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The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments. The main index, which monitors rates for capesize, panamax, and supramax shipping vessels, rose by 53 points to mark its highest level since April 7, at 1,353 points. The capesize ...
https://www.hellenicshippingnews.com/baltic-index-rises-to-over-two-week-high-as-all-vessels-post-gains/Shanghai Port Group Energy has booked an LNG bunker vessel newbuilding at Jiangnan Shipyard. The business unit of Shanghai International Port Group (SIPG) has signed up for a 20,000 cu m unit, scheduled for delivery in the first half of 2027. The vessel, contracted for an undisclosed sum, will feature three twin-ear C-type tanks, equipped …
https://splash247.com/sipg-arm-books-lng-bunker-newbuild-at-jiangnan/
https://splash247.com/sipg-arm-books-lng-bunker-newbuild-at-jiangnan/Israeli carrier ZIM has been ordered to pay about $3.7m to Samsung Electronics America (SEA) for violating the US Shipping Act. The American affiliate of the Korean manufacturing giant filed a complaint with the Federal Maritime Commission (FMC) in October 2022, claiming Zim engaged in “unreasonable practices, retaliation, refusal to deal, and improper invoices for …
https://splash247.com/zim-ordered-to-pay-samsung-3-7m-for-us-demurrage-violations/
https://splash247.com/zim-ordered-to-pay-samsung-3-7m-for-us-demurrage-violations/Risk Intelligence has signed an agreement with Hamburg-based ship owner the Risk Intelligence System.The unnamed shipowner owns more than 40 bulk carriers, container ships, product tankers and car carriers operating globally, which is why near…
https://www.marinelink.com/news/risk-intelligence-signs-german-shipowner-524984
https://www.marinelink.com/news/risk-intelligence-signs-german-shipowner-524984Marinetrans, a Norway-based logistics specialist for the maritime and offshore industries, has secured the project logistics contract from Black & Veatch for two floating liquefied natural gas (FLNG) vessel construction projects.Under the contracts…
https://www.marinelink.com/news/black-veatch-hires-norwegian-logistics-524986
https://www.marinelink.com/news/black-veatch-hires-norwegian-logistics-524986Japan is world’s third largest shipping nation as owners control 12% of the fleet“Combined, Japanese shipowners currently own 12% of the global fleet’s deadweight tonnes capacity (DWT). This makes Japan the third largest shipowning country in…
https://www.marinelink.com/news/numbers-inside-japans-maritime-fleet-524987
https://www.marinelink.com/news/numbers-inside-japans-maritime-fleet-524987The keel laying of the new research vessel, Thuwal II, for the King Abdullah University of Science and Technology (KAUST) at the Freire Shipyard marks the beginning of a new chapter in marine research in Saudi Arabia, driving innovation in this crucial field for the country.
https://www.marinelink.com/news/kaust-research-vessel-keel-laid-freire-524990
https://www.marinelink.com/news/kaust-research-vessel-keel-laid-freire-524990If the dynamic positioning (DP) system went down on an offshore supply vessel, it could result in a collision. On a dive support vessel, it could result in injury or death for a diver. On a drilling rig, it could result in a blowout with loss of life…
https://www.marinelink.com/news/maritime-propulsion-onesizefitsall-dps-524998
https://www.marinelink.com/news/maritime-propulsion-onesizefitsall-dps-524998China imported 27.4 million mt of metallurgical coal in the first quarter of 2025, a 2% increase year over year from 26.9 million mt in Q1 2024, according to the latest data from the China General Administration of Customs. The modest rise in total imports was supported by strong growth from Canada and the US, ...
https://www.hellenicshippingnews.com/chinas-q1-2025-met-coal-imports-up-2-yoy-canadian-coal-surges-62/Dutch subsea services specialist N-Sea Group has been awarded a contract to repair one of the four cables that connect the Gwynt y Môr offshore wind farm in the Irish Sea to the National Grid. The offshore wind farm has a capacity of 576MW and is located off the coast of Wales. The wind farm …
https://splash247.com/n-sea-hired-for-irish-sea-offshore-wind-farm-cable-repair/
https://splash247.com/n-sea-hired-for-irish-sea-offshore-wind-farm-cable-repair/