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The Baltic dry index rose 1.6% to 2,673 on Thursday, recovering from three consecutive sessions of losses. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, advanced 2.5% to 4,167. Also, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, increased 2.3% to 2,040, its highest ...
https://www.hellenicshippingnews.com/baltic-dry-rebounds-on-thursday/
https://www.hellenicshippingnews.com/baltic-dry-rebounds-on-thursday/Jinhui Shipping and Transportation has followed up this week’s first leaseback deal with another financing package, securing up to $34m against two ultramax newbuildings at Jiangsu Hantong Ship Heavy Industry. The Oslo-listed owner will sell the ships, to be named Jin Han and Jin Ming, to two vehicles owned by Jiangsu Financial Leasing before chartering …
https://splash247.com/jinhui-doubles-down-on-newbuild-financing/
https://splash247.com/jinhui-doubles-down-on-newbuild-financing/Greek owner W Marine has moved into ultramax newbuildings with an order for three 64,500 dwt bulk carriers in China. The Yiannis Sarantitis-controlled company has been linked to hulls DJHC6601, DJHC6602 and DJHC6603 at Jiangsu Dajin Heavy Industry, with deliveries lined up for May, August and November 2028. No price has been revealed. The ships …
https://splash247.com/w-marine-broadens-newbuild-drive-with-ultramaxes/
https://splash247.com/w-marine-broadens-newbuild-drive-with-ultramaxes/Arne Blystad-backed Songa Box has ordered two 1,300 teu containerships in China, with options that could lift the series to six vessels and its value to around $180m. The contract was signed with Hubei Guangji Green Energy Shipbuilding, with industry sources putting the price at about $30m per ship. Delivery dates and charter arrangements have …
https://splash247.com/blystad-books-up-to-six-feeders-at-chinese-newcomer/
https://splash247.com/blystad-books-up-to-six-feeders-at-chinese-newcomer/Harry Vafias-backed Stealth Maritime has added two MR product tankers at HD Hyundai Heavy Industries, extending a South Korean newbuilding drive worth around $1.3bn. Brokers are placing the 50,000 dwt ships at $53m each, taking the latest investment to $106m. Delivery is scheduled for the first half of 2029. Neither Stealth Maritime nor HD Hyundai …
https://splash247.com/vafias-stacks-up-more-tanker-orders-in-south-korea/
https://splash247.com/vafias-stacks-up-more-tanker-orders-in-south-korea/Scorpio Tankers has taken a minority stake in an eight-ship VLCC newbuilding venture and lined up two more LR2 product tankers in China, widening a fleet renewal programme across three tanker segments. The New York-listed owner signed a letter of intent in July for two scrubber-fitted LR2s at Jiangsu Hantong Ship Heavy Industry. The vessels …
https://splash247.com/scorpio-tankers-takes-stake-in-eight-vlcc-newbuilds-and-adds-lr2-pair/
https://splash247.com/scorpio-tankers-takes-stake-in-eight-vlcc-newbuilds-and-adds-lr2-pair/A QatarEnergy-controlled liquefied natural gas tanker exited the Strait of Hormuz overnight, the first such vessel recorded by ship-tracking data leaving the waterway since July 11, data from analytics firms showed on Thursday.The Al Areesh…
https://www.marinelink.com/news/qatarenergy-lng-tanker-exits-hormuz-first-541625
https://www.marinelink.com/news/qatarenergy-lng-tanker-exits-hormuz-first-541625Oil prices rose for a second day on Thursday as renewed attacks between the United States and Iran disrupted oil flows through key shipping routes.Brent futures LCOc1 rose $1.06, or 1.17%, to $91.80 a barrel as of 0812 GMT after touching a low of $89.02 in the session.U.S.
https://www.marinelink.com/news/oil-climbs-us-resumes-military-strikes-541626
https://www.marinelink.com/news/oil-climbs-us-resumes-military-strikes-541626A drone caused the fire that engulfed two gas vessels at Egypt's Mediterranean port of Damietta, the Egyptian cabinet said on Thursday, confirming for the first time that the blaze which erupted a day earlier was the result of an attack rather than an accident.No party has claimed responsibility…
https://www.marinelink.com/news/egypt-confirms-drone-hit-damietta-gas-541629
https://www.marinelink.com/news/egypt-confirms-drone-hit-damietta-gas-541629Singapore has issued eight new licenses to supply liquefied natural gas as a marine fuel in Singapore from September 1, 2026, the Maritime and Port Authority of Singapore said on Thursday.The new licences will expand Singapore's LNG bunkering capacity to meet growing demand expectations and support
https://www.marinelink.com/news/singapore-issues-eight-new-lng-bunkering-541630
https://www.marinelink.com/news/singapore-issues-eight-new-lng-bunkering-541630