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Iron ore futures rose on Friday and were headed for a third weekly gains, underpinned by renewed hopes that top consumer China’s crackdown on a price war will pave the way for another round of reforms to curb steel overcapacity. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime ...
https://www.hellenicshippingnews.com/iron-ore-heads-for-third-weekly-gain-on-hopes-of-china-supply-reforms/There are some tentative early signs that weak thermal coal prices are starting to boost import demand among Asia’s heavyweight buyers China and India. Asia’s seaborne imports of the fuel used mainly to generate electricity rose to a five-month high of 74.12 million metric tons in May, according to data compiled by commodity analysts Kpler. ...
https://www.hellenicshippingnews.com/china-and-india-lead-modest-revival-in-asia-thermal-coal-imports/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose, supported by strong rates across all vessel segments on Friday, and registered its first weekly gain in four. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, gained 198 points, or 13.5%, to ...
https://www.hellenicshippingnews.com/baltic-dry-bulk-index-logs-first-weekly-gain-in-four/
https://www.hellenicshippingnews.com/baltic-dry-bulk-index-logs-first-weekly-gain-in-four/Bauxite shipping out of West Africa, a fast-growing source of extra tonne-miles for the cape trades, faces headwinds with news from Guinea where the government is vowing to take greater control of the maritime supply chain. Guinea has been the dominant source of bauxite exports out of West Africa in recent years, predominantly bound for …
https://splash247.com/guinea-forms-its-own-shipping-line-to-move-booming-bauxite-exports/
https://splash247.com/guinea-forms-its-own-shipping-line-to-move-booming-bauxite-exports/Norwegian offshore supply vessel owner DOF Group has signed agreements to sell two of its anchor handling tug supply (AHTS) vessel to an international buyer.The sold vessels include Skandi Tender and Skandi Trader, both build in 2009.The sale…
https://www.marinelink.com/news/dof-sells-two-ahts-vessels-527858
https://www.marinelink.com/news/dof-sells-two-ahts-vessels-527858IHI Corporation and Royal Vopak have signed a joint development agreement under which IHI and Vopak plan to establish a new joint venture. Taking into account the ongoing progress of domestic infrastructure development within the country, IHI…
https://www.marinelink.com/news/ihi-vopak-collaborate-develop-operate-527869
https://www.marinelink.com/news/ihi-vopak-collaborate-develop-operate-527869Today, Friday, July 11 2025, the Baltic Dry Index climbed by 42 points, reaching 1465 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1465-up-42-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1465-up-42-points/The Danish arm of Norwegian offshore vessel owner DOF has signed agreements to sell two anchor handlers to an undisclosed buyer. DOF said on Friday that it would be selling the 2009-built Skandi Tender and the 2008-built Skandi Trader to what it described as an “international buyer”. Both vessels became part of the DOF fleet …
https://splash247.com/dof-sheds-two-anchor-handlers/
https://splash247.com/dof-sheds-two-anchor-handlers/Offshore accommodation vessel specialist Floatel International has received a letter of intent for one of its units. The company said that the 2013-built Floatel Victory would provide maintenance and safety unit services offshore Brazil for an undisclosed client. The assignment is for three to four months. An option to extend may be given after the …
https://splash247.com/floatel-international-in-line-for-work-off-brazil-in-2026/
https://splash247.com/floatel-international-in-line-for-work-off-brazil-in-2026/French-based engineering and technology company Technip Energies has been awarded a contract for work on an FLNG unit in Africa. The company said that the contract was for preliminary activities and that it was effective until the end of September. The client was not revealed. The French firm added that it was a large award, …
https://splash247.com/technip-energies-wins-flng-work-in-africa/
https://splash247.com/technip-energies-wins-flng-work-in-africa/