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Iron ore futures prices held well over the key psychological level of $100 a metric ton on Tuesday, while investors closely monitored the renewed Sino-US trade talks for signs of progress. The benchmark September iron ore on the Singapore Exchange climbed 1.9% to $102.7 a ton, as of 0700 GMT. The most-traded September iron ore ...
https://www.hellenicshippingnews.com/iron-ore-stays-above-100-t-amid-sino-us-trade-talks-coal-slump-continues/Major bulk, made up of iron ore, coal, and grains, export volumes through the first half of the year have consistently fallen below that of 2024, but still sit within normal ranges. The global geopolitical landscape has been marked by uncertainty, rising tensions, and greater protectionist policies. In particular, China and the US have continued ...
https://www.hellenicshippingnews.com/steel-crops-coal-the-global-tug-of-war/
https://www.hellenicshippingnews.com/steel-crops-coal-the-global-tug-of-war/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, fell on Tuesday to its lowest level in a week, pressured by weaker demand across all vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 117 points, or 5.3%, to 2,109 points, ...
https://www.hellenicshippingnews.com/baltic-index-hits-one-week-low-as-vessel-rates-across-segments-fall/Diversified UK shipowner Union Maritime has closed a $130m delivery financing package for two next‑generation LR2 tankers. The deal was led by Société Générale and the Export–Import Bank of China and arranged through a syndicated facility. The vessels are scheduled for delivery from Yangzijiang Shipbuilding in late 2025 and early 2026. Each tanker newbuild will …
Consulting and engineering firm Wood has added another chapter to the takeover saga that has been going on since last year. Dar Al-Handasah Consultants Shair and Partners Holdings, also known as Sidara, has been courting the UK firm with different offers to sell up since April of last year. After declining several offers, Wood finally …
https://splash247.com/wood-sidara-saga-continues-with-more-delays/
https://splash247.com/wood-sidara-saga-continues-with-more-delays/Greece-based offshore contractor Asso.subsea has been awarded the nearshore cable installation scope for TenneT’s three projects offshore Germany. The three projects are part of TenneT’s 2GW program and include BalWin4, LanWin1, and LanWin5, located off the northwestern coast of Baltrum Island. This also marks the beginning of a new collaboration between Asso.subsea and Jan De …
https://splash247.com/asso-subsea-scores-cabling-work-for-tennet-off-germany/
https://splash247.com/asso-subsea-scores-cabling-work-for-tennet-off-germany/A consortium of Boskalis and Allseas has been awarded a contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao. The total contract value is approximately €1.2bn ($1.39). This project is intended to improve the gas supply capacity in northern Taiwan. Under the contract, the consortium will design, construct, install, …
https://splash247.com/boskalis-and-allseas-to-construct-1-4bn-gas-pipeline-off-taiwan/
https://splash247.com/boskalis-and-allseas-to-construct-1-4bn-gas-pipeline-off-taiwan/Norwegian offshore wind installation player Fred Olsen Windcarrier has been selected by Skyborn Renewables, a German offshore wind developer of Blackrock’s Global Infrastructure Partners (GIP), to handle transport and installation of the wind turbines for the Gennaker offshore wind farm in the German Baltic Sea. The two companies are targeting to firm up the deal …
https://splash247.com/fred-olsen-windcarrier-lands-german-wind-farm-deal/
https://splash247.com/fred-olsen-windcarrier-lands-german-wind-farm-deal/Analysts question feasibility as framework trade deal outpaces current U.S. export capacityThe European Union’s commitment to purchase $250 billion in U.S. energy supplies annually under a new trade framework with Washington faces significant market challenges…
https://www.marinelink.com/news/eu-spending-bperyear-spending-us-energy-528408
https://www.marinelink.com/news/eu-spending-bperyear-spending-us-energy-528408Construction on a new 24-m catamaran is complete with Elysian set to enter service for its private owners. The project has seen Incat Crowther collaborate with the owner throughout all aspects of the project including design, the shipyard tendering process…
https://www.marinelink.com/news/incat-crowtherdesign-motor-yacht-elysian-528409
https://www.marinelink.com/news/incat-crowtherdesign-motor-yacht-elysian-528409