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Iron ore futures fell on Tuesday, with the Dalian contract falling for the first session in seven, as investors reconsidered stimulus prospects from top consumer China after its first-quarter economic growth topped forecasts. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.49% lowerat 826 yuan ($114.10) a metric ...
https://www.hellenicshippingnews.com/iron-ore-falls-as-investors-rethink-china-stimulus-prospects-after-gdp-data/Iron ore has emerged as the surprise in China’s first quarter commodity imports, with arrivals posting strong gains despite the gloom surrounding the key property construction sector. March imports were 100.72 million metric tons, up 3.3% from February’s 97.51 million and just exceeding the 100.23 million from March 2023, according to official customs data released ...
https://www.hellenicshippingnews.com/chinas-iron-ore-imports-rise-as-inventories-build-russel/
https://www.hellenicshippingnews.com/chinas-iron-ore-imports-rise-as-inventories-build-russel/The Baltic Exchange’s main dry bulk sea freight index climbed to its highest level in nearly three weeks on Tuesday, as rates rose across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 49 points, or 2.8%, to 1,779 points, its highest level since March ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-3-week-high-on-firm-demand-across-segments/Ship owners have been quite active in the second market over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the tanker market Union Maritime placed order for 2 x LR2 tankers to be built at Hyundai Vietnam basis delivery 2027 , price reported at $71 mln each, the vessels ...
https://www.hellenicshippingnews.com/ship-owners-looking-for-more-sp-deals/
https://www.hellenicshippingnews.com/ship-owners-looking-for-more-sp-deals/Singapore offshore vessel player and shipyard Marco Polo Marine, along with its Taiwan-based subsidiary PKR Offshore, has entered into a financing agreement for its offshore wind commissioning service operation vessel (CSOV) newbuild. The financing deal for the purpose-built CSOV, to be named Wind Archer, was signed with Taiwan-based banking holding company Bank Sinopac. The bank …
https://splash247.com/marco-polo-marine-fixes-financing-deal-for-csov-newbuild/
https://splash247.com/marco-polo-marine-fixes-financing-deal-for-csov-newbuild/Companies from North America, Asia, and Europe have formed a new consortium which will work on creating a new corridor for the decarbonised transportation of several commodities, including agricultural products, metal concentrates, and steelmaking coal between North America and Asia. To that end, nine founding members – Canadian National Railway Company, Mitsubishi Canada, Mitsubishi Heavy …
https://splash247.com/consortium-looking-to-create-green-corridor-between-north-america-and-asia/
https://splash247.com/consortium-looking-to-create-green-corridor-between-north-america-and-asia/Croatian bulker owner and operator Atlantska Plovidba has added another ultramax newbuild to its orderbook in China. The Dubrovnik-based outfit, majority owned by compatriot Tankerska Plovidba from Zadar, said in a Zagreb stock exchange filing it had lifted an option at Jiangsu Hantong Ship Heavy Industry for an additional vessel following a $65m deal for …
https://splash247.com/atlantska-plovidba-adds-to-ultramax-orderbook-in-china/
https://splash247.com/atlantska-plovidba-adds-to-ultramax-orderbook-in-china/China’s Seacon Shipping has returned to Fujian Southeast Shipbuilding for more tankers. The Hong Kong-listed company has added two 18,500 dwt chemical/product carriers to four already booked at the yard earlier this year in a deal worth a total of $129.2m. The fresh order came at $32.3m each with vessels delivering in December 2025 and …
https://splash247.com/seacon-boosts-tanker-fleet-with-newbuild-duo/
https://splash247.com/seacon-boosts-tanker-fleet-with-newbuild-duo/Wärtsilä has introduced a new high-performance thruster and propulsion control solution, which is said to raise the level of offshore dynamic positioning for greater efficiency and operational performance of vessels.The company’s new high-performance…
https://www.marinelink.com/news/wrtsil-launches-new-highperformance-512988
https://www.marinelink.com/news/wrtsil-launches-new-highperformance-512988The industry consortium behind the Ocean Charger project, led by Vard, has completed the demonstration of the charging solution in a port as well the connection solution offshore, proving the technology designed to supply clean power to offshore…
https://www.marinelink.com/news/ocean-charger-offshore-wind-vessels-512989
https://www.marinelink.com/news/ocean-charger-offshore-wind-vessels-512989