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Today, Friday, February 13 2026, the Baltic Dry Index decreased by 12 points, reaching 2083 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-2083-down-12-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2083-down-12-points/Floater specialist BW Offshore has partnered with Houston-based offshore contractor McDermott to develop a blue ammonia FPSO, merging offshore production expertise with large-scale engineering to unlock low-carbon fuel production. Positioned near gas sources and CO₂ storage sites, the integrated unit processes up to 3m cu m of natural gas daily via subsea flowline, yielding over …
https://splash247.com/bw-offshore-and-mcdermott-team-to-develop-blue-ammonia-fpso/
https://splash247.com/bw-offshore-and-mcdermott-team-to-develop-blue-ammonia-fpso/China National Offshore Oil Corporation (CNOOC) has announced plans to increase offshore wind capacity by 40% this year, bringing total installed capacity to 3.5 GW. CNOOC chairman Zhang Chuanjiang announced the target, formed in partnership with turbine maker Ming Yang Smart Energy, will deploy advanced turbine models across China’s southern provinces. The expansion is occurring …
https://splash247.com/cnooc-targets-40-offshore-wind-capacity-ramp-up-in-2026/
https://splash247.com/cnooc-targets-40-offshore-wind-capacity-ramp-up-in-2026/Shipping consultant Frank Coles on seafaring’s shame and how systemic abuse thrives under self‑regulation. Seafaring is as old as world trade. All through time it is the lifeblood of an industry that appears to be without conscience. We see the systematic abuse of a global essential workforce on a daily basis In the last few …
https://splash247.com/the-industry-blind-spot-that-lets-crew-suffering-escalate/
https://splash247.com/the-industry-blind-spot-that-lets-crew-suffering-escalate/Oceanbird, the Alfa Laval–Wallenius joint venture, has secured its maiden commercial sale with an undisclosed owner ordering two Wing 560 wing sails for retrofit installation in Europe in early 2027. The order fills the first two production slots and marks the start of Oceanbird’s move from demonstration to commercial rollout of large‑scale wind propulsion. “This …
https://splash247.com/oceanbird-lands-first-commercial-order/
https://splash247.com/oceanbird-lands-first-commercial-order/Utah-based GenFlat Holdings has struck a six‑month trial agreement with Turkey’s Arkas Line to test the collapsible GenFlat container on a trade route beginning April 2026. The trial will evaluate the container’s operational performance and assess savings on empty repositioning, yard space and associated handling fees. GenFlat’s boxes collapse in 80 seconds and expand in …
https://splash247.com/arkas-to-trial-genflats-collapsible-containers/
https://splash247.com/arkas-to-trial-genflats-collapsible-containers/China Merchants Shipbuilding Industry Group is restoring shipbuilding at the long‑dormant Wuhan Qingshan yard and plans a full restart of main shipbuilding operations in 2026, injecting fresh capacity into a Chinese revival that is pushing national shipbuilding capacity back toward post-global financial crisis highs. Founded in the 1950s and once Hubei’s largest civilian yard, Qingshan …
https://splash247.com/china-merchants-to-restart-wuhan-qingshan-shipyard/
https://splash247.com/china-merchants-to-restart-wuhan-qingshan-shipyard/The US military chased a tanker across the world – from the Caribbean to the Indian Ocean – intercepting it on Monday in Washington’s ongoing crackdown on Venezuelan oil exports. Vanuatu warned of a fraudulent website impersonating its registry. The unauthorised website, operating under the domain registervu.com, copied content from Vanuatu’s own registry site. In related news, …
https://splash247.com/splash-wrap-the-week-in-shipping-in-233-words/
https://splash247.com/splash-wrap-the-week-in-shipping-in-233-words/Following pressure from the European Union and Ukraine, Cameroon’s government is finally clamping down on shadow ships using its register. Cameroon’s flag has grown by 126% over the past 12 months and is now Africa’s third-largest, according to data from Clarksons Research, largely thanks to Russian-linked tonnage entering its books. The average age of ships …
https://splash247.com/cameroon-clamps-down-on-shadow-fleet-as-flag-purge-begins/
https://splash247.com/cameroon-clamps-down-on-shadow-fleet-as-flag-purge-begins/Hong Kong terminal operator CK Hutchison has escalated its fight over two Panama Canal terminals by warning A.P. Moller‑Maersk that any attempt by APM Terminals to assume operations without Hutchison’s consent would trigger legal recourse and claims for damages. In a public update, Hutchison said it had notified the Panamanian state of a treaty dispute …
https://splash247.com/ck-hutchison-warns-maersk-off-balboa-and-cristobal/
https://splash247.com/ck-hutchison-warns-maersk-off-balboa-and-cristobal/