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Iron ore futures prices rose for a second straight session on Wednesday, aided by falling shipments and resilient demand, although mixed factory data in top consumer China curbed the gains. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.68% higher at 736.5 yuan ($102.59) a metric ton. The ...
https://www.hellenicshippingnews.com/iron-ore-extends-gain-on-falling-shipments-but-mixed-china-data-caps-gain/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped on Wednesday, pressured by lower rates for capesize vessels. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, dropped 8 points, or 0.6%, to 1,423 points. The contract hit its lowest level since June ...
https://www.hellenicshippingnews.com/baltic-index-slips-on-lower-capesize-vessel-rates/
https://www.hellenicshippingnews.com/baltic-index-slips-on-lower-capesize-vessel-rates/“During the first half of 2025, global coal shipments fell 6% y/y amid weak import demand in large markets. Cargo loadings headed to China and advanced economies slowed considerably, partly due to stronger electricity generation from renewables and to weaker steel production,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. In recent years, China has ...
https://www.hellenicshippingnews.com/china-drives-6-drop-in-global-coal-shipments/
https://www.hellenicshippingnews.com/china-drives-6-drop-in-global-coal-shipments/Brokers’ sources tell Splash that Japanese owner Nissen Shipping has let go of one of its many modern capes, selling the 2020-built Bulk Ginza—a 182,900 dwt, Imabari-built cape—for just under $64m. The ship is noted to have been sold on a forward delivery basis and will be delivered to its new owner at the end …
https://splash247.com/genco-tied-to-nissen-cape-acquisition/
https://splash247.com/genco-tied-to-nissen-cape-acquisition/US president Donald Trump has signed an executive order to eliminate subsidies for green energy sources, more precisely wind and solar power, as he makes another step on his warpath against renewable energy. The order directs the secretary of the treasury to terminate the clean electricity production and investment tax credits for wind and solar …
https://splash247.com/trump-wipes-out-subsidies-for-wind-and-solar-power/
https://splash247.com/trump-wipes-out-subsidies-for-wind-and-solar-power/South Korean shipowner Sinokor Merchant Marine has placed an order with compatriot shipbuilder HD Hyundai, securing four containerships in a deal valued at KRW 834.8bn ($611m). HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai, revealed the contract in a stock exchange filing, without disclosing the counterparty, but shipbuilding sources have named …
https://splash247.com/sinokor-books-four-boxships-at-hd-hyundai-yards/
https://splash247.com/sinokor-books-four-boxships-at-hd-hyundai-yards/Greece’s Navios Maritime Partners is ramping up its exposure in the container shipping sector with a fresh order for four modern boxships at South Korea’s HJ Shipbuilding & Construction. The Angeliki Frangou-led company is understood to have signed for four 8,000 teu vessels, in a deal valued at approximately $440m, building on its prior orderbook …
https://splash247.com/navios-maritime-adds-to-south-korean-boxship-newbuild-series/
https://splash247.com/navios-maritime-adds-to-south-korean-boxship-newbuild-series/Hanwha Shipping, the shipowning arm of South Korean builder Hanwha Ocean, has added another vessel to its growing in-house fleet, placing an order for an additional VLCC. The Okpo-based yard — formerly known as Daewoo Shipbuilding & Marine Engineering (DSME) — is scheduled to deliver the 300,000 dwt scrubber-fitted supertanker in mid-2027. Hanwha Shipping was …
https://splash247.com/hanwha-shipping-bags-third-vlcc-newbuild/
https://splash247.com/hanwha-shipping-bags-third-vlcc-newbuild/Global commodities powerhouse Trafigura has taken a strategic equity stake in a well-known vessel optimisation brand, ZeroNorth. The new partnership will see ZeroNorth’s platform deployed across Trafigura’s controlled fleet of over 350 vessels, including its voyage optimisation systems, emissions analytics and vessel reporting tools. While financial terms of the transaction were not disclosed, the deal …
https://splash247.com/trafigura-takes-stake-in-zeronorth/
https://splash247.com/trafigura-takes-stake-in-zeronorth/Woodside Energy has signed a non-binding memorandum of understanding (MoU) with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on liquefied natural gas (LNG) project development, engineering services…
https://www.marinelink.com/news/woodside-finds-south-korean-partners-527766
https://www.marinelink.com/news/woodside-finds-south-korean-partners-527766