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Capesize Tonne Miles to China While the WAUS–China trade remains the largest by volume, the Africa–North China Capesize route has seen a larger increase in tonne-mile demand over the last year than the Brazil–China route. The dry bulk freight market has demonstrated robust performance in the Atlantic and Pacific basins in the lead-up to China’s ...
https://www.hellenicshippingnews.com/dry-bulk-markets-stay-firm-ahead-of-lunar-new-year-pressure-points/The shipping markets have started off the new year unusually well. In its latest weekly report, shipbroker Xclusiv said that “January has traditionally been the month that tests optimism. Dry bulk, in particular, has a habit of starting the year with a few “hopeful” fixtures and then bleeding lower into late January as cargo programs ...
https://www.hellenicshippingnews.com/shipping-markets-and-januarys-rosy-picture/
https://www.hellenicshippingnews.com/shipping-markets-and-januarys-rosy-picture/Oslo’s Floatel has firmed up Floatel Victory for another Brazil maintenance and safety unit (MSU) run with Brava Energia, extending the flotel’s South American stay. Floatel International said it has converted an October letter of intent into a six-month firm contract for the unit. The 2013-built semisub starts in the fourth quarter of 2026, with …
https://splash247.com/floatel-firms-up-vessel-deal-in-brazil/
https://splash247.com/floatel-firms-up-vessel-deal-in-brazil/KESTO, the offshore wind joint venture between Denmark’s Esvagt and South Korean shipping company KMC Line, has secured its first contracts, signing a long-term vessel deal with turbine maker Vestas for the Shinan-Ui offshore wind farm. Under the agreement, KESTO will provide offshore service logistics to Vestas from 2028 for a minimum period of 10 …
https://splash247.com/esvagt-kmc-venture-lines-up-ctv-build-backed-by-vestas-deal-in-south-korea/
https://splash247.com/esvagt-kmc-venture-lines-up-ctv-build-backed-by-vestas-deal-in-south-korea/MOL Chemical Tankers has announced a change at the top, with chief executive Akira Sasa set to retire at the end of March. Sasa, who took over as president and CEO in April 2022, joined the Singapore-based chemical tanker operator as a director in 2020 and has led the business through a period of fleet …
https://splash247.com/mol-chemical-tankers-readies-leadership-change/
https://splash247.com/mol-chemical-tankers-readies-leadership-change/KESTO, a joint venture between Denmark’s ESVAGT and South Korea’s KMC Line, has secured its first contracts to provide offshore service logistics for Vestas at the Shinan-Ui offshore wind farm in South Korea.From 2028 and for a minimum period of 10 years…
https://www.marinelink.com/news/esvagtkmc-jv-nets-longterm-vessel-deal-535247
https://www.marinelink.com/news/esvagtkmc-jv-nets-longterm-vessel-deal-535247The Bureau of Ocean Energy Management, today announced another major step toward expanding offshore energy development pursuant to the One Big Beautiful Bill Act. BOEM released the Final Notice of Sale for Lease Sale Big Beautiful Gulf 2 (BBG2)…
https://www.marinelink.com/news/boem-advances-second-obbba-offshore-lease-535260
https://www.marinelink.com/news/boem-advances-second-obbba-offshore-lease-535260Today, Wednesday, February 04 2026, the Baltic Dry Index decreased by 73 points, reaching 1955 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-1955-down-73-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1955-down-73-points/Amazon and RWE have signed a power purchase agreement (PPA) for 110MW from the German company’s Nordseecluster B offshore wind farm. The PPA builds on the strategic framework agreement signed between the two companies in June 2025, under which RWE supports Amazon’s carbon-free energy goals while Amazon Web Services provides cloud services, AI, and data …
https://splash247.com/amazon-locks-in-110mw-from-rwes-german-offshore-wind-project/
https://splash247.com/amazon-locks-in-110mw-from-rwes-german-offshore-wind-project/TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW), acting on behalf of the German government, to sell a 25.1% stake in TenneT Germany for approximately €3.3bn ($3.9bn). This investment strengthens TenneT Germany’s financial position as the owner of strategic infrastructure in Germany. This transaction follows up on the previously announced €9.5bn equity …
https://splash247.com/germany-acquires-stake-in-tennet-for-3-9bn/
https://splash247.com/germany-acquires-stake-in-tennet-for-3-9bn/