m and includes an optional two-year extension period. The deal will begin in November 2024 in direct continuation of Archer’s current contract for drilling operations …
https://splash247.com/archer-pens-40m-drilling-services-deal-in-brazil-with-equinor/
https://splash247.com/archer-pens-40m-drilling-services-deal-in-brazil-with-equinor/Borealis Maritime’s offshore vessel arm, Aurora Offshore, has secured long-term employment for one of the platform supply vessels taken over from Viking Supply Ships earlier this year. Brokers report the 2021-built Aurora Cooper fixed to BP UK for one year plus options, with the charter likely starting next week. Dayrates for the LNG dual-fuel battery …
https://splash247.com/aurora-offshore-scores-one-year-psv-fixture-with-bp/
https://splash247.com/aurora-offshore-scores-one-year-psv-fixture-with-bp/China’s Seacon Shipping continues to expand its footprint in the tanker segment by adding a pair of chemical carrier newbuildings through a bareboat charter deal. The Hong Kong-listed diversified owner and operator has inked contracts worth in aggregate about $55.9m with Yingxing Financial Leasing for 18,500 dwt units, which will be built at China’s Wuhu …
https://splash247.com/seacon-expands-with-double-tanker-bareboat-deal/
https://splash247.com/seacon-expands-with-double-tanker-bareboat-deal/UK CO2 shipping and injection solutions joint venture company Bluestreak CO2 has entered into a memorandum of understanding with Düsseldorf-headquartered energy company Uniper to work on liquid CO2 export from a proposed facility in the UK. Under the agreement, the parties will explore the feasibility of implementing a jetty-moored floating liquid CO2 storage facility and …
https://splash247.com/uniper-taps-navigator-bumi-armada-jv-for-lco2-export-from-uk-project/
https://splash247.com/uniper-taps-navigator-bumi-armada-jv-for-lco2-export-from-uk-project/New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its ultramax dry bulk vessels. Stone Shipping hired the 2018-built, 60,404 dwt bulker DSI Polaris. The gross charter rate is $15,400 per day, minus a 5% commission paid to third parties, for a period until …
https://splash247.com/diana-shipping-charters-out-ultramax-to-stone-shipping/
https://splash247.com/diana-shipping-charters-out-ultramax-to-stone-shipping/