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China’s iron ore imports jumped 5.3% in July from a month earlier to a six-month high as miners rushed to meet quarterly shipment targets and improving margins for steelmakers boosted demand. The world’s largest iron ore consumer brought in 102.81 million metric tons of the key steelmaking ingredient last month, data from the General Administration ...
https://www.hellenicshippingnews.com/chinas-july-iron-ore-imports-jump-to-6-month-high-steel-exports-fall/In our latest monthly review, we explore the ever-evolving landscape of seaborne grain trade from 2023 to 2024, leveraging insights from the Signal Ocean Platform. By tracking these shifts, we aim to uncover their effects on dry bulk freight market trends, especially within the Supramax and Panamax vessel categories. The non-renewal of the Black Sea ...
https://www.hellenicshippingnews.com/grain-seaborne-trade-impact-on-the-dry-bulk-freight-market/
https://www.hellenicshippingnews.com/grain-seaborne-trade-impact-on-the-dry-bulk-freight-market/The Baltic Exchange’s dry bulk sea freight index rose for a fourth straight session on Wednesday, as gains in the capesize segment countered the losses in panamax and supramax. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 13 points, or 0.8%, to 1,698, hitting its highest level since ...
https://www.hellenicshippingnews.com/baltic-index-climbs-for-fourth-straight-session-on-capesize-gains/Greek capesize specialist Seanergy Maritime has revealed its second purchase this year that will take the company’s fleet to 19 ships. The Stamatis Tsantanis-led listed owner and operator has picked up a 2012-built 181,400 dwt unit for delivery in the third quarter of this year. The ship matches the description of the Koyo Dock-built Sea …
https://splash247.com/seanergy-seals-another-capesize-buy/
https://splash247.com/seanergy-seals-another-capesize-buy/Spanish developer BlueFloat Energy has revealed the site location of its Winds of September Phase 1 project to participate in the upcoming floating Demonstration Program set to be launched by the Taiwanese government later in 2024. The Winds of September Phase 1 project, in development since 2021, will involve the installation of up to 12 …
https://splash247.com/bluefloat-energy-reveals-site-for-taiwans-first-floating-wind-farm/
https://splash247.com/bluefloat-energy-reveals-site-for-taiwans-first-floating-wind-farm/Greek owner Danaos has bolstered its newbuilding orderbook, adding one more vessel to its 9,200 teu series at Dalian Shipbuilding Industry Co (DSIC). The Nasdaq-listed boxship tonnage provider and capsize bulker player disclosed in its quarterly earnings report it now has five ships contracted at China’s state-run yard, three of which should deliver in 2027 …
https://splash247.com/danaos-adds-fifth-newbuild-to-dalian-series/
https://splash247.com/danaos-adds-fifth-newbuild-to-dalian-series/“During the past three months, India has relied on Russia for 40% of its seaborne crude oil import. Year-to-date, volumes have reached an average of 1.6 million barrels per day (mbpd), an increase of 1000% compared to 2021, before Russia invaded Ukraine…
https://www.marinelink.com/news/india-tightens-ties-russian-oil-515733
https://www.marinelink.com/news/india-tightens-ties-russian-oil-515733For decades, submarines have been the apex predator, roaming the oceans largely unmolested, gathering intelligence, providing a sea-based nuclear deterrent, and conducting clandestine missions with impunity. As such, these versatile and lethal…
https://www.marinelink.com/news/uuv-integration-transform-submarine-515739
https://www.marinelink.com/news/uuv-integration-transform-submarine-515739Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately…
https://www.marinelink.com/news/offshore-wind-inside-financial-web-515740
https://www.marinelink.com/news/offshore-wind-inside-financial-web-515740As India’s domestic coal production reaches an all-time high, plans are underway to further reduce imports used as feedstock for imported coal-based power plants (ICBPPs). Recently, officials from the Ministry of Coal met with ICBPP owners, informing them of the country’s surplus coal availability and encouraging them to consider using more Indian coal for blending. ...
https://www.hellenicshippingnews.com/india-aims-to-reduce-coal-imports-by-over-15-at-imported-coal-based-power-plants/