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Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share for the block of A-shares in the Copenhagen- and New York-listed firm. The transaction is subject to final documentation and …
https://splash247.com/hafnia-swoops-for-14-5-torm-stake-in-311-deal-with-oaktree/
https://splash247.com/hafnia-swoops-for-14-5-torm-stake-in-311-deal-with-oaktree/The Panama Maritime Authority (PMA), through the Directorate General of Merchant Marine (DGMM), held a roundtable with the International Association of Recognized Organizations (IARO) to review, update, and align Panama’s Ship Registry regulations…
https://www.marinelink.com/news/pma-classification-societies-hold-529573
https://www.marinelink.com/news/pma-classification-societies-hold-529573New Wave Media, a leading B2B media company serving the global maritime, offshore energy, subsea and logistics sectors, acquired the Port of the Future Conference & Exhibition, a premier international symposium known for its focus on advancing port infrastructure…
https://www.marinelink.com/news/days-ports-new-wave-media-acquires-port-529578
https://www.marinelink.com/news/days-ports-new-wave-media-acquires-port-529578Sea Machines Robotics Inc. is launching six new products to better serve customers calling for highly-adaptive marine autonomy. Included is a modernization and expansion of the SM300 hardware lines, two high-level software APIs, a real-time cloud-based fleet data platform…
https://www.marinelink.com/news/sea-machines-expands-product-line-defense-529580
https://www.marinelink.com/news/sea-machines-expands-product-line-defense-529580GTT announced that it has received, during the third quarter of 2025, a new order from the Korean shipyard Hanwha Ocean for the tank design of two new Liquefied Natural Gas Carriers (LNGCs) on behalf of the ship-owner Hanwha Shipping, an entity…
https://www.marinelink.com/news/gtt-receives-order-hanwha-ocean-lng-529581
https://www.marinelink.com/news/gtt-receives-order-hanwha-ocean-lng-529581Today, Wednesday, September 03 2025, the Baltic Dry Index decreased by 46 points, reaching 1940 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-1940-down-46-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1940-down-46-points/Prices of iron ore futures climbed for a second straight session on Wednesday, as Goldman Sachs raised its average price forecast for the fourth quarter of this year to $95 a metric ton from $90 a ton previously. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.71% higher ...
https://www.hellenicshippingnews.com/iron-ore-extends-gain-as-goldman-sachs-lifts-fourth-quarter-price-forecast/This week we take a closer look at the shifting grain flows of 2025, as U.S.–China trade tensions continue to dominate global perspectives. Agriculture remains at the core of these frictions, with China’s move away from U.S. soybeans becoming increasingly evident and Brazil solidifying its role as the leading supplier. As highlighted in our July ...
https://www.hellenicshippingnews.com/china-shifts-to-south-american-soy-u-s-corn-rises-to-japan/
https://www.hellenicshippingnews.com/china-shifts-to-south-american-soy-u-s-corn-rises-to-japan/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell to a near two-week low on Wednesday, pressured by lower rates for capesize and panamax vessels. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 46 points to 1,940 points, ...
https://www.hellenicshippingnews.com/baltic-index-hits-near-two-week-low-as-larger-vessel-rates-fall/Saudi Arabia’s ADES has signed a multi-year contract extension with QatarEnergy for its jackup rig Aquamarine Driller, marking its second long-term award in Qatar this year. The deal secures the rig for a firm period of four years, with three additional one-year options. If fully exercised, the contract would run to 2032. The extension takes …
https://splash247.com/ades-scores-multi-year-jackup-extension-deal-in-qatar/
https://splash247.com/ades-scores-multi-year-jackup-extension-deal-in-qatar/