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Today, Friday, July 25 2025, the Baltic Dry Index decreased by 01 points, reaching 2257 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-2257-down-01-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2257-down-01-points/Malaysian offshore services player Sapura Energy has secured a pair of offshore contracts in Thailand worth more than $118m, marking a fresh boost for the company’s regional backlog. The awards were handed to Sapura’s wholly owned Thai unit, Sapura Energy (Thailand), and cover an offshore installation and removal campaign from Chevron as well as subsea …
https://splash247.com/sapura-energy-lands-offshore-deals-in-thailand-worth-over-118m/
https://splash247.com/sapura-energy-lands-offshore-deals-in-thailand-worth-over-118m/New York-listed offshore driller Valaris has been awarded contract extensions for three of its jackups. The company won a four-year contract extension for the 2015-built Valaris 110 jackup offshore Qatar. The contract extension is expected to begin in October 2025 in direct continuation of the existing contract. The contracted revenue backlog for the four-year extension …
https://splash247.com/valaris-jackup-trio-wins-138m-in-contract-extensions/
https://splash247.com/valaris-jackup-trio-wins-138m-in-contract-extensions/Russian shipping news was a near-constant on Daily Splash – our free newsletter – throughout the week. A new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels created some tanker turmoil with a temporary halt on foreign oil tanker loadings at key Black Sea export hubs reported mid-week. The …
https://splash247.com/splash-wrap-mines-mishaps-and-moscow/
https://splash247.com/splash-wrap-mines-mishaps-and-moscow/The dry bulk S&P market has entered a new phase of momentum, with the kamsarmax segment leading a resurgent wave of transactions. A weeks-long release of pent-up capital, combined with bullish freight markets, has triggered intense competition for modern tonnage and lifted asset prices—bucking the usual summer slowdown. Market sources report that bulkers previously struggling …
https://splash247.com/kamsarmax-bulker-prices-climb/
https://splash247.com/kamsarmax-bulker-prices-climb/Swiss dry bulk operator Nova Marine Carriers has cemented its position as one of the most active players in the resurgent handysize S&P market, acquiring its third handysize bulker since April as part of a strategic fleet expansion centred on Japanese-built tonnage. Its latest acquisition, the 25,000 dwt Lucky Trader (built 2011), was purchased for …
https://splash247.com/nova-marine-carriers-accelerates-handysize-fleet-growth/
https://splash247.com/nova-marine-carriers-accelerates-handysize-fleet-growth/Niche Chinese liner Sea Legend Shipping is set to launch a direct container service between China and northern Europe via the Northern Sea Route (NSR). The new seasonal service, expected to begin in September, will offer an 18-day transit between East Asia and Europe—nearly halving the 30 to 50 days typically required via the Cape …
https://splash247.com/sea-legend-launches-china-europe-arctic-container-service/
https://splash247.com/sea-legend-launches-china-europe-arctic-container-service/Greece has dispatched a salvage vessel to the Red Sea in response to a spike in maritime attacks by Yemen’s Houthi militants, including the recent sinkings of two Greek-operated bulk carriers. The deployment comes as part of emergency measures to protect seafarers and safeguard global trade routes, Greek shipping minister Vassilis Kikilias announced Thursday. The …
https://splash247.com/greece-deploys-salvage-vessel-to-red-sea-amid-renewed-houthi-threats/
https://splash247.com/greece-deploys-salvage-vessel-to-red-sea-amid-renewed-houthi-threats/Willem Vermaat, shipping director at Heidelberg Materials Trading, shares his perspective on the intricacies of dry bulk shipping. What is the challenge in calculating freight? It’s not rocket science, is it? Or is it perhaps a form of art? Fundamentally, freight is a simple equation; total expenses divided by cargo intake gives freight per metric …
https://splash247.com/freight-as-a-combination-of-science-and-art/
https://splash247.com/freight-as-a-combination-of-science-and-art/Sri Lanka’s Supreme Court has ordered the owners and operators of the X-Press Pearl container vessel to pay $1bn in compensation for the devastating environmental and economic damage caused when the ship caught fire and sank off Colombo in 2021. Described by the court as “the most severe marine environmental catastrophe in the country’s history”, …
https://splash247.com/sri-lankas-top-court-orders-1bn-payout-over-x-press-pearl-disaster/
https://splash247.com/sri-lankas-top-court-orders-1bn-payout-over-x-press-pearl-disaster/