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Category: Singapore

  • EPS boosts VLCC series with two more Hengli newbuilds

    EPS boosts VLCC series with two more Hengli newbuilds Singapore-based owner Eastern Pacific Shipping (EPS) is expanding its renewed push into the VLCC segment with two more newbuildings lined up at Hengli Shipbuilding. The vessels form part of a five-ship order for 306,000 dwt VLCCs announced by the Dalian yard last week, with deliveries scheduled…

  • Hafnia lines up sales of 10 ageing tankers

    Hafnia lines up sales of 10 ageing tankers Product tanker giant Hafnia has confirmed the sale of a batch of older vessels as part of its ongoing fleet renewal drive, validating recent market talk about multiple disposals. The BW Group-backed owner has agreed to sell 10 tankers to external buyers, with the ships currently pending…

  • Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run

    Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run One of the best-known names in container shipping is stepping back from his frontline role. Jeremy Nixon, who has been CEO of Japanese liner Ocean Network Express (ONE) since it was founded in 2018, will move aside at the start of July,…

  • Fire claims two lives aboard Singapore-flagged bulker

    Fire claims two lives aboard Singapore-flagged bulker An engine room fire on the Singapore-flagged bulk carrier Mandy has claimed two lives, with a third crewman airlifted to a hospital. The 2010-built bulker, en route from Singapore since February 8, was hit by the blaze at 7:35 pm Singapore time on February 17, just shy of…

  • SeaLead appoints new chief executive

    SeaLead appoints new chief executive Singapore-based liner operator SeaLead has appointed Cho Kit Wei as its new chief executive officer, promoting the current chief operating officer to the top role from March 2, 2026. Cho, a shipping executive with more than 20 years’ experience, has been with SeaLead since 2021. Before joining the company, he…

  • Precious Shipping diversifies with MR tanker acquisition

    Precious Shipping diversifies with MR tanker acquisition Thailand’s Precious Shipping has made its first move into the tanker sector with the acquisition of a medium-range product tanker as it looks to diversify beyond dry bulk. The Bangkok-listed owner said its wholly owned Singapore subsidiary, Precious Horizon, has agreed to buy the 2006-built MR tanker Florence…

  • BW LPG fixes two VLGCs on three-year time charters

    BW LPG fixes two VLGCs on three-year time charters VLGC owner and operator BW LPG has entered three-year time charter-out contracts for two of its vessels. The deals were struck for the 2016-built, 84.612 cu m BW Tucana and the 2020-built, 83,315 cu m BW Yushi. The client was left undisclosed. The period charters commenced…

  • MOL Chemical Tankers readies leadership change

    MOL Chemical Tankers readies leadership change MOL Chemical Tankers has announced a change at the top, with chief executive Akira Sasa set to retire at the end of March. Sasa, who took over as president and CEO in April 2022, joined the Singapore-based chemical tanker operator as a director in 2020 and has led the…

  • Rex lines up jackup rig offshore Oman

    Rex lines up jackup rig offshore Oman Singapore-listed Rex International is pressing ahead with offshore development drilling in Oman after its unit Masirah Oil secured a jackup rig for work at the Yumna field. Masirah Oil said its parent company, Rex Oman, has signed a contract for the Energy Emerger jackup drilling rig, operated by…

  • PSA and MOL step up Singapore car carrier push

    PSA and MOL step up Singapore car carrier push PSA Singapore and Japanese shipping major Mitsui OSK Lines (MOL) have agreed to form a joint venture to run a dedicated roro terminal in the Lion City, tightening their grip on one of Asia’s busiest automotive transhipment hubs. The terminal, subject to regulatory approval, is expected…

  • Stena Bulk takes control of GSB tanker venture

    Stena Bulk takes control of GSB tanker venture Swedish tanker owner Stena Bulk has moved to strengthen its position in the chemical and specialised tanker market after lifting its stake in Golden Stena Baycrest Tankers (GSB) to become the majority shareholder. The additional shares were acquired from Bay Crest, with the joint venture remaining jointly…

  • Singapore’s Wealth Holdings books up to eight MPPs with Norden charter cover

    Singapore’s Wealth Holdings books up to eight MPPs with Norden charter cover Singapore-based Wealth Holdings is stepping into the multipurpose vessel space with a sizeable, charter-backed newbuilding programme, lining up to eight 17,400-dwt MPPs with Danish operator DS Norden providing time-charter cover. The deal covers four firm vessels with two plus two options, with Wealth…

  • Nortrans seals Equinor flotel extension

    Nortrans seals Equinor flotel extension Singapore-based Nortrans Offshore has secured a contract extension for its maintenance and support unit Temis, keeping the flotel on hire with Equinor at the Bacalhau FPSO project offshore Brazil. The 2015-built, 501-person unit was originally booked in late 2024. The firm contract covered five months from early 2025 and included…

  • Caravel tightens grip on Pacific Basin, rules out takeover bid

    Caravel tightens grip on Pacific Basin, rules out takeover bid Hong Kong conglomerate Caravel Group has increased its shareholding in Pacific Basin Shipping, strengthening its position as the largest shareholder in the dry bulk major while stressing it has no intention of launching a takeover of the company. The Angad Banga-led group confirmed it now…

  • Inaugural Splash Singapore targets top spot in Asian shipping calendar

    Inaugural Splash Singapore targets top spot in Asian shipping calendar The speaker lineup for the inaugural Splash Singapore, scheduled for September 24, is making good on earlier promises to make the event Asia’s leading shipping conference. Among recent speaker signups are Martin Fruergaard, the CEO of Pacific Basin Shipping, Jeremy Sutton, the CEO of Swire…

  • New all-electric Hydromover 2.0 now in service in Singapore

    New all-electric Hydromover 2.0 now in service in Singapore Hydromover 2.0, an ultra-efficient all-electric light cargo transfer vessel designed by Incat Crowther for Singapore’s marinEV, a business of Yinson GreenTech, has officially entered service in Singapore. Building on the success of the prototype Hydromover 1.0, Singapore’s first fully electric cargo vessel launched in 2023, the…

  • Eastern Pacific adds LNG muscle with Jiangnan newbuild pair

    Eastern Pacific adds LNG muscle with Jiangnan newbuild pair Eastern Pacific Shipping has moved to expand its LNG footprint, placing an order for two 175,000 cu m LNG carrier newbuildings as it scales up its gas shipping business. The Singapore-based owner, controlled by Idan Ofer, has contracted the pair at Jiangnan Shipyard for delivery in…

  • Geneva Dry continues to add leading commodity and shipping speakers

    Geneva Dry continues to add leading commodity and shipping speakers The big names continue to sign up to speak at the third edition of Geneva Dry, scheduled for April 28 and 29, while new sister show, Splash Singapore, has also attracted some famous shipping executives. Geneva Dry, the world’s premier commodities shipping summit, is set…

  • MOL plugs into Singapore electric vessel start-up Pyxis

    MOL plugs into Singapore electric vessel start-up Pyxis MOL PLUS, the investment arm of Japanese shipping giant Mitsui OSK Lines (MOL), has taken a stake in Singapore-based electric vessel developer Pyxis Maritime. The investment targets both electric harbour craft and the charging stations, with a focus on commercial roll-out rather than pilot projects. Pyxis develops…

  • Kalleklev takes helm of EPS gas fleet after CoolCo merger

    Kalleklev takes helm of EPS gas fleet after CoolCo merger Eastern Pacific Shipping has moved to reshape its gas shipping leadership after completing the merger between its LNG unit CoolCo and subsidiary EPS Ventures earlier this month. The Idan Ofer-controlled group confirmed that former Flex LNG and Avance Gas chief executive Øystein Kalleklev will take…

  • Eastern Pacific back for more ammonia carriers at Jiangnan

    Eastern Pacific back for more ammonia carriers at Jiangnan Idan Ofer’s Eastern Pacific Shipping (EPS) has returned to China to add more ammonia carrier capacity, placing an order for two very large ammonia carriers (VLACs) at Jiangnan Shipyard. The Singapore-based owner has signed a contract for two 90,000 cu m newbuildings, with delivery scheduled for…

  • Uni-Fuels eyes further growth amid rising bunker market complexity

    Uni-Fuels eyes further growth amid rising bunker market complexity Singapore-based marine fuel supplier Uni-Fuels has announced the next phase of its global expansion strategy, focused on scaling operations across key maritime markets. This will build on Uni-Fuels’ expansion to Dubai, Shanghai, and Limassol in 2025, and provide the strategic framework for additional office openings and…

  • FSL extends product tanker cover with James Fisher

    FSL extends product tanker cover with James Fisher Singapore-listed First Ship Leasing Trust (FSL) has strengthened earnings visibility after agreeing a package of charter extensions with James Fisher Everard, the tanker arm of the James Fisher Group. FSL said it has extended the charters for the product tankers Speciality, Seniority and Superiority, with new periods…

  • Pacific Basin signs up for Chinese handysize newbuilds

    Pacific Basin signs up for Chinese handysize newbuilds Pacific Basin Shipping has turned to China for its latest newbuilding move, signing up a quartet of handysize bulk carriers in a break from its long-standing preference for Japanese yards. The Hong Kong-listed owner-operator of more than 250 bulkers has struck a deal at Jiangmen Nanyang Ship…

  • Eastern Pacific adds capes to swelling Hengli orderbook

    Eastern Pacific adds capes to swelling Hengli orderbook Idan Ofer’s Eastern Pacific Shipping has added another slice to its already sizeable newbuilding programme, this time with a fresh capesize bulker order in China. The Singapore-headquartered owner has signed up four 180,000 dwt capesize bulk carriers at Hengli Shipbuilding. The vessels are set for delivery in…

  • MOL puts financing in place for Singapore’s second LNG terminal

    MOL puts financing in place for Singapore’s second LNG terminal Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has struck a finance deal for a floating storage and regasification unit (FSRU), which will be deployed in Singapore, Asia. The post MOL puts financing in place for Singapore’s second LNG terminal appeared first on Offshore Energy. Melisa Cavcic…

  • Winning doubles down on large bauxite carriers with six more newbuilds

    Winning doubles down on large bauxite carriers with six more newbuilds Large bulkers specialist Winning International Group has expanded its push into the very large ore carrier segment, ordering another six 325,000 dwt VLOCs from CSSC Beihai Shipbuilding to support its growing West Africa–China bauxite trade. The Singapore-based owner — which runs a fleet of…

  • Hafnia trims ageing tonnage with four-ship sale

    Hafnia trims ageing tonnage with four-ship sale Product tanker heavyweight Hafnia has moved ahead with a fresh round of fleet trimming, selling four older MR tankers as part of its rolling renewal programme. The BW Group-backed owner confirmed it sold the 2011-built Hafnia Andromeda in September, followed by the 2012-built Hafnia Lupus in October. Two…

  • Eastern Pacific locks in 12 newbuilds at Hengli

    Eastern Pacific locks in 12 newbuilds at Hengli China’s Hengli Shipbuilding has confirmed a major newbuilding programme for Eastern Pacific Shipping (EPS), detailing a 12-ship order that marks one of the most substantial commitments at the yard this year. The deal, valued between $1.1bn and $1.6bn, spans three vessel types and signals the Idan Ofer-led…

  • Splash Singapore confirms stellar global shipowner cast

    Splash Singapore confirms stellar global shipowner cast Big names in global shipowning are signing up to speak at next year’s Splash Singapore with organisers determined to make the event Asia’s largest shipowner gathering. Splash Singapore is a new event building on eight editions of the Maritime CEO Forum Singapore, organised by the team behind shipping…

  • Eastern Pacific makes VLCC comeback with newbuild deal in China

    Eastern Pacific makes VLCC comeback with newbuild deal in China Eastern Pacific Shipping (EPS) has returned to the VLCC market with its first large crude carrier order, contracting two 306,000 dwt tankers at China’s Hengli Shipbuilding. Industry sources say the Singapore-based owner should see the vessels delivered in the fourth quarter of 2027. The move…

  • BW LNG linked to two-ship LNG carrier order at HD Hyundai Samho

    BW LNG linked to two-ship LNG carrier order at HD Hyundai Samho BW LNG is surfacing as the buyer behind a fresh order for two large LNG carriers at HD Hyundai Samho Heavy Industries, after the South Korean yard confirmed a KRW741.2bn ($507m) contract last week. Clarksons’ weekly newbuilding report names BW Group’s gas arm…

  • Hong Kong flag slumps 12.6% as Singapore surges ahead amid trade turmoil

    Hong Kong flag slumps 12.6% as Singapore surges ahead amid trade turmoil The latest World Fleet Monitor published by Clarksons Research confirms a switch in the leaderboard of shipping registers, with Donald Trump’s trade war with China seeing Singapore leapfrog Hong Kong into fourth spot.  After a very tough year, having been caught in the…

  • New industry alliance targets plastic pollution at sea

    New industry alliance targets plastic pollution at sea A group of big shipping names has launched a new alliance aimed at cutting plastic pollution in the world’s oceans. The Maritime Association for Clean Seas (MACS), founded by ocean impact organisation Seven Clean Seas (SCS), brings together members including Berge Bulk, X-Press Feeders, Bernhard Schulte Shipmanagement,…

  • Sentinel Marine rebrands as Cyan Sentinel

    Sentinel Marine rebrands as Cyan Sentinel Aberdeen-based offshore support vessel operator Sentinel Marine has rebranded as Cyan Sentinel, marking its first major step since Singapore’s Cyan Renewables acquired a controlling stake earlier this year year. The move reflects the backing of its new majority owner, but the company stressed it remains locally managed, with its…

  • Yangzijiang Maritime seals SGX debut with multiple vessel deals

    Yangzijiang Maritime seals SGX debut with multiple vessel deals Yangzijiang Maritime Development marked its first day on the Singapore Stock Exchange’s mainboard with a string of new vessel deals, underscoring its ambitions as a growing maritime financial and asset management player. The company said it has signed contracts with a Marshall Islands-based owner for the…

  • AET expands dual-fuel fleet with suezmax pair at Samsung Heavy

    AET expands dual-fuel fleet with suezmax pair at Samsung Heavy AET has placed an order at Samsung Heavy Industries (SHI) for two LNG dual-fuel suezmax tankers, further expanding its fleet of lower-emission vessels. The Singapore-based tanker arm of Malaysia’s top shipping line, MISC, said the latest deal marks a key step in its push to…

  • Vitol mourns the loss of shipping CEO Kit Kernon

    Vitol mourns the loss of shipping CEO Kit Kernon Oil-and-products trading giant Vitol today announced the passing yesterday of Kit Kernon, CEO of its shipping arm Vitol International Shipping (VIS). Kernon, aged 56, died in Singapore, sources say, from a suspected heart attack while out jogging.  Since 1997, he helmed Vitol’s shipping division, building it…

  • Splash Singapore launches with ambition to become Asia’s largest shipowner gathering

    Splash Singapore launches with ambition to become Asia’s largest shipowner gathering The organisers of Geneva Dry and the Maritime CEO Forum series today unveil their next big shipping summit. Splash Singapore (www.splashsingapore.com) is set to make its debut at the Fairmont Hotel on September 24 next year, the day before the city-state’s famous annual dinner…

  • SeaTrek joins forces with Legasea to expand dry bulk business

    SeaTrek joins forces with Legasea to expand dry bulk business Singapore-based dry bulk operator SeaTrek has entered a strategic partnership with Legasea, a fellow freight player backed by a private investment fund, to strengthen their position in the global dry bulk market. The tie-up brings together SeaTrek’s market experience and network with Legasea’s freight platform,…

  • Yinson takes Maran VLCC

    Yinson takes Maran VLCC Singapore’s Yinson Production has quietly extended its footprint into the VLCC segment, sealing a deal with Greek powerhouse Angelicoussis Group for the 317,100 dwt Maran Antares (built 2012, Daewoo). The price remains undisclosed, though VesselsValue estimates the ship’s market worth at around $68m — marking Yinson’s youngest tanker purchase to date. …

  • Flag-hopping hits extreme levels

    Flag-hopping hits extreme levels The monthly publication of Clarksons Research’s World Fleet Monitor increasingly shows data that reflects the extraordinary geopolitical challenges and machinations that shipping has to navigate in 2025. With flag-hopping becoming standard operating procedure for the shadow – or parallel – fleet, monthly changes in registry numbers have never been so extreme…

  • Pacific Basin shifting half of bulker fleet to Singapore to limit US port fee exposure

    Pacific Basin shifting half of bulker fleet to Singapore to limit US port fee exposure Hong Kong-listed Pacific Basin Shipping is moving half of its bulker fleet to Singapore and reflagging vessels under its Singapore entity to reduce exposure to new US port fees introduced under the USTR Section 301 scheme. The move comes after…

  • Purus joins LNG bunker rush with Shell-backed newbuild pair

    Purus joins LNG bunker rush with Shell-backed newbuild pair Purus Marine has ordered two LNG bunker vessels in China, marking its entry into the rapidly expanding market. The Singapore-based outfit, with over 70 ships across clean energy and offshore segments, will see the 18,900 cu m dual-fuel newbuilds constructed at Nantong CIMC Sinopacific Offshore &…

  • Shipping arbitration landscape shifts beyond London

    Shipping arbitration landscape shifts beyond London London has maintained its position as the world’s top maritime arbitration hub, although new data from HFW shows Asia’s centres are closing the gap. The law firm’s sixth Maritime Arbitration in Numbers report analysed responses from 19 arbitral bodies across 18 jurisdictions. It found that while London remains dominant,…

  • Allseas and DOF awarded contracts for $125m Singapore crude transfer revamp

    Allseas and DOF awarded contracts for $125m Singapore crude transfer revamp Swiss contractor Allseas and Norway’s DOF have clinched contracts from Aster Chemicals & Energy to renew the single buoy mooring (SBM) and subsea pipeline system serving Bukom Island, Singapore. The scope includes engineering, installation and commissioning of new infrastructure linking the offshore facility —…

  • International Chamber of Shipping opens Singapore office to deepen ties across Asia-Pacific

    International Chamber of Shipping opens Singapore office to deepen ties across Asia-Pacific The International Chamber of Shipping (ICS), a trade association which represents over 80% of the world merchant fleet, has established its new office in Singapore, the world’s top maritime hub. The post International Chamber of Shipping opens Singapore office to deepen ties across…

  • Marco Polo Marine expands fleet with two new AHTS vessels

    Marco Polo Marine expands fleet with two new AHTS vessels Singapore offshore vessel player and shipyard Marco Polo Marine will be expanding its fleet with the addition of two newbuild anchor handling tug supply (AHTS) vessels. With a combined value of approximately $34m, the vessels are expected to join the fleet in 2026. With these…

  • Singapore Inc feels the squeeze

    Singapore Inc feels the squeeze It might be the world’s premier maritime hub, but the bills are a pain. How do you run a tight ship in the Lion Republic? Singapore may be celebrated as one of the world’s most efficient and stable maritime hubs, but beneath the gloss, businesses are grappling with the rising…

  • Idan Ofer’s EPS moves on full CoolCo takeover

    Idan Ofer’s EPS moves on full CoolCo takeover Israeli billionaire Idan Ofer is moving to take LNG carrier owner Cool Company (CoolCo) private through his investment arm EPS Ventures. EPS, which already controls nearly 60% of CoolCo, is in advanced talks to buy out the remaining shares at $9.65 each in cash. The offer values…

  • Singapore’s maritime tech ambitions unveiled

    Singapore’s maritime tech ambitions unveiled From testbed to global pace-setter, the Lion Republic is showing world maritime how to harness tech properly. The latest chapter from our brand new Singapore Market Report magazine. Singapore is steadily consolidating its role as one of the world’s most dynamic maritime technology hub, blending government-led initiatives with industry collaboration…

  • $34M vessel duo positions Marco Polo for Asian oil & gas and wind opportunities

    $34M vessel duo positions Marco Polo for Asian oil & gas and wind opportunities Singapore’s Marco Polo Marine has added two new anchor handling tug supply (AHTS) vessels to its fleet. The post $34M vessel duo positions Marco Polo for Asian oil & gas and wind opportunities appeared first on Offshore Energy. Dragana Nikše Go…

  • Shipping bosses in Singapore call for immigration shake-up

    Shipping bosses in Singapore call for immigration shake-up Splash tackles one of the thornier issues facing the local maritime community in the latest instalment from our brand new Singapore Market Report magazine. Singapore’s maritime hub status is unquestioned — but its shipping community is increasingly vocal about one factor it believes could undermine future competitiveness:…

  • 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…

  • Singapore shows others how to future-proof maritime

    Singapore shows others how to future-proof maritime Singapore has more than one maritime week. There’s the official one in April, plus this week’s mix of events – including our own Maritime CEO Forum – that culminate with Friday’s massive Singapore Shipping Association dinner. Splash launches its latest Singapore annual today, assessing how the city-state aims…

  • Vehicle shipping player Polaris launches dry bulk arm

    Vehicle shipping player Polaris launches dry bulk arm Polaris International is diversifying its shipping portfolio with the official entry into the dry bulk market and the launch of Polaris Bulkers The move marks a strategic expansion for Polaris, best known for its automotive logistics division, Polaris Autoliners. The new dry bulk venture will operate out…

  • Tsao-backed vehicle co-launches $75m Asia Ocean Fund

    Tsao-backed vehicle co-launches $75m Asia Ocean Fund Two high-profile names from opposite sides of the world — Asian shipping tycoon Chavalit Frederick Tsao and Norwegian impact investor Tharald Nustad — have teamed up to create a new ocean impact vehicle aimed squarely at Asia. The pair yesterday unveiled the Asia Ocean Fund, a $75m investment…

  • New data clears biofuels for extended deployment

    New data clears biofuels for extended deployment The Global Centre for Maritime Decarbonisation (GCMD) has published results from its six-month Project LOTUS trial, showing that long-term use of biofuels on oceangoing ships can be done safely without hitting performance or costs. Launched with Japan’s Nippon Yusen Kaisha in May 2024, the project put a B24…

  • ‘The end of globalisation is fast approaching’: IUMI president

    ‘The end of globalisation is fast approaching’: IUMI president Geopolitical conflicts and shifting trade patterns are redefining risks and opportunities for the marine insurance sector. Opening this year’s International Union of Marine Insurance (IUMI) conference in Singapore, IUMI president Frédéric Denèfle warned that marine insurers are facing significant change as the world approaches the end…

  • Ningbo Ocean Shipping looks to Singapore for global fleet expansion

    Ningbo Ocean Shipping looks to Singapore for global fleet expansion Ningbo Ocean Shipping has revealed a plan to invest around CNY2.9bn ($406.5m) via its Singapore arm to set up two more subsidiaries in the country to further grow its fleet. The company will invest CNY1.2bn ($168.2m) to establish Ningbo Ocean Shipping Singapore Longitude and CNY1.7bn…

  • 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…

  • Shipping heavyweights invest in AI safety firm Captain’s Eye

    Shipping heavyweights invest in AI safety firm Captain’s Eye AI safety technology firm Captain’s Eye has completed its Series A funding round, bringing in backing from major shipping groups Eastern Pacific Shipping (EPS), MOL PLUS of Mitsui OSK Lines, and The Caravel Group. The investors, which collectively control or manage more than 1,700 ships, are…

  • Hafnia swoops for 14.5% Torm stake in $311m deal with Oaktree

    Hafnia swoops for 14.5% Torm stake in $311m deal with Oaktree Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share for the block of A-shares in the Copenhagen- and…

  • Interasia in for up to eight boxship newbuilds

    Interasia in for up to eight boxship newbuilds Asian regional container operator Interasia Lines has returned to the shipbuilding market, signing a contract with Jiangsu YangZiJiang Shipbuilding Group (YZJ) for up to eight 2,900 teu vessels. The order includes six firm newbuilds and two optional units, marking Interasia’s first collaboration with YZJ. Financial terms have…

  • X-Press Feeders fires back in $1bn Sri Lankan court fight

    X-Press Feeders fires back in $1bn Sri Lankan court fight Singapore’s X-Press Feeders has hit back at the Sri Lankan Supreme Court’s order to pay $1bn within a year over the 2021 X-Press Pearl casualty, warning the decision tramples on due process, scapegoats its crew, and poses a dangerous precedent for global shipping. The feeder…

  • Eastern Pacific lines up feeder boxship series at Mawei Shipyard

    Eastern Pacific lines up feeder boxship series at Mawei Shipyard Singapore-based Eastern Pacific Shipping (EPS) has made another move into the feeder container market with a major newbuilding order at China’s Fujian Mawei Shipbuilding. Sources following EPS’ shipbuilding moves said the Idan Ofer-led owner has inked firm contracts for 12 vessels of 1,800 teu capacity,…

  • SeaLead drops 16 boxships after US sanctions target Iranian-linked fleet

    SeaLead drops 16 boxships after US sanctions target Iranian-linked fleet Singapore-based container carrier SeaLead has been forced into a dramatic fleet reshuffle after terminating the charters of 16 container vessels in response to fresh US sanctions. The move comes just days after the US Treasury’s Office of Foreign Assets Control (OFAC) unveiled new measures targeting…

  • Greta Shipping enters market with three Middle East – India Subcontinent loops

    Greta Shipping enters market with three Middle East – India Subcontinent loops New feeder entrant Greta Shipping is launching three dedicated services connecting the Middle East and the Indian Subcontinent. The company, a Singapore-registered subsidiary wholly owned by Chinese conglomerate Xiamen C&D, will officially launch its operations in mid-August, according to Alphaliner. Greta Shipping’s JKX…

  • Diana Shipping takes softer rate on new kamsarmax fixture

    Diana Shipping takes softer rate on new kamsarmax fixture Hot on the heels of ultramax charter deal with Cargill, Greece’s Diana Shipping has fixed one of its kamsarmaxes to Singapore-based Propel Shipping, accepting a reduced dayrate compared to the vessel’s previous employment. The New York-listed dry bulk outfit with 36 ships in its fleet has…

  • Singapore’s first all-electric cargo vessel aces smart navigation test

    Singapore’s first all-electric cargo vessel aces smart navigation test Green technology solutions provider Yinson GreenTech has completed a smart navigation test onboard Singapore’s first fully electric light cargo vessel, Hydromover. The post Singapore’s first all-electric cargo vessel aces smart navigation test appeared first on Offshore Energy. Ajsa Habibic Go to offshore energy biz

  • MOL launches global shipmanagement arm

    MOL launches global shipmanagement arm Japan’s Mitsui OSK Lines (MOL) is consolidating its shipmanagement businesses under a single brand and location, aiming to streamline operations and enhance service quality across all vessel types. The Tokyo-headquartered shipping giant has renamed its Singapore-based LNG management arm, MOL LNG Ship Management, to MOL Global Ship Management (MOLGSM). The…

  • Eastern Pacific signs for suezmaxes at Hengli Heavy

    Eastern Pacific signs for suezmaxes at Hengli Heavy Eastern Pacific Shipping has signed a deal with China’s Hengli Heavy Industry for up to four suezmax tankers. The Singapore-based owner, controlled by Idan Ofer, has committed to two firm 158,000 dwt crude carriers, with options for two more. The price tag for all four ships is…

  • Itochu orders world’s first ammonia bunkering vessel

    Itochu orders world’s first ammonia bunkering vessel Japanese trading giant Itochu Corporation is set to operate the world’s first ammonia bunkering vessel by September 2027. Itochu, via its Singapore bunkering subsidiary, has signed a shipbuilding contract for the construction of a 5,000 cu m ammonia bunkering vessel with Sasaki Shipbuilding and an agreement regarding the…

  • Hafnia seals $715m credit line backed by 32 ships

    Hafnia seals $715m credit line backed by 32 ships Product tanker giant Hafnia has secured a $715m revolving credit line, secured by a fleet of 32 modern vessels and supported by a diverse syndicate of 11 leading international banks. The seven-year facility, which features a highly competitive margin and a 20-year age-adjusted amortisation structure, provides…

  • Trafigura takes stake in ZeroNorth

    Trafigura takes stake in ZeroNorth Global commodities powerhouse Trafigura has taken a strategic equity stake in a well-known vessel optimisation brand, ZeroNorth. The new partnership will see ZeroNorth’s platform deployed across Trafigura’s controlled fleet of over 350 vessels, including its voyage optimisation systems, emissions analytics and vessel reporting tools. While financial terms of the transaction…

  • Singapore files charges over last year’s fatal tanker collision

    Singapore files charges over last year’s fatal tanker collision The Maritime and Port Authority of Singapore (MPA) has filed formal charges stemming from the deadly 2024 collision involving the Singapore-flagged Hafnia Nile and the shadow tanker Ceres I, an incident that drew international attention for both its human toll and its implications for shadow fleet…

  • Yinson Production secures $1.17bn refinancing for FPSO Maria Quiteria

    Yinson Production secures $1.17bn refinancing for FPSO Maria Quiteria Singapore-based floater owner and operator Yinson Production has announced a successful placement of $1.168bn in senior secured notes issued by Yinson Bergenia Production, the owner of the FPSO Maria Quitéria. The FPSO is operating under a 22.5-year lease and operate contract with Petrobras in the Jubarte…

  • PIL’s Teo Teng Seng takes the reins at SSA

    PIL’s Teo Teng Seng takes the reins at SSA Teo Teng Seng, an advisor at Pacific International Lines (PIL), has been elected as the new president of the Singapore Shipping Association, succeeding Caroline Yang as head of one of the largest regional shipping bodies in the world. Teo had served as chair of SSA’s digitalisation…

  • SeaBird Exploration changes name following merger

    SeaBird Exploration changes name following merger Marine seismic specialist SeaBird Exploration has changed its name to SED Energy Holdings following the successful merger with Singapore’s tender drilling rig specialist Energy Drilling. The name and ticker code change, now ENH, will be effective on Euronext Oslo Børs from and including June 20, 2025. Final approval of…

  • Singapore’s Proteus teams with Symbio to bring automotive hydrogen fuel cell tech to shipping

    Singapore’s Proteus teams with Symbio to bring automotive hydrogen fuel cell tech to shipping A new hydrogen fuel cell system tailored for maritime applications has been unveiled by Singapore-based Proteus Energy in partnership with French hydrogen fuel cell specialist Symbio. The modular system, known as the Proteus Maritime Fuel Cell Solution, is intended for deployment…

  • New crane collapses at Singapore’s Tuas port

    New crane collapses at Singapore’s Tuas port On Sunday afternoon, a new quay crane at Singapore’s Tuas port tipped over while it was being delivered to a non-operational berth. There were no injuries or fatalities. No damage has been assessed to adjacent port equipment and facilities. All of PSA Singapore’s current operational berths remain fully…

  • Four missing in Wan Hai boxship blaze off India

    Four missing in Wan Hai boxship blaze off India A fire and explosion aboard the Singapore-flagged containership Wan Hai 503 have left four crew members missing off the southwest coast of India. The incident occurred on Monday around 12.30 hrs Singapore time, some 80 km southwest of Azhikkal, Kerala. The 4,333 teu vessel, operated by…

  • MPA and Yinson GreenTech to elevate Singapore’s maritime digital twin

    MPA and Yinson GreenTech to elevate Singapore’s maritime digital twin The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding (MoU) with green technology solutions provider Yinson GreenTech (YGT) to advance the capabilities of the Maritime Digital Twin (MDT), a platform that models Singapore’s port environment using real-time operational data. The…

  • BW Offshore swoops on laid-up FPSO

    BW Offshore swoops on laid-up FPSO Floater specialist BW Offshore has sealed a deal to buy an idle FPSO, calling the acquisition a strategic move to secure a high-quality production asset amid a tightening market with few comparable opportunities available. The Oslo-listed company is adding the 2006-built Nganhurra for an undisclosed sum in a transaction…

  • ONE and Hapag-Lloyd line up more than 30 newbuild contracts

    ONE and Hapag-Lloyd line up more than 30 newbuild contracts Alphaliner is reporting that Ocean Network Express (ONE) and Hapag-Lloyd are close to finalising big orders in Asia as the record global container orderbook nears 10m teu. Singapore-based, Japanese-owned ONE is in discussions with HD Hyundai in South Korea for up to twelve 16,000 teu…

  • Eastern Pacific signs up for Korean autonomous navigation tech

    Eastern Pacific signs up for Korean autonomous navigation tech Singapore-based Eastern Pacific Shipping (EPS) has lined up two of its managed vessels for the installation of artificial intelligence-based autonomous navigation technology developed by Hyundai Heavy Industries’s subsidiary Avikus. The project will see Avikus’ Hyundai intelligent Navigation Assistant System (HiNAS) Control, HiNAS Cloud and analytics platform…

  • Singapore appoints new chief executive of Maritime and Port Authority

    Singapore appoints new chief executive of Maritime and Port Authority The Maritime and Port Authority of Singapore (MPA) is getting a new chief executive in June. Ang Wee Keong, the assistant chief executive (international) of the Infocomm Media Development Authority (IMDA), has been named chief executive-designate from May 1 to June 15. He will relinquish…

  • Yinson Production secures $100m financing deal

    Yinson Production secures $100m financing deal Singapore-based floater owner and operator Yinson Production has successfully structured and arranged a standby letter of credit and guarantee facility of $100m. The company added that the three-year facility, with options for extensions, expands Yinson Production’s “strategic financing toolkit to support the continuous growth” of the company. According to…

  • Pronounced spike in low-level crimes in the Singapore Strait

    Pronounced spike in low-level crimes in the Singapore Strait The ICC International Maritime Bureau (IMB) has revealed a rise in global piracy and armed robbery incidents in the first quarter of 2025 – driven by a spike of incidents in the Singapore Strait. A total of 45 cases of piracy and armed robbery against ships…

  • Singapore’s Vasi becomes first liner casualty of 2025

    Singapore’s Vasi becomes first liner casualty of 2025 Vasi Shipping, a small Singaporean containership operator, has filed for bankruptcy. The company, founded 13 years ago, has $19m of debt owed to creditors. Previously, it operated on intra-Asia routes on three owned ships, all of which it has sold recently to try and pay back debts.…

  • Cyan’s Sentinel Marine contracts MPSV newbuilds in China

    Cyan’s Sentinel Marine contracts MPSV newbuilds in China Aberdeen-based offshore support vessel specialist Sentinel Marine is expanding its fleet through a deal with China’s Jiangmen Hangtong Shipbuilding for up to four multipurpose newbuildings. The shipbuilding contract involves one firm 65-m energy support vessel with options for three more units. The newbuild, which takes the company’s…

  • Berge Bulk takes stake in Genco

    Berge Bulk takes stake in Genco Singapore-based owner Berge Bulk has revealed a considerable ownership of stock in the US dry bulk player Genco Shipping & Trading. A filing to the US Securities and Exchange Commission showed that Berge Bulk’s vehicle Kibo Investment had picked up 3.13m shares in Genco, corresponding to a 7.3% stake.…

  • Depressed bunker sales point toward shakier world trade outlook

    Depressed bunker sales point toward shakier world trade outlook The tide has turned for bunker sales and prices, an indication that global seaborne trade is on shakier ground this year.  “Bunker prices tell the tale of a softening market,” broker BRS noted in a new report.  As of yesterday, 0.5% very low sulphur fuel oil…

  • With new deals in place, CSA gearing up for electric supply boat trials

    With new deals in place, CSA gearing up for electric supply boat trials The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has signed two letters of intent (LoIs) to deploy an e-supply boat on trial with shipping agencies and develop a marine charging infrastructure. The post With new deals…

  • Nortrans pens deal with Saipem for flotel work on Chevron’s Australian project

    Nortrans pens deal with Saipem for flotel work on Chevron’s Australian project Singapore-based Nortrans Offshore has been awarded a contract with Italian giant Saipem for work on the Jansz-Io compression project offshore Western Australia. As part of this project, the company took the 200-person flotel Belait CSS 1 on a long-term bareboat charter. This is…

  • Nick Potter takes the reins at AET

    Nick Potter takes the reins at AET AET, a tanker firm controlled by Malaysia’s MISC, has appointed Nick Potter, a well-known name in Singapore shipping circles, as its next president and CEO. Potter, a former seafarer, brings over 35 years of experience in the maritime and energy sectors, having led commercial, technical, and operational teams…

  • Miclyn Express Offshore changes name to Aesen

    Miclyn Express Offshore changes name to Aesen Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has officially changed its name to Aesen. Following the rebrand, the company will effect respective entity name changes progressively. Clients, vendors, and business partners will be notified as these changes take effect. All other company details remain unchanged. The OSV…

  • Adhart linked to tanker quartet at New Dayang

    Adhart linked to tanker quartet at New Dayang Singapore’s Adhart Shipping has been named as the owner behind a debut product tanker order for Chinese bulker builder New Dayang. The subsidiary of state-run machinery manufacturer Sumec Group announced its entry into tanker shipbuilding in January through a deal for four MR units with an undisclosed…

  • Petrobras enters Asian bunker market with inaugural biofuel-infused VLSFO sale

    Petrobras enters Asian bunker market with inaugural biofuel-infused VLSFO sale Brazil’s state-owned oil and gas titan Petrobras has tapped into the Asian bunker market, […] The post Petrobras enters Asian bunker market with inaugural biofuel-infused VLSFO sale appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • FSL ships out another product tanker

    FSL ships out another product tanker Singapore-listed product tanker owner First Ship Leasing Trust (FSL) has sold a second vessel coming off a long-term bareboat charter. The company has agreed to offload the 2005-built 12,984 dwt Clyde Fisher for an undisclosed sum. The oldest and the largest vessel in FSL’s fleet is estimated by VesselsValue…