krogragg

Category: splash24x7

  • JP Morgan Asset Management buys out Oaktree’s stake in OSM Thome

    JP Morgan Asset Management buys out Oaktree’s stake in OSM Thome Oaktree Capital Management is cashing out of shipmanagement giant OSM Thome, with investors linked to JP Morgan Asset Management’s Global Transportation Group coming onboard in its place. OSM Thome’s founding shareholders, OSM Maritime Partners and Skagerak Holding will continue as shareholders, resulting in what…

  • Shipmanagement ought to be a verb, not a noun

    Shipmanagement ought to be a verb, not a noun Mark O’Neil, president and CEO, Columbia Group, writes for Splash today. It’s time to see shipmanagement as a verb, not a noun—it should be viewed as a dynamic, ever-evolving field rather than a static industry. As efficiency, automation, and AI shape the future of shipmanagement, it…

  • SeaKapital signs for LNG bunker newbuilds

    SeaKapital signs for LNG bunker newbuilds Hong Kong shipowner and leasing specialist SeaKapital Holdings has embarked on a newbuilding project in the LNG bunkering sector. The company, set up by two of Hong Kong’s well-known shipping names, Sabrina Chao (pictured) and Kenneth Lam, has contracted up to six vessels at Ningbo Xinle Shipbuilding in China.…

  • MSC books up to eight megamaxes at Changhong International

    MSC books up to eight megamaxes at Changhong International Gianluigi Aponte’s Mediterranean Shipping Co (MSC) has returned to Zhoushan Changhong International Shipyard in China for a new series of LNG dual-fuel megamax containerships. The Swiss-based liner giant has signed up for four firm 21,700 teu newbuilds with options for up to four additional vessels. Deliveries…

  • Captain of aircraft carrier involved in collision off Egypt dismissed

    Captain of aircraft carrier involved in collision off Egypt dismissed The US Navy has decided to relieve the commanding officer of the USS Truman – the nuclear-powered aircraft carrier that had a collision with a bulk carrier off Egypt last week. Captain Dave Snowden was relieved Thursday for “loss of confidence in his ability to…

  • Ciner Shipping decamps from Istanbul to Athens

    Ciner Shipping decamps from Istanbul to Athens One of Turkey’s largest shipowners is decamping to Greece. Istanbul-based news outlet Türkiye Today is reporting Ciner Shipping is shifting its operations to Athens with staff in Turkey informed today that their current work contracts would be terminated with full legal compensation. Ciner Shipping owns and operates a…

  • Russian ship in trouble with hull breach

    Russian ship in trouble with hull breach A Russian Panama-flagged cargo ship carrying 3,000 tons of corn is in trouble the Sea of Azov after suffering a hull breach near the port of Azov in Russia’s Rostov region, according to local media. The 46-year-old vessel, Pavlo Grabovskiy, departed from Rostov en route to Samsun in…

  • Norwegian trio links up for another CSV newbuild

    Norwegian trio links up for another CSV newbuild Norwegian offshore vessel owner Eidesvik has teamed up with compatriots Agalas and Reach Subsea for another construction support vessel (CSV) newbuild at the Sefine Shipyard in Turkey. The vessel has been designed to perform inspection, maintenance and repair (IMR) work and is similar to the methanol dual-fuelled…

  • Teekay Tankers bags triple sale

    Teekay Tankers bags triple sale Teekay Tankers has confirmed deals worth $95.5m for three of its ageing vessels. The New York-listed firm has offloaded a pair of unnamed 2009-built suezmaxes and one 2006-built LR2, which should deliver a gain of about $30.5m in the first quarter. Earlier this month S&P sources listed four Bohai-built 159,000…

  • Wood nets $120m engineering extension with Shell in the UK

    Wood nets $120m engineering extension with Shell in the UK Consulting and engineering firm Wood has been awarded a contract extension by energy supermajor Shell for work on onshore and offshore assets across the UK. The $120m contract extension was awarded by Shell UK Limited for brownfield engineering, procurement, and construction. The two-year, cost-reimbursable contract…

  • HMM enters due diligence to acquire SK Shipping

    HMM enters due diligence to acquire SK Shipping Korean private equity firm Hahn & Co has selected the nation’s flag carrier, HMM, as the preferred bidder for the sale of a majority stake in SK Shipping.  Due diligence is due to get underway through to the middle of next month. The deal faces one significant…

  • More than 70 ships set to be added to EU sanctions list

    More than 70 ships set to be added to EU sanctions list European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The wide-ranging 16th package of sanctions is expected to see more than 70…

  • Peak CSL and Grieg Edge venture contracts ammonia-powered newbuild

    Peak CSL and Grieg Edge venture contracts ammonia-powered newbuild Skarv Shipping Solutions, a Norwegian joint venture between Peak CSL Group and Grieg Edge has placed an order for an ammonia-powered general cargo shortsea vessel in China. The 7,800 dwt self-unloader is scheduled for delivery in the second quarter of 2027. Compatriot owner and operator Arriva…

  • Cargill hires kamsarmax bulker from Diana Shipping

    Cargill hires kamsarmax bulker from Diana Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with commodities giant Cargill for one of its kamsarmax vessels. Cargill hired the 2010-built, 82,117 dwt bulker Myrsini. The gross charter rate is $13,000 per day, minus a 5% commission paid to third parties, for a period…

  • Louis Dreyfus Armateurs picks ZPMC for SOV newbuild series

    Louis Dreyfus Armateurs picks ZPMC for SOV newbuild series France’s Louis Dreyfus Armateurs (LDA) has selected Shanghai Zhenhua Heavy Industries (ZPMC) to build its latest series of service operation vessels (SOV) that will be deployed on offshore wind sites in the German North Sea. Earlier this year the French family-owned shipowner emerged as a winner…

  • Star Bulk ships out supramax

    Star Bulk ships out supramax Nasdaq-listed Star Bulk Carriers is offloading one of its 23 supramaxes. The Athens-based dry bulk giant revealed in its quarterly earnings report it had agreed to sell the 15-year-old Bittern. The buyer and the price of the 57,800 dwt vessel, estimated by S&P sources at about $11.8m, have not been…

  • Odfjell Technology scores more work with ConocoPhillips

    Odfjell Technology scores more work with ConocoPhillips Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, well-service technology, and engineering solutions, has won an extension with ConocoPhillips for operations in the North Sea. The contract is for the provision of platform drilling operation and maintenance services in Norway. The exercised option, which…

  • Prosafe offloads 20-year-old flotel for $5m

    Prosafe offloads 20-year-old flotel for $5m Offshore accommodation vessel specialist Prosafe has struck a deal with an undisclosed buyer for its semisubmersible vessel Safe Concordia. The 2005-built unit will change hands between March and June this year. The Oslo-listed owner said the deal is worth $5m before commissions and expenses. The Safe Concordia is currently…

  • Altera sells FPSO to newcomer owner Amplus Energy

    Altera sells FPSO to newcomer owner Amplus Energy UK floater player Altera Infrastructure has sold its FPSO unit Petrojarl I to Aberdeen-headquartered Amplus Energy. Described as the most deployed FPSO in history, the 1986-built vessel is changing hands for an undisclosed sum after completing its charter with Enauta at the Atlanta field in Brazil’s Santos…

  • Leadership change at Transocean

    Leadership change at Transocean Transocean has announced a change at the top for the Swiss-based offshore drilling giant as part of its multi-year succession plan. The New York-listed company’s long-serving chief executive Jeremy Thigpen, is stepping down from his role and will be succeeded by Transocean’s president and chief operating officer, Keelan Adamson. The transition…

  • MPC Capital secures funds for offshore service vessel joint venture

    MPC Capital secures funds for offshore service vessel joint venture French private equity firm and investment group Eurazeo and a large European family office have invested in MPC Capital’s recently launched platform for offshore service vessels. The platform was initiated by a joint venture of MPC Capital and O.S. Energy – named MPC OSE Offshore…

  • Maersk seals pact with India’s top yard

    Maersk seals pact with India’s top yard AP Moller-Maersk has signed a memorandum of understanding with India’s Cochin Shipyard to explore ship repair and shipbuilding opportunities. The strategic partnership, which aligns with India’s aim to be among the top 10 maritime nations by 2030 and the top five by 2047, is expected to see the…

  • Sirius Shipping links up with Gasum for LNG bunker newbuild

    Sirius Shipping links up with Gasum for LNG bunker newbuild Sweden’s Sirius Shipping has partnered up with Finnish state-owned energy company Gasum for a new bio-LNG bunker vessel.. The 7,800 cu m vessel, jointly owned between the two companies, will be built at RMK Marine yard in Istanbul, Turkey, for delivery into Gasum charter in…

  • Balmoral teams with Korean firms for work on Equinor’s floating wind farm

    Balmoral teams with Korean firms for work on Equinor’s floating wind farm Balmoral Comtec, a subsidiary of offshore energy supply chain firm Balmoral has signed a memorandum of understanding (MoU) for work on Equinor’s Firefly floating wind project with South Korea-based LS Cable & System and LS Marine Solution. This agreement follows LS Cable &…

  • Africa increasingly seen as the next crewing frontier

    Africa increasingly seen as the next crewing frontier With shortages of crew from traditional seafaring sourcing nations, Schulte Group shipmanager BSM has turned to West Africa as its new source of seafarers. Germany’s Bernhard Schulte Shipmanagement is diversifying its crew pool by launching a maritime training centre in Ghana, located on the campus of the…

  • CORE POWER launches civil nuclear program focused on floating power plants

    CORE POWER launches civil nuclear program focused on floating power plants Shipping nuclear propulsion start-up CORE POWER has announced that it will develop a US-anchored maritime civil nuclear program that will bring floating nuclear power to the market by the mid-2030s. The program, named Liberty, will encompass modular construction of advanced fission technology and create…

  • Container spot rates slide to 2023 lows

    Container spot rates slide to 2023 lows The container sector is heading into its normal post-Lunar New Year lull that typically lasts until April/May. The scale of the drops in spot rates is large, but the sector still remains one of the more profitable shipping sectors.  The weekly Drewry World Container Index slumped 5% to…

  • Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt

    Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt The United States Navy announced on Thursday that an investigation was underway after the nuclear-powered USS Harry S Truman aircraft carrier was involved in a collision with a Panamanian-flagged bulk carrier in the Mediterranean Sea. The accident happened late on Wednesday night near Egypt’s Port…

  • Seafarer salaries and retention rates on the rise

    Seafarer salaries and retention rates on the rise Retaining seafarers has improved slightly over the past year, thanks in part to salary raises, the annual Crew Managers’ Survey by Danica Crewing Specialists has revealed. In its survey of in-house crew managers in shipowning and shipmanagement companies, almost 90% reported that they had increased salaries in…

  • Spire Global sues Kpler

    Spire Global sues Kpler Spire Global is suing Kpler, claiming the Belgian tech firm has failed to follow through on its plans to buy Spire Maritime, an AIS data provider.  On November 13 last year, Spire Global entered into a share purchase agreement with Kpler to sell its maritime business. Since then, however, Kpler has…

  • How the IMO’s Carbon Intensity Indicator could halve shipping’s climate emissions

    How the IMO’s Carbon Intensity Indicator could halve shipping’s climate emissions Ahead of a big green meeting at the International Maritime Organization next week, John Maggs from the Clean Shipping Coalition writes on how getting a global fuel standard and levy over the line will set us up for the future. The international shipping sector…

  • 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…

  • Golar sells last remaining LNG carrier

    Golar sells last remaining LNG carrier Floating liquefied natural gas (FLNG) specialist Golar LNG has marked its exit from the LNG shipping business with the sale of its last remaining gas carrier. The Nasdaq-listed company is shipping out the 2003-built steam turbine LNG carrier, Golar Arctic, for $24m. The Tor Olav Trøim-backed company said the…

  • Countries registering 70% of global tonnage support a carbon levy

    Countries registering 70% of global tonnage support a carbon levy Two new reports led by UCL Energy Institute and Oceans Research Group show what’s at stake at the upcoming International Maritime Organization (IMO) meetings and in the crucial period in the run-up to the Marine Environment Protection Committee meeting set for April. The IMO is…

  • ‘We are not a shelter for sanction evasion’: Panama flag

    ‘We are not a shelter for sanction evasion’: Panama flag Facing pressure from Washington, the Panama Maritime Authority, which looks after the world’s second largest ship registry, has defended its position, insisting it is deflagging many sanctioned vessels.  US officials have accused Panama of not taking action to help enforce sanctions on vessels and shipowners…

  • India readies home-grown container shipping giant

    India readies home-grown container shipping giant The Indian government has laid out plans to develop a brand new containerline. To be called Bharat Container Line, the new entity will have around 100 ships in its fleet, including ships on charter.  Details as to when the liner will launch have yet to be revealed with officials…

  • COSCO moves for six tanker newbuilds

    COSCO moves for six tanker newbuilds COSCO Shipping Energy Transportation (CSET) has lined up an investment plan of CNY 3.496bn ($378.3m) for six tanker newbuildings. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction of two aframaxes, two LR2s, and two panamax tankers, the company said…

  • Diana sells 15-year-old post-panamax and nets newcastlemax charter extension

    Diana sells 15-year-old post-panamax and nets newcastlemax charter extension Greece’s Diana Shipping has agreed to sell its 2010-built post-panamax bulker Alcmene for about $11.9m and secured a charter extension for one of its newcastlemaxes at a bumper rate. The New York-listed company said it will deliver the 93,193 dwt vessel to an undisclosed buyer by…

  • Vantage strikes deal for Eldorado drillship

    Vantage strikes deal for Eldorado drillship Offshore drilling contractor Vantage Drilling has sealed a deal with Norwegian rig owner Eldorado Drilling to market its seventh-generation drillship Dorado. The Oslo-listed company will market the rig in Africa, the Mediterranean, Asia and Australasia. “We look forward to successfully placing the rig in operation,” said Ihab Toma, CEO…

  • Golden Ocean snaps up eight SFL capesizes

    Golden Ocean snaps up eight SFL capesizes John Fredriksen-backed dry bulk player Golden Ocean Group is taking eight capsizes out of leases from Fredriksen’s shipowning company SFL Corp. The Nasdaq- and Oslo-listed company has declared purchase options worth $112m in total in connection to the vessels’ 10-year charter-in anniversary. Delivery is expected during the third…

  • Globus Maritime continues ageing bulkers clearout

    Globus Maritime continues ageing bulkers clearout Nasdaq-listed Greek dry bulk owner Globus Maritime has continued the sell-off of older vessels as it makes room for fresh tonnage to join the fleet. The Athens-based firm is shipping out the 2007-built supramax River Globe for $8.55m before commissions. The 53,627 dwt vessel is the oldest in Globus’…

  • Hanwha Ocean building LNG carriers for its shipowning arm

    Hanwha Ocean building LNG carriers for its shipowning arm South Korean shipbuilder Hanwha Ocean has signed contracts to build two LNG carriers for its affiliate Hanwha Shipping. The Okpo-based yard formerly Daewoo Shipbuilding & Marine Engineering (DSME) is scheduled to deliver the vessels by the end of September 2027. Hanwha Shipping was formally launched by…

  • Himalaya Shipping seals fresh index-linked deal

    Himalaya Shipping seals fresh index-linked deal Oslo-listed Himalaya Shipping has secured new employment for its newcastlemax bulk carrier currently trading on a fixed time charter. The Tor Olav Troim-backed owner and operator has entered into a 14-to 38-month contract for the 2023-built Mount Norefjell starting after the vessel’s redelivery from its current charterer in late…

  • Euroseas agrees charter extension for feeder boxship

    Euroseas agrees charter extension for feeder boxship Nasdaq-listed Greek boxship owner Euroseas has inked a charter contract extension for one of its feeder containerships. Euroseas won a charter for the 1,740 teu EM Hydra for a minimum period of 24 to a maximum period of 26 months at the charterer’s discretion, at a gross daily…

  • Evalend tied to HD Hyundai Mipo LNG bunker newbuilds

    Evalend tied to HD Hyundai Mipo LNG bunker newbuilds Greece’s Evalend Shipping has been linked to a newbuilding deal for four LNG bunkering vessels commissioned at the South Korean shipbuilder HD Hyundai Mipo. Multiple shipbroking outfits have named the Kriton Lendoudis-backed diversified owner behind the 18,000 cu m newbuilds booked at the yard in Ulsan…

  • Danaos reveals order for boxship brace

    Danaos reveals order for boxship brace Greek owner Danaos has bolstered its newbuilding orderbook, adding two more vessels to its 9,200 teu series in China. The John Coustas-led boxship tonnage provider and capsize bulker player has contracted CSSC-affiliated Huangpu Wenchong Shipbuilding in Guangzhou to deliver the newbuilds in 2027 at about $105m each. According to…

  • South Korea’s H-Line taps domestic yard for LNG bunker vessel

    South Korea’s H-Line taps domestic yard for LNG bunker vessel South Korean owner H-Line Shipping has ordered an LNG bunkering vessel at domestic yard HJ Shipbuilding & Construction (HJSC). The contract covers an 18,000 cu m unit costing about KRW127bn ($87.6m) with no specified delivery date. H-Line’s fleet predominantly consists of capsize bulkers, but the…

  • NYK and Yara link up for ammonia-fuelled gas carrier newbuild

    NYK and Yara link up for ammonia-fuelled gas carrier newbuild Japanese shipping line Nippon Yusen Kaisha (NYK) has secured a charter deal from Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara for an ammonia-fuelled medium gas carrier. Described as the world’s first charter for such a vessel, the deal will see a…

  • Seacon ships out another product tanker to Union Maritime

    Seacon ships out another product tanker to Union Maritime Hong Kong-listed Seacon Shipping is selling another bareboat chartered modern chemical and oil products carrier to UK bulker and tanker player Union Maritime. The Qingdao-based owner and operator has struck a deal to offload the 2021-built 34,800 dwt MR1 Golden Dahlia for roughly $32.9m. Seacon said…

  • MPC Capital takes stake in Wilhelmsen vessel performance management platform

    MPC Capital takes stake in Wilhelmsen vessel performance management platform German asset and investment manager MPC Capital has bought into Norwegian maritime group Wilhelmsen’s performance management firm BestShip. The Castor Maritime majority-owned Frankfurt-listed company has acquired a 50% stake for an undisclosed sum. The deal expands MPC Capital’s maritime services and reinforces its growth in…

  • Steel and aluminium up next in Trump’s tariff campaign

    Steel and aluminium up next in Trump’s tariff campaign China’s retaliatory tariffs on some American goods came into effect on Monday, while Donald Trump, the American president, vowed yesterday to impose a 25% tariff on all steel and aluminium imports into the US, with a full announcement to come today. “Any steel coming into the…

  • Navigare Capital signs for containership newbuilds

    Navigare Capital signs for containership newbuilds Denmark’s Navigare Capital Partners has moved to add more containerships to its portfolio through a deal for up to six newbuildings in China. The Copenhagen-based alternative investment fund manager has signed up for four firm 4,300 teu vessels at Taizhou Sanfu Shipbuilding with options for two more, according to…

  • Melina Travlos re-elected as president of Union of Greek Shipowners

    Melina Travlos re-elected as president of Union of Greek Shipowners Melina Travlos has been re-elected for a second term as president of the Union of Greek Shipowners (UGS). The head of Neptune Group of companies, which includes carrier owner and operator Neptune Lines as well as a dry bulk outfit, Neptune Dry Management, will lead…

  • Finland’s Hacklin buys into fellow shortsea operator Nordic Chartering

    Finland’s Hacklin buys into fellow shortsea operator Nordic Chartering Finnish logistics player Hacklin Group has strengthened its business with the acquisition of a considerable stake in compatriot shortsea operator Nordic Chartering. The move of Hacklin joining as the shareholder for an undisclosed sum will build a strong foundation for future vessel investments, the companies said…

  • Boa orders semisub heavy lift barge at Dalian

    Boa orders semisub heavy lift barge at Dalian Norway’s Boa has signed a contract with Dalian Shipbuilding Offshore Co, for the construction of up to two semi-submersible heavy lift barges. The in-house-designed Boabarge 39, first introduced in November 2023, is targeted for delivery in the third quarter of 2026, and the company has secured an…

  • ADES seals second jackup deal in Nigeria

    ADES seals second jackup deal in Nigeria Saudi oil and gas driller ADES has won its second contract for one of its jackup rigs offshore Nigeria. The company has fixed the 2013-built Admarine 501 to Nkuku Ikon Petroleum Development following the deal with Brittania-U for its Admarine 504 unit last month. The new contract, which…

  • UN reviews regulation as seafarers revealed to work 74% above global average

    UN reviews regulation as seafarers revealed to work 74% above global average Following exhaustive research showing how jobs onboard are still too 24/7, the United Nations’ International Labour Organization (ILO) will look to tighten up the language surrounding work/rest regulations at sea at a Special Tripartite Committee of the Maritime Labour Convention (MLC), scheduled to…

  • Trump administration ups sanctions against Iranian shipping

    Trump administration ups sanctions against Iranian shipping Donald Trump has wasted little time in carrying out his vow to up pressure against Iran with the Office of Foreign Assets Control (OFAC) yesterday slapping sanctions on more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian…

  • Federal Maritime Commission okays Premier Alliance agreement

    Federal Maritime Commission okays Premier Alliance agreement The Federal Maritime Commission (FMC) in the US has given its blessing to the formation of the Asian liner grouping, the Premier Alliance. Alliance partners HMM, Ocean Network Express (ONE), and Yang Ming were left stunned when in early November the FMC demanded more information about the new…

  • Geneva Dry Dialogues: Manta Marine Technologies

    Geneva Dry Dialogues: Manta Marine Technologies Ina Reksten, who runs Norwegian vessel optimisation specialist Manta Marine Technologies, acknowledges many of her clients are struggling to meaningfully translate all the data heading their way. “It sounds straight forward, but a good outcome requires not only strong programming skills and setting data parameters, but also understanding of…

  • CMA CGM and AD Ports establish Congo terminal venture

    CMA CGM and AD Ports establish Congo terminal venture French liner giant CMA CGM has reached an agreement with AD Ports Group to jointly develop, manage and operate the new multipurpose terminal at the Port of Pointe Noire in the Republic of the Congo. The deal will see the formation of a joint venture majority-owned…

  • Olympic contracts offshore newbuild brace at China Merchants shipyard

    Olympic contracts offshore newbuild brace at China Merchants shipyard Norway’s Olympic is expanding its fleet with a pair of offshore construction vessel newbuilds contracted at China Merchants Heavy Industry shipyard in Shenzhen. The Stig Remøy-led offshore vessel owner said the vessel will be the most energy-efficient in their category and delivered in the summer of…

  • Fugro buys German satellite earth observation firm

    Fugro buys German satellite earth observation firm Dutch surveyor Fugro has acquired German firm EOMAP, a company which uses satellite earth observation for mapping and monitoring marine and freshwater environments. EOMAP has been pioneering this technology since 2006. The company has recorded a revenue of around €5m ($5.2m) for 2024. According to Fugro, the market…

  • Helix secures Hornsea 3 contract

    Helix secures Hornsea 3 contract Helix Energy’s marine contracting business unit, Helix Robotics Solutions has been hired by Seaway7 the renewables unit of Oslo-listed Subsea7 for the burial of inter-array cables at Ørsted’s Hornsea 3 offshore wind farm in the UK. The project scope, which will be managed from Helix’s offices in Aberdeen, includes the…

  • Houthis seen by Maersk as the dividing line between profit and loss this year

    Houthis seen by Maersk as the dividing line between profit and loss this year Last year has proven to be the third most profitable year in the history of container shipping, and likewise it proved to be the third best year in the 121-year history of Denmark’s largest shipping concern, Maersk. Top management in Copenhagen…

  • EuroDry sells veteran bulker for scrap

    EuroDry sells veteran bulker for scrap Nasdaq-listed Greek dry bulk owner EuroDry has offloaded its oldest vessel for demolition. The Aristides Pittas-led company is sending its 2000-built 75,100 dwt Tasos to a demo yard in Bangladesh for about $5m. The vessel, picked up by an undisclosed cash buyer, will be delivered between mid-February and mid-March…

  • Costamare reveals fresh bulker sale with panamax deal

    Costamare reveals fresh bulker sale with panamax deal Greek owner Costamare is shipping out one of its oldest bulkers as renewal of the owned fleet presses ahead. The New York-listed company has revealed the sale of its 2008-built panamax Rose with an expected exit from the fleet in the first or second quarter. The 76,619…

  • Integrated Wind Solutions gets first deal for brand new CSOV

    Integrated Wind Solutions gets first deal for brand new CSOV Commissioning service operation vessel owner Integrated Wind Solutions (IWS) has secured a new contract for the charter of one of its vessels. The contract was won by the company’s wholly-owned subsidiary IWS Fleet. The deal is for the IWS Starwalker CSOV and will last a fixed…

  • Well-Safe Solutions adds to Dutch North Sea backlog

    Well-Safe Solutions adds to Dutch North Sea backlog Decommissioning specialists Well-Safe Solutions has secured more work for Eni across its assets in the Dutch sector of the North Sea. The Italian energy major has recently exercised another 90-day option for the Well-Safe Protector jackup under a newly agreed contract amendment. The work on subsea and…

  • Seamec wins $57m DSV charter

    Seamec wins $57m DSV charter Indian offshore vessel operator Seamec has secured a long-term charter from Saudi-based Safeen Al Behar for the dive support vessel Seamec Swordfish. The 2007-built DSV has been fixed for 730 days in a deal worth $57.4m. The charter with extension options attached, will see the vessel utilised in Saudi and…

  • DOF scores $30m in Asia Pacific contracts

    DOF scores $30m in Asia Pacific contracts Norwegian offshore vessel owner and operator DOF has won two subsea contracts in the Asia-Pacific region. The first contract will see the 2011-built dive support vessel Skandi Singapore utilised in Malaysian waters for about 30 days in the second quarter. Under the second deal, one of DOF’s multipurpose…

  • Euroseas fixes charter for boxship duo

    Euroseas fixes charter for boxship duo Nasdaq-listed Greek containership owner Euroseas has won new time charter deals for two of its boxships. The first contract is for the 2008-built Synergy Antwerp. The company stated that the contract will commence its charter after the completion of its present charter, expected sometime in May 2025. The second…

  • Beijing retaliates as Trump’s China tariffs kick in

    Beijing retaliates as Trump’s China tariffs kick in Donald Trump’s fast-moving tariff tiffs with key trading partners continue to keep shipping executives on edge around the world.  Similar to the threats he made to Colombia a week prior, the American president yesterday put planned tariffs against Mexico and Canada on hold for 30 days, saying…

  • Navibulgar ship accused of subsea sabotage off the hook

    Navibulgar ship accused of subsea sabotage off the hook Swedish prosecutors have released the vessel suspected of cutting a fibre-optic subsea cable between Latvia and the Swedish island of Gotland after assessing the event as an accident, not sabotage. The Swedish Prosecution Authority seized the Navibulgar-owned, 32,200 dwt bulker Vezhen on January 26. Swedish authorities…

  • Wallenius SOL buys Mann Lines

    Wallenius SOL buys Mann Lines Sweden’s Wallenius SOL has acquired British roro outfit Mann Lines adding new offices in Estonia, Latvia, and the UK, while increasing its presence in Finland, Germany, and Benelux.  “This strategic move will enable us to offer a broader range of solutions tailored to customer needs. By combining our strengths, we…

  • Cadeler bags first deals for newbuild wind installation vessel

    Cadeler bags first deals for newbuild wind installation vessel Copenhagen-headquartered offshore wind installation player Cadeler has signed two contracts with undisclosed clients for its newbuild wind installation vessel Wind Mover starting immediately upon delivery.  The vessel, currently under construction at Hanwha Ocean Shipyard in Korea, will support operations, maintenance activities, and potential installation work in…

  • LNG spot rates enter negative territory in the Atlantic

    LNG spot rates enter negative territory in the Atlantic The dire start to the year for LNG carriers has hit new low benchmarks with some ship types now in negative territory in the Atlantic basin.  Spark Commodities, which tracks LNG rates, is reporting 160,000 cu m TFDE vessels were assessed at minus $2,250 per day…

  • Shipping set to be reshaped by Trump tariffs

    Shipping set to be reshaped by Trump tariffs Global seaborne trade flows are set for choppy conditions in the wake of President Donald Trump’s decision on Saturday to levy  25% tariffs on imports from Canada and Mexico and 10% on goods from China starting tomorrow. For energy imports from Mexico and Canada, the tariff level has…

  • India sets aside billions to develop shipyards

    India sets aside billions to develop shipyards India’s finance minister Nirmala Sitharaman announced on Saturday the creation of a $2.9bn maritime development fund for the long-term financing of the country’s shipbuilding and repair industry, the latest in a series of measures the Narendra Modi administration is taking to make the world’s most populous nation a…

  • Bengal Tiger Line boss Bill Smart retires

    Bengal Tiger Line boss Bill Smart retires Singapore’s Bengal Tiger Line (BTL) has announced that industry veteran Bill Smart is retiring as the container feeder operator’s chief executive. Smart will step back at the end of March after 35 years with the company but continue on BTL’s board of directors. “On behalf of the board,…

  • What we can learn from aviation when it comes to all things digital

    What we can learn from aviation when it comes to all things digital Julian Panter, the CEO of SmartSea, on why maritime must embrace digital transformation to stay afloat in the 21st century. The maritime industry is under threat of long-term risks such as operational inefficiencies and regulatory non-compliance due to some companies clinging to…

  • Peter Döhle contracts up to five boxsips at GSI

    Peter Döhle contracts up to five boxsips at GSI Germany’s Peter Döhle Schiffahrts has added to its boxship orderbook with up to five 8,400 teu newbuilds in China. Shipbuilding sources say the Hamburg-based boxship and bulker owner and operator has contracted three firm and two optional vessels at CSSC Guangzhou Shipyard International (GSI), paying between…

  • Mads Nipper steps down as Ørsted CEO

    Mads Nipper steps down as Ørsted CEO The chief executive officer of Danish offshore wind developer Ørsted, Mads Nipper, has stepped down from his role. Nipper will step down from the CEO position on February 1 at which time Rasmus Errboe, the current deputy CEO and chief commercial officer, will step into the role of…

  • DEME nets deal for work on two German offshore wind projects

    DEME nets deal for work on two German offshore wind projects Belgium-based marine contractor DEME has been awarded two contracts for the transport and installation of 112 foundations at the Nordlicht 1 and 2 offshore wind farms in Germany. In addition to the two contracts, worth around €300m ($312m) in total, the company also secured…

  • Jan De Nul awarded German wind farm contract

    Jan De Nul awarded German wind farm contract Belgium’s Jan De Nul has secured a contract to install 196 km of inter-array cables for the Nordlicht offshore wind farm project in Germany. The Nordlicht wind farm zone, located 85 km north of the island of Borkum in the German North Sea, consists of two separate…

  • Global liner alliances retrench

    Global liner alliances retrench Midnight tonight sees liner shipping go through its largest reshuffle in a decade as companies jump ship from existing alliances on the main east-west trades. THE Alliance will become the Premier Alliance, with Ocean Network Express (ONE), HMM and Yang Ming Marine Transportation as partners, and Mediterranean Shipping Co (MSC) helping…

  • BSM’s Sebastian von Hardenberg appointed new president of InterManager

    BSM’s Sebastian von Hardenberg appointed new president of InterManager The chief executive of Germany’s Bernhard Schulte Shipmanagement (BSM), Sebastian von Hardenberg, has been elected as the new president of InterManager. He takes over from Columbia Shipmanagement president and CEO Mark O’Neil, who has been at the helm of the industry association whose members manage over…

  • In tech we trust?

    In tech we trust? The relationship between shipowners and technology providers must be fixed to save shipping’s decarbonisation ambitions, writes Benny Hilström, vice president of business development at WinGD. Shipowners and operators need technology providers that keep their promises in order to avoid frustration, disruption and delay. That applies in day-to-day operations and is even…

  • Indian Register of Shipping experiences owner exodus

    Indian Register of Shipping experiences owner exodus Having been one of the fastest growing classification societies during the first two years of Russia’s full-scale invasion of Ukraine, the Indian Register of Shipping (IRS) became the big loser among members of the International Association of Classification Societies (IACS) over the past 12 months.  Data from Clarksons…

  • Two European tanker brokers join forces

    Two European tanker brokers join forces Two European tanker brokers have joined forces with news Odin-RVB from The Netherlands is taking over Barcelona-based Iberica Tanker Chartering. “As the shipping landscape continues to evolve, we recognize the changing demands and expectations of our stakeholders. This merger is yet another pivotal step in our long-term strategy to…

  • Rem Offshore scores PSV fixture

    Rem Offshore scores PSV fixture Norwegian offshore vessel player Rem Offshore has secured a PSV contract from Eni in the UK North Sea. The company’s 2011-built Rem Supplier has been fixed for around 300 days, according to brokers in Norway and the UK. The vessel will support the jackup rig Valaris Norway on a two-well…

  • DeepOcean wins Polish wind survey contract

    DeepOcean wins Polish wind survey contract Norwegian ocean services contractor DeepOcean has won subsea survey work on the Bałtyk 2 and 3 offshore wind developments in Poland. Jointly developed by Equinor and Polenergia the Bałtyk 2 and 3 offshore wind farms will have a total combined capacity of 1.44 GW. Under the contract with an…

  • Halliburton seals Petrobras deal

    Halliburton seals Petrobras deal Houston-headquartered energy service giant Halliburton has won a contract from Petrobras for integrated drilling across several offshore fields in Brazil. The contract scope covers development and exploration wells over three years and significantly expands Halliburton’s drilling services footprint in the pre-salt and post-salt areas, the New Yourk-listed company said. “This contract…

  • Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC

    Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC One family has propelled a landlocked European nation into the top shipowning countries in the world. Gianluigi Aponte’s Geneva-based Mediterranean Shipping Co (MSC) has been on a historic fleet expansion in the 2020s, hoovering up more than 400 secondhand boxships, and ordering more…

  • Russian-linked ship-to-ship transfers spike in wake of US sanctions

    Russian-linked ship-to-ship transfers spike in wake of US sanctions Ship-to-ship transfers of Russian-linked oil have spiked dramatically this month in the wake of America’s largest sanctions package aimed at Russia’s shadow fleet. Data from maritime risk analytics firm Windward shows there has been a 366% increase in Russian-related ship-to-ship transfers of crude and products in…

  • d’Amico fixes five tankers

    d’Amico fixes five tankers Italian product tanker owner and operator d’Amico International Shipping (DIS) secured employment for five of its vessels. The Milan-listed company’s Irish-based d’Amico Tankers has fixed four handysize vessels through new deals and extended the charter of one of its MRs. The charterers and financial terms were not disclosed, but DIS said…

  • Precious Shipping sells off vintage handysize

    Precious Shipping sells off vintage handysize Fleet overhaul at Precious Shipping has continued with the sale of one of its oldest vessels. The Thai dry bulk player has offloaded its 2005 Shikoku Dockyard-built Rojarek Naree for $8.8m. The buyer of the 29,900 dwt ship is an overseas company that does not have any relationship with…

  • Shipping’s ultimate Year of the Snake fortune guide published today

    Shipping’s ultimate Year of the Snake fortune guide published today The January issue of Splash Extra gives readers the ultimate guide to shipping prospects in the Year of the Snake.  The Lunar New Year is not starting too well with many sectors struggling to break even in January.  The cross-sector ClarkSea Index, a weighted barometer…

  • Crew rescued from blaze on boxship in Red Sea

    Crew rescued from blaze on boxship in Red Sea The crew of the boxship that abandoned the ship which caught fire in the Red Sea has been rescued unharmed. The Hong Kong-flagged boxship ASL Bauhinia exploded and caught fire some 226 km northwest of Hodeidah, Yemen, in the early hours of the morning on Tuesday.…

  • 2025 will see fewer but better hires in commercial shipping

    2025 will see fewer but better hires in commercial shipping Paul Ratcliffe provides readers with highlights from Ignition Global’s 2024 Commercial Shipping Leaders Survey. Hiring in commercial shipping should be getting easier. The talent war of 2021–22 has ended, and dry bulk bonuses are cooling. Inflation has eased, remuneration policies have adjusted, and salary expectations…