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The dry bulk market has seen a healthy rally to the best levels of the past five years. In its latest weekly report, shipbroker Xclusiv said that “the Capesize market has moved into territory not seen for almost five years, with the Baltic Exchange C5TC reaching USD 54,791/day on 4 September 2026. Based on the ...
https://www.hellenicshippingnews.com/dry-bulk-market-enjoying-best-period-in-five-years/
https://www.hellenicshippingnews.com/dry-bulk-market-enjoying-best-period-in-five-years/Petros Panagiotidis is returning to the spin-off playbook, with Toro Corp moving to carve out its remaining two LPG carriers into another Nasdaq-listed vehicle and leave itself with a tanker-only fleet. The Cyprus-based owner plans to spin off the 2015-built, 5,000 cu m Dream Arrax and Dream Vermax into AI OKTO Corp, along with $45m …
https://splash247.com/panagiotidis-reshuffles-fleet-again-with-toro-lpg-spin-off/
https://splash247.com/panagiotidis-reshuffles-fleet-again-with-toro-lpg-spin-off/Sunil Kapoor on why technology is changing the balance in shipping. When we acquired our vessel, several shipmanagement companies approached us. Nearly every conversation began in the same way: “Let me show you our platform.” Dashboards. Procurement systems. Performance monitoring. Everything looked impressive on the screen. But most of this technology was no longer exclusive …
https://splash247.com/the-return-of-the-small-shipowner/
https://splash247.com/the-return-of-the-small-shipowner/Polys Hajioannou-led Safe Bulkers has raised €80.4m ($93.5m) through a private placement, adding fresh capital to fund its growing newbuilding programme and potentially pursue further vessel acquisitions. The New York- and Athens-listed owner placed 12m new common shares with institutional and other eligible investors through an accelerated bookbuild at €6.70 ($7.79) per share. Hajioannou, Safe …
https://splash247.com/safe-bulkers-raises-94m-for-fleet-push/
https://splash247.com/safe-bulkers-raises-94m-for-fleet-push/New Fortress Energy has sold two former Seadrill cylindrical semisubs for demolition, ending a four-year effort to repurpose the pair as floating LNG liquefaction facilities. VesselsValue’s latest demolition data lists the 2009-built Sevan Driller and 2012-built Sevan Brasil as sold for scrap by New Fortress this month. No sale price or recycling destination was disclosed. …
https://splash247.com/new-fortress-scraps-former-seadrill-semisub-pair-after-flng-plans-fade/
https://splash247.com/new-fortress-scraps-former-seadrill-semisub-pair-after-flng-plans-fade/India’s Cochin Shipyard has approved a 50:50 joint venture with DP World’s Drydocks World that will take over its International Ship Repair Facility (ISRF) in Kochi, giving the Dubai-based repair specialist the lead role in running the operation. Cochin will transfer the Willingdon Island facility to the new company as a going concern for not …
https://splash247.com/cochin-and-drydocks-world-seal-kochi-repair-venture/
https://splash247.com/cochin-and-drydocks-world-seal-kochi-repair-venture/Twenty-five people have died after a fire broke out on a bulk carrier undergoing repairs at CSSC-controlled Qingdao Beihai Shipbuilding in eastern China on Thursday. The fire started at around 11.15 am local time while the foreign-flagged vessel was being overhauled at the Qingdao yard. Chinese authorities said 42 people were onboard at the time. …
https://splash247.com/25-dead-in-bulker-blaze-at-chinese-shipyard/
https://splash247.com/25-dead-in-bulker-blaze-at-chinese-shipyard/Deep in Arctic waters near the remote Svalbard archipelago this spring, NATO allies caught Russian subs training to unleash a secret weapon designed to disable critical undersea cables without leaving any fingerprints.The clandestine Russian operation…
https://www.marinelink.com/news/nato-allies-disrupt-russian-subsea-cable-542854
https://www.marinelink.com/news/nato-allies-disrupt-russian-subsea-cable-542854Iran has suspended a 10% charge on freight fees for foreign vessels carrying imported or exported oil, gas and liquid petroleum products to and from Iran, the semi-official Fars news agency reported on Thursday.A U.S.
https://www.marinelink.com/news/iran-waives-levy-ease-foreign-energy-542855
https://www.marinelink.com/news/iran-waives-levy-ease-foreign-energy-542855Yemen's Iran-aligned Houthi militants have seized control of the historic port city of Mocha, four government military sources said, ina strategic shift that could threaten the Bab el-Mandeb Strait, one of the world's most important shipping…
https://www.marinelink.com/news/houthi-advance-toward-bab-elmandeb-raises-542858
https://www.marinelink.com/news/houthi-advance-toward-bab-elmandeb-raises-542858