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The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was mostly unchanged on Monday as gains in capsize countered weakness in smaller vessel segments. * The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, rose 3 points, or 0.16%, to 1,847. * ...
https://www.hellenicshippingnews.com/baltic-index-steady-as-gains-in-capesize-offset-lower-rates-for-smaller-vessels-2/Facing unprecedented business challenges from the likes of Elon Musk’s Starlink and a raft of low-Earth-orbit (LEO) satellite providers such as OneWeb, Inmarsat Maritime has today made its response known. Inmarsat, the dominant satellite communications provider to the shipping industry this century, today unveiled NexusWave, a network offering high-speed connectivity, unlimited data and global coverage, …
https://splash247.com/inmarsat-unveils-its-response-to-elon-musks-starlink/
https://splash247.com/inmarsat-unveils-its-response-to-elon-musks-starlink/One of China’s most active owners, Agricore, is again on the move, buying and selling ships. It is hovering in the market for ships built around 2010 while selling its smaller assets. The outfit trusts the cape segment, being linked to its fourth cape in five months while selling two smaller ships in the same …
https://splash247.com/chinas-agricore-buys-capes/
https://splash247.com/chinas-agricore-buys-capes/Japanese trading house Mitsui & Co is investing an undisclosed sum in a shipping fund managed by Denmark’s Navigare Capital Partners. The Tokyo-based company will, together with its subsidiary Mitsui & Co. Alternative Investments, put money into Navigare Capital’s third maritime investment fund, targeting $650m in capital and focusing on a diverse range of sustainable …
https://splash247.com/mitsui-puts-money-into-navigare-capital-partners-shipping-fund/
https://splash247.com/mitsui-puts-money-into-navigare-capital-partners-shipping-fund/Privately owned Saltchuk Resources has agreed to take over the New York-listed operator of Jones Act tankers and oil tug barges, Overseas Shipholding Group (OSG). The deal gives OSG an aggregate equity value of about $653m and a total transaction value of $950m. Saltchuk will acquire all outstanding shares of OSG it does not already …
https://splash247.com/saltchuk-resources-to-take-over-overseas-shipholding-group/
https://splash247.com/saltchuk-resources-to-take-over-overseas-shipholding-group/The specialized vessel Sapura Ônix is on its way to Atlanta Field in Santos Basin, offshore Brazil, where it will carry out the installation of subsea equipment to support the oil production, targeted for August 2024.Brazilian oil and gas company…
https://www.marinelink.com/news/sapura-nix-heads-atlanta-field-install-513842
https://www.marinelink.com/news/sapura-nix-heads-atlanta-field-install-513842Despina Panayiotou Theodosiou voiced gratitude at being selected as recipient of the first ever IMO Gender Equality award, presented by Secretary-General Arsenio Dominguez ahead of the International Maritime Organization Women in Maritime 2024 event.
https://www.marinelink.com/news/panayiotou-theodosiou-nabs-imo-gender-513844
https://www.marinelink.com/news/panayiotou-theodosiou-nabs-imo-gender-513844One chapter of Norsepower’s remarkable growth story ends and another begins as Tuomas Riski passes his CEO position onto Heikki Pöntynen, who has been a member of Norsepower’s board. Pöntynen has vast experience in maritime growth companies…
https://www.marinelink.com/news/pntynen-takes-helm-norsepower-513848
https://www.marinelink.com/news/pntynen-takes-helm-norsepower-513848Mobile satellite communications provider Inmarsat, a Visata company, has launched NexusWave, a fully managed connectivity service designed to improve maritime communications and global coverage at sea.NexusWave is underpinned by a bonded multi-dimensional network…
https://www.marinelink.com/news/inmarsat-launches-nexuswave-boost-513850
https://www.marinelink.com/news/inmarsat-launches-nexuswave-boost-513850EDGE and Fincantieri have formalized the launch of a joint venture dubbed MAESTRAL, a JV created in the shipbuilding sector based in Abu Dhabi. The JV is aiming to capture global opportunities in the design and manufacturing of naval vessels.
https://www.marinelink.com/news/m-order-placed-offshore-patrol-vessels-513854
https://www.marinelink.com/news/m-order-placed-offshore-patrol-vessels-513854