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Iron ore futures prices hit a two-week high on Monday, buoyed by an improved Chinese economic outlook following strong services data and continued stimulus expectations from the world’s biggest consumer. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.97% higher at 776.5 yuan ($108.69) a metric ton. It ...
https://www.hellenicshippingnews.com/iron-ore-hits-two-week-high-on-improved-chinese-economic-outlook/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Monday, helped by increased rates for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 2 points, or 0.1%, to 1,677. The capesize ...
https://www.hellenicshippingnews.com/baltic-index-up-for-second-day-on-higher-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-up-for-second-day-on-higher-capesize-rates/China’s Highton Development is bolstering its dry bulk fleet with three kamsarmaxes from Singapore-based conglomerate Wilmar International. The Shanghai-listed outfit said in a filing a deal is in the making to acquire the 2012-built Theresa Jiangsu, Theresa Jilin and Theresa Guangdong for a total of $57.3m. All three ships, estimated by VesselsValue at $54m, are …
https://splash247.com/chinas-highton-swoops-on-wilmar-kamsarmax-trio/
https://splash247.com/chinas-highton-swoops-on-wilmar-kamsarmax-trio/China’s Antong Holdings has fixed out four boxships to compatriot Sinotrans Container Lines, a wholly-owned subsidiary of China Merchants Energy Shipping (CMES), for international trade. Of the four vessels, two – the 2018-built Renjian Fuzhou and the 2019-built Renjian Dalian – have a 2,444 teu capacity while the other two – the 2006-built Haisu 6 …
https://splash247.com/antong-fixes-out-four-boxships-to-sinotrans-container-lines/
https://splash247.com/antong-fixes-out-four-boxships-to-sinotrans-container-lines/Energy giant Shell has awarded energy services group Kent a global three-year enterprise framework agreement. The contract is for the provision of commissioning and start-up services across various onshore and offshore projects as well as a wide range of energy sectors, including oil, gas, and new energy initiatives. Kent will support Shell’s project portfolio with …
https://splash247.com/kent-wins-global-commissioning-services-deal-with-shell/
https://splash247.com/kent-wins-global-commissioning-services-deal-with-shell/Floating liquefied natural gas (FLNG) specialist Golar LNG and UK energy major BP, as operator of the Greater Tortue-Ahmeyim LNG project, have executed agreements to implement a commercial reset for FLNG Gimi. The commercial reset agreement simplifies contractual cash flows and settles previous disputes related to payment mechanisms for pre-commercial operations date contractual cash flows. …
https://splash247.com/golar-lng-and-bp-agree-new-terms-for-flng-gimi/
https://splash247.com/golar-lng-and-bp-agree-new-terms-for-flng-gimi/Australia’s Woodside Energy has signed an agreement with Dutch-based OCI Global to acquire its clean ammonia project for $2.35 billion, which is still under construction on the U.S. Gulf Coast in Texas.Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding…
https://www.marinelink.com/news/woodside-buy-ammonia-project-us-gulf-515676
https://www.marinelink.com/news/woodside-buy-ammonia-project-us-gulf-515676SV Juren Ae (IMO no. 1021245) was delivered to the Marshall Islands Shipping Corporation (MISC) July 31, 2024, a 'low carbon' vessel funded by the International Climate Initiative (IKI), built at Asia Shipbuilding in Geoje City, Korea and classed by KR.SV Juren Ae is a 48-m…
https://www.marinelink.com/news/sv-juren-ae-sets-sail-515682
https://www.marinelink.com/news/sv-juren-ae-sets-sail-515682CM Technologies (CMT) added a fuel injection acoustic emission sensor to its PREMET X range of two- and four-stroke diesel engine performance indicators, allowing engineers to monitor the acoustic signature of a diesel engine’s fuel injection system to detect any problems with fuel injectors…
https://www.marinelink.com/news/hear-good-engine-performance-515683
https://www.marinelink.com/news/hear-good-engine-performance-515683Orizzonte Sistemi Navali (OSN), a joint venture owned by Fincantieri (51%) and Leonardo (49%), has received notification from the Italian Navy that it has exercised its option for the construction of the fourth next-generation offshore patrol…
https://www.marinelink.com/news/italian-navy-orders-fourth-patrol-vessel-515684
https://www.marinelink.com/news/italian-navy-orders-fourth-patrol-vessel-515684