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The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a 10-session losing streak on Friday, supported by gains in capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 7 points, or 0.4%, to 1,675, after hitting over a ...
https://www.hellenicshippingnews.com/baltic-index-snaps-10-session-losing-streak-as-capesize-rates-gain/Crisis-hit Harland & Wolff, a British shipyard group, has been given a lifeline as it fights off going into administration. The company has reached a deal with its existing Wall Street lender Riverstone to expand its credit facility, on which it pays 14% interest, from £90m ($114.6m) to £110m. The shipyard group, famous for …
https://splash247.com/harland-wolff-secures-vital-loans-to-stave-off-administration/
https://splash247.com/harland-wolff-secures-vital-loans-to-stave-off-administration/A new shipping venture from the Prokopiou clan in Greece has emerged with brokers reporting a first LR1 purchase. Marielena Procopiou, the daughter of Greek tycoon George Prokopiou, is behind a new shipowning outfit named Akrotiri Tankers. The company quietly made its first purchase in May, adding the 2008-built, 77,000 dwt Hafnia Thames from Hafnia. The ship …
https://splash247.com/new-prokopiou-tanker-venture-emerges/
https://splash247.com/new-prokopiou-tanker-venture-emerges/Mitsui O.S.K. Lines (MOL) has been awarded an approval in principle (AiP) by ClassNK for the design of a membrane LNG Carrier with Wind Challenger wind-assisted propulsion system.The AiP marks the world's first approval for an LNG carrier with a wind-assisted propulsion system…
https://www.marinelink.com/news/mol-secures-worlds-first-aip-lng-carrier-515641
https://www.marinelink.com/news/mol-secures-worlds-first-aip-lng-carrier-515641Australian authorities have made a major drug bust in Port Botany, uncovering a large shipment of methamphetamine in an inbound shipping container arriving from the United States.The discovery was made on July 22 when Australian Border Force…
https://www.marinelink.com/news/million-worth-meth-seized-port-botany-515645
https://www.marinelink.com/news/million-worth-meth-seized-port-botany-515645A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources…
https://www.marinelink.com/news/iranian-oil-link-complicate-insurance-515647
https://www.marinelink.com/news/iranian-oil-link-complicate-insurance-515647Höegh Autoliners' Höegh Aurora, the world's largest pure car and truck carrier (PCTC) vessel, will soon embark on its maiden voyage and commence commercial operations following delivery at a naming ceremony next week.The newbuild is the first…
https://www.marinelink.com/news/worlds-largest-car-carrier-hegh-aurora-515648
https://www.marinelink.com/news/worlds-largest-car-carrier-hegh-aurora-515648Norwegian shipbuilder Vard has signed a contract with Wind Energy Construction for the design and construction of a new energy construction vessel (ECV), securing also an option for one additional vessel.Wind Energy Construction is a Norwegian…
https://www.marinelink.com/news/vard-build-energy-construction-vessel-515649
https://www.marinelink.com/news/vard-build-energy-construction-vessel-515649Australian authorities last month located, intercepted and apprehended an Indonesian vessel illegally fishing and shark finning inside the Australian Territorial Sea near New Year Island, approximately 294 kilometers north-east of Darwin.Australian…
https://www.marinelink.com/news/australia-busts-indonesian-fishermen-515650
https://www.marinelink.com/news/australia-busts-indonesian-fishermen-515650The Renewables Infrastructure Group (TRIG) is to offload part of its stake in the 330 MW Gode Wind 1 offshore wind farm in Germany. The London-listed green energy investment company said it had struck a €100m ($108m) deal with infrastructure investor Equitix to part ways with a 15.2% stake in the wind farm at a …
https://splash247.com/trig-cuts-stake-in-german-offshore-wind-farm/
https://splash247.com/trig-cuts-stake-in-german-offshore-wind-farm/