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The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels under 15 years of age projected to fall by 22% by 2028, according to new analysis shared by Oliver Kirkham, Senior Valuation Analyst at Veson Nautical, a global leader in maritime freight and fleet management ...
https://www.hellenicshippingnews.com/global-dry-bulk-fleet-set-to-drop-22-in-young-tonnage-by-2028/
https://www.hellenicshippingnews.com/global-dry-bulk-fleet-set-to-drop-22-in-young-tonnage-by-2028/The dry bulk market is expected to be less affected by the ongoing situation between Iran and Israel; however, examining the current situation can help determine the best way to position oneself in the market. Given that the region bordering the strait is a net importer of dry bulk, particularly of raw materials needed for ...
https://www.hellenicshippingnews.com/geopolitical-spillover-assessing-the-impact-of-iran-israel-tensions-on-the-dry-bulk-shipping-industry/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, fell to a one-week low on Wednesday due to weaker rates for capesize and panamax vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 78 points, or 4%, at 1,874, lowest ...
https://www.hellenicshippingnews.com/baltic-index-falls-to-one-week-low-on-weaker-capesize-panamax-rates/With indications coming from Washington that Donald Trump is willing to join Israel in its attack on Iran, the situation in Middle Eastern waters remains highly tense. Israel’s conflict with Iran is into its sixth day, with the New York Times reporting Iranian officials will consider laying mines along the Strait of Hormuz if the …
https://splash247.com/shipping-braces-as-us-weighs-entering-the-israel-iran-conflict/
https://splash247.com/shipping-braces-as-us-weighs-entering-the-israel-iran-conflict/Norwegian maritime group Hagland has acquired compatriot chartering platform Vanora in a strategic move to bolster its digital service offerings. The financial terms of the deal were not disclosed. The deal will see the Aanensen family run vehicle integrate Vanora’s flagship solution, VesselAdmin, a digital chartering and payment platform designed for the maritime sector. Since …
https://splash247.com/hagland-buys-chartering-platform-vanora/
https://splash247.com/hagland-buys-chartering-platform-vanora/A new hydrogen fuel cell system tailored for maritime applications has been unveiled by Singapore-based Proteus Energy in partnership with French hydrogen fuel cell specialist Symbio. The modular system, known as the Proteus Maritime Fuel Cell Solution, is intended for deployment on vessels such as harbor craft, coastal ships, offshore support vessels, and inland waterway …
Italian classification society RINA has acquired Finnish naval architecture and marine engineering consultancy Foreship. The transaction, with an undisclosed price tag, includes the entire share capital of Foreship, previously held by private equity firm Vaaka Partners and the company’s management. Helsinki-based Foreship, which employs more than 90 experts across eight international offices, will operate as …
https://splash247.com/rina-acquires-naval-architects-foreship/
https://splash247.com/rina-acquires-naval-architects-foreship/Wilson Sons, the largest integrated port and maritime logistics operator in Brazil, has signed a new agreement with TotalEnergies to provide logistics support to oil production activities in the Lapa field off Brazil. The field is located in the pre-salt layer of the Santos Basin, and Wilsons Sons will run support for operations through the …
https://splash247.com/wilson-sons-to-support-totalenergies-offshore-oil-production-in-brazil/
https://splash247.com/wilson-sons-to-support-totalenergies-offshore-oil-production-in-brazil/One of the most famous names in French shipping has passed away. French shipowners’ association Armateurs de France has revealed that Philippe Louis-Dreyfus, a leading figure in international shipping and former president of the organisation, has died at the age of 80. He left a lasting mark on the shipping sector at the helm of …
https://splash247.com/philippe-louis-dreyfus-passes-away/
https://splash247.com/philippe-louis-dreyfus-passes-away/While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.Geopolitical risk has spiked following Israel's surprise bombardment…
https://www.marinelink.com/news/tanker-vessel-market-flashes-yellow-527013
https://www.marinelink.com/news/tanker-vessel-market-flashes-yellow-527013