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The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-day winning streak on Monday, pressured by declining capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 20 points, or 1%, to 2,084 points. The capesize index ...
https://www.hellenicshippingnews.com/baltic-index-slips-as-capesize-rates-decline/
https://www.hellenicshippingnews.com/baltic-index-slips-as-capesize-rates-decline/Norway’s DOF Group has secured a long-term subsea services contract from BP covering work in the Atlantic region. The three-year firm deal, with two one-year extension options, will see DOF deploy one of its subsea vessels to support bp’s construction, installation, repair and maintenance (IRM) operations. Offshore work under the contract is scheduled to start …
https://splash247.com/dof-scores-bp-subsea-work-under-multi-year-contract/
https://splash247.com/dof-scores-bp-subsea-work-under-multi-year-contract/US-listed bulker owner Pangaea Logistics Solutions has sold its oldest vessel, the Bulk Freedom, as part of its ongoing fleet renewal programme. The Rhode Island-based company confirmed the deal, first reported by brokers in October, to sell the 2005-built supramax for $9.6m. The 52,500 dwt ship was built at Tadotsu Tsuneishi in Japan and acquired …
https://splash247.com/pangaea-offloads-its-oldest-bulker/
https://splash247.com/pangaea-offloads-its-oldest-bulker/Climate-tech start-up Calcarea and Dutch naval architect Aurelia Design have joined forces to develop a commercial ship design integrating ocean-based carbon capture technology. The partnership will combine Calcarea’s limestone weathering system — a process that removes CO₂ by accelerating its natural reaction with seawater and limestone — with Aurelia’s expertise in vessel design and systems …
https://splash247.com/newbuild-bulker-design-to-lock-away-carbon-at-sea/
https://splash247.com/newbuild-bulker-design-to-lock-away-carbon-at-sea/Greek bulker owner Diana Shipping has locked in a fresh charter for its 2015-built capesize Santa Barbara at a higher rate with Danish shipowner and operator Norden. The 179,426 dwt vessel will earn $25,500 per day, minus 5% commission, for a period running from a minimum of March 1, 2027, to a maximum of April …
https://splash247.com/diana-shipping-clinches-capesize-charter-upgrade-with-norden/
https://splash247.com/diana-shipping-clinches-capesize-charter-upgrade-with-norden/AI is here to stay. Those who don’t explore its use and capabilities may soon find themselves left at the dock.At our company, we treat AI like any other engineering tool — no different than finite element analysis or computerized performance prediction. When used well, it’s extremely useful.
https://www.marinelink.com/news/ai-useful-not-brilliant-532204
https://www.marinelink.com/news/ai-useful-not-brilliant-532204A new series of six General Cargo vessels being built by Ferus Smit in the Netherlands for Irish ship operator Arklow Shipping will sport EST-Floattech's Octopus Lite battery system. EST-Floattech designed the system to fit the sailing profile of the vessels…
https://www.marinelink.com/news/six-new-arklow-shipping-vessels-octopus-532205
https://www.marinelink.com/news/six-new-arklow-shipping-vessels-octopus-532205CALCAREA Inc. and AURELIA Design B.V. entered into a collaboration to bring ocean-based carbon capture technology to the maritime sector. The partnership combines CALCAREA’s unique carbon removal process with AURELIA’s experience in green ship…
https://www.marinelink.com/news/oceanbased-carbon-capture-commercial-532207
https://www.marinelink.com/news/oceanbased-carbon-capture-commercial-532207Norwegian offshore supply vessel owner DOF Group has secured a contract with BP for the provision of subsea services in the Atlantic region.The three-year firm and two-year options contract will see DOF deploy a high-capability subsea vessel asset to support BP with subsea construction…
https://www.marinelink.com/news/dof-nets-bps-subsea-services-job-atlantic-532211
https://www.marinelink.com/news/dof-nets-bps-subsea-services-job-atlantic-532211The Saudi Red Sea Authority (SRSA) and Jeddah Municipality have signed an Integrated Coastal Collaboration Framework to strengthen regulatory integration, enhance marine oversight, and enable sustainable tourism activities along Jeddah’s coastline.
https://www.marinelink.com/news/srsa-jeddah-municipality-signs-coastal-532216
https://www.marinelink.com/news/srsa-jeddah-municipality-signs-coastal-532216