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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a six-day winning streak on Wednesday, falling 4 points to 2,871 points, pressured by the larger vessel segment. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased by 0.8% to 4,480 points, after ...
https://www.hellenicshippingnews.com/baltic-dry-index-breaks-6-day-advance/
https://www.hellenicshippingnews.com/baltic-dry-index-breaks-6-day-advance/New York-listed Greek bulker owner Diana Shipping has fixed one of its kamsarmaxes on a stronger time charter as the vessel rolls off its current employment. The Semiramis Paliou-led company has secured a deal with Aquavita International for the 2010-built, 82,194 dwt Medusa. The gross charter rate has been set at $16,850 per day, minus …
https://splash247.com/diana-secures-improved-kamsarmax-deal/
https://splash247.com/diana-secures-improved-kamsarmax-deal/Bahri Logistics, a unit of Saudi shipowner Bahri, has signed a newbuild agreement with Grandweld Shipyard to construct two advanced offshore service vessels. The two vessels will be custom-built to meet the operational requirements of offshore activities at Ras Tanura Port, one of the world’s busiest energy hubs. Both vessels will be built at Grandweld Shipyard’s …
https://splash247.com/bahri-books-pair-of-offshore-support-vessels-at-grandweld/
https://splash247.com/bahri-books-pair-of-offshore-support-vessels-at-grandweld/Marine fuel supplier Peninsula and Japanese trading house Itochu have launched a joint venture to develop ammonia bunkering across Europe. The new company, I&P Marine Ammonia, will focus on key European and Mediterranean ports as the partners look to build supply chains for ammonia as a marine fuel. The venture follows a memorandum of understanding …
https://splash247.com/peninsula-and-itochu-launch-ammonia-bunkering-venture/
https://splash247.com/peninsula-and-itochu-launch-ammonia-bunkering-venture/Houston-based Oceaneering International has been awarded a contract from Brazil’s state-owned giant Petrobras to deliver ROV services offshore Brazil. The contract, awarded to Oceaneering’s Brazilian subsidiary, Marine Production Systems do Brasil, follows a competitive tender process. The contract term is four years, and operations are expected to begin in 2027. Oceaneering will supply two work-class …
https://splash247.com/petrobras-picks-oceaneering-for-rov-services/
https://splash247.com/petrobras-picks-oceaneering-for-rov-services/Hayfin Capital Management has struck a deal to sell an 11-vessel offshore support fleet managed by German-based United Offshore Support. The London-based alternative asset manager has agreed to sell the UOS-managed “GH” anchor handler fleet to a newly established company backed by what UOS described as leading investors in the maritime sector. No price has …
https://splash247.com/hayfin-sells-11-vessel-ahts-fleet/
https://splash247.com/hayfin-sells-11-vessel-ahts-fleet/South Korea’s Polaris Shipping has been linked to an order for up to four newcastlemax bulk carriers at China’s Hengli Shipbuilding. Shipbuilding sources report the Seoul-based owner has contracted two firm 210,000 dwt bulkers at the Dalian yard, with options for two more. The ships are priced at around $80m each and are expected to …
https://splash247.com/polaris-lines-up-vale-backed-newcastlemaxes/
https://splash247.com/polaris-lines-up-vale-backed-newcastlemaxes/Six months after Saudi Arabia’s Zamil Offshore Services Company acquired Norway’s Remøy Shipping, the company rebranded to Bower Offshore. The new company, built on more than 125 years of experience from the Norwegian maritime industry, chose its name from a very familiar word in the industry – the main anchor of a ship. “The very …
https://splash247.com/remoy-shipping-begins-new-chapter-as-bower-offshore/
https://splash247.com/remoy-shipping-begins-new-chapter-as-bower-offshore/Europe can significantly scale up offshore wind without squeezing out other sea users, according to a new WWF briefing. A new analysis has found that the area required for the EU to meet its offshore wind targets is minimal, occupying just 0.19% of EU seas by 2030, rising to 0.58% by 2040. This leaves the …
https://splash247.com/poor-planning-not-lack-of-sea-space-is-slowing-offshore-wind/
https://splash247.com/poor-planning-not-lack-of-sea-space-is-slowing-offshore-wind/Britain and the Netherlands have signed a maritime partnership setting the path for new amphibious transport ships for their forces under a $3.2 billion (£2.4 billion) deal, with the vessels set to be built in UK shipyards alongside Dutch industry.The…
https://www.marinelink.com/news/uk-netherlands-forge-b-maritime-541020
https://www.marinelink.com/news/uk-netherlands-forge-b-maritime-541020