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Capesize The Capesize market showed signs of stabilisation this week following a period of softness, with improvements in the Pacific basin and a more balanced Atlantic. In the Pacific, C5 rates gradually firmed, rising from $6.90 early in the week to $7.44 by week’s end. All three major miners were active and fixing volumes increased, ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-segment-stabilized-last-week/
https://www.hellenicshippingnews.com/dry-bulk-market-capesize-segment-stabilized-last-week/Prices of iron ore futures extended gains on Friday, notching a second consecutive weekly rise, driven by improved market sentiment after officials in top consumer China called to curb aggressive price competition. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.62% higher at 732.5 yuan ($102.25) a metric ...
https://www.hellenicshippingnews.com/iron-ore-logs-second-weekly-gain-as-china-signals-crackdown-on-price-wars/The Baltic Exchange’s main sea freight index, which monitors rates for vessels transporting dry bulk commodities, edged up on Friday but registered its third consecutive weekly loss, pressured by weak capesize rates. The main index was up 2 points, or 0.1%, at 1,436, snapping a seven-day losing streak. However, the index was down 5.6% on ...
https://www.hellenicshippingnews.com/baltic-index-loses-ground-for-third-straight-week-on-lower-capesize-demand/Marine construction contractor Ocean Installer, a Moreld subsidiary, has won two new contracts for the North Sea Giant subsea construction vessel. The 2011-built vessel will be used in the offshore wind market for cable repair and cable installation gigs. The contracts are expected to take approximately three months of offshore work to complete. Mobilisation for …
https://splash247.com/ocean-installer-vessel-scores-offshore-wind-cabling-work/
https://splash247.com/ocean-installer-vessel-scores-offshore-wind-cabling-work/Today, Thursday, July 4 2025, the Baltic Dry Index climbed by 2 points, reaching 1436 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-climbs-to-1436-up-2-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1436-up-2-points/Offshore accommodation vessel specialist Floatel International has won more work for the Floatel Triumph offshore Australia. The assignment is scheduled to last approximately 35 days, with the option for the unnamed client to extend. The expected start date is the fourth quarter of 2026. Financial terms have not been divulged. The deal comes several months …
https://splash247.com/floatel-international-pens-new-vessel-deal-in-australia/
https://splash247.com/floatel-international-pens-new-vessel-deal-in-australia/SED Energy Holdings, a company recently created through the merger of SeaBird Exploration and Energy Drilling, has signed a contract with Thailand’s PTTEP for one of its drilling rigs. The contract, awarded to the company’s wholly owned subsidiary Energy Drilling, is for an offshore drilling campaign using the 2014-built EDrill-2 tender-assist drilling rig. The signing …
https://splash247.com/energy-holdings-firms-up-five-year-drilling-contract-with-pttep/
https://splash247.com/energy-holdings-firms-up-five-year-drilling-contract-with-pttep/South Korea’s Samsung Heavy Industries is set to deepen its footprint in Southeast Asia through a newly announced strategic partnership with PetroVietnam, marking a significant step in Vietnam’s ambitions to become a regional shipbuilding hub. The collaboration will focus on the construction of oil and chemical tankers at Vietnamese yards, leveraging Samsung Heavy’s design and …
https://splash247.com/samsung-heavy-teams-up-with-petrovietnam-to-build-tankers-in-vietnam/
https://splash247.com/samsung-heavy-teams-up-with-petrovietnam-to-build-tankers-in-vietnam/The Competition Authority of Kenya (CAK) has launched an investigation into several multinational companies operating in Kenya’s shipping and logistics sector over allegations of market abuse, collusion, and discriminatory practices that have marginalised local players. The investigation follows complaints by the Kenya Transporters Association and the Kenya International Freight and Warehousing Association. The associations claim …
https://splash247.com/kenya-launches-liner-anti-trust-investigation/
https://splash247.com/kenya-launches-liner-anti-trust-investigation/The port of Odesa endured another devastating missile strike yesterday, resulting in the deaths of two individuals and injuries to six others, including two foreign nationals working on a , Sao Tome & Principe general cargo ship. The missile struck the berth where the vessel was unloading a shipment of metal, according to Ambrey, a …
https://splash247.com/two-dead-six-injured-in-latest-russian-missile-attack-on-odesa-port/
https://splash247.com/two-dead-six-injured-in-latest-russian-missile-attack-on-odesa-port/