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The Baltic Index, measuring the price for dry bulk freight, fell by 0.7% to 2,973 points on Tuesday, a fourth straight decline to its lowest since late August. The index measuring prices for capsize bulk carriers dropped 1.9% to its lowest level since August 20th. In turn, indexes measuring panamax and supramax vessels inched higher ...
https://www.hellenicshippingnews.com/baltic-index-falls-for-4th-session/
https://www.hellenicshippingnews.com/baltic-index-falls-for-4th-session/Global seaborne coal flows fell 6.7% year on year in September 2026 to 115 Mt. Thermal coal drove the decline, and a rise in met coal flows was not enough to offset it. Behind the headline, regional demand diverged sharply. India and China cut arrivals as domestic production and renewable output grew, while Japan increased ...
https://www.hellenicshippingnews.com/thermal-weakness-drags-global-coal-flows-lower/
https://www.hellenicshippingnews.com/thermal-weakness-drags-global-coal-flows-lower/The dry bulk fleet’s supply is facing a new period of increased newbuilding deliveries, among an ageing background. In its latest weekly report, shipbroker Xclusiv said that “dry bulk supply growth has remained relatively manageable over the past three years, but the market is now moving into a more challenging phase as the orderbook expands ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-fleet-growing-but-ageing-as-well/
https://www.hellenicshippingnews.com/dry-bulk-shipping-fleet-growing-but-ageing-as-well/Russia’s state-owned Rosatom has completed the buyout of Delo Group founder Sergei Shishkarev’s controlling stake, taking full control of one of the country’s largest transport and container logistics groups. Rosatom, which previously held 49% of Delo, has acquired Shishkarev’s remaining 51% and will now begin consolidating the company with its other transport holdings, including shipping …
https://splash247.com/rosatom-folds-delo-into-expanding-logistics-platform/
https://splash247.com/rosatom-folds-delo-into-expanding-logistics-platform/Singapore-based Yinson Production has priced $1.458bn of senior secured notes backed by the Agogo FPSO, marking what the company says is the largest FPSO project bond to date and the first of its kind outside Brazil. Yinson Azalea Production, which owns the Agogo FPSO, is issuing the notes, which will be used primarily to refinance …
https://splash247.com/yinson-production-lands-1-46bn-refinancing-for-agogo-fpso/
https://splash247.com/yinson-production-lands-1-46bn-refinancing-for-agogo-fpso/Singapore shipyard group Seatrium has secured an EPCIC contract from New York-listed floating regasification specialist Excelerate Energy to convert an LNG carrier into an FSRU, with an option for a second unit. The project is Seatrium’s first FSRU conversion for Excelerate. Financial terms were not disclosed. Engineering work is expected to begin in the fourth …
https://splash247.com/seatrium-bags-first-fsru-conversion-for-excelerate/
https://splash247.com/seatrium-bags-first-fsru-conversion-for-excelerate/With only a few months in gas, Dubai-based SPM Shipping, a shipowner, operator and offshore player, has now added its third VLGC, according to sources. The fast-growing owner is ambitious and moving comfortably in the largest segments in shipping, first placing money in both the cape and VLCC segments, an uncommon move for a relative …
https://splash247.com/spm-shipping-plays-the-market/
https://splash247.com/spm-shipping-plays-the-market/Musculoskeletal problems are responsible for a significant proportion of crew repatriations, but earlier intervention could help prevent many cases from reaching that stage says Ronald Spithout, MD oneHealth by VIKAND. Working at sea is physically demanding, so aches and pains can easily be accepted as part of the job. A sore back after lifting, a …
https://splash247.com/the-hidden-health-issue-sending-seafarers-home/
https://splash247.com/the-hidden-health-issue-sending-seafarers-home/Oil prices settled lower on Wednesday following a choppy session after the International Energy Agency agreed to speed up a release of oil stocks and prioritize diesel in a bid to curb record-high fuel prices as the Iran war squeezes global supplies.Brent crude futures LCOc1 settled down 38 cents…
https://www.marinelink.com/news/oil-stabilizes-iea-moves-speed-emergency-543551
https://www.marinelink.com/news/oil-stabilizes-iea-moves-speed-emergency-543551Seatrium has secured an engineering, procurement, construction, installation and commissioning (EPCIC) contract from Excelerate Energy to convert an LNG carrier into a floating storage and regasification unit (FSRU), with an option for a second…
https://www.marinelink.com/news/seatrium-signs-fsru-conversion-deal-543556
https://www.marinelink.com/news/seatrium-signs-fsru-conversion-deal-543556