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The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose for a tenth consecutive session on Wednesday to hit a near two-year high, driven by gains across all vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 92 ...
https://www.hellenicshippingnews.com/rising-rates-across-vessel-segments-push-baltic-index-to-near-two-year-high/Newbuild deliveries in 2025, in cgt terms, are set to be the highest since the end of the last boom in 2012. How long the shipbuilding boom will last forms the lead in the November edition of Splash Extra, our sister title that is now free to read. The monthly title also contains the key …
https://splash247.com/assessing-the-longevity-of-todays-shipbuilding-boom/
https://splash247.com/assessing-the-longevity-of-todays-shipbuilding-boom/Ray Car Carriers has moved deeper into the crude tanker sector, locking in four VLCC newbuildings at HD Hyundai in South Korea as owners rush to secure remaining large-tanker slots. Industry sources said the Abraham Rami Ungar-controlled company is behind a fresh order disclosed by HD Korea Shipbuilding & Offshore Engineering late last week. The …
https://splash247.com/ray-car-carriers-loads-up-on-vlccs-in-fresh-hd-hyundai-splurge/
https://splash247.com/ray-car-carriers-loads-up-on-vlccs-in-fresh-hd-hyundai-splurge/Seaspan is set to push beyond its boxship roots with a debut entry into the very large ethane carrier (VLEC) market through a major newbuilding programme in China. Shipbrokers say the Bing Chen-led owner has set sights on up to six 100,000 cu m VLECs at Jiangnan Shipyard, part of China State Shipbuilding Corp (CSSC). …
https://splash247.com/seaspan-poised-to-enter-ethane-carrier-business/
https://splash247.com/seaspan-poised-to-enter-ethane-carrier-business/The UK P&I Club and the TT Club have announced that they are currently engaged in discussions regarding a potential merger between the two mutual insurers. The clubs have worked closely together for many years through their common manager, Thomas Miller. At their meetings in November, the boards of both clubs agreed to explore the …
https://splash247.com/uk-pi-club-and-tt-club-enter-merger-discussions/
https://splash247.com/uk-pi-club-and-tt-club-enter-merger-discussions/The next year will be defined by technology that makes wind-assist easier to install, measure and justify — and the data now coming back from ships is already strengthening the commercial case, says Clare Urmston, chief executive of UK rotor sails supplier Anemoi. She says the company is pushing ahead with upgrades across its product …
https://splash247.com/anemoi-rotor-sail-payback-window-tightening-as-regulation-bites/
https://splash247.com/anemoi-rotor-sail-payback-window-tightening-as-regulation-bites/South Korea’s largest LNG shipowner is heading for new ownership as private equity firm IMM is readying to sell Hyundai LNG Shipping to Indonesia’s Sinar Mas Group in a deal valued at around KRW400bn ($274m). Market sources in Korea said the IMM consortium, which controls 100% of the company, is set to sign a stock …
Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President…
https://www.marinelink.com/news/lebanon-cyprus-clear-path-gas-exploration-532901
https://www.marinelink.com/news/lebanon-cyprus-clear-path-gas-exploration-532901Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding…
https://www.marinelink.com/news/vantage-drilling-reports-q-results-532909
https://www.marinelink.com/news/vantage-drilling-reports-q-results-532909Panama is participating this week in the 34th session of the Assembly of the International Maritime Organization (IMO), the most significant forum within the global maritime system and the specialized governing body of the United Nations, from November 24 to 28.
https://www.marinelink.com/news/panama-strengthens-global-leadership-532910
https://www.marinelink.com/news/panama-strengthens-global-leadership-532910