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The United Kingdom Maritime Trade Operations (UKMTO) agency said on Wednesday that a merchant vessel and its crew were reported safe after an incident 72 nautical miles east southeast off the port of Djibouti.UKMTO said in an updated advisory note that the master of the vessel had reported an explos
https://www.marinelink.com/news/merchant-ship-crew-reported-safe-incident-513206
https://www.marinelink.com/news/merchant-ship-crew-reported-safe-incident-513206Australia’s Fortescue FMG.AX on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following a derailment of ore cars and weather disruptions that also led to a slight cut in its outlook for annual shipments. The world’s fourth-largest iron ore miner said it shipped 43.3 million metric tons of the steel-making commodity in the ...
https://www.hellenicshippingnews.com/fortescue-iron-ore-shipments-fall-short-after-derailment/
https://www.hellenicshippingnews.com/fortescue-iron-ore-shipments-fall-short-after-derailment/Prices of iron ore futures rebounded on Wednesday to the highest level in more than six weeks, aided by renewed hopes of improved steel demand in top consumer China and the prospect of lower supply after a major miner lowered its annual shipment outlook. The most-traded September iron ore contract on China’s Dalian Commodity Exchange ...
https://www.hellenicshippingnews.com/iron-ore-rebounds-to-six-week-high-on-renewed-china-demand-hopes-lower-shipments/The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, declined for a third consecutive session on Wednesday, weighed down by weaker rates for the capesize vessel segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 30 points, or 1.7%, to ...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-on-falling-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-extends-losses-on-falling-capesize-rates/Containerships travelling between Asia and the Mediterranean emitted 63% more emissions in the first quarter than in Q4 last year thanks to the ongoing Red Sea shipping crisis, according to new data from Xeneta, a freight rate platform. Splash has been reporting regularly on the increased emissions from the huge diversions shipping has been making …
The case to cash in and sell secondhand tonnage leads the April issue of Splash Extra, published today. Both newbuild and secondhand vessel prices are exceptionally high (see chart below) at present leading many of the world’s top shipping analysts to advise that owners ought to start looking at sell-off plans. “From a pure asset …
https://splash247.com/why-owners-should-look-to-sell-ships-now/
https://splash247.com/why-owners-should-look-to-sell-ships-now/Liner giant Mediterranean Shipping Co (MSC) has moved to take over Gram Car Carriers (GCC) in a potential deal that values the world’s third-largest car carrier tonnage provider at about NOK7.6bn ($700m). The offer of NOK263.69 per share in cash has been made via MSC subsidiary Shipping Agencies Services (SAS) and represents a premium of …
https://splash247.com/msc-launches-700m-takeover-bid-for-gram-car-carriers/
https://splash247.com/msc-launches-700m-takeover-bid-for-gram-car-carriers/Taiwanese bulker owner Franbo Lines has ordered its first ships in China in a deal with Jiangsu Haitong Offshore Engineering Equipment. The publicly-listed company has booked four ultramaxes for an undisclosed sum and early delivery next year. Franbo Lines said it expects the first 63,500 dwt ship for delivery in May 2025 with the remaining …
https://splash247.com/franbo-lines-signs-for-ultramax-newbuilds-in-china/
https://splash247.com/franbo-lines-signs-for-ultramax-newbuilds-in-china/Swedish bank SEB has set a net zero-aligned 2030 target for the shipping sector in line with its commitment to the Net Zero Banking Alliance. The Net Zero Banking Alliance is a group of global banks committed to financing climate action to transition the real economy to net zero greenhouse gas emissions by 2050 and …
https://splash247.com/swedens-seb-adds-shipping-to-2030-net-zero-target/
https://splash247.com/swedens-seb-adds-shipping-to-2030-net-zero-target/Norwegian car carrier operator Wallenius Wilhelmsen has signed a 20-year lease agreement with the Georgia Ports Authority (GPA) for Brunswick Port, with options of up to 30 years. Wallenius Wilhelmsen’s will expand and enhance Brunswick Port’s existing Colonel’s Island Terminal and auto vehicle processing centre. Another addition will be the new equipment processing centre that …
https://splash247.com/wallenius-wilhelmsen-pens-20-year-lease-for-brunswick-port/
https://splash247.com/wallenius-wilhelmsen-pens-20-year-lease-for-brunswick-port/