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The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, soared about 7.3% to the highest since mid-December at 2,148 points on Friday. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, jumped 12% to 3,507 points; and the panamax index, which usually carries 60,000-70,000 tons ...
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-1-month-high-posts-monthly-gain/
https://www.hellenicshippingnews.com/baltic-dry-index-at-over-1-month-high-posts-monthly-gain/Seaborne coal imports into the EU fell further during 2025. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2025, global seaborne coal loadings declined by -2.8% y-o-y to 1,333.1 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Dec 2025, exports from Indonesia declined by -6.9% y-o-y ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-eu-coal-imports-fell-in-2025/
https://www.hellenicshippingnews.com/dry-bulk-shipping-eu-coal-imports-fell-in-2025/Singapore-listed Rex International is pressing ahead with offshore development drilling in Oman after its unit Masirah Oil secured a jackup rig for work at the Yumna field. Masirah Oil said its parent company, Rex Oman, has signed a contract for the Energy Emerger jackup drilling rig, operated by Northern Offshore. The unit will be used …
https://splash247.com/rex-lines-up-jackup-rig-offshore-oman/
https://splash247.com/rex-lines-up-jackup-rig-offshore-oman/President Donald Trump has named Laura DiBella as the new chairman of the Federal Maritime Commission, filling a leadership gap at the US maritime regulator as it takes on a more assertive role in global shipping oversight. DiBella, a former Florida secretary of commerce, was designated chairman on January 28, the FMC confirmed. She was …
https://splash247.com/trump-taps-laura-dibella-to-lead-us-shipping-watchdog/
https://splash247.com/trump-taps-laura-dibella-to-lead-us-shipping-watchdog/China’s Shandong Marine has moved to expand its LNG carrier fleet, placing an order for four newbuildings at compatriot yard Jiangnan Shipyard, with the vessels set to be chartered to a unit of UK-based energy major Shell upon delivery. The state-run shipping group has signed up for 175,000 cu m units with deliveries scheduled across …
https://splash247.com/shandong-marine-in-for-lng-carrier-quartet-at-jiangnan/
https://splash247.com/shandong-marine-in-for-lng-carrier-quartet-at-jiangnan/Subsea7 has secured a sizeable contract by Shell for the Kaikias Waterflood project, a deepwater development in the Mars-Ursa Basin, off the Louisiana coast in the United States.The scope of work includes the transportation and installation of a subsea umbilical…
https://www.marinelink.com/news/subsea-gets-shells-contract-deepwater-535079
https://www.marinelink.com/news/subsea-gets-shells-contract-deepwater-535079In the 1990’s, my father was asked to attend a side shell damage on a US Navy vessel. The damage was caused by assist tug hard contact. He surveyed the damage and came back to the office to write it up. His partner Harry Ottaway saw my Dad’s commercial damage repair estimate…
https://www.marinelink.com/news/us-navy-contracting-approach-fails-535088
https://www.marinelink.com/news/us-navy-contracting-approach-fails-535088Captain Steve Jones is President of the Passenger Vessel Association for 2025. As his term comes to a close in February at the PVA Annual Convention at MariTrends 2026 in Covington, KY, Captain Jones has achieved several long-sought-after successes…
https://www.marinelink.com/news/insights-captain-steve-jones-gateway-535089
https://www.marinelink.com/news/insights-captain-steve-jones-gateway-535089DHT Holdings, Inc. (NYSE:DHT) entered into an agreement to sell the DHT Bauhinia, built in 2007, for a price of $51.5 million. The vessel is expected to be delivered to the new owner during June/July 2026. The vessel is debt free and the company…
https://www.marinelink.com/news/dht-nets-m-vessel-sale-535090
https://www.marinelink.com/news/dht-nets-m-vessel-sale-535090Ocean Network Express (ONE) reported a net loss of $88 million for the third quarter of FY2025, as persistent fleet growth and slower cargo movement weighed on short-term freight rates, particularly in the Asia–North America tradeThe result…
https://www.marinelink.com/news/one-posts-m-loss-newbuild-deliveries-535092
https://www.marinelink.com/news/one-posts-m-loss-newbuild-deliveries-535092