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Global shipping earnings have reached another extraordinary milestone, with Clarksons Research’s cross-sector ClarkSea Index surging 12% in a week to an unprecedented $84,951 a day, its fifth consecutive all-time high. The index, a widely followed overall earnings barometer, measures average daily earnings across tankers, bulk carriers, containerships and gas carriers, weighted by vessel numbers in …
https://splash247.com/shippings-extraordinary-boom-refuses-to-peak/
https://splash247.com/shippings-extraordinary-boom-refuses-to-peak/Greek owner Danaos is exploring a carve-out of its dry bulk business and the sale of a minority stake through a potential listing in Norway. The New York-listed John Coustas-led company said it has mandated investment banks to advise on a possible equity placement and listing, describing the move as part of a wider push …
https://splash247.com/danaos-plots-norwegian-listing-for-bulker-business/
https://splash247.com/danaos-plots-norwegian-listing-for-bulker-business/Estonia, Latvia and Lithuania have called for an EU-wide ban on Russian grain transit, seeking to block Moscow from redirecting agricultural exports through European transport networks as disruption in the Black Sea reshapes regional grain flows. The three countries have submitted a joint letter to European Council president António Costa and European Commission president Ursula …
https://splash247.com/baltic-states-push-for-eu-wide-ban-on-russian-grain-transit/
https://splash247.com/baltic-states-push-for-eu-wide-ban-on-russian-grain-transit/India can almost match China’s forecast demand loss in 2026. Whether that supports international steel prices depends on what India buys, how quickly its mills expand, and whether China’s contraction stays contained. India’s emergence as a major source of steel demand growth raises a question with consequences well beyond the two countries: can its expanding ...
https://www.hellenicshippingnews.com/can-indias-steel-demand-growth-offset-chinas-slowdown/
https://www.hellenicshippingnews.com/can-indias-steel-demand-growth-offset-chinas-slowdown/Capesize The market remained under pressure through the week, with persistent Atlantic weakness outweighing a gradual recovery in the Pacific. The 5TC continued to edge lower, falling from $43,833 on Monday to $39,363 by Friday. The Pacific showed greater resilience as fixing activity gathered pace, with close to 20 vessels reported on Wednesday alone. C5 ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-under-pressure/
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-under-pressure/Attacks on commercial shipping are spreading deeper into the Gulf as Iran widens its campaign beyond Hormuz, with a fully laden VLCC struck off the UAE and another tanker hit in the strait over the weekend. The Panama-flagged, 302,000 dwt Gem No.2 was struck by an unidentified projectile on Friday around 13 nautical miles west …
https://splash247.com/tanker-war-spreads-across-gulf/
https://splash247.com/tanker-war-spreads-across-gulf/A fire-damaged HMM containership is seeking a port of refuge in South Africa after salvors were appointed under Lloyd’s Open Form (LOF), with cargo interests facing the prospect of general average. The 5,593 teu HMM Platinum suffered a fire while sailing from Kattupalli, India, towards Santos, Brazil. The blaze reportedly originated in a container off …
https://splash247.com/fire-stricken-hmm-boxship-seeks-refuge-in-south-africa/
https://splash247.com/fire-stricken-hmm-boxship-seeks-refuge-in-south-africa/The Panama Canal has emerged largely unscathed from a powerful earthquake that struck Panama on Friday, with vessel transits continuing normally despite damage elsewhere across the Central American country. The magnitude 7.7 earthquake struck at 12.56pm local time, according to the US Geological Survey, with its epicentre in southern Panama, approximately 200 km from Panama …
https://splash247.com/panama-canal-unaffected-by-huge-earthquake/
https://splash247.com/panama-canal-unaffected-by-huge-earthquake/Lithuania, Latvia and Estonia proposed a European Union ban on Friday on Russian grain exports through the bloc in a letter addressed to European Council President Antonio Costa and European Commission President Ursula von der Leyen.The Baltic states are seeking to end shipments of Russian grain thr
https://www.marinelink.com/news/baltic-nations-push-eu-ban-russian-grain-543599
https://www.marinelink.com/news/baltic-nations-push-eu-ban-russian-grain-543599Robosys Automation, a developer of intelligent marine autonomy systems, took part in a test campaign with its VOYAGER AI Autonomous Navigation System (ANS) software at MARIN (Maritime Research Institute Netherlands) against the 55 recognized DNV…
https://www.marinelink.com/news/robosys-validates-voyager-ai-maritime-543595
https://www.marinelink.com/news/robosys-validates-voyager-ai-maritime-543595