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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, fell on Tuesday on weaker rates for large vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 23 points, or 1.2%, at 1,952. The capesize index lost 71 points, or 1.9%, to ...
https://www.hellenicshippingnews.com/baltic-index-down-on-weaker-rates-for-large-vessels/
https://www.hellenicshippingnews.com/baltic-index-down-on-weaker-rates-for-large-vessels/Ship owners were quite active in the dry bulk newbuilding market last week. In its latest weekly report, shipbroker Banchero Costa said that “the Greek company DryDel ordered an Ultramax 64,000 dwt at Imabari. No price was disclosed, delivery is set for Jun 2028. Fujian Mawei secured an order from COSCO Shipping for 15 x ...
https://www.hellenicshippingnews.com/more-newbuilding-contracts-for-dry-bulk-carriers/
https://www.hellenicshippingnews.com/more-newbuilding-contracts-for-dry-bulk-carriers/With wind-assist technology going mainstream, South Korea’s largest shipbuilding group has debuted its only sail system. HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai, has unveiled its Hi-Wing, a prototype of which has gone through land trials, and will shortly be tested at sea on an MR tanker belonging to HMM, …
https://splash247.com/south-koreas-top-shipyard-debuts-its-own-sail-device/
https://splash247.com/south-koreas-top-shipyard-debuts-its-own-sail-device/A collision occurred at 1:14 am Dubai time overnight between two tankers, the Antigua Barbuda-flagged Adalynn suezmax, part of the shadow fleet, and the Liberian-flagged Front Eagle VLCC, near the Khorfakkan anchorage in the Gulf of Oman. The impact resulted in a fire aboard the Adalynn and prompted the swift evacuation of its entire crew. …
https://splash247.com/laden-frontline-vlcc-collides-with-shadow-aframax-tanker-off-khorfakkan/
https://splash247.com/laden-frontline-vlcc-collides-with-shadow-aframax-tanker-off-khorfakkan/Japanese shipping giant Mitsui OSK Lines (MOL), Malaysian state energy firm Petronas and the country’s top shipping line, MISC, have launched a joint venture to build and operate liquefied carbon dioxide (LCO2) carriers. The JV called Jules Nautica will aim to become a leading owner of LCO2 carriers, facilitating the transportation of LCO2 to designated …
https://splash247.com/mol-petronas-and-misc-launch-liquefied-co2-shipping-venture/
https://splash247.com/mol-petronas-and-misc-launch-liquefied-co2-shipping-venture/Nasdaq-listed Greek tanker owner and operator Performance Shipping has entered into a long-term time charter contract with Mercuria Energy Trading for a newbuilding LR1 tanker. Mercuria chartered the tanker for a firm period of four years, through early 2031, at a daily gross charter rate of $23,750. The vessel is the fourth tanker newbuild to …
https://splash247.com/performance-shipping-charters-out-lr1-newbuild-to-mercuria/
https://splash247.com/performance-shipping-charters-out-lr1-newbuild-to-mercuria/RenewableUK and the Offshore Wind Industry Council (OWIC) have released a new report showing that the number of people working in the offshore wind industry has risen from just over 32,000 two years ago to nearly 40,000 today – an increase of…
https://www.marinelink.com/news/uk-offshore-wind-industry-employs-people-526939
https://www.marinelink.com/news/uk-offshore-wind-industry-employs-people-526939Korean Register (KR) signed a MOU with HD Hyundai Samho to jointly develop AI-based solutions for ship design and analysis.This is a part of a broader digital transformation strategy aimed at enhancing design productivity and strengthening the…
https://www.marinelink.com/news/kr-hd-hyundai-samho-explore-ai-ship-526940
https://www.marinelink.com/news/kr-hd-hyundai-samho-explore-ai-ship-526940PETRONAS CCS Ventures Sdn. Bhd. (PCCSV) MISC Berhad (MISC), and Mitsui O.S.K. Lines, Ltd., (MOL) announced the incorporation of a strategic joint venture (JV), Jules Nautica Sdn. Bhd. This JV will lead the development and act as the ultimate owner of Liquefied Carbon Dioxide (LCO₂) carriers…
https://www.marinelink.com/news/petronas-misc-mol-ink-jv-pioneer-co-526941
https://www.marinelink.com/news/petronas-misc-mol-ink-jv-pioneer-co-526941Ocean Network Express (ONE) named the 13,900-TEU ONE Singapore, the sixth vessel in a series of 20 ammonia/methanol ready container vessels. The naming ceremony took place at the Hiroshima Shipyard of Imabari Shipbuilding Co. Ltd. in Japan,…
https://www.marinelink.com/news/shipbuilding-one-singapore-joins-fleet-526944
https://www.marinelink.com/news/shipbuilding-one-singapore-joins-fleet-526944