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Two tankers linked to Russia’s shadow fleet were hit by blasts and caught fire in the Black Sea on Friday, prompting a major rescue response from Turkish authorities. All crewmembers from both ships are reported safe. The 150,000 dwt 2002-built suezmax Kairos was the first to issue a distress call after reporting an “external impact” …
https://splash247.com/black-sea-blasts-set-sanctioned-tankers-ablaze-off-turkish-coast/
https://splash247.com/black-sea-blasts-set-sanctioned-tankers-ablaze-off-turkish-coast/Iron ore futures prices dipped on Friday, but logged their third straight weekly gain on recent infrastructure demand. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.19% lower at 794 yuan ($112.18) a metric ton. The contract gained 1.14% this week. The benchmark December iron ore (SZZFZ5) on ...
https://www.hellenicshippingnews.com/iron-ore-posts-third-weekly-gain-on-infrastructure-demand/
https://www.hellenicshippingnews.com/iron-ore-posts-third-weekly-gain-on-infrastructure-demand/The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, climbed to its highest level in nearly two years on Friday and was on course for a weekly gain, driven by strong demand for capesize vessels. The main index, which factors in rates for capesize, panamax and supramax ...
https://www.hellenicshippingnews.com/baltic-index-rises-to-nearly-2-year-high-on-strong-capesize-demand/Most coal exporting countries have seen lower exports so far in the year, with Indonesia being no exception. The main “culprit” is China’s diminished appetite for seaborne coal imports. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Oct 2025, global seaborne coal loadings declined by -3.6% y-o-y to 1,089.5 mln t (excluding ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-chinas-coal-imports-down-13-in-2025/
https://www.hellenicshippingnews.com/dry-bulk-shipping-chinas-coal-imports-down-13-in-2025/The UK government has announced during its presentation of the budget that the windfall tax, introduced in 2022, would remain in place until 2030. Under the windfall tax, formally known as the Energy Profits Levy, operators are handing over 78% of their profits to the UK Treasury—one of the highest rates in the world. According …
https://splash247.com/uk-oil-and-gas-sector-set-to-lose-66bn-over-decision-to-retain-windfall-tax/
https://splash247.com/uk-oil-and-gas-sector-set-to-lose-66bn-over-decision-to-retain-windfall-tax/Today, Friday, November 28 2025, the Baltic Dry Index climbed by 80 points, reaching 2560 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-2560-up-80-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2560-up-80-points/Peter Borup, the CEO of Quadrise, writes for Splash today. The maritime industry has a fuel problem. Despite a clear change in rhetoric in recent years regarding the need for shipping to decarbonise, 100% of the industry continues to rely, in some form, on fossil-fuel powered ships, whilst coal, oil and gas represent at least …
https://splash247.com/waiting-for-the-perfect-alternative-fuel-isnt-an-option/
https://splash247.com/waiting-for-the-perfect-alternative-fuel-isnt-an-option/South Korea’s Hyundai Glovis has signed a long-term charter deal for liquefied natural gas (LNG) carrier newbuild with a global trading company. Under the agreement, the Seoul-based shipping arm of the Hyundai Motor Group will build a new 174,000 cu m unit to carry LNG under a contract lasting up to 15 years. The company …
https://splash247.com/hyundai-glovis-clinches-15-year-lng-newbuild-deal/
https://splash247.com/hyundai-glovis-clinches-15-year-lng-newbuild-deal/Singapore-based large bulkers specialist Winning International Group has returned to Hengli Shipbuilding for another round of very large ore carrier newbuildings, securing two more 325,000 dwt vessels to support its West Africa–China trade. Newbuilding sources say the latest contract follows the company’s order last year for six ships of the so-called WinningMax class, with deliveries …
https://splash247.com/winning-back-at-hengli-for-more-vloc-newbuilds/
https://splash247.com/winning-back-at-hengli-for-more-vloc-newbuilds/Evalend Shipping has moved to bulk up its suezmax newbuilding programme in South Korea, with the Greek owner eyeing another two units at HD Hyundai as crude tanker contracting continues at pace. Shipbuilding players have linked the Kriton Lendoudis-led company to a fresh pair of 157,000 dwt newbuildings, understood to be scrubber-fitted and set to …
https://splash247.com/evalend-adds-to-expanding-suezmax-line-up/
https://splash247.com/evalend-adds-to-expanding-suezmax-line-up/