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Capesize The market maintained a broadly positive trajectory throughout the week, with the BCI 5TC building on its opening level and rising from $42,105 to $48,399, as Atlantic strength and a firmer Pacific combined to underpin sentiment. In the Pacific, initial gains were checked by a brief correction on Tuesday, but the market quickly regained ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-retain-positive-momentum/
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-retain-positive-momentum/Iran condemned the United States' new economic sanctions on Friday as "state terrorism" and said other countries were legally obliged not to implement them, while the U.S. Treasury Department announced additional targeted Iran-related measures.The…
https://www.marinelink.com/news/iran-condemns-new-us-sanctions-mediators-542530
https://www.marinelink.com/news/iran-condemns-new-us-sanctions-mediators-542530The Baltic Exchange’s dry bulk freight index rose 2.5% to 3,186 on Friday, extending its winning streak to seven sessions and reaching its highest level since June 2. The index measures freight rates for vessels carrying dry bulk commodities across the Capesize, Panamax and Supramax segments. Gains were broad-based, led by the bigger size segment. ...
https://www.hellenicshippingnews.com/baltic-dry-index-extends-rally-into-7th-day/
https://www.hellenicshippingnews.com/baltic-dry-index-extends-rally-into-7th-day/In its latest weekly report, shipbroker Banchero Costa said that “2025 was another positive year for global seaborne iron ore trade. In Jan-Dec 2025, global loadings of iron ore increased by +3.5% y-o-y to 1,732.0 mln tonnes, based on AXS Marine vessel tracking data. 2026 has continued on a positive note, with export volumes up ...
https://www.hellenicshippingnews.com/dry-bulk-market-australian-iron-ore-exports-on-the-rise/
https://www.hellenicshippingnews.com/dry-bulk-market-australian-iron-ore-exports-on-the-rise/Frontline has taken advantage of the red-hot VLCC market to lock four ships into term charters, securing rates of up to $120,000 per day and adding longer-term earnings cover at levels rarely seen in the sector. The John Fredriksen-backed tanker giant has fixed two newly delivered VLCCs for one year each at $120,000 per day. …
https://splash247.com/frontline-secures-multi-year-cover-for-vlcc-quartet/
https://splash247.com/frontline-secures-multi-year-cover-for-vlcc-quartet/Ardmore Shipping has taken up its final two options at China’s Wuhu Shipyard, lifting its product and chemical tanker newbuilding programme to six ships worth around $269m. The New York-listed owner has exercised options for another two 40,500 dwt handysize tankers, with the latest pair contracted on similar terms to the four ships already on …
https://splash247.com/ardmore-maxes-out-wuhu-tanker-series/
https://splash247.com/ardmore-maxes-out-wuhu-tanker-series/Himalaya Shipping has pushed its fixed-rate cover into 2027, converting two more index-linked newcastlemax charters to an average $53,000 per day. The Tor Olav Trøim-backed owner has locked the pair from September 1 through March 31 next year. The ships and charterers were not disclosed. The seven-month conversion represents around $22.5m of gross hire across …
https://splash247.com/himalaya-pushes-rate-cover-into-2027/
https://splash247.com/himalaya-pushes-rate-cover-into-2027/Four European and Canadian shipowners have teamed up on a fresh four-ship product tanker order in China, taking Furetank’s long-running Vinga series to 26 vessels. Two of the 17,999 dwt newbuilds will go to FureBear, the 50/50 joint venture between Sweden’s Furetank and Canada’s Algoma Central Corporation. Swedish owner Älvtank is taking another, while Norway’s …
https://splash247.com/multi-owner-tanker-order-lands-at-china-merchants/
https://splash247.com/multi-owner-tanker-order-lands-at-china-merchants/Greek owner Enesel has added a newcastlemax to its rapidly expanding dry bulk orderbook, taking its return to the sector to nine newbuildings little more than a year after exiting the market. The Lemos family-controlled company has lined up a 210,000 dwt ship at Hengli Shipbuilding in Dalian for delivery in November 2028. Enesel has …
https://splash247.com/enesel-adds-newcastlemax-newbuild-to-dry-bulk-comeback/
https://splash247.com/enesel-adds-newcastlemax-newbuild-to-dry-bulk-comeback/Iran is preparing a list of conditions for reopening the Strait of Hormuz after mediators asked Tehran to set them out, said Mohsen Rezaei, secretary of Iran's Supreme National Security Council, adding that ending the regional war was among…
https://www.marinelink.com/news/iran-outlines-terms-restoring-hormuz-542504
https://www.marinelink.com/news/iran-outlines-terms-restoring-hormuz-542504