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During the DEEPDIVE - Analyst and Investor Underwater Day held in Milan, Fincantieri presented its long-term strategic vision for the development of its underwater segment to the financial community.Accounting for about 4% of Group revenue in 2024…
https://www.marinelink.com/news/fincantieri-presents-underwater-segment-525886
https://www.marinelink.com/news/fincantieri-presents-underwater-segment-525886Egypt has officially declared seven missing people, including five foreigners, dead after a tourist boat capsized off Egypt’s Red Sea coast in November.A decree published in the official gazette on Sunday by the country's prime minister deemed two British and two Polish tourists…
https://www.marinelink.com/news/egypt-declares-seven-people-dead-capsized-525890
https://www.marinelink.com/news/egypt-declares-seven-people-dead-capsized-525890Iron ore futures fell on Monday, pressured by weaker-than-expected economic data from top consumer China and uncertain near-term demand for the steelmaking material. The most-traded September iron ore contract on China’s Dalian Commodity Exchange TIO1! ended daytime trade 0.89% lower at 722.5 yuan ($100.15) a metric ton. The benchmark June iron ore (SZZFM5) on the ...
https://www.hellenicshippingnews.com/iron-ore-falls-on-weak-china-economic-data/
https://www.hellenicshippingnews.com/iron-ore-falls-on-weak-china-economic-data/VesselsValue’s Timeseries product can be used to assess when may be a good time to start financing a specific vessel type. In this instance, we’ve taken a look at the Panamax sector and have compared newbuilding orders with demolition levels alongside trends in values. Values for Panamaxes have moved lower across most sub sectors and ...
https://www.hellenicshippingnews.com/is-this-a-good-time-to-start-financing-panamax-bulkers/
https://www.hellenicshippingnews.com/is-this-a-good-time-to-start-financing-panamax-bulkers/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell on Monday, ending a two-session winning streak, as softer capesize rates weighed on the market. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 41 points, or 3%, to 1,347. ...
https://www.hellenicshippingnews.com/baltic-index-down-on-lower-capesize-rates-2/
https://www.hellenicshippingnews.com/baltic-index-down-on-lower-capesize-rates-2/UAE-based fabricator Lamprell has signed a memorandum of understanding with Taiwanese owner and operator Dong Fang Offshore for a newbuild wind turbine installation and maintenance vessel. The GustoMSC-designed NG-9000X vessel will be built in compliance with Taiwanese shipping law. It will feature a heavy-lift crane, DP-2 positioning, legs with spud cans for challenging conditions, accommodation …
https://splash247.com/lamprell-pens-wind-installation-vessel-deal-with-dong-fang-offshore/
https://splash247.com/lamprell-pens-wind-installation-vessel-deal-with-dong-fang-offshore/Swiss-based Medlog, a growing inland cargo business of the world’s largest liner, Mediterranean Shipping Co (MSC), has made its entry into Ukrainian logistics. Local media report Medlog has bought 50% of the Ukrainian intermodal logistics operator N’UNIT (New Ukrainian Network of Intermodal Terminals) and a 25% stake in the cross-border terminal Mostyska. The transaction involves …
https://splash247.com/msc-invests-in-ukrainian-inland-logistics/
https://splash247.com/msc-invests-in-ukrainian-inland-logistics/Danish shipping giant Norden has signed its first port logistics project in Australia with Kimberley Metals Group (KMG), a developer and operator of iron ore mining projects. Norden will provide additional assets for the existing transhipment operation, loading iron ore from the port of Wyndham in Western Australia onto barges and ocean-going vessels. The contract …
https://splash247.com/norden-signs-iron-ore-port-logistics-deal-in-australia/
https://splash247.com/norden-signs-iron-ore-port-logistics-deal-in-australia/Denmark’s Lauritzen Bulkers has appointed Martin Sato as its new chief executive. Sato, who previously spent 18 years at J. Lauritzen’s dry bulk business, will join the Copenhagen-based shipowner and operator by December from fellow handysize bulker player BaltNav, where he has served as CEO since 2024. “Martin returns to Lauritzen Bulkers with deep knowledge …
https://splash247.com/martin-sato-returns-as-ceo-at-lauritzen-bulkers/
https://splash247.com/martin-sato-returns-as-ceo-at-lauritzen-bulkers/Guyana's parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels.The bill, which passed with a majority of votes cast in a simple voice vote, is expected to soon be signed into law by President Irfaan Ali.Guyana…
https://www.marinelink.com/news/guyana-passes-bill-making-firms-liable-525860
https://www.marinelink.com/news/guyana-passes-bill-making-firms-liable-525860