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Today, Wednesday, May 27 2026, the Baltic Dry Index climbed 39 points, reaching 3124 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 hit ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3124-up-39-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3124-up-39-points/Worley Rosenberg has been awarded a new contract by Subsea 7 for the fabrication of subsea structures for Equinor’s Fram Sør development in the northern North Sea. Under the contract, Worley Rosenberg will fabricate a total of 34 subsea structures, mainly comprising pipeline end manifolds, pipeline end terminations, and pig launchers and receivers. The project …
https://splash247.com/worley-rosenberg-bags-subsea-fabrication-contract-on-equinor-project/
https://splash247.com/worley-rosenberg-bags-subsea-fabrication-contract-on-equinor-project/Oil and gas supermajor BP has removed Albert Manifold as chair and director with immediate effect following serious concerns raised with the board about governance standards, oversight and conduct, in the latest leadership shake‑up at the oil major. Manifold was unanimously removed by the board, and Ian Tyler, a BP director, has been appointed interim …
https://splash247.com/bp-ousts-chairman-albert-manifold-over-unacceptable-conduct/
https://splash247.com/bp-ousts-chairman-albert-manifold-over-unacceptable-conduct/Jason Jiang, who spent nine years as chief correspondent at Splash before leaving in 2021, has launched The Carbon Wake, a weekly note aimed at tracking the commercial consequences of shipping’s green transition rather than its headlines. Shanghai-based Jiang says the genesis was a specific frustration with how the transition is typically covered. “A lot …
https://splash247.com/the-carbon-wake-tracking-the-commercial-reality-behind-green-shipping/
https://splash247.com/the-carbon-wake-tracking-the-commercial-reality-behind-green-shipping/Taiwanese logistics group TVL Marine is set to enter the container shipping sector next month with the launch of a new Hong Kong-Taiwan feeder service, joining a growing wave of regional operators expanding into liner trades. The company will deploy a vessel of around 1,000 teu on a weekly loop linking Hong Kong with Keelung, …
https://splash247.com/taiwans-tvl-marine-to-enter-container-shipping-next-month/
https://splash247.com/taiwans-tvl-marine-to-enter-container-shipping-next-month/Chile has approved the long-awaited Puerto Exterior expansion at the Port of San Antonio, paving the way for what is being described as the largest port infrastructure project in the country’s history and a major new gateway for South American container trade. The Valparaíso regional environmental commission unanimously approved the project’s environmental qualification resolution this …
https://splash247.com/chile-approves-massive-4-45bn-san-antonio-port-expansion/
https://splash247.com/chile-approves-massive-4-45bn-san-antonio-port-expansion/The International Maritime Organization and regional maritime security states have voiced alarm over a resurgence of Somali piracy following a series of vessel hijackings in the Gulf of Aden and western Indian Ocean that has left dozens of seafarers being held hostage. In a strongly worded statement, the chair of the Djibouti Code of Conduct/Jeddah …
https://splash247.com/imo-sounds-alarm-over-return-of-somali-piracy/
https://splash247.com/imo-sounds-alarm-over-return-of-somali-piracy/A VLCC linked to Greek tanker operator Olympic Shipping & Management suffered damage from an external explosion off Oman this week, the latest security incident to unsettle commercial shipping around the Strait of Hormuz. The UK Maritime Trade Operations (UKMTO) agency said the master of the Marshall Islands-flagged Olympic Life reported an explosion on the …
https://splash247.com/explosion-damages-vlcc-off-oman/
https://splash247.com/explosion-damages-vlcc-off-oman/The US Federal Maritime Commission (FMC) has secured a $1.9m civil penalty settlement with Danish container shipping giant Maersk over allegations the carrier improperly billed detention charges to third parties in violation of US shipping regulations. According to the FMC, the case centred on allegations that Maersk invoiced companies that were not legally responsible for …
https://splash247.com/fmc-hits-maersk-with-1-9m-penalty-over-detention-billing-practices/
https://splash247.com/fmc-hits-maersk-with-1-9m-penalty-over-detention-billing-practices/Global agricultural trade is continuing to expand, but longer voyage distances, climate disruption and mounting pressure on key shipping routes are beginning to reshape dry bulk markets and support tonne-mile demand for shipowners. New analysis from shipbrokers Ursa, Braemar and Xclusiv points to a combination of record voyage durations, changing grain export patterns and looming …
https://splash247.com/multiple-disruptions-send-agricultural-voyage-durations-to-record-highs/
https://splash247.com/multiple-disruptions-send-agricultural-voyage-durations-to-record-highs/