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The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, retreated for a second session on Thursday, dropping about 4.3% to its lowest since February 27 at 2,138 points. The larger vessel segments were hit by reduced traffic through the Strait of Hormuz, reflecting disruptions caused by the Middle East crisis. ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-near-1-week-low/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-near-1-week-low/Belgium’s Exmar has agreed to buy back the on of the VLGCs from its lessor, closing the loop on a sale-and-leaseback struck some five years ago. The Antwerp-based owner said the 88,000 cu m Flanders Innovation is currently financed under a lease agreement that included a purchase option. The option price was set in Japanese …
https://splash247.com/exmar-buys-back-vlgc/
https://splash247.com/exmar-buys-back-vlgc/Estonia’s Amisco is expanding its fleet with an order for two multipurpose dry cargo vessels in China. The Tallinn-based owner said it has contracted Jiangsu Dajin Heavy Industry to build a pair of 5,900 dwt ships, with deliveries scheduled for the first and second quarters of 2027. Steel cutting for the first vessel took place …
https://splash247.com/estonian-owner-amisco-moves-on-mpp-newbuilds/
https://splash247.com/estonian-owner-amisco-moves-on-mpp-newbuilds/India’s The Great Eastern Shipping has continued its steady fleet renewal drive, lining up another secondhand bulker as it reshapes its portfolio. The Mumbai-listed owner said it has contracted to buy a 2014-built Japanese kamsarmax, without providing any further details about the deal, except that the 81,094 dwt ship should join the fleet in the …
https://splash247.com/great-eastern-keeps-fleet-renewal-on-course-with-fresh-kamsarmax-buy/
https://splash247.com/great-eastern-keeps-fleet-renewal-on-course-with-fresh-kamsarmax-buy/Greek containership tonnage provider Costamare has expanded its newbuilding programme in China, adding four more 3,100 teu vessels to its growing series. The New York-listed owner, led by Konstantinos Konstantakopoulos, said it has signed up for the construction of the additional ships at a Chinese yard, with deliveries set between the fourth quarter of 2027 …
https://splash247.com/costamare-orderbook-hits-10-in-3100-teu-series/
https://splash247.com/costamare-orderbook-hits-10-in-3100-teu-series/GMS, the world’s largest cash buyer of ships for recycling, has called on the European Commission to approve qualified Indian ship recycling yards for inclusion on the European List under the EU Ship Recycling Regulation (EU SRR). Over 110 Indian yards already hold Hong Kong Convention (HKC) Statements of Compliance issued by IACS member classification …
https://splash247.com/gms-pushes-eu-to-recognise-indias-ship-recycling-capacity/
https://splash247.com/gms-pushes-eu-to-recognise-indias-ship-recycling-capacity/Monaco-based product tanker owner Scorpio Tankers has locked in long-term cover for two LR2s while agreeing to sell three ships, a move set to boost its cash position by about $110m. The New York-listed company said it has fixed the 2017-built 110,000 dwt STI Rambla for eight years at $30,500 per day. The charter is …
https://splash247.com/scorpio-tankers-lands-long-term-lr2-cover-and-shores-up-cash-with-triple-sale/
https://splash247.com/scorpio-tankers-lands-long-term-lr2-cover-and-shores-up-cash-with-triple-sale/Iran's Revolutionary Guards said on Thursday that they had hit a U.S. tanker in the northern part of the Gulf and the vessel was on fire.
https://www.marinelink.com/news/iran-says-us-tanker-hit-gulf-details-536550
https://www.marinelink.com/news/iran-says-us-tanker-hit-gulf-details-536550A Russian drone damaged a civilian Panama-flagged vessel that was transporting corn near the Ukrainian port of Chornomorsk in the Black Sea Odesa region, the Ukrainian Sea Ports Authority said late on Wednesday.The vessel was hit while en route out of the port and some of the crew were injured, the
https://www.marinelink.com/news/russian-drone-hits-cargo-ship-near-536552
https://www.marinelink.com/news/russian-drone-hits-cargo-ship-near-536552Brazilian firms OceanPact and CBO have announced plans to combine their businesses, creating what the companies described as the country’s most comprehensive integrated fleet and services platform for the offshore sector.The transaction will…
https://www.marinelink.com/news/oceanpactcbo-merger-form-vessel-fleet-536556
https://www.marinelink.com/news/oceanpactcbo-merger-form-vessel-fleet-536556