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Today, Tuesday, October 27 2026, the Baltic Dry Index decreased by 25 points, reaching 2603 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2603-down-25-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2603-down-25-points/Norwegian offshore drilling contractor Dolphin Drilling has agreed to sell its Blackford Dolphin semisubmersible rig to Dubai-based SPM Energy Shipping for up to $25m, while establishing a potential partnership to manage drilling rigs in India and other markets. Under the agreement, Dolphin will receive $10m upon delivery, with the remaining $15m payable once SPM receives …
https://splash247.com/dolphin-drilling-sells-ageing-semisub-and-eyes-rig-management-tie-up/
https://splash247.com/dolphin-drilling-sells-ageing-semisub-and-eyes-rig-management-tie-up/Offshore drilling giant Noble Corporation has announced a batch of new rig deals, totalling around $560m. Noble’s two 2014-built 7th-generation drillships, the Noble BlackRhino and Noble BlackHawk, both bagged new work. Noble BlackRhino was awarded a four-well contract with TotalEnergies in Nigeria, expected to commence in the fourth quarter of 2026, with an estimated duration …
https://splash247.com/fresh-contract-haul-strengthens-nobles-2027-rig-coverage/
https://splash247.com/fresh-contract-haul-strengthens-nobles-2027-rig-coverage/Seven Japanese companies have joined forces to build four ammonia-fuelled car carriers and establish an integrated bunkering network, in one of the most ambitious commercial shipping projects yet involving the alternative fuel. Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) will each operate two vessels, scheduled for delivery in 2030, with Japanese shipbuilders …
https://splash247.com/japanese-shipping-giants-join-forces-for-ammonia-fuelled-car-carrier-quartet/
https://splash247.com/japanese-shipping-giants-join-forces-for-ammonia-fuelled-car-carrier-quartet/The commercial case for nuclear-powered shipping remains highly uncertain, with new research suggesting the technology could become competitive by 2040, but only with dramatic reductions in reactor costs and effective global carbon regulation. A study published today by University College London’s Energy Institute examines the total cost of ownership of nuclear-powered containerships, comparing them with …
https://splash247.com/new-study-pours-cold-water-on-nuclear-shipping-economics/
https://splash247.com/new-study-pours-cold-water-on-nuclear-shipping-economics/South Korean liner operator Korea Marine Transport Co (KMTC) has entered China’s shipbuilding market for the first time, ordering six 3,100 teu containerships at CSSC Huangpu Wenchong. The Seoul-based carrier signed the contracts in Guangzhou, with China Shipbuilding Trading also involved in the agreement. The six vessels will provide a combined 18,600 teu of capacity …
https://splash247.com/kmtc-makes-chinese-shipyard-debut-with-six-boxships/
https://splash247.com/kmtc-makes-chinese-shipyard-debut-with-six-boxships/The United States is looking to extend its suspension of additional port fees targeting China-linked shipping for another two months, keeping the measures on hold until January 9, 2027, while trade negotiations with Beijing continue. The Office of the United States Trade Representative (USTR) has opened a public consultation on a proposal to prolong the …
https://splash247.com/us-moves-to-extend-china-ship-fee-truce-into-2027/
https://splash247.com/us-moves-to-extend-china-ship-fee-truce-into-2027/A new Singapore-based container shipping company headed by former SeaLead executives has entered the liner trades with a service connecting India, Pakistan and Egypt’s Red Sea coast. Jade Pacific Line (JPL), established in April this year, has deployed the 1,100 teu Medkon Sia on a rotation linking Mundra, Nhava Sheva, Karachi and Sokhna before returning …
https://splash247.com/jade-pacific-makes-liner-debut-with-red-sea-service/
https://splash247.com/jade-pacific-makes-liner-debut-with-red-sea-service/Wall Street’s increasingly divided outlook for the tanker supercycle has taken another twist, with investment bank Evercore ISI dramatically raising its freight forecasts and share price targets while warning that the industry’s extraordinary earnings could be approaching their peak. In research published yesterday, Jonathan Chappell of Evercore doubled his 2027 VLCC earnings forecast from $57,500 …
https://splash247.com/wall-street-splits-over-tanker-boom/
https://splash247.com/wall-street-splits-over-tanker-boom/India’s Great Eastern Shipping has struck another secondhand vessel deal, agreeing to acquire a 2015-built very large gas carrier as it continues expanding its diversified fleet. The Mumbai-based listed owner said that it has contracted to buy the approximately 82,000 cu m vessel, which is expected to join its fleet during the December quarter. The …
https://splash247.com/great-eastern-continues-secondhand-spending-with-lpg-carrier-deal/
https://splash247.com/great-eastern-continues-secondhand-spending-with-lpg-carrier-deal/