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Iron ore futures prices declined on Friday for a second straight session, weighed down by signs of softer demand and shrinking steel margins in top consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 0.32% lower at 785.5 yuan ($110.43) a metric ton. The benchmark December ...
https://www.hellenicshippingnews.com/iron-ore-extends-fall-on-softer-china-demand-set-for-second-weekly-gain/This week’s analysis examines iron ore freight market trends with a special focus on the emerging iron ore supply powerplay: Simandou’s Rise, Vale’s Moves, and BHP’s Growing Risk The Simandou project is advancing through key development milestones and is set to introduce a significant new stream of high-grade iron ore into the global market. Vale ...
https://www.hellenicshippingnews.com/dry-bulk-weekly-market-monitor-iron-ore-supply-powerplay-in-focus/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a nearly two-year high on Friday and was on course for a weekly gain, aided by an increase in larger vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-two-year-high-on-higher-larger-vessel-rates/In a recent weekly report, shipbroker Banchero Costa said that “soybeans are one of the most important dry bulk commodities, and account for almost 5 percent of all seaborne dry bulk trade. In the last calendar year, Jan-Dec 2024, total seaborne exports of soybeans declined by -5.0% year-onyear to 142.3 mln tonnes, according to vessel ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-brazils-soybean-exports-on-the-rise/
https://www.hellenicshippingnews.com/dry-bulk-shipping-brazils-soybean-exports-on-the-rise/More than 200 guests attended the official naming ceremony of Stena Line’s newest vessel, Stena Futura, at Belfast Harbour. The 147-mhybrid freight ferry Stena Futura is the first of two next-generation “NewMax” freight vessels purpose-built for the busy Belfast–Heysham route.
https://www.marinelink.com/news/stena-futura-methanolready-freight-ferry-532754
https://www.marinelink.com/news/stena-futura-methanolready-freight-ferry-532754Royal T Shipyards christened and launched tha diesel-electric MV Vertom Quina, the tenth vessel in the LABRAX series for Vertom. “The launch of MV Vertom Quina is a truly special moment,” said CEO Thecla Bodewes. “Not only does it reflect the…
https://www.marinelink.com/news/dieselelectric-vessel-mv-vertom-quina-532755
https://www.marinelink.com/news/dieselelectric-vessel-mv-vertom-quina-532755ABS issued an approval in principle (AIP) to Encomara for its Squid system, an approach that adapts proven disconnectable mooring technology to support floating offshore wind developments.The Squid system builds upon the established Disconnectable…
https://www.marinelink.com/news/abs-grants-aip-encomara-squid-system-532757
https://www.marinelink.com/news/abs-grants-aip-encomara-squid-system-532757Today, Friday, November 21 2025, the Baltic Dry Index climbed by 05 points, reaching 2275 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2275-up-05-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2275-up-05-points/Oslo-based offshore accommodation vessel specialist Floatel International has won a contract for accommodation and construction support services to the Alvheim FPSO from Aker BP. During the contract, the company will use the 2015-built Floatel Endurance. The medium-term contract is due to commence in the late first and early second quarter of 2029. The unit is …
https://splash247.com/aker-bp-books-floatel-international-unit-for-2029-project/
https://splash247.com/aker-bp-books-floatel-international-unit-for-2029-project/The US Department of the Interior (DOI) has unveiled a sweeping new offshore oil and gas leasing proposal aimed at replacing the restrictive Biden administration’s 2024–2029 program with a vastly expanded 11th National Outer Continental Shelf Oil and Gas Leasing Program by October 2026. Under the new five-year plan, the Bureau of Ocean Energy Management …