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Today, Friday, July 18 2025, the Baltic Dry Index climbed by 22 points, reaching 2052 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-2052-up-22-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2052-up-22-points/Oslo-listed seismic data specialist TGS has announced that it will be selling two of its vessels and stacking another due to challenging conditions in the market. Kristian Johansen, CEO of TGS, said in the second quarter 2025 earnings release that the company is in the process of selling the 1995-built Ramform Explorer and the 1998-built …
https://splash247.com/tgs-selling-two-of-its-oldest-vessels/
https://splash247.com/tgs-selling-two-of-its-oldest-vessels/New York’s Public Service Commission has stopped the project that would bring offshore wind power to New York City. Gas and electric utility customers would pay for the costs of the transmission lines to transport wind power that doesn’t exist, leaving them vulnerable to rate hikes, especially due to Trump’s decision to block the issuance …
https://splash247.com/new-york-cancels-offshore-wind-power-line-project-due-to-trump-ban/
https://splash247.com/new-york-cancels-offshore-wind-power-line-project-due-to-trump-ban/Offshore engineering and services provider Subsea 7 has secured a contract for work on Equinor’s Fram Sør development project, located offshore Norway. The project’s work scope encompasses engineering, procurement, construction, and installation of subsea structures and flowlines, including 53 km of production, gas lift, and water injection lines. It also includes the installation of the …
https://splash247.com/subsea-7-wins-new-equinor-contract-for-north-sea-development/
https://splash247.com/subsea-7-wins-new-equinor-contract-for-north-sea-development/Irene Rosberg, programme director of the Blue MBA at Copenhagen Business School, writes for Splash. The map has changed, and it keeps changing. In maritime, this is no longer a cliché; it’s a daily reality. For those of us shaping the next generation of leadership at the CBS Blue MBA, the biggest challenge facing senior …
https://splash247.com/why-todays-maritime-leaders-must-unlearn-to-adapt/
https://splash247.com/why-todays-maritime-leaders-must-unlearn-to-adapt/Oslo-listed MPC Container Ships has placed a $228m order for four 4,500 teu container vessels at China’s Taizhou Sanfu Ship Engineering with secured three-year charters, as well as divesting some older tonnage while expanding its financing platform with new debt facilities totalling over $100m. The ships, which will deliver in 2027, will generate around $140m …
https://splash247.com/mpc-container-ships-spends-228m-on-four-4500-teu-orders-in-china/
https://splash247.com/mpc-container-ships-spends-228m-on-four-4500-teu-orders-in-china/Japanese shipping giant Nippon Yusen Kaisha is spending EUR1.25bn ($1.45bn) to acquire the healthcare logistics business of the Walden Group through the acquisition of the entire share capital of Movianto International. The healthcare logistics business of the Walden Group includes Movianto, Eurotranspharma, Transpharma International and Walden Digital. Specialising in the healthcare industry, the business provides …
https://splash247.com/nyk-injects-1-45bn-into-european-healthcare-supply-chain/
https://splash247.com/nyk-injects-1-45bn-into-european-healthcare-supply-chain/Russia’s state-run port operator FSUE Rosmorport has announced a RUB 3.16 billion ($39.5m) tender to inspect the underwater sections of vessels at key Baltic Sea ports amid mounting concerns over maritime sabotage. The sweeping safety initiative follows a string of mysterious explosions on merchant ships, most recently aboard StealthGas’s ammonia tanker Eco Wizard (pictured) at …
https://splash247.com/moscow-orders-ship-hull-sweeps-after-surge-in-mystery-blasts/
https://splash247.com/moscow-orders-ship-hull-sweeps-after-surge-in-mystery-blasts/Greek dry bulk owner Diana Shipping has disclosed a 7.7% equity stake in US-listed peer Genco Shipping & Trading, further stirring interest around the Manhattan-based bulker player. A recent 13D filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana has acquired around 3.3m shares in Genco, valued at roughly $46m. The …
https://splash247.com/diana-shipping-makes-move-on-genco-with-46m-stock-play/
https://splash247.com/diana-shipping-makes-move-on-genco-with-46m-stock-play/The European Union officially rolled out its 18th sanctions package today, overcoming opposition from Slovakia earlier in the week. The sanctions are aimed squarely at crippling Moscow’s revenue streams and tightening the noose on its shadow fleet of sanctioned tankers Under the new measures, the oil price cap for Russian crude will be tightened—reduced to …