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Iron ore futures rose on Tuesday as proposed cuts to Chinese port fees are expected to discourage long-term stockpiling. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! gained 0.51% to 794 yuan($111.90) a metric ton. The benchmark December iron ore (SZZFZ5) on the Singapore Exchange was 0.59% higher at $105.65 ...
https://www.hellenicshippingnews.com/iron-ore-rises-on-chinas-proposal-to-cut-port-fees/
https://www.hellenicshippingnews.com/iron-ore-rises-on-chinas-proposal-to-cut-port-fees/“We estimate that coal shipments to advanced economies will fall 2% y/y in 2025, reaching a 23-year low. This will be the third consecutive annual drop although the pace of decline has slowed compared to previous years. The contraction is primarily driven by weaker coking coal demand due to reduced steel production,” says Filipe Gouveia, Shipping Analysis ...
https://www.hellenicshippingnews.com/coal-shipments-to-advanced-economies-expected-to-fall-2-to-23-year-low/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose for a ninth consecutive session on Tuesday to hit a near two-year high, driven by stronger capesize and panamax vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by ...
https://www.hellenicshippingnews.com/baltic-index-up-for-ninth-consecutive-session/
https://www.hellenicshippingnews.com/baltic-index-up-for-ninth-consecutive-session/Demand for dry bulk carriers, both newbuildings and second hand, has remained elevated over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, COSCO Shipping placed an order of 4 x 210,000 dwt newcastlemax vessels to Dalian Shipbuilding. No prices were disclosed, and deliveries Q1 2028 – ...
https://www.hellenicshippingnews.com/dry-bulkers-still-in-high-demand/
https://www.hellenicshippingnews.com/dry-bulkers-still-in-high-demand/Alex Gregg-Smith will take over the reins at Bureau Veritas Marine & Offshore from Matthieu de Tugny in the new year. Gregg-Smith will relocate from Shanghai to Paris as he takes over the president role at the shipping class society, reporting to de Tugny, his predecessor in the role, who has now become executive vice-president, …
https://splash247.com/alex-gregg-smith-to-head-up-bureau-veritas-marine-offshore/
https://splash247.com/alex-gregg-smith-to-head-up-bureau-veritas-marine-offshore/In the secondhand wet market, recent fixtures indicate firmer sentiment for modern tanker tonnage, but the outlook appears a bit different for older units. A 15-year-old VLCC registered in Hong Kong, the Oceanic Fortune, is widely reported to have been sold. Numerous broking sources suggest the vessel is changing hands for around $57m, roughly $1mbelow …
https://splash247.com/storied-vlcc-sold-below-book/
https://splash247.com/storied-vlcc-sold-below-book/Thailand’s Precious Shipping is pushing ahead with its fleet-renewal drive after agreeing to buy two ultramax newbuilding resales under construction in China. The Bangkok-listed owner said the vessels — being built at Jiangsu Yangzi-Mitsui Shipbuilding (YAMIC) — will join the fleet through its wholly owned Singapore subsidiaries. The ships are understood to come from Singapore-based …
https://splash247.com/precious-shipping-snaps-up-ultramax-newbuild-resales/
https://splash247.com/precious-shipping-snaps-up-ultramax-newbuild-resales/Global Energy Trading, Golden Island, and PetroChina have been selected by the Maritime and Port Authority of Singapore (MPA) to supply methanol as marine fuel in the Southeast Asian port, the world’s top bunkering hub. “This marks an important step towards establishing methanol bunkering at scale and driving Singapore’s ambition to be a sustainable multi-fuel …
https://splash247.com/singapore-locks-in-methanol-suppliers-for-2026-takeoff/
https://splash247.com/singapore-locks-in-methanol-suppliers-for-2026-takeoff/Jinhui Shipping & Transportation has offloaded another ageing supramax as it continues to trim older tonnage and push ahead with its fleet renewal plan. The Oslo-listed, Hong Kong-based owner said it has struck a deal to sell the 2008-built Jin Sui, a 56,968 dwt vessel constructed at Shanghai Shipyard, to Forever Win Shipping for $10.3m. …
https://splash247.com/jinhui-continues-to-trim-older-tonnage-with-10-3m-supramax-disposal/
https://splash247.com/jinhui-continues-to-trim-older-tonnage-with-10-3m-supramax-disposal/A Maersk spokesperson says the company has not set a firm date for resuming Suez Canal sailings, despite the Suez Canal Authority announcing an early-December comeback for the Danish carrier. In a statement, Maersk said it intends to restore navigation on the East–West corridor “as soon as conditions allow,” stressing that crew safety remains the …
https://splash247.com/maersk-charts-december-comeback-to-suez-canal/
https://splash247.com/maersk-charts-december-comeback-to-suez-canal/