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U.S. sanctions are limiting tanker activity for Russia's top shipping group, Sovcomflot, the company's head said on Tuesday, as Washington tightens the screws on Moscow.The U.S. imposed sanctions on Sovcomflot on Feb. 23 as Washington seeks…
https://www.marinelink.com/news/us-sanctions-impacting-sovcomflots-513004
https://www.marinelink.com/news/us-sanctions-impacting-sovcomflots-513004Optimarin AS, a Norwegian supplier of ballast water treatment systems (BWTS), announced it has agreed to acquire the Hyde Marine UV business from the Italian multinational Industrie De Nora S.p.A.
https://www.marinelink.com/news/optimarin-acquires-hyde-marine-business-513005
https://www.marinelink.com/news/optimarin-acquires-hyde-marine-business-513005Marine technology company Sea Machines Robotics has unveiled a new uncrewed surface vessel (USV) geared for industries ranging from hydrographic surveying, offshore asset inspection, and persistent on water operations such as security and environmental studies.The first model…
https://www.marinelink.com/news/sea-machines-unveils-selkie-uncrewed-513006
https://www.marinelink.com/news/sea-machines-unveils-selkie-uncrewed-513006For 15 years the Maritime Risk Symposium (MRS), an annual three-day event, has brought together government and maritime industry leaders, port representatives, international and domestic researchers and solution providers to examine current and emerging threats to maritime security.
https://www.marinelink.com/news/maritime-risk-symposium-great-power-513008
https://www.marinelink.com/news/maritime-risk-symposium-great-power-513008Iron 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/