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A joint U.S. and Japanese military exercise will see the temporary deployment of the "Typhon" intermediate-range missile in Japan, Japanese and U.S. officials said on Thursday, a move likely to anger China.The Typhon system is part of a drive…
https://www.marinelink.com/news/joint-military-exercise-us-typhon-missile-529417
https://www.marinelink.com/news/joint-military-exercise-us-typhon-missile-529417Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. officials say aims to address threats from Latin American drug cartels.U.S. President Donald…
https://www.marinelink.com/news/tensions-rise-us-warships-arrive-southern-529422
https://www.marinelink.com/news/tensions-rise-us-warships-arrive-southern-529422Today, Thursday, August 28 2025, the Baltic Dry Index decreased by 29 points, reaching 2017 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-falls-to-2017-down-29-points-2/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2017-down-29-points-2/China has placed curbs on coal production following an unexpected supply increase in the first half of the year that weighed on prices, according to an official of a major mining firm and analysts. China’s output in July dipped to the lowest level in over a year. It had risen more than 5% year-on-year in ...
https://www.hellenicshippingnews.com/china-is-capping-coal-production-to-support-prices-top-miner-and-analysts-say/Prices of iron ore futures hit a two-week high on Thursday, bolstered by China’s push to lower steel output as it tackles overcapacity. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended up 1.74% at 790.5 yuan ($110.51) a metric ton, the highest since August 14. The contract has risen 1.5% ...
https://www.hellenicshippingnews.com/iron-ore-hits-two-week-high-as-china-pushes-to-cut-steel-output/Exports volumes of major bulk, made up of iron ore, coal, or grains, remained flat m/m in July but edged 2% higher than the same period last year. Iron ore and grain exports drove this, as coal exports fell in July, continuing the weak performance of the commodity for much of 2025 so far. A ...
https://www.hellenicshippingnews.com/monthly-major-bulk-radar-slower-chinese-growth-forecast-in-2025-q3-and-q4/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday due to weaker capesize rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, slipped 29 points, or 1.4%, to 2,017 points. The capesize index was down 105 points, or 3.5%, at ...
https://www.hellenicshippingnews.com/baltic-index-slips-on-weaker-capesize-rates-3/
https://www.hellenicshippingnews.com/baltic-index-slips-on-weaker-capesize-rates-3/Offshore engineering and services player Subsea 7 has been awarded a contract by the Turkish Petroleum Offshore Technology Centre for work on the Sakarya field. The project was awarded for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Turkey. Subsea 7’s scope includes engineering, procurement, construction, and installation …
https://splash247.com/subsea-7-bags-epci-work-on-turkish-field-in-the-black-sea/
https://splash247.com/subsea-7-bags-epci-work-on-turkish-field-in-the-black-sea/Offshore jackup rig player Borr Drilling has secured three new contracts for two of its units. In the North Sea, the 2013-built Prospector 1 has received separate binding letters of award from Dana Petroleum and ONE-Dyas in the Netherlands. The Dana Petroleum commitment is for one well, with an anticipated duration of 30 days, scheduled …
https://splash247.com/borr-drilling-nets-hat-trick-of-jackup-deals/
https://splash247.com/borr-drilling-nets-hat-trick-of-jackup-deals/Singapore shipyard group Seatrium has won a contract to upgrade Golar’s Hilli Episeyo FLNG unit. The project involves technical modifications for the FLNG’s redeployment. The unit is scheduled to enter the yard in the third quarter of 2026. The scope of work includes engineering and procurement of long-lead items, repair, life extension, and winterisation of …
https://splash247.com/seatrium-secures-golar-contract-for-major-flng-upgrade/
https://splash247.com/seatrium-secures-golar-contract-for-major-flng-upgrade/