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Iron ore futures prices edged higher on Friday but logged a weekly loss, as traders weighed prospects of fresh monetary stimulus from China against the top consumer’s muted economic recovery, while firmer global supply also weighed on prices. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.15% higher ...
https://www.hellenicshippingnews.com/dalian-iron-ore-posts-weekly-fall-on-tepid-chinese-economic-recovery/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was on its way to registering a weekly gain as higher rates across panamax segment offset losses in the capesize segment. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 1 point ...
https://www.hellenicshippingnews.com/baltic-index-headed-for-weekly-gain-on-panamax-strength/
https://www.hellenicshippingnews.com/baltic-index-headed-for-weekly-gain-on-panamax-strength/A group of industry specialist companies has achieved a world first for the wind industry, with a major component exchange (MCE) being performed on an offshore floating wind turbine while it remained on site at the Scottish Kincardine offshore wind farm…
https://www.marinelink.com/news/floating-wind-industry-achieves-worlds-517272
https://www.marinelink.com/news/floating-wind-industry-achieves-worlds-517272French engineering company GTT has received an order from its partner Jiangnan Shipyard (Group) for the tank design of six Ultra Large Ethane Carriers (ULEC), on behalf of ship-owner Eastern Pacific Shipping.GTT will design the tanks of these unique ULEC…
https://www.marinelink.com/news/gtt-lands-tank-design-order-six-ultra-517273
https://www.marinelink.com/news/gtt-lands-tank-design-order-six-ultra-517273Cadmatic, a developer of digital 3D-based design, engineering and information management software solutions, announced it has appointed Dr. Detlef Schneider as its new CEO effective from October 7. 2024. Schneider will succeed Jukka Rantala…
https://www.marinelink.com/news/cadmatic-names-detlef-schneider-ceo-517275
https://www.marinelink.com/news/cadmatic-names-detlef-schneider-ceo-517275Mitsui O.S.K. Lines (MOL), through its wholly-owned subsidiary MOL Clean Energy US, has invested in HIF Global, a company developing and operating synthetic fuels (e-fuels) projects, including e-methanol which can be used as an alternative marine…
https://www.marinelink.com/news/mol-invests-us-emethanol-producer-517276
https://www.marinelink.com/news/mol-invests-us-emethanol-producer-517276Damen Shipyards has started construction of three shallow draft multi-purpose support vessels at its shipyard in the United Arab Emirates, in anticipation of an increase in offshore and dredging activity in Arabian Gulf region.The initial program…
https://www.marinelink.com/news/damen-starts-building-support-vessels-517278
https://www.marinelink.com/news/damen-starts-building-support-vessels-517278Bardex, which provides solutions for marine-based heavy lifting, transfer, and restraint has teamed up with Von Schmidt Maritime to provide the U.S. with dry dock Solutions. Von Schmidt, located in Baltimore, MD, are Maritime Consultants and Naval Architects providing shipyard professional services.
https://www.marinelink.com/news/bardex-von-schmidt-maritime-team-us-517284
https://www.marinelink.com/news/bardex-von-schmidt-maritime-team-us-517284A Russian missile strike has damaged port infrastructure and an Antigua-flagged civilian vessel in the Ukrainian port city of Odesa, the regional governor said on Friday.Four people were wounded by the strike, Governor Oleh Kiper said on Telegram."Debris from, according to preliminary assessment, an
https://www.marinelink.com/news/antiguaflagged-vessel-damaged-russian-517289
https://www.marinelink.com/news/antiguaflagged-vessel-damaged-russian-517289Today, Friday, September 20 2024, the Baltic Dry Index climbed by 01 points, reaching 1977 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1977-up-01-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1977-up-01-points/