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Capesize The market closed the week on a softer footing, with the BCI 182 5TC easing from just under $50,000 at the start of the week to $44,374, reflecting a clear loss of momentum as the week progressed. Trading conditions were characterised by persistently thin liquidity, disrupted participation due to Posidonia, and generally subdued miner ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-softening/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-market-softening/A small containership trading between Singapore and Malaysia has sunk off the Indonesian island of Batam after reportedly taking on water, prompting navigation warnings for ships transiting one of the world’s busiest shipping corridors. The 1995-built Golden Star 1, a Tanzania-flagged container and general cargo vessel operated by Pancon Shipping and Marine, went down about …
https://splash247.com/boxship-goes-down-off-batam/
https://splash247.com/boxship-goes-down-off-batam/A maritime drone self-detonated on Friday in Romania's Black Sea port of Constanta near an oil terminal, without causing casualties, as Ukraine accused Russia of jamming one of its vessels before it drifted into Romanian waters.The explosion…
https://www.marinelink.com/news/maritime-drone-selfdetonates-constanta-540008
https://www.marinelink.com/news/maritime-drone-selfdetonates-constanta-540008Finnish police investigating last year's damage to two subsea telecommunication cables in the Baltic Sea said on Friday that four people are suspected of a crime, and that prosecutors will decide on any charges.Finland seized the Fitburg cargo ship on December 31 while en route from Russia to Israel
https://www.marinelink.com/news/finnish-police-suspect-four-people-subsea-540009
https://www.marinelink.com/news/finnish-police-suspect-four-people-subsea-540009The United States Merchant Marine Academy (USMMA) announced that U.S. Secretary of the Army Daniel Driscoll will deliver the 90th commencement address at USMMA for the Class of 2026 on Monday, June 22.“We are excited to welcome Secretary Driscoll to Kings Point.
https://www.marinelink.com/news/us-merchant-marine-academy-names-us-540011
https://www.marinelink.com/news/us-merchant-marine-academy-names-us-540011The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, fell for the sixth consecutive session on Friday, down 1.8% to the lowest since May 21 at 2,981 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, declined by 2.9% to 4,893 points; and ...
https://www.hellenicshippingnews.com/baltic-dry-index-eases-for-6th-day/
https://www.hellenicshippingnews.com/baltic-dry-index-eases-for-6th-day/Seaborne coal exports from Indonesia have been falling so far in 2026. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Apr 2026, global seaborne coal loadings declined by -0.1% y-o-y to 410.7 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Apr 2026, exports from Indonesia declined by ...
https://www.hellenicshippingnews.com/dry-bulk-market-indonesian-coal-exports-retreating/
https://www.hellenicshippingnews.com/dry-bulk-market-indonesian-coal-exports-retreating/A new consortium facilitated by the Global Maritime Forum and RMI will work to establish a green shipping corridor between the Port of Açu in Brazil and the Port of Antwerp-Bruges in Belgium. The consortium also includes HIF Global, Fuella, NYK Line, Höegh Autoliners, and Wallenius Wilhelmsen. The consortium will assess infrastructure, vessels, and business …
https://splash247.com/consortium-to-establish-brazil-europe-green-shipping-corridor/
https://splash247.com/consortium-to-establish-brazil-europe-green-shipping-corridor/South Korea’s HD Hyundai is looking to expand the application of small modular reactor (SMR) propulsion technology from container ships to car carriers. HD Hyundai’s shipbuilding affiliates, HD Hyundai Heavy Industries and HD Korea Shipbuilding & Offshore Engineering, received approval in principle for the conceptual design of a large pure car and truck carrier (PCTC) …
https://splash247.com/hd-hyundai-takes-nuclear-ship-ambitions-into-car-carrier-sector/
https://splash247.com/hd-hyundai-takes-nuclear-ship-ambitions-into-car-carrier-sector/Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion.Brent crude futures LCOc1 fell 24 cents, or 0.25%, to $94.79…
https://www.marinelink.com/news/oil-slips-oman-reports-normal-operations-539999
https://www.marinelink.com/news/oil-slips-oman-reports-normal-operations-539999