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The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell on Wednesday, as lower rates in the capesize segment overshadowed gains in the panamax and supramax segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 32 points to 1,374. The ...
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-segment-declines/
https://www.hellenicshippingnews.com/baltic-index-falls-as-capesize-segment-declines/UK consulting and engineering firm Wood has secured a trio of reimbursable contract extensions worth $118m for operations and maintenance solutions with Shell, Dana Petroleum, and CNOOC International. The extension with Shell UK will see Wood continue support operations on the Shearwater, Gannet, Nelson, and Penguins assets, while the CNOOC extension will see the UK …
https://splash247.com/wood-secures-extensions-with-three-north-sea-operators/
https://splash247.com/wood-secures-extensions-with-three-north-sea-operators/Norwegian car carrier player Wallenius Wilhelmsen has won a three-year shipping contract with an unnamed construction and mining equipment manufacturer. The contract is estimated to have a value of approximately $140m based on expected volumes over the three-year period. The company stated that the renewed agreement between the two began on May 1, 2025. The …
https://splash247.com/wallenius-wilhelmsen-bags-transport-deal-worth-140m/
https://splash247.com/wallenius-wilhelmsen-bags-transport-deal-worth-140m/Norwegian owner and sale and leaseback player Ocean Yield has increased its stake in France’s Geogas LNG. In July 2024, Ocean Yield took over interests from infrastructure fund CVC DIF, which held a 31% stake in Geogas LNG. This provided the company with an indirect economic interest of 34% in France LNG Shipping (FLS). Ocean …
https://splash247.com/ocean-yield-increases-stake-in-french-lng-player/
https://splash247.com/ocean-yield-increases-stake-in-french-lng-player/China’s Jiangsu Ocean Shipping (JOSCO) is expanding its containership fleet with four newbuilds contracted at compatriot yard Jiangsu Soho Chuangke Shipbuilding. The shipping arm of Jiangsu Port Group has booked a series of 3,000 teu vessels set to become the largest in its fleet. Jiangsu Ocean lists a fleet of 30 vessels on its website, …
https://splash247.com/jiangsu-ocean-shipping-orders-boxship-quartet/
https://splash247.com/jiangsu-ocean-shipping-orders-boxship-quartet/Low-profile shipowner Nissen Kaiun has returned to HD Hyundai Mipo Dockyard in Ulsan for a pair of LPR carriers. Multiple newbuilding sources have listed the Japanese shipping mammoth with two 45,000 cu m units booked at $73.5m each for delivery in 2027. The owner of more than 200 ships, of which 10 are listed as …
https://splash247.com/nissen-kaiun-in-for-hd-hyundai-mipo-lpg-brace/
https://splash247.com/nissen-kaiun-in-for-hd-hyundai-mipo-lpg-brace/Greek owner Pyxis Tankers has set out to potentially expand its fleet by up to two ships with the signing of a commitment letter for a bank loan of up to $45m. The Nasdaq-listed firm said it is eyeing modern product tankers between 45,000 dwt and 115,000 dwt or bulk carriers between 60,000 dwt and …
https://splash247.com/pyxis-tankers-lines-up-funds-for-fleet-growth/
https://splash247.com/pyxis-tankers-lines-up-funds-for-fleet-growth/Lighting solutions specialist Glamox has launched new wildlife and turtle-friendly versions of some of its most popular LED marine luminaires.The new amber-coloured lights, for use on the exterior of vessels and onshore coastal facilities, are…
https://www.marinelink.com/news/glamox-unveils-wildlifefriendly-marine-525444
https://www.marinelink.com/news/glamox-unveils-wildlifefriendly-marine-525444Wallenius Wilhelmsen has signed a three-year shipping contract with one of the world’s leading construction and mining equipment manufacturers.The contract is estimated to have a value of approximately $140 million based on expected volumes…
https://www.marinelink.com/news/wallenius-wilhelmsen-bags-m-multiyear-525445
https://www.marinelink.com/news/wallenius-wilhelmsen-bags-m-multiyear-525445Technology group Wärtsilä has made its carbon capture solution (CCS) commercially available to the global maritime industry, aimed at accelerating the decarbonization of shipping.According to Wärtsilä’s tests, the new ‘Wärtsilä Carbon capture…
https://www.marinelink.com/news/wrtsil-introduces-ccs-solution-maritime-525453
https://www.marinelink.com/news/wrtsil-introduces-ccs-solution-maritime-525453