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The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, edged down on Friday due to weakness in smaller vessel segments, but was set to post a weekly gain on capesize advances. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 2 ...
https://www.hellenicshippingnews.com/baltic-index-heads-for-weekly-gain-on-capesize-strength/
https://www.hellenicshippingnews.com/baltic-index-heads-for-weekly-gain-on-capesize-strength/Two high-profile names from opposite sides of the world — Asian shipping tycoon Chavalit Frederick Tsao and Norwegian impact investor Tharald Nustad — have teamed up to create a new ocean impact vehicle aimed squarely at Asia. The pair yesterday unveiled the Asia Ocean Fund, a $75m investment initiative co-managed by Tsao’s Octave Capital and …
https://splash247.com/tsao-and-nustad-launch-75m-asia-ocean-fund/
https://splash247.com/tsao-and-nustad-launch-75m-asia-ocean-fund/South Korea’s HD Hyundai Heavy Industries has confirmed it is in talks with multiple firms to buy a US shipyard, a move aimed at tapping into Washington’s resurgent naval build-up under president Donald Trump. A senior HD Hyundai executive told Reuters in Ulsan that the Korean conglomerate has set a target of $2.2bn in annual …
https://splash247.com/hd-hyundai-eyes-us-yard-in-bid-to-cash-in-on-trumps-shipbuilding-revival/
https://splash247.com/hd-hyundai-eyes-us-yard-in-bid-to-cash-in-on-trumps-shipbuilding-revival/Lockton, the world’s largest independent insurance broker, has released a report highlighting mounting financial pressures on the International Group of P&I Clubs despite modest premium increases. The report also highlights the crisis of suicides at sea. The 2024/25 policy year saw the clubs report a collective underwriting loss of $312m, reversing two years of surpluses …
https://splash247.com/pi-claims-hit-a-ten-year-peak/
https://splash247.com/pi-claims-hit-a-ten-year-peak/The hundreds of events across the British capital that made up London International Shipping Week have served as a sounding board over the past few days for backers and opponents of the International Maritime Organization’s Net Zero Framework, due for a vote next month. The debate dominated headlines and dialogue in London, with adoption of …
https://splash247.com/splash-wrap-net-zero-dogfight-erupts-in-london/
https://splash247.com/splash-wrap-net-zero-dogfight-erupts-in-london/Some of the biggest names in world shipping are rallying against the International Maritime Organization’s (IMO) flagship Net-Zero Framework (NZF), just weeks before it comes up for adoption in October. John Fredriksen’s Frontline, George Economou’s TMS Group, Evangelos Marinakis’s Capital Maritime & Trading, the Angelicoussis Group, and Saudi giant Bahri are among a powerful group …
Mia Elg, R&D Manager at Deltamarin, says there’s not many of the company’s new designs, no matter what the vessel type is, that don’t include batteries.Installing smaller battery capacity to a diesel engine driven vessel with electrical power train can enable spinning reserve.
https://www.marinelink.com/news/batteries-looking-beyond-spinning-reserve-530202
https://www.marinelink.com/news/batteries-looking-beyond-spinning-reserve-530202Belgium-based offshore installation services company DEME has ordered a new Offshore Construction Vessel (OCV), which will be built by PaxOcean at the Zhoushan shipyard in China.The new OCV will strengthen DEME’s subsea cable installation capacity…
https://www.marinelink.com/news/deme-orders-new-offshore-construction-530208
https://www.marinelink.com/news/deme-orders-new-offshore-construction-530208Exmar has signed contracts with Regasificadora Del Pacífico (RDP) for the deployment of a floating storage unit (FSU) on the west coast of Colombia.RDP is developing a fast-track LNG import solution in the inner bay of Buenaventura, under a…
https://www.marinelink.com/news/exmar-signs-fsu-deal-colombias-lng-import-530209
https://www.marinelink.com/news/exmar-signs-fsu-deal-colombias-lng-import-530209Mitsui O.S.K. Lines (MOL) has completed the biofuel bunkering operation for its capesize bulk carrier Lambert Maru in Singapore, with the vessel now underway on its first biofuel-powered voyage carrying cargo for Anglo American.The 292-meter-long Lambert Maru…
https://www.marinelink.com/news/mols-capesize-bulker-starts-first-530210
https://www.marinelink.com/news/mols-capesize-bulker-starts-first-530210