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Iron ore futures fell on Thursday, snapping a three-day rise, on a stronger supply outlook from rising shipments, although seasonal demand for the key steelmaking ingredient limited the decline. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.28% lower at 720.5 yuan ($98.76) a metric ton. The benchmark May iron ...
https://www.hellenicshippingnews.com/dalian-iron-ore-snaps-three-day-rally-on-stronger-supply-outlook/Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate royalties, on March 1 to exert more national control over ...
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments. The main index, which monitors rates for capesize, panamax, and supramax shipping vessels, rose by 53 points to mark its highest level since April 7, at 1,353 points. The capesize ...
https://www.hellenicshippingnews.com/baltic-index-rises-to-over-two-week-high-as-all-vessels-post-gains/Shanghai Port Group Energy has booked an LNG bunker vessel newbuilding at Jiangnan Shipyard. The business unit of Shanghai International Port Group (SIPG) has signed up for a 20,000 cu m unit, scheduled for delivery in the first half of 2027. The vessel, contracted for an undisclosed sum, will feature three twin-ear C-type tanks, equipped …
https://splash247.com/sipg-arm-books-lng-bunker-newbuild-at-jiangnan/
https://splash247.com/sipg-arm-books-lng-bunker-newbuild-at-jiangnan/Israeli carrier ZIM has been ordered to pay about $3.7m to Samsung Electronics America (SEA) for violating the US Shipping Act. The American affiliate of the Korean manufacturing giant filed a complaint with the Federal Maritime Commission (FMC) in October 2022, claiming Zim engaged in “unreasonable practices, retaliation, refusal to deal, and improper invoices for …
https://splash247.com/zim-ordered-to-pay-samsung-3-7m-for-us-demurrage-violations/
https://splash247.com/zim-ordered-to-pay-samsung-3-7m-for-us-demurrage-violations/Risk Intelligence has signed an agreement with Hamburg-based ship owner the Risk Intelligence System.The unnamed shipowner owns more than 40 bulk carriers, container ships, product tankers and car carriers operating globally, which is why near…
https://www.marinelink.com/news/risk-intelligence-signs-german-shipowner-524984
https://www.marinelink.com/news/risk-intelligence-signs-german-shipowner-524984Marinetrans, a Norway-based logistics specialist for the maritime and offshore industries, has secured the project logistics contract from Black & Veatch for two floating liquefied natural gas (FLNG) vessel construction projects.Under the contracts…
https://www.marinelink.com/news/black-veatch-hires-norwegian-logistics-524986
https://www.marinelink.com/news/black-veatch-hires-norwegian-logistics-524986Japan is world’s third largest shipping nation as owners control 12% of the fleet“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third largest shipowning country in…
https://www.marinelink.com/news/numbers-inside-japans-maritime-fleet-524987
https://www.marinelink.com/news/numbers-inside-japans-maritime-fleet-524987The keel laying of the new research vessel, Thuwal II, for the King Abdullah University of Science and Technology (KAUST) at the Freire Shipyard marks the beginning of a new chapter in marine research in Saudi Arabia, driving innovation in this crucial field for the country.
https://www.marinelink.com/news/kaust-research-vessel-keel-laid-freire-524990
https://www.marinelink.com/news/kaust-research-vessel-keel-laid-freire-524990If the dynamic positioning (DP) system went down on an offshore supply vessel, it could result in a collision. On a dive support vessel, it could result in injury or death for a diver. On a drilling rig, it could result in a blowout with loss of life…
https://www.marinelink.com/news/maritime-propulsion-onesizefitsall-dps-524998
https://www.marinelink.com/news/maritime-propulsion-onesizefitsall-dps-524998