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Danos acquired substantially all assets of Panel Specialists Inc, expanding its technical services in automation and panel fabrication. The move also strengthens Danos’ pressure valve repair services by adding VR and T/O certifications from…
https://www.marinelink.com/news/danos-acquires-panel-specialists-530684
https://www.marinelink.com/news/danos-acquires-panel-specialists-530684DOF announce several project awards in the North America region, using vessels already in the region, securing more than 300 days of firm vessel utilization for a combined contract value of more than $60m, with options available.Skandi Skansen will…
https://www.marinelink.com/news/dof-bags-m-project-awards-north-america-530685
https://www.marinelink.com/news/dof-bags-m-project-awards-north-america-530685The city of Milford, CT, took delivery of a 21-ft. Ribcraft 6.5 for its fire department’s marine unit, replacing a smaller, 20-year-old vessel. This larger specialized model enhances their search and rescue capabilities while providing a safe…
https://www.marinelink.com/news/milford-fd-gets-new-rescue-boat-530694
https://www.marinelink.com/news/milford-fd-gets-new-rescue-boat-530694The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, extended losses on Thursday and fell to a more than one-month low, weighed down by falling rates across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 71 points ...
https://www.hellenicshippingnews.com/falling-rates-across-vessel-segments-drag-baltic-index-to-over-one-month-low/The dry bulk market entered the fourth quarter with the “wind in its sails” after a strong third quarter. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk market showed notable resilience in the third quarter of 2025, supported by firm commodity flows and a steady demand outlook across key segments. Spot ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-will-the-fourth-quarter-replicate-third-quarters-performance/Dutch owner and operator ForestWave has expanded its footprint in the European multipurpose and dry bulk markets by taking over all activities and staff of Rotterdam-based Noordriver Shipping. The Groningen-headquartered company confirmed the deal took effect on October 1, following years of cooperation between the two firms. Noordriver’s brokerage, chartering, and port agency operations will …
https://splash247.com/forestwave-brings-noordriver-shipping-under-its-wing/
https://splash247.com/forestwave-brings-noordriver-shipping-under-its-wing/Nasdaq-listed owner Toro Corp has added a modern products tanker to its fleet as it reduces its footprint in the LPG segment. The Petros Panagiotidis-led spinoff of Cyprus-based Castor Maritime has acquired the 2014-built MR2 tanker named Wonder Maia for $30.3m. The South Korea-built vessel was delivered to the company in late September. The acquisition …
https://splash247.com/toro-adds-to-tanker-fleet-with-30m-mr2-buy/
https://splash247.com/toro-adds-to-tanker-fleet-with-30m-mr2-buy/Greek bulker owner Diana Shipping has signed a $55m six-year secured term loan facility with the National Bank of Greece. The full amount of the loan, signed on September 29, 2025, was drawn down immediately. The new loan maturing in September 2031 is secured by five vessels. “Through this strategic transaction, the company reaffirms its …
https://splash247.com/diana-shipping-boosts-liquidity-with-55m-secured-term-loan/
https://splash247.com/diana-shipping-boosts-liquidity-with-55m-secured-term-loan/Excelerate Energy has received an award letter from Iraq to develop the country’s first floating LNG import terminal. The New York-listed regasification specialist said the award represents a step toward diversifying Iraq’s energy supply, stabilising its national grid and reducing reliance on pipeline gas imports. The project would see Excelerate lead development of an integrated …
https://splash247.com/excelerate-lines-up-iraq-flng-deal/
https://splash247.com/excelerate-lines-up-iraq-flng-deal/London has maintained its position as the world’s top maritime arbitration hub, although new data from HFW shows Asia’s centres are closing the gap. The law firm’s sixth Maritime Arbitration in Numbers report analysed responses from 19 arbitral bodies across 18 jurisdictions. It found that while London remains dominant, Singapore and Hong Kong are rapidly …
https://splash247.com/shipping-arbitration-landscape-shifts-beyond-london/
https://splash247.com/shipping-arbitration-landscape-shifts-beyond-london/