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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, rose about 1.8% to 3,031 points on Monday, reversing a 1.9% decrease in the prior session. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, advanced by 2.2% to its highest since March 2024 ...
https://www.hellenicshippingnews.com/baltic-dry-index-rebounds/
https://www.hellenicshippingnews.com/baltic-dry-index-rebounds/Guinean iron ore shipments breach 1.2mt for the first time as Simandou ramps up, with Brazil and Australia also seeing exports increase. China, so far, has absorbed the additional tonnage. Global iron ore flows reached more than 143mt in April 2026, up just under 7% y/y and m/m. China received 74% of the total flows, ...
https://www.hellenicshippingnews.com/simandou-ships-record-quantity-of-iron-ore-swelling-chinese-stocks/The Victoria state government has committed AUD 124.5m ($90.1m) in its 2026/27 budget to advance the proposed Renewable Energy Terminal at the Port of Hastings. This funding will progress the Environmental Effects Statement (EES) process for the first heavy-duty offshore wind port of its kind in Australia. The terminal is designed to enable onshore turbine …
https://splash247.com/victoria-commits-90m-to-progress-offshore-wind-port-at-port-of-hastings/
https://splash247.com/victoria-commits-90m-to-progress-offshore-wind-port-at-port-of-hastings/Martin Egvang has joined the newly formed Danish dry bulk operator Danbulk as its chairman of the board. Egvang was previously the CEO of Copenhagen-based shipowner and operator Lauritzen Bulkers. He stepped down from the role in March last year, citing stress issues. Before that, he was the CEO of another Danish operator, Integrity Bulk. …
https://splash247.com/former-lauritzen-boss-to-lead-board-of-danbulk/
https://splash247.com/former-lauritzen-boss-to-lead-board-of-danbulk/New Wave Offshore Energy has been selected by Shell to provide marine warranty survey services for the Orca project in Brazil’s pre-salt Santos Basin.The contract covers marine warranty and assurance services for the offshore development, which…
https://www.marinelink.com/news/shell-selects-new-wave-offshore-orca-539009
https://www.marinelink.com/news/shell-selects-new-wave-offshore-orca-539009Fugro has been awarded a major geotechnical survey contract by SSE for the Berwick Bank B offshore wind development in the North Sea off Scotland.Berwick Bank B forms part of the wider 4.1 GW Berwick Bank offshore wind project, which is being…
https://www.marinelink.com/news/fugro-gets-survey-job-scottish-offshore-539011
https://www.marinelink.com/news/fugro-gets-survey-job-scottish-offshore-539011Berg Propulsion has secured a contract to supply propulsion systems and electrical integration technology for two all-electric harbor tugs being built under India’s Green Tug Transition Program.The vessels are under construction by Mumbai-based KMEW Group on behalf of India’s Ministry of Ports…
https://www.marinelink.com/news/berg-propulsion-supply-systems-indias-539012
https://www.marinelink.com/news/berg-propulsion-supply-systems-indias-539012Vicinay Marine and Spanish applied research center Tecnalia have jointly developed a sensor designed to remotely monitor corrosion on offshore mooring lines, aiming to improve the safety, reliability and service life of offshore systems.The…
https://www.marinelink.com/news/vicinay-marine-tecnalia-develop-remote-539013
https://www.marinelink.com/news/vicinay-marine-tecnalia-develop-remote-539013Mitsubishi Heavy Industries (MHI) has completed an in-orbit demonstration of its AI-based object detection system AIRIS, which identified ships from satellite imagery using a next-generation space-grade microprocessor unit.The AIRIS system, short for Artificial Intelligence Retraining In Space…
https://www.marinelink.com/news/mitsubishi-heavy-industries-completes-539017
https://www.marinelink.com/news/mitsubishi-heavy-industries-completes-539017The marine pump specialist, Svanehoj, has further expanded its marine service and aftersales business in the Benelux region by acquiring H&K Services B.V., a Dutch company specializing in the service and repair of marine fuel and cargo gas pumps.
https://www.marinelink.com/news/hk-services-bv-acquired-svanehoj-539020
https://www.marinelink.com/news/hk-services-bv-acquired-svanehoj-539020