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Market Overview The Baltic Dry Index (BDI) recorded a sharp recovery ahead of the Lunar New Year before correcting on Friday, 6 February 2026. While dry bulk indices have historically softened into the holiday period due to seasonal disruptions, index levels this year remained firmer than at the start of 2025. Index Performance The BDI ...
https://www.hellenicshippingnews.com/bdi-vs-bci-ahead-of-the-lunar-new-year/
https://www.hellenicshippingnews.com/bdi-vs-bci-ahead-of-the-lunar-new-year/The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, declined for a sixth consecutive day on Monday, down 1.5% to a new low since January 26 at 1,895 points, amid lower demand for the larger vessels. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-for-6th-day/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-for-6th-day/VLGC owner and operator BW LPG has entered three-year time charter-out contracts for two of its vessels. The deals were struck for the 2016-built, 84.612 cu m BW Tucana and the 2020-built, 83,315 cu m BW Yushi. The client was left undisclosed. The period charters commenced in January 2026, increasing fixed-rate time charter-out coverage to …
https://splash247.com/bw-lpg-fixes-two-vlgcs-on-three-year-time-charters/
https://splash247.com/bw-lpg-fixes-two-vlgcs-on-three-year-time-charters/Cadeler’s service arm, Nexra, has signed a firm contract for an operations and maintenance campaign in Taiwan. The contract with an undisclosed client is expected to exceed €20m ($23.7m) and will be executed across two offshore wind farms in Taiwan. The campaign will commence in March 2026, will run for 3-4 months, and will be …
https://splash247.com/cadeler-arm-wins-taiwan-offshore-wind-om-contract/
https://splash247.com/cadeler-arm-wins-taiwan-offshore-wind-om-contract/Norway’s Eidesvik Offshore has been awarded a charter extension from compatriot energy giant Equinor for one of its large platform supply vessels (PSV). The extension was awarded to the 5,700 dwt PSV Viking Avant. The extension will begin in direct continuation of the current charter. Eidesvik said in an Oslo Bors filing that the vessel’s …
https://splash247.com/eidesvik-secures-fresh-equinor-extension-for-long-serving-psv/
https://splash247.com/eidesvik-secures-fresh-equinor-extension-for-long-serving-psv/Transocean is set to absorb rival offshore driller Valaris in a move that reshapes the upper end of the global rig market and adds fresh momentum to an already busy consolidation cycle.T he Switzerland-based offshore drilling heavyweight said it has signed a definitive agreement to acquire US-listed Valaris in an all-stock transaction valued at about …
https://splash247.com/transocean-snaps-up-valaris-in-5-8bn-stock-deal/
https://splash247.com/transocean-snaps-up-valaris-in-5-8bn-stock-deal/New Zealand has shortlisted contractors to build a liquefied natural gas (LNG) import facility to boost energy security, provide a reliable backup power source and support economic growth, Energy Minister Simon Watts said on Monday.The government…
https://www.marinelink.com/news/new-zealand-moves-ahead-lng-import-535477
https://www.marinelink.com/news/new-zealand-moves-ahead-lng-import-535477Nexra, Cadeler’s dedicated service concept, has signed a firm contract for the execution of an offshore wind operations and maintenance (O&M) campaign in Taiwan.The contract, with an undisclosed client, has an expected value exceeding $23.6…
https://www.marinelink.com/news/cadelers-nexra-lines-om-campaign-taiwan-535478
https://www.marinelink.com/news/cadelers-nexra-lines-om-campaign-taiwan-535478Belgian oil tanker group CMB.TECH has agreed to sell two very large crude carriers (VLCCs) in a transaction expected to generate a capital gain of about $98.2 million.The vessels sold are 2012-built, 314,000 dwt Ingrid and Ilma VLCCs.The ships…
https://www.marinelink.com/news/cmbtech-record-m-gain-sale-two-oil-535479
https://www.marinelink.com/news/cmbtech-record-m-gain-sale-two-oil-535479AET signed an agreement for its first hybrid electric Dynamic Positioning Shuttle Tanker (DPST), designed to be dual-fuel, lower-emissions-ready and secured on long-term charter. AET operates one of the world’s largest DPST fleets, with 17 vessels deployed across Brazil and Norway…
https://www.marinelink.com/news/aet-adds-hybrid-electric-dynamic-535483
https://www.marinelink.com/news/aet-adds-hybrid-electric-dynamic-535483