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Today, Thursday, May 14 2026, the Baltic Dry Index climbed 6 points, reaching 3195 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 hit ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3195-up-6-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3195-up-6-points/After a cautiously optimistic start to 2026 for Middle East offshore markets, escalating regional conflict has rapidly altered the outlook. Expectations of steady tendering activity and tightening jackup supply have been undermined by rising political risk across the Gulf. In January 2026, London-based energy market research firm Westwood said that the global jackup market would …
https://splash247.com/middle-east-conflict-derails-jackup-market-recovery/
https://splash247.com/middle-east-conflict-derails-jackup-market-recovery/Norwegian offshore vessel owner DOF has agreed to sell one of its cable-laying vessels to South Korean cable maker Taihan Cable & Solution. The 2016-built cable layer Skandi Connector will be the second cable layer in Taihan’s fleet and South Korea overall, alongside the 2010-built Palos. According to DOF, the vessel is planned to be …
https://splash247.com/dof-sells-cable-layer-to-south-korean-buyer/
https://splash247.com/dof-sells-cable-layer-to-south-korean-buyer/Twenty years ago, Stuart Macdonald read a book about a middle-aged British man who rowed the Atlantic and then went on to row the Pacific solo. The idea lodged itself in his mind and refused to leave. At the start of next year, he intends to do something about it with the shipping industry today, …
https://splash247.com/stuart-macdonald-the-mountain-guide-who-wants-to-row-the-atlantic/
https://splash247.com/stuart-macdonald-the-mountain-guide-who-wants-to-row-the-atlantic/US-listed Teekay Tankers has moved to expand and modernise its mid-sized crude carrier fleet through the acquisition of two Korean-built suezmax resale newbuildings. The company disclosed that it recently agreed to purchase the vessels for a combined $190m, with deliveries expected in 2027. No further details on the seller, shipyard or vessel specifications have been …
https://splash247.com/teekay-tankers-snaps-up-korean-resale-suezmaxes/
https://splash247.com/teekay-tankers-snaps-up-korean-resale-suezmaxes/The fight over Costa Rica’s Puerto Caldera concession has intensified after the Philippine terminal operator, International Container Terminal Services, secured a formal review of the award granted to a consortium backed by the liner giants Maersk and Hapag-Lloyd. Costa Rica’s Office of the Comptroller General of the Republic (CGR) has admitted ICTSI’s appeal against the …
Wolfgang Lehmacher discusses emotion AI and shipping. A recent essay in The Atlantic warned that “emotion AI” is creeping into offices and call centres, claiming to read workers’ feelings from faces, voices and keystrokes. But what about shipping? Over the past decade, the industry has wired up ships and ports. We track hulls via AIS, …
https://splash247.com/when-algorithms-read-the-crew/
https://splash247.com/when-algorithms-read-the-crew/A vessel anchored off the coast of the United Arab Emirates has been seized by unauthorised personnel and is now heading toward Iranian territorial waters, according to British maritime security authorities. The incident took place about 38 nautical miles northeast of Fujairah, one of the region’s most important bunkering and oil export hubs near the …
https://splash247.com/vessel-heads-for-iranian-waters-after-boarding-incident-off-uae/
https://splash247.com/vessel-heads-for-iranian-waters-after-boarding-incident-off-uae/Singapore-based Nura Shipco Management has formally launched operations under the leadership of former Fleet Management executive Aga Nagarajan, marking the arrival of a new player in the shipmanagement sector. The company was established in January 2026 in partnership with Nura International Shipping and is positioning itself as a quality-focused management platform centred on compliance, crew …
https://splash247.com/fleet-management-stalwart-unveils-new-singapore-operation/
https://splash247.com/fleet-management-stalwart-unveils-new-singapore-operation/Bjorn Hojgaard, the CEO of Anglo-Eastern Univan Group, the world’s largest shipmanager, is the latest high-profile name to agree to speak at September’s Splash Singapore, a new event from the organisers of Geneva Dry that is rapidly shaping up to be Asia’s top shipowner summit. Hojgaard will take the stage for the opening Big Issues …
https://splash247.com/splash-singapore-assembles-maritime-power-players/
https://splash247.com/splash-singapore-assembles-maritime-power-players/