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Eyal Ofer’s Zodiac Maritime has joined the latest wave of crude carrier orders, placing a major VLCC newbuilding programme in China as part of its broader $1.6bn fleet renewal drive. The London-based owner has ordered six firm and up to eight conventionally fuelled VLCCs from Jiangsu New Hantong Ship Heavy Industry, marking its biggest move …
https://splash247.com/zodiac-maritime-unleashes-1-6bn-vlcc-and-boxship-play-in-china/
https://splash247.com/zodiac-maritime-unleashes-1-6bn-vlcc-and-boxship-play-in-china/The S&P market is seeing strong momentum. In terms of age profile, 10–15-year-old ships are once again among the most sought-after, supported by capesize rates now closing in on the $45,000 per day mark—levels not seen in years. Tokyo-headquartered NYK Bulkship has agreed to sell the 2012-built, 107,000 dwt NBA Rembrandt, with multiple brokers pointing …
https://splash247.com/capes-changing-hands-for-increasing-sums/
https://splash247.com/capes-changing-hands-for-increasing-sums/The capesize market is ending the year with a burst of momentum rarely seen outside cyclical peaks, as tightening tonnage and strengthening long-haul trade routes drive spot rates to their highest levels in two years. Spot rates leapt by more than $6,000 yesterday to approach the $45,000 mark. Despite softness in global steel markets – …
https://splash247.com/capesize-rates-charge-past-40000-a-day-as-tonnage-tightens-across-basins/
https://splash247.com/capesize-rates-charge-past-40000-a-day-as-tonnage-tightens-across-basins/DNV has granted a Type Approval Design Certificate (TADC) to CSSC Shanghai Marine Energy Saving Technology (CMES-Tech) for its new 35-meter tilting type wind assisted rotor system.This is the first domestically developed rotor sail system in…
https://www.marinelink.com/news/dnv-approves-cmestechs-tilting-rotorsail-533137
https://www.marinelink.com/news/dnv-approves-cmestechs-tilting-rotorsail-533137Hanwha Ocean has delivered the Wind Mover wind turbine installation vessel (WTIV) to offshore wind contractor Cadeler, completing the second vessel in the company’s M-class series about one month ahead of schedule.The vessel was formally signed over on November 28 and sailed away on December 2…
https://www.marinelink.com/news/cadelers-wtiv-newbuild-en-route-europe-533138
https://www.marinelink.com/news/cadelers-wtiv-newbuild-en-route-europe-533138Today, Wednesday, December 03 2025, the Baltic Dry Index climbed by 245 points, reaching 2845 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-2845-up-245-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2845-up-245-points/Today, Thursday, December 04 2025, the Baltic Dry Index decreased by 31 points, reaching 2814 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-2814-down-31-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2814-down-31-points/Marine decarbonization testing and advisory services company VPS has launched the latest update of its digital data-driven decarbonization platform, Maress 2.0.Maress monitors main engine and emissions equipment performance for offshore vessels.
https://www.marinelink.com/news/vps-updates-digital-decarbonization-533112
https://www.marinelink.com/news/vps-updates-digital-decarbonization-533112Almost A$9 million ($6 million) worth of cocaine hidden inside a refrigerated shipping container (reefer) has been seized after Australian authorities intercepted the cargo on its arrival into Port Botany in New South Wales.Australian Border…
https://www.marinelink.com/news/australia-intercepts-cocaine-hidden-533113
https://www.marinelink.com/news/australia-intercepts-cocaine-hidden-533113ClassNK has issued an Approval in Principle (AiP) for Spray form insulation system of IMO Type B tank for LNG and ammonia fuel developed by Nihon Shipyard and Hankuk Carbon.The certification demonstrates its feasibility from regulatory and safety perspectives.Traditionally…
https://www.marinelink.com/news/classnk-issues-aip-spray-form-insulation-533114
https://www.marinelink.com/news/classnk-issues-aip-spray-form-insulation-533114