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The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, rose on Tuesday, supported by higher rates for capesize vessels. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, rose 13 points, or 0.7%, to 1,958 points. The capesize index gained 59 points, or 2%, ...
https://www.hellenicshippingnews.com/baltic-index-rises-on-firmer-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-rises-on-firmer-capesize-rates/More Capesizes have been added to the global orderbook over the past week, according to shipbroker reports. In its latest one, shipbroker Banchero Costa said that “in the bulk sector, China’s Taizhou Kouan Shipbuilding secured an order for 2 x 210,000 DWT Newcastlemax vessels from China Huarong Financial. Since the order is between two Chinese ...
https://www.hellenicshippingnews.com/more-capesizes-added-to-the-global-orderbook/
https://www.hellenicshippingnews.com/more-capesizes-added-to-the-global-orderbook/Greece’s Latsco Shipping has firmed up its move into container shipping, exercising options for two additional 1,900 teu vessels at China’s Huangpu Wenchong Shipbuilding. According to brokers, the Paris Kassidokostas-Latsis-led owner has confirmed the extra pair, with delivery scheduled for June and August 2028. The decision follows an initial order placed earlier this year for …
https://splash247.com/latsco-firms-up-boxship-brace-at-huangpu-wenchong/
https://splash247.com/latsco-firms-up-boxship-brace-at-huangpu-wenchong/Greek dry bulk owner Diana Shipping has sealed a fresh charter deal with MOL Ocean Bulk and extended another with Bunge, adding up to around $12.5m in gross revenue for the two vessels. The New York-listed company said it fixed its 2012-built 206,104 dwt newcastlemax Los Angeles to MOL at $24,000 per day, less 5% …
https://splash247.com/diana-shipping-nets-12-5m-from-fresh-mol-and-bunge-charters/
https://splash247.com/diana-shipping-nets-12-5m-from-fresh-mol-and-bunge-charters/Chinese bulker owner Fujian Guohang Ocean Shipping has scrapped plans to build two 73,800 dwt bulk carriers at Jiangsu Haitong Offshore Engineering Equipment, saying the ships no longer fit its strategic direction. The Beijing Stock Exchange-listed company’s board approved the decision to terminate the construction contract, which was part of a four-plus-two series originally signed …
https://splash247.com/fujian-guohang-drops-two-bulker-orders-at-jiangsu-haitong/
https://splash247.com/fujian-guohang-drops-two-bulker-orders-at-jiangsu-haitong/Greek tanker owner Performance Shipping has signed a fresh two-year charter deal for its 2013-built aframax P Long Beach with ExxonMobil’s shipping arm, SeaRiver Maritime. The 105,408 dwt vessel will start the new employment at a daily rate of $30,500 upon redelivery from its current charterer, expected around mid-December 2025. The agreement adds about $21.35m …
https://splash247.com/performance-shipping-aframax-lands-two-year-exxonmobil-charter/
https://splash247.com/performance-shipping-aframax-lands-two-year-exxonmobil-charter/Greek containership owner Costamare has expanded its newbuilding programme in China, adding two more 3,100 teu vessels to its growing series. The New York-listed company said in its third-quarter earnings report that the vessels are scheduled for delivery in the first quarter of 2028 from an undisclosed Chinese shipyard. Both ships will go straight onto …
https://splash247.com/costamare-lifts-chinese-newbuild-series-to-six-boxships/
https://splash247.com/costamare-lifts-chinese-newbuild-series-to-six-boxships/HII appointed Tim Taylor as vice president of engineering, technology and design at its Newport News Shipbuilding division.Taylor, a U.S. Navy veteran, has served NNS for 29 years in positions of increasing responsibility, including work control, submarine ship’s safety and sea trial coordination.
https://www.marinelink.com/news/hii-names-taylor-leading-vessel-design-531962
https://www.marinelink.com/news/hii-names-taylor-leading-vessel-design-531962Ocean Network Express (ONE) has released its financial results for FY2025 2nd quarter (July 2025 to September 2025).The revenue for FY2025 2nd quarter was $4,455 million, with net profit of $285 million."Our FY2025 2Q results underscore ONE’s resilience and stability in a challenging market.
https://www.marinelink.com/news/ocean-network-express-releases-financial-531967
https://www.marinelink.com/news/ocean-network-express-releases-financial-531967Greek dry bulk heavyweight Star Bulk Carriers has reportedly joined the latest wave of Greek bulk carrier ordering activity in China, signing up for up to six kamsarmaxes at Hengli Shipbuilding. Newbuilding sources in Greece have tied the Nasdaq-listed Athens-based company to a deal for four firm and two optional scrubber-fitted 82,000 dwt vessels with …
https://splash247.com/star-bulk-tied-to-fresh-kamsarmax-orders-at-hengli/
https://splash247.com/star-bulk-tied-to-fresh-kamsarmax-orders-at-hengli/