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Swire Shipping is to fully integrate its specialist project and heavy lift business, Swire Projects, into the main Swire Shipping brand from November, while also investing further in the multipurpose fleet supporting the operation. The Singapore-headquartered company has agreed to acquire four of the six multipurpose heavylift vessels currently operated by Swire Projects under lease …
https://splash247.com/swire-shipping-folds-project-cargo-arm-into-main-brand/
https://splash247.com/swire-shipping-folds-project-cargo-arm-into-main-brand/An average of 10 commodity ships transited the Strait of Hormuz per day over the past 10 days, the lowest since May, according to shipping data on Monday, after U.S. and Iranian strikes on tankers.The 10-day moving average was 10 on Sunday, down from more than 15 on Friday and nearly 13 on Saturday…
https://www.marinelink.com/news/tanker-strikes-push-hormuz-traffic-lowest-542770
https://www.marinelink.com/news/tanker-strikes-push-hormuz-traffic-lowest-542770Windward Offshore has taken delivery of the Windward Hamburg, completing its four-vessel series of purpose-built commissioning service operation vessels (CSOVs) ordered from shipbuilder Vard.The delivery brings the Windward Hamburg into the fleet alongside sister vessels Windward Athens…
https://www.marinelink.com/news/windward-offshore-completes-fourvessel-542776
https://www.marinelink.com/news/windward-offshore-completes-fourvessel-542776Today, Monday, September 7 2026, the Baltic Dry Index decreased by 53 points, reaching 3575 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-3575-down-53-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-3575-down-53-points/Spain has widened the rules governing state-backed ship financing, allowing previously approved projects to amend their subsidy awards when construction contracts or financing structures change substantially before delivery. Royal Decree, which entered into force on September 4, plugs a gap left by revisions to Spain’s shipbuilding support framework introduced last year. Under the change, projects …
https://splash247.com/madrid-tweaks-shipbuilding-support-rules-amid-yard-revival/
https://splash247.com/madrid-tweaks-shipbuilding-support-rules-amid-yard-revival/Russia has started shipping crude from the giant Vostok Oil development through the newly built Bukhta Sever terminal on the Taimyr Peninsula, opening what Moscow intends to become one of the Arctic’s largest oil export gateways. President Vladimir Putin gave the order by video link over the weekend to begin loading the first cargo aboard …
https://splash247.com/vostok-oil-starts-flowing-from-new-arctic-terminal/
https://splash247.com/vostok-oil-starts-flowing-from-new-arctic-terminal/The Panama Canal has postponed its latest planned neopanamax draft restriction, offering shipowners some relief after a summer of steadily tightening water constraints. The Panama Canal Authority (ACP) said on Friday it will maintain the maximum authorised draft at 14.63 m, or 48 ft, in tropical fresh water. A reduction to 14.48 m, or 47.5 …
https://splash247.com/panama-canal-postpones-latest-draft-cut-with-rains-offering-respite/
https://splash247.com/panama-canal-postpones-latest-draft-cut-with-rains-offering-respite/The increasingly violent tanker war around the Strait of Hormuz is threatening to send oil prices sharply higher, with Goldman Sachs warning today Brent could hit $120 a barrel if attacks on shipping intensify. The warning comes after another extraordinary weekend at sea in which Iran claimed attacks on three tankers, the US destroyed or …
https://splash247.com/iran-threatens-wider-hormuz-exclusion-zone-after-tanker-strikes/
https://splash247.com/iran-threatens-wider-hormuz-exclusion-zone-after-tanker-strikes/Ukraine’s maritime campaign against Russian shipping has pushed deep into the Mediterranean, with reports over the weekend that the sanctioned Russian roro Lady Mariia was struck by drones near Crete. Drones dropped bombs on the 7,184 dwt vessel on Sunday as it headed east towards Syria. The precise origin of the attack and the extent …
https://splash247.com/russian-military-linked-roro-targeted-near-crete/
https://splash247.com/russian-military-linked-roro-targeted-near-crete/Shipping’s proposed global carbon price has survived another bruising week at the International Maritime Organization, with a clear majority of countries continuing to back the core architecture of the Net-Zero Framework ahead of a decisive round of talks in December. Nearly 1,200 delegates participated in last week’s ISWG-GHG 22 meeting in London, where governments attempted …
https://splash247.com/imo-carbon-price-heads-for-december-showdown/
https://splash247.com/imo-carbon-price-heads-for-december-showdown/