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GLO Marine is targeting revenues of more than USD$57.47 million (€50 million) by 2030 as it prepares to establish a permanent operation in the Middle East and bring its new USD$6.9 million (€6 million) Technology Centre in Romania into commercial…
https://www.marinelink.com/news/glo-marine-eyes-m-revenue-middle-east-543042
https://www.marinelink.com/news/glo-marine-eyes-m-revenue-middle-east-543042Argentina's government has presented a bill to crack down on companies operating in the Falkland Islands, potentially escalating tensions with the United Kingdom over the territory that is controlled by Britain but claimed by Argentina.The proposal…
https://www.marinelink.com/news/argentine-government-cracks-down-falkland-543045
https://www.marinelink.com/news/argentine-government-cracks-down-falkland-543045Italy is preparing for a possible naval mission to safeguard its merchant shipping as security concerns mount in the Bab el-Mandeb Strait, Defence Minister Guido Crosetto said on Thursday.Crosetto said he and Italy's chief of defence staff had…
https://www.marinelink.com/news/italy-prepares-navy-amidst-bab-elmandeb-543055
https://www.marinelink.com/news/italy-prepares-navy-amidst-bab-elmandeb-543055Israel's Energy Ministry said on Thursday it plans to expand natural gas production that would boost competition within Israel and increase exports.An inter-ministerial committee headed by the ministry issued final recommendations aimed at the need to raise natural gas output to meet domestic needs,
https://www.marinelink.com/news/israeli-energy-ministry-plans-boost-543056
https://www.marinelink.com/news/israeli-energy-ministry-plans-boost-543056Oil prices eased about 2% on Thursday to a one-week low, after reports of additional Saudi crude cargoes through Oman eased supply concerns, though prices stayed above $100 a barrel on fears the Middle East conflict could widen.Brent crude futures were down $2.67…
https://www.marinelink.com/news/oil-prices-fall-fears-ease-middle-east-543057
https://www.marinelink.com/news/oil-prices-fall-fears-ease-middle-east-543057Shipowners have already ordered more than twice as many supertankers this year as in all of 2025, a buying spree worth over $20 billion that is the biggest for at least 25 years, as the US-Iran war redraws trade routes and boosts demand for long-haul crude shipments.Data from Signal Group…
https://www.marinelink.com/news/usiran-conflicts-drives-increased-global-543058
https://www.marinelink.com/news/usiran-conflicts-drives-increased-global-543058Finnish authorities boarded and searched a target vessel in the Baltic Sea on Thursday in a live drill that officials said shows how seriously the region takes the threat of undersea sabotage after a string of incidents.Finland and the wider…
https://www.marinelink.com/news/finland-run-drills-board-search-vessels-543059
https://www.marinelink.com/news/finland-run-drills-board-search-vessels-543059Shipbroker IFCHOR GALBRAITHS (IG) has launched Bauxite 360, a new research and advisory service providing detailed analysis of the global bauxite market, as rapidly growing trade volumes and increasing concentration around Guinea and China reshape a critical dry bulk trade. Bauxite 360 forms part of IG’s expanding Commodities 360° research series and combines detailed market ...
https://www.hellenicshippingnews.com/ifchor-galbraiths-launches-bauxite-360-as-seaborne-trade-reaches-record-levels/The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose by 0.3% to 3,336 points on Thursday, snapping a five-day losing streakthat pushed the index to the lowest since September 1. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, increased by 0.8% to ...
https://www.hellenicshippingnews.com/baltic-dry-index-snaps-5-day-losing-run/
https://www.hellenicshippingnews.com/baltic-dry-index-snaps-5-day-losing-run/Panamax earnings ease but remain elevated; demand-to-supply ratio falls to 0.91. The BPI fell 41 points week-on-week to 2,407 on 11 September, while P5TC earnings declined by $373 to $21,662/day. Overall earnings held firm in the 96th percentile of weekly benchmarks over the past 52 weeks. On the demand-to-supply series,, tonne-mile demand was 6.9% lower ...
https://www.hellenicshippingnews.com/panamax-in-focus-pacific-routes-gain-as-the-index-eases-and-china-bound-thermal-coal-flows-weaken/