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Demand for seaborne iron ore imports from China, could be heading for a slowdown in the coming weeks and months. In its latest weekly report, shipbroker Xclusiv said that “the iron ore market is navigating a complex landscape, with important factors prevailing such as weakening of the Chinese demand growth, evolving steel mill margins, and ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-land-based-competition-could-hurt-seaborne-iron-ore-demand/Investors advised by JP Morgan Asset Management have acquired US shipping and logistics firm Bold Ocean from private equity firm Nova Infrastructure for an undisclosed sum. Annapolis, Maryland-based Bold Ocean operates nine vessels that transport goods under long-term charter with the US government. In 2018, a group of companies in US flag shipping, fleet technical …
https://splash247.com/jp-morgan-takes-over-us-carrier-bold-ocean/
https://splash247.com/jp-morgan-takes-over-us-carrier-bold-ocean/The landscape of China is changing on a scale hard to fathom to outsiders with renewable energy projects stretching across vast terrains, and in the process altering the fortunes for dry bulk owners. China’s investments in renewables are gigantic, leading the world in wind and solar, with twice as much capacity under construction as the …
https://splash247.com/chinas-wind-and-solar-capacity-overtake-coal-for-the-first-time/
https://splash247.com/chinas-wind-and-solar-capacity-overtake-coal-for-the-first-time/French engineering firm GTT has received two orders from its Korean partner HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to design the cryogenic fuel tanks for 12 new LNG-fueled container vessels on behalf of CMA CGM.Under these new orders…
https://www.marinelink.com/news/gtt-books-tank-design-orders-cma-cgms-lng-515605
https://www.marinelink.com/news/gtt-books-tank-design-orders-cma-cgms-lng-515605Transport and logistics insurer TT Club announced Thursday that Kevin King has stepped into the role as CEO, succeeding Charles Fenton effective August 1.Originally based in the U.S., King has long held positions within Thomas Miller managed businesses…
https://www.marinelink.com/news/kevin-king-takes-tt-club-ceo-515607
https://www.marinelink.com/news/kevin-king-takes-tt-club-ceo-515607Maritime air lubrication company Silverstream Technologies has opened its new Global Operations Center in Southampton, U.K., in an effort to enhance its operational capabilities and support the existing fleet. The new hub, which accommodates more than 40 employees…
https://www.marinelink.com/news/silverstream-opens-operations-center-uk-515609
https://www.marinelink.com/news/silverstream-opens-operations-center-uk-515609Huntington Ingalls Industries on Thursday reported better-than-expected second-quarter results, as heightened global tensions drove up demand for aircraft carriers, amphibious assault ships and submarines.The Virginia-based company reported a profit of $4.38 per share for the quarter ended June 30…
https://www.marinelink.com/news/us-navy-shipbuilder-huntington-ingalls-515612
https://www.marinelink.com/news/us-navy-shipbuilder-huntington-ingalls-515612Shipping company Maersk on Thursday raised its full-year guidance on the back of strong container market demand and the crisis in the Red Sea, but also said the outlook for the fourth quarter was uncertain.Maersk said in a statement it now expects its underlying earnings before interest…
https://www.marinelink.com/news/maersks-profits-boosted-red-sea-515613
https://www.marinelink.com/news/maersks-profits-boosted-red-sea-515613Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, reported a net loss of $2.8 million and a net loss attributed to common stockholders of $4.2 million for the second quarter of 2024. This compares to net income of $10.4 million and net income attributed to ...
https://www.hellenicshippingnews.com/diana-shipping-inc-reports-second-quarter-net-loss/
https://www.hellenicshippingnews.com/diana-shipping-inc-reports-second-quarter-net-loss/Norway’s Ugland Offshore has been awarded a contract in the UK sector for one of its platform supply vessels. Offshore brokers tell Splash, that the 2012-built Evita II has been fixed to UK supermajor BP for six months at an undisclosed dayrate, with further extension options attached to the deal. The Cyprus-flagged 85-m-long unit has …
https://splash247.com/ugland-offshore-bags-bp-psv-contract/
https://splash247.com/ugland-offshore-bags-bp-psv-contract/