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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, eased from a near two-year-peak on Thursday, pressured by weaker rates across all segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 31 points, or 1.1%, to 2,815 points. The ...
https://www.hellenicshippingnews.com/baltic-index-edges-down-from-near-two-year-peak-as-rates-drop-across-all-segments/Greek owners have moved forward with a significant restructuring of their bulker fleet during 2025. The focus has been on fewer, but younger and larger ships. In its latest weekly report, shipbroker Xclusiv said that “the 2025 YTD dry bulk SnP market continues to show strong liquidity, but the nationality mix reveals where real conviction ...
https://www.hellenicshippingnews.com/greek-ship-owners-pursue-dry-bulk-fleet-restructuring/
https://www.hellenicshippingnews.com/greek-ship-owners-pursue-dry-bulk-fleet-restructuring/Integrated Wind Solutions (IWS) has strengthened its charter backlog after its offshore wind subsidiary, IWS Fleet, locked in fresh extensions for its Skywalker-class commissioning service operation vessels. The company said it has secured a 70-day fixed extension for the IWS Sunwalker, closing a gap in its schedule for early 2026. With the new deal, the …
https://splash247.com/integrated-wind-solutions-locks-down-csovs-with-fresh-charter-extension/
https://splash247.com/integrated-wind-solutions-locks-down-csovs-with-fresh-charter-extension/Carl Martin Faannessen, CEO of Noatun Maritime, is in two minds when it comes to AI and crewing. A ship has a personality, or so many would like us to believe. This is fine – humans have bestowed personalities on inanimate objects since our first trembles on two legs. What many fail to consider is …
https://splash247.com/artificial-intelligence-versus-authentic-relationships/
https://splash247.com/artificial-intelligence-versus-authentic-relationships/Germany’s Neu Seeschiffahrt has stepped up its fleet renewal drive with a major order for six 342,000 dwt very large ore carriers at China Merchants Shipbuilding Industry, marking one of the owner’s most aggressive newbuilding moves in nearly two decades. The Hamburg-based company — usually a low-profile player in the newbuild market — has not …
https://splash247.com/neu-seeschiffahrt-ramps-up-newbuild-push-with-vloc-series-in-china/
https://splash247.com/neu-seeschiffahrt-ramps-up-newbuild-push-with-vloc-series-in-china/Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world’s largest insurance broker, Bloomberg reported yesterday the cost of covering port calls in the region has more than tripled in recent days. Prior to the latest …
https://splash247.com/black-sea-war-risk-premiums-surge/
https://splash247.com/black-sea-war-risk-premiums-surge/As marketing ratchets up for next April’s big annual dry bulk summit, Splash sits down with top names attending the event. As artificial intelligence gains ground across shipping, Janani Yagnamurthy believes the real breakthroughs will not come from broad, all-purpose models, but from highly tailored, shipping-specific intelligence. The vice president of product and strategic growth …
https://splash247.com/geneva-dry-dialogues-marcura-2/
https://splash247.com/geneva-dry-dialogues-marcura-2/Eyal Ofer’s Zodiac Maritime has joined the latest wave of crude carrier orders, placing a major VLCC newbuilding programme in China as part of its broader $1.6bn fleet renewal drive. The London-based owner has ordered six firm and up to eight conventionally fuelled VLCCs from Jiangsu New Hantong Ship Heavy Industry, marking its biggest move …
https://splash247.com/zodiac-maritime-unleashes-1-6bn-vlcc-and-boxship-play-in-china/
https://splash247.com/zodiac-maritime-unleashes-1-6bn-vlcc-and-boxship-play-in-china/The S&P market is seeing strong momentum. In terms of age profile, 10–15-year-old ships are once again among the most sought-after, supported by capesize rates now closing in on the $45,000 per day mark—levels not seen in years. Tokyo-headquartered NYK Bulkship has agreed to sell the 2012-built, 107,000 dwt NBA Rembrandt, with multiple brokers pointing …
https://splash247.com/capes-changing-hands-for-increasing-sums/
https://splash247.com/capes-changing-hands-for-increasing-sums/The capesize market is ending the year with a burst of momentum rarely seen outside cyclical peaks, as tightening tonnage and strengthening long-haul trade routes drive spot rates to their highest levels in two years. Spot rates leapt by more than $6,000 yesterday to approach the $45,000 mark. Despite softness in global steel markets – …
https://splash247.com/capesize-rates-charge-past-40000-a-day-as-tonnage-tightens-across-basins/
https://splash247.com/capesize-rates-charge-past-40000-a-day-as-tonnage-tightens-across-basins/