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The Capesize market strengthened sharply over the week, led by sustained momentum in the Atlantic. The Baltic Capesize Index (BCI) rose by 950 points to 6,286, while average C5TC earnings increased by $8,612 to approximately $53,508 per day. The strongest movement was recorded on the C3 Tubarão–Qingdao route, where freight climbed by $3.19 week on ...
https://www.hellenicshippingnews.com/capesize-in-focus-c3-at-a-multi-year-high-as-ordering-accelerates/Compagnie Maritime Nantaise has ordered a new hybrid roro vessel from Guangzhou Shipyard International to support the growing logistics requirements of Europe’s space industry. The vessel, due to enter service by 2030, will combine conventional mechanical propulsion with three automated OceanWings rigid sails. No price has been revealed. It has been designed primarily to transport …
https://splash247.com/compagnie-maritime-nantaise-orders-wind-assisted-space-logistics-roro/
https://splash247.com/compagnie-maritime-nantaise-orders-wind-assisted-space-logistics-roro/MB Shipbrokers has announced a leadership reshuffle that will see Claes Devantier take over as CEO from Anders Hald from January 1, 2027. Hald will move into the chairman’s role while remaining commercially active and closely involved with the business. Singapore-based Claus Plougmand will become deputy CEO as part of the transition. Devantier has been …
https://splash247.com/mb-shipbrokers-names-claes-devantier-as-next-ceo/
https://splash247.com/mb-shipbrokers-names-claes-devantier-as-next-ceo/MISC Group has launched Yayasan Maritim, which it describes as Malaysia’s first dedicated maritime-focused foundation, aimed at strengthening the country’s maritime talent pipeline, marine resilience and coastal communities. The foundation was formally launched in Kuala Lumpur by Petronas chairman Mohd Bakke Salleh and will bring MISC’s existing nation-building initiatives under a more structured platform. Yayasan …
https://splash247.com/misc-launches-malaysias-first-maritime-focused-foundation/
https://splash247.com/misc-launches-malaysias-first-maritime-focused-foundation/The Poseidon Principles, the shipping finance framework banks use to track and disclose climate alignment, whose signatories represent nearly three-quarters of global shipping finance, have expanded their associate membership to include marine insurers. The decision follows a unanimous vote by signatories at the annual meeting in May to include insurers and related organisations, including P&I …
https://splash247.com/poseidon-principles-expands-reach-across-marine-insurance/
https://splash247.com/poseidon-principles-expands-reach-across-marine-insurance/Today, Wednesday, September 9 2026, the Baltic Dry Index climbed 36 points, 3620 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 hit a ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3620-up-36-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-3620-up-36-points/L&T Energy Hydrocarbon Offshore (LTEH Offshore), the hydrocarbon business of Indian engineering conglomerate Larsen & Toubro, has secured more work on ONGC’s Ratna–I and NLM-14 project off India’s west coast. The project involves engineering, procurement, construction, installation, and commissioning of three new wellhead platforms, one riser platform, multiple segments of subsea pipelines, and cables, and …
https://splash247.com/ongc-hands-lt-fresh-work-off-indias-west-coast/
https://splash247.com/ongc-hands-lt-fresh-work-off-indias-west-coast/Nobu Su, one of shipping’s most colourful fallen tycoons, is back with another attempt to shake up vessel design, calling on the industry to investigate fundamentally different hull forms rather than concentrating solely on fuels and bolt-on energy-saving devices. Su is developing a new bow and forward-hull architecture which he believes could materially reduce resistance …
https://splash247.com/nobu-su-returns-with-radical-hull-rethink/
https://splash247.com/nobu-su-returns-with-radical-hull-rethink/Japan Engine Corporation has completed what it says is the world’s first hydrogen-fuelled main engine for a large commercial vessel, clearing another milestone ahead of full-scale trials at sea. The 6UEC35LSGH low-speed two-stroke engine was unveiled at J-ENG’s Akashi factory this week after achieving a hydrogen co-firing ratio above 95% during factory tests. Greenhouse gas …
https://splash247.com/japan-takes-hydrogen-propulsion-from-testbed-to-ship/
https://splash247.com/japan-takes-hydrogen-propulsion-from-testbed-to-ship/South Korea’s H-Line Shipping has returned to dry bulk ordering with two LNG dual-fuel newcastlemaxes at China’s New Times Shipbuilding, backed by long-term employment with steelmaker POSCO. Broker reports seen by Splash put the ships at 210,000 dwt each and roughly $94m apiece, taking H-Line’s investment in the pair to around $188m. Delivery is scheduled …
https://splash247.com/h-line-goes-back-to-new-times-for-newcastlemax-duo/
https://splash247.com/h-line-goes-back-to-new-times-for-newcastlemax-duo/