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South Korea’s Korea Line has secured a new long-term bulker charter with China’s Zhejiang Shipping worth an estimated KRW42.08bn ($31.38m). The SM Group-controlled owner will provide one bulk carrier under a contract running nominally from October 25, 2026 to October 25, 2029, according to a regulatory filing in Seoul. The actual charter period can range …
https://splash247.com/korea-line-locks-in-31m-zhejiang-bulker-charter/
https://splash247.com/korea-line-locks-in-31m-zhejiang-bulker-charter/The Baltic Exchange’s dry bulk freight index dropped on Friday, reaching its lowest point since September 3 as weaker rates for capesize and panamax vessels pulled down the benchmark. The main Baltic index, which measures rates for capesize, panamax and supramax vessels, declined 14 points, or 0.4%, to 3,507. The index lost 3.3% for the ...
https://www.hellenicshippingnews.com/baltic-dry-bulk-freight-index-falls-to-lowest-in-over-a-week/
https://www.hellenicshippingnews.com/baltic-dry-bulk-freight-index-falls-to-lowest-in-over-a-week/Capesize The market experienced a mixed week, with the Pacific providing the main source of volatility while the Atlantic remained comparatively steady, albeit lacking consistent momentum. The Pacific initially came under pressure before recovering through midweek, supported by regular miner participation on C5, with fixtures progressing from the low $18s to around $18.50. However, this ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-steadying-after-recent-gains/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-steadying-after-recent-gains/Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher.The world’s largest crude oil exporter said it temporarily…
https://www.marinelink.com/news/saudi-oil-lifeline-shut-attack-red-sea-542900
https://www.marinelink.com/news/saudi-oil-lifeline-shut-attack-red-sea-542900Trelleborg Marine and Infrastructure and Simwave are launching the first modules of Trelleborg's specialized transfer equipment-focused training program at Gastech 2026 in Bangkok, marking a milestone in the companies' ongoing strategic partnership.
https://www.marinelink.com/news/trelleborg-simwave-launch-transfer-542896
https://www.marinelink.com/news/trelleborg-simwave-launch-transfer-542896Middle Eastern shipping patterns face another violent reshuffle after fresh vessel attacks around Hormuz, the shutdown of Saudi Arabia’s critical East-West oil pipeline and the Houthis’ advance into the heart of the Bab el-Mandeb Strait. Two more commercial vessels were attacked on Sunday. The Panama-flagged 47,999 dwt product tanker El Gaia was struck off Oman, …
https://splash247.com/middle-east-shipping-squeezed-as-hormuz-and-bab-el-mandeb-risks-converge/
https://splash247.com/middle-east-shipping-squeezed-as-hormuz-and-bab-el-mandeb-risks-converge/Russia is stacking shipping containers around oil refineries in the latest improvised attempt to protect an energy system that has been battered by increasingly effective Ukrainian drone attacks. Images carried by Dnipro Osint from the Novoshakhtinsk refinery show containers piled several levels high around tanks and processing equipment, creating walls intended to provide some protection …
Japanese liner Ocean Network Express (ONE) is looking 24 years into the future to help decide where to put its money today, adopting a planning technique that is spreading through shipping as well as governments and some of the world’s largest international organisations. Rather than forecasting forwards from present-day trends, so-called backcasting starts with a …
https://splash247.com/backcasting-enters-the-shipping-mainstream/
https://splash247.com/backcasting-enters-the-shipping-mainstream/Shipping may never become predictable. The smarter objective is to make commercial decisions that remain strong even when the assumptions behind them move. Natalia Liashenko, founder and CEO of Marine Solver, explains. Shipping has never operated in a stable environment. Freight markets turn, bunker prices move, congestion builds, weather disrupts schedules and geopolitical events can …
https://splash247.com/the-case-for-decisions-that-survive-the-forecast/
https://splash247.com/the-case-for-decisions-that-survive-the-forecast/George Procopiou’s Dynacom has returned to Hengli Heavy Industries with another eight newbuildings in a package worth close to $1bn, further expanding one of the largest owner-yard programmes in shipping. Hengli has confirmed contracts covering eight vessels spanning VLCCs and 93,000 cu m very large ammonia carriers. The yard has not publicly broken down the …
https://splash247.com/procopiou-lines-up-near-1bn-hengli-eight-ship-package/
https://splash247.com/procopiou-lines-up-near-1bn-hengli-eight-ship-package/