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Global market chaos continues post-Thanksgiving, reports cash buyer GMS. “Steel plate prices were the highlight of the entire sub-continent—and even China—where they unanimously retreated in unison this week, while the U.S. Dollar also decided…
https://www.marinelink.com/news/tough-year-ship-recyclers-533026
https://www.marinelink.com/news/tough-year-ship-recyclers-533026ABB has secured an order with Washington State Ferries (WSF), the United States’ largest ferry operator, to supply and integrate hybrid-electric propulsion systems for two hybrid-electric 160-auto ferries.With the first two ships scheduled for delivery from Eastern Shipbuilding Group…
https://www.marinelink.com/news/abb-power-washington-state-ferries-first-533030
https://www.marinelink.com/news/abb-power-washington-state-ferries-first-533030Today, Monday, December 01 2025, the Baltic Dry Index climbed by 23 points, reaching 2583 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-climbs-to-2560-up-23-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2560-up-23-points/Iron ore futures prices advanced for a fourth session on Monday, buoyed by strong buying of medium-grade cargoes, though gains were capped by year-end blast furnace maintenance. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) rose 1.14% to 801 yuan($113.24) a metric ton. The benchmark January iron ore (SZZFF6) on the ...
https://www.hellenicshippingnews.com/iron-ore-extends-rally-on-demand-for-medium-grade-cargoes/
https://www.hellenicshippingnews.com/iron-ore-extends-rally-on-demand-for-medium-grade-cargoes/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, rose to a near two-year-high on Monday, supported by strong gains in the capesize segment. The main index which factors in rates for capesize, panamax and supramax shipping vessels, rose by 23 points, or 0.9%, to 2,583 points, ...
https://www.hellenicshippingnews.com/strong-capesize-rates-propel-baltic-index-to-near-2-year-high/
https://www.hellenicshippingnews.com/strong-capesize-rates-propel-baltic-index-to-near-2-year-high/The orderbook for bulkers hasn’t been refilled so far in 2025, with owners hesitant to place more orders, closing in at the lowest level since almost a decade. In its latest weekly report, shipbroker Intermodal said that “during the past few weeks, we have seen a notable resurgence in dry bulk newbuilding activity from Greek ...
https://www.hellenicshippingnews.com/dry-bulk-newbuilding-orders-lowest-since-2016/
https://www.hellenicshippingnews.com/dry-bulk-newbuilding-orders-lowest-since-2016/TGS has secured a new ocean-bottom node (OBN) contract in Europe, marking the company’s first firm award for the 2026 acquisition season. The Oslo-listed seismic group said its node-on-a-rope crew will mobilise in early May 2026 for a programme expected to run for about 60 days. The job comes from a long-standing client that has …
https://splash247.com/tgs-bags-european-obn-contract/
https://splash247.com/tgs-bags-european-obn-contract/Havila Shipping has secured more work with Equinor after the Norwegian energy major exercised fresh options on one of the owner’s platform supply vessels. The latest extension covers the PSV Havila Foresight, keeping the 2008-built ship on charter until January 2027. Equinor also holds a further one-year option that could run the deal to early …
https://splash247.com/havila-shipping-scores-fresh-equinor-psv-extension/
https://splash247.com/havila-shipping-scores-fresh-equinor-psv-extension/Greece’s Top Ships is preparing to diversify again with a move into Dubai real estate through a deal tied to its chief executive and major shareholder, Evangelos Pistiolis. The New York-listed tanker owner has signed a letter of intent to acquire all or part of a residential property portfolio in Dubai controlled by a Pistiolis-affiliated …
https://splash247.com/top-ships-lines-up-200m-dubai-property-grab-from-ceo/
https://splash247.com/top-ships-lines-up-200m-dubai-property-grab-from-ceo/Product tanker heavyweight Hafnia has moved ahead with a fresh round of fleet trimming, selling four older MR tankers as part of its rolling renewal programme. The BW Group-backed owner confirmed it sold the 2011-built Hafnia Andromeda in September, followed by the 2012-built Hafnia Lupus in October. Two more MRs — the 2010-built Hafnia Nordica …
https://splash247.com/hafnia-trims-ageing-tonnage-with-four-ship-sale/
https://splash247.com/hafnia-trims-ageing-tonnage-with-four-ship-sale/