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Today, Friday, September 4 2026, the Baltic Dry Index climbed 140 points, 3628 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 a ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3628-up-140-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3628-up-140-points/Finnish ship designer Deltamarin and Spain’s Offshoretronic have teamed up to take a new generation of offshore wind installation jackups through to shipyard-ready design. The companies signed an exclusive engineering agreement covering the Vitruvian class, which will be developed in monopile installation and wind turbine installation variants aimed at projects using turbines in the 20 …
https://splash247.com/deltamarin-and-offshoretronic-plot-giant-wind-installation-jackup/
https://splash247.com/deltamarin-and-offshoretronic-plot-giant-wind-installation-jackup/South Korea is overhauling the way offshore wind acreage is developed, shifting site selection from individual developers to the government and targeting 25 GW of preliminary development zones by 2031. The country’s first Offshore Wind Power Committee approved the planned-siting regime on September 2. Under the new system, the government will identify suitable areas using …
https://splash247.com/south-korea-takes-offshore-wind-siting-into-state-hands/
https://splash247.com/south-korea-takes-offshore-wind-siting-into-state-hands/Gulf Marine Services has secured another year of employment for one of its small-class liftboats in the Gulf after a national oil company exercised an option on a contract dating back to 2022. The London-listed offshore vessel owner said the unidentified customer has taken up the one-year option for a small-class self-propelled, self-elevating support vessel …
https://splash247.com/gms-gets-another-year-for-gulf-liftboat/
https://splash247.com/gms-gets-another-year-for-gulf-liftboat/Brussels has stopped the clock on its in-depth review of the Saipem-Subsea7 merger, putting fresh pressure on the timetable for creating the offshore engineering giant Saipem7. The European Commission has suspended the phase II investigation while it waits for additional information from the parties, freezing the regulatory clock from August 25. The move does not …
https://splash247.com/eu-hits-pause-on-saipem-subsea7-merger-review/
https://splash247.com/eu-hits-pause-on-saipem-subsea7-merger-review/Minerva Marine has decided it is time to cash in, selling several vintage ice-classed ships, including tonnage from one of its favoured tanker segments. The Greek heavyweight is offloading the 20-year-old aframax Minerva Nounou (114,850 dwt), with Chinese buyers reported to be paying in excess of $40m, according to multiple broking reports. The 2006-built tanker, …
https://splash247.com/minerva-marine-cashes-in-on-vintage-ice-classed-tankers/
https://splash247.com/minerva-marine-cashes-in-on-vintage-ice-classed-tankers/A Chilean shipping company is preparing to launch a direct cargo service between Punta Arenas and the Falkland Islands in November, creating a new South American supply route to the politically sensitive archipelago. The Falkland Islands Development Corporation has reached an agreement with Easter Island Naviera, which currently provides maritime services between mainland Chile and …
https://splash247.com/chile-opens-new-shipping-link-to-falkland-islands/
https://splash247.com/chile-opens-new-shipping-link-to-falkland-islands/Argentina’s Vaca Muerta shale boom is creating more than an energy revolution. Its demand for silica sand may provide the cargo base needed to revive long-delayed infrastructure projects, from railways and ports to Atlantic–Pacific connections. Fernando Torres, the co-founder of Trade Up Global Business Solutions, reports. Vaca Muerta is creating something beyond oil and gas: …
The war around the Strait of Hormuz entered an increasingly dangerous tanker-for-tanker phase this week, with the US striking Iranian state tankers in retaliation for attacks on commercial shipping while a laden VLCC sits abandoned and listing off Oman. SMM, Europe’s largest shipping exhibition, hogged many headlines, running from Tuesday through to today across nine …
https://splash247.com/splash-wrap-hormuz-hamburg-and-the-ghosts-of-the-last-boom/
https://splash247.com/splash-wrap-hormuz-hamburg-and-the-ghosts-of-the-last-boom/Diana Shipping has cut its stake in Genco Shipping & Trading below 10%, continuing a rapid unwind of the position following the collapse of its takeover attempt last month. Fresh SEC filing shows Diana sold another 275,000 Genco shares on September 1 and 2 for about $7.26m. The Athens-based owner offloaded 125,000 shares at an …
https://splash247.com/diana-cuts-genco-stake-below-10/
https://splash247.com/diana-cuts-genco-stake-below-10/