krogragg

Category: Europe

  • 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…

  • 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…

  • 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…

  • 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…

  • 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

    Nordic Hamburg orders up to five MPPs in China German owner Nordic Hamburg has moved to grow its heavylift fleet, placing an order for three 13,300 dwt multipurpose vessels at China’s Wuhu Shipyard, with options for two more units. The contract, with an undisclosed value, covers a new series of MPP/heavylift ships designed to handle…

  • 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…

  • Polemis tied to suezmax order in China

    Polemis tied to suezmax order in China Adam Polemis’ New Shipping has been tied to fresh Chinese tonnage, extending its suezmax tanker orderbook and newbuilding programme that has gathered pace over the past year. CSSC Beihai Shipbuilding has secured a contract for a 161,800-dwt suezmax crude oil tanker from undisclosed Greek interests. However, Greek broking…

  • Scorpio Tankers sheds 11-year-old LR2

    Scorpio Tankers sheds 11-year-old LR2 Monaco-headquartered product carrier major Scorpio Tankers has sold one of its LR2 tankers. The New York-listed owner said the 2015-built scrubber-fitted LR2 product tanker STI Kingsway for $57.5m to an undisclosed buyer. According to the Emanuele Lauro-led company, the sale is expected to close within the first or second quarter…

  • Nova Marine Carriers JV doubles down on Amsterdam logistics

    Nova Marine Carriers JV doubles down on Amsterdam logistics Italian-Swiss dry bulk group Nova Marine Carriers has tightened its grip on the Port of Amsterdam after completing the acquisition of the Waterland Terminal in a joint venture with Germany’s Aug. Bolten and Spain’s Ership. The deal was executed through Dutch subsidiary Maja Stuwadoors Groep, which…

  • Himalaya Shipping seals fresh index-linked deal

    Himalaya Shipping seals fresh index-linked deal Oslo-listed Himalaya Shipping has fixed one of its newcastlemax vessels on a fresh time charter, locking in improved earnings. The Tor Olav Troim-backed owner said the 2023-built Mount Ita has been chartered for a period of 11 to 14 months. The new contract is due to kick in during…

  • Frontline refreshes VLCC fleet in $2bn overhaul

    Frontline refreshes VLCC fleet in $2bn overhaul John Fredriksen’s tanker giant Frontline is rolling out a $2bn-plus VLCC fleet revamp, selling older tonnage while lining up a slate of latest-generation newbuildings. The New York- and Oslo-listed owner has agreed to sell eight first-generation VLCCs, built between 2015 and 2016, for a total consideration of $831.5m.…

  • Rio Tinto and Glencore reopen talks on mega-merger

    Rio Tinto and Glencore reopen talks on mega-merger Mining heavyweights Rio Tinto and Glencore have confirmed they are back in early-stage talks over a deal that could see Rio Tinto acquire “some or all” of Glencore, a move that would create the world’s largest miner with a combined market value close to $207bn. The companies…

  • Clarksons buys Zuma Labs in FFA tech push

    Clarksons buys Zuma Labs in FFA tech push Clarksons has moved to deepen its technology push, agreeing to acquire Zuma Labs, a specialist provider of trading and data tools for the forward freight agreement (FFA) market. The UK-based shipbroking group said it is buying 100% of the issued share capital of Zuma Labs, which was…

  • Diana locks in higher rate in new Paralos kamsarmax deal

    Diana locks in higher rate in new Paralos kamsarmax deal Diana Shipping has secured follow-on employment for one of its kamsarmax bulkers, fixing the Maia on a direct continuation time charter with Paralos Shipping. The New York-listed Greek owner said the vessel will earn $14,000 per day, less a 5% commission, under a contract running…

  • Solstad adds $15m as Petrobras extends AHTS contract

    Solstad adds $15m as Petrobras extends AHTS contract Solstad Offshore has agreed revised terms with Petrobras for the anchor handling tug supply vessel Normand Turquesa, extending the ship’s current work and pushing back the start of a previously announced long-term charter. The Norwegian offshore owner said the existing contract for the 2007-built AHTS has been…

  • Equinor awards $10bn in contracts for facility maintenance

    Equinor awards $10bn in contracts for facility maintenance Norwegian energy major Equinor has awarded framework agreements to seven supplier companies with a total value of nearly $10bn (NOK 100bn). Equinor awarded twelve new framework agreements for maintenance and modifications on the company’s offshore installations and onshore plants. The agreements commence in the first half of…

  • Aker Solutions to trim over 500 jobs amid slower maket

    Aker Solutions to trim over 500 jobs amid slower maket Aker Solutions is moving to cut costs and adjust capacity after several years of record-high workload, with the Norwegian engineering group expecting activity to ease in 2026 compared with 2025. The company said it will reduce headcount in parts of the business to match the…

  • JR Shipping brings in Seatrade as strategic partner

    JR Shipping brings in Seatrade as strategic partner Dutch owner JR Shipping has brought in reefer specialist Seatrade as a strategic shareholder, marking a new phase for the Harlingen-based owner and manager while keeping its independent course. Under the deal, Seatrade takes a strategic participation in JR Shipping Group and becomes a long-term partner. Founders…

  • Turkish upstart Aqmaris books up to four bulker newbuilds in China

    Turkish upstart Aqmaris books up to four bulker newbuilds in China Turkish newcomer Aqmaris and China’s Wuhu Shipyard have sealed a deal for four ultramax bulk carriers, marking one of the first big newbuild agreements for the Istanbul-based operator. The four 64,500 dwt units will meet IMO Tier III standards and comply with EEDI Phase…

  • Baltic cable probe widens as Latvia finds no link to inspected ship

    Baltic cable probe widens as Latvia finds no link to inspected ship Latvia is pressing ahead with its investigation into the latest subsea cable cutting incident in the region, even after police said they have found no evidence linking a ship inspected in Liepaja to the damage. Latvian authorities said on Monday that an underwater…

  • Transocean scores $168m worth of deals from BP and Equinor

    Transocean scores $168m worth of deals from BP and Equinor Swiss-based offshore drilling giant Transocean has won a new contract and an extension for two of its drilling rigs. In Brazil, the 2011-built drillship Deepwater Mykonos was awarded a contract with giant BP. The rig is currently working for Petrobras. The firm part of the…

  • Scorpio Tankers fixes LR2 tandem on five-year charters

    Scorpio Tankers fixes LR2 tandem on five-year charters Monaco-headquartered product carrier major Scorpio Tankers has secured five-year charters for two of its LR2 product carriers at a rate of $29,000 per day. The New York-listed owner said the 2015-built, 110,000 dwt STI Rose and STI Alexis have been fixed to an undisclosed charterer, with the contract starting…

  • Castor Maritime enters sale and leaseback deal for kamsarmax

    Castor Maritime enters sale and leaseback deal for kamsarmax Cyprus-based owner Castor Maritime has signed a sale and leaseback agreement for a bulk carrier vessel. The company signed the agreement for the 2013-built kamsarmax Magic Perseus bulker with a Japanese counterparty. The transaction is set to be completed in January 2026. The bareboat financing amounts…

  • DOF wins $150m ROV support vessel contract in Brazil

    DOF wins $150m ROV support vessel contract in Brazil Norwegian offshore vessel owner DOF has secured another long-term contract in Brazil, adding a four-year deal with Petrobras for the ROV support vessel Skandi Commander. The Oslo-listed company said the award follows the same competitive tender process that earlier delivered six four-year RSV contracts. The latest…

  • FSL extends product tanker cover with James Fisher

    FSL extends product tanker cover with James Fisher Singapore-listed First Ship Leasing Trust (FSL) has strengthened earnings visibility after agreeing a package of charter extensions with James Fisher Everard, the tanker arm of the James Fisher Group. FSL said it has extended the charters for the product tankers Speciality, Seniority and Superiority, with new periods…

  • DHT trims vintage tonnage with twin VLCC sale

    DHT trims vintage tonnage with twin VLCC sale Supertanker specialist DHT Holdings has struck a deal to sell two of its three oldest VLCCs, continuing a steady refresh of its fleet as asset values remain firm. The New York-listed owner is shipping out the 2007-built DHT China and DHT Europe for a combined price of…

  • Capital Clean Energy Carriers locks in $770m LNG carrier order in South Korea

    Capital Clean Energy Carriers locks in $770m LNG carrier order in South Korea Capital Clean Energy Carriers (CCEC) has moved to further bulk up its LNG fleet, placing an order for three newbuildings at HD Hyundai Samho in South Korea. The Nasdaq-listed owner has secured three berths at the yard, with one vessel due for…

  • d’Amico signs up MR1 newbuild deal in China

    d’Amico signs up MR1 newbuild deal in China Italian product tanker owner d’Amico International Shipping (DIS) has moved to renew its fleet with a fresh newbuilding deal in China, ordering two MR1 units at Guangzhou Shipyard International (GSI). The company said its operating arm, d’Amico Tankers has signed contracts for a pair of 40,000 dwt…

  • Saipem extends drillship charter and $300m purchase option deadline

    Saipem extends drillship charter and $300m purchase option deadline Norway-based Deep Value Driller has won an extension of the bareboat charter for a seventh-generation drillship of the same name from Italian offshore engineering and construction giant Saipem. Saipem has extended the charter of the 2014-built drillship Deep Value Driller, formerly known as Bolette Dolphin, for a firm…

  • Essberger’s newbuild push rolls on with up to six chemical tankers in China

    Essberger’s newbuild push rolls on with up to six chemical tankers in China German chemical tanker owner John T. Essberger is pressing ahead with its fleet renewal programme, signing up to six newbuildings at a another Chinese shipyard. The Hamburg-based group has placed firm orders for two 7,900 dwt duplex stainless steel chemical tankers, with…

  • Monte Nero expands tanker play with LR2 order in China

    Monte Nero expands tanker play with LR2 order in China Greek interests remain active in the newbuilding market, with Monte Nero Maritime securing a pair of LR2 product tanker orders at China’s fast-growing Hengli Shipbuilding. In a regulatory filing over the weekend, Songfa Ceramics, the Shanghai-listed parent of Hengli Shipbuilding, disclosed that the yard has…

  • LLOG awards installation work on US Gulf of Mexico field to Subsea7

    LLOG awards installation work on US Gulf of Mexico field to Subsea7 Offshore engineering and services player Subsea7 has won a deal from US exploration and production company LLOG Exploration for work on the Buckskin South Expansion project. The scope of work includes the transportation and installation of a subsea umbilical and a rigid flowline…

  • DOF lines up new APAC gigs for vessel tandem

    DOF lines up new APAC gigs for vessel tandem Norwegian offshore vessel owner DOF bags two new contracts in the Asia-Pacific region. The first deal is a three-year frame agreement for the provision of subsea inspection, maintenance, and repair services with associated assets in the APAC region. A call-off under the contract has also been…

  • Gulf Marine Services wins European contracts for liftboat pair

    Gulf Marine Services wins European contracts for liftboat pair London-listed liftboat operator Gulf Marine Services (GMS) has won new contracts for two of its vessels. The contracts cover the use of two Large-class vessels in Europe. It spans a total of 985 days and will see the vessels continue to support offshore operations across the…

  • Eidesvik Offshore lands PSV contract with DNO

    Eidesvik Offshore lands PSV contract with DNO Norwegian offshore vessel owner Eidesvik Offshore has secured a contract for one of its platform supply vessels (PSV). The company won a contract with DNO Norge, and its partners Sval Energi and Wellesley Petroleum, for the use of the 2012-built Viking Princess PSV. The deal covers a campaign…

  • Saipem scores another massive deal from QatarEnergy

    Saipem scores another massive deal from QatarEnergy Italian energy services contractor Saipem, in partnership with COOEC, has been awarded an offshore EPCI contract for worth on the North Field worth $4bn by Qatar’s state-owned company QatarEnergy. The contract is for the so-called COMP5 package of the North Field Production Sustainability Offshore Compression Complexes project. The…

  • DOF bags vessel awards across Americas, Africa and North Sea

    DOF bags vessel awards across Americas, Africa and North Sea Norwegian offshore vessel owner DOF has raked in a batch of new vessel contracts and an IMR deal with Shell in Trinidad and Tobago. The contracts will be executed primarily using DOF’s regional fleet during the fourth quarter of 2025 and the first quarter of…

  • Shearwater prepares new seismic campaign in Nigerian waters

    Shearwater prepares new seismic campaign in Nigerian waters Norwegian offshore seismic vessel player Shearwater Geoservices is preparing to send out one of its vessels for a new multi-client seismic project offshore Nigeria. According to the company, the 3D survey is backed by significant industry funding and will be executed in partnership with Harvex Geosolutions and…

  • Zodiac times newcastlemax sale as buyers stay active across sectors

    Zodiac times newcastlemax sale as buyers stay active across sectors Zodiac Maritime has caught the market on the front foot with the sale of a newcastlemax bulker, as secondhand deals continue to surface across multiple shipping segments. Brokers say the Eyal Ofer-controlled owner has sold the Cape Merlin to Chinese buyers for about $23.5m. The…

  • Fredriksen’s SFL cashes in on oldest suezmaxes

    Fredriksen’s SFL cashes in on oldest suezmaxes John Fredriksen-backed SFL Corporation has agreed to sell two of its older suezmax tankers, continuing a selective reshuffle of its tanker portfolio. The US- and Oslo-listed owner said it will dispose of the 2015-built SFL Thelon and SFL Ottawa, both 160,000 dwt vessels currently on charter to Koch…

  • Diana Shipping adds another period fixture to bulker slate

    Diana Shipping adds another period fixture to bulker slate Diana Shipping has lined up forward employment for one of its kamsarmax bulkers, adding to a steady run of period fixtures by the Greek owner. The US-listed company said it has agreed a time charter with Paralos Shipping for the 2010-built Myrsini at $13,500 per day,…

  • Integrated Wind Solutions adds to backlog with CSOV contract extensions

    Integrated Wind Solutions adds to backlog with CSOV contract extensions Integrated Wind Solutions has strengthened its forward orderbook after agreeing a two-year extension to a strategic contract with an existing client, tightening utilisation for its walk-to-work fleet into the next decade. The Oslo-listed company said the deal for its business unit IWS Fleet covers the…

  • Maersk carries out first Red Sea transit in almost two years

    Maersk carries out first Red Sea transit in almost two years In the early morning on December 19, the 2007-built Singapore-flagged boxship Maersk Sebarok completed a transit through the Bab el-Mandeb Strait and into the Red Sea. This marks the first time a Maersk vessel transited the strait in almost two years. The company stated…

  • Kyiv takes drone war to Mediterranean shipping lanes

    Kyiv takes drone war to Mediterranean shipping lanes Ukraine has carried out a long-range drone strike against a tanker linked to Russia’s so-called shadow fleet, marking its first confirmed attack this far from the Black Sea. The target was the Oman-flagged aframax tanker Qendil, which was hit in international waters of the Mediterranean Sea, more…

  • Finnish shipping executive Mikki Koskinen to lead ECSA from 2026

    Finnish shipping executive Mikki Koskinen to lead ECSA from 2026 Finland’s Mikki Koskinen has been named as the new president of the European Community Shipowners’ Associations, effective January 1, 2026. Koskinen has been the managing director of ESL Shipping Oy, part of Aspo Group, since 2013, and is a member of Aspo’s Executive Board. Before…

  • Shipping industry veteran Heinrich Schulte passes away

    Shipping industry veteran Heinrich Schulte passes away Heinrich Schulte, the long-standing chairman of the Schulte Group, has passed away, aged 90. Heinrich Schulte was born in Hamburg, but with family roots in Papenburg and Emden. He joined his father’s shipping company, Bernhard Schulte, in 1963. He expanded the company into a diversified global maritime group.…

  • Norway’s Amon Bulk expands ammonia bulker scheme with three more kamsarmax newbuilds

    Norway’s Amon Bulk expands ammonia bulker scheme with three more kamsarmax newbuilds Norway’s Amon Bulk is pushing ahead with plans to build three ammonia-fuelled kamsarmax bulk carriers after securing NOK 298m ($27m) in investment grants from state energy agency Enova. The ships, each around 80,000–85,000 dwt, are designed to run on ammonia and to deliver…

  • Venergy steps into boxships with feeder newbuild deal in China

    Venergy steps into boxships with feeder newbuild deal in China Greek tanker newcomer Venergy Maritime has moved to diversify its fleet, placing its first order in the containership segment after an active year in tanker newbuildings. The Piraeus-based owner, led by Vyron Vasileiadis, has signed up for up to four 1,900 teu feeder container vessels…

  • Swedish navy flags armed guards aboard Russian shadow tankers

    Swedish navy flags armed guards aboard Russian shadow tankers Sweden’s navy has confirmed that Russia is mounting a military-style operation in the Baltic Sea to protect its sanctioned shadow fleet, with uniformed and potentially armed personnel observed aboard some oil tankers used to evade Western sanctions on Russian crude exports.  According to Sweden’s naval operations…

  • Subsea7 scores Chevron contract off Australia

    Subsea7 scores Chevron contract off Australia Subsea7 has landed a sizeable new contract from Chevron Australia to carry out subsea installation work on the Gorgon stage 3 (GS3) project, offshore Western Australia. The Oslo-listed contractor said the award covers a full subsea scope at around 1,350 m water depth, including project management, engineering, procurement, fabrication,…

  • Scorpio Tankers pivots from older LR2s to newbuilds

    Scorpio Tankers pivots from older LR2s to newbuilds Scorpio Tankers has moved to refresh its LR2 fleet, agreeing to sell two 2016-built vessels while lining up two scrubber-fitted newbuildings in China. The Monaco-headquartered owner and operator said it has struck a deal to sell the LR2 product tankers STI Goal and STI Gallantry for $52.3m…

  • EU and Ukraine tighten the net on Russia’s shadow fleet

    EU and Ukraine tighten the net on Russia’s shadow fleet The European Union and Ukraine have escalated their campaign against Russia’s shadow fleet, rolling out fresh sanctions targeting both vessels and the facilitators accused of keeping Moscow’s oil exports moving despite international restrictions. On Monday, the EU sanctioned five businessmen linked to Russian state-owned oil…

  • SSY buys Grieg Shipbrokers

    SSY buys Grieg Shipbrokers UK shipbroking group SSY has struck a deal to acquire Grieg Shipbrokers, adding one of Scandinavia’s longest-standing brokerage houses to its expanding global platform. The deal is set to take effect in January 2026, subject to customary conditions. Founded in 1884, Grieg Shipbrokers has built a strong position across gas, dry…

  • Navios Partners rolls out new leadership structure

    Navios Partners rolls out new leadership structure Navios Maritime Partners has announced a series of senior leadership changes as the New York-listed diversified owner reshapes its top management structure under chairwoman and chief executive Angeliki Frangou. At the centre of the move is the creation of an office of the chairwoman, designed to bring senior…

  • Black Sea shipping carnage deepens as Turkish vessels hit in Russian retaliation

    Black Sea shipping carnage deepens as Turkish vessels hit in Russian retaliation The risks facing commercial shipping in the Black Sea escalated sharply over the weekend after two Turkish-controlled vessels were struck amid a wave of Russian attacks on Ukrainian port infrastructure, following Kyiv’s recent strikes on Russian-linked shipping and energy assets. On Friday, Cenk…

  • NYK and MOL agree $72m payout in UK car carrier cartel case

    NYK and MOL agree $72m payout in UK car carrier cartel case Two of Japan’s biggest shipping lines — Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) — have agreed to pay £54m ($72.25m) to settle the long-running UK collective action over the car carrier cartel, drawing a line under a saga that stretches…

  • New anti-corruption campaign rolls out across Asian and European hubs

    New anti-corruption campaign rolls out across Asian and European hubs The Maritime Anti-Corruption Network (MACN) has launched a three-year initiative aimed at tightening integrity standards across maritime supply chains in Indonesia, Malaysia and Germany. The programme—“Transparent Trade Routes: Strengthening Integrity in Maritime Supply Chains”—is backed by funding from the Siemens Integrity Initiative. MACN said the…

  • BIMCO rolls out new FuelEU and ETS clauses for ship sale deals

    BIMCO rolls out new FuelEU and ETS clauses for ship sale deals BIMCO has taken another step in helping owners and buyers navigate Europe’s tightening climate regulations by adopting new FuelEU Maritime and EU ETS clauses for inclusion in sale-and-purchase memoranda of agreement (MoAs). The world’s largest shipping association said the clauses are designed to…

  • Hartmann and Heidelberg Materials link up on methanol-powered cement carriers

    Hartmann and Heidelberg Materials link up on methanol-powered cement carriers Germany’s Hartmann Group has teamed up with Heidelberg Materials Northern Europe to develop a new methanol-powered pneumatic cement carrier for high-frequency coastal service in Norway. The project includes an option for a second vessel and marks a major step in decarbonising cement transport along the…

  • Zamil Offshore takes over Remøy Shipping

    Zamil Offshore takes over Remøy Shipping Saudi Arabia’s Zamil Offshore Services Company (ZOSCO) has taken a decisive step into the Norwegian offshore market with the acquisition of Remøy Shipping for an undisclosed sum.T The deal, which also includes Rem Stadt and RS Crewing, secures the future of Remøy Shipping after more than a century under…

  • DeepOcean secures extended IMR deal with Equinor

    DeepOcean secures extended IMR deal with Equinor DeepOcean has strengthened its long-standing ties with Equinor after securing an extension to its subsea inspection, maintenance and repair (IMR) frame agreement. The renewal will keep the ocean services provider busy through 2026 and into 2027, using specialised IMR vessels and a wide suite of subsea capabilities. The…

  • Shell books Northern Ocean rig for Namibia campaign

    Shell books Northern Ocean rig for Namibia campaign Northern Ocean has secured more work for its semisubmersible rig with the signing of a contract with a Shell subsidiary for the Deepsea Mira, which will start drilling offshore Namibia in April 2026. The deal covers one firm exploration well with an option for a second. The…

  • Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter

    Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter Norway’s Knutsen Group has firmed up another LNG newbuild in South Korea, ordering a 174,000 cu m carrier at Hanwha Ocean on the back of a long-term charter deal with Italy’s Edison. The contract will see the vessel deliver and begin its charter…

  • Aegean Bulk returns to newbuilds with kamsarmax quartet in China

    Aegean Bulk returns to newbuilds with kamsarmax quartet in China Greek owner Aegean Bulk has re-entered the newbuilding market after nearly 15 years away, signing a four-ship kamsarmax order at China’s fast-expanding Hengli Shipbuilding. The deal marks the owner’s first newbuilding move since the delivery of its last pair of kamsarmaxes in 2012. The Athens-based…

  • DEME secures multi-scope contract for Polish wind farm

    DEME secures multi-scope contract for Polish wind farm Belgian marine contractor DEME has secured a major role in Poland’s offshore wind expansion after winning three contracts covering foundation and cable installation work for the BC-Wind project in the Baltic Sea. The combined awards are worth €150m–300m, ($175m–$350m). BC-Wind is being developed by Ocean Winds, the…

  • Euroseas banks multi-year cover for boxship trio

    Euroseas banks multi-year cover for boxship trio Greek boxship owner Euroseas has secured three forward charters for its modern 2,800 teu feeder ships, locking in multi-year employment well ahead of schedule. The Nasdaq-listed firm said the 2024-built Leonidas Z, 2023-built Gregos and 2023-built Terataki have all been fixed for 35 to 37 months at a…

  • Mintra moves deeper into Greek maritime market with SQLearn acquisition

    Mintra moves deeper into Greek maritime market with SQLearn acquisition Norway’s Mintra has strengthened its position in maritime e-learning with the acquisition of Greek digital training specialist SQLearn, marking another step in its push to support the sector’s ongoing shift toward digital learning and competency management. Mintra said the deal adds scale and depth to…

  • Klaveness Combination Carriers seals long-term contract of affreightment with Alunorte

    Klaveness Combination Carriers seals long-term contract of affreightment with Alunorte Klaveness Combination Carriers has secured a new long-term contract of affreightment with Brazil’s Alunorte, extending the Norwegian owner’s presence in the alumina supply chain. The 32-month deal, starting in March 2026, will see KCC move caustic soda solution to Alunorte’s refinery. The work will be…

  • Signal Maritime steps into dry bulk with Bluepool deal

    Signal Maritime steps into dry bulk with Bluepool deal Tanker pool manager Signal Maritime Services is moving into the dry bulk market through a strategic investment in Bluepool, a fast-growing operator running panamax and supramax pools. Unveiled in early 2022, Bluepool currently manages 21 vessels and has been expanding its presence in both the panamax…

  • Grieg Connect lands Finnish port management specialist Wellamo Data

    Grieg Connect lands Finnish port management specialist Wellamo Data Norway’s Grieg Connect is widening its Nordic reach with the acquisition of Wellamo Data, a long-established Finnish provider of port-management information systems. The move gives the Bergen-based digital solutions specialist its first foothold in mainland Finland as it pushes to build a unified PMIS offering across…

  • FSB clearance and underwater checks slow Russian port calls

    FSB clearance and underwater checks slow Russian port calls To add to the complications brought about by Ukraine’s renewed maritime attack campaign in and around the Black Sea, shipowners and charterers planning to call at Russian ports should brace for delays and heavy regulatory friction after Moscow introduced sweeping new entry rules for foreign vessels,…

  • Wallenius Wilhelmsen locks in nearly $500m in contract extensions

    Wallenius Wilhelmsen locks in nearly $500m in contract extensions Wallenius Wilhelmsen has extended two major shipping contracts that together carry an estimated added value close to $500m. Chief customer officer Pia Synnerman said the renewals underscore “long and strong standing partnerships with shared commitment towards zero emissions and developing integrated supply chains”. The first agreement,…

  • Containers fall overboard in English Channel

    Containers fall overboard in English Channel Emergency response services were put on alert in the English Channel after 18 containers fell overboard from Seatrade’s reefer containership Baltic Klipper during heavy weather on Saturday. Images of containers and plenty of bananas washing up on English shorelines were carried by UK media across the weekend.  An investigation…

  • Performance Shipping keeps oldest tanker as FPSO conversion bid fails

    Performance Shipping keeps oldest tanker as FPSO conversion bid fails Greek tanker owner Performance Shipping has confirmed that the planned forward sale of its 2009-built aframax P Sophia has fallen through after the vessel was not selected for an offshore conversion project. The company said the buyer, an unnamed third party, informed it that the…

  • FPSO player BW Offshore weighs options

    FPSO player BW Offshore weighs options Floater specialist BW Offshore has confirmed it is carrying out a limited strategic review, responding to ongoing market rumours. The Oslo-listed company said it has hired Pareto Securities to support the process as it assesses “potential options”, adding that it will provide updates when appropriate. BW Offshore is one…

  • Diana Shipping fixes capesize to Glencore

    Diana Shipping fixes capesize to Glencore Greek dry bulk owner Diana Shipping has fixed its 2013-built capesize on a new period charter with Glencore Freight, securing cover through at least late 2026. The 2013-built P S Palios will earn a gross rate of $25,200 per day, less 5% commission, for a period running to November…

  • Global liners look at acquiring ZIM

    Global liners look at acquiring ZIM Hapag-Lloyd is seeking to acquire ZIM, Israel’s largest container carrier, according to multiple media outlets, but the move is already running into resistance from ZIM’s workers’ committee, which has warned that the presence of Qatari and Saudi sovereign funds among the German carrier’s shareholders could pose a national security…

  • d’Amico clinches high-rate charters for MR pair

    d’Amico clinches high-rate charters for MR pair Italian product tanker owner and operator d’Amico International Shipping has strengthened its forward cover with two fresh long-term charter deals for a pair of MR tankers, securing earnings visibility across the next two years. The Milan-and OTCQX-listed company said its operating arm, d’Amico Tankers in Ireland, has fixed…

  • Diana Shipping scores double ultramax fixture

    Diana Shipping scores double ultramax fixture Diana Shipping has added fresh period cover to its ultramax fleet after fixing two vessels on multi-year time charters at rates slightly above their previous employment. The Athens-based owner said its 2015-built DSI Pollux has been fixed to Stone Shipping at a dayrate of $14,750, less 5% commission. The…

  • Flex LNG confirms Marius Foss as permanent CEO

    Flex LNG confirms Marius Foss as permanent CEO Flex LNG has appointed Marius Foss as chief executive officer, confirming him in the role after several months as interim CEO. Foss has also served as the company’s chief commercial officer. Foss joined the LNG carrier owner in 2018 and has since played a key role in…

  • Economou ramps up boxship ordering spree

    Economou ramps up boxship ordering spree Greek owner George Economou’s TMS Group is set to boost its containership fleet with another wave of LNG dual-fuel newbuildings at China’s Zhoushan Changhong International Shipyard. Industry sources say TMS is planning up to 10 neo-panamax vessels of 11,400 teu, including eight fixed orders and two options, with deliveries…

  • Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China

    Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China Eyal Ofer’s Zodiac Maritime has joined the latest wave of crude carrier orders, placing a major VLCC newbuilding programme in China as part of its broader $1.6bn fleet renewal drive. The London-based owner has ordered six firm and up to eight conventionally fuelled VLCCs from…

  • Black Sea war risk premiums surge

    Black Sea war risk premiums surge Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world’s largest insurance broker, Bloomberg reported yesterday the cost of covering port calls in the region has more than tripled in…

  • Kremlin threatens wider retaliation as Black Sea security deteriorates

    Kremlin threatens wider retaliation as Black Sea security deteriorates Security in the Black Sea and surrounding waters has taken an ominous turn following a spike in attacks on Russian-linked shipping and fresh threats from the Kremlin, raising alarm and insurance rates. Vladimir Putin has warned that Moscow may expand military action against commercial tonnage if…

  • Dong Fang Offshore locks in CLV newbuild

    Dong Fang Offshore locks in CLV newbuild Taiwanese owner and operator Dong Fang Offshore (DFO) has firmed up its next phase of growth with the signing of a subsea and cable lay vessel (CLV) newbuilding contract with Norway’s Westcon. The deal will see the yard take over and complete a large CLV already under construction,…

  • Digital Container Shipping Association welcomes IKEA as first shipper to join its partnership programme

    Digital Container Shipping Association welcomes IKEA as first shipper to join its partnership programme IKEA Supply has joined DCSA+, the Digital Container Shipping Association’s partnership programme for advancing digital standards across the container shipping industry. As the first shipper to participate, IKEA Supply adds the cargo owner perspective to a growing community of carriers, forwarders,…

  • Gunvor hits reset button with leadership buyout and governance overhaul

    Gunvor hits reset button with leadership buyout and governance overhaul Gunvor has entered a new chapter after its management team agreed to buy out the company’s existing ownership, ending Torbjörn Törnqvist’s long run as majority shareholder. The Swiss-based commodity trading giant will now be fully owned by a group of senior employees, with no outside…

  • A new blast zone emerges for Russia-linked tankers

    A new blast zone emerges for Russia-linked tankers A Russian-flagged tanker sailing from Russia to Georgia loaded with sunflower oil reported that it was attacked off the Turkish coast but its 13 crewmembers were unharmed, Turkey’s maritime authority said on Tuesday, likely the latest incident in a renewed, sprawling campaign being carried out by the…