Access cargoes, ship positions, ships and parts for sale, news, events and jobs
India’s ambitions to become a global maritime powerhouse have gained major momentum, with Dubai-based DP World and Danish group APM Terminals announcing fresh investments worth more than $7bn combined to expand port and logistics infrastructure across the country. The announcements, made during India Maritime Week 2025, underscore India’s growing pull for foreign port operators as …
https://splash247.com/india-nets-7bn-in-fresh-investment-from-dp-world-and-maersk/
https://splash247.com/india-nets-7bn-in-fresh-investment-from-dp-world-and-maersk/Donald Trump’s tour of Asia provided the biggest shipping news of the week. His meet-up with his Chinese counterpart, Xi Jinping, yesterday saw the tit-for-tat port fees shelved for a year, and panamaxes surging as China committed to resume buying large amounts of American grain. Trump’s earlier meetings this week with the leaders of Japan …
https://splash247.com/splash-wrap-deals-diplomacy-and-disruption/
https://splash247.com/splash-wrap-deals-diplomacy-and-disruption/Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, has signed an agreement with the German shipyard Lloyd Werft for the delivery of complete automation and power management systems to a Platform Supply Vessel (PSV) currently being…
https://www.marinelink.com/news/vard-electro-gets-onboard-psvtoresearch-531838
https://www.marinelink.com/news/vard-electro-gets-onboard-psvtoresearch-531838Three shipping and ship-management companies within the NYK Group - Asahi Shipping Co, Hachiuma Steamship, and Mitsubishi Ore Transport Co - entered into a merger agreement on to integrate their business operations.The companies entered into a merger agreement on October 28…
https://www.marinelink.com/news/company-consolidation-forms-nyk-bulkship-531843
https://www.marinelink.com/news/company-consolidation-forms-nyk-bulkship-531843Svitzer has signed a Letter of Intent (LoI) with Cochin Shipyard to construct a new generation of electric TRAnsverse tugs in India.The agreement marks a clear step forward in Svitzer’s electrification roadmap and in strengthening India’s role as a global maritime manufacturing hub.Under the LoI…
https://www.marinelink.com/news/svitzer-inks-deal-cochin-shipyard-build-531845
https://www.marinelink.com/news/svitzer-inks-deal-cochin-shipyard-build-531845Today, Friday, October 31 2025, the Baltic Dry Index decreased by 17 points, reaching 1966 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-1966-down-17-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1966-down-17-points/Southampton Marine Services Ltd (SMS Group), the UK's largest independent ship repairer, has secured a major USD$3.94 million (£3 million) contract with German cruise company AIDA to refit the first of three ships in Marseilles, thanks in part…
https://www.marinelink.com/news/southampton-marine-services-secures-m-531787
https://www.marinelink.com/news/southampton-marine-services-secures-m-531787HII reported results for the third quarter of fiscal 2025.Highlights:Third quarter revenues were a record $3.2 billionThird quarter net earnings were $145 million or $3.68 diluted earnings per shareCompleted builder’s sea trials for guided missile…
https://www.marinelink.com/news/hii-reports-q-results-531791
https://www.marinelink.com/news/hii-reports-q-results-531791Unifeeder, a DP World company, has signed a Memorandum of Understanding (MoU) with India’s Sagarmala Finance Corporation Limited (SMFCL), a Government of India Enterprise under the Ministry of Ports, Shipping and Waterways to collaborate on…
https://www.marinelink.com/news/unifeeder-sagarmala-finance-corporation-531792
https://www.marinelink.com/news/unifeeder-sagarmala-finance-corporation-531792Financially, 2024 was a positive year for Damen Shipyards Group. Revenue remained just above USD$3.47 billion (3 billion euros). Net profit rose from USD$49.8 million (43 million euros) to USD$67.1 million (58 million euros). The order book…
https://www.marinelink.com/news/damen-shipyards-group-reports-profit-531795
https://www.marinelink.com/news/damen-shipyards-group-reports-profit-531795