Market & Freight
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Iron Ore Futures Slip 1.68% as Port Spot Prices Retreat
Iron ore futures on the Dalian exchange fell 1.68% on July 1 2026, with port spot prices down 10–12 yuan/ton. Key freight market update for bulk carrier operators.
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MODEC FPSO Arrives at Danish Recycling Yard After Brazil Ops
MODEC confirms its FPSO has arrived at a Danish ship recycling yard after completing its operational assignment offshore Brazil.
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Zhonggu Logistics Resizes Newbuilds, Plans Three Vessel Sales
Zhonggu Logistics upsizes eight containership newbuilds from 6,000 to 6,300 TEU and plans to sell three vessels in a dual fleet strategy.
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Engine Shortages Return to Constrain Shipyard Output
Engine shortages are returning to constrain global shipyard output, with dual-fuel two-stroke units most affected. What bulk carrier operators need to know.
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US Coast Guard Contracts Commercial Vessel for Cutter Logistics
US Coast Guard contracts Bordelon Marine’s Connor Bordelon for cutter logistics support, extending on-station endurance using commercial offshore tonnage.
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PSA and Logtainer Launch New Padua Intermodal Terminal Operator
PSA Intermodal Italy and Logtainer establish PSA Padova to manage Interporto Padova’s intermodal terminal, strengthening European inland freight logistics.
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Fortescue and CMB.TECH Agree Up to 12 Ammonia-Capable Newcastlemaxes
Fortescue and CMB.TECH sign a deal for up to 12 ammonia-capable Newcastlemax bulk carriers in a major commercial commitment to alternative marine fuels.
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Fortescue and CMB.TECH Sign Ammonia-Capable Newcastlemax Deal
Fortescue and CMB.TECH sign a charter deal for up to 12 ammonia-capable Newcastlemax bulk carriers in a major dry bulk decarbonisation commitment.
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Dorian LPG Orders VLGC Newbuild, Divests Three Older Vessels
Dorian LPG orders a 90,000 cbm VLGC at HD Hyundai for 2029 delivery and divests three older vessels in a strategic fleet renewal move.
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Norebo Acquires Dalreefer in Russian Reefer Sector Consolidation
Russian seafood group Norebo acquires Vladivostok reefer operator Dalreefer, reshaping cold-chain freight dynamics on Russia’s Far East shipping corridors.