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Category: splash24x7

  • Eidesvik secures fresh Equinor extension for long-serving PSV

    Eidesvik secures fresh Equinor extension for long-serving PSV Norway’s Eidesvik Offshore has been awarded a charter extension from compatriot energy giant Equinor for one of its large platform supply vessels (PSV). The extension was awarded to the 5,700 dwt PSV Viking Avant. The extension will begin in direct continuation of the current charter. Eidesvik said…

  • Transocean snaps up Valaris in $5.8bn stock deal

    Transocean snaps up Valaris in $5.8bn stock deal Transocean is set to absorb rival offshore driller Valaris in a move that reshapes the upper end of the global rig market and adds fresh momentum to an already busy consolidation cycle. The Switzerland-based offshore drilling heavyweight said it has signed a definitive agreement to acquire US-listed…

  • Exmar seals Cedar FLNG deal

    Exmar seals Cedar FLNG deal Belgian gas shipping and infrastructure group Exmar has been selected by Cedar LNG Partners to provide marine and operational services for the project’s floating liquefied natural gas unit. Under the agreement, the Antwerp-based owner will deliver marine operations and maintenance services for the FLNG vessel megúgu, which is currently under…

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

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

  • Minerva books suezmax brace at Hengli

    Minerva books suezmax brace at Hengli Greek owner Minerva Marine has returned to China’s Hengli Shipbuilding with an order for two suezmax crude tankers, continuing its steady fleet expansion across multiple segments. The deal covers two 158,000 dwt vessels, with a total contract value in the range of $160m to $200m, putting the unit price…

  • Tsakos lines up return to LNG newbuilds in South Korea

    Tsakos lines up return to LNG newbuilds in South Korea Greece’s Tsakos Energy Navigation (TEN) is moving closer to a return to the LNG carrier newbuilding market, lining up its first gas ship orders in roughly seven years. Shipbuilding sources say the Tsakos Group is finalising a deal with HD Hyundai Heavy Industries for two…

  • Venergy steps up LR2 newbuild push

    Venergy steps up LR2 newbuild push Fast-growing Greek owner Venergy Maritime is pushing further up the product tanker ladder, firming up a new order for LR2 newbuildings in China as it continues to build scale across the sector. The Vyron Vasileiadis-led company has signed for two more LR2 product tankers at New Times Shipbuilding, with…

  • MSC tops up Jinglu orderbook with eight more 11,500 teu ships

    MSC tops up Jinglu orderbook with eight more 11,500 teu ships Mediterranean Shipping Company (MSC) has moved to deepen its bet on LNG-fuelled tonnage, exercising options for eight more 11,500 teu dual-fuel containerships at China’s Penglai Jinglu Shipyard. The latest deal lifts the series to 16 sister vessels, following an initial order placed in 2024.…

  • GSX Energy firms up LNG bunker pair in China

    GSX Energy firms up LNG bunker pair in China GSX Energy has firmed up an order for two additional LNG bunkering vessels at China’s Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE), lifting its series at the yard to four ships. GSX Energy was formed in October 2025 as a joint venture between Sabrina Chao-…

  • Rio Tinto and Glencore walk away from revived mega-merger talks

    Rio Tinto and Glencore walk away from revived mega-merger talks Rio Tinto and Glencore have called time on renewed merger talks, abandoning plans for a deal that would have reshaped the global mining sector. The companies confirmed on Thursday that discussions had ended without agreement, scrapping a proposed tie-up that could have created the world’s…

  • Panama’s port purge draws China’s ire

    Panama’s port purge draws China’s ire The diplomatic spat between China and Panama is worsening over the Central American nation’s decision last week to strip Hong Kong’s CK Hutchison of its rights to operate two ports.  Panama’s president, José Raúl Mulino, declared the government will never again award the Balboa and Cristobal port concessions to…

  • Government reshuffle aims to turn PT PAL into Indonesia’s shipbuilding engine

    Government reshuffle aims to turn PT PAL into Indonesia’s shipbuilding engine Indonesia is revamping its state-owned shipbuilding sector, bringing it all under one roof, while tapping state-run lines to order domestically.  PT PAL Indonesia, the nation’s top state-owned shipbuilder, will become a holding company for all government-owned shipyards under the plans unveiled yesterday. The policy…

  • Splash Wrap: Ports in a storm

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

  • AD Ports secures 30-year concession to run Aqaba multipurpose terminal

    AD Ports secures 30-year concession to run Aqaba multipurpose terminal AD Ports Group is expanding its regional port footprint, signing a 30-year concession with Aqaba Development Corporation to manage and operate Jordan’s Aqaba multipurpose port. Under the deal, AD Ports will take a 70% stake in a new joint venture, with Aqaba Development Corporation holding…

  • Explosion knocks out MSC boxship near St Petersburg

    Explosion knocks out MSC boxship near St Petersburg An explosion and subsequent fire have hit the MSC-operated container ship MSC Giada III while the vessel was approaching St Petersburg in Russia’s Neva Bay, according to vessel tracking data and regional response activity. The 2,732 teu, Liberia-flagged ship was en route from Belgium to St Petersburg…

  • NYK and Ocean Yield clinch LNG carrier deal with Cheniere

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

  • Maersk posts ocean loss, 1,000 job cuts as container boom unwinds

    Maersk posts ocean loss, 1,000 job cuts as container boom unwinds The dark clouds swirling around the container shipping industry intensified today with Maersk following Japan’s Ocean Network Express, in announcing its ocean division had slipped into the red for the final quarter of 2025. The Danish shipping giant also revealed today it will lay…

  • Georgiopoulos and Vrondissis diversify into dry bulk with Norvic purchase

    Georgiopoulos and Vrondissis diversify into dry bulk with Norvic purchase Peter Georgiopoulos and Leo Vrondissis-led United Overseas Group is diversifying from its tanker base, announcing it is buying Norvic Shipping’s commercial platform and nine Japanese-built bulkers. The acquisition via the group’s trading arm transfers the entire issued share capital of Norvic Shipping Europe, Norvic Shipping…

  • Esvagt–KMC venture lines up CTV build backed by Vestas deal in South Korea

    Esvagt–KMC venture lines up CTV build backed by Vestas deal in South Korea KESTO, the offshore wind joint venture between Denmark’s Esvagt and South Korean shipping company KMC Line, has secured its first contracts, signing a long-term vessel deal with turbine maker Vestas for the Shinan-Ui offshore wind farm. Under the agreement, KESTO will provide…

  • MOL Chemical Tankers readies leadership change

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

  • Pistiolis in for 10 MR tanker newbuilds in China

    Pistiolis in for 10 MR tanker newbuilds in China Greek shipowner Evangelos Pistiolis has re-entered the newbuilding market, placing an order for 10 MR product tankers in China in a deal approaching $500m. Pistiolis’ privately held Central Group has signed up for the 50,000 dwt vessels at Guangzhou Shipyard International (GSI), marking the group’s first…

  • CK Hutchison launches arbitration after Panama court voids port concessions

    CK Hutchison launches arbitration after Panama court voids port concessions Hong Kong’s CK Hutchison has launched arbitration proceedings against the republic of Panama, escalating a deepening dispute over two key ports at the Panama Canal following a landmark Supreme Court ruling last week that invalidated its long-held concession contracts. The conglomerate disclosed early Wednesday that…

  • Floatel firms up vessel deal in Brazil

    Floatel firms up vessel deal in Brazil Oslo’s Floatel has firmed up Floatel Victory for another Brazil maintenance and safety unit (MSU) run with Brava Energia, extending the flotel’s South American stay. Floatel International said it has converted an October letter of intent into a six-month firm contract for the unit. The 2013-built semisub starts…

  • Red flags raised over growing cargo theft and freight fraud

    Red flags raised over growing cargo theft and freight fraud Cargo theft and freight fraud are climbing sharply across global supply chains, prompting a joint warning from the International Union of Marine Insurance (IUMI) and the Transported Asset Protection Association (TAPA). The two organisations said incidents are rising across Europe, the Americas and Africa, with…

  • Diana locks in higher rates in Cobelfret charter extension

    Diana locks in higher rates in Cobelfret charter extension New York-listed Greek dry bulk owner Diana Shipping has secured a direct continuation of the charter for its post-panamax, keeping the vessel employed with operator Cobelfret. Under the new deal, the 98,697 dwt Amphitrite will earn a gross rate of $13,000 per day for the first…

  • Maersk and Hapag-Lloyd to route one Gemini service through Red Sea

    Maersk and Hapag-Lloyd to route one Gemini service through Red Sea Maersk and Hapag-Lloyd are set to resume Red Sea transits on one of their shared Gemini Cooperation services, marking a cautious step back into the corridor after months of widespread diversions around the Cape of Good Hope. The Danish and German carriers said the…

  • Posidonia turns into a month-long shipping marathon

    Posidonia turns into a month-long shipping marathon Posidonia has a new record to go alongside its position as the world’s most famous shipping show. The 2026 edition of the Greek shipping showcase is set to run across nearly a month of activity, as organisers stretch the event into a three-week programme of conferences, meetings, networking,…

  • Westwood rolls out offshore vessel intelligence platform

    Westwood rolls out offshore vessel intelligence platform London-based energy market research firm Westwood has launched a new offshore vessel intelligence platform aimed at improving visibility across the global offshore support, service and offshore wind fleets. The platform named MarineLogix covers more than 10,000 vessels operated by around 2,500 owners across over 30 vessel classes. MarineLogix…

  • SITC extends 2,700 teu orderbook

    SITC extends 2,700 teu orderbook Chinese intra-Asia container player SITC International Holdings is pressing ahead with its fleet renewal and growth plans, returning to Huanghai Shipbuilding for two additional 2,700 teu newbuildings. The Hong Kong-listed carrier will pay close to $76.5m for the pair, according to a stock exchange filing. Delivery is scheduled from January…

  • Sonangol books LNG carrier newbuild in South Korea

    Sonangol books LNG carrier newbuild in South Korea Angola’s state-controlled energy company Sonangol is moving to grow its gas shipping exposure, placing an order for a new LNG carrier in South Korea. HD Hyundai Samho Heavy Industries has secured the contract to build a 174,000 cu m unit, according to a regulatory filing by the…

  • Malaysia briefly detains two tankers off Penang

    Malaysia briefly detains two tankers off Penang Two tankers were briefly detained off Penang last week after Malaysian authorities intercepted what they say was an illegal ship‑to‑ship (STS) transfer of crude in waters long notorious as a hotspot for shadow fleet activity. The Malaysian Maritime Enforcement Agency (MMEA) said a patrol vessel found two tankers…

  • APM Terminals steps up with offer to temporarily run Hutchison’s Panamanian ports

    APM Terminals steps up with offer to temporarily run Hutchison’s Panamanian ports Following last week’s decision by Panama’s Supreme Court to annul concession contracts held by a CK Hutchison unit for the Balboa and Cristobal terminals, Maersk-controlled APM Terminals has stepped into the breach. The Danish port operator has signalled its willingness to assume temporary…

  • India sets aside $1.2bn to ramp container production

    India sets aside $1.2bn to ramp container production India has moved from talking about ships and ports to attacking the metal boxes that keep trade flowing. Finance minister Nirmala Sitharaman’s budget pledge contains a ₹10,000 crore ($1.2bn), five‑year scheme to build a domestic container manufacturing ecosystem. India’s current annual container output is roughly 30,000 units;…

  • Trump taps Laura DiBella to lead US shipping watchdog

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

  • Shandong Marine in for LNG carrier quartet at Jiangnan

    Shandong Marine in for LNG carrier quartet at Jiangnan China’s Shandong Marine has moved to expand its LNG carrier fleet, placing an order for four newbuildings at compatriot yard Jiangnan Shipyard, with the vessels set to be chartered to a unit of UK-based energy major Shell upon delivery. The state-run shipping group has signed up…

  • Bauxite booms as aluminium output triples since 2000

    Bauxite booms as aluminium output triples since 2000 Global aluminium production has nearly tripled since the turn of the millennium, and the ripple effects are being felt most clearly in the dry bulk market, where seaborne bauxite trade hit a fresh record last year. Analysis by Ursa Shipbrokers, drawing on data from the International Aluminium…

  • Panama court torpedoes CK Hutchison terminals deal

    Panama court torpedoes CK Hutchison terminals deal Panama’s Supreme Court has thrown CK Hutchison’s flagship Panama Ports Company (PPC) concession into limbo, ruling the Hong Kong group’s contract to operate terminals at either end of the Panama Canal unconstitutional. In a brief statement late Thursday, the court struck down the 25‑year extension granted to PPC…

  • Rex lines up jackup rig offshore Oman

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

  • PSA and MOL step up Singapore car carrier push

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

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

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

  • Signal Ocean snaps up AXSMarine

    Signal Ocean snaps up AXSMarine Signal Ocean has made a move to tighten its grip on shipping data and software, announcing the acquisition of French-based SaaS specialist AXSMarine. The deal brings together two well-known names in freight, market and commodities tracking, and underlines Signal Ocean’s plan to speed up product development and deepen its role…

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

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

  • MSC returns to mid-sized newbuilds

    MSC returns to mid-sized newbuilds Mediterranean Shipping Co (MSC) is moving back into the mid-sized containership segment with a fresh newbuilding order at China’s Yangzhou Guoyu Shipyard. Market sources say the world’s largest containerline has signed firm contracts for at least two conventionally fuelled 5,000 teu vessels, with some brokers suggesting the deal could already…

  • Evergreen lines up 23 newbuilds worth up to $1.5bn

    Evergreen lines up 23 newbuilds worth up to $1.5bn Taiwanese liner Evergreen is piling on fresh tonnage with orders for 23 new container ships worth up to $1.47bn, continuing its multi-year fleet expansion drive. The latest newbuilding programme covers a mix of feeder and mid-size vessels and will be split between Chinese yards CSSC Huangpu…

  • Apontes propel Switzerland higher up the shipowning ranks

    Apontes propel Switzerland higher up the shipowning ranks Veson Nautical has published its annual rankings of the top 10 shipowning nations with landlocked Switzerland noticeably climbing the ranks.  Switzerland entered the top 10 list last year, in ninth spot, largely down to the Aponte family’s Mediterranean Shipping Co (MSC), the world’s largest containerline and a…

  • Stena Bulk takes control of GSB tanker venture

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

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

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

  • Meriaura books new deck carrier in China

    Meriaura books new deck carrier in China Finnish shortsea specialist Meriaura has moved ahead with its fleet renewal, signing a shipbuilding contract for a new open deck carrier at Jiangsu Zhenjiang Shipyard in China. The 6,800 dwt vessel is due for delivery in early 2028 and will measure 120 m in length and be built…

  • Nortrans seals Equinor flotel extension

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

  • Wan Hai tightens grip on Japan routes with Osaka terminal investment

    Wan Hai tightens grip on Japan routes with Osaka terminal investment Taiwanese containerline Wan Hai Lines is moving deeper into Japanese port infrastructure with the acquisition of Terminal C9 at Osaka Port, spending about $87m to strengthen its core intra-Asia network. The Taipei-headquartered carrier said in a Taiwan Stock Exchange filing that its board approved…

  • Golden Energy cashes in with second PSV sale

    Golden Energy cashes in with second PSV sale Golden Energy Offshore Services has pushed through another platform supply vessel sale, continuing a clear effort to strengthen its balance sheet. The Norwegian owner said its subsidiary has struck a deal to sell the PSV Energy Partner for $27.25m, with completion expected in mid-February. The transaction is…

  • Atlantica Shipping re-enters dry bulk

    Atlantica Shipping re-enters dry bulk Atlantica Shipping has marked its return to the dry bulk sector with the delivery of a kamsarmax bulker, ending a brief period as an offshore-only outfit. The Oslo-based company has taken delivery of the 2011-built kamsarmax Atlantica Star, which recently joined the fleet. The vessel will be placed under technical…

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

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

  • US sanctions another nine vessels linked to Iran

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

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

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

  • JHI Steamship widens tanker bet with HD Hyundai suezmaxes

    JHI Steamship widens tanker bet with HD Hyundai suezmaxes Greek shipowner JHI Steamship has stepped up its tanker expansion with an order for two suezmax newbuildings at HD Hyundai Samho Heavy Industries in South Korea. The 157,000 dwt crude carriers are scheduled for delivery between the fourth quarter of 2028 and the second quarter of…

  • TMS Cardiff Gas expands LNG orderbook with Chinese deal

    TMS Cardiff Gas expands LNG orderbook with Chinese deal Greek shipowner TMS Cardiff Gas has added fresh LNG carrier tonnage to its orderbook, with an agreement for up to six newbuildings at Hudong-Zhonghua Shipbuilding in China. The George Economou-led company is understood to have signed up for four firm 174,000 cbm LNG carriers, with options…

  • Frontline fixes seven VLCCs at near-$77,000 a day

    Frontline fixes seven VLCCs at near-$77,000 a day Frontline has locked in one-year time charters for seven of its VLCCs at rates not seen in decades, underlining just how hot the crude tanker market has become. The New York- and Oslo-listed owner said the charters will run for 12 months, starting between late January and…

  • d’Amico doubles down on MR orders

    d’Amico doubles down on MR orders Italian product tanker owner d’Amico International Shipping has added two MR2 product tankers to its orderbook, pressing ahead with a fleet renewal drive built around fuel efficiency and future fuels. The Milan-listed owner said its operating arm, d’Amico Tankers, has signed a shipbuilding contract with China’s Jiangsu New Yangzi…

  • French navy boards false-flagged Russian aframax

    French navy boards false-flagged Russian aframax French naval forces boarded and diverted the aframax tanker Grinch in the western Mediterranean yesterday after president Emmanuel Macron ordered an interception of what he described as a “false‑flagged” sanctioned vessel carrying Russian crude. In a post on X, Macron stated the operation was conducted on the high seas…

  • Nearly 300 tankers flying false flags

    Nearly 300 tankers flying false flags Nearly 300 tankers are flying false flags according to data from Israeli maritime analysts firm Windward despite an increasing crackdown on the practice in recent weeks.  As 2025 drew to a close, approximately 285 internationally trading tankers were broadcasting via AIS under the flag of a fraudulent or unknown…

  • Two dead, four missing after bulker sinks in South China Sea

    Two dead, four missing after bulker sinks in South China Sea Search and rescue operations are continuing in the South China Sea after the Singapore-registered bulk carrier Devon Bay capsized and sank while en route to China. The Maritime and Port Authority of Singapore (MPA) said it was informed on January 23 that the 2013-built…

  • Early dark fleet leader quits shipping

    Early dark fleet leader quits shipping Radiating World Services, one of the more recognisable names linked to the so-called dark fleet, has exited VesselsValue’s fleet database.  A vessel most closely associated with the outfit has meanwhile changed hands twice in short order. The ship in question is the 2006-built LR2 tanker Eastern Pearl (115,300 dwt),…

  • Precious sends ultramax newbuilds straight back on hire with Jaldhi

    Precious sends ultramax newbuilds straight back on hire with Jaldhi Thailand’s Precious Shipping has moved quickly to line up work for two ultramax bulker newbuilds it has just acquired from Jaldhi Overseas, fixing both vessels straight back to the Singapore-based outfit on long-term, index-linked charters. The Ubon Naree has been fixed for 24–26 months at…

  • When shipping corridors become battlefields

    When shipping corridors become battlefields Wolfgang Lehmacher discusses the so-called weaponised interdependence at sea. Corridors have become battlefields as much as shortcuts. Eternity C (pictured) proved that in July 2025, when Houthi attacks in the southern Red Sea sent the Greek-operated, Liberian-flagged bulk carrier to the bottom, with crew dead, missing, and rescued from the…

  • Inaugural Splash Singapore targets top spot in Asian shipping calendar

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

  • IACS announces next chair

    IACS announces next chair Alex Gregg-Smith, president, marine and offshore at Bureau Veritas, will become the next chair of the International Association of Classification Societies (IACS) from July 1 through to the end of 2027. Gregg-Smith commented, “The maritime industry is at a crucial stage in its technical, digital and environmental evolution. The role of…

  • Alpha Gas inks $500m LNG carrier order at Hanwha Ocean

    Alpha Gas inks $500m LNG carrier order at Hanwha Ocean Greek gas shipowner Alpha Gas has resurfaced in the newbuilding market, placing an order for two LNG carriers at South Korea’s Hanwha Ocean.T The shipbuilder said the contract, secured for its Okpo yard in Geoje, is valued at KRW738.3bn ($503m). Hanwha Ocean did not disclose…

  • ZeroNorth hands CEO role to Andersen as founder Meyer steps aside

    ZeroNorth hands CEO role to Andersen as founder Meyer steps aside Maritime digital optimisation firm ZeroNorth is changing leadership as it moves into its next phase of growth, appointing Soren Andersen as chief executive. Andersen will take over from founder CEO Soren Meyer, who is stepping down after leading the Danish company from start-up to…

  • Danaos steps into LNG with Alaska project tie-up

    Danaos steps into LNG with Alaska project tie-up Greek owner Danaos is widening its reach beyond boxships and bulkers after striking a strategic partnership with US energy infrastructure player Glenfarne Group on the Alaska LNG project. The Nasdaq-listed company said it will invest $50m in development capital through Glenfarne Alaska Partners, while also lining up…

  • Okeanis Eco Tankers lines up fresh suezmax resales

    Okeanis Eco Tankers lines up fresh suezmax resales Greek tanker owner Okeanis Eco Tankers is looking to further expand its suezmax fleet, unveiling plans to acquire two newbuilding resales in South Korea alongside a proposed equity offering. The New York- and Oslo-listed company, controlled by the Alafouzos family, said it has signed a deal to…

  • Western Bulk launches lumber and project cargo unit in Bergen

    Western Bulk launches lumber and project cargo unit in Bergen Norwegian dry bulk operator Western Bulk has created a new lumber and projects team based in Bergen. The company said that it marked an important step in the expansion of its commercial platform and the focus on developing strong niche capabilities alongside its core bulk…

  • James Fisher buys stake in US autonomous vessel specialist

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

  • AD Ports buys into Spanish shipbuilding with Astilleros Balenciaga takeover

    AD Ports buys into Spanish shipbuilding with Astilleros Balenciaga takeover AD Ports Group has moved deeper into European shipbuilding after snapping up Spain’s Astilleros Balenciaga shipyard, strengthening its push into offshore wind support vessels. The Abu Dhabi-listed group said its drydocks arm Safeen Drydocks, part of Noatum Maritime, has acquired 100% of the Basque-based yard…

  • Performance locks in long-term aframax cover

    Performance locks in long-term aframax cover Performance Shipping has secured long-term cover for one of its aframax tankers, fixing the P Monterey on a three-year time charter. The Nasdaq-listed Greek owner said it has entered into the contract with PBF Holding, a subsidiary of US refiner PBF Energy. The deal will see the 2011-built 105,525…

  • Greenland control and tariffs threaten to destabilise transatlantic shipping

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

  • CMA CGM signals caution by rerouting services away from Suez Canal

    CMA CGM signals caution by rerouting services away from Suez Canal CMA CGM, the world’s third-largest liner, has provided a counter-narrative to the many analysts expecting liners to flock back to the Suez Canal following the Houthis’ three-month-long ceasefire on merchant shipping.  Citing the “complex and uncertain international context”, the French liner today announced that…

  • Modec taps DOF for FPSO mooring gig off Guyana

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

  • Sinokor to top VLCC operator charts following stunning S&P raid

    Sinokor to top VLCC operator charts following stunning S&P raid Sinokor’s stunning raid in the tanker sale and purchase markets over the past six weeks is on course to make the Korean shipowner the largest operator of VLCCs in the world.  Brokers are agog at Sinokor’s market-altering decision to largely exit the container scene, selling…

  • Eastern Pacific adds LNG muscle with Jiangnan newbuild pair

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

  • Diana ups pressure on Genco with full board challenge

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

  • ESL plugs bulker capacity gap with secondhand buy ahead of newbuild arrivals

    ESL plugs bulker capacity gap with secondhand buy ahead of newbuild arrivals ESL Shipping has moved to shore up its fleet, picking up a secondhand bulker to keep capacity steady while it waits for newbuildings to arrive. The Baltic dry bulk specialist, part of Finnish conglomerate Aspo, has acquired a geared ice-class 1A 16,600 DWT…

  • Nordic American Tankers firms up Korean yard choice with Daehan deal

    Nordic American Tankers firms up Korean yard choice with Daehan deal Nordic American Tankers has firmed up its move into new steel, signing contracts for two suezmax newbuildings in South Korea as the New York-listed owner continues to reshape its fleet. The Herbjørn Hansson-led company said the previously announced preliminary agreements have now been converted…

  • Zero-emission bulker bound for Norwegian coastal trade

    Zero-emission bulker bound for Norwegian coastal trade Norwegian coastal owner K. Sætre Rederi has ordered a new all-electric dry cargo vessel, doubling down on zero-emission operations along the Norwegian coast. The 70-m ship has been contracted at Dutch yard Royal Bodewes, with delivery scheduled for March 2028. At the same time, Sætre has secured a…

  • Splash Wrap: Global seaborne trading map redrawn

    Splash Wrap: Global seaborne trading map redrawn The US said it will target ‘dozens’ of Venezuela‑linked tankers in a serious shadow fleet squeeze. Thursday saw a sixth tanker apprehended by US forces, while Vitol and Trafigura became the first international companies to start shipping oil out of Venezuela since the January 3 ousting of Nicolas…

  • US forces seize sixth tanker linked to Venezuelan trades

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

  • What Maersk’s return to the Red Sea means for carrier profits in 2026

    What Maersk’s return to the Red Sea means for carrier profits in 2026 News yesterday that Danish carrier Maersk is taking its first structural step back into the Red Sea has analysts voicing caution that this could mark the start of big shift from the Cape of Good Hope through the Suez with a significant…

  • Turkey’s Aygaz makes VLGC debut in $119m South Korea deal

    Turkey’s Aygaz makes VLGC debut in $119m South Korea deal Turkey’s Aygaz is making its first move into the very large gas carrier space, signing a $119m newbuilding contract with South Korea’s HD Hyundai Samho. The Istanbul-based LPG distributor said in a stock exchange filing that the yard will build a VLGC for delivery in…

  • Damage reported following Russian strike on Chornomorsk

    Damage reported following Russian strike on Chornomorsk Russian forces have conducted a ballistic missile strike on the port of Chornomorsk in Ukraine, impacting a Malta-flagged vessel preparing to load containers. The strike has left at least one crewmember injured and caused damage to the unidentified vessel. Ukrainian authorities have reported that yesterday’s strike not only…

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

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

  • Fredriksen goes back to Hengli for two more VLCCs

    Fredriksen goes back to Hengli for two more VLCCs John Fredriksen has returned once again to China’s Hengli Shipbuilding, adding more VLCC tonnage as the shipping tycoon keeps pressing ahead with fleet renewal. Fredriksen’s private investment arm, Seatankers Management, has contracted two 306,000 dwt crude carriers at the Dalian-based yard. Chinese-listed ST Songfa confirmed that…

  • Maersk heads back to the Red Sea

    Maersk heads back to the Red Sea Danish carrier Maersk, the world’s second largest liner, has taken its first structural step back into the Red Sea, deciding to reroute its MECL service, connecting the Middle East and India with the US east coast, through the Suez Canal after months of Cape of Good Hope diversions.…

  • Geneva Dry continues to add leading commodity and shipping speakers

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

  • Bulkers ride China’s bauxite surge

    Bulkers ride China’s bauxite surge China has set yet another record for bauxite imports, cementing the aluminium raw material as one of the strongest dry bulk growth stories of recent years and a rare source of support for large bulk carrier demand. Bauxite discharges into Chinese ports reached about 213m tonnes in 2025, up 25%…

  • SRC Group: Containerised energy modules to the fore

    SRC Group: Containerised energy modules to the fore Containerised energy modules could be a common sight onboard the global merchant fleet of the future, says a leading name in retrofitting in this week’s big Maritime CEO interview. According to Hannes Lilp, CEO of the repair and retrofit company SRC Group, the interest in alternative fuels…

  • Asyad Shipping steps up VLCC expansion with fresh Hanwha Ocean order

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  • Akastor unit DDW Offshore offloads AHTS

    Akastor unit DDW Offshore offloads AHTS Akastor-backed DDW Offshore has completed the sale of its anchor handler Skandi Atlantic, closing a deal worth $22.75m as the Norwegian owner continues to streamline its offshore fleet. The Oslo-listed oil-services investment group said the transaction was finalised today following charterer consent, which was a condition for completion. Proceeds…

  • Nordic Hamburg orders up to five MPPs in China

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

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  • Diana Shipping scores second fixture of the year with Bunge deal

    Diana Shipping scores second fixture of the year with Bunge deal Greek bulker owner Diana Shipping has secured a new charter deal for its ultramax bulker DSI Altair, fixing the vessel to commodities group Bunge. The New York-listed company said the contract was agreed at $14,750 per day, less a 5% commission, for a period…