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The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose on Friday to a one-month high and logged a small weekly gain, supported by higher vessel rates across all segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 48 points, ...
https://www.hellenicshippingnews.com/baltic-index-rises-to-one-month-high-on-strong-vessel-rates/
https://www.hellenicshippingnews.com/baltic-index-rises-to-one-month-high-on-strong-vessel-rates/Prosafe has landed another extension for the accommodation unit Safe Caledonia after Ithaca Energy opted for an additional seven weeks of work at the Captain field in the UK North Sea. The latest extension — worth about $6.4m — will keep the 1982-built, 2012-upgraded semisubmersible on site through early February 2026. It follows a two-week …
https://splash247.com/prosafe-flotel-secures-further-extension-in-uk-north-sea/
https://splash247.com/prosafe-flotel-secures-further-extension-in-uk-north-sea/Norwegian offshore vessel owner Solstad Maritime has won a contract for one of its Normand Ocean construction support vessels (CSV) with compatriot ocean services player DeepOcean. The contract has a firm duration of three years, plus two one-year options, and is scheduled to commence in the first quarter of 2027. Solstad announced a five-year firm …
https://splash247.com/solstad-bags-three-year-csv-contract-with-deepocean/
https://splash247.com/solstad-bags-three-year-csv-contract-with-deepocean/As shipping digitalises and decarbonises, training is failing to keep pace. For all the talk of transformation, maritime training is falling behind. While simulators, gamified courses, and online academies multiply, the fundamentals remain out of sync with modern shipping. Across the industry, executives see an urgent need to modernise not only what seafarers learn, but …
https://splash247.com/the-gaps-in-todays-training-environment/
https://splash247.com/the-gaps-in-todays-training-environment/Claudia Paschkewitz, director of sustainability, inclusion and diversity at Columbia Group, writes for Splash today. Diversity that begins and ends with gender is not diversity at all. It is only one piece of a much bigger picture. Whenever the maritime industry talks about diversity, the conversation almost always starts with gender. That is understandable, because …
https://splash247.com/why-maritimes-diversity-conversation-must-go-beyond-gender/
https://splash247.com/why-maritimes-diversity-conversation-must-go-beyond-gender/Arkas Holding, the parent of Turkey’s largest liner, has taken a significant step in its shipping and logistics growth plans after securing a $335m syndicated loan facility led by the World Bank Group’s International Finance Corporation (IFC). The Turkish group will receive $260.3m in the first tranche, arranged with the participation of several international finance …
https://splash247.com/arkas-seals-ifc-led-financing-as-expansion-gathers-pace/
https://splash247.com/arkas-seals-ifc-led-financing-as-expansion-gathers-pace/The Houthis officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a letter sent to Hamas’s military wing, Kata’ib al-Qassam, by the newly appointed Houthi chief of staff, Yousef Hassan Al-Madani, who succeeded Mohammed Al-Ghamari after he died …
https://splash247.com/splash-wrap-flows-shift-again/
https://splash247.com/splash-wrap-flows-shift-again/Ukrainian forces mounted a large drone strike on Novorossiysk early Friday, damaging a ship in port, hitting apartment blocks, and igniting a blaze at one of Russia’s most important oil terminals in the Black Sea – the latest in a growing series of attacks on Russian coastal infrastructure. Regional officials in Krasnodar said three crewmembers …
The amount of oil stranded on tankers worldwide has ballooned in recent months, with Russian barrels making up an outsized share of the floating glut as sanctions upend traditional trade flows. Analysts at Vortexa, Kpler and OilX estimate that roughly 1bn barrels are now sitting at sea, and around 40% of the recent build-up comes …
https://splash247.com/sanctions-spur-surge-in-russian-oil-languishing-at-sea/
https://splash247.com/sanctions-spur-surge-in-russian-oil-languishing-at-sea/Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, entered into a three-year service level agreement (SLA) with Aker QRILL Company, a leader in krill harvesting. The contract covers a fleet of four krill harvesting vessels and two…
https://www.marinelink.com/news/vard-electro-inks-service-pact-krill-532471
https://www.marinelink.com/news/vard-electro-inks-service-pact-krill-532471