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Global Perspective Global coal demand reached 8.79 billion tons in 2024, marking a new record. According to the IEA’s Coal Mid-Year Update 2025 (July, 2025), consumption is expected to plateau at similar levels in 2025, reflecting a critical shift. In China, coal demand fell by around 0.5% in the first half of 2025, as electricity ...
https://www.hellenicshippingnews.com/is-coal-trade-entering-a-turning-point/
https://www.hellenicshippingnews.com/is-coal-trade-entering-a-turning-point/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a one-and-a-half year high on Thursday as rates climbed across vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 26 points to 2,266 points, its highest level ...
https://www.hellenicshippingnews.com/baltic-index-hits-one-and-a-half-year-high-on-strong-vessel-demand/Singapore offshore vessel player and shipyard Marco Polo Marine will be expanding its fleet with the addition of two newbuild anchor handling tug supply (AHTS) vessels. With a combined value of approximately $34m, the vessels are expected to join the fleet in 2026. With these additions, the group’s offshore fleet will expand from a total …
https://splash247.com/marco-polo-marine-expands-fleet-with-two-new-ahts-vessels/
https://splash247.com/marco-polo-marine-expands-fleet-with-two-new-ahts-vessels/DEME, through its Taiwanese joint venture CDWE with CSBC Corporation, has secured a contract for the Formosa 4 offshore wind farm in Taiwan, covering the transport and installation of 35 foundations and the offshore substation, as well as the…
https://www.marinelink.com/news/deme-jv-secures-ti-job-formosa-offshore-530412
https://www.marinelink.com/news/deme-jv-secures-ti-job-formosa-offshore-530412Danish offshore wind installation firm Cadeler has taken delivery of its first A-class wind turbine installation vessel (WTIV), Wind Ally, designed to transport up to six sets of XXL monopile foundations per round trip.Wind Ally has become the…
https://www.marinelink.com/news/cadeler-welcomes-first-aclass-offshore-530415
https://www.marinelink.com/news/cadeler-welcomes-first-aclass-offshore-530415Compute Maritime, a London-based deep tech company and the developer of the world’s first generative AI tool for ship design, has taken charge of the U.K.-funded GenDSOM project to develop the next generation crew transfer vessel (CTV) with generative AI and additive manufacturing.The $940…
https://www.marinelink.com/news/compute-maritime-spearheads-aidriven-crew-530421
https://www.marinelink.com/news/compute-maritime-spearheads-aidriven-crew-530421Ørsted has signed a lease agreement for up to 100,000 square meters at the Port of Tyne, one of the UK’s major deep-sea ports, to support the development of its Hornsea 3 offshore wind farm.The site, located at Tyne Clean Energy Park in South Shields…
https://www.marinelink.com/news/rsted-picks-port-tyne-support-hornsea-530422
https://www.marinelink.com/news/rsted-picks-port-tyne-support-hornsea-530422Aker Solutions has become the first company in Europe to secure certification for unlimited beyond visual line of sight (BVLOS) drone operations, further advancing autonomous inspection for offshore platforms, onshore yards, process plants and…
https://www.marinelink.com/news/aker-solutions-reaches-new-heights-530425
https://www.marinelink.com/news/aker-solutions-reaches-new-heights-530425Today, Thursday, September 25 2025, the Baltic Dry Index climbed by 26 points, reaching 2266 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-climbs-to-2266-up-26-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2266-up-26-points/Singapore shipyard group Seatrium has signed a memorandum of understanding with India’s largest shipbuilder, Cochin Shipyard, to strengthen cooperation in the offshore sector across India and Asia. The agreement with Cochin Shipyard was signed by Seatrium’s wholly owned subsidiary, Seatrium Offshore Technology. Seatrium will bring its engineering excellence, specialised equipment, and offshore solutions and combine …
https://splash247.com/seatrium-teams-with-cochin-shipyard-to-tap-asia-offshore-market/
https://splash247.com/seatrium-teams-with-cochin-shipyard-to-tap-asia-offshore-market/