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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, dipped on Tuesday due to a decline in capesize rates, after scaling a seven-month high in the previous session. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 11 points, or 0.6%, to 1,680. ...
https://www.hellenicshippingnews.com/baltic-index-slips-from-seven-month-peak-on-lower-capesize-rates/A new factor which could alter the current “status quo” in the global iron ore and dry bulk market is entering the foray. In its latest weekly report, shipbroker Intermodal said that “the long-awaited Simandou iron ore project in Guinea is poised to shift the global dynamics of iron ore supply and maritime trade. With ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-a-game-changer-in-the-iron-ore-market-is-entering-the-foray/Brazilian state-owned oil and gas company Petrobras has launched two tenders for an offshore wind pilot project off the coast of Rio de Janeiro state. One tender is for the acquisition and processing of geophysical data in ultra-shallow waters off São João da Barra. The acquisition, processing, and interpretation services will use electrical tomography, bathymetry, …
https://splash247.com/petrobras-launches-survey-tenders-for-offshore-wind-pilot-project/
https://splash247.com/petrobras-launches-survey-tenders-for-offshore-wind-pilot-project/COSCO Shipping Specialized Carriers is bringing in six multipurpose heavylift vessels in a deal with Bank of Communications Financial Leasing (BoComm Leasing). The Shanghai-listed unit of COSCO Shipping Group, with a diversified fleet of more than 150 ships, has signed up for 60,000 dwt units built at CSSC-affiliated Chengxi Shipyard. Under the agreement, COSCO Specialized …
https://splash247.com/cosco-shipping-specialized-carriers-seals-310m-deal-for-six-heavylift-ships/
https://splash247.com/cosco-shipping-specialized-carriers-seals-310m-deal-for-six-heavylift-ships/Greek bulker owner and operator DryDel Shipping is expanding its fleet with an ultramax newbuilding deal in Japan. The Costas Dellaportas-led company has penned a contract with Nihon Shipyard to see the 64,000 dwt vessel delivered in 2028. Financial terms have not been divulged. The order marks the 10th vessel in DryDel’s ongoing newbuilding program, …
https://splash247.com/drydel-inks-ultramax-order-in-japan/
https://splash247.com/drydel-inks-ultramax-order-in-japan/There are a few stories that I often tell when the subject of leadership in disasters is discussed. I figured I’d put them down on paper so I can stop repeating myself.It was pre OPA90, a single-skin tanker had run over a rock in the Port of New Jersey.
https://www.marinelink.com/news/maritime-salvage-disaster-response-526670
https://www.marinelink.com/news/maritime-salvage-disaster-response-526670Global insurer Allianz Commercial recently issued its 2025 Safety & Shipping Review, examining maritime risk trends and losses. The report revealed that the shipping industry has made significant improvements when it comes to maritime safety in recent years.
https://www.marinelink.com/news/shadow-dark-fleets-increasing-size-526671
https://www.marinelink.com/news/shadow-dark-fleets-increasing-size-526671AAL Shipping (AAL), a project cargo carrier, released its 2024 Sustainability Report, revealing the company has met 95% of its Environmental, Social, and Governance (ESG) objectives across global operations. The report, developed in alignment with Global Reporting Initiative (GRI) standards…
https://www.marinelink.com/news/aal-shipping-hits-esg-targets-526672
https://www.marinelink.com/news/aal-shipping-hits-esg-targets-526672MacGregor has secured a contract to supply an advanced anchor handling towing winch (AHTW) package for a series anchor handling tug supply (AHTS) vessels owned by SINOPACIFIC Engineering & Contracting (SPEC).The MacGregor AHTW package is designed…
https://www.marinelink.com/news/macgregor-supply-winch-package-specs-ahts-526673
https://www.marinelink.com/news/macgregor-supply-winch-package-specs-ahts-526673The rise of AI, regional innovation hotspots, and a wave of funding define this year’s maritime tech landscapeFor the third year running, the “Global Maritime Tech Startup Map” has been released—an evolving snapshot of the world’s most promising maritime software startups.
https://www.marinelink.com/news/ai-predictably-drives-maritime-startup-526674
https://www.marinelink.com/news/ai-predictably-drives-maritime-startup-526674