krogragg

Category: United States

  • US grants 30‑day waiver to let Russian crude already at sea be delivered to India

    US grants 30‑day waiver to let Russian crude already at sea be delivered to India The US Treasury has issued a narrowly targeted, 30‑day sanctions waiver allowing Indian refiners to accept Russian‑origin crude and petroleum cargoes already loaded aboard tankers by way of helping fill the gap left by the ongoing war between Iran and…

  • Houthis vow to resume attacks following Iranian strikes

    Houthis vow to resume attacks following Iranian strikes With the US and Israel attacking Iran on Saturday, Iranian allies, the Houthis from Yemen, have vowed to resume attacks on commercial shipping in and around the Red Sea, bringing to a close a four-month cessation of violence at sea.  Shipping organisation BIMCO suggested ships with business…

  • McQuilling buys Spanish broker

    McQuilling buys Spanish broker New York tanker broker McQuilling has bought Madrid-based Medco Shipbrokers for an undisclosed sum, the latest in a period of significant consolidation for the shipbroking sector. “This integration enhances our combined market presence, broadens our service capabilities, and strengthens the value we deliver to clients and counterparties worldwide. By aligning our…

  • US naval forces board sanctioned Iran-linked tanker in Indian Ocean

    US naval forces board sanctioned Iran-linked tanker in Indian Ocean US naval forces have boarded the Cook Islands-flagged tanker Bertha within the US Indo-Pacific Command Area of Responsibility in the Indian Ocean. The US Department of War stated that forces conducted a “right-of-visit maritime interdiction and boarding” overnight without incident. The Department said on X…

  • Maersk and MSC handed temporary running of Hutchison’s Panamanian terminals

    Maersk and MSC handed temporary running of Hutchison’s Panamanian terminals Maersk and Mediterranean Shipping Co (MSC) have moved in to run key terminals at the entrances to the Panama Canal after Panama published a Supreme Court ruling annulling long‑running concessions held by CK Hutchison’s Panama Ports Company (PPC), clearing the way for an immediate handover…

  • Trump tariff turmoil clouds transpacific contracting season

    Trump tariff turmoil clouds transpacific contracting season Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway.  On Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally…

  • Oregon maps four offshore wind futures, from zero build to 3GW

    Oregon maps four offshore wind futures, from zero build to 3GW The US state of Oregon has unveiled a draft offshore wind roadmap outlining four potential futures off its deepwater west coast, from zero turbines to 3 GW of floating wind, with public input open until April 3. Gestating since June 2024, the Oregon Department…

  • MISC wins contract to supply first-ever Papua New Guinea FSO

    MISC wins contract to supply first-ever Papua New Guinea FSO Malaysia’s MISC has secured a bareboat charter deal with ExxonMobil to supply Papua New Guinea’s first offshore floating storage and offloading (FSO) unit. The 15-year firm contract carries an option for ExxonMobil’s Papua New Guinea arm to extend another 15 years. Operations will kick off…

  • TGS expands Gulf of Mexico footprint with new OBN campaign

    TGS expands Gulf of Mexico footprint with new OBN campaign Oslo-listed seismic data specialist TGS, in strategic collaboration with SLB, has announced the launch of Engagement 9, the latest phase of its ocean bottom node multi-client campaign in the Gulf of Mexico. Engagement 9 covers 161 OCS blocks in the Walker Ridge protraction area, one…

  • Splash Wrap: Ports in a storm

    Splash Wrap: Ports in a storm The deepening dispute between Panama and China over two key ports at the Panama Canal was a constant source of headlines following a landmark Supreme Court ruling that invalidated CK Hutchison’s long-held concession contracts. A trade pact between the US and India that cuts American tariffs and ties New…

  • NYK and Ocean Yield clinch LNG carrier deal with Cheniere

    NYK and Ocean Yield clinch LNG carrier deal with Cheniere Japan’s Nippon Yusen Kaisha (NYK), together with Norwegian shipleasing player Ocean Yield, has locked in long-term charter contracts for a series of new liquefied natural gas carriers with US LNG heavyweight Cheniere. The fixture confirms market talk that emerged in December when NYK and Ocean…

  • Trump taps Laura DiBella to lead US shipping watchdog

    Trump taps Laura DiBella to lead US shipping watchdog President Donald Trump has named Laura DiBella as the new chairman of the Federal Maritime Commission, filling a leadership gap at the US maritime regulator as it takes on a more assertive role in global shipping oversight. DiBella, a former Florida secretary of commerce, was designated…

  • International Seaways keeps pruning with $185m tanker sell-off

    International Seaways keeps pruning with $185m tanker sell-off International Seaways is once again thinning out its fleet, pressing ahead with the sale of older ships as it reshapes its balance sheet and trading exposure. The New York-listed tanker owner said it has sold, or agreed to sell, five vessels since the start of the year,…

  • Galveston LNG Bunker Port teams up with TOTE to build Jones Act bunker fleet

    Galveston LNG Bunker Port teams up with TOTE to build Jones Act bunker fleet Texas-based Galveston LNG Bunker Port (GLBP) has struck a strategic partnership with TOTE Services to develop and operate a fleet of dedicated Jones Act LNG bunker vessels for the US Gulf Coast. Under a newly signed heads of agreement, GLBP and…

  • US sanctions another nine vessels linked to Iran

    US sanctions another nine vessels linked to Iran Friday saw the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) slap sanctions on nine more shadow fleet vessels and their respective owners or management firms over their ties to Iran. “The Iranian regime is engaged in a ritual of economic self-immolation—a process that…

  • Houthis tease new strikes amid US carrier build‑up in the Gulf

    Houthis tease new strikes amid US carrier build‑up in the Gulf As a US carrier strike group makes its way to the Gulf, a familiar foe to commercial shipping has reared its head for the first time in months.  A video titled ‘Soon’ published overnight by the Houthis, carried below, suggests the Iranian-backed Yemeni military…

  • James Fisher buys stake in US autonomous vessel specialist

    James Fisher buys stake in US autonomous vessel specialist UK-based marine services group James Fisher and Sons has taken a strategic minority stake in US autonomous vessel specialist Ocean Aero, joining the company’s Series D funding round. The investment gives James Fisher increased exposure to autonomous marine systems as it looks to expand its technology…

  • Greenland control and tariffs threaten to destabilise transatlantic shipping

    Greenland control and tariffs threaten to destabilise transatlantic shipping Donald Trump has reiterated his vow to “100%” place tariffs on European countries that oppose his demand to take control of Greenland, with liners on the north Atlantic trades already coming under pressure. Westbound rates on the transatlantic container tradesfrom Europe to the US are already…

  • Modec taps DOF for FPSO mooring gig off Guyana

    Modec taps DOF for FPSO mooring gig off Guyana Norwegian offshore vessel owner DOF has won a turn-key contract award with Modec’s Guyana arm for the provision of mooring pre-lay for the Hammerhead FPSO project offshore Guyana. DOF’s North America subsea team will provide in-house project management, engineering, procurement, logistics, transportation and installation utilising DOF’s…

  • Diana ups pressure on Genco with full board challenge

    Diana ups pressure on Genco with full board challenge A full-blown boardroom fight is taking shape in the dry bulk sector after Diana Shipping moved to nominate an entirely new slate of directors at Genco Shipping & Trading, escalating a standoff over consolidation and control. Athens-based Diana, which owns about 14.8% of Genco, said it…

  • US forces seize sixth tanker linked to Venezuelan trades

    US forces seize sixth tanker linked to Venezuelan trades US Southern Command has apprehended the 2003-built Veronica aframax during a pre-dawn operation yesterday, the sixth tanker with Venezuelan links to be taken by American forces in recent weeks. The Veronica, previously known as Pegas and Lana, has a troubled history; it was seized by Greek…

  • Equinor taps Archer for deepwater P&A work in Gulf of Mexico

    Equinor taps Archer for deepwater P&A work in Gulf of Mexico Norwegian offshore service provider Archer, in collaboration with SLB, has been awarded an integrated plug and abandonment contract with Equinor for the Titan platform in the Gulf of Mexico. The service offerings under the contract include project management, well engineering, provision of a compact…

  • US targets ‘dozens’ of Venezuela‑linked tankers in shadow fleet squeeze

    US targets ‘dozens’ of Venezuela‑linked tankers in shadow fleet squeeze The United States is gearing up to grab a lot more Venezuela‑linked tonnage, with scores of seizure warrants now in play as Washington tightens its grip on the country’s oil exports and the shadow fleet that moves them. According to sources quoted by Reuters, the…

  • US tightens naval grip on Venezuelan oil exports with new tanker seizure

    US tightens naval grip on Venezuelan oil exports with new tanker seizure US forces are continuing the pressure on Venezuela with the seizure of a third tanker in just two days. Maritime security specialist Vanguard said that the falsely flagged Timor-Leste tanker Olina had been seized by US forces in the Caribbean after breaking away…

  • US seizes renamed Venezuela-linked VLCC after weeks-long chase

    US seizes renamed Venezuela-linked VLCC after weeks-long chase The US forces have seized two Venezuela-linked tankers, one after a two-week chase, a name change, and reports of a Russian submarine nearby. One of the tankers seized by US authorities is the 2002-built VLCC Marinera, formerly known as the Bella 1. While still under its previous…

  • Venezuela crisis widens gap between mainstream and grey tonnage

    Venezuela crisis widens gap between mainstream and grey tonnage The extradition of Venezuelan president Nicolás Maduro to the United States has sent fresh ripples through tanker markets, not because barrels have suddenly disappeared, but because the political shock is reshaping trade routes, risk appetite and the definition of what constitutes tradable tonnage. Brokers and analysts…

  • LLOG awards installation work on US Gulf of Mexico field to Subsea7

    LLOG awards installation work on US Gulf of Mexico field to Subsea7 Offshore engineering and services player Subsea7 has won a deal from US exploration and production company LLOG Exploration for work on the Buckskin South Expansion project. The scope of work includes the transportation and installation of a subsea umbilical and a rigid flowline…

  • Second tanker seized as US tightens Venezuela oil net

    Second tanker seized as US tightens Venezuela oil net US authorities have intercepted and boarded an oil tanker carrying Venezuelan crude east of Barbados, marking the second seizure of a vessel linked to Venezuela’s oil trade and the first since President Donald Trump ordered a blockade on sanctioned tankers moving to and from the country.…

  • Sanctions enforcement intensifies as US seizes third Venezuela-linked tanker

    Sanctions enforcement intensifies as US seizes third Venezuela-linked tanker US authorities have seized a third oil tanker linked to Venezuela after a pursuit in the Caribbean Sea. This is also the second tanker seized by US forces in less than 24 hours. The US Coast Guard tried to intercept the 2002-built VLCC Bella 1 late…

  • Trump moves to choke Venezuelan oil shipping with ‘total and complete’ tanker blockade

    Trump moves to choke Venezuelan oil shipping with ‘total and complete’ tanker blockade In a major escalation of maritime pressure on Caracas, US president Donald Trump has ordered “a total and complete blockade of all sanctioned oil tankers going into, and out of, Venezuela,” intensifying efforts to squeeze president Nicolás Maduro’s lifeline crude exports. The…

  • US identifies dozens of tankers for possible seizure

    US identifies dozens of tankers for possible seizure Washington is gearing up for a wave of tanker seizures off Venezuela as the Trump administration revives and escalates sanctions enforcement against the country’s oil trade. A day after announcing the dramatic capture of a stateless VLCC (pictured) carrying sanctioned Venezuelan crude, the US treasury on Thursday…

  • Diana Shipping tables buyout offer for Genco

    Diana Shipping tables buyout offer for Genco Diana Shipping has made its move on New York-listed Genco Shipping & Trading, tabling a cash offer to acquire all remaining shares it does not already own at $20.60 per share. The Athens-based owner, led by chief executive Semiramis Paliou, holds 14.8% of Genco after steadily building its…

  • Atlas Maritime revealed as seller in $194m Okeanis suezmax deal

    Atlas Maritime revealed as seller in $194m Okeanis suezmax deal Greek owner Okeanis Eco Tankers disclosed last week that it is expanding its crude fleet with the purchase of two suezmax newbuilding resales. Brokers now reveal the seller as Atlas Maritime, with the vessels identified as Viking Star and North Star.  The New York- and…

  • US targets sprawling Iranian shadow fleet network in latest sanctions drive

    US targets sprawling Iranian shadow fleet network in latest sanctions drive The United States has unveiled one of its most extensive crackdowns to date on the Iranian oil-ecosystem, blacklisting a web of front companies, intermediaries and tankers that Washington says bankroll Tehran’s armed forces through clandestine crude sales. The action, announced overnight by the US…

  • SLB OneSubsea bags work on BP’s Gulf of Mexico project

    SLB OneSubsea bags work on BP’s Gulf of Mexico project SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has won a contract from energy major BP for a subsea boosting system in the Tiber deepwater development off the US. This engineering, procurement and construction (EPC) contract for Tiber comes in close…

  • Genco bulks up with newcastlemax brace

    Genco bulks up with newcastlemax brace US-based Genco Shipping & Trading has struck a deal to buy two modern, scrubber-fitted newcastlemax bulk carriers for a combined $145.5m, marking the company’s first move into the segment. The New York-listed owner, led by John Wobensmith, expects to take delivery of the 208,000 dwt vessels in the first…

  • American private equity eyes Korean yard investment

    American private equity eyes Korean yard investment Taekwang Group has muscled into the bidding war for K Shipbuilding, joining forces with TPG, a US private equity firm formerly known as Texas Pacific Group. The consortium has submitted a letter of intent to acquire management control of the Jinhae-based yard, one of three confirmed bidders for…

  • Samsung Heavy to build Amogy ammonia power systems

    Samsung Heavy to build Amogy ammonia power systems US ammonia power specialist Amogy has teamed up with Samsung Heavy Industries (SHI) in a multi-year strategic partnership to manufacture its ammonia-to-power systems in South Korea. Under the agreement, SHI will set up a dedicated facility to produce and test Amogy’s systems for both maritime and land-based…

  • Newbuild bulker design to lock away carbon at sea

    Newbuild bulker design to lock away carbon at sea Climate-tech start-up Calcarea and Dutch naval architect Aurelia Design have joined forces to develop a commercial ship design integrating ocean-based carbon capture technology. The partnership will combine Calcarea’s limestone weathering system — a process that removes CO₂ by accelerating its natural reaction with seawater and limestone…

  • Norden extends partnership with wood pellet maker Enviva

    Norden extends partnership with wood pellet maker Enviva Danish shipowner Norden has signed a new two-year contract of affreightment with US-based wood pellet producer Enviva, covering shipments from the US to Europe starting in 2026. Under the agreement, Norden will carry multiple handysize cargoes of wood pellets from loading ports along the US East and…

  • TGS secures multi-year survey agreement with Chevron

    TGS secures multi-year survey agreement with Chevron Oslo-listed seismic data specialist TGS and US supermajor Chevron have signed a three-year capacity agreement for marine streamer and OBN acquisition services. The minimum firm commitment under the three-year term of the capacity agreement is 18 months of a combination of OBN and streamer acquisition services. The two…

  • APM Terminals and Alabama Port move ahead with Mobile expansion

    APM Terminals and Alabama Port move ahead with Mobile expansion APM Terminals and the Alabama Port Authority have agreed to move ahead with a $131m expansion at the Port of Mobile, adding a new 1,300-foot container berth to handle growing trade volumes through the Gulf of Mexico gateway. The “Phase V” project will boost berth…

  • Stena offloads fire-damaged tanker for repair in Turkey

    Stena offloads fire-damaged tanker for repair in Turkey Stena Bulk has sold the fire-damaged Stena Immaculate to an undisclosed buyer who plans to repair the vessel at Desan Shipyard in Turkey. The Swedish tanker owner confirmed the sale, saying the deal involves the 2017-built 49,700-dwt MR unit, which was badly damaged in a collision with…

  • China and India step back from Russian oil under US pressure

    China and India step back from Russian oil under US pressure The oil markets are in flux today as tanker trades retrench and Russia’s two largest buyers of oil pause buying the fuel that has helped fund Moscow’s war in Ukraine for the past three and a half years.  News has emerged in the past…

  • Splash Wrap: Sanctions, shadow fleets, and shifting tides

    Splash Wrap: Sanctions, shadow fleets, and shifting tides US president Donald Trump unveiled sweeping sanctions on Russia’s top oil producers, Rosneft and Lukoil, this week in his most extensive energy crackdown since returning to office. Aimed at forcing Moscow toward peace talks, the measures cut the companies off from US banking and dollar systems. The…

  • Trump’s Russian oil sanctions set to redraw global tanker trading map

    Trump’s Russian oil sanctions set to redraw global tanker trading map US president Donald Trump has imposed sweeping new sanctions on Russia’s two biggest oil producers, Rosneft and Lukoil, in what he described as “tremendous sanctions” aimed at forcing Moscow to the negotiating table over its war in Ukraine. The sanctions have the potential to…

  • Rising US deportations of Filipino crew spark diplomatic intervention

    Rising US deportations of Filipino crew spark diplomatic intervention The Philippines has demanded an explanation from Washington after a rising number of Filipino seafarers were reportedly denied entry to the United States and deported in recent months. In a statement issued on Tuesday, the Philippine Embassy in Washington, DC, said it had sought clarification from…

  • Shipping heavyweights join bid to standardise emissions tracking

    Shipping heavyweights join bid to standardise emissions tracking Carbon Measures, a new global coalition representing major businesses from diverse industries and geographies, including famous names from shipping, ports and large charterers, has launched this week seeking to establish what they claim is a more accurate carbon accounting framework as well as to drive market-based solutions…

  • ABS buys MetaSHIP in digital training push

    ABS buys MetaSHIP in digital training push US classification society ABS has agreed to acquire the MetaSHIP training and simulation platform from Orka Informatics, following in the footsteps of its UK peer Lloyd’s Register, which bought Ocean Technologies Group (OTG) in late 2024. The move marks another major step by a leading class society into…

  • Panamax boxship hit with $1.7m Shanghai fee as China’s new port levies bite

    Panamax boxship hit with $1.7m Shanghai fee as China’s new port levies bite $1.7m. That’s the fee – or RMB12.1m – that the German owners of the US-flagged Matson Waikiki are being forced to pay to allow the vessel to dock in Shanghai, a sizeable sum, and an indication of the chaos, and costs, that…

  • IMO’s green dream meets America’s red line

    IMO’s green dream meets America’s red line While the majority of opening statements at yesterday’s opening of the latest Marine Environment Protection Committee (MEPC) were broadly in favour of the International Maritime Organization’s (IMO) Net-Zero Framework (NZF), the US delegation stood out once again for its outspoken opposition to the proposed green legislation. The American…

  • Trump administration threatens sanctions over IMO climate vote

    Trump administration threatens sanctions over IMO climate vote The Trump administration’s weaponisation of trade and shipping reached a new level on Friday, with Washington threatening to sanction nations that vote in favour of the International Maritime Organization’s (IMO) upcoming Net Zero Framework (NZF) — a global plan to cut shipping’s greenhouse gas emissions. In a…

  • ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds

    ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds ExxonMobil has moved to enter the LNG marine bunkering market with two purpose-built vessels, as it looks to expand its portfolio of lower-emission marine fuels. The US energy major will begin operations in 2027, deploying two LNG bunker ships — one chartered from Avenir LNG…

  • US hits Iranian energy export network and Chinese import hub in sweeping sanctions move

    US hits Iranian energy export network and Chinese import hub in sweeping sanctions move The US has imposed sweeping sanctions on a vast network tied to Iran’s oil and gas exports, blacklisting more than 50 individuals and entities and identifying more than 30 vessels linked to shipments of sanctioned crude and LPG — including one…

  • Sanctions list swells, momentum fades

    Sanctions list swells, momentum fades Over the past five years, the number of sanctioned vessels has expanded steadily, rising from around 350 in September 2020 to roughly 1,700 by September 2025, according to analysis from maritime analytics firm Kpler. The overlap between various administrations sanctioning ships is also finally starting to grow with greater coordination…

  • Alternative lender Hudson Structured raises $719m for ship finance

    Alternative lender Hudson Structured raises $719m for ship finance US alternative financier Hudson Structured Capital Management (HSCM) has raised $719m for its latest shipping vehicle, marking the Connecticut-based firm’s largest maritime fund to date. The new fund, Hudson Northern Shipping Fund V (HNSF V), exceeded its $700m target, underscoring continued investor appetite for ship finance…

  • USTR fees could impact 35% of key sectors’ ships: BIMCO

    USTR fees could impact 35% of key sectors’ ships: BIMCO When fees from the Office of the United States Trade Representative (USTR) targeting Chinese dominance of the maritime sector come into effect next week on October 14, 35% of ships in the combined bulk, crude tanker, product tanker and container fleet could be subject to…

  • US unveils payment rules for new China vessel fees

    US unveils payment rules for new China vessel fees US Customs provided over the weekend more details about the upcoming hiked port fees for Chinese-linked tonnage, due to come into effect next week. The notice makes clear: the burden for determining liability lies squarely with the vessel operator, not US Customs. Vessels failing to show…

  • Genco adopts poison pill to limit hostile takeovers

    Genco adopts poison pill to limit hostile takeovers US-based dry bulk owner Genco Shipping & Trading has adopted a limited-duration shareholder rights plan designed to prevent a takeover of the company. The rights plan is effective immediately and has a one-year duration expiring on September 30, 2026. Pursuant to the plan, Genco will issue one right…

  • Diana Shipping doubles down on Genco stake with $103m outlay

    Diana Shipping doubles down on Genco stake with $103m outlay Greek dry bulk owner Diana Shipping has lifted its holding in New York-listed peer Genco Shipping & Trading to nearly 15%, becoming the company’s largest known shareholder. Regulatory filings show the Semiramis Paliou-led owner spent about $103.5m between late April and the end of September…

  • Costamare and Cargill set course for joint dry bulk ventures

    Costamare and Cargill set course for joint dry bulk ventures Costamare Bulkers has signed a wide-ranging cooperation agreement with Cargill, shifting focus toward steadier earnings while deepening ties with one of the dry bulk sector’s largest charterers. The New York-listed Greek owner said the deal includes transferring to Cargill most of its trading book, covering…

  • TechnipFMC bags work on Exxon’s seventh Guyana project

    TechnipFMC bags work on Exxon’s seventh Guyana project Offshore contracting giant TechnipFMC has been awarded a contract to supply subsea production systems for ExxonMobil’s Hammerhead development in Guyana’s Stabroek Block. TechnipFMC will provide project management, engineering, and manufacturing of subsea production systems supporting both production and water injection capabilities. The subsea architecture will include products…

  • California regulator clears path for US firm to design and build zero-emission vessels

    California regulator clears path for US firm to design and build zero-emission vessels U.S.-based ship design and building company Ghostworks Marine has been given the go-ahead from […] The post California regulator clears path for US firm to design and build zero-emission vessels appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Seatrium offloads US shipyard to Karpowership

    Seatrium offloads US shipyard to Karpowership Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would allow the company to enhance capital and operational efficiencies while unlocking value from one of…

  • HD Hyundai eyes US yard in bid to cash in on Trump’s shipbuilding revival

    HD Hyundai eyes US yard in bid to cash in on Trump’s shipbuilding revival South Korea’s HD Hyundai Heavy Industries has confirmed it is in talks with multiple firms to buy a US shipyard, a move aimed at tapping into Washington’s resurgent naval build-up under president Donald Trump. A senior HD Hyundai executive told Reuters…

  • Leadership handover at Pangaea as long-serving CEO Filanowski retires

    Leadership handover at Pangaea as long-serving CEO Filanowski retires Newport-based Pangaea Logistics Solutions has confirmed a leadership transition with CEO Mark Filanowski stepping down at the turn of the year after more than a decade at the helm. Chief operating officer Mads Petersen will take over as president and CEO from January 1, 2026. Filanowski,…

  • Baker Hughes secures Petrobras contract extension for vessel duo

    Baker Hughes secures Petrobras contract extension for vessel duo Oilfield services giant Baker Hughes has signed a multi-year agreement with Petrobras to extend the deployment of two stimulation vessels. The award, which followed an open tender, also includes the provision of associated chemicals and services. The 2008-built Blue Marlin and the 2013-built Blue Orca will…

  • ABS boss urges ‘timeout’ on IMO climate push

    ABS boss urges ‘timeout’ on IMO climate push With 28 days to go until the vital extraordinary session of the Marine Environment Protection Committee (MEPC) convenes at the London headquarters of the International Maritime Organization (IMO), the battle lines have been drawn sharply.  In a surprise intervention, Christopher Wiernicki, the departing chairman and CEO of…

  • UK and US to commit to boosting nuclear power capacity

    UK and US to commit to boosting nuclear power capacity Companies from the United Kingdom (UK) and the United States (U.S.) have signed “major” […] The post UK and US to commit to boosting nuclear power capacity appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • US unleashes its largest sanctions package aimed at the Houthis

    US unleashes its largest sanctions package aimed at the Houthis Yesterday, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) unveiled its largest sanctions to date against the Houthis, designating 32 individuals and entities, including a Dubai shipmanager as well as four vessels – two MRs and two handy tankers “The Houthis…

  • CMA CGM rules out surcharge ahead of US fees on Chinese tonnage

    CMA CGM rules out surcharge ahead of US fees on Chinese tonnage France’s CMA CGM, the world’s third-largest containerline, has told clients it is fully prepared for next month’s hiked port fees in the US for Chinese-linked tonnage, and that it does not envisage implementing surcharges because of the new ruling.  In April, the US…

  • Curtin Maritime orders eight hybrid-electric tugboats

    Curtin Maritime orders eight hybrid-electric tugboats US-based marine firm Curtin Maritime has invested $160m for eight hybrid-electric ship assist tugboats. The tugs will be built by the Snow & Co shipyard and will be equipped with Arc’s vertically integrated electric powertrains, delivering over 4,000 bhp and backed by a 6MWh battery buffer. According to Arc,…

  • 67 boxes tumble overboard from ZIM-chartered vessel berthed at Long Beach

    67 boxes tumble overboard from ZIM-chartered vessel berthed at Long Beach A ZIM-chartered containership suffered a serious cargo accident while alongside at the Port of Long Beach yesterday, with 67 containers falling into the harbour during discharging operations — some striking a clean air barge moored nearby. The accident involved the 2024-built, 5,504 teu Mississippi…

  • HSBC warns COSCO and OOCL face $2.1bn hit from looming US port fees

    HSBC warns COSCO and OOCL face $2.1bn hit from looming US port fees The looming US port fee regime aimed squarely at Chinese-linked tonnage could saddle COSCO and its Hong Kong-listed subsidiary OOCL with a combined bill of more than $2.1bn in 2026, according to fresh calculations from HSBC. The US Trade Representative (USTR) is…

  • US visa crackdown creates turmoil for shipmanagers

    US visa crackdown creates turmoil for shipmanagers Shipmanagers are warning of mounting operational chaos as fresh US visa restrictions begin to bite, Splash has learned. Multiple sources at leading shipmanagement companies confirm growing problems with obtaining valid US visas for crewmembers. The issues stem from a raft of executive orders signed by the current US…

  • Splash Wrap: From tankers to tech

    Splash Wrap: From tankers to tech Unquestionably, the big news this week came from Singapore, where BW-controlled Hafnia made a move for rival product tanker giant Torm. Hafnia is acquiring a 14.45% holding in its Danish rival from Oaktree Capital Management in a deal worth about $311.4m leading many analysts to speculate whether this is…

  • Carlyle moves into FPSO market with Altera acquisition

    Carlyle moves into FPSO market with Altera acquisition Global investment firm Carlyle has agreed to acquire Altera Infrastructure’s entire FPSO business, bolstering its footprint in offshore energy infrastructure. The deal, subject to customary closing conditions and regulatory approvals, includes ownership of multiple FPSOs and an FSO, as well as a 50% stake in the Altera&Ocyan…

  • Lomar taps pilot-assist tech for tanker trial

    Lomar taps pilot-assist tech for tanker trial Lomar’s tanker unit, CB Tankers, has seen one of its chemical carriers fitted with Mythos AI’s advanced pilot assistance system (APAS) as part of a year-long trial to test next-generation bridge intelligence in commercial shipping. The installation onboard the 2020-built CB Pacific marks the first deployment of APAS…

  • 30-ton hatch recovered from coal ship explosion in Baltimore

    30-ton hatch recovered from coal ship explosion in Baltimore Baltimore’s shipping traffic was disrupted for nearly a week after an explosion on a fully laden coal carrier in the Patapsco River forced the recovery of a massive 30-ton hatch from the harbour. The 81,681 dwt W-Sapphire, managed by Athens-based W Marine and flagged in Liberia,…

  • Splash Wrap: Koreans bankroll America’s rusting docks

    Splash Wrap: Koreans bankroll America’s rusting docks Shipbuilding has become a central part of trade diplomacy in the Trump era. As well as a customised gold putter, it was noticeable that the Korean president, Lee Jae Myung, also presented Donald Trump with a model of an ancient Korean battleship when the pair met up earlier…

  • Hanwha bankrolls Philly revival in showpiece of Korea-US shipbuilding pact

    Hanwha bankrolls Philly revival in showpiece of Korea-US shipbuilding pact Hanwha Group has unveiled a $5bn expansion plan for Hanwha Philly Shipyard as well as ordering 10 tankers to be built in Philadelphia, in a landmark moment for Korea-US industrial cooperation designed to revive American shipbuilding. The announcement was made on Tuesday at the christening…

  • OrbitMI expands with Gale Force acquisition

    OrbitMI expands with Gale Force acquisition US-based maritime software company OrbitMI has acquired Swedish advisory firm Gale Force, expanding its portfolio in voyage optimisation and environmental compliance. The deal follows OrbitMI’s recent purchase of AI specialist AuQub and reflects the company’s strategy to blend maritime expertise with digital tools for shipowners and operators. Gale Force,…

  • Carriers reroute fleets to sidestep US levy

    Carriers reroute fleets to sidestep US levy Global shipping is realigning fleets in anticipation of October’s extra port fees to be levied by the US on China-linked tonnage. This is already being reflected in chartering decisions for transatlantic tanker and dry bulk fixtures with Chinese-built tonnage shifting to other parts of the globe. In the…

  • Seoul bets on shipbuilding to keep Trump sweet

    Seoul bets on shipbuilding to keep Trump sweet South Korea is making shipbuilding the anchor of its trade diplomacy with Washington, rolling out billions in promises to revive America’s rusted yards in a bid to keep Donald Trump on side. President Lee Jae Myung’s first US trip saw him push a $350bn investment package, with…

  • OOCL admits upcoming US port fees will have ‘relatively large impact’

    OOCL admits upcoming US port fees will have ‘relatively large impact’ Orient Overseas (International) Ltd (OOIL), the listed entity of Hong Kong container line OOCL, has conceded that October’s likely introduction of extra port fees for Chinese-linked tonnage could be painful. OOCL, owned by China’s COSCO, posted its interims yesterday in which it noted in…

  • Bill Gates in Korea to further nuclear-powered ships project with HD Hyundai

    Bill Gates in Korea to further nuclear-powered ships project with HD Hyundai Bill Gates, in his role as founder of TerraPower, met with HD Hyundai’s executive vice-chairman Chung Kisun in Seoul today to further a strategic partnership aiming to commercialise small modular reactor (SMR) propulsion. The meeting—after their March rendezvous in the US—centred on scaling…

  • CMA CGM invests in US bio-LNG supplier

    CMA CGM invests in US bio-LNG supplier French liner giant CMA CGM is making a strategic minority investment in US-based Vanguard Renewables through its energy fund PULSE, securing long-term access to volumes of renewable natural gas (RNG). Vanguard, which runs anaerobic digesters powered by farm and organic waste, will dedicate up to four projects to…

  • Explosion rocks bulk carrier departing Baltimore

    Explosion rocks bulk carrier departing Baltimore Baltimore’s already bruised maritime sector was dealt another scare on Monday evening when a Greek-owned coal carrier suffered a spectacular explosion as it departed the port. The 81,681 dwtW Sapphire, managed by Athens-based W Marine and flagged in Liberia, had just cleared CSX’s Curtis Bay terminal around 6:30 pm…

  • Shipping navigates net-zero waters without US support

    Shipping navigates net-zero waters without US support The US decision to go public on its offensive against the International Maritime Organization’s proposed net-zero framework has created considerable debate within the shipping community.  Various ministers within the Donald Trump administration issued a joint statement this week branding the plan a “global carbon tax on Americans” and…

  • US rejects IMO net-zero framework

    US rejects IMO net-zero framework The United States has formally rejected the International Maritime Organization’s (IMO) proposed carbon levy, branding it a “global carbon tax on Americans” and vowing to rally opposition ahead of a key vote in October. In a joint statement, secretary of state Marco Rubio, commerce secretary Howard Lutnick, energy secretary Chris…

  • Transpacific bump in rates tipped as Trump delays China tariffs again

    Transpacific bump in rates tipped as Trump delays China tariffs again The US tariffs on China have been postponed another 90 days until November 10. The US will keep its tariffs at 30%, and China will maintain its levies at 10% through to the autumn as negotiations between the world’s two biggest economies continue. Commenting…

  • Diana Shipping re-fixes ultramax to Cargill at lower rate

    Diana Shipping re-fixes ultramax to Cargill at lower rate New York-listed Greek bulker owner Diana Shipping has secured a fresh charter deal with Cargill for one of its ultramaxes, albeit at a slightly reduced rate compared to its previous contract. The Semiramis Paliou-led company has fixed the 60,508 dwt DSI Pegasus until at least May…

  • Genco confirms Japanese capesize swoop

    Genco confirms Japanese capesize swoop US-based dry bulk owner Genco Shipping & Trading has confirmed its return to the secondhand market with the acquisition of a modern Japanese-built capesize. The John Wobensmith-led outfit, with currently 16 capes out of 42 bulkers in its fleet, has picked up a 2020 Imabari-built, 182,000 dwt scrubber-fitted vessel for…

  • Seacor Marine sells liftboat tandem to JAD Construction for $76m

    Seacor Marine sells liftboat tandem to JAD Construction for $76m US offshore vessel operator Seacor Marine has sold two of its 335-foot liftboats to JAD Construction for total gross proceeds of $76m in cash. The net proceeds from the sales of the are unencumbered, and the transaction is expected to close during the third quarter…

  • Trump slaps India with new tariffs over Russian crude ties

    Trump slaps India with new tariffs over Russian crude ties US president Donald Trump has signed an order imposing an additional 25% tariff on goods from India, in response to the country’s continued imports of Russian energy, the White House said on Wednesday, a move that could reshape the global tanker trades. The decision came…

  • International Seaways picks up modern VLCC as it sheds six ageing product tankers

    International Seaways picks up modern VLCC as it sheds six ageing product tankers US tanker owner International Seaways has snapped up a modern VLCC while disposing ageing product carriers. The New York-listed firm said in its quarterly earnings report it had struck a deal to buy an unnamed 2020-built scrubber-fitted supertanker for $119m. The purchase,…

  • Diana Shipping reaches near 10% stake in Genco

    Diana Shipping reaches near 10% stake in Genco Greek dry bulk owner Diana Shipping has increased its stake in US-listed peer Genco Shipping & Trading. Filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana paid a total of around $61.7m for 4.29m of Genco’s shares, corresponding to a 9.99% stake. In…

  • Nexans and Crowley team up for first Jones Act cable lay barge

    Nexans and Crowley team up for first Jones Act cable lay barge France’s Nexans has partnered with US-based Crowley Wind Services to develop and operate the first Jones Act-compliant cable lay barge, tailored for offshore wind, telecom, and subsea industrial cabling. The 300-foot barge, built in Louisiana and tested in the Gulf of Mexico to…

  • South Korea to invest $150bn in US shipbuilding

    South Korea to invest $150bn in US shipbuilding South Korea has agreed to invest $150bn into a dedicated US shipbuilding revitalisation fund, as part of a $350bn bilateral trade agreement signed Wednesday in Washington. The move—touted as the largest Korean industrial investment in US history—aims to inject new life into America’s struggling shipyards while simultaneously…

  • US Treasury unleashes largest Iran shipping sanctions since 2018

    US Treasury unleashes largest Iran shipping sanctions since 2018 In its most expansive sanctions package against Iran in nearly seven years, the US Treasury has imposed sweeping measures on over 100 individuals, companies, and vessels linked to Iranian maritime and sanctions-evasion network. The action, unveiled Wednesday, is aimed at dismantling what the US calls a…