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Category: Europe

  • 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…

  • Nicolas Saverys in second attempt to take Exmar private

    Nicolas Saverys in second attempt to take Exmar private Belgian shipowner Nicolas Saverys is planning to launch another voluntary and conditional public takeover bid for all shares in gas shipowner and infrastructure provider Exmar. Saverys’ investment vehicle Saverex would offer €11.5 in cash for each share it does not already own, a premium of 38.6%…

  • 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…

  • Trading house STX Group buys Marine Olie for biofuels business growth

    Trading house STX Group buys Marine Olie for biofuels business growth Dutch environmental commodity trader STX Group has acquired compatriot trader of waste-based advanced feedstocks Marine Olie for an undisclosed sum. The Amsterdam-based firm said the move would bolster its position in the biofuels value chain and support the company’s aim of becoming a globally…

  • Shipping heavyweights invest in UK decarbonisation firm

    Shipping heavyweights invest in UK decarbonisation firm US-based shipbroker and consulting group McQuilling Partners has joined the growing list of marine industry heavy hitters backing the UK-listed green decarbonisation pioneer SulNOx. McQuilling is investing in a new funding round led by SulNOx’s largest shareholder Constantine Logothetis and Norway’s shipowner Nistad Group after the UK firm’s…

  • Petrofac extends charter for DDW Offshore AHTS

    Petrofac extends charter for DDW Offshore AHTS Norway’s DDW Offshore, a subsidiary of Akastor, has been awarded a six-month extension for an anchor handling tug supply (AHTS) vessel from Petrofac. The extension will keep the contract term for the AHTS Skandi Emerald employed to July 14, 2025. Initially, the contract was awarded to the Skandi…

  • DryDel enters cape segment with double order at Namura

    DryDel enters cape segment with double order at Namura Greek bulker player DryDel Shipping is moving into the capsize sector through a newbuilding deal in Japan. The Costas Dellaportas-led company has ordered a pair of scrubber-fitted 182,000 dwt vessels at Namura Shipbuilding with delivery set for 2028. Financial details were not given, but DryDel said…

  • Castor takes a loss on boxship sale

    Castor takes a loss on boxship sale Cyprus-based shipowner Castor Maritime will sell one of its three containerships, taking a loss of about $3.3m. The Petros Panagiotidis-led company has struck a $16.5m deal with an unaffiliated third party for the 2005-built 2,700 teu Ariana A. The company picked up the German-built boxship, estimated by VesselsValue…

  • Shearwater secures more work off India

    Shearwater secures more work off India Norway’s Shearwater Geoservices has continued to win work offshore India with a new contract for a large-scale 2D seismic survey The Bergen-based seismic vessel major has secured about five months of utilisation for its 2010-built SW Thuridur on the continental shelf margin off the west coast of India. The…

  • Höegh Autoliners clinches another contract extension

    Höegh Autoliners clinches another contract extension Norway’s Höegh Autoliners has secured a new shipping contract with a major unnamed international carmaker. The Oslo-listed outfit said the arrangement worth more than $100m is an extension of an existing deal, which has been updated to reflect the current market. The deal will see the operator of about…

  • MSC completes Hamburg port investment

    MSC completes Hamburg port investment Mediterranean Shipping Co (MSC), the world’s largest container line, has completed its buy-in into the port of Hamburg, radically changing the container port landscape in northern Europe in the process.  MSC now controls 49.9% in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), with the city of Hamburg holding a 50.1% stake…

  • Trøim’s VLCC investment vehicle goes public

    Trøim’s VLCC investment vehicle goes public Tor Olav Trøim’s new supertanker venture has listed its shares for trading on Euronext Growth Oslo. The company called Bruton is sponsored by Trøim’s Magni Partners and currently has two 299,500 dwt VLCCs under construction at New Times Shipyard in China, via subsidiary Andes Tankers, scheduled for delivery in…

  • Hapag-Lloyd fixes methanol supplies out of China

    Hapag-Lloyd fixes methanol supplies out of China German liner Hapag-Lloyd has reached an agreement with Beijing-headquartered Goldwind for the delivery of 250,000 tonnes of green methanol per year. The green methanol will consist of a blend of bio- and e-methanol, ensuring greenhouse gas (GHG) emissions reduction of at least 70%, according to Hapag-Lloyd.  “As part…

  • Geneva Dry Dialogues: Heidelberg Materials Trading

    Geneva Dry Dialogues: Heidelberg Materials Trading The dry bulk fleet is rapidly ageing and new orders will be vital next year, even if yards are overflowing with contracts for other types of ships. That’s the view of Willem Vermaat, shipping director at cement giant Heidelberg Materials Trading, who will be joining the minor bulks session…

  • Belships owner eyes selling up

    Belships owner eyes selling up Kontrari and Kontrazi, investment vehicles controlled by Frode Teigen, the largest shareholder of Belships, have revealed they are looking at selling their position in the Norwegian dry bulk owner. Teigen has hired Fearnley Securities to evaluate “potential strategic alternatives”, according to a release.  Teigen owns 53.9% of the shares in…

  • Avance Gas says goodbye as Exmar swoops for last four newbuilds

    Avance Gas says goodbye as Exmar swoops for last four newbuilds John Fredriksen-controlled Avance Gas is to be wound up as it sells its last four ships under construction to Exmar.  Avance Gas had sold the majority of its fleet to BW Group earlier this year. It has now found a buyer for four mid-sized…

  • Rivals scramble to keep pace with MSC

    Rivals scramble to keep pace with MSC The unmatched scale and growth ambitions of Mediterranean Shipping Co (MSC) is forcing competitors to scramble for tonnage.  Alpahliner is reporting that MSC has now surpassed 400 secondhand ship purchases since it embarked on a historical buying spree amid the covid pandemic in August 2020. Alphaliner tallies 402…

  • Freight Investor Services appoints new CEO

    Freight Investor Services appoints new CEO Freight Investor Services (FIS), a London-based freight and commodity brokerage, has appointed George Dranganoudis as its new CEO. John Banaszkiewicz will continue in his role as chairman. With over 30 years of experience in the financial services industry, Dranganoudis most recently served as deputy CEO at TP ICAP. Banaszkiewicz,…

  • IWS Fleet and Asso.subsea terminate CSOV charter deal

    IWS Fleet and Asso.subsea terminate CSOV charter deal Oslo-listed Integrated Wind Solutions (IWS) has seen its subsidiary IWS Fleet terminate a charter deal with Greece-based offshore contractor Asso.subsea for one of its commissioning service operation vessels (CSOVs). The Awilco-backed outfit, which owns close to 75% of IWF Fleet, said in its quarterly earnings report that…

  • Meta taps into Norden’s biofuel offering 

    Meta taps into Norden’s biofuel offering  Danish shipping giant Norden has sealed a deal with Mark Zuckerberg’s Meta for the use of sustainable fuels in its maritime supply chains. The owner of Facebook, which has set a goal of reaching net-zero emissions across its value chain in 2030, has signed up for the so-called Book…

  • EuroDry signs for ultramax newbuilds

    EuroDry signs for ultramax newbuilds Nasdaq-listed Greek dry bulk owner EuroDry has turned to a Chinese shipyard to expand and modernise its fleet. The Aristides Pittas-led company has contracted two ultramax newbuilds at Nantong Xiangyu Shipbuilding for delivery in the second and third quarters of 2027. EuroDry is paying $71.8m for both 63,500 dwt ships,…

  • Solstad Offshore rakes in $60m worth of new deals

    Solstad Offshore rakes in $60m worth of new deals Norwegian vessel owner Solstad Offshore has won a total of 900 days of work in multiple new contracts and contract extensions worth $60m. The company’s 2008-built CSV Normand Valiant has been awarded a 1.5-year firm contract with Petrobras in Brazil. The start of the contract is…

  • Solstad clinches subsea construction vessel deal

    Solstad clinches subsea construction vessel deal Norwegian vessel owner Solstad Offshore has revealed a new contract with an undisclosed client for the subsea construction vessel Normand Maximus. The contract has a firm term of one year that will keep the 2016-built unit fully committed to December 2026. The Normand Maximus is the largest ship in…

  • Wallenius Wilhelmsen snaps up chartered-in car carrier

    Wallenius Wilhelmsen snaps up chartered-in car carrier Norwegian car carrier operator Wallenius Wilhelmsen has acquired another Japanese chartered-in vessel. The Oslo-listed company said it has taken the 6,500 ceu 2009 Imabari-built Morning Celine following the completion of a long-term charter. Records show the vessel had been on charter with the group’s 80%-owned subsidiary Eukor from…

  • IMS pockets tidy profit from sale of vintage MR tanker

    IMS pockets tidy profit from sale of vintage MR tanker Tanker sales have been thin on the ground this month. One sale stands out in Greece, sealed in the popular MR segment. Greek tanker owner IMS has sold its second tanker in a row, almost doubling its money by selling the 2004-built, 47,000 dwt Bruno…

  • Rem Offshore and DeepOcean land Equinor contract for IMR newbuild

    Rem Offshore and DeepOcean land Equinor contract for IMR newbuild Norwegian offshore vessel player Rem Offshore has sealed a charter deal with subsea services provider DeepOcean, backed by the largest contract to date for both companies with compatriot energy major Equinor. The ‘record-breaking’ eight-year firm deal will see a methanol dual-fuel and battery hybrid inspection,…

  • TGS wins 3D streamer work in India for ONGC

    TGS wins 3D streamer work in India for ONGC Oslo-listed seismic data specialist TGS has won a 3D streamer contract for ONGC in the Mahanadi basin on the East Coast of India. The Ramform Sovereign is scheduled to mobilize for the survey in January 2025 and the contract, which was described as ‘significant’, has a…

  • Geneva Dry Dialogues: Nova Marine Carriers

    Geneva Dry Dialogues: Nova Marine Carriers Minor bulks are the most exciting segment in dry bulk, according to Vincenzo Romeo, CEO of Nova Marine Carriers, something that is just as well as the Italian is set to take the stage next April in Geneva Dry’s minor bulks session. “There are more origins and destinations in…

  • Monte Nero adds to product tanker orderbook in China

    Monte Nero adds to product tanker orderbook in China Athens-based owner Monte Nero Maritime has been linked to an order for up to four MR2 product tanker newbuilds at Chinese repair and retrofit yard COSCO Shipping Heavy Industries (Guangdong).  Brokers in Greece have placed two firm 50,000 dwt newbuilds at $44m, with deliveries set for…

  • Geneva Dry Dialogues: Precious Shipping

    Geneva Dry Dialogues: Precious Shipping Making predictions in shipping is akin to chewing glass, Khalid Hashim, managing director of Thailand’s largest dry bulk owner, Precious Shipping. “Only the insane would do that,” he says, stressing: “Predictions in shipping are always wrong.” Nevertheless, when pressed to give his take on where the dry bulk markets will…

  • Asia and Europe on divergent coal paths

    Asia and Europe on divergent coal paths Global seaborne coal trades are being cleaved apart, with Asian economies taking more and more volumes while the West pulls back from the commodity.  According to data from AXS Marine, the volume of steam coal cargoes discharged at mainland Chinese ports in October reached 34.25m tonnes, up 15.8%…

  • Bourbon to support exploration drilling off Namibia

    Bourbon to support exploration drilling off Namibia French offshore vessel player Bourbon has been awarded a new fully integrated logistics contract by an oil and gas major to support its exploration campaign and the drilling of its first well off southern Namibia. The contract’s scope covers international shipment and customs clearance of the equipment required…

  • Belships adds to ultramax orderbook

    Belships adds to ultramax orderbook Norwegian bulker owner Belships has expanded its newbuilding campaign with one more ultramax. The Oslo-listed company revealed in its quarterly earnings results the 64,000 dwt newbuild would join the fleet in 2027 and be named Belcargo. The Lars Christian Skarsgård-led outfit added the unit would be financed on a similar…

  • Sedna buys email management specialist Nordic IT

    Sedna buys email management specialist Nordic IT UK-based technology firm Sedna, whose platform helps maritime companies streamline communication, has acquired Copenhagen-headquartered email management specialist Nordic IT. Sedna said the move reinforces email’s position as the primary protocol in maritime while advancing the company’s delivery of AI-powered, connected solutions for the industry. “By bringing Nordic IT…

  • TechnipFMC, Saipem score huge deals for work on TotalEnergies Suriname field

    TechnipFMC, Saipem score huge deals for work on TotalEnergies Suriname field French energy major TotalEnergies has awarded TechnipFMC and Saipem billions in contracts for its GranMorgu project in Block 58 offshore Suriname. TechnipFMC’s contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors, and topside control equipment. The company will also supply umbilicals,…

  • OEG Renewables seals five-year bareboat deal for CTV newbuild

    OEG Renewables seals five-year bareboat deal for CTV newbuild OEG Renewables, part of Aberdeen-based offshore contractor OEG Energy, has moved to further bolster its offshore wind support fleet with a crew transfer vessel newbuild from Diverse Marine. The company has struck a deal with the shipbuilder on the Isle of Wight to bareboat charter a…

  • Glomar secures multi-year vessel contract from TenneT

    Glomar secures multi-year vessel contract from TenneT Dutch offshore support vessel player Glomar has revealed a multi-year vessel framework contract with Dutch-German transmission system operator TenneT. The deal covers the provision of fully equipped emergency response and rescue vessels (ERRVs) and safety standby vessels (SSVs) in the German sector of the North Sea. “This collaboration…

  • Kpler expands with Spire Maritime acquisition

    Kpler expands with Spire Maritime acquisition Maritime data provider Kpler has acquired satellite-powered, global vessel tracking data firm Spire Maritime. By integrating Spire Maritime’s technology and AIS feed, Kpler wants to expand its data reach, offering comprehensive visibility across open oceans. Kpler said that the transaction was expected to close by the first quarter of…

  • Bassadone’s HTM boosts tanker newbuild tally

    Bassadone’s HTM boosts tanker newbuild tally Hercules Tanker Management (HTM) has moved to further bolster and renew its fleet with up to 10 new vessels. The John Bassadone-led outfit has returned to Jiangmen Hangtong Shipyard in China for six firm and four optional 7,700 dwt IMO II chemical tanker newbuilds after contracting four ‘ultra-spec’ sister…

  • DOF wins IMR vessel deal in APAC region

    DOF wins IMR vessel deal in APAC region Norwegian offshore vessel owner DOF has won a contract award for an IMR vessel and associated subsea services in the Asia-Pacific region. The contract will utilise one of DOF’s project vessels in the region and includes project management, engineering, logistics support, and all related subsea activities. The…

  • Shipyards advance designs as CO2 shipping gains oxygen

    Shipyards advance designs as CO2 shipping gains oxygen A purple-hulled vessel, sporting a rotor sail, has been criss-crossing the Yellow Sea in recent weeks carrying out landmark sea trials.  The Northern Pioneer is the first is a series of four 7,500 cu m liquefied carbon dioxide (LCO2) carriers ordered at Dalian Shipbuilding Industry Co (DSIC)…

  • Flex LNG to seek new play for redelivering vessel as charterer opts out

    Flex LNG to seek new play for redelivering vessel as charterer opts out Flex LNG will have one of its ships open for hire late in the first quarter of 2025 after its current charterer decided not to use the option to extend the charter. The Oslo- and New York-listed company said in its quarterly…

  • Euroseas scores extensions for feeder boxship duo

    Euroseas scores extensions for feeder boxship duo Nasdaq-listed Greek boxship owner Euroseas has won new time charter contracts for two of its feeder containerships. The company said that the two extensions were awarded to the 2001-built, 2,556 teu feeder containerships EM Corfu and Evridiki G. The EM Corfu has been fixed for a minimum period of…

  • Diana Shipping charters out ultramax to Stone Shipping

    Diana Shipping charters out ultramax to Stone Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its ultramax vessels. Stone Shipping hired the 2018-built, 60,362 dwt bulker DSI Pyxis. The gross charter rate is $13,100 per day, minus a 5% commission paid to third…

  • Al Seer Marine and Damen JV targets commercial shipbuilding

    Al Seer Marine and Damen JV targets commercial shipbuilding A joint venture between Abu Dhabi’s Al Seer Marine and Damen International is expanding its operations into the commercial shipbuilding market. The ADX-listed subsidiary of the International Holding Company (IHC) and the company, which is part of the well-known Dutch shipbuilder and the Damen family, said…

  • New Scandinavian dry bulk player launched

    New Scandinavian dry bulk player launched Denmark’s Baltic Shipping and Risør Shipping of Norway have joined forces to launch a new dry bulk shipping player. Baltic Bulk has been officially introduced this week as a new dry cargo operator, freight trader and commercial manager specialising in the handysize and supramax market, but, how the company…

  • Borr Drilling scores extensions for jackup trio

    Borr Drilling scores extensions for jackup trio Offshore jackup rig player Borr Drilling has secured further work for three of its units in a 24-strong fleet. The New York- and Oslo-listed company has bagged an extension for the 2013-built rig Mist from Valeura Energy offshore Thailand and is now fixed until August 2026. Additionally, the…

  • Vårgrønn seals German offshore wind entry

    Vårgrønn seals German offshore wind entry Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision has acquired a 27.4% stake in the operational 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund. The wind farm sits in the German Baltic Sea, 32 km north of the Island of Rügen, and started operation in…

  • Stainless Tankers readies double sale

    Stainless Tankers readies double sale Stainless Tankers of Norway has moved to offload two of its nine vessels. The Oslo-listed outfit backed by UK-based Tufton Investment Management is selling the 2005-built J19 stainless steel units Monax and Marmotas – the oldest in its fleet. Both ships, currently estimated by VesselsValue at about $33.7m in total,…

  • Seaway 7 wins cabling work on East Anglia Two offshore wind farm

    Seaway 7 wins cabling work on East Anglia Two offshore wind farm Seaway 7, the renewables unit of Oslo-listed Subsea 7, has won a contract from ScottishPower Renewables for the transport and installation of the inter-array cables of the East Anglia Two offshore wind project. ScottishPower Renewables’ £4bn ($5.16bn) East Anglia Two offshore wind farm…

  • Höegh Evi moves to develop French hydrogen import terminal

    Höegh Evi moves to develop French hydrogen import terminal Norway’s Höegh Evi, formerly known as Höegh LNG, has signed a memorandum of understanding with the port of Port-La Nouvelle to develop a floating hydrogen import terminal targeting up to 210,000 tonnes of volumes annually from producers in the Middle East, North Africa and the Americas…

  • MPC Capital and O.S. Energy to build next-gen OSV fleet

    MPC Capital and O.S. Energy to build next-gen OSV fleet Hamburg-based asset and investment manager MPC Capital and offshore service provider O.S. Energy have teamed up to build a fleet of next-generation offshore service vessels. These purpose-built offshore survey and service vessels (OSSV) will be used primarily in the offshore wind industry in the North…

  • Intership Navigation and Interorient Shipmanagement join forces

    Intership Navigation and Interorient Shipmanagement join forces Cyprus-based Intership Navigation and Interorient Shipmanagement have merged their shipmanagement activities into InterMaritime Shipmanagement. The newly formed company, which will include Intership’s sister company Donnelly Tanker Management, will manage a fleet of over 170 vessels including tankers of all types, LPG carriers, bulkers, containers, multipurpose ships and other…

  • Cadeler seals UK offshore wind deal

    Cadeler seals UK offshore wind deal Copenhagen-headquartered offshore wind vessels player Cadeler has inked a firm deal with ScottishPower Renewables to transport and install wind turbine generators and foundations for the East Anglia Two project off the coast of the UK. The BW Group and Scorpio-backed owner and operator said the contract is worth between…

  • Baltic Exchange rolls out platform for real-time freight intelligence

    The Baltic Exchange has together with digital platform developer Zuma Labs launched a new product that delivers real-time Baltic Exchange indices and FFA (freight forward agreement) prices to shipping professionals. The new platform called Baltic Exchange View has been designed specifically to meet the needs of brokers, charterers, and shipowners for instant access to critical…

  • Pelagic Partners charters out tanker to International Seaways

    Cyprus-based owner and shipping fund manager Pelagic Partners has sealed a charter deal with US tanker player International Seaways for one of its LR1 vessels. The 2009-built Pelagic Turbot has been fixed long-term to the New York-listed owner and operator following its recent docking. The 73,400 dwt unit is the second ship International Seaways has…

  • TechnipFMC and Prysmian link up on floating offshore wind

    New York-listed subsea player TechnipFMC and Italian cabling giant Prysmian have joined forces to work together on global floating offshore wind projects. A collaboration agreement will see the two companies aim to pioneer a subsea water column solution “from seabed to ocean surface”, joining TechnipFMC’s design and integration capacities with Prysmian’s submarine power cable systems.…

  • Dynacom seals four Samsung suezmax newbuilds

    Greece’s Dynacom Tankers has been tied to a series of suezmax newbuilds at Samsung Heavy Industries. Clarksons reports George Procopiou’s company has signed up for four 158,000 dwt ships at $83m each, with deliveries scheduled throughout 2027. The Athens-based outfit, with nearly 70 tankers under management has a massive orderbook in China, including suezmaxes at…

  • Costamare bulks up with triple purchase 

    Greek owner Costamare has continued its dry bulk fleet renewal, revealing a trio of purchases during the past quarter. The New York-listed company led by Konstantinos Konstantakopoulos has snapped up a pair of ultramaxes from German owner Oldendorff Carriers for an undisclosed price. Brokers have placed the en bloc deal at $50m. The 2014-built Alwine…

  • RWE gets final clearance to build Denmark’s largest offshore wind farm

    The Danish Energy Agency has granted German utility RWE the offshore construction permit for the Thor offshore wind farm, Denmark’s largest to date. RWE now has all permits in place to start offshore construction work in spring 2025. With a planned capacity of more than 1,000MW, Thor will be able to produce enough green electricity…

  • Famous VLCC changes hands for an eighth time

    A tanker with a colourful past has changed hands for the eighth time in its 18-year history and the second time this year. Piraeus-based Cavalli Marine has bought the Chinese-built Yale from Turkey’s Varan Maritime and renamed the vessel Alter Ego. No price has been revealed with online portal VesselsValue suggesting the vintage tanker has…