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Dr. Rosalie Balkin, Secretary-General of the Comité Maritime International (CMI) and former Director of Legal Affairs and External Relations Division at the International Maritime Organization (IMO), has been named the recipient of the International Maritime Prize for 2024.
https://www.marinelink.com/news/rosalie-balkin-receive-international-527828
https://www.marinelink.com/news/rosalie-balkin-receive-international-527828Iron ore prices have been a model of stability in recent months despite the increasing clouds over the outlook for the key steel raw material.The benchmark Singapore Exchange contract ended at $95.25 a metric ton on Monday, down from $95.89…
https://www.marinelink.com/news/iron-ore-calm-face-china-uncertainty-us-527832
https://www.marinelink.com/news/iron-ore-calm-face-china-uncertainty-us-527832Today, Thursday, July 10 2025, the Baltic Dry Index decreased by 8 points, reaching 1423 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-1423-down-8-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1423-down-8-points/Norwegian vessel owner Solstad Offshore has signed a contract with Brazilian state-owned oil and gas giant Petrobras for the charter of an AHTS vessel. The deal for the 2007-built anchor handler Normand Turquesa was awarded to the company in early May. At the time, the company said that the contract was subject to board approval. …
https://splash247.com/solstad-offshore-firms-up-84m-ahts-deal-with-petrobras/
https://splash247.com/solstad-offshore-firms-up-84m-ahts-deal-with-petrobras/The UK government has signed a partnership with Japan’s Sumitomo Corporation’s which will facilitate a £7.5bn ($10.2bn) investment into the country’s offshore wind and hydrogen projects by 2035. This will significantly increase long-term business investment into key growth sectors following the publication of the UK’s Modern Industrial Strategy and the 10-Year Infrastructure Strategy. This latest …
https://splash247.com/uk-and-sumitomo-sign-10bn-deal-for-offshore-wind-and-hydrogen-projects/
https://splash247.com/uk-and-sumitomo-sign-10bn-deal-for-offshore-wind-and-hydrogen-projects/Turkey’s state oil company TPAO has bought two sister drillships from Norway’s Eldorado Drilling. The company bought the 2014-built West Draco and her sister 2015-built West Dorado drillships, and will look to use them in Libya and southern Turkey. The pair will join the four other TPAO drillships, Fatih, Yavuz, Kanuni and Abdulhamid Han. All …
https://splash247.com/turkeys-tpao-buys-drillship-pair-from-eldorado-drilling/
https://splash247.com/turkeys-tpao-buys-drillship-pair-from-eldorado-drilling/Abu Dhabi’s Al Seer Marine has bolstered its capital structure, securing a $207m financing facility from Abu Dhabi Commercial Bank (ADCB) to support diversified fleet growth and strategic investments. The ADX-listed subsidiary of the International Holding Company (IHC) said the eight-year loan is backed by first-priority mortgages on a selected group of operating vessels. The …
https://splash247.com/al-seer-marine-secures-207m-in-funding-to-spearhead-tanker-expansion/
https://splash247.com/al-seer-marine-secures-207m-in-funding-to-spearhead-tanker-expansion/Chinese bulker owner Fujian Highton Development is pressing ahead with its fleet expansion, earmarking $65m for fresh acquisitions in the secondhand market. The fast-growing Shanghai-listed company revealed in a stock exchange filing that it intends to deploy the capital to acquire additional bulk carriers, as it continues to scale up its owned tonnage. Founded in …
https://splash247.com/fujian-highton-readies-65m-for-bulker-fleet-expansion/
https://splash247.com/fujian-highton-readies-65m-for-bulker-fleet-expansion/Irene Rosberg, programme director of the Blue MBA at Copenhagen Business School, writes for Splash today. Leadership in the maritime industry is being tested like never before. While ships navigate increasingly complex trade routes and operational risks, the same must be demanded of those guiding the industry from the boardroom. Yet many of those boardrooms …
https://splash247.com/why-shipping-needs-a-new-breed-of-executive/
https://splash247.com/why-shipping-needs-a-new-breed-of-executive/While the Red Sea has roared back to the front pages of the shipping press this week, and the Black Sea remains blighted by war, one other chokepoint that has caused supply chain chaos in recent years has reported that it is operating at full capacity. The Panama Canal, which suffered severe drought for around …
https://splash247.com/panama-canal-rebounds-as-container-and-lpg-volumes-rise/
https://splash247.com/panama-canal-rebounds-as-container-and-lpg-volumes-rise/