Access cargoes, ship positions, ships and parts for sale, news, events and jobs
Floater specialist BW Offshore has confirmed it is carrying out a limited strategic review, responding to ongoing market rumours. The Oslo-listed company said it has hired Pareto Securities to support the process as it assesses “potential options”, adding that it will provide updates when appropriate. BW Offshore is one of the most established names in …
https://splash247.com/fpso-player-bw-offshore-weighs-options/
https://splash247.com/fpso-player-bw-offshore-weighs-options/Greek dry bulk owner Diana Shipping has fixed its 2013-built capesize on a new period charter with Glencore Freight, securing cover through at least late 2026. The 2013-built P S Palios will earn a gross rate of $25,200 per day, less 5% commission, for a period running to November 15, 2026, with an option for …
https://splash247.com/diana-shipping-fixes-capesize-to-glencore/
https://splash247.com/diana-shipping-fixes-capesize-to-glencore/Greek tanker owner Performance Shipping has confirmed that the planned forward sale of its 2009-built aframax P Sophia has fallen through after the vessel was not selected for an offshore conversion project. The company said the buyer, an unnamed third party, informed it that the P Sophia did not make the final cut for a …
https://splash247.com/performance-shipping-keeps-oldest-tanker-as-fpso-conversion-bid-fails/
https://splash247.com/performance-shipping-keeps-oldest-tanker-as-fpso-conversion-bid-fails/Ocean engineering researchers at Texas A&M University are developing a smart system to combat collisions between ships and stationary structures such as offshore platforms. By combining raw radar imaging data with advanced machine learning, the researchers have created SMART-SEA…
https://www.marinelink.com/news/texas-am-develops-smart-navigation-533207
https://www.marinelink.com/news/texas-am-develops-smart-navigation-533207Major carrier CMA CGM has announced its INDAMEX service will transit Suez Canal on fronthaul and backhaul voyages between India/Pakistan and US East Coast in a notable step towards a largescale return of container ships to the Red Sea region.The…
https://www.marinelink.com/news/red-sea-return-imminent-container-533208
https://www.marinelink.com/news/red-sea-return-imminent-container-533208Brazil’s soybean exports jumped 64% in November from a year ago to 4.2 million metric tons, the government said, with good local supply allowing elevated shipments before the world’s largest importer China shifts to United States’ beans. Brazil soy exports normally fall towards the end of the year as the country approaches the new harvest ...
https://www.hellenicshippingnews.com/brazil-soy-exports-jump-64-in-november-ahead-of-chinese-shift-to-us/Capesize The market delivered a firm performance this week, characterised by early strength, a mid-week surge and a measured correction thereafter. Positive momentum was established in the Pacific, where steady miner activity and tightening tonnage lists kept C5 values anchored in the low-to-mid $12s. While sentiment eased slightly toward the end of the week, the ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-gaining-momentum/
https://www.hellenicshippingnews.com/dry-bulk-shipping-capesizes-gaining-momentum/Dalian iron ore futures slid on Friday and ended the week lower, as rising year-end seaborne shipments and tepid Chinese demand weighed. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! fell 1.01% to 785.5 yuan ($111.12) a metric ton. The contract ended the week 0.57% lower. The benchmark January iron ...
https://www.hellenicshippingnews.com/dalian-iron-ore-ends-week-lower-on-improved-supply-soft-chinese-demand/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, was dragged lower by weaker rates across segments on Friday, but logged a weekly gain, buoyed by near two-year highs hit earlier. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by ...
https://www.hellenicshippingnews.com/baltic-index-edges-down-on-lower-rates-but-posts-weekly-rise-on-earlier-highs/Samsung Heavy Industries (SHI) from South Korea has made significant advancements in the shipbuilding sector in the United States by forming two new collaborations in line with Washington’s initiative to boost domestic shipyards known as Make American Shipbuilding Great Again (MASGA). In a trilateral memorandum of agreement, SHI partnered with General Dynamics NASSCO and their …
https://splash247.com/samsung-heavy-forms-two-american-shipyard-tie-ups/
https://splash247.com/samsung-heavy-forms-two-american-shipyard-tie-ups/