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Today, Monday, October 20 2025, the Baltic Dry Index showed no change, remaining at 2069 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-remains-at-2069-no-change/
https://www.hellenicshippingnews.com/baltic-dry-index-remains-at-2069-no-change/Spanish electric utility company Iberdrola is searching for a partner to sell a 49% stake in the East Anglia Two offshore wind farm in the UK. The utility has hired Bank of America and BBVA as its financial advisors for the proposed sale. The industry values the North Sea wind farm at around €5bn ($5.83bn). …
https://splash247.com/iberdrola-seeks-partner-for-49-stake-in-5-8bn-uk-offhsore-wind-farm/
https://splash247.com/iberdrola-seeks-partner-for-49-stake-in-5-8bn-uk-offhsore-wind-farm/Offshore drilling contractor Vantage Drilling has been informed that a contract for the 2010-built drillship Platinum Explorer was terminated. The termination is due to changes in economic sanctions applicable to the campaign, rendering the contract execution unlawful and therefore subject to termination. The company was initially given a conditional letter of award on April 23. …
https://splash247.com/sanctions-force-termination-of-vantage-drillings-drillship-deal/
https://splash247.com/sanctions-force-termination-of-vantage-drillings-drillship-deal/Japan’s Doun Kisen has made a return to the containership newbuilding market, placing an order for two 8,800 teu units at South Korea’s DH Shipbuilding. The deal, valued at around $233m in total and linked by multiple broking outfits to the Imabari-based diversified shipowner, marks one of the few mid-size boxship orders to be placed …
https://splash247.com/doun-kisen-returns-to-boxship-newbuilds-with-order-in-south-korea/
https://splash247.com/doun-kisen-returns-to-boxship-newbuilds-with-order-in-south-korea/Greek owner Primebulk Shipmanagement is closing in on a tidy profit, clearing out an elderly capesize vessel in a firming market. Brokers note that the Paul Coronis-led company is selling the 178,100 dwt Cape Aqua (built 2009), a ship it acquired for $18.9m in 2017. The scrubber-fitted vessel, built at Shanghai Waigaoqiao Shipbuilding, was noted …
https://splash247.com/primebulk-trims-fleet/
https://splash247.com/primebulk-trims-fleet/Harry Vafias’ private bulker arm, Brave Maritime, has snapped up three Japanese-built handysize bulkers from Dubai-based MUR Shipping, broking sources report. The Namura-built 34,000 dwt trio, named African Heron, African Goshawk, and African Merli, were sold en bloc for just under $53m, according to multiple brokers. The deal lifts the Athens-based owner’s handysize fleet to …
https://splash247.com/brave-maritime-adds-trio-of-japanese-handies/
https://splash247.com/brave-maritime-adds-trio-of-japanese-handies/A Cameroon-flagged LPG carrier caught fire in the Gulf of Aden on Saturday following an onboard explosion, leaving two Indian seafarers missing and prompting an international rescue effort. The 1994-built 35,100 cu m Falcon, operated by India’s Tanker Expert Ship Management, was sailing west about 60 nautical miles south of Ahwar, Yemen, when it reported …
https://splash247.com/explosion-sets-lpg-carrier-on-fire-off-yemen/
https://splash247.com/explosion-sets-lpg-carrier-on-fire-off-yemen/The European Union is preparing its most aggressive move yet against Russia’s shadow tanker fleet, with plans to give member states the power to board and inspect vessels suspected of breaching sanctions or threatening maritime safety. A draft declaration from the European External Action Service (EEAS), seen by Politico and Reuters, proposes “pre-authorised boardings” in …
https://splash247.com/europe-prepares-to-board-russias-shadow-fleet/
https://splash247.com/europe-prepares-to-board-russias-shadow-fleet/The disruption brought about by last Tuesday’s start of tit-for-tat extra port fees levied by the US and China has propelled shipping earnings to very high levels. The cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership, and gas carrier earnings managed by Clarksons Research, rose above $30,000 a day on Friday for …
https://splash247.com/clarksea-index-surges-past-30000-as-port-fees-ripple-through-markets/
https://splash247.com/clarksea-index-surges-past-30000-as-port-fees-ripple-through-markets/Shipping historians covering the International Maritime Organisation (IMO) would need to go back more than 40 years to a comparable setback to what played out on Friday and the downing of the Net-Zero Framework (NZF). Friday saw member states vote for a one-year delay in the NZF, throwing shipping’s path towards decarbonisation into considerable doubt. …
https://splash247.com/imo-fracture-deepens-global-climate-fault-lines-in-shipping/
https://splash247.com/imo-fracture-deepens-global-climate-fault-lines-in-shipping/