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The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, fell for a fourth straight session on Thursday, dragged by losses in the capesize and supramax segments. The main index, which tracks rates for capesize, panamax and supramax vessels, lost 58 points to 1,718. The index had gained around ...
https://www.hellenicshippingnews.com/baltic-index-extends-loss-on-capesize-supramax-declines/
https://www.hellenicshippingnews.com/baltic-index-extends-loss-on-capesize-supramax-declines/Norwegian energy major Equinor has awarded framework agreements to seven supplier companies with a total value of nearly $10bn (NOK 100bn). Equinor awarded twelve new framework agreements for maintenance and modifications on the company’s offshore installations and onshore plants. The agreements commence in the first half of 2026, have a duration of five years, and …
https://splash247.com/equinor-awards-10bn-in-contracts-for-facility-maintenance/
https://splash247.com/equinor-awards-10bn-in-contracts-for-facility-maintenance/Solstad Offshore has agreed revised terms with Petrobras for the anchor handling tug supply vessel Normand Turquesa, extending the ship’s current work and pushing back the start of a previously announced long-term charter. The Norwegian offshore owner said the existing contract for the 2007-built AHTS has been extended by one year. At the same time, …
https://splash247.com/solstad-adds-15m-as-petrobras-extends-ahts-contract/
https://splash247.com/solstad-adds-15m-as-petrobras-extends-ahts-contract/Michael Parker, Citi’s chairman of global shipping and logistics, has stepped down as chair of the Poseidon Principles, ending a six-year tenure that dates back to the initiative’s launch in 2019. Parker stood down from the role on December 31, 2025, but will remain involved as Citi’s representative on the association’s steering committee. His departure …
https://splash247.com/michael-parker-steps-down-as-poseidon-principles-chair/
https://splash247.com/michael-parker-steps-down-as-poseidon-principles-chair/PaxOcean Group and ABB have announced that Singapore’s first fully electric tug completed commissioning, marking a major milestone in the city-state’s harbor craft electrification program.The 50-tonne bollard pull tug, PXO-ACE-1, is expected…
https://www.marinelink.com/news/singapores-first-fully-electric-tug-534158
https://www.marinelink.com/news/singapores-first-fully-electric-tug-534158Sallaum Lines accepted its latest Pure Car and Truck Carrier (PCTC) vessel, MV Ocean Explorer as part of its Ocean Class fleet. The newbuilding’s arrival represents a major milestone in the company’s ongoing fleet expansion strategy and its…
https://www.marinelink.com/news/pctc-vessel-mv-ocean-explorer-delivered-534161
https://www.marinelink.com/news/pctc-vessel-mv-ocean-explorer-delivered-534161“100 days ago, on 29 September, the Minervagracht was to become the last ship to be attacked by the Houthis, at least for now. Forty-three days later, the Houthis declared an end to their attacks on ships. Despite this, traffic through the Suez…
https://www.marinelink.com/news/suez-canal-rebound-muted-despite-houthi-534162
https://www.marinelink.com/news/suez-canal-rebound-muted-despite-houthi-534162The face of U.S. shipbuilding continues to evolve at speed, as Magnet Defense LLC has completed its acquisition of Metal Shark, bringing together autonomous systems, artificial intelligence and established U.S. shipbuilding capacity to accelerate…
https://www.marinelink.com/news/magnet-defense-acquires-metal-shark-534164
https://www.marinelink.com/news/magnet-defense-acquires-metal-shark-534164Underwater welding is one of the most demanding and hazardous tasks in the maritime and offshore world, relying heavily on a small, highly specialized pool of industrial divers. As port infrastructure ages and offshore structures expand, demand…
https://www.marinelink.com/news/ai-goes-subsea-autonomous-welding-robot-534165
https://www.marinelink.com/news/ai-goes-subsea-autonomous-welding-robot-534165Union Maritime has taken delivery of what it said is the world’s first long-range 2 (LR2) tanker powered by liquefied natural gas (LNG) and wind-assisted propulsion.The vessel, MT SPA, was delivered on January 6 in Jingjiang, China, and was built by Yangzijiang Shipbuilding.
https://www.marinelink.com/news/union-maritime-takes-delivery-lng-534167
https://www.marinelink.com/news/union-maritime-takes-delivery-lng-534167