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Iron ore futures slipped to their lowest levels in a week on Monday, hurt by shrinking steel margins and expectations of lower steel production ahead of a military parade in China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange ended daytime trade 2.67% lower at 766 yuan ($107.09) a metric ton. It hit ...
https://www.hellenicshippingnews.com/iron-ore-hits-one-week-low-on-narrower-steel-margins-weak-demand/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was mostly unchanged on Monday as gains in capesize countered weakness in panamax. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, edged down 1 point to 2,024 points. The capesize index gained 24 points, ...
https://www.hellenicshippingnews.com/baltic-index-steady-as-gains-in-capesize-offset-lower-rates-for-panamax/China’s Wison New Energies and Turkish Petroleum (TPAO) have signed an engineering, procurement, construction, installation, and commissioning contract for the Sakarya gas field Phase III FPU project. The Sakarya gas field, located in the Black Sea, approximately 170 km from the Turkish coast at a water depth of 2,150 m, was discovered in August 2020. …
https://splash247.com/wison-new-energies-secures-sakarya-fpu-contract-with-tpao/
https://splash247.com/wison-new-energies-secures-sakarya-fpu-contract-with-tpao/A chemical tanker owned by Idan Ofer’s Eastern Pacific Shipping came under attack from the Houthis yesterday. The five-year-old, 20,000 dwt Scarlet Ray reported an explosion nearby while underway passing the coastline of Saudi Arabia. No casualties or damage to the ship was reported, with the vessel continuing on its voyage. “The timing is significant, …
https://splash247.com/eastern-pacific-chemical-tanker-attacked-by-the-houthis/
https://splash247.com/eastern-pacific-chemical-tanker-attacked-by-the-houthis/Swiss technology group ABB and Sweden-based ship designer and manager Wallenius Marine have formally established a new joint venture in Stockholm to expand their OVERSEA collaboration, a digital platform aimed at improving vessel efficiency and sustainability. The two companies first introduced OVERSEA in September 2022 as a combined digital solution and fleet-support service. The platform …
https://splash247.com/abb-and-wallenius-marine-launch-venture-for-digital-fleet-optimisation/
https://splash247.com/abb-and-wallenius-marine-launch-venture-for-digital-fleet-optimisation/Singapore-registered tanker Marine Dynamo and a Malta-registered bulk carrier Flag Gangos have collided south of Tanah Merah in Malaysia.Both vessels are stable, following the incident that occurred in the early hours of September 1, the Maritime…
https://www.marinelink.com/news/tanker-bulk-carrier-collide-malaysia-529481
https://www.marinelink.com/news/tanker-bulk-carrier-collide-malaysia-529481Engine developer WinGD has joined the Methane Abatement in Maritime Innovation Initiative (MAMII), becoming the first engine developer to become a partner in the growing cross-sector push to better understand and address methane from LNG-fueled ships.LNG…
https://www.marinelink.com/news/wingd-joins-methane-abatement-initiative-529482
https://www.marinelink.com/news/wingd-joins-methane-abatement-initiative-529482The Caravel Group and Celsius Tankers have formed a joint venture to co-own and operate a new fleet of LNG bunkering vessels. The joint venture has placed a firm order for two 20,000 cu m LNG bunker vessels at China Merchants Industry Holdings and China Merchants Heavy Industry Jiangsu, with deliveries scheduled for the third …
https://splash247.com/caravel-and-celsius-form-lng-bunkering-jv/
https://splash247.com/caravel-and-celsius-form-lng-bunkering-jv/United Shipping & Trading Company (USTC), the Danish shipping and logistics group owned by the Østergaard-Nielsen family, has filed a complaint with the Danish Press Council against the daily tabloid Ekstra Bladet, accusing it of breaching press ethics in its reporting on founder Torben Østergaard-Nielsen. The move follows months of front-page criticism linking the billionaire …
https://splash247.com/danish-shipping-group-ustc-pushes-back-against-press-attacks/
https://splash247.com/danish-shipping-group-ustc-pushes-back-against-press-attacks/Swedish tanker owner Furetank has stepped up its decarbonisation drive, securing large-scale supplies of liquefied biomethane (LBM) to run its fleet and setting up a new company to trade emission reductions under the EU’s FuelEU Maritime regulation. The Gothenburg-based operator will power all of its dual-fuel Vinga series vessels trading in the EU on renewable …
https://splash247.com/furetank-moves-ahead-with-biogas-fleet-and-new-carbon-trading-arm/
https://splash247.com/furetank-moves-ahead-with-biogas-fleet-and-new-carbon-trading-arm/