France to seek protection from Chinese steel imports after ArcelorMittal job cuts
https://www.hellenicshippingnews.com/france-to-seek-protection-from-chinese-steel-imports-after-arcelormittal-job-cuts/
France and other European countries will push for measures to protect the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday. Primas was responding to an announcement by steel manufacturer ArcelorMittal MT that it will eliminate around 600 jobs across seven French sites due to the crisis in Europe’s steel ...
https://www.hellenicshippingnews.com/france-to-seek-protection-from-chinese-steel-imports-after-arcelormittal-job-cuts/
France and other European countries will push for measures to protect the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday. Primas was responding to an announcement by steel manufacturer ArcelorMittal MT that it will eliminate around 600 jobs across seven French sites due to the crisis in Europe’s steel ...
South Korea’s KNOC receives 2 mil barrels of Kuwaiti crude for strategic reserves
https://www.hellenicshippingnews.com/south-koreas-knoc-receives-2-mil-barrels-of-kuwaiti-crude-for-strategic-reserves/
State-run Korea National Oil Corp. received 2 million barrels of Kuwaiti crude under a joint storage agreement with Kuwait Petroleum Corp. to serve as strategic reserves for South Korea, KNOC said April 23. A VLCC carrying 2 million barrels of Kuwait Export Crude (KEC) was docked at Ulsan Port on April 22, where preparations were ...
https://www.hellenicshippingnews.com/south-koreas-knoc-receives-2-mil-barrels-of-kuwaiti-crude-for-strategic-reserves/
State-run Korea National Oil Corp. received 2 million barrels of Kuwaiti crude under a joint storage agreement with Kuwait Petroleum Corp. to serve as strategic reserves for South Korea, KNOC said April 23. A VLCC carrying 2 million barrels of Kuwait Export Crude (KEC) was docked at Ulsan Port on April 22, where preparations were ...
Dalian iron ore snaps three-day rally on stronger supply outlook
https://www.hellenicshippingnews.com/dalian-iron-ore-snaps-three-day-rally-on-stronger-supply-outlook/
Iron ore futures fell on Thursday, snapping a three-day rise, on a stronger supply outlook from rising shipments, although seasonal demand for the key steelmaking ingredient limited the decline. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.28% lower at 720.5 yuan ($98.76) a metric ton. The benchmark May iron ...
https://www.hellenicshippingnews.com/dalian-iron-ore-snaps-three-day-rally-on-stronger-supply-outlook/
Iron ore futures fell on Thursday, snapping a three-day rise, on a stronger supply outlook from rising shipments, although seasonal demand for the key steelmaking ingredient limited the decline. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.28% lower at 720.5 yuan ($98.76) a metric ton. The benchmark May iron ...
Chinese coal buyers reject new Indonesia price benchmark
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/
Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate royalties, on March 1 to exert more national control over ...
https://www.hellenicshippingnews.com/chinese-coal-buyers-reject-new-indonesia-price-benchmark/
Indonesia’s push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta’s attempt to exert more leverage over its commodity exports. Indonesia began using the new government-set price, known as HBA and previously used only to calculate royalties, on March 1 to exert more national control over ...
Baltic Index Rises To Over Two-Week High As All Vessels Post Gains
https://www.hellenicshippingnews.com/baltic-index-rises-to-over-two-week-high-as-all-vessels-post-gains/
The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments. The main index, which monitors rates for capesize, panamax, and supramax shipping vessels, rose by 53 points to mark its highest level since April 7, at 1,353 points. The capesize ...
https://www.hellenicshippingnews.com/baltic-index-rises-to-over-two-week-high-as-all-vessels-post-gains/
The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments. The main index, which monitors rates for capesize, panamax, and supramax shipping vessels, rose by 53 points to mark its highest level since April 7, at 1,353 points. The capesize ...
Oil Steadies As Optimism Grows Over U.S./China Trade Relations
https://shipandbunker.com/news/world/845393-oil-steadies-as-optimism-grows-over-uschina-trade-relations
https://shipandbunker.com/news/world/845393-oil-steadies-as-optimism-grows-over-uschina-trade-relations
However, a weak U.S. dollar was mainly responsible for an uptick in oil prices.
Norden claims world-first voyage using drop-in biofuel from a carbon-negative process
https://splash247.com/norden-claims-world-first-voyage-using-drop-in-biofuel-from-a-carbon-negative-process/
Danish shipping giant Norden is celebrating what it claims is a world-first, completing a voyage from Singapore to Brazil using biofuel from what it claims came from a carbon-negative process. A Norden vessel used 65 tonnes of fuel blend with 20% MASH Makes biofuel in its auxiliary engine. MASH Makes biofuel is produced by heating …
https://splash247.com/norden-claims-world-first-voyage-using-drop-in-biofuel-from-a-carbon-negative-process/
Danish shipping giant Norden is celebrating what it claims is a world-first, completing a voyage from Singapore to Brazil using biofuel from what it claims came from a carbon-negative process. A Norden vessel used 65 tonnes of fuel blend with 20% MASH Makes biofuel in its auxiliary engine. MASH Makes biofuel is produced by heating …
World’s largest car carrier sets sail from China
https://splash247.com/worlds-largest-car-carrier-sets-sail-from-china/
The world’s largest car carrier has left a yard in China on its maiden voyage to Brazil. The 9,200 ceu BYD Shenzhen pips Höegh Autoliners’ Aurora class series by 100 cars in terms of capacity, and becomes the fourth vessel in Chinese auto manufacturer BYD’s growing fleet with another two ships set to start trading …
https://splash247.com/worlds-largest-car-carrier-sets-sail-from-china/
The world’s largest car carrier has left a yard in China on its maiden voyage to Brazil. The 9,200 ceu BYD Shenzhen pips Höegh Autoliners’ Aurora class series by 100 cars in terms of capacity, and becomes the fourth vessel in Chinese auto manufacturer BYD’s growing fleet with another two ships set to start trading …
All ships passing through European waters must now provide proof of insurance
https://splash247.com/all-ships-passing-through-european-waters-must-now-provide-proof-of-insurance/
The European Commission has adopted another key measure to crackdown on the so-called shadow fleet passing through its waters. The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port, to provide insurance information. “By requiring that all vessels operating in our …
https://splash247.com/all-ships-passing-through-european-waters-must-now-provide-proof-of-insurance/
The European Commission has adopted another key measure to crackdown on the so-called shadow fleet passing through its waters. The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port, to provide insurance information. “By requiring that all vessels operating in our …
Axpo Expands Spanish LNG Bunkering with First Supply in Algeciras
https://shipandbunker.com/news/emea/702742-axpo-expands-spanish-lng-bunkering-with-first-supply-in-algeciras
https://shipandbunker.com/news/emea/702742-axpo-expands-spanish-lng-bunkering-with-first-supply-in-algeciras
The firm bunkered an MSC boxship with 5,000 m3 of LNG in Algeciras, the largest Spanish port.
Just-In-Time Arrival: A Triple Win
https://www.marinelink.com/news/justintime-arrival-a-triple-win-525026
There were 57 ships in the queue at the Port of Newcastle in Australia when the Pasha Bulker ran aground there in 2007.The coal ship was grounded for about three weeks before it was able to be towed away for repairs.The Pasha Bulker wasn’t the…
https://www.marinelink.com/news/justintime-arrival-a-triple-win-525026
There were 57 ships in the queue at the Port of Newcastle in Australia when the Pasha Bulker ran aground there in 2007.The coal ship was grounded for about three weeks before it was able to be towed away for repairs.The Pasha Bulker wasn’t the…
R2mc Deploys Eco Patch Technology at Sea
https://www.marinelink.com/news/rmc-deploys-eco-patch-technology-sea-525027
R2mc Technologies is entering the marine propulsion market after success in motorsports and heavy-duty transport, with a new patented Eco Patch Technology.The Eco Patch System acts as an autonomous torsional damper, converting mechanical, thermal…
https://www.marinelink.com/news/rmc-deploys-eco-patch-technology-sea-525027
R2mc Technologies is entering the marine propulsion market after success in motorsports and heavy-duty transport, with a new patented Eco Patch Technology.The Eco Patch System acts as an autonomous torsional damper, converting mechanical, thermal…
Outdraft Current Contributed to Ohio River Tow Strike
https://www.marinelink.com/news/outdraft-current-contributed-ohio-river-525028
A barge tow struck a vane dike on the Ohio River last year because the pilot did not effectively compensate for the outdraft current while navigating out of the McAlpine Locks in Louisville, Kentucky, the National Transportation Safety Board…
https://www.marinelink.com/news/outdraft-current-contributed-ohio-river-525028
A barge tow struck a vane dike on the Ohio River last year because the pilot did not effectively compensate for the outdraft current while navigating out of the McAlpine Locks in Louisville, Kentucky, the National Transportation Safety Board…
Wan Hai ups 16,000 teu newbuild series in South Korea
https://splash247.com/wan-hai-ups-16000-teu-newbuild-series-in-south-korea/
Taiwanese containerline Wan Hai has returned to South Korean shipyards for a fresh series of methanol dual-fuel-ready 16,000 teu vessels. The Taipei-headquartered company has commissioned two newbuilds each at HD Hyundai Samho and Samsung Heavy Industries in a deal worth up to $816m. The units at HD Hyundai cost between $186.5m and $204m per ship, …
https://splash247.com/wan-hai-ups-16000-teu-newbuild-series-in-south-korea/
Taiwanese containerline Wan Hai has returned to South Korean shipyards for a fresh series of methanol dual-fuel-ready 16,000 teu vessels. The Taipei-headquartered company has commissioned two newbuilds each at HD Hyundai Samho and Samsung Heavy Industries in a deal worth up to $816m. The units at HD Hyundai cost between $186.5m and $204m per ship, …
IMS snaps up Teekay tanker
https://splash247.com/ims-snaps-up-teekay-tanker/
Buyers behind recent LR2 sales are starting to surface. New York-listed Teekay Tankers agreed last month to sell the 2007-built Galway Spirit to an undisclosed party for an undisclosed price, with delivery set for the first quarter of 2025. The 105,000 dwt vessel, built by Hyundai Heavy, is now renamed Anemoni and joins the fleet of …
https://splash247.com/ims-snaps-up-teekay-tanker/
Buyers behind recent LR2 sales are starting to surface. New York-listed Teekay Tankers agreed last month to sell the 2007-built Galway Spirit to an undisclosed party for an undisclosed price, with delivery set for the first quarter of 2025. The 105,000 dwt vessel, built by Hyundai Heavy, is now renamed Anemoni and joins the fleet of …
Close to one in five VLCCs trading today are over 20 years old
https://splash247.com/close-to-one-in-five-vlccs-trading-today-are-over-20-years-old/
Today, there are around 130 VLCCs over 20 years old still trading, compared to fewer than 20 five years ago, according to data from Tankers International, which notes that around two-thirds of these vintage supertankers are engaged in moving sanctioned oil. Over the next four years, the number of vessels exceeding 20 years forecast by …
https://splash247.com/close-to-one-in-five-vlccs-trading-today-are-over-20-years-old/
Today, there are around 130 VLCCs over 20 years old still trading, compared to fewer than 20 five years ago, according to data from Tankers International, which notes that around two-thirds of these vintage supertankers are engaged in moving sanctioned oil. Over the next four years, the number of vessels exceeding 20 years forecast by …
Brazilian Firms Petrobras and Vale Trial Biofuel in Singapore
https://shipandbunker.com/news/world/327367-brazilian-firms-petrobras-and-vale-trial-biofuel-in-singapore
https://shipandbunker.com/news/world/327367-brazilian-firms-petrobras-and-vale-trial-biofuel-in-singapore
The B24 blend supplied contained conventional fuel produced by Petrobras' refineries.