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India is holding off on plans to hike its export duty on low-grade iron ore and pellets as resistance from the domestic mining industry grows, a source familiar with the matter said. The government has been considering raising the export duty to between 20% and 30%, from zero now, according to the source and two ...
https://www.hellenicshippingnews.com/india-unlikely-to-raise-export-duty-soon-on-low-grade-iron-ore-pellets-says-source/Iron ore futures prices edged lower across major exchanges on Wednesday, weighed by rising shipments from top producer Brazil and a cautious steel demand outlook. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.12% lower at 804.5 yuan ($113.17) a metric ton. The benchmark September iron ore on the Singapore ...
https://www.hellenicshippingnews.com/iron-ore-dips-on-higher-shipments-demand-concerns/
https://www.hellenicshippingnews.com/iron-ore-dips-on-higher-shipments-demand-concerns/Following a weak start to 2025, Indonesian thermal coal shipments are showing signs of recovery. June marked the lowest monthly volume of the year at around 35 million tonnes, but by August exports had rebounded to nearly 48 million tonnes, surpassing year-ago levels. While first-half flows totaled 236.4 million tonnes, down from 263.0 million tonnes ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-indonesian-coal-flows-gradually-rebound/
https://www.hellenicshippingnews.com/dry-bulk-shipping-indonesian-coal-flows-gradually-rebound/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose for the fourth consecutive session on Wednesday, nearing a two-month high supported by gains in capesize vessel. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 26 points, or 1.2%, to ...
https://www.hellenicshippingnews.com/baltic-index-nears-two-month-high-on-capesize-gains/
https://www.hellenicshippingnews.com/baltic-index-nears-two-month-high-on-capesize-gains/Japanese biopharmaceutical company Takeda has tapped Bordeaux-based VELA Transport to transport its products between Europe and the US using VELA’s first-of-its-kind sailing cargo trimaran. VELA designed and will operate a fleet of new generation aluminium sailing cargo vessels, powered 100% by wind when at sea. Purpose-built to handle pharmaceutical products, VELA will offer reliable, secure …
https://splash247.com/medicines-to-be-shipped-across-the-atlantic-by-trimaran/
https://splash247.com/medicines-to-be-shipped-across-the-atlantic-by-trimaran/South Korea’s Hanwha Ocean has won a KRW1.93trn ($1.4bn) order from Taiwan’s Yang Ming Marine Transport Corp for seven liquefied natural gas (LNG) dual-fuel containerships that come with some unique features. The vessels, each with a capacity of 15,880 teu, will deliver in the first half of 2029. The project will feature the world’s first …
https://splash247.com/hanwha-ocean-wins-first-orders-from-yang-ming/
https://splash247.com/hanwha-ocean-wins-first-orders-from-yang-ming/Japanese shipowner Nissen Kaiun has become a shareholder in Dutch wind tech pioneer Econowind. Econowind has developed the VentoFoil, a wing-shaped wind-assist device. More than 130 units have been sold globally, with customers ranging from shortsea and deepsea operators across all market segments. “We recognised that Econowind has a mature wind-assisted ship propulsion solution in …
https://splash247.com/japanese-shipowner-nissen-kaiun-takes-stake-in-dutch-wind-assist-pioneer/
https://splash247.com/japanese-shipowner-nissen-kaiun-takes-stake-in-dutch-wind-assist-pioneer/The shipping sector is still off track to meet its climate target of having at least 5-10% of the fuel used in international shipping come from scalable zero-emission sources by 2030, according to a new progress report. The fourth annual report of its kind, Progress towards shipping’s 2030 breakthrough – 2025 edition, follows the International …
https://splash247.com/shipping-off-track-on-2030-fuel-goals/
https://splash247.com/shipping-off-track-on-2030-fuel-goals/The Maritime Just Transition Task Force (MJTTF) has released industry-first training frameworks designed to facilitate the development of training programmes for seafarers for working on ships powered by ammonia, methanol and hydrogen. The MJTTF was formed at COP26 four years ago by the International Chamber of Shipping (ICS), the International Transport Workers’ Federation (ITF), the …
Toro Corp has struck another related-party deal, selling one of its LPG carriers to an affiliate of chairman Petros Panagiotidis for $20m. The Nasdaq-listed owner is offloading the 2020-built, 4,700 cu m Dream Terrax to a subsidiary of Robin Energy, another Panagiotidis-controlled Nasdaq-listed vehicle. The sale, reviewed and cleared by independent directors on both companies’ …
https://splash247.com/petros-panagiotidis-firms-up-second-lpg-swap-between-toro-and-robin/
https://splash247.com/petros-panagiotidis-firms-up-second-lpg-swap-between-toro-and-robin/