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Chinese shipyards booked more new tonnage in the first half of 2026 than during any previous full year, tightening their grip on the global order market. New contracts totalled 121.06m dwt between January and June, up 173.1% year on year and equal to 82.3% of global ordering on a deadweight basis, according to China’s Ministry …
https://splash247.com/china-smashes-ship-order-record-in-first-half/
https://splash247.com/china-smashes-ship-order-record-in-first-half/Singapore offshore vessel operator PACC Offshore Services Holdings has secured a long-term subsea diving services contract in the Arabian Gulf. The Kuok Maritime Group company will deploy the POSH Mallard to provide saturation and air diving services for upcoming offshore developments, supported by a remotely operated vehicle.POSH did not disclose the client, contract value, commencement …
https://splash247.com/posh-lands-long-term-gulf-contract/
https://splash247.com/posh-lands-long-term-gulf-contract/India’s Adani Shipping has started pruning its capesize fleet, selling the 2012-built Aashna to Chinese buyers for approximately $37.5m. Brokers had initially circulated the 179,500-dwt Aashna and its sistership Aanya as an en-bloc transaction worth around $75m. However, Splash understands that only the sale of Aashna has been completed, with Aanya remaining on the market. …
https://splash247.com/adani-cuts-capesize-arm-with-37-5m-deal/
https://splash247.com/adani-cuts-capesize-arm-with-37-5m-deal/The European Commission has proposed adding two Indian facilities to its approved ship recycling list, potentially ending a decade-long exclusion of South Asian yards from the European regime. The move would mark the first time that recycling facilities in India have been admitted to the European List of Ship Recycling Facilities, although the updated list …
https://splash247.com/eu-moves-to-approve-first-indian-ship-recycling-yards/
https://splash247.com/eu-moves-to-approve-first-indian-ship-recycling-yards/Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran.Brent futures LCOc1 fell nearly $4…
https://www.marinelink.com/news/oil-eases-topping-set-weekly-rise-541503
https://www.marinelink.com/news/oil-eases-topping-set-weekly-rise-541503Dutch offshore contractor Allseas has completed one of the most extensive renewal and upgrade programs in the history of its pipelay vessel Solitaire, paving the way for the ship's return to commercial operations following 10 months of work…
https://www.marinelink.com/news/allseas-readies-overhauled-solitaire-541504
https://www.marinelink.com/news/allseas-readies-overhauled-solitaire-541504GTT Marine has won a contract to deploy its integrated suite of digital vessel performance solutions across Petronas’ chartered LNG carrier fleet, aiming to improve operational efficiency, lower costs and reduce emissions.The agreement covers…
https://www.marinelink.com/news/gtt-marine-digitize-petronas-lng-fleet-541509
https://www.marinelink.com/news/gtt-marine-digitize-petronas-lng-fleet-541509ABS has signed two agreements with South Korean shipbuilding organizations aimed at advancing software-defined vessel technology and strengthening workforce development for the U.S. and Korean shipbuilding industries.The first agreement will…
https://www.marinelink.com/news/abs-deepens-south-koreaus-shipbuilding-541510
https://www.marinelink.com/news/abs-deepens-south-koreaus-shipbuilding-541510U.S. missiles struck targets across Iran, reaching as far as its Caspian coast, on Friday after President Donald Trump vowed "major military punishment" for Tehran and its Houthi allies in Yemen for extending the Middle East war to a second major shipping chokepoint…
https://www.marinelink.com/news/us-missiles-strike-across-iran-houthis-541513
https://www.marinelink.com/news/us-missiles-strike-across-iran-houthis-541513Today, Friday, July 24 2026, the Baltic Dry Index climbed 18 points, reaching 2743 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 hit ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2743-up-18-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2743-up-18-points/