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Dalian iron ore futures prices closed lower on Thursday, pressured by increasing supply from top miners Vale and Fortescue, and higher steel inventories at Chinese mills. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.55% lower at 811 yuan ($113.40) a metric ton. The benchmark August iron ore ...
https://www.hellenicshippingnews.com/dalian-iron-ore-drops-on-stronger-supply-inventories/
https://www.hellenicshippingnews.com/dalian-iron-ore-drops-on-stronger-supply-inventories/This week’s Chart Monitor highlights a continued upward trend in Brazilian iron ore shipments. Since the end of Q1, each month’s closing volume has exceeded levels seen in previous years. The first quarter of 2025 closed with approximately 70 million tons shipped, followed by over 80 million tons in Q2. These figures are notably higher ...
https://www.hellenicshippingnews.com/weekly-dry-market-monitor-spotlight-on-brazilian-iron-ore-shipments-to-the-far-east/The Baltic Exchange’s main sea freight index rose for the third straight session on Thursday, driven by higher rates for capesize vessels. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, rose 138 points, or 6.5%, to 2,258 points, its highest level since March 2024. The capesize index climbed to a ...
https://www.hellenicshippingnews.com/baltic-index-extends-gains-on-strong-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-extends-gains-on-strong-capesize-rates/Taiwanese carrier Yang Ming Marine Transport has added to its methanol dual-fuel-ready 8,000 teu containership series with three newbuilds booked for construction at Japan’s Nihon Shipyard. The deal, disclosed in a stock exchange filing, is worth between $351m and $394m, with delivery from the Imabari Shipbuilding-Japan Marine United joint venture yard scheduled between 2028 and …
https://splash247.com/yang-ming-bolsters-methanol-ready-boxships-newbuild-series-in-japan/
https://splash247.com/yang-ming-bolsters-methanol-ready-boxships-newbuild-series-in-japan/The 49-year-old Comoros-flagged livestock carrier Merinos Livestock was approached today by a wooden boat approximately 35 nautical miles south-southwest of Hodeidah, Yemen, according to maritime security specialist Vanguard Tech. The captain reported that the small boat opened fire and instructed them to proceed to Mokha, Vanguard Tech related in an alert sent to clients. The …
https://splash247.com/livestock-carrier-comes-under-fire-off-yemen/
https://splash247.com/livestock-carrier-comes-under-fire-off-yemen/Monaco-based dry bulk pool giant C Transport Maritime (CTM) has invested in CRABI Robotics, a US-based startup developing an autonomous hull cleaning system aimed at tackling biofouling while ships remain in transit. The partnership will also see CTM serve as a pilot partner, helping the robotics firm bring its in-transit hull cleaning technology closer to …
https://splash247.com/ctm-taps-in-transit-hull-cleaning-robots/
https://splash247.com/ctm-taps-in-transit-hull-cleaning-robots/German condition monitoring solutions specialist CM Technologies (CMT) is seeking owners and operators to help it out in trials to capture data on one of the shipping industry’s most costly and underreported problems: cylinder liner scuffing in two-stroke engines. Scuffing, a form of sudden severe wear, can result in catastrophic engine damage and vessel downtime. …
French offshore vessel player Bourbon has inked a five-year contract with Eni for the renewal of its crewboat fleet with an order for six new vessels. The contract covers the charter of six new S200X-G2 units, scheduled to be commissioned progressively between June and December 2026. The six new units will operate on the Eni …
https://splash247.com/six-new-bourbon-vessels-set-to-serve-enis-flng-projects-in-congo/
https://splash247.com/six-new-bourbon-vessels-set-to-serve-enis-flng-projects-in-congo/Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, has launched the first U.S. flagged, Jones Act-compliant subsea rock installation (SRI) vessel, named Acadia, at Hanwha Philly Shipyard.The…
https://www.marinelink.com/news/great-lakes-launches-first-us-subsea-rock-528283
https://www.marinelink.com/news/great-lakes-launches-first-us-subsea-rock-528283French ferry operator Corsica Linea has achieved up to 22% fuel savings on its RoPax ferry Pascal Paoli following the installation of a retrofit package delivered by Finnish technology group Wärtsilä.The upgrade, completed in late 2024, included…
https://www.marinelink.com/news/corsica-linea-cuts-ferry-fuel-wrtsil-528289
https://www.marinelink.com/news/corsica-linea-cuts-ferry-fuel-wrtsil-528289