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Today, Friday, February 27 2026, the Baltic Dry Index climbed by 23 points, reaching 2140 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-climbs-to-2140-up-23-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2140-up-23-points/Singapore-based OceanSTAR Elite has entered into a long-term contract with Petronas Carigali for the provision of lease, operation, and maintenance of an FPSO unit. The contract was won via its Malaysian arm OceanSTAR Engineering Holding. The deal comprises a 15-year firm charter period with extension options, supporting the Petronas Carigali’s Sepat Integrated Redevelopment Project, offshore …
https://splash247.com/petronas-carigali-taps-singapore-firm-for-newbuild-fpso/
https://splash247.com/petronas-carigali-taps-singapore-firm-for-newbuild-fpso/Sweden’s Thun Tankers has ordered two purpose-built product carriers designed for restricted waterways and smaller ports. The Gothenburg-based operator, part of Erik Thun Group, said the vessels will be built at Dutch yard Ferus Smit for delivery in 2028 and 2029, without revealing the price tag. The ships will introduce the so-called “AccessMAX” design, tailored …
https://splash247.com/thun-tankers-books-custom-newbuilds-for-constrained-routes/
https://splash247.com/thun-tankers-books-custom-newbuilds-for-constrained-routes/National Fortune Shipping Group, a company incorporated in China on April 2, 2025, appears to be moving quickly to assemble a capesize platform, naming its first vessels NF Fortune and NF Future — signalling clear growth ambitions from the outset. According to shipbroking sources, the company made its opening move in late January, tabling $18.5m each for …
https://splash247.com/new-chinese-entrant-into-the-cape-sector/
https://splash247.com/new-chinese-entrant-into-the-cape-sector/Due to illness, Michael Behrendt, a long-term servant to German liner giant Hapag-Lloyd, is cutting back his role at the Hamburg firm. Behrendt, 74, who was Hapag-Lloyd’s CEO for 12 years through 2014, and has been chairman of the supervisory board since then, will now become an ordinary member of the board. Taking his place …
https://splash247.com/hapag-lloyd-chairman-michael-behrendt-steps-back-for-health-reasons/
https://splash247.com/hapag-lloyd-chairman-michael-behrendt-steps-back-for-health-reasons/New York tanker broker McQuilling has bought Madrid-based Medco Shipbrokers for an undisclosed sum, the latest in a period of significant consolidation for the shipbroking sector. “This integration enhances our combined market presence, broadens our service capabilities, and strengthens the value we deliver to clients and counterparties worldwide. By aligning our expertise, relationships, and market …
https://splash247.com/mcquilling-buys-spanish-broker/
https://splash247.com/mcquilling-buys-spanish-broker/Capital Tankers Corp has increased the size of its Oslo private placement to $500m after strong investor demand, ahead of a planned listing on Euronext Growth Oslo next month. The tanker owner, backed by Capital Maritime & Trading Corp, said the share sale was multiple times oversubscribed, prompting the board to raise the primary offering …
https://splash247.com/marinakis-tanker-spin-off-boosts-oslo-ipo/
https://splash247.com/marinakis-tanker-spin-off-boosts-oslo-ipo/As geopolitics reshapes trade routes and volatility becomes structural rather than cyclical, shipping’s traditional reliance on market recoveries is no longer enough. Eman Abdalla, managing partner of SeaThrew Marine, a maritime investment and advisory platform, argues that discipline, flexibility and risk positioning – not scale alone – will define the industry’s next winners. Shipping has …
https://splash247.com/waiting-for-the-next-cycle-could-sink-your-shipping-strategy/
https://splash247.com/waiting-for-the-next-cycle-could-sink-your-shipping-strategy/France’s CMA CGM is filling a gap linking the world’s third largest economy with the continent of Europe, launching Ocean Rise Express (OCR), a new weekly direct service linking Japan and South China straight to North Europe, offering what the carrier says are the best transit times and improved schedule reliability on a key East-West …
https://splash247.com/cma-cgm-fills-gap-between-japan-and-europe/
https://splash247.com/cma-cgm-fills-gap-between-japan-and-europe/Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway. Last Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally impose sweeping global tariffs. In response, Trump …
https://splash247.com/splash-wrap-the-world-of-shipping-condensed/
https://splash247.com/splash-wrap-the-world-of-shipping-condensed/