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The Baltic Exchange’s main sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for the seventh straight session on Thursday, weighed down by lower demand for capesize vessels. The main index dropped to its lowest point since June 3, shedding 9 points, or 0.6%, to 1,434 points. The capesize index slipped ...
https://www.hellenicshippingnews.com/baltic-index-slips-for-seventh-straight-day-on-weaker-capesize-rates/Seaborne trade flows are expected to be reshaped, due to China’s and India’s shift towards higher-grade coal imports. In its latest weekly report, shipbroker Xclusiv said that “China’s domestic steel demand continues to experience a marked downturn, deepening concerns over the near-term outlook for the world’s largest steel market. Data from May 2025 indicate a ...
https://www.hellenicshippingnews.com/dry-bulk-market-coal-flows-to-be-reshaped/
https://www.hellenicshippingnews.com/dry-bulk-market-coal-flows-to-be-reshaped/Malaysian offshore marine support services firm Perdana Petroleum has won a new contract for the charter of an anchor handling tug and supply (AHTS) vessel. The contract was awarded to its wholly owned subsidiary, Perdana Nautika, and will last for 120 days. The identity of the client was left undisclosed due to confidentiality clauses. The …
https://splash247.com/perdana-petroleum-wins-anchor-handler-work/
https://splash247.com/perdana-petroleum-wins-anchor-handler-work/Shipping nuclear propulsion start-up CORE POWER, ABS, and Athlos Energy have formed a consortium to evaluate the potential of floating nuclear power plants (FNPPs) to meet the energy demands of islands, ports, and coastal communities in the Mediterranean Sea. The group will research how FNPPs can potentially unlock a range of applications, including the establishment …
https://splash247.com/new-consortium-to-explore-floating-nuclear-power-in-the-mediterranean/
https://splash247.com/new-consortium-to-explore-floating-nuclear-power-in-the-mediterranean/Four people died, 30 were missing and 31 survived after a ferry carrying 65 people sank near the Indonesian island of Bali, the country's Search and Rescue agency said on Thursday, as rescuers raced to find victims in the rough sea.The KMP Tunu Pratama Jaya sank almost half an hour after leaving Eas
https://www.marinelink.com/news/ferry-sinks-off-bali-killing-four-go-527604
https://www.marinelink.com/news/ferry-sinks-off-bali-killing-four-go-527604Fincantieri Marine Group (FMG), the U.S. subsidiary of Fincantieri, has appointed George A. Moutafis as Chief Executive Officer (CEO).The leadership transition of the U.S. company of the group led by CEO and General Manager Pierroberto Folgiero comes at a pivotal moment for the U.S.
https://www.marinelink.com/news/fincantieris-us-subsidiary-names-new-ceo-527605
https://www.marinelink.com/news/fincantieris-us-subsidiary-names-new-ceo-527605Some emergencies are so rare that they’re easy to overlook during regular training cycles, until they happen. Engine room fires. Rudder failure during storm conditions. Total power loss at sea. These low-frequency, high-impact scenarios are not just the stuff of tabletop exercises…
https://www.marinelink.com/news/training-tips-ships-cold-starts-rare-527607
https://www.marinelink.com/news/training-tips-ships-cold-starts-rare-527607For nearly 200 years, metal casting foundries have served as the backbone of American manufacturing. Though only 1,750 foundries remain today, compared to more than 6,000 in 1955, they are responsible for more than $110 billion in economic output and support nearly half a million jobs.
https://www.marinelink.com/news/workforce-development-rise-bluecollar-527609
https://www.marinelink.com/news/workforce-development-rise-bluecollar-527609For the U.S. Navy, boats perform missions from mundane maintenance chores such as hull scraping and cleaning overboard discharges to clandestine special forces insertion and extraction. Some boats are about as basic as you can imagine, and some…
https://www.marinelink.com/news/us-navy-big-small-boats-indispensable-usn-527610
https://www.marinelink.com/news/us-navy-big-small-boats-indispensable-usn-527610NAVTOR, an e-Navigation and performance technology provider to the maritime industry, has opened a new office in Dubai, United Arab Emirates, in a strategic move aimed at supporting regional growth.NAVTOR has launched NAVTOR Middle East, the…
https://www.marinelink.com/news/navtor-sets-shop-united-arab-emirates-527612
https://www.marinelink.com/news/navtor-sets-shop-united-arab-emirates-527612