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Recent developments in the Red Sea and surrounding waterways suggest that the threat to international shipping from Yemen's Houthis is growing, U.N. Special Envoy to Yemen Hans Grundberg told the U.N. Security Council on Tuesday.In a briefing on the situation in Yemen…
https://www.marinelink.com/news/houthi-threat-red-sea-shipping-growing-515404
https://www.marinelink.com/news/houthi-threat-red-sea-shipping-growing-515404Since the Russian invasion began in 2022, Ukraine has successfully resisted its opponents on many fronts, but its most surprising success came in a theater where few expected Ukraine to prevail: the Black Sea.In 2022, the consensus among military…
https://www.marinelink.com/news/ukrainians-navy-defeated-russias-black-515405
https://www.marinelink.com/news/ukrainians-navy-defeated-russias-black-515405Boston celebrated its maritime heritage in June by welcoming tall ships from around the world into Boston Harbor for the celebratory event, Sail Boston. Thousands of people visited the magnificent vessels at anchor to learn about Boston’s rich…
https://www.marinelink.com/news/land-ship-port-chaplains-offer-comfort-515406
https://www.marinelink.com/news/land-ship-port-chaplains-offer-comfort-515406Iron ore futures fell to their lowest in more than three months on Tuesday, as a lack of stimulus from top consumer China’s third plenum fanned prospects of bleak demand. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade 3.43% lower at 774.5 yuan ($106.47) a metric ton, ...
https://www.hellenicshippingnews.com/iron-ore-hits-three-month-low-on-bleak-china-demand-outlook/
https://www.hellenicshippingnews.com/iron-ore-hits-three-month-low-on-bleak-china-demand-outlook/China’s first cut to major short- and long-term interest rates in 11 months drew a distinctly ho-hum reaction from the commodities that usually would be expected to be the biggest beneficiaries. The People’s Bank of China said on Monday it would cut the seven-day reverse repo rate to 1.7% from 1.8%, and minutes after that ...
https://www.hellenicshippingnews.com/chinas-rate-cuts-fail-to-revive-iron-ore-and-copper/
https://www.hellenicshippingnews.com/chinas-rate-cuts-fail-to-revive-iron-ore-and-copper/The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped to its lowest level in more than a month on Tuesday as rates for the capesize vessel segment fell. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 27 points, or 1.4%, ...
https://www.hellenicshippingnews.com/baltic-index-drops-to-over-one-month-low-on-lower-capesize-rates/India’s Great Eastern Shipping has carried on its product tanker fleet renewal initiative, with the disposal of another vintage MR unit. The Mumbai-listed diversified owner said it had struck a deal with an undisclosed buyer for its 2005-built Jag Pranav. No price tag has been attached to the deal, but the 51,383 dwt ship, VesselsValue …
https://splash247.com/great-eastern-ships-out-another-ageing-mr/
https://splash247.com/great-eastern-ships-out-another-ageing-mr/Singapore-based liner operator SeaLead Shipping has set up a new leadership team following a change in ownership earlier this year. Suleyman Avci has been appointed as global chief executive officer, taking over from SC Chan, who filled the position after Henry Schmidl left as part of the “strategic realignment” under the new ownership. Prior to …
https://splash247.com/new-leadership-unveiled-at-sealead/
https://splash247.com/new-leadership-unveiled-at-sealead/Martin Helweg is stepping down as chief executive of P&O Maritime Logistics, a unit of Dubai-based ports and logistics giant DP World. “After some incredible years as CEO at P&O Maritime Logistics, it is time for me to step aside and move towards new opportunities,” Helweg said in a LinkedIn post on Tuesday. “My time …
https://splash247.com/po-maritime-logistics-ceo-steps-down/
https://splash247.com/po-maritime-logistics-ceo-steps-down/HD Hyundai Heavy Industries has placed on order to French engineering firm GTT for the tank design of two new liquefied natural gas (LNG) carriers, on behalf of a European ship-owner.GTT will design the tanks of these two vessels, which will each offer a capacity of 174…
https://www.marinelink.com/news/hd-hyundai-heavy-hires-gtt-lng-carriers-515385
https://www.marinelink.com/news/hd-hyundai-heavy-hires-gtt-lng-carriers-515385