“It’s the steel production, stupid!”
BIMCO's Peter Sand, in a new report, weighs in on the implications for the Dry Bulk sectors.Chinese imports of iron ore keep falling, while its crude steel production keeps growing. China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Capesize ships are impacted by this, way beyond the temporary iron ore export disruptions…
Warren as Prez Would Ban New Offshore Drilling
U.S. presidential candidate Elizabeth Warren said she would ban all fossil fuel extraction on federal land and in coastal waters, setting herself apart from a crowded field of Democratic hopefuls who have made climate change a central campaign issue but have yet to outline specific policies. Warren said in a post on Medium that she would sign an executive order on her first day in office for a "total…
Italy's Salvini: Terrorist presence on migrants boats "a certainty"
Chaos in Libya following General Khalifa Haftar's offensive has increased the risk of terrorist presence on migrant boats headed for Italy, Interior Minister Matteo Salvini said, adding the country's
Mitsui OSK Lines Adds Six VLECs to Fleet
Japan's Mitsui OSK Lines Ltd. will add six very large ethane carriers (VLECs) to its fleet through an investment deal with Reliance Industries Ltd, the Indian conglomerate…
HMD: Contracts Up 14.5%
Hyundai Mipo Dockyard reports that is has signed contracts worth $434 Million In March 2019, which is up 14.5 percent from contracting activity during the same month a year earlier.
Tennet Relocates Submarine Cable from Borssele
The transmission system operator Tennet has moved the first submarine cable from the Dutch wind farm zone "Borssele" to the transformer station."TenneT has laid…
New Mega-Yacht Repair Center Coming in Florida
St. Lucie County Commissioners approved a 30-year contract with Derecktor Shipyards of Dania Beach to lease land from the county and operate a mega-yacht repair…
Fincantieri Delivers FREMM Frigate to Italy
The newbuild multi-purpose frigate Antonio Marceglia was handed over to the Italian Navy at Fincantieri’s shipyard in Muggiano on Tuesday, April 16.It is the eighth…
AMCF Calls for Greater Cooperation
The third edition of the Asian Marine Casualty Forum (AMCF) concluded with delegates calling for greater cooperation and continuing dialogue to address the major…
Austal Cuts Steel for Fred. Olsen Ferry
Australian-based global ship building company Austal Limited has commenced construction of the second of two 118 metre high-speed passenger trimaran ferries for Fred.
GTT LNG Tank Ordered for Hapag-Lloyd Retrofit
French LNG containment specialist GTT has been notified by the Chinese shipyard Hudong-Zhonghua Shipbuilding for the design of the LNG Fuel tank as part of the retrofit…
JAPEX Begins Drilling at Offshore Hokkaido
Japanese hydrocarbon exploration, production and transportation company, Japan Petroleum Exploration Co., Ltd. (JAPEX) has started the exploratory drilling at offshore…
Floatel Gets Martin Linge Extension
Swedish contractor Floatel International has received a new extension from Equinor for its accommodation unit Floatel Superior at the Martin Linge Field Development…
New Cruise Ship Terminal in Queensland
Brisbane has launched the construction of the new International Cruise Terminal, heralding the start of a new era for Queensland's economy.The $158 million project…
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