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Indian owner Great Eastern Shipping is pressing ahead with its fleet renewal initiative, having contracted to buy a 2015-built kamsarmax bulk carrier. The unnamed 81,843 dwt vessel is expected to change hands by October, the Mumbai-listed diversified owner said in a stock exchange filing. While the company has not provided any further details, brokers have …
https://splash247.com/great-eastern-picks-up-secondhand-kamsarmax/
https://splash247.com/great-eastern-picks-up-secondhand-kamsarmax/Schoeller Holdings has returned to China’s Huangpu Wenchong Shipbuilding with an order for a pair of 1,900 teu containerships. The Cyprus-based owner is paying between $31m and $32m per vessel, with deliveries scheduled for 2028. The deal continues a long-standing relationship between Schoeller and the Guangzhou-based yard, which has delivered nearly 30 vessels to the …
https://splash247.com/schoeller-in-for-boxship-newbuild-brace/
https://splash247.com/schoeller-in-for-boxship-newbuild-brace/A Chinese buyer has signed a deal this week to import 30,000 metric tons of Argentine soymeal, as feed producers move to lock in cheaper supplies from South America, two trade sources told Reuters on Friday. The cargo, priced at $345 per metric ton, including freight, is scheduled for shipment between September and October, the ...
https://www.hellenicshippingnews.com/china-buys-more-argentine-soymeal-as-feedmakers-seize-on-cheaper-prices-sources-say/Capesize The gains in the Capesize timecharter average from last week were reversed, with the 5TC closing at $27,331 on Friday—down $4,425 week-on-week. The surge in the North Atlantic paused, with fronthaul rates settling thick below $50,000 and the transatlantic run closing at $31,214 per day. The C3 index (Brazil/West Africa to China) with end ...
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-endure-hard-week-of-downside/
https://www.hellenicshippingnews.com/dry-bulk-market-capesizes-endure-hard-week-of-downside/The global bulk carrier fleet is aging. With a 12% annual increase in carriers aged 21 years or older and 32% of global tonnage now over 15 years old, a significant proportion of the world’s bulker ships are reaching the latter part of their operational lifespan . Given that the average lifespan of these vessels ...
https://www.hellenicshippingnews.com/how-to-maximise-the-earning-potential-of-your-aging-bulker-fleet/Eco Marine Power Co., Ltd. announced that it has commenced evaluation trials of its updated solar power system known as Aquarius Marine Solar Power, and the first of several photovoltaic (PV) module technologies. The trials, planned to run for 12 to 18 months…
https://www.marinelink.com/news/eco-marine-power-launches-evaluation-528602
https://www.marinelink.com/news/eco-marine-power-launches-evaluation-528602Indian Register of Shipping (IRS) has provided Quality Assurance (QA) services during Hindustan Shipyard Limited’s (HSL) fastest-ever “normal refit” of an EKM‑class submarine, which was successfully completed on July 21, 2025. A national benchmark…
https://www.marinelink.com/news/indian-register-shipping-provides-quality-528603
https://www.marinelink.com/news/indian-register-shipping-provides-quality-528603The migration route from Libya across the Mediterranean, used by thousands seeking a way to get to Europe, was a top issue at a meeting on Friday between the leaders of Turkey, Italy and Libya in Istanbul, Turkey's presidency said.President…
https://www.marinelink.com/news/mediterranean-leaders-discuss-migration-528605
https://www.marinelink.com/news/mediterranean-leaders-discuss-migration-528605Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said.While U.S.
https://www.marinelink.com/news/us-commerce-disorganization-stalls-528607
https://www.marinelink.com/news/us-commerce-disorganization-stalls-528607Today, Friday, August 01 2025, the Baltic Dry Index climbed by 15 points, reaching 2018 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2018-up-15-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2018-up-15-points/