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The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a six-day losing streak on Monday, buoyed by stronger capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 31 points to 1,932 points. The capesize index rose 104 ...
https://www.hellenicshippingnews.com/baltic-index-snaps-six-day-losing-streak-on-stronger-capesize-rates/Manila-headquartered International Container Terminal Services Inc (ICTSI) has secured a 25-year extension for its concession agreements to operate Subic Bay’s two container terminals, NCT-1 and NCT-2. The deal, signed with the Subic Bay Metropolitan Authority (SBMA), allows ICTSI’s subsidiaries, Subic Bay International Terminals Corp (SBICT) and ICTSI Subic Inc (ISI), to continue running the facilities …
https://splash247.com/ictsi-locks-in-subic-bay-terminals-extension-with-130m-upgrade-plan/
https://splash247.com/ictsi-locks-in-subic-bay-terminals-extension-with-130m-upgrade-plan/Greek OSV owner Capital Offshore has acquired 50% of shares in German OSV management specialist United Offshore Support (UOS) from Hayfin Capital Management. Completion of the transaction is subject to regulatory approvals. Upon closing, the company will operate under the new name UOS Capital. The vessels owned by the Evangelos Marinakis-backed outfit will be under UOS …
https://splash247.com/capital-offshore-and-united-offshore-support-combine-osv-fleets-under-new-jv/
https://splash247.com/capital-offshore-and-united-offshore-support-combine-osv-fleets-under-new-jv/Maritime system supplier Brunvoll has signed a contract with Vard to deliver complete propulsion and maneuvering systems for two Commissioning Service Operation Vessels (CSOVs).The vessels, being built for international owner, will be equipped…
https://www.marinelink.com/news/vards-csov-newbuild-pair-feature-brunvoll-530765
https://www.marinelink.com/news/vards-csov-newbuild-pair-feature-brunvoll-530765From inland towboats and tank barges, to oceangoing tankers and government fleets, Bergan Marine is literally everywhere you look on the waterfront. Kyle Durden, President & CEO, Bergan Marine Systems, discusses the rich history of this company…
https://www.marinelink.com/news/better-data-modular-solutions-drive-530777
https://www.marinelink.com/news/better-data-modular-solutions-drive-530777Today, Monday, October 06 2025, the Baltic Dry Index climbed by 31 points, reaching 1932 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-climbs-to-1932-up-31-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1932-up-31-points/Offshore drilling giant Noble Corporation has won contract extensions for two drillships with supermajor BP. The UK-based company extended the deals for the Noble BlackLion and Noble BlackHornet by an additional two years in the US Gulf of Mexico. The total firm contract value over the combined four years is approximately $620m. Based on this …
https://splash247.com/bp-dishes-out-extensions-for-noble-drillship-duo-worth-620m/
https://splash247.com/bp-dishes-out-extensions-for-noble-drillship-duo-worth-620m/A federal judge has overturned an order issued by former US president Joe Biden to permanently ban offshore oil and gas drilling across several US coastal regions, ruling that the move exceeded presidential authority. Louisiana District Court judge James D. Cain said Biden acted beyond his powers under the Outer Continental Shelf Lands Act when …
https://splash247.com/judge-strikes-down-bidens-offshore-drilling-ban-citing-overreach-of-authority/
https://splash247.com/judge-strikes-down-bidens-offshore-drilling-ban-citing-overreach-of-authority/Simon Hodgkinson, global head of loss prevention at West P&I, writes for Splash today on one of the greatest sources of casualties at sea in recent years. Lithium-ion (Li-ion) batteries are now routine in shipping. They move as containerised cargo, sit inside vehicles on RoRo decks, and are increasingly installed on board to cut emissions. …
https://splash247.com/getting-practical-on-li-ion-fire-safety-at-sea/
https://splash247.com/getting-practical-on-li-ion-fire-safety-at-sea/Chinese owner EGPN Bulk Carrier is bowing out of the cape segment in style, offloading the very ship that marked its entry back in January 2021 — and pocketing millions in the process, cementing its reputation as one of China’s most aggressive asset players. Broker sources tell Splash that the outfit is in the process …
https://splash247.com/chinese-owner-egpn-exits-cape-segment-in-style/
https://splash247.com/chinese-owner-egpn-exits-cape-segment-in-style/