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The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, fell for the sixth straight session on Monday, pressured by losses in vessel rates across the board. The main index, which tracks rates for capesize, panamax and supramax vessels, lost 29 points, or 1.7%, to 1,659, its lowest since ...
https://www.hellenicshippingnews.com/baltic-index-extends-losses-as-vessel-rates-sink-across-segments/Italian-Swiss dry bulk group Nova Marine Carriers has tightened its grip on the Port of Amsterdam after completing the acquisition of the Waterland Terminal in a joint venture with Germany’s Aug. Bolten and Spain’s Ership. The deal was executed through Dutch subsidiary Maja Stuwadoors Groep, which reached a final agreement with VCK Holding to acquire …
https://splash247.com/nova-marine-carriers-jv-doubles-down-on-amsterdam-logistics/
https://splash247.com/nova-marine-carriers-jv-doubles-down-on-amsterdam-logistics/Korean shipping and shipbuilding interests are stepping up collaboration on wind-assisted propulsion. HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai’s mid-level holding company for institutional shipbuilding, has begun sea trials of its self-developed Wing Sail system after installing a prototype on a tanker operated by HMM. The trials are being carried out on …
https://splash247.com/korean-developed-wing-sail-mounted-on-an-hmm-tanker/
https://splash247.com/korean-developed-wing-sail-mounted-on-an-hmm-tanker/Eastern Pacific Shipping has moved to reshape its gas shipping leadership after completing the merger between its LNG unit CoolCo and subsidiary EPS Ventures earlier this month. The Idan Ofer-controlled group confirmed that former Flex LNG and Avance Gas chief executive Øystein Kalleklev will take charge of the combined gas platform, assuming the role of …
https://splash247.com/kalleklev-takes-helm-of-eps-gas-fleet-after-coolco-merger/
https://splash247.com/kalleklev-takes-helm-of-eps-gas-fleet-after-coolco-merger/Monaco-headquartered product carrier major Scorpio Tankers has sold one of its LR2 tankers. The New York-listed owner said the 2015-built scrubber-fitted LR2 product tanker STI Kingsway for $57.5m to an undisclosed buyer. According to the Emanuele Lauro-led company, the sale is expected to close within the first or second quarter of 2026. After the sale, …
https://splash247.com/scorpio-tankers-sheds-11-year-old-lr2/
https://splash247.com/scorpio-tankers-sheds-11-year-old-lr2/Vard, the Norwegian subsidiary of the Fincantieri Group, has signed a new contract with existing customer Ocean Infinity for the design and construction of four Multi-Purpose Robotic Vessels (MPVs).The contract, whose value exceeds $230 million (€200 million)…
https://www.marinelink.com/news/vard-build-four-new-multipurpose-robotic-534259
https://www.marinelink.com/news/vard-build-four-new-multipurpose-robotic-534259ABB has secured a contract to supply integrated power, propulsion and control solution for BC Ferries’ four new hybrid-electric major vessels.The New Major Vessels have been designed to minimize emissions and underwater radiated noise (URN)…
https://www.marinelink.com/news/abb-equip-bc-ferries-new-major-vessels-534265
https://www.marinelink.com/news/abb-equip-bc-ferries-new-major-vessels-534265Vantris Energy, formerly known as Sapura Energy, has divested its 40% equity stake in L&T-Sapura Shipping to joint-venture partner Larsen & Toubro for total consideration of about $30.5 million, as part of a broader portfolio optimization strategy.The…
https://www.marinelink.com/news/vantris-energy-sells-heavylift-vessel-534266
https://www.marinelink.com/news/vantris-energy-sells-heavylift-vessel-534266LNG-fueled container ships helped sustain the share of alternative fuels in the global shipbuilding orderbook in 2025, even as overall newbuilding activity slowed sharply following a record year, according to data from classification society…
https://www.marinelink.com/news/lngfueled-container-ships-prop-534268
https://www.marinelink.com/news/lngfueled-container-ships-prop-534268P&I correspondents are being urged to strengthen their payment verification procedures after a fraudster intercepted email communications during a sensitive crew claim and diverted a US$200,000 settlement, according to International Transport…
https://www.marinelink.com/news/payment-fraud-rise-itic-warns-534273
https://www.marinelink.com/news/payment-fraud-rise-itic-warns-534273