Access cargoes, ship positions, ships and parts for sale, news, events and jobs
Iron ore futures edged up on Friday as China announced that it would continue with its export licensing plans, but ultimately ended the week lower as inventories grow and demand cools. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) traded up 0.71% at 783 yuan($111.74) a metric ton. The contract was ...
https://www.hellenicshippingnews.com/iron-ore-ends-the-week-lower-due-to-lower-demand-stockpile-build-up/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, inched lower on Wednesday, but logged its best year since 2016. The Baltic report will not be published until January 2, 2026 due to post-Christmas and New Year holidays. The main index which factors in rates for capesize, ...
https://www.hellenicshippingnews.com/baltic-index-logs-best-year-since-2016/
https://www.hellenicshippingnews.com/baltic-index-logs-best-year-since-2016/Oil prices fell by more than $1 a barrel on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of talks this weekend between Ukrainian President Volodymyr Zelenskiy and U.S.
https://www.marinelink.com/news/oil-prices-fall-looming-supply-glut-533875
https://www.marinelink.com/news/oil-prices-fall-looming-supply-glut-533875Norwegian Car Carriers (NOCC) has added another ship to its growing car carrier programme in China, signing up for a fourth dual-fuel newbuilding at CIMC Raffles. The Oslo-based owner, controlled by a company advised by JP Morgan, has ordered a 7,000 ceu vessel capable of running on LNG. Chief executive Olav Sollie confirmed the deal …
https://splash247.com/jp-morgan-backed-nocc-tops-up-china-car-carrier-orderbook/
https://splash247.com/jp-morgan-backed-nocc-tops-up-china-car-carrier-orderbook/German chemical tanker owner John T. Essberger is pressing ahead with its fleet renewal programme, signing up to six newbuildings at a another Chinese shipyard. The Hamburg-based group has placed firm orders for two 7,900 dwt duplex stainless steel chemical tankers, with two-plus-two options, at China Merchants Industry Yangzhou Dingheng. The vessels will be built …
https://splash247.com/essbergers-newbuild-push-rolls-on-with-up-to-six-chemical-tankers-in-china/
https://splash247.com/essbergers-newbuild-push-rolls-on-with-up-to-six-chemical-tankers-in-china/Taiwanese liner group Yang Ming has returned to the newbuilding market through its bulk shipping arm Kuang Ming Shipping, placing orders for four ultramax bulk carriers in Japan. According to a stock exchange filing, the contracts carry a combined value of between NT$4.9bn and NT$5.4bn (about $155m–$171m), signalling longer-term confidence in dry bulk demand. The …
https://splash247.com/yang-mings-dry-bulk-arm-lines-up-ultramax-quartet-at-japanese-yards/
https://splash247.com/yang-mings-dry-bulk-arm-lines-up-ultramax-quartet-at-japanese-yards/Greek interests remain active in the newbuilding market, with Monte Nero Maritime securing a pair of LR2 product tanker orders at China’s fast-growing Hengli Shipbuilding. In a regulatory filing over the weekend, Songfa Ceramics, the Shanghai-listed parent of Hengli Shipbuilding, disclosed that the yard has signed contracts for two 114,000 dwt LR2 product tankers. The …
https://splash247.com/monte-nero-expands-tanker-play-with-lr2-order-in-china/
https://splash247.com/monte-nero-expands-tanker-play-with-lr2-order-in-china/Pacific Basin Shipping has turned to China for its latest newbuilding move, signing up a quartet of handysize bulk carriers in a break from its long-standing preference for Japanese yards. The Hong Kong-listed owner-operator of more than 250 bulkers has struck a deal at Jiangmen Nanyang Ship Engineering (JNS) to acquire four 40,000 dwt vessels …
https://splash247.com/pacific-basin-signs-up-for-chinese-handysize-newbuilds/
https://splash247.com/pacific-basin-signs-up-for-chinese-handysize-newbuilds/Idan Ofer’s Eastern Pacific Shipping has added another slice to its already sizeable newbuilding programme, this time with a fresh capesize bulker order in China. The Singapore-headquartered owner has signed up four 180,000 dwt capesize bulk carriers at Hengli Shipbuilding. The vessels are set for delivery in 2027, with the deal valued between $200m and …
https://splash247.com/eastern-pacific-adds-capes-to-swelling-hengli-orderbook/
https://splash247.com/eastern-pacific-adds-capes-to-swelling-hengli-orderbook/Iran has seized a foreign oil tanker near the Iranian island of Qeshm in the Gulf, saying it was carrying 4 million litres of smuggled fuel, state media reported on Friday.Authorities did not name the vessel or disclose its nationality. They…
https://www.marinelink.com/news/iran-seizes-foreign-tanker-alleged-fuel-533865
https://www.marinelink.com/news/iran-seizes-foreign-tanker-alleged-fuel-533865