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Super Typhoon Bavi is currently rated Category 5 by ECMWF, and Windy tracking shows it heading toward Taiwan and China. It is expected to reach the coast on Friday, 10th July, with wind gusts of up to 100 knots. However, by Friday 10th July, Bavi could cross one of the busiest shipping lanes in the ...
https://www.hellenicshippingnews.com/super-typhoon-bavi-heading-to-taiwan-china-might-disrupt-commodity-supply-chain-and-pacific-vessel-supply/Today, Friday, July 07 2026, the Baltic Dry Index climbed 78 points, reaching 2875 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 ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2875-up-78-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2875-up-78-points/Offshore contracting giant TechnipFMC has been awarded a contract by Italian major Eni for Baleine Phase 3, a fast-track development to expand production from the largest hydrocarbon discovery offshore the Ivory Coast. TechnipFMC will design and manufacture flexible flowlines and risers to connect wells at a water depth of approximately 1,200m to a new floating …
https://splash247.com/technipfmc-lands-ivory-coast-subsea-contract/
https://splash247.com/technipfmc-lands-ivory-coast-subsea-contract/Marine construction contractor Ocean Installer, a Moreld subsidiary, has exercised an option to keep the 2014-built construction support vessel Normand Vision for another year. The extension will kick off in direct continuation of the current agreement. This extension secures operations for the Solstad Maritime-owned vessel through the end of 2028. Additionally, the agreement has been amended to …
https://splash247.com/ocean-installer-extends-solstad-csv-deal/
https://splash247.com/ocean-installer-extends-solstad-csv-deal/Norwegian energy giant Equinor has awarded contracts worth around NOK 6bn ($612m) for four subsea projects. They are part of the first of several planned subsea development waves, in which contracts are being coordinated to increase pace and reduce costs for subsea developments on the Norwegian continental shelf. “We envisage around 75 subsea developments towards …
https://splash247.com/norwegian-giant-awards-600m-in-subsea-contracts-to-kickstart-development-wave/
https://splash247.com/norwegian-giant-awards-600m-in-subsea-contracts-to-kickstart-development-wave/Norwegian energy major Equinor has reached an agreement with supermajor BP to acquire its interest in the Bay du Nord project offshore Canada, increasing its ownership to 100%. The transaction reflects BP’s ongoing portfolio simplification and provides Equinor with increased flexibility to continue maturing the project towards a final investment decision planned for early 2027. …
https://splash247.com/equinor-buys-bp-out-of-10bn-bay-du-nord-project/
https://splash247.com/equinor-buys-bp-out-of-10bn-bay-du-nord-project/August Braakman, the former secretary-general of the European Maritime Law Organisation, writes for Splash today. Geopolitical, economic and legal considerations force the EU Commission to delay extraterritorial implementation of EU antitrust law in the area of global seaborne trade. This article argues that parties involved in this trade should take legal action in order to …
https://splash247.com/eu-antitrust-law-and-the-china-trade-question/
https://splash247.com/eu-antitrust-law-and-the-china-trade-question/Chinese owner Shanghai Minsheng Shipping has added two more 1,100 teu feeder containerships at New Dayang Shipbuilding. Brokers report the company has declared options for two gearless newbuildings at the Sumec Marine-controlled yard, with deliveries scheduled in 2028 and 2029. The latest deal follows Minsheng’s first pair of 1,100 teu feeders at New Dayang, booked …
https://splash247.com/shanghai-minsheng-adds-feeder-pair-at-new-dayang/
https://splash247.com/shanghai-minsheng-adds-feeder-pair-at-new-dayang/Taiwanese prosecutors have raided the premises of Evergreen Marine as part of an insider trading investigation linked to one of the world’s largest containerlines. The Taipei District Prosecutors Office said investigators searched Evergreen Marine’s offices, the homes of nine suspects and 10 other locations on Monday. Nine people were summoned for questioning, including a person …
https://splash247.com/evergreen-raided-in-insider-trading-probe/
https://splash247.com/evergreen-raided-in-insider-trading-probe/The International Maritime Organization (IMO) has named the full team of regional coordinators who will lead its seven regional presence offices, as the UN agency looks to bring more technical support closer to member states. The coordinators will cover the Caribbean, East Asia, Eastern and Southern Africa, Middle East and North Africa, the Pacific, Anglophone …
https://splash247.com/imo-names-regional-coordinators-to-strengthen-field-support/
https://splash247.com/imo-names-regional-coordinators-to-strengthen-field-support/