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Iron ore extends gains on improving steel margins, restocking hopes

Iron ore futures extended gains on Thursday, aided by improved steel margins and the expectation of feedstock replenishment among steel mills in top consumer China. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE) rose for a third straight...
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Global Fuel Supply moves from chartering to ownership with first vessel purchase

Global Fuel Supply moves from chartering to ownership with first vessel purchase
Global Fuel Supply (GFS) has acquired its first owned tanker, marking a milestone as the company transitions from chartered tonnage to formally becoming a shipowner. Until now, GFS has operated through chartered tonnage, including the RLO Explorer. Ownership of a...
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ClassNK issues Approval in Principle (AiP) for Multiple Alternative Fuels Ready (Ammonia/Methanol/LNG) and OCCS Ready Bulk Carrier by Oshima Shipbuilding

ClassNK has issued approval in principle (AiP) for a concept design of the Multiple Alternative Fuels Ready (Ammonia/Methanol/LNG) and OCCS Ready Bulk Carrier developed by Oshima Shipbuilding Co., Ltd. The certification confirms the feasibility of the vessel from...
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LR and Mawani partnership to enhance skills and operational performance across Saudi Ports

Completion of 39 bespoke courses for 140 Mawani professionals marks the most extensive single-client training programme delivered by LR. Lloyd’s Register (LR) and the Saudi Ports Authority (Mawani) have celebrated the successful completion of a training and advisory...
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HD Korea Shipbuilding shares new technologies at MIT maritime forum

HD Korea Shipbuilding shares new technologies at MIT maritime forum
Major shipbuilding and engineering firm HD Korea Shipbuilding & Offshore Engineering (KSOE) shared its ship operation and carbon reduction technologies with global shipbuilders and maritime experts from around the world at a forum held here from Wednesday to...
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Treasury Increases Pressure on Iran’s Sanctions-Evading Shadow Fleet

Treasury Increases Pressure on Iran’s Sanctions-Evading Shadow Fleet
Thursday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is placing further pressure on the Iranian shadow fleet, which exports Iranian petroleum and petroleum products through deceptive shipping practices. OFAC is targeting 29 shadow...
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