Access cargoes, ship positions, ships and parts for sale, news, events and jobs
Somalia's government said on Monday it is annulling all agreements with the United Arab Emirates, including port deals and defence and security cooperation, accusing the UAE of undermining its national sovereignty."This decision is based on…
https://www.marinelink.com/news/somalia-ends-port-deals-security-534305
https://www.marinelink.com/news/somalia-ends-port-deals-security-534305Shipments of iron ore on the Great Lakes totaled 4.6 million tons in December, a decrease of 4.5 percent compared to a year ago. Shipments were just slightly above the 5-year average for the month.The year-end total for the iron ore trade stands at 49.8 million tons…
https://www.marinelink.com/news/great-lakes-iron-ore-trade-down-percent-534306
https://www.marinelink.com/news/great-lakes-iron-ore-trade-down-percent-534306Iron ore futures edged higher on Monday as top consumer China’s latest pledge to roll out a package of polices to spur domestic consumption lifted sentiment. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 0.92% higher at 822.5 yuan ($117.92) a metric ton. The benchmark February iron ...
https://www.hellenicshippingnews.com/iron-ore-gains-as-china-pledges-package-of-stimulus-polices/
https://www.hellenicshippingnews.com/iron-ore-gains-as-china-pledges-package-of-stimulus-polices/Global seaborne iron ore exports climbed to a near-record 38.50 Mt in the week ending 28 December, as miners expedited quarter-end shipments for reporting purposes. Rio Tinto led the charge, with loadings surging to a three-year high of 7.72 Mt, while Vale’s exports from Brazil also rose to a three-month peak despite heavier seasonal rainfall. ...
https://www.hellenicshippingnews.com/2025-dry-bulk-carrier-earnings-lag-2024-across-all-classes-despite-strong-h2-performance/The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, fell for the sixth straight session on Monday, pressured by losses in vessel rates across the board. The main index, which tracks rates for capesize, panamax and supramax vessels, lost 29 points, or 1.7%, to 1,659, its lowest since ...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-as-vessel-rates-sink-across-segments/Italian-Swiss dry bulk group Nova Marine Carriers has tightened its grip on the Port of Amsterdam after completing the acquisition of the Waterland Terminal in a joint venture with Germany’s Aug. Bolten and Spain’s Ership. The deal was executed through Dutch subsidiary Maja Stuwadoors Groep, which reached a final agreement with VCK Holding to acquire …
https://splash247.com/nova-marine-carriers-jv-doubles-down-on-amsterdam-logistics/
https://splash247.com/nova-marine-carriers-jv-doubles-down-on-amsterdam-logistics/Korean shipping and shipbuilding interests are stepping up collaboration on wind-assisted propulsion. HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai’s mid-level holding company for institutional shipbuilding, has begun sea trials of its self-developed Wing Sail system after installing a prototype on a tanker operated by HMM. The trials are being carried out on …
https://splash247.com/korean-developed-wing-sail-mounted-on-an-hmm-tanker/
https://splash247.com/korean-developed-wing-sail-mounted-on-an-hmm-tanker/Eastern Pacific Shipping has moved to reshape its gas shipping leadership after completing the merger between its LNG unit CoolCo and subsidiary EPS Ventures earlier this month. The Idan Ofer-controlled group confirmed that former Flex LNG and Avance Gas chief executive Øystein Kalleklev will take charge of the combined gas platform, assuming the role of …
https://splash247.com/kalleklev-takes-helm-of-eps-gas-fleet-after-coolco-merger/
https://splash247.com/kalleklev-takes-helm-of-eps-gas-fleet-after-coolco-merger/Monaco-headquartered product carrier major Scorpio Tankers has sold one of its LR2 tankers. The New York-listed owner said the 2015-built scrubber-fitted LR2 product tanker STI Kingsway for $57.5m to an undisclosed buyer. According to the Emanuele Lauro-led company, the sale is expected to close within the first or second quarter of 2026. After the sale, …
https://splash247.com/scorpio-tankers-sheds-11-year-old-lr2/
https://splash247.com/scorpio-tankers-sheds-11-year-old-lr2/Vard, the Norwegian subsidiary of the Fincantieri Group, has signed a new contract with existing customer Ocean Infinity for the design and construction of four Multi-Purpose Robotic Vessels (MPVs).The contract, whose value exceeds $230 million (€200 million)…
https://www.marinelink.com/news/vard-build-four-new-multipurpose-robotic-534259
https://www.marinelink.com/news/vard-build-four-new-multipurpose-robotic-534259