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Baltic Dry Index Rises for 3rd Day
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for the third session on Monday, rising about 0.5% to a fresh high since June 5 at 2,960 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for the third day,…
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People as Proof: why Greek shipping still needs human judgement behind vessel data
Greek shipping has always relied on judgement. Data matters, but owners, brokers, buyers and financiers have never made decisions on numbers alone. They look at the vessel, the timing, the market, the counterparty and the people behind the information. That is why the current debate around technology in shipping needs more balance. The industry now…
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Iranian floating crude storage decreases in June as sanctions relief clears cargoes
Floating storage of crude and condensate in East Asian waters declined month over month in June, with Southeast Asia volumes returning to the year-ago level as the Iranian crude overhang, which had built up since late 2025, unwound. The fall came as the US has suspended its blockage on seaborne Iranian trades since mid-June and…
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How Digitalisation Is Redefining Maritime Due Diligence
For most of shipping’s history, compliance has been a backward-looking exercise. A logbook entry record shows what has already happened. An audit checks what was already done. A vetting inspection samples a single day in a vessel’s life and extrapolates a verdict from it. Due diligence, in this model, is really an act of reconstruction:…
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Tanker traffic through Strait of Hormuz drops to two-month low
The number of tankers moving through the Strait of Hormuz dropped on Monday to its lowest level in two months, according to shipping data, as renewed military strikes between the U.S. and Iran and attacks on vessels raised safety concerns. Oil and gas tanker traffic fell to its lowest level since May 25, based on…
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El transporte de carbón por vía marítima crece un 14% en junio por las importaciones chinas
El comercio marítimo mundial de carbón aumentó un 14% en junio de este año respecto al mismo mes de 2025, impulsado principalmente por la recuperación de las importaciones chinas. Según un reciente análisis de BIMCO, el transporte marítimo de carbón con destino a China creció un 41% en junio respecto al mismo mes del…
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Noble’s 2013-built drillship lines up 296-day Southeast Asian job
Noble Corporation, a U.S.-based offshore drilling giant, has landed a new multi-well deal for one of its drillships off the coast of Brunei, Southeast Asia. The post Noble’s 2013-built drillship lines up 296-day Southeast Asian job appeared first on Offshore Energy.
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80% of the exhibition floor already booked: Secure your spot at OEEC 2026
With more than 80% of the exhibition floor already reserved, Offshore Energy Exhibition & […] The post 80% of the exhibition floor already booked: Secure your spot at OEEC 2026 appeared first on Offshore Energy.
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Velesto scraps proposed sale of 16-year-old jack-up rig
Malaysia’s Velesto Energy, owner of premium jack-up rigs, has called off a deal to offload a 2010-built jack-up rig. The post Velesto scraps proposed sale of 16-year-old jack-up rig appeared first on Offshore Energy.
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After TechnipFMC, Eni brings OneSubsea onboard Côte d’Ivoire project
OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a multi-well […] The post After TechnipFMC, Eni brings OneSubsea onboard Côte d’Ivoire project appeared first on Offshore Energy.