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The market for vintage MR2 product tankers has experienced a notable resurgence in activity fover the past two months, driven by declining asset prices. Owners who have been reluctant to let go of tonnage at significantly lower prices following the highs of late 2024 are biting the bullet. This impasse appears to have broken, with …
https://splash247.com/vintage-mr2-tanker-sales-surge/
https://splash247.com/vintage-mr2-tanker-sales-surge/Ukraine’s Asset Recovery and Management Agency (ARMA) has announced it will auction the Anka, a Turkish-owned dry cargo vessel seized for violating Ukrainian sanctions by docking in a port in Russian-occupied Crimea. The sale marks the latest enforcement action in Ukraine’s increasingly assertive maritime sanctions regime targeting foreign-flagged ships trading with the annexed peninsula. The …
https://splash247.com/ukraine-to-auction-bulk-carrier-after-crimean-port-violation/
https://splash247.com/ukraine-to-auction-bulk-carrier-after-crimean-port-violation/Chinese seafood giant Chishan Group has entered the shipbuilding industry with the acquisition and restructuring of Shandong Baibuting Shipbuilding, a historic yard located in Rongcheng, Shandong province. The newly renamed Shandong Fulton Shipbuilding marks the group’s strategic expansion amid a broader revival of private-sector shipyard assets across China. The deal involves the 100% acquisition of …
https://splash247.com/chinese-seafood-giant-revives-yard-in-shandong/
https://splash247.com/chinese-seafood-giant-revives-yard-in-shandong/COSCO Shipping has launched a fresh newbuilding push which will see 14 ships constructed at domestic yards. COSCO Shipping Development, the financing arm of China’s state-controlled shipping giant, has commissioned a newbuilding package, including 10 newcastlemax bulk carriers and four asphalt carriers. Four 210,000 dwt newbuilds have been booked at the leading builder in the …
https://splash247.com/cosco-rolls-out-14%e2%80%91vessel-shipbuilding-push-at-domestic-yards/
https://splash247.com/cosco-rolls-out-14%e2%80%91vessel-shipbuilding-push-at-domestic-yards/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/