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India’s iron ore imports hit a six-year high this year as steel mills stepped up overseas purchases to overcome shortages of high-grade ore and take advantage of lower global prices for the steelmaking raw material, analysts and trade officials said. Iron ore imports more than doubled to over 10 million metric tons in the first ...
https://www.hellenicshippingnews.com/indias-january-october-iron-ore-imports-at-six-year-high-jsw-steel-top-buyer/China’s import of thermal coal so far this year trails the same period in 2024 by over 14%, weighing on global capesize demand. Chinese seaborne thermal coal demand weakened in 2025 due to two key factors: Stronger domestic coal production, up 1.5% y/y in the first 10 months of 2025. Rapid expansion of renewable energy ...
https://www.hellenicshippingnews.com/coal-continues-to-lose-power-in-the-china-bound-capesize-market/The ship recycling market is still seeing sub par levels of activity. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market remains cautious this week as persistent and unpredictable dollar fluctuations continue to affect local sentiment, keeping buyers hesitant. Purchasing interest for new units, particularly ...
https://www.hellenicshippingnews.com/slow-activity-for-the-ship-recycling-market/
https://www.hellenicshippingnews.com/slow-activity-for-the-ship-recycling-market/Shipbroker IFCHOR Galbraiths (IG) is acquiring Brazilian dry bulk shipbroker Aries Shipping for an undisclosed price. Founded in 2005, Aries Shipping is a Rio de Janeiro based firm led by Marcela Rosman and Bruna Moraes. This move follows IG’s launch of a Houston desk dedicated to the US Jones Act tanker market and forms part …
https://splash247.com/ifchor-galbraiths-acquires-brazilian-broker/
https://splash247.com/ifchor-galbraiths-acquires-brazilian-broker/Hydrogen’s footprint in transport is widening – from cars and buses to tractors and now ships – with Hyundai Motor stepping up as a key catalyst. This week in Seoul, Hyundai Motor signed a multilateral MOU with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and Pusan National University to develop and commercialise hydrogen fuel-cell …
https://splash247.com/hyundai-motor-brings-hydrogen-push-to-shipping-with-new-fuel-cell-drive/
https://splash247.com/hyundai-motor-brings-hydrogen-push-to-shipping-with-new-fuel-cell-drive/Alpha Bulkers, long established in the supramax-to-capesize dry bulk segments, has become the latest Greek owner to pivot into containers, lining up an 11-ship newbuilding programme. Alphaliner is reporting the company has ordered conventionally powered vessels of 1,900 teu, 3,100 teu and 4,500 teu – designs that have become standard in the charter market due …
https://splash247.com/alpha-bulkers-signs-for-11-containerships-in-china/
https://splash247.com/alpha-bulkers-signs-for-11-containerships-in-china/Nine Filipino seafarers held hostage by Yemen-based Houthi militants following an attack on the Eternity C are set to be released and transferred from Sana’a to Muscat, the Philippine Department of Foreign Affairs (DFA) has confirmed. The DFA said it received confirmation of the imminent release from Omani authorities, following months of diplomatic engagement. The …
https://splash247.com/nine-filipino-seafarers-to-be-released-after-red-sea-houthi-attack/
https://splash247.com/nine-filipino-seafarers-to-be-released-after-red-sea-houthi-attack/Taiwanese owner and operator Dong Fang Offshore (DFO) has firmed up its next phase of growth with the signing of a subsea and cable lay vessel (CLV) newbuilding contract with Norway’s Westcon. The deal will see the yard take over and complete a large CLV already under construction, with delivery set for the first quarter …
https://splash247.com/dong-fang-offshore-locks-in-clv-newbuild/
https://splash247.com/dong-fang-offshore-locks-in-clv-newbuild/IKEA Supply has joined DCSA+, the Digital Container Shipping Association’s partnership programme for advancing digital standards across the container shipping industry. As the first shipper to participate, IKEA Supply adds the cargo owner perspective to a growing community of carriers, forwarders, terminals, feeders and technology providers working together to improve interoperability and data exchange through …
Large bulkers specialist Winning International Group has expanded its push into the very large ore carrier segment, ordering another six 325,000 dwt VLOCs from CSSC Beihai Shipbuilding to support its growing West Africa–China bauxite trade. The Singapore-based owner — which runs a fleet of more than 100 bulkers, over 50 of them owned — signed …
https://splash247.com/winning-doubles-down-on-large-bauxite-carriers-with-six-more-newbuilds/
https://splash247.com/winning-doubles-down-on-large-bauxite-carriers-with-six-more-newbuilds/