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China's Cosco Shipping confirmed that investment in Peru's Chancay port continues and that it expects a quick resolution to a pending question over exclusivity rights to the facility, a local executive told reporters on Tuesday.Carlos Tejada, the company's general manager in Peru, made the announcem
https://www.marinelink.com/news/cosco-shipping-sees-quick-resolution-peru-512849
https://www.marinelink.com/news/cosco-shipping-sees-quick-resolution-peru-512849Electronic Fuel Management Systems (EFMS) company Fueltrax reports it has opened a Vessel Operations Center in Kuala Lumpur, Malaysia.This is Fueltrax’s second such center and the first outside of the company’s headquarters in the U.S. It provides…
https://www.marinelink.com/news/fueltrax-opens-vessel-operations-center-512850
https://www.marinelink.com/news/fueltrax-opens-vessel-operations-center-512850Iron ore futures prices extended gains to a second straight session on Tuesday, underpinned by mounting hopes of improving demand for the key steelmaking ingredient in top consumer China in the coming weeks. The most-traded September iron ore on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade up 5.63% at 815.5 yuan ($112.73) per ...
https://www.hellenicshippingnews.com/iron-ore-extends-rally-on-hopes-of-improved-demand-in-china/
https://www.hellenicshippingnews.com/iron-ore-extends-rally-on-hopes-of-improved-demand-in-china/The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a fourteenth consecutive session on Tuesday as rates for the larger vessel segments slipped. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 24 points, or 1.5%, to 1,570 points, its ...
https://www.hellenicshippingnews.com/baltic-index-extends-decline-as-larger-vessel-rates-dip/
https://www.hellenicshippingnews.com/baltic-index-extends-decline-as-larger-vessel-rates-dip/China’s coal industry says it doesn’t expect imports to increase this year, but the evidence from the first quarter is that the appetite of the world’s biggest buyer remains ravenous. China’s imports of all grades of coal from the seaborne market were 97.43 million metric tons in the first quarter of 2024, up 16.9% from ...
https://www.hellenicshippingnews.com/chinas-first-quarter-coal-imports-surge-defying-gloomy-forecasts/The dry bulk fleet has aged as a result of minimal scrapping activity of late. In its latest weekly report, shipbroker Xclusiv said that “during Q1 2024, a total of 1.77 million DWT of bulk carriers and tankers were demolished. This is increased compared to Q4 of 2023, when a mere 1.16 million DWT were ...
https://www.hellenicshippingnews.com/bulker-fleet-ageing-as-demolition-activity-slows-down/
https://www.hellenicshippingnews.com/bulker-fleet-ageing-as-demolition-activity-slows-down/Tor Olav Trøim-backed jackup rig player Borr Drilling has won new contracts worth a total of $158.6m. The Oslo-and New York-listed company has secured a combined utilisation of 820 days for the 2013-built Prospector 1, the 2018-built Gunnlod and another rig yet to be determined. The Prospector 1, which has been working for Neptune Energy …
https://splash247.com/borr-drilling-bags-nearly-160m-worth-of-jackup-deals/
https://splash247.com/borr-drilling-bags-nearly-160m-worth-of-jackup-deals/Norway’s Höegh Autoliners has secured $920m in new financing for newbuilds, secondhand purchases, repayment of existing debt and bolstering liquidity. The Oslo-listed operator of around 40 car carriers said it had recently struck a deal with eight lenders for a six-year $720m fleet facility with reduced rates. An amount of $350m has already been drawn, …
https://splash247.com/hoegh-autoliners-closes-920m-financing/
https://splash247.com/hoegh-autoliners-closes-920m-financing/Dry bulk heavyweights Star Bulk Carriers of Greece and US-based Eagle Bulk Shipping have officially combined in an all-stock deal, creating the world’s largest publicly-listed bulker owner. The combined company will operate as Star Bulk Carriers, be headquartered in Athens, and led by Petros Pappas. Under the deal, each Eagle shareholder received 2.6211 shares of …
https://splash247.com/star-bulk-and-eagle-bulk-complete-merger/
https://splash247.com/star-bulk-and-eagle-bulk-complete-merger/Global Energy Storage (GES) and Provaris Energy have entered a collaboration agreement to develop a gaseous hydrogen import facility at the GES terminal in Rotterdam.Under the collaboration, GES and Provaris will complete a comprehensive prefeasibility…
https://www.marinelink.com/news/ges-provaris-team-new-hydrogen-import-512826
https://www.marinelink.com/news/ges-provaris-team-new-hydrogen-import-512826