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Golden Ocean Group Limited the world’s largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended March 31, 2025. Highlights Net loss of $44.1 million and loss per share of $0.22 (basic) for the first quarter of 2025, compared to net income of $39.0 million and earnings ...
https://www.hellenicshippingnews.com/golden-ocean-report-first-quarter-net-loss-of-44-1-million/
https://www.hellenicshippingnews.com/golden-ocean-report-first-quarter-net-loss-of-44-1-million/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell on Wednesday to a near one-week low due to weaker rates for capesize and panamax vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 3 points, or 0.2%, to ...
https://www.hellenicshippingnews.com/baltic-index-falls-to-near-one-week-low/
https://www.hellenicshippingnews.com/baltic-index-falls-to-near-one-week-low/The ship recycling market has remained stagnant over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the global ship recycling market remained largely stagnant this week, with limited activity across key regions. In India, conditions were unchanged, with persistent liquidity issues and weak steel ...
https://www.hellenicshippingnews.com/ship-demolition-still-stagnant/
https://www.hellenicshippingnews.com/ship-demolition-still-stagnant/Kumiai Navigation is expanding its dry bulk fleet with an ultramax newbuilding order in China. The Singapore-based subsidiary of Japan’s Kumiai Senpaku has contracted one 64,000 dwt unit at Nantong COSCO KHI Ship Engineering (NACKS) for around $35m. The subsidiary of COSCO Shipping Heavy Industry is expected to deliver the vessel in the second quarter …
https://splash247.com/kumiai-navigation-orders-ultramax-at-nacks/
https://splash247.com/kumiai-navigation-orders-ultramax-at-nacks/Knutsen NYK Offshore Tankers (KNOT) has firmed up a contract with Cosco Shipping Heavy Industry (Zhoushan) for an additional suezmax shuttle tanker newbuilding. The Haugesund-based joint venture set up in 2010 by Trygve Seglem’s Knutsen and Japanese line Nippon Yusen Kaisha (NYK) has exercised its option for a 154,000 dwt unit, following a deal for …
https://splash247.com/knot-firms-up-shuttle-tanker-newbuild-in-china/
https://splash247.com/knot-firms-up-shuttle-tanker-newbuild-in-china/Midline Shipping has been established, a Dubai-headquartered shipowner set to offer regular services in the Mediterranean. The company is deploying the 1,032 dwt, 1990-built Mimer roro on a service linking set to start on Friday linking Italy, Turkey and Libya with calls in Venice, Brindisi, Misurata, Benghazi, and Izmir. The Finnish-flagged Mimer provides total roro …
https://splash247.com/eastern-med-focused-midline-shipping-launches/
https://splash247.com/eastern-med-focused-midline-shipping-launches/Offshore engineering and services player Subsea 7 has announced a third contract award in as many days, this time in West Africa. Under the contract, Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of an FPSO vessel, as well as the pre-laying activities for an …
https://splash247.com/subsea-7-hot-streak-continues-with-west-africa-contract/
https://splash247.com/subsea-7-hot-streak-continues-with-west-africa-contract/A consortium led by Morek Engineering has unveiled its design concept for a new vessel class for the floating offshore wind (FLOW) market, having completed the first feasibility stage. Consortium partners include naval architects Solis Marine Engineering, innovation specialists Tope Ocean, marine operations specialists First Marine Solutions, and Celtic Sea Power. The project is part …
https://splash247.com/morek-engineering-unveils-floating-wind-installation-vessel-concept/
https://splash247.com/morek-engineering-unveils-floating-wind-installation-vessel-concept/ESVAGT, OSK Design, and Hvide Sande Shipyard have joined forces to raise the bar in offshore wind logistics with the development of a next-generation transfer boat, which has been designed to carry more technicians and cargo.ESVAGT and its partners…
https://www.marinelink.com/news/new-transfer-boat-set-hornsea-offshore-525994
https://www.marinelink.com/news/new-transfer-boat-set-hornsea-offshore-525994For more than 120 years, Tsuneishi Shipbuilding has been a force in global shipbuilding, evolving from a small domestic enterprise into an internationally respected brand. Established in 1903 by Katsutaro Kambara, Tsuneishi's journey mirrors…
https://www.marinelink.com/news/shipyard-focustsuneishi-shipbuilding-525996
https://www.marinelink.com/news/shipyard-focustsuneishi-shipbuilding-525996