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The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, rose about 0.8% to the highest since February 2nd to 2,100 points on Monday, driven by gains across all segments. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, went up 0.9% to 3,209 points; and ...
https://www.hellenicshippingnews.com/baltic-dry-index-rises-to-2-week-high/
https://www.hellenicshippingnews.com/baltic-dry-index-rises-to-2-week-high/A 2004-built, Jamaica-flagged LR1 tanker tied to high-risk trading patterns has been reported sold for recycling, according to market sources. The 72,700 dwt unit, named Diana, which was sanctioned by the US Treasury’s OFAC in December, has now been tracked as anchored in the demolition zone at Alang s, with no price attached to the deal. …
https://splash247.com/sanctioned-lr1-tanker-heads-for-scrap-at-alang/
https://splash247.com/sanctioned-lr1-tanker-heads-for-scrap-at-alang/A 2002-built capesize bulker has been reported sold for demolition in Bangladesh, marking the first cape recycling deal of the year. The 176,000 dwt Beihai, a CSBC Kaohsiung-built unit now sailing under the flag of St Kitts & Nevis and managed by Green Ocean Ship Management, has surfaced as a rare vintage sale. Sources tell …
https://splash247.com/elderly-capesize-heads-for-bangladesh-recycling/
https://splash247.com/elderly-capesize-heads-for-bangladesh-recycling/Norwegian OSV owner Havila Shipping has secured a contract for one of its platform supply vessels (PSVs) with French energy giant TotalEnergies. According to an Oslo Børs filing, TotalEnergies’s Norwegian arm hired the Havila Herøy platform supplier for a period of 136 days. Havila Shipping added in the statement that the contract is expected to …
https://splash247.com/totalenergies-hires-havila-shipping-platform-supplier/
https://splash247.com/totalenergies-hires-havila-shipping-platform-supplier/Singapore-based liner operator SeaLead has appointed Cho Kit Wei as its new chief executive officer, promoting the current chief operating officer to the top role from March 2, 2026. Cho, a shipping executive with more than 20 years’ experience, has been with SeaLead since 2021. Before joining the company, he held senior roles at Simatech …
https://splash247.com/sealead-appoints-new-chief-executive/
https://splash247.com/sealead-appoints-new-chief-executive/New York-listed Israeli carrier ZIM Integrated Shipping Services has laid out the full terms of its agreed sale, confirming shareholders will receive $35 per share in cash under a merger deal that values the company at about $4.2bn. The price represents a 58% premium to ZIM’s closing share price on February 13, 2026, a 90% …
https://splash247.com/zim-sets-out-terms-of-4-2bn-hapag-lloyd-deal-outlines-new-zim-carve-out/
https://splash247.com/zim-sets-out-terms-of-4-2bn-hapag-lloyd-deal-outlines-new-zim-carve-out/Norwegian offshore support vessel owner Havila Shipping has secured contract with Equinor for its platform supply vessels (PSVs).The contract has been signed for Havila Herøy PSV, for an operation planned to be 136 days.The start is expected to be in first half of March…
https://www.marinelink.com/news/equinor-hires-havila-shippings-psv-535764
https://www.marinelink.com/news/equinor-hires-havila-shippings-psv-535764Energy and marine consultancy ABL has been appointed to provide marine warranty survey (MWS) services to support the offshore construction for the Phase 4 development of the Kamose offshore gas field development in the Mediterranean Sea for…
https://www.marinelink.com/news/abl-secures-work-egypts-kamose-gas-field-535765
https://www.marinelink.com/news/abl-secures-work-egypts-kamose-gas-field-535765Jifmar Group and Seavium have formalized a strategic partnership to deploy digital and artificial intelligence (AI) driven capabilities across Jifmar’s fleet and internal workflows, as offshore operators accelerate adoption of data-driven operations.Under the agreement…
https://www.marinelink.com/news/jifmar-seavium-partner-roll-ai-across-535767
https://www.marinelink.com/news/jifmar-seavium-partner-roll-ai-across-535767Russian wheat export prices rose last week as weather conditions continued to seriously hamper shipments from the country's southern ports, analysts said.The price of Russian wheat with 12.5% protein content for free-on-board (FOB) delivery…
https://www.marinelink.com/news/russian-wheat-prices-spike-shipping-535768
https://www.marinelink.com/news/russian-wheat-prices-spike-shipping-535768