Iron Ore Imports Spike 7% in China
“Iron ore shipments to China have risen 7% y/y since the end of June, following a stable period during the first half of the year. However, Chinese steel production has remained weak, leading to a build-up of portside inventories which reached an eight-month high in week 45,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.The recent uptick in Chinese purchasing appears to be driven by expectations of increased public spending and a rebound in manufacturing activity…
ESG Launches Fisher Island Ferry
Eastern Shipbuilding Group launched the vehicle-passenger ferry FALCON, being constructed for the Fisher Island Community Association (FICA).The ferry is designed to meet the unique needs of the Fisher Island route, combining enhanced vehicle capacity and passenger comfort with ESG’s proven vessel-construction expertise. FALCON is scheduled for delivery in Spring 2026 and is being constructed at ESG’s Allanton facility in Panama City…
Saipem Unveils AI-Backed Safety Harness for Workers at Height
Saipem has launched the LiSa Hyper Harness, a smart safety harness equipped with sensors and artificial intelligence designed to enhance worker safety during operations at height.The device monitors how workers connect to fall protection systems and alerts both the operator and a supervisor if the connection is missing or incorrect. The harness emits an acoustic signal, similar to a car seatbelt warning…
Seatrium Maintains $12.8B Order Book on Renewables and FPSO Progress
Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031. During the third quarter of 2025 the company…
Hapag-Lloyd Records 50% Profit Drop, Lowers Full Year Outlook
German container shipping firm Hapag-Lloyd on Thursday posted a 50% drop in nine-month net profit to 846 million euros ($986.6 million) and lowered the top end of its full-year earnings outlook, citing market volatility and rising costs.The company narrowed its full-year earnings before interest and taxes (EBIT) forecast to between 0.5 billion and 1.0 billion euros, reducing the upper end from a previous…
Solstad Maritime Inks Contract for Normand Sentinel CSV
Norwegian offshore vessel owner Solstad Maritime has signed a contract award with an international subsea contractor for the Normand Sentinel contract support vessel (CSV).The firm contract will start early 2026 and will keep the Normand Sentinel fully committed until the end of 2027. The agreement, with an undisclosed client, also includes one yearly option thereafter.Normand Sentinel will support the client’s operations worldwide.
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