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In Norway, made rich by oil and gas, the idea of shutting fields sends chills, but that is exactly what the small Green Party is pushing as a global switch away from fossil fuels looms.And it's a demand with greater meaning after Monday's election…
https://www.marinelink.com/news/green-party-norway-pushes-oil-phaseout-529807
https://www.marinelink.com/news/green-party-norway-pushes-oil-phaseout-529807Brazil's President Luiz Inacio Lula da Silva said on Tuesday that environmental agency Ibama should be satisfied with the results of an emergency drill done by state-run oil firm Petrobras in the country's Foz do Amazonas basin, ahead of Ibama's…
https://www.marinelink.com/news/petrobras-completes-test-offshore-oil-529808
https://www.marinelink.com/news/petrobras-completes-test-offshore-oil-529808Iron ore futures climbed for a sixth straight session on Tuesday, driven by mounting concerns over supply prospects from the giant Simandou project in Guinea, coupled with expectations of improving demand in top consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 2.03% higher at 805 ...
https://www.hellenicshippingnews.com/iron-ore-rallies-on-simandou-supply-concerns-restocking-demand/
https://www.hellenicshippingnews.com/iron-ore-rallies-on-simandou-supply-concerns-restocking-demand/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a more than one-month high on Tuesday, driven by higher rates across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, increased by 60 points, or 3%, to 2,079 ...
https://www.hellenicshippingnews.com/baltic-index-rises-to-over-one-month-high-on-gains-across-all-vessels/Ship owners’ “appetite” for dry bulk newbuildings and second hand ships increased last week. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Dalian Shipbuilding Industry in China secured an order for 2 x 7,165 teu carriers from the Singapore-based company Asiatic Lloyd. The price for each vessel is $40 ...
https://www.hellenicshippingnews.com/dry-bulk-sp-market-heats-up/
https://www.hellenicshippingnews.com/dry-bulk-sp-market-heats-up/Greece’s Navios Maritime Partners has confirmed its latest move in the boxship newbuilding market with four ships snapped up in a $460m resale deal. The Angeliki Frangou-led outfit is paying $115.1m apiece for the 8,850 teu methanol-ready and scrubber-fitted vessels from an undisclosed third party. The quartet comes backed by charters running 5.2 years, worth …
https://splash247.com/navios-partners-snaps-up-boxship-newbuild-resales-in-460m-deal/
https://splash247.com/navios-partners-snaps-up-boxship-newbuild-resales-in-460m-deal/Turkish bulker owner GSD Marin has returned to Japan for another ultramax order, signing a deal with Nihon Shipyard for a 64,000 dwt newbuild due in 2029. The Istanbul-listed subsidiary of GSD Holding already has a similar ship on order at the same yard, a joint venture between Imabari Shipbuilding and Japan Marine United, set …
https://splash247.com/turkeys-gsd-marin-returns-to-japan-for-fresh-ultramax-order/
https://splash247.com/turkeys-gsd-marin-returns-to-japan-for-fresh-ultramax-order/Monaco-headquartered Scorpio Tankers has struck a deal to sell one of its modern MR product carriers. The New York-listed company is selling the 2020-built scrubber-fitted STI Maestro to an unnamed buyer for $42m, with the sale expected to close in the fourth quarter. Brokers have linked the vessels to Vasileiadis-led Venergy Maritime, a Greek tanker …
https://splash247.com/scorpio-tankers-offloads-modern-mr-for-42m/
https://splash247.com/scorpio-tankers-offloads-modern-mr-for-42m/SunStone Maritime Group A/S, touted as the world’s largest tonnage provider to the expedition cruise industry, announced the delivery of the seventh and final vessel in this first series of newbuilds, the Douglas Mawson. The delivery took place at China Merchants Heavy Industry in Haimen…
https://www.marinelink.com/news/sunstone-expedition-cruise-vessel-529775
https://www.marinelink.com/news/sunstone-expedition-cruise-vessel-529775Artificial Intelligence (AI) is set to transform -- among many industries -- the marine insurance sector, presenting both significant opportunities and pressing challenges, a message delivered at the International Union of Marine Insurance (IUMI)…
https://www.marinelink.com/news/ai-marine-insurance-presents-reward-risks-529778
https://www.marinelink.com/news/ai-marine-insurance-presents-reward-risks-529778