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The Baltic Exchange’s dry bulk sea freight index fell on Friday, pressured by lower rates across vessel segments. However, higher prices across larger vessel category earlier in the week led to an overall weekly increase. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 7 points to 2,259 points. ...
https://www.hellenicshippingnews.com/baltic-index-eases-on-lower-vessel-rates-but-posts-weekly-gain/
https://www.hellenicshippingnews.com/baltic-index-eases-on-lower-vessel-rates-but-posts-weekly-gain/China’s product steel exports has been rising with over 25% growth so far in 2025. In a recent weekly report, shipbroker Banchero Costa said that “steel products are one of the most important dry bulk commodities, accounting for almost 4 percent of all seaborne dry bulk trade. Total seaborne exports of steel products on bulkcarriers ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-china-steel-exports-rally-so-far-in-2025/
https://www.hellenicshippingnews.com/dry-bulk-shipping-china-steel-exports-rally-so-far-in-2025/Offshore contracting giant TechnipFMC has been awarded a contract to supply subsea production systems for ExxonMobil’s Hammerhead development in Guyana’s Stabroek Block. TechnipFMC will provide project management, engineering, and manufacturing of subsea production systems supporting both production and water injection capabilities. The subsea architecture will include products from the Subsea 2.0 platform, including subsea trees, …
https://splash247.com/technipfmc-bags-work-on-exxons-seventh-guyana-project/
https://splash247.com/technipfmc-bags-work-on-exxons-seventh-guyana-project/The Korea Institute of Machinery and Materials (KIMM) hosted the 12th Global Forum on Mechanical Engineering today at the National Assembly Library, spotlighting the fast-growing role of humanoid artificial intelligence and robotics in industry…
https://www.marinelink.com/news/humanoid-ai-robotics-center-stage-530471
https://www.marinelink.com/news/humanoid-ai-robotics-center-stage-530471Shipping and logistics firm Wilson Sons has opened new facilities at its Training Centre and Towage Operations Centre in Santos, São Paulo, including a tugboat manoeuvre simulator designed to improve operating safety, efficiency and sustainability.This…
https://www.marinelink.com/news/wilson-sons-launches-new-tug-simulator-530475
https://www.marinelink.com/news/wilson-sons-launches-new-tug-simulator-530475Offshore drilling giant Noble Corporation has won a new drillship contract with Amni International Petroleum Development Company in Ghana. Noble was awarded a deal for the Noble Venturer drillship, which is expected to commence once the rig is released from its current contract. The drillship should end its current contract in late 2026 or early …
https://splash247.com/noble-drillship-secures-ghana-contract/
https://splash247.com/noble-drillship-secures-ghana-contract/Norwegian offshore vessel owner DOF has won three service contracts with Petrobras and several short-term vessel deals in Brazil. The contracts, awarded by Petrobras following a competitive tender, are for the execution of subsea inspections as part of Petrobras’ subsea inspection program. This is the third consecutive time such deals have been secured by DOF …
https://splash247.com/dof-lands-390m-in-petrobras-contracts-adds-short-term-vessel-deals/
https://splash247.com/dof-lands-390m-in-petrobras-contracts-adds-short-term-vessel-deals/Bahri Chemicals has signed its first contract of affreightment (COA) with Luberef, the kingdom’s sole producer of virgin base oils, in a deal that underscores Saudi Arabia’s push to strengthen domestic supply chains under the Saudi Inc. initiative. The agreement will see Bahri Chemicals, a subsidiary of national shipping giant Bahri, move base oil cargoes …
https://splash247.com/bahri-chemicals-inks-first-coa-with-luberef-to-boost-saudi-base-oil-exports/
https://splash247.com/bahri-chemicals-inks-first-coa-with-luberef-to-boost-saudi-base-oil-exports/Samsung Heavy Industries has successfully completed a transpacific voyage using its in-house developed autonomous navigation system, underscoring the growing race among Korean shipyards to lead in AI-driven shipping technology. The Samsung Autonomous Ship (SAS) system was fitted to Evergreen Marine’s 15,000 teu containership, which sailed from Oakland to Kaohsiung between August 25 and September 6. …
https://splash247.com/samsung-heavy-completes-transpacific-trial-of-ai-powered-navigation-system/
https://splash247.com/samsung-heavy-completes-transpacific-trial-of-ai-powered-navigation-system/China has gained another foothold in one of shipbuilding’s toughest segments with Dalian Shipbuilding Industry Co (DSIC) delivering its first LNG carrier, the Sea Spirit, to China Merchants Energy Shipping. The 175,000 cu m vessel was handed over in Dalian earlier this week, marking the yard’s entry into a sector long dominated by South Korea’s …
https://splash247.com/another-yard-joins-lng-elite-as-dsic-delivers-sea-spirit/
https://splash247.com/another-yard-joins-lng-elite-as-dsic-delivers-sea-spirit/