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Asia dominates the global thermal coal market but the future is looking increasingly split between robust domestic markets in the three heavyweights of China, India and Indonesia and a gradually fading seaborne market. The three countries account for just over 70% of global coal production and they have been rapidly expanding output in recent years ...
https://www.hellenicshippingnews.com/the-big-three-of-asias-thermal-coal-look-healthy-others-pale/
https://www.hellenicshippingnews.com/the-big-three-of-asias-thermal-coal-look-healthy-others-pale/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose on Tuesday, supported by higher capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 28 points to 2,200 points. The capesize index gained 104 points to 3,469 points. ...
https://www.hellenicshippingnews.com/baltic-index-edges-up-on-higher-rates-for-capesize-vessels/
https://www.hellenicshippingnews.com/baltic-index-edges-up-on-higher-rates-for-capesize-vessels/Greek offshore contractor Asso.subsea has signed a deal with China Merchants Heavy Industry’s Shenzhen yard for the construction of a new trenching support vessel (TSV). Named Avra, the vessel, due for delivery at the end of 2027, is being billed as the most powerful purpose-built TSV to date, with 24 MW of installed hybrid power …
https://splash247.com/asso-subsea-contracts-trenching-support-newbuild-at-china-merchants-shipyard/
https://splash247.com/asso-subsea-contracts-trenching-support-newbuild-at-china-merchants-shipyard/Japan’s Itochu Corp has returned to China’s New Dayang Shipyard with an order for two more ultramax bulk carriers. The trading house has booked two 64,500 dwt vessels at the Jiangsu yard, part of the state-run Sumec Group, although the price and delivery dates have not been disclosed. The deal lifts Itochu’s ultramax orderbook at …
https://splash247.com/itochu-returns-to-new-dayang-for-fresh-ultramax-pair/
https://splash247.com/itochu-returns-to-new-dayang-for-fresh-ultramax-pair/German shipowner Vogemann has reportedly returned to China for another round of bulk carrier newbuildings, with reports linking the Hamburg-based company to a fresh series of kamsarmax orders at Hengli Heavy Industries in Dalian. Shipbroking and market sources suggest Vogemann has committed to six 82,000 dwt vessels at the yard, with deliveries lined up for …
https://splash247.com/vogemann-linked-to-six-kamsarmaxes-at-hengli-heavy/
https://splash247.com/vogemann-linked-to-six-kamsarmaxes-at-hengli-heavy/The crew of the 2008-built bulker Eleen Armonia has been stranded in Nigeria for more than three months without receiving salaries. According to an email sent to Splash from a crew representative, many crew contracts have already expired, but the owner of the Liberian-flagged vessel has refused to arrange repatriation or crew change. He also …
https://splash247.com/bulker-crew-stranded-in-nigeria-without-pay-for-three-months/
https://splash247.com/bulker-crew-stranded-in-nigeria-without-pay-for-three-months/Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would allow the company to enhance capital and operational efficiencies while unlocking value from one of its surplus facilities. Following the sale, …
https://splash247.com/seatrium-offloads-us-shipyard-to-karpowership/
https://splash247.com/seatrium-offloads-us-shipyard-to-karpowership/Greek bulker owner Diana Shipping has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its kamsarmax dry bulk vessels. The company hired the 2014-built, 82,165 dwt bulker Leonidas P. C. The gross charter rate is $14,000 per day, minus a 5% commission paid to third parties, until …
https://splash247.com/diana-shipping-charters-out-kamsarmax-to-nyk-line/
https://splash247.com/diana-shipping-charters-out-kamsarmax-to-nyk-line/Westar Marine Services, a cornerstone of the Bay Area maritime community since 1976, has officially entered a new chapter of leadership. After more than four decades at the helm, co-owners Mary McMillan and Wendy Morrow—pioneering women in the…
https://www.marinelink.com/news/westar-marine-services-appoints-new-530300
https://www.marinelink.com/news/westar-marine-services-appoints-new-530300South Korean defense, shipbuilding and energy solutions provider Hanwha Group has appointed Alex Wong as Global Chief Strategy Officer (CSO) to lead the company's strategic initiatives in international markets.In this newly created role based in Washington…
https://www.marinelink.com/news/hanwha-appoints-former-us-deputy-national-530301
https://www.marinelink.com/news/hanwha-appoints-former-us-deputy-national-530301