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Today, Wednesday, October 14 2026, the Baltic Dry Index decreased by 134 points, reaching 2667 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-2667-down-134-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2667-down-134-points/Copenhagen Infrastructure Partners (CIP) has acquired a 25% stake in the Five Estuaries offshore wind project in the UK from a Macquarie-led consortium, marking the development’s second ownership change in a matter of days. Copenhagen Infrastructure V, CIP’s fifth flagship fund, acquired the stake. Financial terms were not disclosed. After the transaction, EDF will own …
https://splash247.com/cip-enters-uk-offshore-wind-project-after-macquarie-consortium-exit/
https://splash247.com/cip-enters-uk-offshore-wind-project-after-macquarie-consortium-exit/Offshore rig owner Seadrill has been ordered to pay around NOK525m ($55m) to an SFL Corporation subsidiary after losing an appeal in a long-running dispute over the condition of the semisubmersible drilling rig Hercules when it was returned to its owner. Norway’s Borgarting Court of Appeal unanimously found that Seadrill breached its contract when it redelivered …
https://splash247.com/seadrill-hit-with-55m-bill-in-long-running-rig-dispute/
https://splash247.com/seadrill-hit-with-55m-bill-in-long-running-rig-dispute/Danish offshore accommodation specialist CBED has acquired the Seaway Moxie from Seaway7, adding a fourth vessel to its fleet. The 2014-built commissioning service operation vessel (CSOV) has already been delivered and will be renamed Wind Dedication. The UK-flagged vessel can accommodate up to 60 people, including crew. It joins Wind Innovation, Wind Creation and Wind …
https://splash247.com/cbed-expands-fleet-with-seaway-7-csov/
https://splash247.com/cbed-expands-fleet-with-seaway-7-csov/The dispute over offshore oil development around the Falkland Islands has escalated, with Argentina seeking emergency measures from an international maritime tribunal while the UK moves to protect companies involved in economic activity linked to the islands. Argentina filed a request with the International Tribunal for the Law of the Sea (ITLOS), seeking provisional measures …
https://splash247.com/falklands-offshore-development-faces-new-international-legal-challenge/
https://splash247.com/falklands-offshore-development-faces-new-international-legal-challenge/Every so often a ship comes along that makes even seasoned shipping watchers look twice. Meet the Fan Zhou 8, an extraordinary floating container platform that has just carried more than 3,000 teu out of China. According to Alphaliner, German independent carrier Carrier53′ Shipping chartered the 2024-built, 58,405 dwt heavy-load deckship from China’s Jiangsu Fanzhou …
https://splash247.com/the-floating-container-platform-turning-heads/
https://splash247.com/the-floating-container-platform-turning-heads/The upheaval in global energy markets caused by the war in the Middle East has produced an unexpected winner in the marine fuels market, with biodiesel briefly emerging as the cheapest bunkering option in Rotterdam once European carbon costs are factored in. A new white paper from energy pricing specialist General Index and the London …
https://splash247.com/hormuz-shock-briefly-makes-biofuel-the-cheapest-bunker-option/
https://splash247.com/hormuz-shock-briefly-makes-biofuel-the-cheapest-bunker-option/A ship’s anchor can wreak havoc on the world’s undersea infrastructure, something that has provided plenty of rich material for Splash reporting in recent years. For Elisabeth Braw, the Cook Islands-flagged tanker Eagle S provides one of the most brazen examples. On Christmas Day 2024, the vessel was accused of dragging its anchor 90 km …
https://splash247.com/elisabeth-braw-the-undersea-war/
https://splash247.com/elisabeth-braw-the-undersea-war/India’s Aegis Logistics has struck a deal to acquire 89.8% of Dubai-based Tristar for $809m, taking control of a global energy logistics group with a sizeable tanker and dry bulk shipping operation. The Mumbai-listed group is buying the stake through Singapore-based Aegis Logistics International from shareholders including Agility, Gulf Investment Corporation and Diamond Holdings. The …
https://splash247.com/indias-aegis-takes-over-dubai-tanker-and-logistics-group-tristar/
https://splash247.com/indias-aegis-takes-over-dubai-tanker-and-logistics-group-tristar/Japan is preparing to subsidise the additional cost of importing oil from suppliers outside the Strait of Hormuz, in a significant government intervention aimed at reducing the country’s dependence on the increasingly dangerous waterway. The Japanese cabinet approved three bills yesterday designed to diversify energy imports, support tanker insurance and finance alternative oil transport infrastructure. …
https://splash247.com/japan-prepares-to-pay-for-oils-long-way-round/
https://splash247.com/japan-prepares-to-pay-for-oils-long-way-round/