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A likely tightening of palm oil supply driven by Indonesia’s higher biodiesel mandate is expected to support continued growth in longhaul soybean oil shipments from the Americas to Asia in 2026, thereby boosting tonne-mile demand for large chemical tankers. However, the ongoing US–India trade negotiations pose a downside risk. If India allows imports of genetically ...
https://www.hellenicshippingnews.com/growth-of-longhaul-vegoil-trade-at-risk-amid-looming-us-india-trade-deal/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell to a near three-week low on Thursday, weighed down by weaker vessel rates across all segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell for its sixth straight session by ...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-to-near-three-week-low-on-falling-vessel-rates/Today, Friday, December 12 2025, the Baltic Dry Index decreased by 89 points, reaching 2205 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-2205-down-89-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2205-down-89-points/One of Russia’s two biggest oil producers Lukoil has stopped production on a platform on the Vladimir Filanovsky field after a strike by four Ukrainian aerial drones. According to media reports quoting the Ukrainian Security Service, this was the first time a drone struck a Russian oil platform in the Caspian. The V. Filanovsky field, …
https://splash247.com/lukoil-halts-output-at-major-caspian-field-after-ukrainian-drone-attack/
https://splash247.com/lukoil-halts-output-at-major-caspian-field-after-ukrainian-drone-attack/Let’s stop treating warning signs at sea as just part of the job, writes Ronald Spithout, managing director of OneHealth by VIKAND. As the festive season approaches, many people look forward to rest, celebration and time with family and friends. However, for many seafarers, this period is spent miles away from home, often working long …
https://splash247.com/burnout-wave-hits-crews-worldwide/
https://splash247.com/burnout-wave-hits-crews-worldwide/South Korea’s Hanwha Group has secured approval to lift its stake in Austal to 19.9%, becoming the Australian defence shipbuilder’s largest shareholder in a move expected to reshape naval-industry cooperation between Seoul, Canberra and Washington. Australia’s treasurer Jim Chalmers confirmed the decision on Thursday, following a review by the Foreign Investment Review Board. It follows …
https://splash247.com/hanwha-becomes-austals-largest-shareholder/
https://splash247.com/hanwha-becomes-austals-largest-shareholder/Greek owner Element Shipmanagement has moved into the popular handysize segment, reshaping its once pure-play container strategy. The Piraeus-based outfit made its first move outside containers since its humble start in 2012, picking up the 35,000 dwt Union Groove from fellow Greek owner Union Commercial for $13.6m. The ship is now renamed LM Demeter. Element …
https://splash247.com/element-shipmanagement-enters-dry/
https://splash247.com/element-shipmanagement-enters-dry/US forces seized the VLCC Skipper off Venezuela as the battle between Washington and Caracas intensified with the Trump administration suggesting other vessels could be hijacked, too. China’s state-run shipping COSCO, the world’s largest shipowner, placed a massive order for 87 newbuildings worth more than $7bn with yards under China State Shipbuilding Corp (CSSC), sealing …
https://splash247.com/splash-wrap-raids-record-orders-and-rewired-trade/
https://splash247.com/splash-wrap-raids-record-orders-and-rewired-trade/Two of Japan’s biggest shipping lines — Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) — have agreed to pay £54m ($72.25m) to settle the long-running UK collective action over the car carrier cartel, drawing a line under a saga that stretches back a quarter of a century. The proposed settlement, announced in London …
https://splash247.com/nyk-and-mol-agree-72m-payout-in-uk-car-carrier-cartel-case/
https://splash247.com/nyk-and-mol-agree-72m-payout-in-uk-car-carrier-cartel-case/Washington is gearing up for a wave of tanker seizures off Venezuela as the Trump administration revives and escalates sanctions enforcement against the country’s oil trade. A day after announcing the dramatic capture of a stateless VLCC (pictured) carrying sanctioned Venezuelan crude, the US treasury on Thursday sanctioned six additional VLCCs and their operating companies …
https://splash247.com/us-identifies-dozens-of-tankers-for-possible-seizure/
https://splash247.com/us-identifies-dozens-of-tankers-for-possible-seizure/