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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a second day on Thursday, rising 0.7% to 2,014 points, bolstered by the bigger-size segment. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal, was also up for a second session, climbing 2% ...
https://www.hellenicshippingnews.com/baltic-dry-index-rises-for-2nd-day/
https://www.hellenicshippingnews.com/baltic-dry-index-rises-for-2nd-day/The largest onshore and offshore drilling company in Saudi Arabia by fleet size, Arabian Drilling, has suspended operations on several offshore rigs in the Gulf due to ongoing tensions in the Middle East. The company said the move was part of its established safety and operational protocols, with a focus on safeguarding personnel and assets. …
https://splash247.com/gulf-tensions-force-arabian-drilling-to-suspend-ops-on-some-offshore-rigs/
https://splash247.com/gulf-tensions-force-arabian-drilling-to-suspend-ops-on-some-offshore-rigs/Golar LNG has launched a strategic review that could open the door to a sale, merger or other deal, as the company looks to speed up growth in floating LNG. The Nasdaq-listed FLNG specialist said its board has started a formal process to evaluate strategic alternatives, with Goldman Sachs brought in as financial advisor. The …
https://splash247.com/flng-specialist-golar-reviews-future-path/
https://splash247.com/flng-specialist-golar-reviews-future-path/Shipowners are holding back on engine retrofit decisions despite growing technical readiness, as uncertainty around decarbonisation rules continues to cloud investment plans. That’s the key takeaway from British class society Lloyd’s Register’s latest engine retrofit report, which points to a widening gap between capability and commitment across the sector. While 2025 saw only limited growth …
https://splash247.com/retrofit-market-stalls-as-owners-wait-on-rules/
https://splash247.com/retrofit-market-stalls-as-owners-wait-on-rules/Israel has claimed it killed the head of Iran’s Revolutionary Guard naval forces, a key figure behind recent threats and disruption to shipping through the Strait of Hormuz. Alireza Tangsiri, commander of the Islamic Revolutionary Guard Corps (IRGC) Navy, was reportedly killed in a strike in the southern port city of Bandar Abbas, according to …
https://splash247.com/israel-claims-top-iranian-naval-commander-killed/
https://splash247.com/israel-claims-top-iranian-naval-commander-killed/Denmark’s Alba Tankers has seen the change of ownership with fellow ship investment vehicle Zeaside Capital Partners taking control of the shortsea specialist as it looks to build a broader tanker business. The deal sees Zeaside partner with a group of Danish and international investors to take over Alba, which operates out of Denmark, Sweden …
https://splash247.com/alba-tankers-gets-new-owners/
https://splash247.com/alba-tankers-gets-new-owners/A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul's Bosphorus strait on Thursday, Turkey's transportation minister said.The incident, one of several in recent months…
https://www.marinelink.com/news/turkish-tanker-hit-drone-black-sea-537342
https://www.marinelink.com/news/turkish-tanker-hit-drone-black-sea-537342Oil rose about 2% on Thursday, clawing back losses from the previous session on concerns that protracted fighting in the Middle East will further disrupt energy flows.Brent futures LCOc1 rose $2.08, or 2.03%, to $104.30 a barrel by 0638 GMT, while U.S.
https://www.marinelink.com/news/oil-rises-ceasefire-optimism-fades-537344
https://www.marinelink.com/news/oil-rises-ceasefire-optimism-fades-537344The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers.Before the war…
https://www.marinelink.com/news/iran-war-sends-lng-prices-soaring-curbing-537345
https://www.marinelink.com/news/iran-war-sends-lng-prices-soaring-curbing-537345The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in its fourth week…
https://www.marinelink.com/news/iran-war-energy-shock-pushes-europe-537346
https://www.marinelink.com/news/iran-war-energy-shock-pushes-europe-537346