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St. Johns Ship Building, a Florida-based Jones Act facility owned by Americraft Marine, has announced the successful delivery of the Atlantic Endurance, the second of two Chartwell Ambitious-Class Crew Transfer Vessels (CTVs) ordered by Atlantic Wind Transfers.
https://www.marinelink.com/news/st-johns-ship-building-delivers-second-528490
https://www.marinelink.com/news/st-johns-ship-building-delivers-second-528490The Korea Institute of Machinery and Materials (KIMM), under the National Research Council of Science & Technology (NST), signed a Memorandum of Understanding (MoU) with Natural Resources Canada (NRC) to establish a new platform for international…
https://www.marinelink.com/news/kimm-natural-resources-canada-sign-mou-528492
https://www.marinelink.com/news/kimm-natural-resources-canada-sign-mou-528492Prices of iron ore futures retreated on Wednesday as hopes of more stimulus from top consumer China faded, erasing earlier gains that were underpinned by prospects of a further extension of a tariff truce between the U.S. and the Asian country. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended ...
https://www.hellenicshippingnews.com/iron-ore-retreats-as-hopes-of-china-stimulus-recede/
https://www.hellenicshippingnews.com/iron-ore-retreats-as-hopes-of-china-stimulus-recede/Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $4.5 million and net income attributable to common stockholders of $3.1 million for the second quarter of 2025. This compares to a net loss of $2.8 million and a net loss attributable ...
https://www.hellenicshippingnews.com/diana-shipping-inc-reports-second-quarter-net-income-of-4-5-million/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, fell for a fourth straight session to a two-week low on Wednesday as demand in all vessel segments weakened. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 114 points, or 5.4%, to 1,995 ...
https://www.hellenicshippingnews.com/baltic-index-extends-falls-to-hit-two-week-low/
https://www.hellenicshippingnews.com/baltic-index-extends-falls-to-hit-two-week-low/New feeder entrant Greta Shipping is launching three dedicated services connecting the Middle East and the Indian Subcontinent. The company, a Singapore-registered subsidiary wholly owned by Chinese conglomerate Xiamen C&D, will officially launch its operations in mid-August, according to Alphaliner. Greta Shipping’s JKX service will link the Middle East transhipment hub of Jebel Ali with …
https://splash247.com/greta-shipping-enters-market-with-three-middle-east-india-subcontinent-loops/
https://splash247.com/greta-shipping-enters-market-with-three-middle-east-india-subcontinent-loops/Union Pacific has struck a deal to acquire rival railroad Norfolk Southern in a stock-and-cash transaction valued at $85bn, in a move that would form the first coast-to-coast freight rail network in the US. The combined operator would span more than 50,000 route miles across 43 states and link close to 100 ports, giving it …
https://splash247.com/us-rail-giants-in-85bn-coast-to-coast-tie-up/
https://splash247.com/us-rail-giants-in-85bn-coast-to-coast-tie-up/French shipping and logistics giant CMA CGM has confirmed it is eyeing the potential acquisition of terminals from CK Hutchison, after exclusive talks between the Hong Kong conglomerate and a consortium led by BlackRock expired over the weekend. The preliminary deal, first announced in March, involved the sale of the majority of Hutchison’s global port …
https://splash247.com/cma-cgm-eyes-hutchison-ports-as-msc-deal-falters/
https://splash247.com/cma-cgm-eyes-hutchison-ports-as-msc-deal-falters/Cyprus-based bulker and boxship owner Castor Maritime has completed a sale and leaseback transaction with a Japanese counterparty for one of its kamsarmaxes. The Nasdaq-listed company has struck a deal for the 2011-built Magic Thunder, with the 83,400 dwt vessel bringing in about $14.6m. The vesssel will remain under Castor’s commercial control under a bareboat …
https://splash247.com/castor-seals-14-6m-leaseback-for-kamsarmax-bulker/
https://splash247.com/castor-seals-14-6m-leaseback-for-kamsarmax-bulker/Anticipating a strong cross-current that never materialized, an experienced tow pilot deviated from the sailing line on the Mississippi River and struck components of the Fort Madison Bridge near Fort Madison, Iowa, the National Transportation Safety Board has concluded.The towing vessel Joe B.
https://www.marinelink.com/news/pilot-overcompensating-crosscurrents-led-528447
https://www.marinelink.com/news/pilot-overcompensating-crosscurrents-led-528447