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Today, Friday, May 23 2025, the Baltic Dry Index decreased by 01 points, reaching 1340 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-falls-to-1340-down-01-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1340-down-01-points/Prices of iron ore futures dropped on Monday on subdued steel consumption in top consumer China, while persistent weakness in the country’s real estate sector also dampened market sentiment. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 2.21% lower at 706.5 yuan ($98.47) a metric ton. Earlier ...
https://www.hellenicshippingnews.com/dalian-iron-ore-at-two-week-low-on-weak-china-steel-demand-property-gloom/The Liberian-flagged container ship MSC Elsa 3 has sunk approximately 38 nautical miles southwest of Kochi, with concerns growing over potential environmental fallout along Kerala’s coast. The 28-year-old, 184 m long vessel, en route from Vizhinjam to the Port of Cochin, began listing severely early Saturday. The ship, which carried 640 containers—including 13 with hazardous …
https://splash247.com/msc-ship-sinks-off-the-east-coast-of-india/
https://splash247.com/msc-ship-sinks-off-the-east-coast-of-india/France’s CMA CGM has penned an agreement with Saigon Newport Corporation (SNP) to develop a new $600m deepwater terminal in Haiphong, northern Vietnam. The deal covers the design, construction, and operation of the Lach Huyen terminals 7 and 8, located in Lach Huyen area in Haiphong. The terminal will have a capacity of 1.9m teu …
https://splash247.com/cma-cgm-signs-600m-vietnam-box-terminal-deal/
https://splash247.com/cma-cgm-signs-600m-vietnam-box-terminal-deal/Cido Shipping has had a change of heart on its entry into the very large ammonia carriers (VLACs) segment, choosing instead to pivot back to a more conventional market. The Hong Kong-based tonnage provider has reportedly converted its previous order at HD Hyundai Heavy Industries for a pair of 88,000 cu m VLACs into two …
https://splash247.com/cido-reverses-course-on-vlacs-with-suezmax-newbuild-switch/
https://splash247.com/cido-reverses-course-on-vlacs-with-suezmax-newbuild-switch/UK-based energy company Energean has awarded a contract to US oilfield services giant NOV (National Oilwell Varco) for critical upgrade work on its floating production, storage and offloading (FPSO) vessel, supporting its development in the Mediterranean Sea offshore Israel. The Katlan project, which ties back to the existing Energean Power FPSO on the Karish field, …
https://splash247.com/nov-secures-energean-fpso-work/
https://splash247.com/nov-secures-energean-fpso-work/UK-based consulting and engineering firm Wood has achieved a record-breaking year in the Asia Pacific region, securing A$3 billion (US$2 billion) in contract awards over the past 12 months. Headquartered in Aberdeen, the company has won a combination of new contracts, extensions, and renewals to deliver advisory, design, execution, and operational services for major energy, …
https://splash247.com/wood-brings-in-2bn-asia-pacific-contracts/
https://splash247.com/wood-brings-in-2bn-asia-pacific-contracts/A coalition of major global car carrier operators, known as the Global Ro-Ro Community (GRC), has announced the release of a unified set of guidelines aimed at accurately calculating their fleets’ greenhouse gas (GHG) emissions intensity. The new initiative has been developed in partnership with the international non-profit Smart Freight Centre (SFC). The six founding …
https://splash247.com/car-carrier-coalition-harmonises-emissions-data/
https://splash247.com/car-carrier-coalition-harmonises-emissions-data/New York-listed Costamare Bulkers has extended contracts on two newcastlemaxes from 2020 Bulkers. The Gregory Zikos-led recently launched spinoff of Greek owner Costamare has fixed the 2020-built Bulk Santos and Bulk Sao Paulo on index-linked deals for 11 to 13 months. The Lars-Christian Svensen-led owner of six newcastlemaxes said in a filing that the index-linked …
https://splash247.com/costamare-bulkers-extends-charters-for-2020-bulkers-newcastlemax-pair/
https://splash247.com/costamare-bulkers-extends-charters-for-2020-bulkers-newcastlemax-pair/Dubai-based Lila Global is continuing its fleet diversification strategy with a string of acquisitions in the tanker segment, a notable pivot from its traditionally dry bulk-heavy profile. The shipowning affiliate of ship recycling powerhouse GMS has now added its third stainless steel chemical tanker in the niche J19 size bracket, reflecting growing appetite for smaller …
https://splash247.com/lila-global-expands-tanker-fleet/
https://splash247.com/lila-global-expands-tanker-fleet/