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The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, edged up on Friday due to higher rates in capesize and supramax vessel segments. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, rose 8 points, or 0.4%, to 2,025 points, logging a weekly gain ...
https://www.hellenicshippingnews.com/baltic-index-climbs-on-higher-capesize-and-supramax-rates/
https://www.hellenicshippingnews.com/baltic-index-climbs-on-higher-capesize-and-supramax-rates/Vattenfall has signed a deal with EMS Maritime Offshore (EMO) to establish an operations and maintenance (O&M) base in the Dutch port of Eemshaven to support construction and operation of its planned Nordlicht 1 and 2 wind farms, which will…
https://www.marinelink.com/news/vattenfall-secures-dutch-base-support-529441
https://www.marinelink.com/news/vattenfall-secures-dutch-base-support-529441Japan’s Mitsui O.S.K. Lines (MOL) has announced that a cargo transfer vessel (CTV) owned by one of its subsidiaries will be shared by the Brazilian arms of TotalEnergies and Shell. The 2018-built CTV SeaLoader 1 has been employed by TotalEnergies since 2020 for transferring crude oil produced by FPSOs located in the Santos Basin to …
https://splash247.com/totalenergies-and-shell-to-share-mols-cargo-transfer-vessel/
https://splash247.com/totalenergies-and-shell-to-share-mols-cargo-transfer-vessel/The Australian government has awarded three preliminary feasibility licences for offshore wind projects in Western Australia’s Bunbury zone. The Bunbury zone is located south of Perth and was declared in September 2024. Authorities believe that it could provide up to 11.4GW of renewable energy. In the southern area of the zone, Westward Wind and Bunbury …
https://splash247.com/preliminary-licences-granted-for-two-more-australian-offshore-wind-farms/
https://splash247.com/preliminary-licences-granted-for-two-more-australian-offshore-wind-farms/John Fredriksen’s Frontline has confirmed the disposal of its oldest suezmax tanker. The New York- and Oslo-listed owner said the 2011-built, scrubber-fitted Front Brage has been sold for $36.4m, with delivery due in the third quarter of 2025. After debt repayment, Frontline expects net cash proceeds of $23.7m and a $6m gain from the sale. …
https://splash247.com/frontline-offloads-oldest-suezmax/
https://splash247.com/frontline-offloads-oldest-suezmax/Baltimore’s shipping traffic was disrupted for nearly a week after an explosion on a fully laden coal carrier in the Patapsco River forced the recovery of a massive 30-ton hatch from the harbour. The 81,681 dwt W-Sapphire, managed by Athens-based W Marine and flagged in Liberia, had just cleared CSX’s Curtis Bay terminal around 6:30 …
https://splash247.com/30-ton-hatch-recovered-from-coal-ship-explosion-in-baltimore/
https://splash247.com/30-ton-hatch-recovered-from-coal-ship-explosion-in-baltimore/The fire-damaged Wan Hai 503 is being towed across the Arabian Sea toward the Middle East after spending nearly 11 weeks stranded without a port of refuge, following rejections from both Sri Lanka and India. The 4,333 teu containership (built 2005) caught fire on June 9 off Kerala, southwest India, after an under-deck explosion. Four …
US-based dry bulk owner Genco Shipping & Trading has handed chief executive John Wobensmith the additional role of chairman, following the retirement of long-serving board chair James Dolphin. The New York-listed company, which runs a fleet of 43 vessels, said Dolphin steps down after 11 years on the board, including the past four as chairman, …
https://splash247.com/genco-ceo-wobensmith-steps-into-chairman-role/
https://splash247.com/genco-ceo-wobensmith-steps-into-chairman-role/Shipbuilding has become a central part of trade diplomacy in the Trump era. As well as a customised gold putter, it was noticeable that the Korean president, Lee Jae Myung, also presented Donald Trump with a model of an ancient Korean battleship when the pair met up earlier this week in the White House for …
https://splash247.com/splash-wrap-koreans-bankroll-americas-rusting-docks/
https://splash247.com/splash-wrap-koreans-bankroll-americas-rusting-docks/Britain, France and Germany have triggered a 30-day process to reimpose United Nations sanctions on Iran, a move that threatens to shake up tanker markets. The so-called snapback mechanism, launched on Thursday, would reinstate wide-ranging sanctions suspended under the 2015 nuclear accord, including restrictions on oil exports, financial flows, and maritime trade. Iran’s crude exports—already …
https://splash247.com/europe-moves-to-snap-back-iran-sanctions/
https://splash247.com/europe-moves-to-snap-back-iran-sanctions/