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Wallenius Wilhelmsen has extended two major shipping contracts that together carry an estimated added value close to $500m. Chief customer officer Pia Synnerman said the renewals underscore “long and strong standing partnerships with shared commitment towards zero emissions and developing integrated supply chains”. The first agreement, with a leading premium European carmaker, has been prolonged …
https://splash247.com/wallenius-wilhelmsen-locks-in-nearly-500m-in-contract-extensions/
https://splash247.com/wallenius-wilhelmsen-locks-in-nearly-500m-in-contract-extensions/Emergency response services were put on alert in the English Channel after 18 containers fell overboard from Seatrade’s reefer containership Baltic Klipper during heavy weather on Saturday. Images of containers and plenty of bananas washing up on English shorelines were carried by UK media across the weekend. An investigation is likely to determine whether the …
https://splash247.com/containers-fall-overboard-in-english-channel/
https://splash247.com/containers-fall-overboard-in-english-channel/To add to the complications brought about by Ukraine’s renewed maritime attack campaign in and around the Black Sea, shipowners and charterers planning to call at Russian ports should brace for delays and heavy regulatory friction after Moscow introduced sweeping new entry rules for foreign vessels, the American Club has warned in an update to …
https://splash247.com/fsb-clearance-and-underwater-checks-slow-russian-port-calls/
https://splash247.com/fsb-clearance-and-underwater-checks-slow-russian-port-calls/The race to acquire state-controlled South Korean flagship HMM is heating up once again. Two years after the first sale attempt failed, Dongwon Group, South Korea’s largest fishing company, has signalled its renewed interest, stirring up the market. Although the company’s valuation has soared to as much as KRW10trn ($6.8bn), steelmaker POSCO, HD Hyundai, Hanwha …
https://splash247.com/bidders-circle-again-as-dongwon-revives-hunt-for-hmm/
https://splash247.com/bidders-circle-again-as-dongwon-revives-hunt-for-hmm/South Korea’s HD Hyundai has signed a partnership with the Tamil Nadu state government regarding the establishment of a new $2bn shipyard in Madurai in southern India. The Thoothukudi region of Tamil Nadu already hosts major Korean companies such as Hyundai Motor and Samsung Electronics, and large-scale investments are planned for nearby port facilities. The Indian …
https://splash247.com/hd-hyundai-readies-2bn-giant-yard-in-southern-india/
https://splash247.com/hd-hyundai-readies-2bn-giant-yard-in-southern-india/Crude oil production in the United States is booming, reports Poten & Partners in its weekly opinion.According to the U.S. Energy Information Administration, U.S. Field Production of Crude Oil reached 13.8 Million barrels per day (Mb/d) in September 2025…
https://www.marinelink.com/news/us-oil-production-growth-potential-533210
https://www.marinelink.com/news/us-oil-production-growth-potential-533210Contemporary Amperex Electric Vessel (CAEV), a subsidiary of CATL, officially launched the world's first and only "ship-shore-cloud" zero-carbon shipping and integrated smart port solution at Marintec China 2025.The solution is designed to increase vessel electrification.Su Yiyi…
https://www.marinelink.com/news/catl-unveils-shipshorecloud-electric-533212
https://www.marinelink.com/news/catl-unveils-shipshorecloud-electric-533212December has brought with it a declining Baltic Exchange, reports cash buyer GMS. This saw the Dry Index fall by about 3%, this week, dragged down by mounting pressure across all segments that saw capes slipping 4.4%, panamax dropping 1.4%, and the smaller segments shedding five basis points…
https://www.marinelink.com/news/low-supply-week-ship-recyclers-533214
https://www.marinelink.com/news/low-supply-week-ship-recyclers-533214Floater specialist BW Offshore has confirmed it is carrying out a limited strategic review, responding to ongoing market rumours. The Oslo-listed company said it has hired Pareto Securities to support the process as it assesses “potential options”, adding that it will provide updates when appropriate. BW Offshore is one of the most established names in …
https://splash247.com/fpso-player-bw-offshore-weighs-options/
https://splash247.com/fpso-player-bw-offshore-weighs-options/Greek dry bulk owner Diana Shipping has fixed its 2013-built capesize on a new period charter with Glencore Freight, securing cover through at least late 2026. The 2013-built P S Palios will earn a gross rate of $25,200 per day, less 5% commission, for a period running to November 15, 2026, with an option for …
https://splash247.com/diana-shipping-fixes-capesize-to-glencore/
https://splash247.com/diana-shipping-fixes-capesize-to-glencore/