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Category: splash24x7

  • Fire forces crew to abandon boxship in Red Sea

    Fire forces crew to abandon boxship in Red Sea A Hong Kong-flagged boxship exploded and caught fire in the Red Sea, some 226 km northwest of Hodeidah, Yemen. In the early hours of the morning on Tuesday, the 1,930-teu, 2022-built ASL Bauhinia boxship caught fire in the southern Red Sea. The vessel is owned by…

  • Arriva adds to bulker orderbook in China

    Arriva adds to bulker orderbook in China Norway’s Arriva Shipping has continued its fleet renewal drive with a fresh battery hybrid bulker newbuilding order in China. The Sindre Matre-led company has contracted Jiangsu Soho Marine Heavy Industry to see the 8,000 dwt vessel delivered in the third quarter of 2026. The newbuild will be a…

  • OKI’s AI-driven technology to classify ships using underwater sounds

    OKI’s AI-driven technology to classify ships using underwater sounds Japanese information and telecommunication expert OKI has developed a ship classification AI system technology which automatically classifies ship types through deep learning of underwater sounds. This technology makes it possible to continuously and automatically acquire ship classification data, even in environments such as busy ports with…

  • d’Amico boosts owned fleet with LR1 purchase option

    d’Amico boosts owned fleet with LR1 purchase option Milan-listed product tanker owner and operator d’Amico International Shipping (DIS) has snapped up another leased vessel. The Carlos di Mottola-led company has declared a purchase option on the 2019-built LR1 Cielo di Houston costing about $26.5m. The Hyundai Mipo Vietnam-built 74,999 dwt unit has been on bareboat…

  • Baltic states call for new rules to tackle shadow fleet threat

    Baltic states call for new rules to tackle shadow fleet threat The Bulgarian owner at the centre of a new cable cutting incident in the Baltic has denied its ship deliberately carried out the latest damage to subsea infrastructure in the region, something analysts are disputing while politicians discuss clamping down further on ships leaving…

  • Economou’s TMS Group enters leasing deal for newest LNG carrier

    Economou’s TMS Group enters leasing deal for newest LNG carrier Japan’s SBI Leasing Services has partnered with France’s BNP Paribas to arrange a leasing agreement with George Economou-led TMS Group for the newly built Athos LNG carrier. The vessel was completed in September last year at Samsung Heavy Industries in South Korea. The 174,000 cu…

  • Asso.subsea orders shallow-water cable layer from China

    Asso.subsea orders shallow-water cable layer from China Greece-based offshore contractor Asso.subsea has ordered a large shallow-water cable layer from China Merchants Heavy Industry. The vessel will be designed by China Merchants Industry and constructed at the China Merchants Industry Mazhou Island Base. The cable layer will be 175 m long and 41.8 m wide. It…

  • Lay-ups and scrapping mulled as LNG rates hit record lows

    Lay-ups and scrapping mulled as LNG rates hit record lows Spot rates for LNG carriers are now at all-time lows, although some analysts believe the shipping sector is close to bottoming out.  Citing an “overwhelming oversupply” of units competing for limited employment opportunities, Clarksons Research noted in its latest weekly report, published on Friday, that…

  • China increasingly using dry bulk carriers to move project cargoes around the world

    China increasingly using dry bulk carriers to move project cargoes around the world There has been a remarkable doubling of the amount of project cargoes leaving China on dry bulk carriers over the past year. Citing AIS satellite dry bulk carrier movement data from AXSMarine, Greece’s Ursa Shipbrokers has tallied that project cargo exports carried…

  • Sweden seizes ship suspected of being behind latest Baltic cable outage

    Sweden seizes ship suspected of being behind latest Baltic cable outage The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fiber optic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region. The ship in question this time…

  • SITC lifts Huanghai boxship series to eight

    SITC lifts Huanghai boxship series to eight Chinese boxship player SITC International Holdings has exercised options at Huanghai Shipbuilding for two additional 1,800 teu vessels. The Hong Kong-listed shipowner is paying nearly $58m to lift the series at the compatriot yard to eight, with deliveries for the latest pair scheduled by October and December of…

  • Candler firms up MPP brace at New Jiangzhou Shipyard

    Candler firms up MPP brace at New Jiangzhou Shipyard German MPP specialist Candler Schiffahrt has bolstered its orderbook at China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry in a deal for two additional vessels. The Bremen-based company has contracted the 12,000 dwt brace for an undisclosed price tag following a deal for four newbuildings last March.…

  • Havfram seals European wind farm deal

    Havfram seals European wind farm deal Norwegian offshore wind contractor Havfram has landed another construction project in Europe. The work, anticipated to last about one year, will be executed in 2029, utilising one of the company’s newbuild installation vessels, slated for delivery in the second half of 2025, Havfram said without disclosing further details. This…

  • Solstad scores triple OSV fixture

    Solstad scores triple OSV fixture Norwegian offshore vessel owner Solstad Maritime has secured more work for its fleet with three vessels fixed to undisclosed clients. The company, which is expected to float on the Oslo Stock Exchange in the second quarter of this year, has landed a 135-day contract for the 2014-built construction support vessel…

  • Seafarers’ struggles in global ports

    Seafarers’ struggles in global ports Steven Jones, the founder of the Seafarers Happiness Index, reflects on the frustration about the treatment of seafarers in many ports around the world. When thinking about seafarers’ happiness, it is tempting to assume their greatest challenges occur far out at sea. However, new insights reveal a different story—seafarers are…

  • Iranian navy chases American ship in Persian Gulf

    Iranian navy chases American ship in Persian Gulf The United Kingdom Maritime Trade Operations (UKMTO) is reporting a suspicious approach to a US-flagged roro vessel Liberty Power in the Persian Gulf near Iran.  The vessel’s master reported that the ship was approached by a small military craft around 6:30 am local time and it had…

  • Capes carrying more bauxite than coal for the first time

    Capes carrying more bauxite than coal for the first time China’s remarkable thirst for bauxite to manufacture aluminium has helped prop up cape rates considerably in recent years. Now for the first time, the capesize fleet is carrying more bauxite than coal, according to broker Arrow.  “Volumes from Guinea have surged at the start of…

  • Laden Russian tanker loses power in stormy Bay of Biscay

    Laden Russian tanker loses power in stormy Bay of Biscay A laden Russian-flagged tanker has broken down in the stormy Bay of Biscay off France. The Unity, a 16-year-old aframax, departed Primorsk on January 16 with Russian oil bound for Mangalore in India. The ship ran into difficulties overnight off the west coast of France.…

  • Fastest growing flag data brings shadow fleet into light

    Fastest growing flag data brings shadow fleet into light San Marino, Guyana, Sierra Leone, Comoro Islands, Guinea Bissau and most notably Guinea are the flag states that stand out for their extraordinary fleet growth in the latest data compiled in Clarksons Research’s World Fleet Monitor, statistics that highlight the whack-a-mole game authorities in the West…

  • GSB Tankers and Asahi Tanker form chemical tanker JV

    GSB Tankers and Asahi Tanker form chemical tanker JV GSB Tankers and Asahi Tanker have jointly established the Asia Chemical Tanker Alliance (ACTA) to manage the operation and commercial management of chemical tankers ranging from 10,000 to 15,000 dwt. ACTA is headquartered in Singapore, with an additional office in Tokyo. Initially, the joint venture will…

  • CMA CGM inks 2025’s largest ship orders to date

    CMA CGM inks 2025’s largest ship orders to date France’s CMA CGM is being widely tipped as the European owner mentioned in a release today by HD Hyundai Heavy Industries behind the biggest ship orders in the year to date. Splash understands CMA CGM has contracted the Korean shipyard to build twelve 18,000 teu LNG…

  • Performance Shipping extends aframax charter at lower rate

    Performance Shipping extends aframax charter at lower rate Greece’s Performance Shipping has extended the time charter contract for an aframax tanker with Glencore subsidiary ST Shipping & Transport. The deal will see the deal for the 2011-built, 105,525 dwt tanker P. Monterey extended for 12 months. The charterer has the option to shorten or extend…

  • New report highlights shipping’s weak position within the global energy transition

    New report highlights shipping’s weak position within the global energy transition A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with…

  • Asyad Shipping charts Oman IPO course

    Asyad Shipping charts Oman IPO course Oman’s state-controlled logistics giant Asyad Group has moved to sell shares in Asyad Shipping through an initial public offering. Crédit Agricole Corporate and Investment Bank and Société Générale have been appointed as joint bookrunners for the group, which plans to sell a stake of at least 20% in Asyad…

  • New Dayang lands product tanker debut

    New Dayang lands product tanker debut Chinese builder New Dayang best known for its shipbuilding know-how in the dry bulk segment has sealed its first order for product tankers. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been commissioned to build four MR units for what it described as “world-renowned shipowners”. Delivery details…

  • Prima Marine in for six product tanker newbuilds

    Prima Marine in for six product tanker newbuilds Thai owner Prima Marine has placed an order for six small product tanker newbuilds at China’s Ningbo Zhenhe Shipyard. The deal with an undisclosed value covers 73-m-long 2,499 dwt vessels based on FKAB design and tailor-developed for easy and efficient operation in Thailand’s coast and rivers. Delivery…

  • Houthis release Galaxy Leader crew after 430 days in captivity

    Houthis release Galaxy Leader crew after 430 days in captivity After 14 months and three days in captivity, the crew of the Galaxy Leader car carrier has been released. The vessel’s crew, made up of 25 nationals from Bulgaria, Ukraine, the Philippines, Mexico and Romania, was captured on November 19, 2023, when armed Houthis stormed the…

  • Aker Solutions forms partnership for work on Vår Energi assets

    Aker Solutions forms partnership for work on Vår Energi assets Norway’s Aker Solutions has entered a strategic partnership agreement to deliver maintenance and modification services on Vår Energi-operated assets on the Norwegian Continental Shelf. The partnership, which also includes Honeywell and StS-ISONOR, will work under a five-year deal with the option to be extended up…

  • Mercurius back at New Jiangzhou Shipyard for more chemical tankers

    Mercurius back at New Jiangzhou Shipyard for more chemical tankers Dutch owner Mercurius Shipping has returned to China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry for more stainless steel chemical tankers. The inland waterway shipping player has signed up for a pair of 6,000 newbuilds, with delivery likely by June and September 2026. No price has…

  • Østensjø Rederi rakes in over $260m in vessel contracts and extensions

    Østensjø Rederi rakes in over $260m in vessel contracts and extensions Norwegian offshore shipowner and operator Østensjø Rederi has revealed several new contracts and extensions for its fleet worth approximately NOK 3bn ($263m). The company agreed to extend existing contracts with DeepOcean for the 2016-built Edda Freya and the 2008-built Edda Flora through 2026 and…

  • Global Energy and Towngas team up for methanol bunker supply

    Global Energy and Towngas team up for methanol bunker supply Singapore’s Global Energy Trading, part of Global Energy Group, and The Hong Kong and China Gas Company (Towngas) have signed a memorandum of understanding (MOU) to develop green methanol supply solutions for the shipping industry across Asia. Towngas has a methanol production plant in Ordos,…

  • Höegh Evi and SEFE partner on hydrogen supply chain development

    Höegh Evi and SEFE partner on hydrogen supply chain development Norwegian marine infrastructure provider Höegh Evi has teamed up with Berlin-based Securing Energy for Europe (SEFE) to develop clean hydrogen supply chains for Germany and Europe. The company formerly known as Höegh LNG has signed a memorandum of understanding that will see the duo jointly…

  • Panama Canal, Paris Agreement and Gulf of Mexico: the three shipping takeaways from Trump’s first hours back

    Panama Canal, Paris Agreement and Gulf of Mexico: the three shipping takeaways from Trump’s first hours back Wresting back control of the Panama Canal, renaming the Gulf of Mexico and exiting from the Paris Agreement were three of the shipping takeaways in the first hours following the inauguration of Donald Trump yesterday as the 47th…

  • Celsius seals Samsung Heavy LNG carrier order

    Celsius seals Samsung Heavy LNG carrier order Celsius Tankers, a unit of Danish owner Celsius Shipping, has ordered an additional 180,000 cu m LNG carrier at Samsung Heavy Industries. The newbuild will deliver in 2027 and enter into a long-term charter with a Japanese major. Celsius said its LNG carrier design will minimise CO2 emissions…

  • Shipping readies to navigate new Trump era

    Shipping readies to navigate new Trump era Today marks the end of the Joe Biden administration in the US, one of the most profitable four-year periods for shipping. With the return of Donald Trump to the White House, the shipping industry has many questions about what the future of global trade holds, some of which…

  • Houthis maintain Israeli ban while allowing all other ships to pass

    Houthis maintain Israeli ban while allowing all other ships to pass As the first phase of the ceasefire between Israel and Hamas came into effect yesterday, the Houthis of Yemen have provided an update on their Red Sea strategy. The Houthis said yesterday so long as the ceasefire remains in place, international merchant ships may…

  • John Su looks to grow liner business

    John Su looks to grow liner business John Su-led Erasmus Shipinvest Group has unveiled plans to grow subsidiary Erasmus Lines.  The company has just taken delivery of the Ocean Echo, its first tween/MPP newbuilding from Imabari in Japan, with plans for more MPPs and containerships.  “To face the fast-moving geopolitically-impacted trades model and the increasing…

  • Vintage VLCC prices drop

    Vintage VLCC prices drop Hong Kong-registered outfit Young Honest Shipping has emerged as the taker of the first vintage VLCC sold this year. Young Honest has bought the 20-year-old, 308,800 dwt, scrubber-fitted Rolin from Viet My Petrol Transportation with brokers suggesting a price of $31m, a significant drop in price compared to similar sales sealed…

  • Höegh Autoliners bags two car shipping deals

    Höegh Autoliners bags two car shipping deals Norway’s Höegh Autoliners has clinched new shipping contracts with two major international carmakers. The Oslo-listed company said both contracts worth more than $100m and with commencement in January and May this year had been signed at rates reflecting the current market level. The operator of about 40 vessels…

  • Euroseas spinoff offloads vintage boxship 

    Euroseas spinoff offloads vintage boxship  Euroholdings, a recently announced three-ship spinoff and subsidiary of Nasdaq-listed Greek containership owner Euroseas, has already offloaded one of its vessels. Aristides Pittas-led Euroseas said the 1998-built 2,008 teu Diamantis P had been sold and delivered to an undisclosed buyer for $13.15m. The ship was handed over on a charter-free…

  • Zhejiang Zheshang Financial signs for bulker brace at Jiangsu Soho Chuangke

    Zhejiang Zheshang Financial signs for bulker brace at Jiangsu Soho Chuangke China’s Zhejiang Zheshang Financial Leasing has contracted two ultramax bulk carrier newbuilds at compatriot yard Jiangsu Soho Chuangke Shipbuilding. The 63,500 dwt units cost between $34m and $35m each, with delivery set for 2027. The order is backed by a bareboat charter to the…

  • Houthi leader warns Israel to stick to ceasefire terms

    Houthi leader warns Israel to stick to ceasefire terms The leader of Yemen’s Houthis, Abdul Malik al-Houthi, has said his group will monitor the implementation of a ceasefire deal between Israel and Hamas and will continue its attacks on ships in the Red Sea if it is breached. The six-week phase one of the ceasefire…

  • Beijing dismisses US shipbuilding probe

    Beijing dismisses US shipbuilding probe China’s commerce ministry on Friday dismissed a US investigation targeting China’s shipbuilding, maritime and logistics sectors, describing it as marked by “unilateralism and protectionism”. The US Trade Representative’s (USTR) office on Thursday said it has found China’s targeted dominance of the global shipbuilding, maritime and logistics sectors is “unreasonable” and…

  • AD Ports readies boxship investments in Caspian region

    AD Ports readies boxship investments in Caspian region AD Ports Group has moved to expand its operations in the Caspian Sea region with two containership newbuilds. Noatum, the maritime and shipping arm of the Abu Dhabi-based ports and logistics giant, has signed a deal with Kazmortransflot, a subsidiary of Kazakh national oil company KazMunayGas, to…

  • Building a fair and resilient maritime industry

    Building a fair and resilient maritime industry Susanne Justesen, director of human sustainability at the Global Maritime Forum, writes for Splash today, delving into seafarer wellbeing. The global shipping industry faces a paradox: while it is the backbone of international trade, it lags in transparency and human sustainability standards. Amid growing environmental, social and governance…

  • Shuaa Capital lines up $300m for OSV business

    Shuaa Capital lines up $300m for OSV business UAE-based asset management and investment banking firm Shuaa Capital has secured a financial boost for its marine offshore support vessel (OSV) segment. The Shuaa-managed fund has clinched a seven-year finance facility of up to $300m from National Bank of Fujairah (NBF) and The Arab Energy Fund (TAEF),…

  • TFG Marine forms bunkering joint venture in Oman

    TFG Marine forms bunkering joint venture in Oman TFG Marine, Trafigura’s bunker fuel supply business with John Fredriksen’s Frontline and Golden Ocean Group has established a joint venture with Oman Oil Marketing Company (OOMCO). The TFG-OOMCO jv will supply bunkers to vessels visiting Oman’s ports of Duqm, Muscat and Sohar. The deal follows the signing…

  • Product tanker segment to see highest number of newbuild deliveries since 2009

    Product tanker segment to see highest number of newbuild deliveries since 2009 Deliveries of newbuild product tankers will reach their highest level since 2009 this year, according to international shipping organisation BIMCO. The 2025 will see about 12m dwt delivered, up 256% compared to last year’s deliveries, and the second highest on record, chief shipping…

  • Wuhu Shipyard in $4bn tie-up with compatriot leasing duo

    Wuhu Shipyard in $4bn tie-up with compatriot leasing duo China’s Wuhu Shipyard has partnered up with two domestic financial leasing players to jointly work on new projects potentially worth more than RMB30bn ($4.1bn). The largest shipbuilding enterprise in Anhui province, formerly known as Fujiheng Machinery Plant, has penned a collaboration agreement with Wanjiang Financial Leasing…

  • AtoB@C signs up for six BAAS Shipping newbuilds

    AtoB@C signs up for six BAAS Shipping newbuilds AtoB@C Shipping, a Swedish subsidiary of ESL Shipping, part of the Finnish conglomerate Aspo, has continued its fleet renewal push with a long-term charter deal for six newbuildings. The shortsea operator will be adding low-emission 5,900 dwt ice class 1A bulkers to its fleet between 2025 and…

  • Solebay extends charters for Diana Shipping bulker pair

    Solebay extends charters for Diana Shipping bulker pair Greek bulker owner Diana Shipping has won time charter extensions for two of its vessels with Solebay Shipping. The first extension is for the 2007-built, 174,261 dwt capsize bulker Semirio. The gross charter rate is $16,650 per day, minus a 5% commission paid to third parties, for…

  • Svitzer books another battery-powered newbuild

    Svitzer books another battery-powered newbuild Danish towage operator Svitzer is adding another battery-powered newbuild to its fleet. The Copenhagen-based group with more than 450 vessels has contracted the Turkish Sanmar Shipyard to build the unit for delivery in the second half of 2025.  The electric tug, based on the design of naval architect Robert Allan,…

  • NATO, Baltic states and Taiwan to clamp down on cable cutters

    NATO, Baltic states and Taiwan to clamp down on cable cutters In Asia and Europe, authorities are taking action, trying to crack down on ships taking out critical subsea infrastructure.  NATO secretary-general, Mark Rutte co-hosted a summit of Baltic Sea allies yesterday launching new military activity in the region to protect critical infrastructure following a…

  • Lowest bid wins? It’s the least sustainable way of building a ship

    Lowest bid wins? It’s the least sustainable way of building a ship It is said that preparations rarely survive contact with reality, but shipyards are realising that engaging with contractors adds value, writes German Cagliardi from RNDV Group of Companies. The business of actually building a ship gains far less attention than contract announcement or…

  • Lloyd’s List Intelligence buys Infospectrum

    Lloyd’s List Intelligence buys Infospectrum Maritime data and analytics business Lloyd’s List Intelligence has acquired counterparty risk provider Infospectrum. Established in 1999, Infospectrum provides due diligence, credit reporting and risk management consultancy services for the shipping and commodity sectors. The UK-based outfit counts about 50 analysts and more than 1,000 clients.  The move is expected…

  • Bibby Marine selects new yard for electric CSOV newbuild

    Bibby Marine selects new yard for electric CSOV newbuild UK shipowner Bibby Marine has found a new shipbuilder in Spain for its electric commissioning service operation vessel (eCSOV). The contract for the innovative eCSOV has been moved from Gondan Shipbuilders to shipyard Armon after the project timelines were unable to be fulfilled, the company told…

  • NYK establishes offshore wind CTV joint venture

    NYK establishes offshore wind CTV joint venture Japan’s Nippon Yusen Kaisha (NYK) has launched a crew transfer vessel shipmanagement joint venture for domestic offshore wind projects. The jv company Japan Offshore Support (JOS), in which NYK will hold a 51% stake, has been established with local towing player Akita Eisen Kisen Kaisha, following a memorandum…

  • Wallenius Wilhelmsen seals deal for Gothenburg terminal

    Wallenius Wilhelmsen seals deal for Gothenburg terminal Norwegian car carrier player Wallenius Wilhelmsen has reached an agreement to take over the terminal operations at Sweden’s Gothenburg port from February 2026. The Oslo-listed company said its aim is to develop Scandinavia’s largest port for vehicles, acting as an integrated supply chain partner and transforming the terminal…

  • Louis Dreyfus Armateurs lands $575m Vattenfall SOV deal

    Louis Dreyfus Armateurs lands $575m Vattenfall SOV deal Louis Dreyfus Armateurs (LDA) has secured a contract for up to three service operation vessels that will be deployed on offshore wind sites in the German North Sea. The French family-owned shipowner has emerged as a winner of an SOV tender issued by Sweden’s biggest utility, Vattenfall,…

  • ST Engineering bags walk-to-work vessel order

    ST Engineering bags walk-to-work vessel order Singapore’s ST Engineering has secured a shipbuilding contract for the design and construction of a walk-to-work (W2W) vessel for an undisclosed “leading oil and gas company”, marking its expansion into the market for specialised vessels supporting offshore operations. The newbuild is expected to be completed by the first half…

  • Diana Shipping fixes out cape to SwissMarine

    Diana Shipping fixes out cape to SwissMarine Greek bulker owner Diana Shipping has entered into a time charter contract with SwissMarine for one of its capesize vessels. Stone Shipping hired the 2010-built, 177,773 dwt bulker New York. The gross charter rate is $17,600 per day, minus a 5% commission paid to third parties, for a…

  • Foresea seals $70m boost under Petrobras drillship deal

    Foresea seals $70m boost under Petrobras drillship deal Brazilian drilling contractor Foresea is adding $70m to its backlog under an existing drillship deal with Petrobras. The company established in June 2023 from the restructuring of Ocyan’s drilling unit fixed its floater Norbe VIII in September of the same year to the state-controlled oil giant for…

  • Van Oord clinches cable installation contract in Taiwan

    Van Oord clinches cable installation contract in Taiwan Dutch marine construction firm Van Oord has been contracted by Danish fund manager and renewables investor Copenhagen Infrastructure Partners (CIP) to install inter-array cables for the Fengmiao 1 offshore wind farm in Taiwan. Under the contract with an undisclosed value, Van Oord will transport and install 33…

  • Elbdeich back for more Wenchong boxships

    Elbdeich back for more Wenchong boxships German owner Elbdeich Reederei has returned to China’s Wenchong yard for up to four more containership newbuilds. Copenhagen-based MB Shipbrokers reports Elbdeich is ordering a pair of 1,900 teu vessels at about $32.2m each, with options attached for two more. Unlike the 1,300 teu methanol dual-fuel boxships the company…

  • Pot Scheepvaart back at Royal Bodewes for another MPP newbuild

    Pot Scheepvaart back at Royal Bodewes for another MPP newbuild Dutch owner Pot Scheepvaart has returned to fellow shipyard Royal Bodewes with an order for an additional 6,340 dwt multipurpose (MPP) newbuild. The new contract, which follows another unit booked for construction in March last year, will see the vessel delivered in 2027. The Delfzijl-based…

  • Solstad scores three-year CSV fixture

    Solstad scores three-year CSV fixture Norwegian vessel owner Solstad Maritime has fixed its construction support vessel (CSV) Normand Frontier to an international contractor for three years. Solstad Offshore, which owns 27% of Solstad Maritime, said the contract has an immediate startup and will keep the 2014-built CSV fully utilised until the end of 2027. The…

  • Hebei Xinyang signs for kamsarmax pair at Chengxi

    Hebei Xinyang signs for kamsarmax pair at Chengxi China’s Hebei Xinyang Shipping has contracted two kamsarmax bulk carrier newbuilds at CSSC Chengxi Shipyard. The 229-m-long newbuilds, independently developed by CSSC Chengxi, will meet the International Maritime Organization’s (IMO) Tier III and EEDI III emission standards. The deal worth about $75m will see the first 82,600…

  • Next Geosolutions secures more work for TenneT

    Next Geosolutions secures more work for TenneT Offshore energy services contractor Next Geosolutions has been selected by Dutch-German transmission system operator TenneT for site surveys at two wind farm zones off the Netherlands. The contract worth €27m ($27.7m) will see the company, part of Naples-based shipping group Marnavi, carry out marine UXO surveys in the…

  • Mainport Shipping secures funding for N-Sea bound OSV newbuild

    Mainport Shipping secures funding for N-Sea bound OSV newbuild Mainport Shipping has secured funding from the Eurazeo Sustainable Maritime Infrastructure (ESMI) Fund for the construction of its Geo Master hybrid survey and ROV support vessel. The vessel is being built by the Neptune Construction yard in the Netherlands. It is set to be delivered in…

  • Audit finds more than 80% of sanctioned ships have no confirmed insurance

    Audit finds more than 80% of sanctioned ships have no confirmed insurance The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance. Moreover, the average age of sanctioned ships – 21 years – is some eight…

  • Terrifying record number of seafarers left to rot at sea

    Terrifying record number of seafarers left to rot at sea Cases of crew abandonment more than doubled last year from 2023’s record levels to set an alarming new high with experts linking the rise to the ongoing growth of the so-called shadow fleet.  According to data from the International Maritime Organization (IMO) there were 310…

  • Number of falsely flagged ships doubles in the space of 22 months

    Number of falsely flagged ships doubles in the space of 22 months The UK is leading a bid to stamp out falsely flagged ships at the International Maritime Organization (IMO).  In a submission to the IMO’s legal committee, backed by 21 other countries, the UK has counted that the number of falsely flagged vessels has…

  • Epic salvage of Sounion tanker complete

    Epic salvage of Sounion tanker complete Salvage of last year’s most high profile Houthi vessel attack has been completed with sources telling Splash the tanker will now likely head for scrap. Greek owned, laden oil tanker Sounion was targeted by Houthi militants in the southern Red Sealast August with the crew evacuating the following day…

  • Subsea 7 scores Equinor contract

    Subsea 7 scores Equinor contract Oslo-listed Subsea 7 has won a contract from energy major Equinor for a front-end engineering and design (FEED) study for the Fram Sør development project, offshore Norway. The study will finalise the technical definition of the proposed subsea development before Equinor and its partners make the final investment decision, the…

  • MOL to develop green corridor linking Portugal and Northern Europe

    MOL to develop green corridor linking Portugal and Northern Europe Japan’s largest shipowner Mitsui OSK Lines (MOL) has signed a memorandum of understanding (MOU) to develop a green corridor connecting Portugal to Northern Europe with the producer of green chemicals and gases Madoqua Renewables. This green corridor project aims to establish a shipping route utilising…

  • Prosafe pens $110m flotel extension with Petrobras

    Prosafe pens $110m flotel extension with Petrobras Offshore accommodation vessel specialist Prosafe has signed a contract extension with Brazilian oil giant Petrobras for one of its semisubs. The vessel in question is the 2015-built Safe Zephyrus which will be used for safety and maintenance support offshore Brazil. The original 650-day firm period was due to…

  • US east coast strike averted

    US east coast strike averted The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) have reached a tentative agreement on all items for a new six-year master contract averting a potentially damaging strike on the US east and Gulf coasts next week. The two sides agreed to continue to operate under the current…

  • Coalition grows to launch GHG levy on shipping

    Coalition grows to launch GHG levy on shipping A levy on greenhouse gas emissions could be one of the single largest shipping news items of the year with a growing coalition now aiming to force this much-discussed environmental measure through when member states gather at the International Maritime Organization (IMO) in April for the 83rd…

  • Monjasa brings in ADNOC L&S LNG carrier as FSU in Dubai

    Monjasa brings in ADNOC L&S LNG carrier as FSU in Dubai Danish marine fuels supplier Monjasa is strengthening its LNG bunkering business in the United Arab Emirates by chartering a dedicated floating storage unit. The company, which recently completed UAE’s first LNG bunkering via NYK’s chartered-in 5,000 cu m Green Zeebrugge is now bringing in…

  • SBM Offshore invests in Blue Power hub developer

    SBM Offshore invests in Blue Power hub developer Dutch floater expert SBM Offshore has invested in Ocean-Power, a company developing an offshore power hub that generates electricity using gas turbines and carbon capture and storage. The investment by the company follows a memorandum of understanding between SBM Offshore and the Norwegian company signed in June…

  • Taiwan’s Dong Fang Offshore enters European market with DeepOcean charter deal

    Taiwan’s Dong Fang Offshore enters European market with DeepOcean charter deal Taiwanese owner and operator Dong Fang Offshore (DFO) has sealed a deal to charter out one of its construction support vessels to Norwegian ocean services provider DeepOcean. The subsidiary of Hung Hua Construction, with a fleet of 16 vessels including those under construction, has…

  • COSCO seeks to defuse Pentagon spat

    COSCO seeks to defuse Pentagon spat COSCO, the world’s largest shipping company, has sought to downplay news carried by Splash yesterday that it has been added to a list of companies the US Department of Defense views as having links to the People’s Liberation Army. While being on the Pentagon’s blacklist carries no specific penalties,…

  • Major Chinese port group bans tankers on OFAC’s sanctions list

    Major Chinese port group bans tankers on OFAC’s sanctions list Shandong Port Group has banned any tanker sanctioned by the US from calling at its ports.  The group oversees major ports on China’s northeast coast including Qingdao, Rizhao and Yantai, which are among the biggest destinations for sanctioned oil from Russia, Iran and Venezuela. Reuters…

  • Navigator snaps up three ethylene carriers

    Navigator snaps up three ethylene carriers New York-listed Navigator Holdings has agreed to buy three liquefied ethylene carriers complementing the recently expanded export terminal at Morgan’s Point in Texas. The world’s top player in the handysize LPG carrier segment is buying the German-built 17,000 cu m trio from an unnamed seller for $83.9m. The vessels…

  • Tanjung Offshore wins Carigali Hess contract

    Tanjung Offshore wins Carigali Hess contract Malaysian offshore services player Tanjung Offshore, part of T7 Global, has secured a long-term contract from Carigali Hess to carry out maintenance, construction and modification works offshore Malaysia. The contract, which kicks in on January 15, has a term of three years, with an option to extend for another…

  • ASCO scores $88m contract in Norway

    ASCO scores $88m contract in Norway Aberdeen-based energy logistics group, ASCO, has won a contract from Aker BP in Tananger, Sandnessjøen, and Farsund in Norway. The deal covers base and logistics services as well as continued services in warehouse management, load carriers, waste services, and personnel leasing for logistics and helicopter coordination. The potential total…

  • COSCO targeted by the Pentagon over alleged ties to the People’s Liberation Army

    COSCO targeted by the Pentagon over alleged ties to the People’s Liberation Army COSCO, the world’s largest shipping company, is among a host of Chinese shipping-related names added to a list of companies the US Department of Defense views as having links to the People’s Liberation Army. While being on the Pentagon’s blacklist carries no…

  • US eases Syrian energy sanctions

    US eases Syrian energy sanctions Following the ousting of Syrian dictator Bashar al-Assad last month, the US Treasury has decided to ease some sanctions on the war-torn Middle Eastern nation.  While most restrictions remain in place, a general license issued by the Office of Foreign Assets Control (OFAC) yesterday allows transactions to support the sale,…

  • Ziton bolsters jackup fleet 

    Ziton bolsters jackup fleet  Danish shipowner and offshore wind specialist Ziton has expanded its fleet of operations and maintenance jackup vessels. The company, acquired by a fund advised by Australia’s Macquarie Asset Management last year, is adding the 2011-built unit named Wind Discovery for an undisclosed sum, taking its fleet to six dedicated O&M jackups.…

  • Seacon agrees sale and leaseback for bulker newbuild

    Seacon agrees sale and leaseback for bulker newbuild China’s Seacon Shipping has secured financing for one of its handysize bulk carriers under construction in Japan. The Hong Kong-listed company said in a filing it had agreed to a $31.38m sale and leaseback deal for a 40,000 dwt bulker with Panama-incorporated Dawn Shipping and its Japan-based…

  • Heerema secures TenneT floatover barge deal

    Heerema secures TenneT floatover barge deal Dutch offshore construction player Heerema Marine Contractors has inked a contract with Dutch-German transmission system operator TenneT for the delivery of a new float-over barge, tailored for the installation of ultra-heavy topsides. The TSO plans to connect 14 high-voltage direct current (HVDC) offshore grid connection systems with a transmission…

  • Revisiting national security in the context of global commerce

    Revisiting national security in the context of global commerce In light of the US rejection of the Nippon Steel and US Steel deal, Wolfgang Lehmacher discusses the ongoing erosion of trade agreements. The erosion of trade agreements, particularly through the invocation of national security exceptions, poses significant challenges to the international economic landscape. The recent…

  • US east coast port talks set to resume

    US east coast port talks set to resume Talks are set to resume tomorrow between employers and dockworker unions across the US east and Gulf coasts in a last-ditch bid to avert a strike pencilled in for January 15.  Following a three-day strike last October, the International Longshoremen’s Association (ILA) reached an agreement with the…

  • Euroseas to spin off three older boxships into new US-listed vehicle

    Euroseas to spin off three older boxships into new US-listed vehicle Nasdaq-listed Greek containership owner Euroseas has revealed plans to spin off three of its oldest vessels into a separate publicly listed company. The Aristides Pittas-led tonnage provider with 27 ships on fully delivered basis will place the 1997-built Aegean Express, the 1998-built 2008 teu…

  • Steering through the challenges of maritime autonomy

    Steering through the challenges of maritime autonomy Professor John McDermid, director of the Centre for Assuring Autonomy, a partnership between the Lloyd’s Register Foundation and the University of York, kicks off 2025’s Contributions section. Autonomous systems can improve the maritime industry in a number of ways. For instance, it can contribute to the industry’s decarbonisation…

  • Crowley acquires mooring specialist Main Line

    Crowley acquires mooring specialist Main Line US shipping conglomerate Crowley has bolstered its harbour services through the acquisition of compatriot vessel mooring business Main Line. The Florida-based company said the move would provide its customers calling on the ports of Seattle and Tacoma “with a comprehensive solution for their vessel mooring and ship assist needs”.…

  • Transpetro in for four tanker newbuilds at local yards

    Transpetro in for four tanker newbuilds at local yards Brazil’s Transpetro has selected builders for four handysize product tankers as part of a fleet renewal and expansion program that foresees the construction of 25 vessels for the Petrobras subsidiary.  A deal worth $278m in total for 15,000 dwt – 18,000 dwt newbuilds is set to…

  • Equinor secures $3bn in financing for US offshore wind project

    Equinor secures $3bn in financing for US offshore wind project Norwegian energy giant Equinor has secured a $3bn financing package for its Empire Wind 1 project in the US. The company explained that the project was able to secure competitive terms due to strong interest from lenders. “The final group of lenders includes some of…

  • TotalEnergies, Vantage Drilling form drillship-owning entity

    TotalEnergies, Vantage Drilling form drillship-owning entity Offshore drilling contractor Vantage Drilling has created a joint venture entity with French energy major TotalEnergies, which will own the Tungsten Explorer drillship. The creation of the JV, named TEVA Ship Charter, aligns with the memorandum of understanding signed between the two companies in February 2024. Under the terms…

  • Nortrans Offshore wins flotel work on Romanian gas project

    Nortrans Offshore wins flotel work on Romanian gas project Singapore-based Nortrans Offshore has landed a charter deal with Italian offshore engineering and construction giant Saipem for one of its maintenance and support vessels. The 2015-built flotel Temis will work on the Neptun Deep gas development project in the Romanian part of the Black Sea. The…