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Most coal exporting countries have seen lower exports so far in the year, with Indonesia being no exception. The main “culprit” is China’s diminished appetite for seaborne coal imports. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Oct 2025, global seaborne coal loadings declined by -3.6% y-o-y to 1,089.5 mln t (excluding ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-chinas-coal-imports-down-13-in-2025/
https://www.hellenicshippingnews.com/dry-bulk-shipping-chinas-coal-imports-down-13-in-2025/The UK government has announced during its presentation of the budget that the windfall tax, introduced in 2022, would remain in place until 2030. Under the windfall tax, formally known as the Energy Profits Levy, operators are handing over 78% of their profits to the UK Treasury—one of the highest rates in the world. According …
https://splash247.com/uk-oil-and-gas-sector-set-to-lose-66bn-over-decision-to-retain-windfall-tax/
https://splash247.com/uk-oil-and-gas-sector-set-to-lose-66bn-over-decision-to-retain-windfall-tax/Today, Friday, November 28 2025, the Baltic Dry Index climbed by 80 points, reaching 2560 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-80-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2560-up-80-points/Peter Borup, the CEO of Quadrise, writes for Splash today. The maritime industry has a fuel problem. Despite a clear change in rhetoric in recent years regarding the need for shipping to decarbonise, 100% of the industry continues to rely, in some form, on fossil-fuel powered ships, whilst coal, oil and gas represent at least …
https://splash247.com/waiting-for-the-perfect-alternative-fuel-isnt-an-option/
https://splash247.com/waiting-for-the-perfect-alternative-fuel-isnt-an-option/South Korea’s Hyundai Glovis has signed a long-term charter deal for liquefied natural gas (LNG) carrier newbuild with a global trading company. Under the agreement, the Seoul-based shipping arm of the Hyundai Motor Group will build a new 174,000 cu m unit to carry LNG under a contract lasting up to 15 years. The company …
https://splash247.com/hyundai-glovis-clinches-15-year-lng-newbuild-deal/
https://splash247.com/hyundai-glovis-clinches-15-year-lng-newbuild-deal/Singapore-based large bulkers specialist Winning International Group has returned to Hengli Shipbuilding for another round of very large ore carrier newbuildings, securing two more 325,000 dwt vessels to support its West Africa–China trade. Newbuilding sources say the latest contract follows the company’s order last year for six ships of the so-called WinningMax class, with deliveries …
https://splash247.com/winning-back-at-hengli-for-more-vloc-newbuilds/
https://splash247.com/winning-back-at-hengli-for-more-vloc-newbuilds/Evalend Shipping has moved to bulk up its suezmax newbuilding programme in South Korea, with the Greek owner eyeing another two units at HD Hyundai as crude tanker contracting continues at pace. Shipbuilding players have linked the Kriton Lendoudis-led company to a fresh pair of 157,000 dwt newbuildings, understood to be scrubber-fitted and set to …
https://splash247.com/evalend-adds-to-expanding-suezmax-line-up/
https://splash247.com/evalend-adds-to-expanding-suezmax-line-up/France’s biggest port has unveiled an investment plan of unprecedented scale as Marseille-Fos races to secure a stronger foothold in the Mediterranean container market. The new 2025–2029 strategic blueprint, approved this week, calls for up to €1.3bn ($1.5bn) in spending — triple the previous five-year cycle — as the port doubles down on terminal upgrades, …
https://splash247.com/marseille-fos-maps-out-1-5bn-expansion-through-2029/
https://splash247.com/marseille-fos-maps-out-1-5bn-expansion-through-2029/In a busy week for HMM’s expansion plans, South Korea’s flagship line has tapped Hanwha Ocean to build four 13,000 teu ships in a deal worth $730m. The ships will deliver in 2029. On Monday, Splash reported HMM had contracted HD Hyundai for eight 13,400 teu LNG dual-fuel containerships, in a deal worth $1.46bn. HMM …
https://splash247.com/hmm-orders-four-boxships-at-hanwha-ocean/
https://splash247.com/hmm-orders-four-boxships-at-hanwha-ocean/The Suez Canal Authority was in bullish form this week, suggesting that many shipping companies are readying to ditch the Cape of Good Hope and return to Red Sea transits, something that will have an enormous impact on freight rates. Diana Shipping made its move on New York-listed Genco Shipping & Trading, tabling a cash …
https://splash247.com/splash-wrap-all-eyes-on-the-suez-canal/
https://splash247.com/splash-wrap-all-eyes-on-the-suez-canal/