Access cargoes, ship positions, ships and parts for sale, news, events and jobs
Prices of iron ore futures hit a two-week high on Thursday, bolstered by China’s push to lower steel output as it tackles overcapacity. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended up 1.74% at 790.5 yuan ($110.51) a metric ton, the highest since August 14. The contract has risen 1.5% ...
https://www.hellenicshippingnews.com/iron-ore-hits-two-week-high-as-china-pushes-to-cut-steel-output/Exports volumes of major bulk, made up of iron ore, coal, or grains, remained flat m/m in July but edged 2% higher than the same period last year. Iron ore and grain exports drove this, as coal exports fell in July, continuing the weak performance of the commodity for much of 2025 so far. A ...
https://www.hellenicshippingnews.com/monthly-major-bulk-radar-slower-chinese-growth-forecast-in-2025-q3-and-q4/The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday due to weaker capesize rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, slipped 29 points, or 1.4%, to 2,017 points. The capesize index was down 105 points, or 3.5%, at ...
https://www.hellenicshippingnews.com/baltic-index-slips-on-weaker-capesize-rates-3/
https://www.hellenicshippingnews.com/baltic-index-slips-on-weaker-capesize-rates-3/Offshore engineering and services player Subsea 7 has been awarded a contract by the Turkish Petroleum Offshore Technology Centre for work on the Sakarya field. The project was awarded for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Turkey. Subsea 7’s scope includes engineering, procurement, construction, and installation …
https://splash247.com/subsea-7-bags-epci-work-on-turkish-field-in-the-black-sea/
https://splash247.com/subsea-7-bags-epci-work-on-turkish-field-in-the-black-sea/Offshore jackup rig player Borr Drilling has secured three new contracts for two of its units. In the North Sea, the 2013-built Prospector 1 has received separate binding letters of award from Dana Petroleum and ONE-Dyas in the Netherlands. The Dana Petroleum commitment is for one well, with an anticipated duration of 30 days, scheduled …
https://splash247.com/borr-drilling-nets-hat-trick-of-jackup-deals/
https://splash247.com/borr-drilling-nets-hat-trick-of-jackup-deals/Singapore shipyard group Seatrium has won a contract to upgrade Golar’s Hilli Episeyo FLNG unit. The project involves technical modifications for the FLNG’s redeployment. The unit is scheduled to enter the yard in the third quarter of 2026. The scope of work includes engineering and procurement of long-lead items, repair, life extension, and winterisation of …
https://splash247.com/seatrium-secures-golar-contract-for-major-flng-upgrade/
https://splash247.com/seatrium-secures-golar-contract-for-major-flng-upgrade/V.Ships pleaded guilty yesterday at a court in Texas to violating the Act to Prevent Pollution from Ships and was sentenced to pay a $2m fine. V.Ships admitted that oily bilge water and oily waste was discharged from the Swift Winchester, a chemical tanker, and the discharges were omitted from the oil record book. Between …
https://splash247.com/v-ships-hit-with-2m-fine-in-the-us-over-oil-discharge/
https://splash247.com/v-ships-hit-with-2m-fine-in-the-us-over-oil-discharge/Greek family-run Bright Navigation, founded in 2008, has been steadily growing in the dry bulk sector. Sales registers show that the company has now acquired the 2013-built, 81,700 dwt kamsarmax Istria, renamed Peter S, for approximately $17.2m. The bulker was built at Wuhu Xinlian and was purchased from Germany’s Bertling Shipping. This marks the Stefanou family-run …
https://splash247.com/bright-navigation-builds-presence-in-the-greek-dry-bulk-scene/
https://splash247.com/bright-navigation-builds-presence-in-the-greek-dry-bulk-scene/Indonesian miner Geo Energy Resources is to buy 51% stakes in two local shipping firms – Trans Maritim Pratama (TMP) and Bahari Segara Maritim (BSM) – which combined own 27 tugboats and 27 barges, which will be used to ship coal. The total cost for the two acquisitions comes in at $127.5m, and is pursuant …
https://splash247.com/indonesian-miner-buys-out-two-local-shipping-firms/
https://splash247.com/indonesian-miner-buys-out-two-local-shipping-firms/Höegh Autoliners has placed a landmark order for ammonia-burning Everllence B&W ME-LGIA engines – the first of this new fuel type to propel any car carrier in the world. Four 7S60ME-LGIA dual-fuel engines will be delivered from the company formerly known as MAN Energy Solutions to an Asian shipyard in connection with the construction of …
https://splash247.com/hoegh-autoliners-orders-first-ever-ammonia-engines-for-car-carriers/
https://splash247.com/hoegh-autoliners-orders-first-ever-ammonia-engines-for-car-carriers/