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Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three-month periods ended March 31, 2025. The Board of Directors (“the Board”) of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Management Commentary Dr. Loukas Barmparis, President of the ...
https://www.hellenicshippingnews.com/safe-bulkers-inc-reports-lower-first-quarter-2025-results-as-dry-bulk-market-softened/In a period of especially great uncertainty, it is perhaps not surprising that bulk carrier owners are avoiding some hard decisions. In recent months bulk carrier newbuilding orders disappeared while sales for demolition remained minimal. Despite a rapidly ageing fleet, clear incentives for renewal are often still absent. How is this trend likely to evolve? ...
https://www.hellenicshippingnews.com/bulk-carrier-owners-tackling-hard-decisions/
https://www.hellenicshippingnews.com/bulk-carrier-owners-tackling-hard-decisions/The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, inched lower on Tuesday due to weaker demand for capesize vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, lost 7 points, or 0.5%, to 1,340. The capesize index was down 25 ...
https://www.hellenicshippingnews.com/baltic-index-inches-lower-on-weaker-capesize-rates/
https://www.hellenicshippingnews.com/baltic-index-inches-lower-on-weaker-capesize-rates/Brazilian oil and gas major Petrobras has signed an engineering, production, construction, and installation (EPCI) contract with Subsea 7 for the Búzios 11 Project, worth R$8.4bn ($1.48bn) The contract establishes a minimum requirement of 40% local content, but the expectation is to reach a percentage above 50%. In total, the deal is expected to generate …
https://splash247.com/petrobras-pens-epci-deal-with-subsea-7-worth-nearly-1-5bn/
https://splash247.com/petrobras-pens-epci-deal-with-subsea-7-worth-nearly-1-5bn/Ship engine manufacturer MAN Energy Solutions has developed the world’s most powerful two-stroke methanol engine. The engine, rated at 82,440kW at 80rpm, is currently being built by Chinese licensee CSSC-MES Diesel. This will be the first engine of 12 bound for a series of a dozen 24,000 teu container vessels currently under construction – seven …
https://splash247.com/man-energy-solutions-reveals-worlds-most-powerful-methanol-engine/
https://splash247.com/man-energy-solutions-reveals-worlds-most-powerful-methanol-engine/The UK has imposed sanctions on a British ship finance veteran for allegedly buying tankers for Russia’s shadow fleet. John Ormerod was blacklisted on Tuesday alongside two Russian captains, 18 shadow fleet vessels and 46 financial institutions in the latest wave of British sanctions against Russia. Last year, Financial Times uncovered how Russian oil producer …
https://splash247.com/uk-slaps-sanctions-on-british-ship-finance-veteran-over-shadow-fleet-deals/
https://splash247.com/uk-slaps-sanctions-on-british-ship-finance-veteran-over-shadow-fleet-deals/Norwegian offshore supply vessel owner DOF Group has secured four long-term charter and service contracts with Petrobras for its anchor handling tug supply (AHTS) vessels, worth approximately $480 million.As part of the new contracts, Skandi Iguaçu…
https://www.marinelink.com/news/dof-scoops-m-new-vessel-contracts-525921
https://www.marinelink.com/news/dof-scoops-m-new-vessel-contracts-525921Marlink published its Security Operations Center (SOC) report for the second half of 2024, and the news for maritime is not particularly good.The report finds that cybercriminals targeting maritime have streamlined their tactics, enhanced their…
https://www.marinelink.com/news/maritime-cyber-threats-grow-increasingly-525922
https://www.marinelink.com/news/maritime-cyber-threats-grow-increasingly-525922MMA Offshore, a subsidiary of Cyan Renewables, has secured a multi-year contract from Chevron Australia for its platform supply vessel (PSV) MMA Plover.The vessel has been contracted to provide marine logistics support to Chevron’s Barrow Island and Wheatstone assets…
https://www.marinelink.com/news/chevron-hires-mma-offshores-psv-support-525924
https://www.marinelink.com/news/chevron-hires-mma-offshores-psv-support-525924Geoquip Marine, a Njord Partners portfolio company, has completed a preliminary geotechnical site investigation for two 4 GW offshore wind projects.The investigation will support the developer in advancing the next phase of design for both project sites…
https://www.marinelink.com/news/geoquip-marine-wraps-surveys-german-525926
https://www.marinelink.com/news/geoquip-marine-wraps-surveys-german-525926