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Wallenius Wilhelmsen has clinched a major logistics contract in Australia with a leading automotive manufacturer, expected to bring in revenues of more than $100m. The Oslo-listed roro and logistics group will provide vehicle processing services across Melbourne, Brisbane and Perth under a three-plus-one-year deal. Pia Synnerman, chief commercial officer at Wallenius Wilhelmsen, noted the deal …
https://splash247.com/wallenius-wilhelmsen-wins-100m-deal-in-australia/
https://splash247.com/wallenius-wilhelmsen-wins-100m-deal-in-australia/Monaco-headquartered product carrier major Scorpio Tankers has secured a five-year charter for one of its LR2 product carriers at a rate of $28,350 per day. The New York-listed owner said the 2014-built, 110,000 dwt STI Orchard has been fixed to an undisclosed charterer, with the contract starting in the third quarter of 2025. The deal …
https://splash247.com/scorpio-tankers-boosts-coverage-with-lr2-charter-out-deal/
https://splash247.com/scorpio-tankers-boosts-coverage-with-lr2-charter-out-deal/China’s Chenxin Shipping has taken the plunge into vessel ownership with an order for four newbuild containerships, signalling the young carrier’s intent to shift from slot-sharing to controlling its own tonnage. The 2023-established company has contracted two 4,350 teu ships and two 1,900 teu feeders, with deliveries scheduled for 2028. The deal also carries options …
https://splash247.com/young-chinese-carrier-moves-into-ownership-with-boxship-newbuilds/
https://splash247.com/young-chinese-carrier-moves-into-ownership-with-boxship-newbuilds/Greek owner Evalend Shipping has bolstered its suezmax newbuilding orderbook in South Korea, with two additional units lined up for construction at HD Hyundai Samho. Shipbuilding sources have named the Kriton Lendoudis-led company behind the recently announced order for a pair of 157,000 dwt newbuilds with delivery expected in October and December 2027. The scrubber-fitted …
https://splash247.com/evalend-swells-suezmax-orderbook-in-south-korea/
https://splash247.com/evalend-swells-suezmax-orderbook-in-south-korea/Capesize The Capesize market experienced a shifting sentiment over the week, starting on a steady but subdued note before softening midweek, before gradually improving across both basins with renewed support towards the close. In the Pacific, consistent miner and operator activity underpinned the market, although C5 fixtures largely held within the $9.95 to low $10.00 ...
https://www.hellenicshippingnews.com/capesize-market-experiences-market-shift-last-week/
https://www.hellenicshippingnews.com/capesize-market-experiences-market-shift-last-week/India could build its third nuclear powered aircraft carrier as part of a 15-year defence modernization plan announced today that also includes the use of Indian-made fighter jets by the navy for the first time.Bordered by rivals China and Pakistan…
https://www.marinelink.com/news/india-mulls-building-third-nuclear-529675
https://www.marinelink.com/news/india-mulls-building-third-nuclear-529675The Baltic Exchange’s dry bulk sea freight index rose on Friday, supported by higher rates for larger vessels, but was headed for a weekly loss due to declines across all vessel segments earlier in the week. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, increased by 16 points, or ...
https://www.hellenicshippingnews.com/baltic-index-rises-on-larger-vessel-rates-but-posts-weekly-decline/China’s coal imports have been retreating so far in 2025. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Jul 2025, global seaborne coal loadings declined by -6.3% y-o-y to 732.2 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Jul 2025, exports from Indonesia declined by -12.7% y-o-y ...
https://www.hellenicshippingnews.com/dry-bulk-market-coal-imports-down-so-far-in-2025/
https://www.hellenicshippingnews.com/dry-bulk-market-coal-imports-down-so-far-in-2025/Oslo-listed Jinhui Shipping and Transportation has struck a deal to sell the 2008-built supramax bulker Jin Rong for $11.93m, continuing its clear-out of older tonnage. The 58,700 dwt vessel, built at Tsuneishi Cebu in the Philippines, is heading to Hong Kong-registered Liuliu Shun Shipping. The sale is slated to close by mid-October, leaving Jinhui with …
https://splash247.com/jinhui-continues-supramax-selloff/
https://splash247.com/jinhui-continues-supramax-selloff/Equinor has exercised its option to extend the firm period of the contract for two of DOF’s platform supply vessels (PSVs).Equinor extended contracts for Skandi Flora and Skandi Mongstad PSVs.The extension is applicable from October 2025, according…
https://www.marinelink.com/news/equinor-extends-stay-dofs-two-psvs-529657
https://www.marinelink.com/news/equinor-extends-stay-dofs-two-psvs-529657