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  • Noble fixes semisub work off Australia

    Noble fixes semisub work off Australia Noble Corporation has secured more work for its semisubmersible rig, Ocean Apex, in Australia. The New York-listed rig owner said the 1976-built and 2014-upgraded unit had been fixed to an unnamed operator in direct continuation of its prior commitments in Australia. The deal is for at least 37 days…

  • Globus Maritime bags sale and leaseback for ultramax newbuild

    Globus Maritime bags sale and leaseback for ultramax newbuild Greek dry bulk owner Globus Maritime has struck a sale and leaseback deal for one of its recently delivered vessels. The Nasdaq-listed company said it had sold its ultramax Glbs Magic to a Japanese buyer for $25m in December and chartered the 2024-built bulker back for…

  • Noble bags $84m Suriname gig with Petronas

    Noble bags $84m Suriname gig with Petronas Offshore driller Noble Corp has won a deal for the high-specification semisubmersible rig Noble Developer to drill three wells offshore Suriname for Petronas. The contract is expected to begin around June 2025, with an estimated duration of 200 days. The firm contract value is approximately $84m including additional services…

  • Subsea 7 gets work on Turkish offshore gas field

    Subsea 7 gets work on Turkish offshore gas field Offshore engineering and services player Subsea 7 has won a contract for the inspection, repair, and maintenance services for the Sakarya gas field development in the Black Sea from the Turkish Petroleum Offshore Technology Center. The contract scope includes project management and engineering executed and managed…

  • Yinson Production JV bags floater extension in Vietnam

    Yinson Production JV bags floater extension in Vietnam Singapore-based floater owner and operator Yinson Production, part of the Malaysian Yinson Group, has secured a bareboat charter extension with PetroVietnam for the floating production storage and offloading vessel PTSC Lam Son. The extension kicks in on January 1, 2025 in direct continuation of the existing charter…

  • Singapore OSV player Vallianz hit by cyber attack

    Singapore OSV player Vallianz hit by cyber attack Singapore OSV owner and operator Vallianz has been hit by a cyberattack that has allowed an unknown party unauthorised access to the company’s servers. Upon discovering the ransomware incident, the firm – and its parent company Rawabi Holding Company Limited – took immediate action to identify, contain,…

  • ADES seals second jackup rig deal in Thailand

    ADES seals second jackup rig deal in Thailand Saudi oil and gas driller ADES has secured its second contract in Thailand, marking the fourth redeployment of one of its suspended jackup rigs in the Kingdom. The deal, estimated at about $276m, covers a firm five-year term for the Admarine 503 rig with a three-year extension…

  • Singfar lines up LNG bunker newbuilds in China

    Singfar lines up LNG bunker newbuilds in China Singfar Group is set to expand its fleet with up to four LNG bunker vessel newbuilds. Newbuilding sources have linked the Singapore-based owner to a deal at CSSC Guangzhou Wenchong Shipbuilding for two 20,000 cu m units, with an option for an additional pair. No price tag…

  • EDF, Ocean Winds-led consortiums win French floating wind round

    EDF, Ocean Winds-led consortiums win French floating wind round French Ministry of Industry and Energy has selected partnerships between EDF Renewables and Maple Power as well as Ocean Winds and Banque des Territoires to build and operate a 250 MW floating offshore wind farm each in the Mediterranean. The two projects were selected following the…

  • Seadrill sells jackup after being unemployed for eight years

    Seadrill sells jackup after being unemployed for eight years Offshore rig owner Seadrill has completed the sale of its only cold-staked jackup – the West Prospero. Seadrill sold the West Prospero for cash proceeds of $45m. The 2007-built rig has been cold-stacked since 2016. Its last contract was from May 2014 until May 2016 with…

  • Wallenius Wilhelmsen unit lands $4.2bn deal with Hyundai and Kia

    Wallenius Wilhelmsen unit lands $4.2bn deal with Hyundai and Kia Wallenius Wilhelmsen’s car carrier operator, Eukor, has secured a new and improved contract with Hyundai Motor Group. Wallenius Wilhelmsen said Friday that the term of the renewed deal has been increased from three to five years while the share of Korean exports will also be…

  • Chinese firm reveals plans to build pipelaying vessel

    Chinese firm reveals plans to build pipelaying vessel CNOOC subsidiary, China Offshore Oil Engineering Co (COOEC), has revealed plans to build a specialised pipe-laying vessel. The company said that the pipelayer would be built by COOEC’s self-owned funds and the total investment would be around RMB 1,375,256,800 ($188.4). The board of directors has already given…

  • NKT scores $1bn cabling deal in Germany with TenneT

    NKT scores $1bn cabling deal in Germany with TenneT Danish offshore cabling specialist NKT has been awarded two turnkey projects in Germany under a multi-year framework agreement with transmission system operator TenneT. TenneT has selected NKT to provide 525 kV XLPE HVDC on- and offshore power cable systems for two projects. The scope involves cable…

  • Samudera sets up shipbroking unit in Singapore

    Samudera sets up shipbroking unit in Singapore Indonesia’s Samudera Shipping has established a shipbroking business in Singapore. The Singapore-listed diversified owner said in a filing it had incorporated a wholly-owned subsidiary Samudera Ship Brokers on Thursday. The new company will mainly be involved in ship brokering, port, shipping and maritime related consultancy services, Samudera said.…

  • Israel pounds Houthi strongholds

    Israel pounds Houthi strongholds Israeli fighter jets have bombed the international airport in Yemen’s capital Sanaa and several ports in the Red Sea. Israel Defence Forces (IDF) stated that it conducted strikes on what it claimed were ‘military targets belonging to the Houthi terrorist regime’ on Yemen’s western coast and on several locations further inland.…

  • Finland detains Russia-linked tanker after latest Baltic Sea cables incident

    Finland detains Russia-linked tanker after latest Baltic Sea cables incident Finnish authorities have detained a tanker suspected of being involved in the damage of a subsea power cable connecting Finland and Estonia and disruptions of several data cables. The police and border guard boarded the Cook Islands-flagged LR1 tanker Eagle S carrying oil from Russia…

  • Diana Shipping extends post-panamax charter at reduced rate

    Diana Shipping extends post-panamax charter at reduced rate New York-listed Greek bulker owner Diana Shipping has won an extension of a time charter contract for one of its post-panamax vessels with Belgium’s Cobelfret. Diana Shipping agreed on an extension for its 2012-built, 98,697 dwt bulker Amphitrite. The original deal for the vessel started on November…

  • JERA and BP-led partnerships win Japanese offshore wind auction

    JERA and BP-led partnerships win Japanese offshore wind auction Japan’s industry and land ministries have selected JERA and BP-led consortiums as operators for two offshore wind blocks in the country’s third auction round. The JERA-led consortium, which also includes Green Power Investment and Tohoku Electric Power, won the 615MW wind farm on the southern side…

  • Dolphin Drilling wins $100m in Nigerian court case

    Dolphin Drilling wins $100m in Nigerian court case Semisub rig owner Dolphin Drilling has won a prolonged court spat with Nigerian oil company General Hydrocarbons Limited over a contract termination. The disagreement between the two companies started in April this year when Dolphin Drilling terminated a contract for the Blackford Dolphin rig with the Nigerian…

  • TotalEnergies adds more time to Northern Drilling semisub deal

    TotalEnergies adds more time to Northern Drilling semisub deal French energy major TotalEnergies has exercised an extension option for Northern Drilling’s semisub Deepsea Mira. John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, won the extension back in August. The rig, managed by Odfjell Drilling, has been working in Namibia under a multi-country…

  • Golar LNG buys remaining stake in FLNG unit for $90m

    Golar LNG buys remaining stake in FLNG unit for $90m Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch. The acquisitions comprise all third-party interests in the asset, including 5.45% common units, 10.9% Series A, and 10.9% Series B…

  • SBM Offshore orders FPSO hull from Shanghai Waigaoqiao Shipbuilding

    SBM Offshore orders FPSO hull from Shanghai Waigaoqiao Shipbuilding Dutch floater expert SBM Offshore has ordered another FPSO hull based on its universal Fast4Ward design from China’s Shanghai Waigaoqiao Shipbuilding (SWS). This will be the sixth such hull the firm ordered from SWS. The FPSO, once completed, will be able to hold 2.3m barrels of…

  • Boxship capsizes at Turkish port

    Boxship capsizes at Turkish port A Comoros-flagged containership, Amnah, tilted sideways and then capsized at the Ambarli port in Turkey. The incident took place on Monday at about 04.00 hrs local time due to imbalanced load distribution. The rescue team evacuated 10 of the 15 crewmembers, while the remaining five were forced to jump into…

  • One of Constellation’s stars nets $61m worth of work from Petrobras

    One of Constellation’s stars nets $61m worth of work from Petrobras Brazilian offshore driller Constellation Oil Services has bagged an extension of a contract for one of its semi-submersible drilling rigs with Petrobras. The contract extension was awarded to the Atlantic Star and is for an additional period of up to 301 days. The extension…

  • Windward to be acquired by US investor FTV Capital for $270m

    Windward to be acquired by US investor FTV Capital for $270m London-listed Israeli predictive maritime intelligence firm Windward is set to be acquired by US investment firm FTV Capital in a deal valued at £216m ($270m) million. Windward will be bought out by Octopus UK Bidco, a subsidiary of FTV Capital’s investment fund at 215p…

  • Seatrium wins contract for Gulf of Mexico production unit from BP

    Seatrium wins contract for Gulf of Mexico production unit from BP Singapore shipyard group Seatrium has signed a contract with energy supermajor BP for engineering, procurement, construction, and onshore commissioning work for the Kaskida floating production unit set to be deployed in the US Gulf of Mexico. The Kaskida project is a greenfield development located approximately…

  • COSCO continues bulker fleet expansion with newcastlemax series

    COSCO continues bulker fleet expansion with newcastlemax series Chinese state-owned shipping giant COSCO has further expanded its dry bulk newbuilding initiative with up to eight newcastlemax vessels at its group yard, COSCO Shipping Heavy Industry Yangzhou. The deal with an undisclosed value covers three firm and five optional 210,000 newbuilds, which will be operated by…

  • Yang Ming eyes up to 13 newbuilds

    Yang Ming eyes up to 13 newbuilds Taiwanese shipping line Yang Ming Marine Transport has moved to add up to 13 containerships as it looks to renew its fleet. The world’s 10th and Taiwan’s second largest liner operator said it would order ships between 8,000 teu and 15,000 teu to replace its over-20-year-old 5,500 teu…

  • Panama president hits back at Trump over canal takeover threat 

    Panama president hits back at Trump over canal takeover threat  Panama’s president, José Raúl Mulino, has rejected US President-elect Donald Trump’s comments that his new administration could move to take back control of the Panama Canal after accusing the country of charging excessive rates on US ships. Speaking at his post-election rally in Arizona over…

  • Longship boosts orderbook with newbuild brace

    Longship boosts orderbook with newbuild brace Netherlands-based shortsea operator Longship Group has bolstered its orderbook of eco-friendly general cargo vessels. The company has signed up for a pair of 3,700 dwt GS Eco-Freighters at compatriot GS Projects and Ship and Steelbuilding (SaS) in Waterhuizen following an order for two similar ships, which have already been…

  • Saipem back in business in Brazil

    Saipem back in business in Brazil A Brazilian court has informed Italian offshore engineering and construction giant Saipem that it can resume normal operations in Brazil. Saipem was suspended from signing new contracts with the Brazilian public administration for two years following a probe into alleged irregularities surrounding a deal signed with Petrobras in 2011.…

  • MSC boss Soren Toft takes the chair at World Shipping Council

    MSC boss Soren Toft takes the chair at World Shipping Council Mediterranean Shipping Company (MSC) chief executive Soren Toft has been elected as the new chairman of the liner lobby group, the World Shipping Council (WSC). Randy Chen, vice chairman of Taiwanese containerline Wan Hai, has been elected vice chair. Toft and Chen will serve…

  • Swedish police boards Chinese bulker to observe cable outage investigation

    Swedish police boards Chinese bulker to observe cable outage investigation Swedish police on Thursday boarded the Yi Peng 3, a 23-year-old panamax bulker owned by Ningbo Yipeng Shipping and linked to the severing of two data cables in the Baltic Sea after being invited by Chinese authorities. The vessel has been wanted for questioning by Sweden…

  • COSCO signs for 10 kamsarmax newbuilds

    COSCO signs for 10 kamsarmax newbuilds COSCO Shipping is pressing ahead with its massive newbuilding programme in the dry bulk segment. The Chinese state-owned shipping giant has partnered up with Everbright Financial Leasing for 10 kamsarmax newbuilds, which will be built at Jiangsu Hantong Ship Heavy Industry. Financial details and delivery dates for the 82,000…

  • Qube Ports faces more strikes across Australia

    Qube Ports faces more strikes across Australia Strikes at major Australian ports are set to continue in an ongoing dispute between unionised workers and Qube Ports over contract negotiations. Work stoppages will take place in Adelaide, Brisbane, Darwin, Gladstone, Melbourne, and Port Kembla. On Monday, union members went on strike at 10 ports around the…

  • EnTrust strikes deal on cash offer for Belships

    EnTrust strikes deal on cash offer for Belships US asset management firm EnTrust Global is set to launch a voluntary cash tender offer to take over Norwegian bulker owner Belships.  Blue Northern, a special purpose vehicle formed by funds managed by the Blue Ocean maritime investment team at EnTrust, will offer NOK20.50 per share in…

  • Israel strikes ports and oil facilities in Yemen

    Israel strikes ports and oil facilities in Yemen Multiple fatalities have been reported following a series of Israeli airstrikes on Yemen’s port infrastructure and oil storage facilities in the ports of Ras Isa and Hodeidah.  According to reports by Houthi-controlled media, the attacks killed at least nine people, seven in the port of Salif and…

  • Baltic Exchange names new chairman

    Baltic Exchange names new chairman Guy Hindley has been appointed as the new chairman of the Baltic Exchange Council. Hindley takes over on January 1 from Lord Jeffrey Mountevans, who has held the position for the past two years.  Hindley has been on the Baltic Exchange Council since January 2019 and is the managing partner…

  • Stainless Tankers offloads two oldest vessels

    Stainless Tankers offloads two oldest vessels Stainless Tankers of Norway has found a buyer for two of its oldest vessels listed for sale earlier this year. The Oslo-listed outfit backed by UK-based Tufton Investment Management is offloading the 2005-built J19 stainless steel units Monax and Marmotas for $31.2m. The buyer was not disclosed, but the…

  • Sebastian von Hardenberg to take over at Bernhard Schulte Shipmanagement

    Sebastian von Hardenberg to take over at Bernhard Schulte Shipmanagement Germany’s Bernhard Schulte Shipmanagement (BSM), with a fleet of over 670 vessels under management, will enter the next year with a new chief executive. Ian Beveridge is handing over the position to the company’s chief financial officer, Sebastian von Hardenberg, who joined the Schulte Group…

  • Shipmanagement veteran Marcel Liedts dies

    Shipmanagement veteran Marcel Liedts dies Marcel Liedts, a well-known name in shipmanagement circles, has passed away. As one of the key architects of Anglo-Eastern, alongside Peter Cremers and Richard Wong, Liedts served the Hong Kong-based shipmanagement giant for more than 30 years. He joined Anglo-Eastern in the mid-1980s and played an instrumental role in shaping…

  • MOL hires cape from Diana Shipping

    MOL hires cape from Diana Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japan’s largest shipowner Mitsui O.S.K. Lines (MOL) for one of its capesize vessels. The company hired the 2015-built, 179,426 dwt bulker Santa Barbara. The gross charter rate is $22,000 per day, minus a 5% commission…

  • Performance Shipping pens aframax charter with AET

    Performance Shipping pens aframax charter with AET Greece’s Performance Shipping has entered into a time charter contract with American Eagle Tankers (AET) for one of its aframax vessels. The deal will see the 2011-built, 104,623 dwt tanker Blue Moon work for AET, the tanker arm of Malaysia’s top shipping line MISC, for 21 months. The…

  • Thomas Kazakos appointed ICS secretary general

    Thomas Kazakos appointed ICS secretary general The International Chamber of Shipping (ICS) has appointed Thomas Kazakos as its next secretary general. The director general of the Cyprus Shipping Chamber since 1995 will replace Guy Platten, who will be stepping down at shipping’s top lobby group in June next year after holding the position for nearly…

  • Doun Kisen bulks up with four newbuilds in China

    Doun Kisen bulks up with four newbuilds in China Japan’s Doun Kisen has boosted its bulk carrier orderbook in China with four additional newbuilds. Multiple broking outfits report the diversified shipowner has returned to Nantong Xiangyu Shipbuilding & Offshore Engineering for a pair of kamsarmax and ultramax vessels each. The 82,000 dwt and 63,500 dwt…

  • Monjasa makes LNG bunkering move in the UAE

    Monjasa makes LNG bunkering move in the UAE Denmark-based bunker supplier Monjasa has brought in an LNG bunkering vessel on charter for deployment in the UAE. The company’s move into the LNG bunkering space has seen NYK’s 5,000 cu m Green Zeebrugge fixed for an undisclosed period in what Monjasa says was a response to…

  • China Merchants signs for newcastlemax newbuild brace

    China Merchants signs for newcastlemax newbuild brace China Merchants Energy Shipping (CMES) has struck a lease deal for a pair of scrubber-fitted newcastlemax bulker newbuilds delivering in 2026. The Shanghai-listed diversified shipping arm of China Merchants Group said in a filing it would be paying around $100m to take 210,000 dwt vessels on charter from…

  • Giant 400,000 dwt VLOC sets new wind installation record

    Giant 400,000 dwt VLOC sets new wind installation record Anemoi Marine Technologies has completed the installation of five rotor sails onboard the 400,000 dwt VLOC Sohar Max making it the largest vessel to receive wind propulsion technology to date. Sohar Max is a first-generation Valemax, built in 2012 in China’s Rongsheng shipyard, and owned by…

  • Diana Shipping fixes kamsarmax to China Resource Chartering

    Diana Shipping fixes kamsarmax to China Resource Chartering New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with China Resource Chartering for one of its kamsarmax vessels. The company hired the 2013-built, 75,403 dwt bulker Maera. The gross charter rate is $8,400 per day, minus a 5% commission paid to third…

  • Halkidon Shipping sells LR2

    Halkidon Shipping sells LR2 Greek tanker player Halkidon Shipping has sealed a deal privately, doubling its money offloading the 14-year-old 112,700 dwt, New Times-built LR2 tanker Elli.  This ship was purchased in a bank-driven sale in 2018, adding one of the last ships from Gregory Callimanopoulos’s Toisa for $22m.  The vessel has now been sold and renamed…

  • Insurance checks instituted for Russian shadow fleet passing through the Baltic

    Insurance checks instituted for Russian shadow fleet passing through the Baltic A number of European nations have followed the lead taken by the UK in demanding insurance details from Russian-linked ships passing through their waters, something that is expected to put pressure on Russia’s exports through the Baltic.  The UK started this crackdown in October,…

  • Kosmos Energy confirms takeover talks with Tullow Oil

    Kosmos Energy confirms takeover talks with Tullow Oil US oil and gas player Kosmos Energy has confirmed that it is in preliminary discussions to take over the UK-based independent exploration firm Tullow Oil. Both companies issued statements which confirmed the discussions after media reports speculated on the possibility of the deal happening. Kosmos said in…

  • Ineos buys CNOOC’s US assets

    Ineos buys CNOOC’s US assets Ineos Energy has acquired the Gulf of Mexico business held by the US subsidiary of Chinese company CNOOC International Limited. The deal increases Ineos’ production globally to over 90,000 barrels of oil equivalent per day. These assets in the Gulf of Mexico are the third major investment by the company…

  • Fuzhou Wuyang signs for LNG bunker newbuilds at CIMC SOE

    Fuzhou Wuyang signs for LNG bunker newbuilds at CIMC SOE China’s Fuzhou Wuyang Refined Oil Trading has contracted for two LNG bunker vessel newbuilds at compatriot Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The deal, with an undisclosed price tag, covers one firm 12,000 cu m LNG dual-fuel vessel for delivery in 2027 and…

  • Hilong launches $8m counterclaim against Vallianz in AHTS charter dispute

    Hilong launches $8m counterclaim against Vallianz in AHTS charter dispute Singapore OSV owner and operator Vallianz is facing a legal challenge in a vessel charter dispute with Hilong Marine Engineering. The company said in a stock exchange filing that its subsidiary, Vallianz Offshore Marine, has been served with a counterclaim of $8.1m from the subsidiary…

  • FSL offloads its oldest product tanker

    FSL offloads its oldest product tanker First Ship Leasing Trust (FSL) is selling its oldest vessel. The Singapore-listed product tanker owner said in a filing it had struck a deal with an undisclosed buyer for the 2004-built Cumbrian Fisher. The price was not disclosed, but FSL said it had received the initial 10% deposit in…

  • Getting nuclear for maritime over the hump

    Getting nuclear for maritime over the hump Mikal Boe writes for Splash today on nuclear’s regulatory approval process. It’s 114 years since the first diesel powered ships set out to sea. That big diesel engine changed the world because diesel is more energy dense than what came before. It brought us immense improvements in energy…

  • Castor Maritime buys MPC Capital

    Castor Maritime buys MPC Capital Petros Panagiotidis-led Castor Maritime is buying a majority stake in MPC Münchmeyer Petersen Capital (MPC Capital), spending EUR182.8m ($192.6m) to take 74.09% of the shares in the Frankfurt-listed company. MPC Capital is an investment and asset manager specialising in infrastructure projects in the maritime and energy sectors. It is the…

  • Disconnect between earnings and secondhand asset values in the spotlight

    Disconnect between earnings and secondhand asset values in the spotlight Broker SSY has been studying the disconnect between earnings and secondhand asset values in the bulker market, something it believes will continue next year and beyond, thanks in no small part to shipyard capacity utilisation. Given continued strong newbuild demand across the shipping markets, SSY…

  • Trump comes out in support of dockworkers in automation battle on US east coast

    Trump comes out in support of dockworkers in automation battle on US east coast President-elect Donald Trump has backed dockworkers in their automation battle with employers on the US east and Gulf coasts, citing his America first mantra. Unionised workers and employers have not been able to agree terms for a new labour deal, with…

  • Finland forces ships to discharge wastewater in port

    Finland forces ships to discharge wastewater in port The Finnish parliament has passed legislation banning cargo ships from discharging wastewater in the country’s coastal waters. The law will become effective next July.  “This is a huge achievement. Major environmental victories are rare, but this decision is truly world-class. No other country has enacted such ambitious…

  • DHT offloads oldest ship 

    DHT offloads oldest ship  New York-listed supertanker specialist DHT is selling its oldest ship for $43.4m. The Svein Moxnes Harfjeld-led VLCC owner said it had struck a deal with an undisclosed buyer for the 2006-built DHT Scandinavia. Delivery of the Hyundai-built unit is expected in January 2025. DHT said the ship is debt-free and expects…

  • Wallenius Wilhelmsen wins two transport deals worth $375m

    Wallenius Wilhelmsen wins two transport deals worth $375m Norwegian car carrier operator Wallenius Wilhelmsen has signed two multi-year shipping contracts with large automobile OEMs, both including biofuel. The first is a three-year shipping contract valued at approximately $263m over the contract period based on the assessed volume. This contract adopts Wallenius Wilhelmsen’s re-engineered bunker adjustment…

  • Poseidon Principles banks make headway in aligning with climate targets

    Poseidon Principles banks make headway in aligning with climate targets The Poseidon Principles group of banks has moved closer to alignment with IMO’s revised GHG strategy to remove emissions from shipping by 2050. In its fifth annual report, the framework for measuring and reporting the alignment of lenders’ shipping portfolios with climate goals showed a…

  • EU sanctions another 50 Russia-linked ships

    EU sanctions another 50 Russia-linked ships The European Union has unveiled its latest package of sanctions against Russia, with around 50 ships from the shadow fleet targeted.  EU foreign ministers are expected to formally adopt the sanctions package on Monday.  Further sanctions are expected in the new year when Poland takes over the presidency of…

  • Kawasaki Heavy scales back hydrogen ambitions

    Kawasaki Heavy scales back hydrogen ambitions Kawasaki Heavy Industries is ditching plans to source hydrogen from Australian brown coal, due to delays in construction approvals. Kawasaki Heavy will now source hydrogen on home soil in Japan, and will focus on smaller hydrogen carriers than originally envisaged.  Kawasaki Heavy, which has been operating the world’s first liquified…

  • Trump’s plans and what we can do to secure supply

    Trump’s plans and what we can do to secure supply Wolfgang Lehmacher delves into the expected changes, their potential impacts, and strategies businesses can adopt to navigate Trump 2.0. The political landscape is shifting with Donald Trump’s recent election, which could significantly change trade flows and disrupt global supply chains. The anticipated policies of the…

  • Odfjell snaps up four leased tankers

    Odfjell snaps up four leased tankers Norway’s Odfjell is boosting its owned fleet through a purchase option on four vessels it currently has on long-term lease deals. The move will see the Oslo-listed chemical tanker owner and operator add a total of seven 35,000 dwt to 41,000 dwt stainless-steel super-segregator vessels in the next 14…

  • MOL orders ammonia dual-fuel newcastlemaxes

    MOL orders ammonia dual-fuel newcastlemaxes Mitsui OSK Lines (MOL) has beefed up its orderbook with a new deal for newcastlemax bulk carriers in China. Newbuilding brokers say the Japanese shipping giant has contracted four 210,000 dwt units at leading newcastlemax builder CSSC Qingdao Beihai Shipbuilding for delivery in 2027 and 2028. MOL had ordered three…

  • Next Geosolutions expands fleet with MPSV acquisition

    Next Geosolutions expands fleet with MPSV acquisition Marine geoscience and offshore construction support player Next Geosolutions (NextGeo) is expanding its fleet with the acquisition of a multipurpose survey vessel (MPSV) from Norway’s Beitveit Holding. The Milan-listed company, part of Naples-based shipping group Marnavi, is paying €6.75m ($7.1m) for the 2010-built Sea Admiral, which will be…

  • Dynacom linked to more suezmax orders

    Dynacom linked to more suezmax orders Greece’s Dynacom Tankers has been tied to another deal for suezmax newbuilds, but this time in China. Brokers in Greece report George Procopiou’s company has signed a letter of intent for four 163,000 dwt ships at Chinese state-run Qingdao Beihai Shipbuilding. The quartet is priced at about $328m, with…

  • SLB lands contract for all Petrobras’ offshore fields in Brazil

    SLB lands contract for all Petrobras’ offshore fields in Brazil Houston-based oilfield service giant SLB has won a contract from Petrobras for integrated services across all the operator’s offshore fields in Brazil. Under the contract, estimated at about $800m, SLB will oversee the construction of more than 100 deepwater wells, utilising advanced drilling, cementing and…

  • Shipping shows improvement when it comes to diversity, equality and inclusion

    Shipping shows improvement when it comes to diversity, equality and inclusion The Diversity Study Group has published its fifth annual review based on a survey of its membership’s employees to assess the effectiveness of the diversity, equality and inclusion (DEI) strategies and plans. The report documents year-on-year trends in employee sentiment around DEI initiatives and…

  • Milaha charters Rickmers feeder duo

    Milaha charters Rickmers feeder duo Qatar Navigation (Milaha) has struck a deal with Clasen Rickmers-led Asian Spirit Steamship to take a pair of feeder containerships from the German owner on a long-term charter. The 2019-built 1,160 teu Spirit of Kolkata and Spirit of Chennai will be deployed on the Arabian Gulf and the Indian subcontinent…

  • Star Capital becomes majority stakeholder in subsea equipment provider

    Star Capital becomes majority stakeholder in subsea equipment provider UK private equity firm STAR Capital Partnership (STAR) has become the new majority shareholder in Subsea Technology & Rentals (STR). The investment will enable STR to further evolve its equipment and service offering through organic and acquisition-led growth. It will also expand the company’s geographical presence to…

  • Just one 45-year-old ship seen venturing into Syrian tumult

    Just one 45-year-old ship seen venturing into Syrian tumult A small, 45-year-old, Tanzania-flagged general cargo ship is the only vessel venturing into Syrian waters today. The Turkish-owned Omorfi is headed to the port of Tartous, while the rest of international merchant shipping gives the Middle Eastern nation a wide berth, letting the uprising that saw…

  • Investors sought to take over Sri Lanka’s top shipyard

    Investors sought to take over Sri Lanka’s top shipyard Japan’s Onomichi Dockyard is cashing out of Sri Lanka’s largest shipyard. The Japanese company intends to sell its 51% shareholding in Colombo Dockyard and end a management agreement that has been in operation for over three decades Colombo Dockyard is in preliminary discussions with a number…

  • ONE shows China an alternative way to power ships at port

    ONE shows China an alternative way to power ships at port Japanese containerline Ocean Network Express (ONE) has for the first time utilised shore power during lift-on and lift-off operations of an alternative marine power (AMP) container in a Chinese port. This was done ahead of a symposium which shared best practices and explored innovative…

  • Merchant shipping gives Syria a wide berth in the wake of Assad’s ousting

    Merchant shipping gives Syria a wide berth in the wake of Assad’s ousting Syria has become a no-go zone for international merchant shipping following the ousting of the Assad family from power.  Ships are giving the Middle Eastern nation a wide berth in the wake of the uprising that saw Bashar al-Assad fly to Russia…

  • How the Houthis fired liner earnings to extraordinary highs

    How the Houthis fired liner earnings to extraordinary highs No shipping sector has profited more this year from the ongoing Red Sea crisis than the container industry. The Houthis in Yemen have delivered the most profitable year in the history of liner shipping aside from the covid era earlier this decade.  Putting perspective on how…

  • Premier Alliance launch delayed as US demands more details

    Premier Alliance launch delayed as US demands more details The Premier Alliance, a new Asian liner grouping, had planned to start selling bookings later this week, something that will now likely have to be put on hold following intervention from the US. The Premier Alliance is made up of members of the soon-to-disappear THE Alliance,…

  • China deploys navy in drills around Taiwan

    China deploys navy in drills around Taiwan Merchant shipping has been warned it needs to tread carefully when passing through one of the world’s busiest shipping lanes this week as China carries out military drills around the island of Taiwan. China has bumped its number of navy and coast guard ships in waters near Taiwan,…

  • Specialist workshops added to Geneva Dry

    Specialist workshops added to Geneva Dry Based on feedback from delegates to this year’s event, the organisers of Geneva Dry have added two specialist workshops to next year’s edition of the world’s premier commodities shipping conference. On the morning of April 28, delegates will be able to attend both the Crewing In The Digital Age…

  • How shipping needs to look up to the skies for cyber security solutions

    How shipping needs to look up to the skies for cyber security solutions SmartSea’s Simon Fotakis discusses his experience in aviation and how that sector is ahead of maritime when it comes to cyber security measures due to it already being classified critical infrastructure. ‘Loose lips sink ships’ was a key phrase used as part…

  • Shadow VLCCs lined up for demolition

    Shadow VLCCs lined up for demolition Changes are afoot in the Iranian-linked VLCC fleet with just over six weeks until Donald Trump is sworn in as the 47th president of the US.  Splash reported on further sanctions aimed at Iran’s tanker fleet earlier this week, as well as news that China has started to ease…

  • Höegh Autoliners secures new five-year car shipping deal

    Höegh Autoliners secures new five-year car shipping deal Norwegian car carrier player Höegh Autoliners has inked a new five-year contract for the transport of a significant volume of cars. The client was not revealed but was described as a ‘major international car producer’. The transport of the vehicles, according to the company, will be done…

  • Global trade set to hit record $33trn this year

    Global trade set to hit record $33trn this year Global trade is on track to hit a record $33trn in 2024, according to the latest data from UNCTAD, the United Nations’ trade body. This 3.3% annual growth has been driven largely by a 7% rise in trade in services, contributing $500bn to the overall expansion.…

  • Exhaustive three-year study exposes the lie about work/rest hours at sea

    Exhaustive three-year study exposes the lie about work/rest hours at sea A three-year exhaustive study has shown the structures supporting the implementation of work/rest regulations at sea are being broken with close to two-thirds of seafarers adjusting their work/rest records. Under the Maritime Labour Convention 2006 (MLC), a seafarer has the right to regulated hours…

  • Crew abandon ship in the Red Sea

    Crew abandon ship in the Red Sea The crew of the Isa Star general cargo ship were forced to evacuate ship yesterday after a fire broke out in the vessel’s engine room. The ship was close to Yemen in the Red Sea when the fire broke out, but initial reports suggest this was an engine…

  • FuelEU Maritime’s Impact on the specialised market

    FuelEU Maritime’s Impact on the specialised market Sudheer Vijapurapu, managing director of New Asia Shipbrokers and Risto Kariranta, CEO of the Ahti Pool, write for Splash today on January 1’s big new regional regulation hitting shipping. The demand dynamics for specialised products are distinct from those of other shipping sectors. Most causes are shared with…

  • Wood signs three new deals with BP for worldwide engineering services

    Wood signs three new deals with BP for worldwide engineering services UK consulting and engineering firm Wood has signed three major agreements with oil major BP to provide engineering and project delivery services for their capital projects worldwide. The contracts cover a new master services agreement for engineering, procurement, and construction management (EPCm) services as…

  • Hutchison Ports Yantian launches first on-dock electric truck chassis battery swapping station

    Hutchison Ports Yantian launches first on-dock electric truck chassis battery swapping station Hutchison Ports Yantian and QIJI Energy, a subsidiary of the world’s largest EV battery manufacturer Contemporary Amperex Technology, have launched the world’s first on-dock chassis battery swapping station for electric trucks. This innovative system transforms the traditional hour-plus charging process into a mere five-minute operation,…

  • Idan Ofer unveils new ship leasing arm

    Idan Ofer unveils new ship leasing arm Idan Ofer has unveiled a new ship leasing arm in Singapore.  Dynamis Capital has been created by Quantum Pacific, Ofer’s holding company, having just bought Fleetscape Capital from Oaktree Capital Management, a division that has a fleet of around 25 ships.  Fredrik Ulstein and Kaizad Doctor, previously with…

  • China now controls unprecedented 65% of global shipbuilding orderbook

    China now controls unprecedented 65% of global shipbuilding orderbook China’s combined orderbook for merchant ships has grown by a remarkable 170% this decade, stretching its lead over its nearest shipbuilding rivals dramatically.  Data from Greek broker Intermodal and Clarksons Research show how the 2020s – and 2024 in particular – have been banner years for…

  • Jinhui continues fleet renewal push with ultramax buy

    Jinhui continues fleet renewal push with ultramax buy Chinese bulker owner and operator Jinhui Shipping and Transportation has returned to the secondhand market for another ultramax in its latest fleet renewal move. The Oslo- and Hong Kong-listed company has picked up the 2017-built Great Century from CMB Financial Leasing in a deal worth $24.52m. In…

  • AKOFS Offshore gets $300m extension for well intervention vessel

    AKOFS Offshore gets $300m extension for well intervention vessel Norwegian energy giant Equinor has exercised a three-year option for one of AKOFS Offshore’s well intervention vessels. Equinor awarded the extension to the vessel AKOFS Seafarer. The option period is estimated to begin in the late fourth quarter of 2025 after the vessel has completed its…

  • PV Drilling expanding jackup rig fleet amid growing demand

    PV Drilling expanding jackup rig fleet amid growing demand Petrovietnam Drilling and Well Service Corporation (PV Drilling) has revealed that it would be investing in a three-leg multi-purpose jackup rig, expected to begin operations in the fourth quarter of 2025. Due to a growing demand for jackup rigs, PV Drilling decided to go for a…

  • NYK gets stamp of approval for new long-distance cable layer design

    NYK gets stamp of approval for new long-distance cable layer design Nippon Yusen Kaisha (NYK) has been given approval in principle from the Japanese classification society ClassNK for the design of a new cable-laying vessel. According to NYK, the vessel is suitable for the construction of a long-distance subsea direct current transmission network in Japan.…

  • Performance Shipping pens aframax charter with Exxon subsidiary

    Performance Shipping pens aframax charter with Exxon subsidiary Greece’s Performance Shipping has entered into a time charter contract with ExxonMobil subsidiary SeaRiver Maritime for one of its LR2 aframax tankers. The deal will see the 2010-built, 105,304 dwt tanker P. Aliki work for Sea River Maritime for seven months. The charterer has the option to shorten…

  • Norden pounces on five leased ships and signs up for bulker newbuilds

    Norden pounces on five leased ships and signs up for bulker newbuilds Denmark’s Norden has seized the opportunity to bolster its owned fleet by five ships and signed to lease a fresh pair of bulker newbuildings as two older capesize units are being lined up for the new owner. The Jan Rindbo-led owner and operator…