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Today, Monday, December 08 2025, the Baltic Dry Index decreased by 33 points, reaching 2694 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-falls-to-2694-down-33-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2694-down-33-points/US supermajor Chevron has revealed plans to invest AUD 3bn ($2bn) in a backfill development that will connect the offshore Geryon and Eurytion natural gas fields to Gorgon’s existing subsea gas-gathering infrastructure and processing facilities on Barrow Island. This so-called Gorgon Stage 3 project, part of the original development plan for Gorgon, is the first …
https://splash247.com/chevron-to-invest-2bn-into-new-gorgon-backfill-project/
https://splash247.com/chevron-to-invest-2bn-into-new-gorgon-backfill-project/Anti-bullying and harassment mandatory training is welcomed, but training alone will not solve the problem, writes Marinos Kokkinis, the CEO of OneCare Group. The decision to make anti-bullying and harassment training mandatory for all seafarers from 2026 is long overdue, but if the maritime industry believes that training alone will fix the problem then it is …
https://splash247.com/tackling-harassment-at-sea/
https://splash247.com/tackling-harassment-at-sea/Hong Kong-listed dry bulk giant Pacific Basin has launched a new Sustainable Energy Solutions team, reshaping its long-standing bunker department as the company steps up its response to shifting fuel, regulatory and emissions requirements in global shipping. The move is part of Pacific Basin’s wider decarbonisation and optimisation strategy, aimed at strengthening the company’s position …
https://splash247.com/pacific-basin-reshapes-bunker-unit-into-sustainable-energy-solutions-team/
https://splash247.com/pacific-basin-reshapes-bunker-unit-into-sustainable-energy-solutions-team/Wallenius Wilhelmsen has extended two major shipping contracts that together carry an estimated added value close to $500m. Chief customer officer Pia Synnerman said the renewals underscore “long and strong standing partnerships with shared commitment towards zero emissions and developing integrated supply chains”. The first agreement, with a leading premium European carmaker, has been prolonged …
https://splash247.com/wallenius-wilhelmsen-locks-in-nearly-500m-in-contract-extensions/
https://splash247.com/wallenius-wilhelmsen-locks-in-nearly-500m-in-contract-extensions/Emergency response services were put on alert in the English Channel after 18 containers fell overboard from Seatrade’s reefer containership Baltic Klipper during heavy weather on Saturday. Images of containers and plenty of bananas washing up on English shorelines were carried by UK media across the weekend. An investigation is likely to determine whether the …
https://splash247.com/containers-fall-overboard-in-english-channel/
https://splash247.com/containers-fall-overboard-in-english-channel/To add to the complications brought about by Ukraine’s renewed maritime attack campaign in and around the Black Sea, shipowners and charterers planning to call at Russian ports should brace for delays and heavy regulatory friction after Moscow introduced sweeping new entry rules for foreign vessels, the American Club has warned in an update to …
https://splash247.com/fsb-clearance-and-underwater-checks-slow-russian-port-calls/
https://splash247.com/fsb-clearance-and-underwater-checks-slow-russian-port-calls/The race to acquire state-controlled South Korean flagship HMM is heating up once again. Two years after the first sale attempt failed, Dongwon Group, South Korea’s largest fishing company, has signalled its renewed interest, stirring up the market. Although the company’s valuation has soared to as much as KRW10trn ($6.8bn), steelmaker POSCO, HD Hyundai, Hanwha …
https://splash247.com/bidders-circle-again-as-dongwon-revives-hunt-for-hmm/
https://splash247.com/bidders-circle-again-as-dongwon-revives-hunt-for-hmm/South Korea’s HD Hyundai has signed a partnership with the Tamil Nadu state government regarding the establishment of a new $2bn shipyard in Madurai in southern India. The Thoothukudi region of Tamil Nadu already hosts major Korean companies such as Hyundai Motor and Samsung Electronics, and large-scale investments are planned for nearby port facilities. The Indian …
https://splash247.com/hd-hyundai-readies-2bn-giant-yard-in-southern-india/
https://splash247.com/hd-hyundai-readies-2bn-giant-yard-in-southern-india/Crude oil production in the United States is booming, reports Poten & Partners in its weekly opinion.According to the U.S. Energy Information Administration, U.S. Field Production of Crude Oil reached 13.8 Million barrels per day (Mb/d) in September 2025…
https://www.marinelink.com/news/us-oil-production-growth-potential-533210
https://www.marinelink.com/news/us-oil-production-growth-potential-533210