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Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world’s largest insurance broker, Bloomberg reported yesterday the cost of covering port calls in the region has more than tripled in recent days. Prior to the latest …
https://splash247.com/black-sea-war-risk-premiums-surge/
https://splash247.com/black-sea-war-risk-premiums-surge/As marketing ratchets up for next April’s big annual dry bulk summit, Splash sits down with top names attending the event. As artificial intelligence gains ground across shipping, Janani Yagnamurthy believes the real breakthroughs will not come from broad, all-purpose models, but from highly tailored, shipping-specific intelligence. The vice president of product and strategic growth …
https://splash247.com/geneva-dry-dialogues-marcura-2/
https://splash247.com/geneva-dry-dialogues-marcura-2/Eyal Ofer’s Zodiac Maritime has joined the latest wave of crude carrier orders, placing a major VLCC newbuilding programme in China as part of its broader $1.6bn fleet renewal drive. The London-based owner has ordered six firm and up to eight conventionally fuelled VLCCs from Jiangsu New Hantong Ship Heavy Industry, marking its biggest move …
https://splash247.com/zodiac-maritime-unleashes-1-6bn-vlcc-and-boxship-play-in-china/
https://splash247.com/zodiac-maritime-unleashes-1-6bn-vlcc-and-boxship-play-in-china/The S&P market is seeing strong momentum. In terms of age profile, 10–15-year-old ships are once again among the most sought-after, supported by capesize rates now closing in on the $45,000 per day mark—levels not seen in years. Tokyo-headquartered NYK Bulkship has agreed to sell the 2012-built, 107,000 dwt NBA Rembrandt, with multiple brokers pointing …
https://splash247.com/capes-changing-hands-for-increasing-sums/
https://splash247.com/capes-changing-hands-for-increasing-sums/The capesize market is ending the year with a burst of momentum rarely seen outside cyclical peaks, as tightening tonnage and strengthening long-haul trade routes drive spot rates to their highest levels in two years. Spot rates leapt by more than $6,000 yesterday to approach the $45,000 mark. Despite softness in global steel markets – …
https://splash247.com/capesize-rates-charge-past-40000-a-day-as-tonnage-tightens-across-basins/
https://splash247.com/capesize-rates-charge-past-40000-a-day-as-tonnage-tightens-across-basins/DNV has granted a Type Approval Design Certificate (TADC) to CSSC Shanghai Marine Energy Saving Technology (CMES-Tech) for its new 35-meter tilting type wind assisted rotor system.This is the first domestically developed rotor sail system in…
https://www.marinelink.com/news/dnv-approves-cmestechs-tilting-rotorsail-533137
https://www.marinelink.com/news/dnv-approves-cmestechs-tilting-rotorsail-533137Hanwha Ocean has delivered the Wind Mover wind turbine installation vessel (WTIV) to offshore wind contractor Cadeler, completing the second vessel in the company’s M-class series about one month ahead of schedule.The vessel was formally signed over on November 28 and sailed away on December 2…
https://www.marinelink.com/news/cadelers-wtiv-newbuild-en-route-europe-533138
https://www.marinelink.com/news/cadelers-wtiv-newbuild-en-route-europe-533138Today, Wednesday, December 03 2025, the Baltic Dry Index climbed by 245 points, reaching 2845 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-2845-up-245-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2845-up-245-points/Today, Thursday, December 04 2025, the Baltic Dry Index decreased by 31 points, reaching 2814 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-2814-down-31-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2814-down-31-points/Marine decarbonization testing and advisory services company VPS has launched the latest update of its digital data-driven decarbonization platform, Maress 2.0.Maress monitors main engine and emissions equipment performance for offshore vessels.
https://www.marinelink.com/news/vps-updates-digital-decarbonization-533112
https://www.marinelink.com/news/vps-updates-digital-decarbonization-533112