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The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday as the capesize segment hit its lowest in three weeks. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 11 points, or 0.6%, to 1,890. The capesize index dipped 66 ...
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-hits-three-week-low/
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-hits-three-week-low/Wah Kwong Maritime Transport has joined Tankers International, the world’s largest shipping pool for VLCCs. The UK-based VLCC pool operator said Hong Kong’s diversified shipowner has committed its 2013-built Hong Kong Spirit to its scrubber pool. The 318,700 dwt vessel joined the VLCC pool, which has an average fleet age of 11.2 years, in September. …
https://splash247.com/wah-kwong-enters-tankers-international-vlcc-pool/
https://splash247.com/wah-kwong-enters-tankers-international-vlcc-pool/Swedish shipowner Furetank has named Björn Stignor as the company’s new chief executive officer. Stignor will take the helm at the Höglund family-owned shipping company on October 1, succeeding long-serving supremo Lars Höglund who will continue as chairman of the board. After almost three decades of leadership, Höglund will continue his engagements in the company …
https://splash247.com/bjorn-stignor-taking-over-from-lars-hoglund-as-ceo-of-furetank/
https://splash247.com/bjorn-stignor-taking-over-from-lars-hoglund-as-ceo-of-furetank/Italy’s Saipem has won a new offshore contract worth around $2bn from Saudi Aramco, for the development of the Marjan field in Saudi Arabia. The work scope covers the engineering, procurement, construction and installation (EPCI) of wellhead platforms’ topsides, wellhead platforms’ jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fiber optic …
https://splash247.com/saipem-lands-2bn-contract-with-saudi-aramco/
https://splash247.com/saipem-lands-2bn-contract-with-saudi-aramco/Milan-listed product tanker owner and operator d’Amico International Shipping (DIS) has clinched a new charter deal for one of its MR2 vessels. The Carlos di Mottola-led company has fixed the unnamed tanker to “a reputable counterparty” for two years, starting at the end of September. The rate was not disclosed, but DIS said it was …
https://splash247.com/damico-scores-another-lucrative-tanker-charter/
https://splash247.com/damico-scores-another-lucrative-tanker-charter/ClassNK has granted its Innovation Endorsement for Products and Solutions to monitoring service for ocean vessel motors, V-MO, developed by Asahi Kasei Engineering Corporation.ClassNK has confirmed that the DSS notations (MM, CNS, SM), which indicate ships with advanced digital technology…
https://www.marinelink.com/news/asahi-kaseis-vessel-motors-monitoring-517175
https://www.marinelink.com/news/asahi-kaseis-vessel-motors-monitoring-517175American Bureau of Shipping (ABS) and Nippon Kaiji Kyokai (ClassNK) have issued approvals in principle (AiPs) for two types of low-pressure type liquefied CO2 (LCO2) carriers developed jointly by Japan’s industry majors.The LCO2 carriers have been developed by Mitsui O.S.K.
https://www.marinelink.com/news/japanese-shipping-majors-secure-aips-two-517182
https://www.marinelink.com/news/japanese-shipping-majors-secure-aips-two-517182“Between January and August 2024, the number of recycled ships has dropped 42% y/y, the second lowest level in 16 years. The market has seen high freight rates and strong demand, delaying the recycling of older ships. On the supply side, the fleet has continued to grow slowly…
https://www.marinelink.com/news/bulk-carrier-scrapping-plummets-517183
https://www.marinelink.com/news/bulk-carrier-scrapping-plummets-517183Nippon Yusen Kabushiki Kaisha (NYK) and Oono Development Co., Ltd. agreed to jointly study the commercialization of ship recycling, in which ships and large offshore structures are dismantled in Japan and recycled as steel scrap and other materials.
https://www.marinelink.com/news/nyk-oono-development-ink-mou-ship-517184
https://www.marinelink.com/news/nyk-oono-development-ink-mou-ship-517184KR (Korean Register) has awarded an Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for its 9,300 TEU ammonia-fueled container ship.The development of the 9,300 TEU ammonia-fueled container vessel marks a key step in advancing ammonia fueled propulsion technology…
https://www.marinelink.com/news/kr-approves-design-shis-teu-ammoniafueled-517186
https://www.marinelink.com/news/kr-approves-design-shis-teu-ammoniafueled-517186