krogragg

Category: Europe

  • Norsepower wins contract to install rotor sails on two Japanese VLCCs

    Norsepower wins contract to install rotor sails on two Japanese VLCCs Norsepower has won the contract to install rotor sails on a pair of methanol-fuelled VLCCs in a world-first for shipping. Japan’s Idemitsu Tanker first revealed its contract to build these new-look ships in May this year, signing with Japan Marine United Corporation (JMU) and…

  • Global Ship Lease snaps up three boxships in $90m deal

    Global Ship Lease snaps up three boxships in $90m deal New York-listed boxship owner Global Ship Lease (GSL) has moved to expand its fleet, striking a deal to buy three 8,600 teu vessels for a combined $90m. The vessels — Korean-built in 2010 and 2011 and fitted with ECO upgrades — come with charters already…

  • Havila Shipping scores fresh Equinor PSV extension

    Havila Shipping scores fresh Equinor PSV extension Havila Shipping has secured more work with Equinor after the Norwegian energy major exercised fresh options on one of the owner’s platform supply vessels. The latest extension covers the PSV Havila Foresight, keeping the 2008-built ship on charter until January 2027. Equinor also holds a further one-year option…

  • Top Ships lines up $200m Dubai property grab from CEO

    Top Ships lines up $200m Dubai property grab from CEO Greece’s Top Ships is preparing to diversify again with a move into Dubai real estate through a deal tied to its chief executive and major shareholder, Evangelos Pistiolis. The New York-listed tanker owner has signed a letter of intent to acquire all or part of…

  • Hafnia trims ageing tonnage with four-ship sale

    Hafnia trims ageing tonnage with four-ship sale Product tanker heavyweight Hafnia has moved ahead with a fresh round of fleet trimming, selling four older MR tankers as part of its rolling renewal programme. The BW Group-backed owner confirmed it sold the 2011-built Hafnia Andromeda in September, followed by the 2012-built Hafnia Lupus in October. Two…

  • TGS bags European OBN contract

    TGS bags European OBN contract TGS has secured a new ocean-bottom node (OBN) contract in Europe, marking the company’s first firm award for the 2026 acquisition season. The Oslo-listed seismic group said its node-on-a-rope crew will mobilise in early May 2026 for a programme expected to run for about 60 days. The job comes from…

  • Greek owner Super-Eco Tankers signs four-ship MR order in China

    Greek owner Super-Eco Tankers signs four-ship MR order in China Greek tanker owner Super-Eco Tankers Management has returned to the newbuilding market with an order for up to four MR product and chemical tankers in China, marking the company’s first newbuild investment in more than two years. The Piraeus-based company has signed a 2+1+1 order…

  • Black Sea blasts set sanctioned tankers ablaze off Turkish coast

    Black Sea blasts set sanctioned tankers ablaze off Turkish coast Two tankers linked to Russia’s shadow fleet were hit by blasts and caught fire in the Black Sea on Friday, prompting a major rescue response from Turkish authorities. All crewmembers from both ships are reported safe. The 150,000 dwt 2002-built suezmax Kairos was the first…

  • Russia mounts comeback bid for IMO’s top table

    Russia mounts comeback bid for IMO’s top table Russia will find out today whether it has secured a return to shipping’s regulatory inner circle — or whether the political freeze is set to continue. Russia is attempting to claw its way back into the International Maritime Organization’s top decision-making body, setting up one of the…

  • Splash Wrap: All eyes on the Suez Canal

    Splash Wrap: All eyes on the Suez Canal The Suez Canal Authority was in bullish form this week, suggesting that many shipping companies are readying to ditch the Cape of Good Hope and return to Red Sea transits, something that will have an enormous impact on freight rates.  Diana Shipping made its move on New…

  • Evalend adds to expanding suezmax line-up

    Evalend adds to expanding suezmax line-up Evalend Shipping has moved to bulk up its suezmax newbuilding programme in South Korea, with the Greek owner eyeing another two units at HD Hyundai as crude tanker contracting continues at pace. Shipbuilding players have linked the Kriton Lendoudis-led company to a fresh pair of 157,000 dwt newbuildings, understood…

  • Marseille-Fos maps out $1.5bn expansion through 2029

    Marseille-Fos maps out $1.5bn expansion through 2029 France’s biggest port has unveiled an investment plan of unprecedented scale as Marseille-Fos races to secure a stronger foothold in the Mediterranean container market. The new 2025–2029 strategic blueprint, approved this week, calls for up to €1.3bn ($1.5bn) in spending — triple the previous five-year cycle — as…

  • d’Amico offloads oldest tanker in $19.5m deal

    d’Amico offloads oldest tanker in $19.5m deal Italian product tanker owner and operator d’Amico International Shipping has agreed to sell the oldest vessel in its fleet, marking another step in the company’s ongoing fleet-renewal drive. The 47,200 dwt MR tanker Glenda Meryl, built in 2011 at Hyundai Mipo in South Korea, will change hands for…

  • Zumaia Offshore orders new OSV from Dutch shipbuilder

    Zumaia Offshore orders new OSV from Dutch shipbuilder Neptune Marine has signed a letter of intent with Spanish offshore support vessel owner and operator Zumaia Offshore for the construction of a new multipurpose OSV. The new DP2 OSV will be 59 m long and 18 m wide, and will be named Saskia B. This will…

  • Allseas lands Enbridge contract in US Gulf

    Allseas lands Enbridge contract in US Gulf Allseas has secured a contract from Enbridge Offshore Facilities to install more than 500 km of deepwater export pipelines in the US Gulf. The Swiss contractor will build and install four export lines linking upcoming deepwater fields in the Keathley Canyon area to existing hubs in Green Canyon…

  • Østensjø Rederi orders hybrid offshore tug from Spanish yard

    Østensjø Rederi orders hybrid offshore tug from Spanish yard Norwegian offshore shipowner and operator Østensjø Rederi has signed a newbuild contract with Spanish shipbuilder Astilleros Gondán for the construction of a next-gen offshore tug. The newbuild, a Skipsteknisk ST 933 design, will be the largest and most powerful tug in Østensjø’s fleet. It is scheduled…

  • Maersk holds off on date for Suez return

    Maersk holds off on date for Suez return A Maersk spokesperson says the company has not set a firm date for resuming Suez Canal sailings, despite the Suez Canal Authority announcing an early-December comeback for the Danish carrier. In a statement, Maersk said it intends to restore navigation on the East–West corridor “as soon as…

  • Diana Shipping tables buyout offer for Genco

    Diana Shipping tables buyout offer for Genco Diana Shipping has made its move on New York-listed Genco Shipping & Trading, tabling a cash offer to acquire all remaining shares it does not already own at $20.60 per share. The Athens-based owner, led by chief executive Semiramis Paliou, holds 14.8% of Genco after steadily building its…

  • Atlas Maritime revealed as seller in $194m Okeanis suezmax deal

    Atlas Maritime revealed as seller in $194m Okeanis suezmax deal Greek owner Okeanis Eco Tankers disclosed last week that it is expanding its crude fleet with the purchase of two suezmax newbuilding resales. Brokers now reveal the seller as Atlas Maritime, with the vessels identified as Viking Star and North Star.  The New York- and…

  • Diana offloads stalled ultramax

    Diana offloads stalled ultramax Diana Shipping has managed to seal a long-delayed exit from an ultramax after a previous sale collapsed, while also locking in a higher-paying charter for one of its capesizes. The New York-listed owner said the 2016-built 63,500 dwt DSI Drammen has been sold to an unrelated buyer for about $26.4m before…

  • Aasen Shipping adds another hybrid methanol-ready bulker at Bodewes

    Aasen Shipping adds another hybrid methanol-ready bulker at Bodewes Norway’s Aasen Shipping has expanded its orderbook once again, returning to Royal Bodewes for a sixth hybrid-powered, methanol-ready self-discharging bulk carrier. The Mosterhamn-based owner has signed up for another 119.95 m vessel at the Dutch yard, following its series of five 9,400 dwt battery-hybrid self-dischargers ordered…

  • Splash Wrap: Bridges, bombs, bottlenecks

    Splash Wrap: Bridges, bombs, bottlenecks The Black Sea entered one of its most volatile phases as Ukraine and Russia escalated long-range strikes on each other’s critical energy and port infrastructure, leaving commercial shipping exposed to huge levels of risk. Latest shipping traffic data points toward a rise in Suez Canal transits, with authorities in Egypt…

  • SLB OneSubsea bags work on BP’s Gulf of Mexico project

    SLB OneSubsea bags work on BP’s Gulf of Mexico project SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has won a contract from energy major BP for a subsea boosting system in the Tiber deepwater development off the US. This engineering, procurement and construction (EPC) contract for Tiber comes in close…

  • Denmark rolls out new 2.8GW offshore wind tender package

    Denmark rolls out new 2.8GW offshore wind tender package Danish authorities have announced tenders for three areas enabling the construction of at least 2.8GW of offshore wind power. The Danish Energy Agency said that the tenders were based on thorough market dialogues and include, among other things, state subsidies and greater flexibility for developers to…

  • Odfjell and Nissen Kaiun team up in new chemical tanker venture

    Odfjell and Nissen Kaiun team up in new chemical tanker venture Norwegian chemical tanker owner Odfjell has joined forces with Japanese shipping major Nissen Kaiun to launch a new Bergen-based joint venture for operating stainless-steel chemical tankers. The new company, Odfjell Hakata Maritime, will pool 10 modern chemical tankers contributed equally by the two partners.…

  • Star Bulk confirms three kamsarmax newbuilds at Hengli

    Star Bulk confirms three kamsarmax newbuilds at Hengli Greek dry bulk heavyweight Star Bulk Carriers has confirmed agreements to acquire three kamsarmax vessels at Hengli Shipbuilding. The Nasdaq-listed, Athens-based owner signed three novation and amendment agreements with Hengli Shipbuilding (Singapore) and Hengli Shipbuilding (Dalian) for 82,000 dwt vessels currently under construction. Deliveries are scheduled progressively…

  • DeepOcean scores UK subsea contract

    DeepOcean scores UK subsea contract DeepOcean has secured a new contract on the UK continental shelf to deliver subsea construction and tie-in work for a field that will be developed as a subsea tieback to an existing host facility. The job covers the installation of a flexible production riser, a flowline and an umbilical linking…

  • Transocean secures trio of extensions worth $89m

    Transocean secures trio of extensions worth $89m Transocean has secured new work for one ultra-deepwater drillship and two harsh-environment semisubmersibles, adding about $89m in firm backlog. In Brazil, Petrobras exercised a 90-day option for the Deepwater Mykonos, keeping the drillship on continuous work. The extension is expected to contribute roughly $33m in backlog. In Norway,…

  • CMA CGM and AD Ports push ahead with Khalifa port terminal expansion

    CMA CGM and AD Ports push ahead with Khalifa port terminal expansion France’s CMA CGM Group and Abu Dhabi’s AD Ports have agreed to expand their joint container terminal at Khalifa Port, less than a year after the facility opened, driven by stronger-than-expected demand. CMA Terminals Khalifa Port — owned 70% by CMA CGM and…

  • Atlantic Bulk Carriers back for four more ultramaxes in China

    Atlantic Bulk Carriers back for four more ultramaxes in China Greek dry bulk owner Atlantic Bulk Carriers Management is pressing ahead with its fleet renewal drive, returning to China for another round of ultramax newbuildings. Brokers in Greece report that the Piraeus-based company has ordered four 63,500 dwt ultramaxes at Nantong Xiangyu Shipbuilding & Offshore…

  • Sentinel Marine rebrands as Cyan Sentinel

    Sentinel Marine rebrands as Cyan Sentinel Aberdeen-based offshore support vessel operator Sentinel Marine has rebranded as Cyan Sentinel, marking its first major step since Singapore’s Cyan Renewables acquired a controlling stake earlier this year year. The move reflects the backing of its new majority owner, but the company stressed it remains locally managed, with its…

  • Black Sea threat level red

    Black Sea threat level red The Black Sea has entered one of its most volatile phases as Ukraine and Russia escalate long-range strikes on each other’s critical energy and port infrastructure, leaving commercial shipping exposed to huge levels of risk. Over the weekend, Ukraine claimed fresh hits on Rosneft’s Ryazan refinery — one of Russia’s…

  • MPCC adds $232m quartet of boxship newbuilds

    MPCC adds $232m quartet of boxship newbuilds MPC Container Ships has moved again to refresh its fleet, signing up for four 4,500-teu newbuildings in China backed by long-term employment. The Oslo-listed tonnage provider confirmed it has struck a deal with Jiangsu Hantong Ship Heavy Industry for the quartet, with deliveries set to begin in the…

  • 2020 Bulkers offloads remaining newcastlemaxes

    2020 Bulkers offloads remaining newcastlemaxes 2020 Bulkers has agreed to sell its last two newcastlemaxes, wrapping up the monetisation of a fleet-building programme that started eight years ago. The Oslo-listed owner said it has signed deals with an undisclosed buyer for the 2020-built Bulk Sydney and Bulk Santos at a combined price of $145.5m. The…

  • Odfjell Drilling eyes long-term cover with new semisub deal

    Odfjell Drilling eyes long-term cover with new semisub deal Oslo-listed semisub player Odfjell Drilling has lined up more long-term work for its owned rig Deepsea Aberdeen, signing a letter of intent with an undisclosed client that would keep the harsh-environment unit busy into 2029. The LOI covers a programme starting in late 2026, directly after…

  • Splash Wrap: Flows shift again

    Splash Wrap: Flows shift again The Houthis officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a letter sent to Hamas’s military wing, Kata’ib al-Qassam, by the newly appointed Houthi chief of staff, Yousef Hassan Al-Madani, who succeeded…

  • Ukrainian drones hit Novorossiysk as strikes on Russian Black Sea ports intensify

    Ukrainian drones hit Novorossiysk as strikes on Russian Black Sea ports intensify Ukrainian forces mounted a large drone strike on Novorossiysk early Friday, damaging a ship in port, hitting apartment blocks, and igniting a blaze at one of Russia’s most important oil terminals in the Black Sea – the latest in a growing series of…

  • Sanctions spur surge in Russian oil languishing at sea

    Sanctions spur surge in Russian oil languishing at sea The amount of oil stranded on tankers worldwide has ballooned in recent months, with Russian barrels making up an outsized share of the floating glut as sanctions upend traditional trade flows. Analysts at Vortexa, Kpler and OilX estimate that roughly 1bn barrels are now sitting at…

  • DeepOcean secures Equinor subsea deal

    DeepOcean secures Equinor subsea deal Norwegian ocean services player DeepOcean has secured a contract from Equinor for subsea construction and installation work on the Snorre export and import gas (SNEIG) project, with offshore execution set for 2026. The SNEIG development forms part of Equinor’s wider Snorre expansion project, designed to extend the production life of…

  • Hapag-Lloyd targets 22 new ships in fleet renewal drive

    Hapag-Lloyd targets 22 new ships in fleet renewal drive Hapag-Lloyd is moving ahead with a major fleet renewal programme that will see the German liner giant invest in up to 22 new containerships in the sub-5,000 teu range. The Hamburg-based carrier said the move forms part of its long-term strategy to modernise and decarbonise its…

  • United Maritime locks in fresh fixtures amid firming dry bulk market

    United Maritime locks in fresh fixtures amid firming dry bulk market United Maritime has lined up new employment for its bulk carriers as it positions for a stronger fourth quarter and a firmer outlook for panamax and kamsarmax earnings. The Nasdaq-listed Greek owner, led by Stamatis Tsantanis (pictured), said it has secured new charter deals…

  • JME returns to New Dayang for another bulker newbuild

    JME returns to New Dayang for another bulker newbuild Greek owner JME Navigation has returned to China’s New Dayang Shipbuilding for another ultramax bulker, continuing a fleet expansion drive that has gathered pace over the past two years. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been contracted to build one Crown 63…

  • Scorpio Tankers back in VLCC game with Hanwha Ocean deal

    Scorpio Tankers back in VLCC game with Hanwha Ocean deal Monaco-based Scorpio Tankers has made a surprise return to the crude carrier newbuilding market after more than a decade, signing up for two very large crude carriers (VLCCs) at South Korean yard Hanwha Ocean. The New York-listed product tanker giant has inked letters of intent…

  • Live Animal Export: It’s 2025, why are hairy seafarers abandoned and left to linger and die onboard?

    Live Animal Export: It’s 2025, why are hairy seafarers abandoned and left to linger and die onboard? Dr Lynn Simpson returns to Splash today, discussing the ongoing livestock calamity taking place off Turkey. Today is day 54 of Spiridon II’s current voyage, something that Splash covered yesterday. Originating in Montevideo, Uruguay, destined for Türkiye and…

  • India’s revived yard lands $220m Norwegian chemical tanker deal

    India’s revived yard lands $220m Norwegian chemical tanker deal Swan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway’s Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m. The agreement includes…

  • Newbuild bulker design to lock away carbon at sea

    Newbuild bulker design to lock away carbon at sea Climate-tech start-up Calcarea and Dutch naval architect Aurelia Design have joined forces to develop a commercial ship design integrating ocean-based carbon capture technology. The partnership will combine Calcarea’s limestone weathering system — a process that removes CO₂ by accelerating its natural reaction with seawater and limestone…

  • Diana Shipping clinches capesize charter upgrade with Norden

    Diana Shipping clinches capesize charter upgrade with Norden Greek bulker owner Diana Shipping has locked in a fresh charter for its 2015-built capesize Santa Barbara at a higher rate with Danish shipowner and operator Norden. The 179,426 dwt vessel will earn $25,500 per day, minus 5% commission, for a period running from a minimum of…

  • Svitzer takes majority stake in Norway’s Bukser og Berging

    Svitzer takes majority stake in Norway’s Bukser og Berging Danish towage giant Svitzer has acquired a 66.6% stake in Norwegian towage and marine services company Buksér og Berging (BOB). The deal, which remains subject to final regulatory approvals, will see BOB continue operating as an independent company under its own brand, management, and strategy. Chief…

  • Freightos expands into ocean freight

    Freightos expands into ocean freight Freightos has expanded its digital freight platform from air to sea, rolling out an integrated pricing, quoting, and booking system for ocean freight forwarders. The Nasdaq-listed logistics technology firm said its new WebCargo Rate & Quote Ocean platform marks a major step in unifying air and ocean freight management under…

  • Scorpio Tankers refreshes MR fleet with sale and newbuild swoop

    Scorpio Tankers refreshes MR fleet with sale and newbuild swoop Scorpio Tankers is reshuffling its MR product tanker lineup, agreeing to sell four existing vessels while snapping up four modern newbuildings set to join its fleet in 2026 and 2027. The Monaco-headquartered company, led by Emanuele Lauro (pictured), has signed deals to sell four 2014-built,…

  • EuroHoldings makes first move into tankers with MR buy from Latsco

    EuroHoldings makes first move into tankers with MR buy from Latsco EuroHoldings, the Nasdaq-listed offshoot of Greek containership owner Euroseas, has taken its first step into the tanker market with the acquisition of an MR product carrier from fellow Latsis family company Latsco Shipping. The 2015-built, 49,997 dwt Hellas Avatar will change hands for $31.83m,…

  • DeepOcean and Jana Marine team up for Middle East subsea joint venture

    DeepOcean and Jana Marine team up for Middle East subsea joint venture Norway’s DeepOcean and Saudi Arabia-based Jana Marine Services have penned a deal to form a joint venture targeting the offshore subsea market in the Middle East. The new company, to be named JADE Subsea Services, will provide integrated subsea construction, inspection, maintenance and…

  • Norden extends partnership with wood pellet maker Enviva

    Norden extends partnership with wood pellet maker Enviva Danish shipowner Norden has signed a new two-year contract of affreightment with US-based wood pellet producer Enviva, covering shipments from the US to Europe starting in 2026. Under the agreement, Norden will carry multiple handysize cargoes of wood pellets from loading ports along the US East and…

  • TGS secures multi-year survey agreement with Chevron

    TGS secures multi-year survey agreement with Chevron Oslo-listed seismic data specialist TGS and US supermajor Chevron have signed a three-year capacity agreement for marine streamer and OBN acquisition services. The minimum firm commitment under the three-year term of the capacity agreement is 18 months of a combination of OBN and streamer acquisition services. The two…

  • Diana Shipping nets $12.5m from fresh MOL and Bunge charters

    Diana Shipping nets $12.5m from fresh MOL and Bunge charters Greek dry bulk owner Diana Shipping has sealed a fresh charter deal with MOL Ocean Bulk and extended another with Bunge, adding up to around $12.5m in gross revenue for the two vessels. The New York-listed company said it fixed its 2012-built 206,104 dwt newcastlemax…

  • Performance Shipping aframax lands two-year ExxonMobil charter

    Performance Shipping aframax lands two-year ExxonMobil charter Greek tanker owner Performance Shipping has signed a fresh two-year charter deal for its 2013-built aframax P Long Beach with ExxonMobil’s shipping arm, SeaRiver Maritime. The 105,408 dwt vessel will start the new employment at a daily rate of $30,500 upon redelivery from its current charterer, expected around…

  • Costamare lifts Chinese newbuild series to six boxships

    Costamare lifts Chinese newbuild series to six boxships Greek containership owner Costamare has expanded its newbuilding programme in China, adding two more 3,100 teu vessels to its growing series. The New York-listed company said in its third-quarter earnings report that the vessels are scheduled for delivery in the first quarter of 2028 from an undisclosed…

  • Nordic American Tankers readies suezmax newbuilds in South Korea

    Nordic American Tankers readies suezmax newbuilds in South Korea Nordic American Tankers (NAT) is heading back to South Korea for fresh tonnage, with a letter of intent signed for two suezmax newbuilds worth about $86m apiece. The Herbjørn Hansson-led company said deliveries are planned for the second half of 2028, with a final shipbuilding contract…

  • Developers shun Dutch 1GW offshore wind auction

    Developers shun Dutch 1GW offshore wind auction The Dutch authorities have received no bids for its 1GW Nederwiek 1-A offshore wind site in the North Sea. The site, which covers an area of around 150 sq km, some 95 km off the coast of Texel, was already reduced from 2GW to decrease the investment required…

  • Norden names new dry cargo head

    Norden names new dry cargo head Danish shipowner and operator Norden has named Christian Antonsen as its new head of dry cargo in the freight services and trading division. Antonsen joins from agricultural giant Archer Daniels Midland (ADM), where he currently serves as global ocean freight director, chartering. His career has also included stints at…

  • Equinor extends Aker Solutions inspection services deal to 2030

    Equinor extends Aker Solutions inspection services deal to 2030 Norway’s Aker Solutions has won a four-year contract extension to provide onshore and offshore inspection services for compatriot Equinor. The extension follows the Norwegian energy giant’s decision to exercise an option included in the current agreement. Under the extension, Aker Solutions will continue to deliver inspection…

  • KNOT moves to take KNOT Offshore Partners private

    KNOT moves to take KNOT Offshore Partners private New York-listed shuttle tanker owner KNOT Offshore Partners (KNOP) has received a buyout proposal from its parent company, Knutsen NYK Offshore Tankers AS (KNOT), aiming to acquire all publicly held common units and take the New York-listed partnership private. The unsolicited, non-binding offer proposes a cash consideration…

  • Svitzer joins forces with Cochin Shipyard on electric tug build in India

    Svitzer joins forces with Cochin Shipyard on electric tug build in India Svitzer has signed a letter of intent with Cochin Shipyard to develop and construct a new generation of electric tugs in India. The Danish towage operator said the agreement, signed during India Maritime Week in Mumbai, lays the groundwork for production of the…

  • Ebe breaks new ground with Chinese newcastlemax order

    Ebe breaks new ground with Chinese newcastlemax order Belgian shipowner Ebe has placed its first-ever shipbuilding order in China, marking a return to the large bulker segment after nearly a decade. The Basile Aloy-led company has ordered two firm plus one optional 210,000 dwt ammonia-ready newcastlemax bulk carriers at Qingdao Beihai Shipbuilding, with delivery of…

  • Eidesvik secures PSV extensions with Aker BP

    Eidesvik secures PSV extensions with Aker BP Norwegian offshore vessel owner Eidesvik Offshore has secured a one-year extension for its platform supply vessel Viking Lady with Aker BP, keeping the ship on contract until February 2027. The extension follows directly after the current deal expires in early 2026. The original three-year charter was awarded in…

  • Splash Wrap: Deals, diplomacy and disruption

    Splash Wrap: Deals, diplomacy and disruption Donald Trump’s tour of Asia provided the biggest shipping news of the week. His meet-up with his Chinese counterpart, Xi Jinping, yesterday saw the tit-for-tat port fees shelved for a year, and panamaxes surging as China committed to resume buying large amounts of American grain. Trump’s earlier meetings this…

  • Greek owner JHI Steamship books aframax tankers in South Korea

    Greek owner JHI Steamship books aframax tankers in South Korea Greek shipowner JHI Steamship has signed up for its first-ever newbuildings in South Korea, ordering two firm plus one optional 115,000 dwt aframax tankers at K Shipbuilding. Shipbuilding sources said each vessel is priced at $75m, with deliveries set for 2027–2028. The deal, valued at…

  • Capital Maritime adds capesize brace to expanding Chinese orderbook

    Capital Maritime adds capesize brace to expanding Chinese orderbook Greek shipowner Evangelos Marinakis is extending his shipbuilding campaign into the dry bulk sector, with his Capital Maritime & Trading placing an order for two capesize bulk carriers at China’s Hengli Shipbuilding. Several shipbuilding sources confirmed the deal, saying delivery of the 180,000 dwt units is…

  • Monaco owner Transocean breaks into boxships with newbuilds in China

    Monaco owner Transocean breaks into boxships with newbuilds in China Monaco-headquartered Transocean Maritime Agencies has been revealed as the buyer behind an order for containership newbuildings in China, marking the company’s latest fleet expansion and its first step into the box segment. Industry sources and shipbuilding databases show Transocean has contracted two 1,930 teu vessels…

  • Alfa Laval: Balancing short-term operational needs with long-term goals

    Alfa Laval: Balancing short-term operational needs with long-term goals For shipping’s leaders, the biggest challenge today isn’t just keeping up with technology — it’s knowing which path to take. “Making decisions about which technology or fuel to invest in has not been easy,” says Martijn Bergink, president of Alfa Laval’s marine division. “Rapidly changing regulations,…

  • CMA CGM plots expansion in Saudi Arabia with $450m Jeddah terminal JV

    CMA CGM plots expansion in Saudi Arabia with $450m Jeddah terminal JV French shipping and logistics group CMA CGM has taken another step to expand its terminal footprint in the Middle East, signing a term sheet with Saudi Arabia’s Red Sea Gateway Terminal (RSGT) for a potential joint venture to build and operate Terminal 4…

  • APM Terminals and Alabama Port move ahead with Mobile expansion

    APM Terminals and Alabama Port move ahead with Mobile expansion APM Terminals and the Alabama Port Authority have agreed to move ahead with a $131m expansion at the Port of Mobile, adding a new 1,300-foot container berth to handle growing trade volumes through the Gulf of Mexico gateway. The “Phase V” project will boost berth…

  • Metrostar sails out of crude trade with double suezmax sale

    Metrostar sails out of crude trade with double suezmax sale Greek shipowner Metrostar Management has sold its final two suezmax tankers to compatriot Delta Tankers, marking its full exit from the crude carrier business. Brokers said the Theodore Angelopoulos-led outfit has offloaded the 2021-built, 156,800 dwt Crude Levante and Crude Zephyrus, both constructed at New…

  • Yinson takes Maran VLCC

    Yinson takes Maran VLCC Singapore’s Yinson Production has quietly extended its footprint into the VLCC segment, sealing a deal with Greek powerhouse Angelicoussis Group for the 317,100 dwt Maran Antares (built 2012, Daewoo). The price remains undisclosed, though VesselsValue estimates the ship’s market worth at around $68m — marking Yinson’s youngest tanker purchase to date. …

  • Havila vessel gets more time with OceanPact

    Havila vessel gets more time with OceanPact Norwegian offshore vessel owner Havila Shipping has secured a contract extension with OceanPact for its subsea vessel Havila Harmony. The 2005-built vessel will remain with the Brazilian offshore vessel owner and services provider on a bareboat charter until the end of 2026. The financial terms of the latest…

  • Stena offloads fire-damaged tanker for repair in Turkey

    Stena offloads fire-damaged tanker for repair in Turkey Stena Bulk has sold the fire-damaged Stena Immaculate to an undisclosed buyer who plans to repair the vessel at Desan Shipyard in Turkey. The Swedish tanker owner confirmed the sale, saying the deal involves the 2017-built 49,700-dwt MR unit, which was badly damaged in a collision with…

  • Bruton firms up VLCC order at New Times Shipbuilding

    Bruton firms up VLCC order at New Times Shipbuilding Tor Olav Trøim-backed Bruton has finalised contracts with New Times Shipbuilding in China for two scrubber-fitted VLCC newbuildings, with options for two more of the same design. The Oslo-listed company said the deal was concluded through its wholly owned subsidiary Andes Tankers III, which has now…

  • Oceanbulk linked to boxships comeback

    Oceanbulk linked to boxships comeback Greek shipowner Petros Pappas is edging back into the container market, with his privately held firm Oceanbulk reportedly striking a deal for a pair of feeder newbuildings in China. Shipbuilding and market sources have tied Oceanbulk to a contract for two 3,100 teu boxships at Zhoushan Changhong International Shipyard, priced…

  • Floatel extends Brazil run with fresh vessel deal

    Floatel extends Brazil run with fresh vessel deal Oslo-based offshore accommodation specialist Floatel International has secured another letter of intent (LOI) for the Floatel Victory, extending the unit’s upcoming campaign offshore Brazil. The 2013-built semisubmersible accommodation unit has been lined up to provide maintenance and safety unit (MSU) services for a 6–7-month assignment starting in…

  • China and India step back from Russian oil under US pressure

    China and India step back from Russian oil under US pressure The oil markets are in flux today as tanker trades retrench and Russia’s two largest buyers of oil pause buying the fuel that has helped fund Moscow’s war in Ukraine for the past three and a half years.  News has emerged in the past…

  • Peter Döhle boosts boxship fleet with four newbuilds in China

    Peter Döhle boosts boxship fleet with four newbuilds in China Hamburg-based shipowner Peter Döhle Schiffahrts is expanding its container fleet with an order for four feedermax vessels in China. Shipbuilding sources report that the 2,900 teu ships have been booked at China’s CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries scheduled between late 2027 and 2028.…

  • Splash Wrap: Sanctions, shadow fleets, and shifting tides

    Splash Wrap: Sanctions, shadow fleets, and shifting tides US president Donald Trump unveiled sweeping sanctions on Russia’s top oil producers, Rosneft and Lukoil, this week in his most extensive energy crackdown since returning to office. Aimed at forcing Moscow toward peace talks, the measures cut the companies off from US banking and dollar systems. The…

  • Zodiac Maritime takes the plunge with suezmax orders in Vietnam

    Zodiac Maritime takes the plunge with suezmax orders in Vietnam UK-headquartered Zodiac Maritime has achieved another shipbuilding first, becoming the first client of Samsung Heavy Industries’ newly controlled Vietnam shipyard, committing to three firm conventionally fuelled suezmax tankers with options, priced at $80m per unit and delivering in 2028. Each vessel, with a capacity of…

  • Trump’s Russian oil sanctions set to redraw global tanker trading map

    Trump’s Russian oil sanctions set to redraw global tanker trading map US president Donald Trump has imposed sweeping new sanctions on Russia’s two biggest oil producers, Rosneft and Lukoil, in what he described as “tremendous sanctions” aimed at forcing Moscow to the negotiating table over its war in Ukraine. The sanctions have the potential to…

  • Alberta Shipmanagement makes boxship debut with Chinese newbuild order

    Alberta Shipmanagement makes boxship debut with Chinese newbuild order Greek owner Alberta Shipmanagement has made its first move into the containership sector, joining a growing number of traditional tanker and bulker players diversifying their fleets. Industry databases show the Athens-based company has ordered two 1,930 teu vessels at CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries…

  • Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds

    Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds Two Greek shipowners have placed fresh orders in China as Hengli Heavy Industries continues to build its orderbook with European tonnage. The Dalian-based shipyard confirmed contracts for five bulk carriers worth around $211m from US-listed Seanergy Maritime and Eastern Mediterranean Maritime (Eastmed). Seanergy,…

  • DeepSea: The autonomy age is here

    DeepSea: The autonomy age is here 2026 will be the year autonomy takes off in cargo shipping, specifically with regards to propulsion automation, followed by full navigation automation in the forthcoming years, predicts Konstantinos Kyriakopoulos, CEO and co-founder of DeepSea, one of maritime’s best-known AI brands. A number of leading ship operators have been quietly working…

  • 2020 Bulkers banks $72m as fleet sell-off rolls on

    2020 Bulkers banks $72m as fleet sell-off rolls on Oslo-listed 2020 Bulkers has extended its fleet sell-off with the disposal of another newcastlemax bulker. The Norwegian owner, set up by Tor Olav Trøim, said it has agreed to sell the 2020-built 208,000 dwt Bulk Sao Paulo for $72.75m to an undisclosed buyer. The company will…

  • CMB.TECH continues fleet renewal with fresh sales

    CMB.TECH continues fleet renewal with fresh sales Belgium’s CMB.TECH has pushed ahead with its fleet renewal strategy, confirming disposals in wet and dry secondhand markets, while adding new tonnage across multiple segments. The Antwerp-based shipowner confirmed the sale of the 2007-built 306,543 dwt VLCC Dalma for a reported $48m after passing dry dock. The deal,…

  • Navios Partners nets $69m from vessel sales as it boosts charter cover

    Navios Partners nets $69m from vessel sales as it boosts charter cover Greece’s Navios Maritime Partners has sold three older vessels — including one of its oldest VLCCs — as part of its fleet renewal programme, while adding a newly built product tanker and fixing several ships on new charters. The Angeliki Frangou-led, New York-listed…

  • ABS buys MetaSHIP in digital training push

    ABS buys MetaSHIP in digital training push US classification society ABS has agreed to acquire the MetaSHIP training and simulation platform from Orka Informatics, following in the footsteps of its UK peer Lloyd’s Register, which bought Ocean Technologies Group (OTG) in late 2024. The move marks another major step by a leading class society into…

  • Marinakis in for Hengli VLCC

    Marinakis in for Hengli VLCC Greek shipowner Evangelos Marinakis is expanding his VLCC newbuilding programme, signing a contract for a 306,000 dwt supertanker at China’s Hengli Heavy Industries. The deal, valued by shipbuilding sources at around $118m, aligns with similar VLCC deals struck by owners John Fredriksen and George Procopiou at the Dalian-based yard, with…

  • Sogestran orders two new bunker tankers in China

    Sogestran orders two new bunker tankers in China France’s Sogestran Group is upgrading its bunker tanker fleet with an order for two new vessels at China Merchants Industry Yangzhou Dingheng Shipyard. The deal, which extends a long-standing partnership between its subsidiary Maritima with Petroineos in southern France, covers 4,500 cu m newbuilds set to replace…

  • Grieg Maritime winds down ship recycling arm

    Grieg Maritime winds down ship recycling arm Norway’s Grieg Green, the ship recycling and ESG advisory arm of Grieg Maritime Group, is closing down after 15 years of operation, citing tough market conditions and rising competition that make it difficult for premium service providers to stay viable. The Bergen-based company said the decision, effective immediately,…

  • Petrobras hires two more DOF vessels

    Petrobras hires two more DOF vessels Norwegian offshore vessel owner DOF has won two long-term contracts in Brazil with state-owned oil firm Petrobras. Petrobras hired the 2005-built Skandi Chieftain and the 2009-built Skandi Olympia on a four-year contract. The two contracts have a combined value of approximately $200m. Both vessels will operate with one work-class…

  • CMA CGM turns to India for six feeder newbuilds

    CMA CGM turns to India for six feeder newbuilds France’s CMA CGM has signed a letter of intent with Cochin Shipyard Ltd (CSL) to build six LNG-powered feeder containerships, marking the first-ever order by a global liner operator at an Indian yard. The 1,700 teu vessels are valued at around $300m in total. A formal…

  • SMM: Shipping gears up for AI and efficiency push

    SMM: Shipping gears up for AI and efficiency push Global shipowners, yards, and suppliers are gearing up for a new investment cycle focused on fleet efficiency, artificial intelligence, and sustainability, according to the latest SMM Maritime Industry Report (MIR) released ahead of next year’s shipping exhibition in Hamburg. The survey, conducted by Hamburg Messe und…

  • Valaris lands $140m drillship deal with BP

    Valaris lands $140m drillship deal with BP New York-listed offshore driller Valaris has won a contract for one of its drillships from a subsidiary of supermajor BP. The contract for the 2014-built Valaris DS-12 is for five wells with BP Exploration Delta Limited in Egypt. The deal is expected to commence in the second quarter…

  • MPC Container Ships keeps renewal momentum with newbuilds at Fujian Mawei

    MPC Container Ships keeps renewal momentum with newbuilds at Fujian Mawei Oslo-listed tonnage provider MPC Container Ships (MPCC) has pressed ahead with its fleet renewal programme, ordering two 1,600 teu containerships from Fujian Mawei Shipyard in China. The vessels, designed for Northern European feeder trades, are due for delivery in the second half of 2027…

  • Maersk launches onboard trials of methanol and ethanol mix

    Maersk launches onboard trials of methanol and ethanol mix Danish shipping giant Maersk has started onboard fuel trials of a methanol-ethanol blend as part of its efforts to explore alternative fuel use for decarbonising global shipping. The company’s 2,100 teu methanol-fuelled containership Laura Maersk, which became the world’s first container vessel to operate on green…