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Today, Wednesday, May 02 2025, the Baltic Dry Index climbed by 10 points, reaching 1421 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-1421-up-10-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1421-up-10-points/Offshore engineering and services player Subsea 7 has won a contract from oil and gas giant Petrobras to develop the Búzios 11 field located in the Santos basin, some 180 km off the coast of Rio de Janeiro. The Buzios field began operating in 2018. It is only second to the Tupi field in terms …
https://splash247.com/subsea-7-wins-big-in-brazil-with-deal-worth-north-of-1-25bn/
https://splash247.com/subsea-7-wins-big-in-brazil-with-deal-worth-north-of-1-25bn/UK supermajor Shell and its advisers have been considering a potential takeover of rival energy major BP, which could set up one of the largest deals in the history of the oil and gas industry. According to reports from Bloomberg, which cited people close to the matter, Shell may wait for BP to reach out …
https://splash247.com/shell-weighs-up-takeover-of-bp/
https://splash247.com/shell-weighs-up-takeover-of-bp/Maersk has unveiled new-look containers, ditching grey for bright blue. The Danish container carrier has had grey-coloured containers for the past 51 years. The new blue look is pictured above on 85,000 containers ordered in China, with more set to flood the market in the coming years. The white colour remains unchanged on reefer containers. …
https://splash247.com/maersk-unveils-new-blue-box-look/
https://splash247.com/maersk-unveils-new-blue-box-look/Panamanian company Western Energy Inc Transport has moved to expand its fleet of mid-sized gas carriers with a newbuild order in South Korea. Shipbuilding sources report a deal has been sealed at HD Hyundai Mipo for a 39,200 cu m unit delivering in the third quarter of 2027. Western Energy is currently listed with one …
https://splash247.com/western-energy-inks-lpg-newbuild-at-hd-hyundai-mipo/
https://splash247.com/western-energy-inks-lpg-newbuild-at-hd-hyundai-mipo/Greece’s Sea World Management and Trading has been linked to MR product tanker orders in South Korea. Brokers report the Laliotis Group tanker outfit has signed up for a pair of 50,000 dwt newbuilds at K Shipbuilding. Deliveries are due in 2027, with prices reported between $50m and $51m per ship. Nicholas Notias-led Piraeus and …
https://splash247.com/sea-world-tied-to-product-tanker-newbuilds-in-south-korea/
https://splash247.com/sea-world-tied-to-product-tanker-newbuilds-in-south-korea/Three silos at a grain terminal in the Russian port of Novorossiisk were damaged by Ukrainian drones on Saturday with the city’s mayor declaring a state of emergency. The Black Sea terminal is now operated by Delo Group, having formerly been part of Cargill’s network. It has a capacity to move 10m tonnes of cargo a …
https://splash247.com/novorossiisk-port-hit-by-drones/
https://splash247.com/novorossiisk-port-hit-by-drones/BP is reportedly selling six MR tankers for $200m. The 57,000 dwt vessels are the British Chief (2017), and the 2016-built sisters British Engineer, British Officer, British Cadet, and British Sailor. Over the weekend, brokers reported that the ships had received a string of offers over the last fortnight, and while the ownership has been transferred, …
https://splash247.com/bp-offloads-tanker-sextet/
https://splash247.com/bp-offloads-tanker-sextet/Andrew Lemmis questions the regulator’s global role from a lifeboat industry perspective. Imagine a football match where the referee is paid by the teams and has no power to issue a red card. He can suggest the rules, sure, but it’s up to the players whether to follow them. Sound absurd? That’s essentially how the …
https://splash247.com/is-the-imo-fit-for-purpose/
https://splash247.com/is-the-imo-fit-for-purpose/All week, Splash will be bringing readers reports from Geneva Dry, the world’s premier commodities shipping conference, which took place on April 28 and 29 with more than 820 delegates in attendance. Up first in our coverage is the Commodities Shipping Outlook, a high-level scene-setter to open proceedings, designed to give delegates an indication of …