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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday to hit a near seven-month peak, supported by firm demand for larger vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 58 points, or 3.6%, at 1,691, its ...
https://www.hellenicshippingnews.com/baltic-index-scales-near-seven-month-peak/
https://www.hellenicshippingnews.com/baltic-index-scales-near-seven-month-peak/Saudi oil and gas driller ADES has won a new contract for one of its jackup rigs from Africa-focused oil and gas player Tower Resources. Tower Resources said that it issued a letter of award for one of ADES’s rigs, which, for now, is proposed to be the 2019-built Admarine 510. The rig will drill …
https://splash247.com/ades-jackup-gets-more-work-in-cameroon/
https://splash247.com/ades-jackup-gets-more-work-in-cameroon/Atlantic Shores Offshore Wind, a joint venture between Shell New Energies and EDF Renewables, has filed a request to cancel its wind project off the coast of Atlantic City, New Jersey. In the request, filed with the New Jersey Board of Public Utilities, the developer listed the Trump administration’s opposition to wind energy and the …
https://splash247.com/developer-requests-to-cancel-new-jersey-offshore-wind-project/
https://splash247.com/developer-requests-to-cancel-new-jersey-offshore-wind-project/Can improved connectivity onboard lead to more seafarers extending their time onboard before pursuing a career ashore? The second installment of Connectivity with Inmarsat, a special report contained within Ship Concept 2035, our new magazine. Shipping faces a shortage of qualified staff at sea, a problem that risks becoming more acute over the next 10 …
https://splash247.com/prolonging-a-career-at-sea/
https://splash247.com/prolonging-a-career-at-sea/After years of market instability, tight supply conditions, and volatile prices, the global natural gas market is entering a new phase—characterised by a significant wave of liquefied natural gas (LNG) supply growth, backed up by an extensive orderbook of gas carriers on order in China and South Korea. To support transparency during this shift, the …
https://splash247.com/iea-launches-lng-capacity-tracker/
https://splash247.com/iea-launches-lng-capacity-tracker/With the global maritime industry grappling with a tightening talent pool, ageing officer demographics, and rising demands for digital and adaptive skills, Anglo-Eastern, the world’s largest shipmanager, has unveiled Mission 30, a landmark initiative aimed at empowering young talent within its seafaring ranks. The program sets an ambitious target: to increase the percentage of management-level …
Shunyu Shipping, a joint venture between state-run Xiamen Xiangyu and Shunda Mining, has officially launched focusing on the capesize trades between China and West Africa. Backed by Xiangyu’s extensive expertise in international commodity trading and Shunda’s mining operations in Guinea, Shunyu aims to control the full logistics chain from ore extraction in Africa to steel …
https://splash247.com/new-chinese-owner-focuses-on-guinea-cape-trades/
https://splash247.com/new-chinese-owner-focuses-on-guinea-cape-trades/The car carrier Morning Midas, adrift off the coast of Alaska, is still burning, with the first tug arriving at the scene on Monday. The fire on the Zodiac Maritime-managed 4,902 ceu car carrier started a week ago, on June 3, during the vessel’s voyage from Mexico to Lázaro Cárdenas, Mexico. The vessel is chartered …
https://splash247.com/morning-midas-completely-burned-through-as-salvors-arrive-on-scene/
https://splash247.com/morning-midas-completely-burned-through-as-salvors-arrive-on-scene/Maersk has shown the way for other shipping sectors to radically shift ship design with the decision it took earlier this decade to shift accommodation blocks forward for a series of methanol-fuelled boxships. Other sectors are now looking at similar shifts. Two new projects focus on relocating the crew living quarters and navigation bridge from …
https://splash247.com/could-forward-accommodation-blocks-become-mainstream/
https://splash247.com/could-forward-accommodation-blocks-become-mainstream/Singapore-based, Japanese-owned carrier Ocean Network Express (ONE) has been tied to a recent order for a new series of large containerships placed at HD Hyundai Heavy Industries. On Tuesday, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced that an Asia-based client had commissioned eight 15,900 teu vessels in a deal worth around $1.76bn. While …
https://splash247.com/one-tied-to-1-76bn-south-korean-boxship-order/
https://splash247.com/one-tied-to-1-76bn-south-korean-boxship-order/