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The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, was little changed on Friday but registered a third straight weekly gain on the back of strong gains in the capesize vessel segment. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 1 point, ...
https://www.hellenicshippingnews.com/baltic-index-gains-for-third-straight-week-on-higher-capesize-demand/Iron ore futures locked in a fifth consecutive weekly gain, overcoming an early decline on Friday even as rising port inventories and weaker global steel production weighed on prices. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.11% lower at 802.5 yuan ($112.01) a metric ton. The contract ...
https://www.hellenicshippingnews.com/iron-ore-marks-fifth-weekly-gain-despite-tepid-steel-output-rising-inventories/The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, was little changed on Friday but registered a third straight weekly gain on the back of strong gains in the capesize vessel segment. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 1 point, ...
https://www.hellenicshippingnews.com/baltic-index-gains-for-third-straight-week-on-higher-capesize-demand/Today, Friday, July 25 2025, the Baltic Dry Index decreased by 01 points, reaching 2257 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2257-down-01-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2257-down-01-points/Malaysian offshore services player Sapura Energy has secured a pair of offshore contracts in Thailand worth more than $118m, marking a fresh boost for the company’s regional backlog. The awards were handed to Sapura’s wholly owned Thai unit, Sapura Energy (Thailand), and cover an offshore installation and removal campaign from Chevron as well as subsea …
https://splash247.com/sapura-energy-lands-offshore-deals-in-thailand-worth-over-118m/
https://splash247.com/sapura-energy-lands-offshore-deals-in-thailand-worth-over-118m/New York-listed offshore driller Valaris has been awarded contract extensions for three of its jackups. The company won a four-year contract extension for the 2015-built Valaris 110 jackup offshore Qatar. The contract extension is expected to begin in October 2025 in direct continuation of the existing contract. The contracted revenue backlog for the four-year extension …
https://splash247.com/valaris-jackup-trio-wins-138m-in-contract-extensions/
https://splash247.com/valaris-jackup-trio-wins-138m-in-contract-extensions/Russian shipping news was a near-constant on Daily Splash – our free newsletter – throughout the week. A new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels created some tanker turmoil with a temporary halt on foreign oil tanker loadings at key Black Sea export hubs reported mid-week. The …
https://splash247.com/splash-wrap-mines-mishaps-and-moscow/
https://splash247.com/splash-wrap-mines-mishaps-and-moscow/The dry bulk S&P market has entered a new phase of momentum, with the kamsarmax segment leading a resurgent wave of transactions. A weeks-long release of pent-up capital, combined with bullish freight markets, has triggered intense competition for modern tonnage and lifted asset prices—bucking the usual summer slowdown. Market sources report that bulkers previously struggling …
https://splash247.com/kamsarmax-bulker-prices-climb/
https://splash247.com/kamsarmax-bulker-prices-climb/Swiss dry bulk operator Nova Marine Carriers has cemented its position as one of the most active players in the resurgent handysize S&P market, acquiring its third handysize bulker since April as part of a strategic fleet expansion centred on Japanese-built tonnage. Its latest acquisition, the 25,000 dwt Lucky Trader (built 2011), was purchased for …
https://splash247.com/nova-marine-carriers-accelerates-handysize-fleet-growth/
https://splash247.com/nova-marine-carriers-accelerates-handysize-fleet-growth/Niche Chinese liner Sea Legend Shipping is set to launch a direct container service between China and northern Europe via the Northern Sea Route (NSR). The new seasonal service, expected to begin in September, will offer an 18-day transit between East Asia and Europe—nearly halving the 30 to 50 days typically required via the Cape …
https://splash247.com/sea-legend-launches-china-europe-arctic-container-service/
https://splash247.com/sea-legend-launches-china-europe-arctic-container-service/