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Iron ore rallies on Simandou supply concerns, restocking demand

Iron ore futures climbed for a sixth straight session on Tuesday, driven by mounting concerns over supply prospects from the giant Simandou project in Guinea, coupled with expectations of improving demand in top consumer China. The most-traded January iron ore...
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Oceanly and Nagarro partner to deliver smarter maritime AI and fleet performance solutions

Oceanly, a leading provider of digital solutions for the maritime industry, has announced a strategic partnership with Nagarro, a global leader in digital engineering. Together, the companies will integrate Oceanly’s strength in delivering maritime operational data...
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Methanol procurement ‘very challenging’ for smaller ship owners, warns Stream Marine Technical

While methanol has been traded as a chemical for more than a century, and transported safely by ship for decades, its use as a marine fuel presents a very different challenge. The technical and safety aspects are well understood, but the real barrier today lies in the...
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IUMI highlights challenging hull marine insurance market and elevated risk

In Singapore at the International Union of Marine Insurance (IUMI) annual conference, Ilias P. Tsakiris, Chair of the IUMI Ocean Hull Committee, explained that the ocean hull market is returning to a “soft environment”. While the overall premium base continues to...
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GCMD details how onboard captured CO₂ was successfully offloaded, transported and utilized

The Global Centre for Maritime Decarbonisation (GCMD) today published its report on Project CAPTURED, presenting findings from the world’s first demonstration of a complete carbon value chain for onboard captured carbon dioxide (CO2). This is the first of a two-part...
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Iron ore gains on lower shipments, strong China steel exports

Iron ore futures rose for a fifth straight session on Monday, supported by a sharp fall in shipments from a major supplier and resilient steel exports in top consumer China. The most-traded January iron ore contract on China’s Dalian Commodity Exchange TIO1! closed...
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