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Iron ore futures rebounded on Wednesday to hit a more than five-week high, helped by an improving steel market and anticipation of pre-holiday restocking by steelmakers in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 4.25% higher at 870 yuan ($120.20) a metric ton, the ...
https://www.hellenicshippingnews.com/iron-ore-hits-over-5-week-high-on-improving-steel-market-pre-holiday-restocking/Rio Tinto reported a 5% fall in its first-quarter iron ore shipments on Wednesday, missing estimates, because of weather disruptions at ports and reduced production from some of its Western Australian mines. Mine depletion in its Yandicoogina mine in Western Australia contributed to the fall in shipments, which was partially offset by its other operations ...
https://www.hellenicshippingnews.com/rio-tintos-first-quarter-iron-ore-shipments-fall-5-missing-estimates/The Baltic Exchange’s main dry bulk sea freight index rose on Wednesday, aided by rising rates across all vessel segments with capesize hitting its highest level in over three weeks. The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 65 points, or 3.7%, to 1,844 points. The ...
https://www.hellenicshippingnews.com/baltic-index-gains-as-rates-firm-for-all-vessels-2/
https://www.hellenicshippingnews.com/baltic-index-gains-as-rates-firm-for-all-vessels-2/Hapag-Lloyd is being tipped to seek out further acquisition targets in order to remain in touching distance of the top names in liner shipping. Germany’s top carrier unveiled its medium-term business plans through to 2030, which include an aggressive fleet growth with the line’s CEO, Rolf Habben Jensen claiming the goals were the company’s “most …
https://splash247.com/hapag-lloyd-tipped-to-seek-out-acquisition-targets/
https://splash247.com/hapag-lloyd-tipped-to-seek-out-acquisition-targets/Japanese liner Ocean Network Express (ONE) has unveiled a reduced emissions shipping service designed to meet the shared decarbonisation goals of the shipping industry. The new shipping service, named ONE LEAF+, offers customers the opportunity to manage their emissions and minimise environmental impact across the value chain. The name is short for “low emission-able freight” …
https://splash247.com/one-launches-new-low-emission-shipping-service/
https://splash247.com/one-launches-new-low-emission-shipping-service/Malaysian tanker player AET has struck a deal to bring in a pair of LNG dual-fuel aframax newbuilds on long-term charter. Singapore-based logistics and tonnage provider Singfar Group has fixed its 115,000 dwt duo recently booked for construction at New Times Shipbuilding in China. The vessels will be delivered to AET in 2027. No further …
https://splash247.com/aet-locks-in-singfar-aframax-newbuilds/
https://splash247.com/aet-locks-in-singfar-aframax-newbuilds/Chinese bulker operator Jinhui Shipping and Transportation has chartered in a vessel under a long-term deal for the second time in less than a week. The Oslo- and Hong Kong-listed company has contracted a 2017-built newcastlemax True Neptune for at least 33 months from the Singapore-based Olam Maritime Freight. The Chinese firm does have an …
https://splash247.com/jinhui-bulks-up-with-newcastlemax-charter/
https://splash247.com/jinhui-bulks-up-with-newcastlemax-charter/Knutsen NYK Carbon Carriers (KNCC) has revealed a change in its top management with the promotion of chief technical officer Oliver Hagen-Smith. Hagen-Smith, who joined Knutsen in 2009, will take over as chief executive from Anders Lepsøe in May. Lepsøe will become the company’s chairman as well as head of NYK Group Europe in Norway. …
https://splash247.com/changes-at-the-top-at-knutsen-nyk-carbon-carriers/
https://splash247.com/changes-at-the-top-at-knutsen-nyk-carbon-carriers/Italian owner d’Amico International Shipping has signed a shipbuilding contract with Jiangsu New Yangzi Shipbuilding for the purchase of two new LR1 product tankers. The order was placed by the Italian firm’s Irish subsidiary, d’Amico Tankers. The price for each 75,000 dwt vessel will be $55.4m. According to the company, the two newbuilds are expected …
https://splash247.com/damico-orders-two-lr1-tankers-in-china/
https://splash247.com/damico-orders-two-lr1-tankers-in-china/UK-based offshore vessel designer Chartwell Marine has started the construction of its new Brevity Class crew transfer vessel (CTV) at the Diverse Marine shipyard, becoming the latest in its growing pipeline of new vessel builds to supply the…
https://www.marinelink.com/news/chartwell-marine-grows-ctv-build-pipeline-513021
https://www.marinelink.com/news/chartwell-marine-grows-ctv-build-pipeline-513021