krogragg

Category: Europe

  • Oldendorff and Salzgitter target 20% emission cut in iron ore shipments

    Oldendorff and Salzgitter target 20% emission cut in iron ore shipments German shipowner Oldendorff Carriers and fellow steelmaker Salzgitter have signed a long-term deal to lower carbon emissions from the seaborne transport of iron ore to Hamburg. Starting in January 2026, Oldendorff will deploy fuel-efficient bulk carriers to move iron ore from various loading ports…

  • Court clears ICTSI to run Durban terminal after Maersk challenge fails

    Court clears ICTSI to run Durban terminal after Maersk challenge fails A South African court has dismissed a legal challenge by AP Moller-Maersk’s terminal arm against the award of a key port concession to International Container Terminal Services Inc (ICTSI), paving the way for the Filipino operator to take control of Durban Container Terminal (DCT)…

  • Minerva ups the ante in boxship market with fresh newbuild series

    Minerva ups the ante in boxship market with fresh newbuild series Greek owner Minerva Dry is stepping deeper into the container sector, ordering a new series of 3,000 teu ships in China — its largest boxships to date. Shipbuilding sources said Andreas Martinos-led Minerva Dry has inked a deal with Penglai Zhongbai Jinglu Ship Industry…

  • DP World seals 10-year extension with Hapag-Lloyd at Santos

    DP World seals 10-year extension with Hapag-Lloyd at Santos Dubai-based ports and logistics player DP World has renewed its partnership with German liner Hapag-Lloyd for another decade, extending the long-running agreement between the two companies at the Port of Santos, Brazil’s largest container hub. The new contract secures continued cooperation that began in 2014, ensuring Hapag-Lloyd’s…

  • ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds

    ExxonMobil steps into LNG bunkering with Avenir and Evalend newbuilds ExxonMobil has moved to enter the LNG marine bunkering market with two purpose-built vessels, as it looks to expand its portfolio of lower-emission marine fuels. The US energy major will begin operations in 2027, deploying two LNG bunker ships — one chartered from Avenir LNG…

  • Sanctions list swells, momentum fades

    Sanctions list swells, momentum fades Over the past five years, the number of sanctioned vessels has expanded steadily, rising from around 350 in September 2020 to roughly 1,700 by September 2025, according to analysis from maritime analytics firm Kpler. The overlap between various administrations sanctioning ships is also finally starting to grow with greater coordination…

  • ESL Shipping sells handysize bulker to support fleet renewal

    ESL Shipping sells handysize bulker to support fleet renewal ESL Shipping, part of Finnish conglomerate Aspo, has sold the 21,353 dwt handysize bulker Kallio to the Qrill Company. The company stated that divesting the 2006-built vessel would help to speed up the green transition of ESL Shipping and strengthen the financing of the new vessels…

  • Europe’s top ports gridlocked by strikes

    Europe’s top ports gridlocked by strikes Container operations at Europe’s largest port, Rotterdam, have come to a standstill as lashers began a 48-hour strike on Wednesday afternoon to demand higher wages, while harbour pilots’ protests in neighbouring Antwerp-Bruges continue to disrupt marine traffic. Dutch union FNV said workers at International Lashing Services and Matrans Marine…

  • British university sets out to turn seawater into ship fuel

    British university sets out to turn seawater into ship fuel London’s Brunel University is teaming up with startup Genuine H2 to pilot a system that splits seawater into hydrogen onboard ships. The concept is to feed seawater through electrolyzers, extract pure hydrogen, store it on ship, then use it as a clean-burning fuel. Brunel’s project…

  • NAPA: Integration is shipping’s new superpower

    NAPA: Integration is shipping’s new superpower Shipping’s decarbonisation drive won’t be defined by one big breakthrough, according to Mikko Kuosa, CEO of Finland-based software company NAPA. Instead, the focus is shifting to combining proven technologies and tailoring solutions to fit specific vessel types and trades. “There will not be a single silver-bullet solution,” Kuosa tells…

  • Dynacom snaps up four Hengli VLCC resales

    Dynacom snaps up four Hengli VLCC resales Greek shipowner Dynacom Tankers is expanding its vast crude carrier programme with a fresh quartet of VLCC newbuildings at China’s Hengli Heavy Industries, adding to the two it contracted last year. Shipbuilding sources said the 306,000 dwt vessels are part of a series originally ordered by Hengli Group…

  • Orca AI: Artificial intelligence moves from buzzword to bridge

    Orca AI: Artificial intelligence moves from buzzword to bridge Artificial intelligence in shipping has long been a buzzword. Now, says Yarden Gross, CEO and co-founder of Orca AI, it’s fast becoming the bridge linking sea and shore — and the next 12 months could be the most pivotal yet. Gross tells Maritime CEO that shipping…

  • Molgas takes full control of Titan Clean Fuels

    Molgas takes full control of Titan Clean Fuels Molgas Energy Group has completed the full acquisition of Amsterdam-based Titan Energy Holding, parent company of Titan Clean Fuels, creating one of Europe’s largest integrated downstream LNG and bio-LNG players. The Madrid-headquartered company, backed by infrastructure investor InfraVia, said the transaction marks a key step in its…

  • Aurora Offshore scores Harbour Energy PSV fixture

    Aurora Offshore scores Harbour Energy PSV fixture Borealis Maritime’s offshore vessel arm, Aurora Offshore, has secured long-term employment for one of its platform supply vessels. Brokers report the 2021-built Aurora Cooper fixed to Harbour Energy for six months plus multiple extension options, with the charter starting this month. Dayrates for the LNG dual-fuel battery hybrid…

  • Denmark tightens checks on shadow fleet

    Denmark tightens checks on shadow fleet The Danish government yesterday announced it is tightening environmental and safety inspections of oil tankers—especially older, high-risk ships—passing through its waters or anchoring at Skagen Red, a key anchorage at the gateway between the Baltic and North Seas. Environment minister Magnus Heunicke said older vessels pose particular threats to…

  • Capital Offshore and United Offshore Support combine OSV fleets under new JV

    Capital Offshore and United Offshore Support combine OSV fleets under new JV Greek OSV owner Capital Offshore has acquired 50% of shares in German OSV management specialist United Offshore Support (UOS) from Hayfin Capital Management. Completion of the transaction is subject to regulatory approvals. Upon closing, the company will operate under the new name UOS…

  • World’s first hydrogen-powered bulk carriers to feature Swedish fuel cells

    World’s first hydrogen-powered bulk carriers to feature Swedish fuel cells PowerCell, a Swedish supplier of fuel cells for the marine market, has secured a contract worth just over SEK40m ($4.25m) to supply the fuel cell systems for two hydrogen-powered bulk carriers. The order includes 14 of PowerCell’s Marine System 225 units, providing over 3 MW…

  • Finnish court drops Baltic subsea cable case against Eagle S crew

    Finnish court drops Baltic subsea cable case against Eagle S crew A Finnish district court has dismissed charges against the captain and two officers of the Eagle S tanker, ruling that Finland has no jurisdiction to prosecute over the damage of critical subsea infrastructure in the Baltic Sea last year. The case, seen as a…

  • Shadow tanker accused of being Europe’s drone mothership

    Shadow tanker accused of being Europe’s drone mothership The Boracay, an 18-year-old Russian-linked tanker seized by French commandos off Brest this week, has been placed at the scene of up to nine drone incidents across northern Europe, according to a Daily Telegraph analysis of AIS tracking. The newspaper reports the vessel was within striking distance…

  • Boluda buys Boskalis towage arm in Australia and Papua New Guinea for $640m

    Boluda buys Boskalis towage arm in Australia and Papua New Guinea for $640m Spanish towage giant Boluda has struck a $640m deal to acquire Royal Boskalis’ harbour towage and salvage business in Australia and Papua New Guinea, cementing its position as the world’s largest operator in the sector. The takeover hands Boluda operations at key…

  • DEME clinches German offshore wind cable installation deal

    DEME clinches German offshore wind cable installation deal Belgium’s DEME Offshore has landed a contract worth between €50m and €150m ($54m–$162m) for subsea cable work at the Nordseecluster B offshore wind project in the German North Sea. The deal covers transport and installation of 124 km of inter-array cables, linking 60 turbine foundations to the…

  • DOF nets $60m North America contract haul

    DOF nets $60m North America contract haul Norwegian offshore vessel owner and services player DOF Group has picked up a string of new contracts in North America worth more than $60m, securing over 300 vessel days with further options attached. The work will be carried out by vessels already positioned in the region, covering subsea,…

  • Nova Marine Carriers breaks into New Zealand market with MPP newbuild

    Nova Marine Carriers breaks into New Zealand market with MPP newbuild Lugano-based Nova Marine Carriers has teamed up with New Zealand’s McCallum Bros in a 50/50 joint venture that will replace the ageing multipurpose vessel (MPP) on the supply run to the Chatham Islands. The MBL/Nova Marine partnership won the government tender with a proposal…

  • Shipping arbitration landscape shifts beyond London

    Shipping arbitration landscape shifts beyond London London has maintained its position as the world’s top maritime arbitration hub, although new data from HFW shows Asia’s centres are closing the gap. The law firm’s sixth Maritime Arbitration in Numbers report analysed responses from 19 arbitral bodies across 18 jurisdictions. It found that while London remains dominant,…

  • Capital Maritime emerges behind HD Hyundai Mipo feeder orders

    Capital Maritime emerges behind HD Hyundai Mipo feeder orders Evangelos Marinakis-led Capital Maritime Group has been linked to the latest round of feeder containership contracts at HD Hyundai Mipo Dockyard in South Korea. Shipbuilding sources said the Greek owner is behind orders for two 2,800 teu units priced at around $56.9m each and one 1,800…

  • Genco adopts poison pill to limit hostile takeovers

    Genco adopts poison pill to limit hostile takeovers US-based dry bulk owner Genco Shipping & Trading has adopted a limited-duration shareholder rights plan designed to prevent a takeover of the company. The rights plan is effective immediately and has a one-year duration expiring on September 30, 2026. Pursuant to the plan, Genco will issue one right…

  • German owners line up MPP newbuild series in China

    German owners line up MPP newbuild series in China Germany’s HS Shipping Group (HS Schiffahrt) has teamed up with shipping financier Mare Trust for a major push into the multipurpose heavylift segment, securing newbuildings at Jiangsu Soho Marine Heavy Industry in China. The partners confirmed firm orders for four 12,500 dwt vessels, with deliveries scheduled…

  • Seanergy and United Maritime cash in on vintage capes

    Seanergy and United Maritime cash in on vintage capes Greek bulker owners Seanergy Maritime and United Maritime have completed sales of aging capesize vessels, banking profits and cutting fleet exposure to older tonnage. Seanergy confirmed the sale of the 2010-built Geniuship to an undisclosed buyer for $21.6m. The 170,057 dwt vessel, acquired in 2015, was…

  • Danaos lifts orderbook and seals $304m in charters

    Danaos lifts orderbook and seals $304m in charters Greek containership owner Danaos has confirmed boosting its orderbook with two more 7,165 teu vessels and locked in $304m of fresh charter income. The Nasdaq-listed company said about $164m stems from forward fixtures on four existing ships, with another $140m tied to the newbuildings, each covered by…

  • Diana Shipping doubles down on Genco stake with $103m outlay

    Diana Shipping doubles down on Genco stake with $103m outlay Greek dry bulk owner Diana Shipping has lifted its holding in New York-listed peer Genco Shipping & Trading to nearly 15%, becoming the company’s largest known shareholder. Regulatory filings show the Semiramis Paliou-led owner spent about $103.5m between late April and the end of September…

  • Allseas and DOF awarded contracts for $125m Singapore crude transfer revamp

    Allseas and DOF awarded contracts for $125m Singapore crude transfer revamp Swiss contractor Allseas and Norway’s DOF have clinched contracts from Aster Chemicals & Energy to renew the single buoy mooring (SBM) and subsea pipeline system serving Bukom Island, Singapore. The scope includes engineering, installation and commissioning of new infrastructure linking the offshore facility —…

  • Costamare and Cargill set course for joint dry bulk ventures

    Costamare and Cargill set course for joint dry bulk ventures Costamare Bulkers has signed a wide-ranging cooperation agreement with Cargill, shifting focus toward steadier earnings while deepening ties with one of the dry bulk sector’s largest charterers. The New York-listed Greek owner said the deal includes transferring to Cargill most of its trading book, covering…

  • Advantage Tankers firms fresh VLCC and suezmax orders in South Korea

    Advantage Tankers firms fresh VLCC and suezmax orders in South Korea Geneva-based Advantage Tankers has stepped up its move into the large tanker segment with fresh orders in South Korea, adding one very large crude carrier (VLCC) and two suezmaxes to its books. Industry sources said the Tugrul Tokgoz-led outfit has exercised an option for…

  • Scorpio Tankers banks $122m from LR2 sales

    Scorpio Tankers banks $122m from LR2 sales Scorpio Tankers has agreed to sell two 2019-built LR2 product tankers, taking advantage of firm secondhand prices to strengthen its balance sheet. The New York-listed owner said the scrubber-fitted STI Lobelia and STI Lavender were sold for $61.2m each. Deliveries to the new owners are scheduled for the…

  • Carsten Rehder inks $62m MPP order in India

    Carsten Rehder inks $62m MPP order in India German owner Carsten Rehder Schiffsmakler und Reederei has expanded its methanol-ready multipurpose newbuilding programme in India, contracting four firm units with options for two more at Garden Reach Shipbuilders & Engineers (GRSE). The deal will see the Hamburg-based company pay $62.4m to the Kolkata yard, with deliveries…

  • Solstad secures DeepOcean CSV extension

    Solstad secures DeepOcean CSV extension Norwegian offshore vessel owner Solstad Maritime has landed a fresh contract extension with subsea services player DeepOcean for the construction support vessel (CSV) Normand Ocean. The Oslo-listed company said the new deal will run for 12 months starting January 2026, continuing directly from the vessel’s current charter. The 2014-built CSV…

  • 2020 Bulkers cuts feet in half with $209m newcastlemax sale

    2020 Bulkers cuts feet in half with $209m newcastlemax sale Norwegian shipowner 2020 Bulkers has agreed to sell three of its scrubber-fitted newcastlemax vessels for a combined $209m. The Oslo-listed company confirmed the sale of the 2019-built Bulk Sandefjord and Bulk Santiago, along with the 2020-built Bulk Shenzhen, to an unnamed third party. All three…

  • Petter Mowinckel steps up to lead Kristian Gerhard Jebsen Skipsrederi

    Petter Mowinckel steps up to lead Kristian Gerhard Jebsen Skipsrederi Norwegian shipowner Kristian Gerhard Jebsen Skipsrederi (KGJS) has appointed Petter Mowinckel as chief executive officer, effective 1 October 2025. Mowinckel, who joined the Bergen-based company in August 2024 as chief commercial officer, succeeds Ørjan Lunde. Lunde stepped down earlier this year and has since rejoined…

  • KNOT Offshore Partners bags Equinor charter extension

    KNOT Offshore Partners bags Equinor charter extension Shuttle tanker player KNOT Offshore Partners has firmed up its backlog with Equinor after agreeing to extend the charter of one of its vessels to March 2029. The deal covers the 2011-built Bodil Knutsen and also includes two further one-year options. The New York-listed company said the extension…

  • Latsco ends MR order drought with K Shipbuilding deal

    Latsco ends MR order drought with K Shipbuilding deal Greek shipowner Latsco Shipping has returned to the product tanker newbuilding market after nearly a decade, with sources linking the company to a fresh order at South Korea’s K Shipbuilding. Shipbuilding players in Athens and Seoul said Latsco, controlled by the Latsis family and led by…

  • TechnipFMC bags work on Exxon’s seventh Guyana project

    TechnipFMC bags work on Exxon’s seventh Guyana project Offshore contracting giant TechnipFMC has been awarded a contract to supply subsea production systems for ExxonMobil’s Hammerhead development in Guyana’s Stabroek Block. TechnipFMC will provide project management, engineering, and manufacturing of subsea production systems supporting both production and water injection capabilities. The subsea architecture will include products…

  • UNCTAD warns shipping is entering a period of fragile growth and mounting uncertainty

    UNCTAD warns shipping is entering a period of fragile growth and mounting uncertainty Global shipping is entering a period of fragile growth, rising costs and mounting uncertainty, according to The Review of Maritime Transport 2025 released yesterday by UN Trade and Development (UNCTAD). After firm growth last year, seaborne trade is expected to stall in…

  • Idan Ofer’s EPS moves on full CoolCo takeover

    Idan Ofer’s EPS moves on full CoolCo takeover Israeli billionaire Idan Ofer is moving to take LNG carrier owner Cool Company (CoolCo) private through his investment arm EPS Ventures. EPS, which already controls nearly 60% of CoolCo, is in advanced talks to buy out the remaining shares at $9.65 each in cash. The offer values…

  • Reach Subsea orders two more USVs from Kongsberg

    Reach Subsea orders two more USVs from Kongsberg Norwegian offshore services player Reach Subsea has exercised the first in a series of options with Kongsberg Maritime to order two more uncrewed surface vessels (USVs). The contract terms for the USVs, to be named Reach Remote 3 and Reach Remote 4, have been mutually agreed upon…

  • Bulker crew stranded in Nigeria without pay for three months

    Bulker crew stranded in Nigeria without pay for three months The crew of the 2008-built bulker Eleen Armonia has been stranded in Nigeria for more than three months without receiving salaries. According to an email sent to Splash from a crew representative, many crew contracts have already expired, but the owner of the Liberian-flagged vessel…

  • Seatrium offloads US shipyard to Karpowership

    Seatrium offloads US shipyard to Karpowership Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would allow the company to enhance capital and operational efficiencies while unlocking value from one of…

  • Diana Shipping charters out kamsarmax to NYK Line

    Diana Shipping charters out kamsarmax to NYK Line Greek bulker owner Diana Shipping has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its kamsarmax dry bulk vessels. The company hired the 2014-built, 82,165 dwt bulker Leonidas P. C. The gross charter rate is $14,000 per day, minus…

  • Vogemann linked to six kamsarmaxes at Hengli Heavy

    Vogemann linked to six kamsarmaxes at Hengli Heavy German shipowner Vogemann has reportedly returned to China for another round of bulk carrier newbuildings, with reports linking the Hamburg-based company to a fresh series of kamsarmax orders at Hengli Heavy Industries in Dalian. Shipbroking and market sources suggest Vogemann has committed to six 82,000 dwt vessels…

  • Vehicle shipping player Polaris launches dry bulk arm

    Vehicle shipping player Polaris launches dry bulk arm Polaris International is diversifying its shipping portfolio with the official entry into the dry bulk market and the launch of Polaris Bulkers The move marks a strategic expansion for Polaris, best known for its automotive logistics division, Polaris Autoliners. The new dry bulk venture will operate out…

  • Fredriksen and Greece’s top shipowners spearhead revolt against IMO’s Net Zero Framework

    Fredriksen and Greece’s top shipowners spearhead revolt against IMO’s Net Zero Framework Some of the biggest names in world shipping are rallying against the International Maritime Organization’s (IMO) flagship Net-Zero Framework (NZF), just weeks before it comes up for adoption in October. John Fredriksen’s Frontline, George Economou’s TMS Group, Evangelos Marinakis’s Capital Maritime & Trading,…

  • UK to debut an electric shipping route

    UK to debut an electric shipping route NatPower Marine and Peel Ports Group are set to commence installation of shore power at Heysham port this month, with the first plug live in the initial phase and expansion to four across all berths, by 2026. This will enable all Heysham routes within the Irish Sea to…

  • Beirut blast shipowner arrested in Bulgaria five years after port tragedy

    Beirut blast shipowner arrested in Bulgaria five years after port tragedy Bulgarian authorities have arrested Igor Grechushkin, the Russian owner of the cargo ship tied to the 2,750 tonnes of ammonium nitrate that caused the catastrophic Beirut port explosion in August 2020, Lebanese judicial officials confirmed yesterday. Grechushkin, who also holds Cypriot citizenship, was detained…

  • Quadrise names Peter Borup as CEO

    Quadrise names Peter Borup as CEO Low-emission fuels and biofuels supplier Quadrise has appointed Peter Borup as its chief executive officer. Borup, who will take the CEO seat on October 1, is an accomplished international CEO with over 30 years of experience in the shipping industry. He began his career at A.P. Moller-Maersk, rising to…

  • EuroDry sheds 21-year-old panamax

    EuroDry sheds 21-year-old panamax Nasdaq-listed Greek dry bulk owner EuroDry has sold one of its panamax vessels to an undisclosed buyer. The Aristides Pittas-led company said that it signed an agreement to sell the 2004-built 76,466 dwt Eirini P. bulker to an unaffiliated third party. According to the company, the vessel was sold for approximately…

  • Minerva Marine firms up feeder options at Yangzijiang

    Minerva Marine firms up feeder options at Yangzijiang Minerva Marine has added two more feeder container ships to its orderbook at Yangzijiang Shipbuilding, lifting the total number of firm newbuildings in its programme to six. The Greece-based owner, led by Andreas Martinos, has now firmed up a second pair of 1,800 teu vessels at the…

  • CY Shipping and BigLift double down on heavylift fleet expansion

    CY Shipping and BigLift double down on heavylift fleet expansion CY Shipping and BigLift Shipping are adding two more new heavylift vessels to their joint fleet, bringing the total to eight ships. The newbuilds are scheduled for delivery in the first and third quarters of 2028, respectively. As with the earlier vessels of the so-called…

  • Subsea7 scores Aramco contract worth up to $1.25bn

    Subsea7 scores Aramco contract worth up to $1.25bn Subsea7 has landed a major engineering, procurement, construction, and installation (EPCI) contract from Aramco, covering offshore facilities in Saudi Arabia. The award falls under Subsea7’s long-term agreement (LTA) with the state-owned operator, the Oslo-listed company said. The contract scope includes approximately 106 km of infield and export…

  • Wison New Energies, H2Carrier team up to develop green ammonia FPSO

    Wison New Energies, H2Carrier team up to develop green ammonia FPSO China’s Wison New Energies and Norwegian firm H2Carrier have launched a new initiative to deliver a 500MW green ammonia FPSO. In this collaboration, Wison is uniquely positioned to provide engineering and design, as well as construction and integration of the works for the Green…

  • Lauro and Livanos among shipping heavyweights signing up for Trøim’s new VLCC venture

    Lauro and Livanos among shipping heavyweights signing up for Trøim’s new VLCC venture Tor Olav Trøim is ramping up his return to the tanker business with plans to take a new VLCC venture public, backed by a roster of well-known shipping names. Trøim’s Oslo-listed vehicle Bruton is preparing to merge its two dual-fuel VLCC newbuildings…

  • Tsakos adds to VLCC orderbook at Hanwha Ocean

    Tsakos adds to VLCC orderbook at Hanwha Ocean Greece’s Tsakos Energy Navigation (TEN) has expanded its VLCC newbuilding programme at South Korea’s Hanwha Ocean, adding one firm vessel and securing an option for a fourth. The new order builds on the two 320,000 dwt units TEN booked at the yard earlier this year. Those ships,…

  • Ciner charts return to boxships with China newbuilds

    Ciner charts return to boxships with China newbuilds Turkish industrial conglomerate Ciner Group is poised to re-enter the container shipping market with two 3,100 TEU vessels at China’s New Dayang Shipyard. Boxship newbuilding players estimate each ship at around $44m, with deliveries expected in late 2027. While the exact design details remain under wraps, sources…

  • Turkey’s GSD Marin returns to Japan for fresh ultramax order

    Turkey’s GSD Marin returns to Japan for fresh ultramax order Turkish bulker owner GSD Marin has returned to Japan for another ultramax order, signing a deal with Nihon Shipyard for a 64,000 dwt newbuild due in 2029. The Istanbul-listed subsidiary of GSD Holding already has a similar ship on order at the same yard, a…

  • Scorpio Tankers offloads modern MR for $42m

    Scorpio Tankers offloads modern MR for $42m Monaco-headquartered Scorpio Tankers has struck a deal to sell one of its modern MR product carriers. The New York-listed company is selling the 2020-built scrubber-fitted STI Maestro to an unnamed buyer for $42m, with the sale expected to close in the fourth quarter. Brokers have linked the vessels…

  • Anglo Teck merger creates top five global copper producer

    Anglo Teck merger creates top five global copper producer Global mining group Anglo American and Canadian miner Teck Resources have agreed to merge in a deal that will create one of the world’s largest copper producers with a combined market value of over $53bn. The combined group, to be named Anglo Teck, will rank among…

  • Navios Partners snaps up boxship newbuild resales in $460m deal

    Navios Partners snaps up boxship newbuild resales in $460m deal Greece’s Navios Maritime Partners has confirmed its latest move in the boxship newbuilding market with four ships snapped up in a $460m resale deal. The Angeliki Frangou-led outfit is paying $115.1m apiece for the 8,850 teu methanol-ready and scrubber-fitted vessels from an undisclosed third party.…

  • Spanish ports closed to arms for Israel

    Spanish ports closed to arms for Israel Spain has banned ships and aircraft carrying weapons or military-grade fuel to Israel from calling at Spanish ports or entering its airspace due to Israel’s nearly two-year-long military offensive in Gaza. “There is a difference between defending your country and bombing hospitals or starving innocent children,” Spanish prime…

  • The winners and losers among European ports from this year’s liner alliance reshuffle

    The winners and losers among European ports from this year’s liner alliance reshuffle At the start of the year, there was the largest alliance reshuffle among global liners in more than a decade. As the year has progressed, it has become apparent that this redrawing of the global liner map has had some winners and…

  • Scorpio Tankers boosts coverage with LR2 charter-out deal

    Scorpio Tankers boosts coverage with LR2 charter-out deal Monaco-headquartered product carrier major Scorpio Tankers has secured a five-year charter for one of its LR2 product carriers at a rate of $28,350 per day. The New York-listed owner said the 2014-built, 110,000 dwt STI Orchard has been fixed to an undisclosed charterer, with the contract starting…

  • Evalend swells suezmax orderbook in South Korea

    Evalend swells suezmax orderbook in South Korea Greek owner Evalend Shipping has bolstered its suezmax newbuilding orderbook in South Korea, with two additional units lined up for construction at HD Hyundai Samho. Shipbuilding sources have named the Kriton Lendoudis-led company behind the recently announced order for a pair of 157,000 dwt newbuilds with delivery expected…

  • DOF bags Equinor PSV extensions

    DOF bags Equinor PSV extensions Norwegian offshore vessel owner DOF has landed contract extensions with Equinor for two of its long-serving platform supply vessels. The state-backed energy major has exercised options to keep the 2009-built Skandi Flora and the 2008-built Skandi Mongstad on charter for another year, with the new firm period starting in October…

  • Wallenius Wilhelmsen wins $100m deal in Australia

    Wallenius Wilhelmsen wins $100m deal in Australia Wallenius Wilhelmsen has clinched a major logistics contract in Australia with a leading automotive manufacturer, expected to bring in revenues of more than $100m. The Oslo-listed roro and logistics group will provide vehicle processing services across Melbourne, Brisbane and Perth under a three-plus-one-year deal. Pia Synnerman, chief commercial…

  • TB Marine and Ektank sign for chemical tanker newbuilds

    TB Marine and Ektank sign for chemical tanker newbuilds German owner TB Marine and Sweden’s Ektank have signed up for 22,000 dwt methanol-ready chemical carriers to join the IceChem Tankers pool. The Danish pool operator said four ships have been contracted, with the first newbuild due in autumn 2026, and subsequent units arriving every three…

  • Hafnia swoops for 14.5% Torm stake in $311m deal with Oaktree

    Hafnia swoops for 14.5% Torm stake in $311m deal with Oaktree Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share for the block of A-shares in the Copenhagen- and…

  • Bourbon lines up newbuilds for ExxonMobil in Angola

    Bourbon lines up newbuilds for ExxonMobil in Angola French OSV owner Bourbon has strengthened its long-standing relationship with ExxonMobil in Angola with a five-year charter for newbuild crew transfer vessels. The deal will see Bourbon Mobility deliver tailor-made 34-m crewboats to shuttle personnel between Soyo and Block 15, located around 80 miles offshore. The new…

  • Fugro scores ROV deal brace with Constellation

    Fugro scores ROV deal brace with Constellation Dutch surveyor Fugro has signed two three-year contracts with offshore energy services company Constellation to support deepwater exploration activities in the Campos Basin and the Equatorial Margin off Brazil. Fugro’s work will involve deploying advanced ROVs aboard Constellation-managed vessels to carry out subsea equipment inspections, interventions, and a…

  • Carlyle moves into FPSO market with Altera acquisition

    Carlyle moves into FPSO market with Altera acquisition Global investment firm Carlyle has agreed to acquire Altera Infrastructure’s entire FPSO business, bolstering its footprint in offshore energy infrastructure. The deal, subject to customary closing conditions and regulatory approvals, includes ownership of multiple FPSOs and an FSO, as well as a 50% stake in the Altera&Ocyan…

  • BW Offshore picked as preferred FPSO supplier for Equinor project in Canada

    BW Offshore picked as preferred FPSO supplier for Equinor project in Canada Floater specialist BW Offshore has signed a head of agreement with Equinor confirming its selection as the preferred bidder for the FPSO unit for the Bay du Nord project offshore Newfoundland and Labrador, Canada. Bay du Nord, Canada’s first deepwater oil project, is…

  • Lomar taps pilot-assist tech for tanker trial

    Lomar taps pilot-assist tech for tanker trial Lomar’s tanker unit, CB Tankers, has seen one of its chemical carriers fitted with Mythos AI’s advanced pilot assistance system (APAS) as part of a year-long trial to test next-generation bridge intelligence in commercial shipping. The installation onboard the 2020-built CB Pacific marks the first deployment of APAS…

  • Caravel and Celsius form LNG bunkering JV

    Caravel and Celsius form LNG bunkering JV The Caravel Group and Celsius Tankers have formed a joint venture to co-own and operate a new fleet of LNG bunkering vessels.  The joint venture has placed a firm order for two 20,000 cu m LNG bunker vessels at China Merchants Industry Holdings and China Merchants Heavy Industry…

  • ABB and Wallenius Marine launch venture for digital fleet optimisation

    ABB and Wallenius Marine launch venture for digital fleet optimisation Swiss technology group ABB and Sweden-based ship designer and manager Wallenius Marine have formally established a new joint venture in Stockholm to expand their OVERSEA collaboration, a digital platform aimed at improving vessel efficiency and sustainability. The two companies first introduced OVERSEA in September 2022…

  • Danish shipping group USTC pushes back against press attacks

    Danish shipping group USTC pushes back against press attacks United Shipping & Trading Company (USTC), the Danish shipping and logistics group owned by the Østergaard-Nielsen family, has filed a complaint with the Danish Press Council against the daily tabloid Ekstra Bladet, accusing it of breaching press ethics in its reporting on founder Torben Østergaard-Nielsen. The…

  • Europe moves to snap back Iran sanctions

    Europe moves to snap back Iran sanctions Britain, France and Germany have triggered a 30-day process to reimpose United Nations sanctions on Iran, a move that threatens to shake up tanker markets. The so-called snapback mechanism, launched on Thursday, would reinstate wide-ranging sanctions suspended under the 2015 nuclear accord, including restrictions on oil exports, financial…

  • Mibau Stema grows bulker fleet backed by Hartmann-CSL venture

    Mibau Stema grows bulker fleet backed by Hartmann-CSL venture Denmark-based Mibau Stema Group has signed up for two new self-unloading bulk carriers at Chengxi Shipyard in China. These newbuilds will be constructed to be biofuel- and methanol-ready as part of Mibau Stema’s strategic goal to enhance transport capabilities, increase operational versatility, and transition towards more…

  • DOF scores Asia Pacific vessel deal

    DOF scores Asia Pacific vessel deal Norwegian offshore vessel owner DOF has secured a long-term charter for the construction support vessel (CSV) Skandi Inventor in the Asia-Pacific region. The deal, signed with an unnamed international operator, runs for one year from January 2026 and includes extension options. DOF classifies the award as “substantial,” with an…

  • Himalaya switches newcastlemax brace to fixed deals

    Himalaya switches newcastlemax brace to fixed deals Himalaya Shipping is continuing its shift from index-linked earnings, converting two more newcastlemaxes to fixed-rate charters. The Tor Olav Troim-backed, Oslo-listed owner said the vessels will move onto fixed hire from October 1 until the end of the year. The two dual-fuel ships will earn an average of…

  • Eagle S trial exposes voyage data recorder blackout during Baltic rampage

    Eagle S trial exposes voyage data recorder blackout during Baltic rampage The trial has kicked off in Helsinki for the captain and two officers of the Russian-linked oil tanker Eagle S, accused of dragging its anchor across the seabed and severing critical undersea cables between Finland and Estonia last Christmas. Finnish prosecutors say the Cook…

  • OrbitMI expands with Gale Force acquisition

    OrbitMI expands with Gale Force acquisition US-based maritime software company OrbitMI has acquired Swedish advisory firm Gale Force, expanding its portfolio in voyage optimisation and environmental compliance. The deal follows OrbitMI’s recent purchase of AI specialist AuQub and reflects the company’s strategy to blend maritime expertise with digital tools for shipowners and operators. Gale Force,…

  • Turkey shuts ports to Israeli-linked vessels and cargoes

    Turkey shuts ports to Israeli-linked vessels and cargoes ZIM confirmed on Monday that Turkish authorities have barred Israeli-linked vessels from entering the country’s ports, in the latest escalation of Ankara’s sanctions against Israel. The Haifa-based line, the world’s ninth-largest container carrier, said that vessels that are either owned, managed or operated by an entity related…

  • Northern Lights marks first CO2 storage offshore Norway

    Northern Lights marks first CO2 storage offshore Norway Northern Lights JV has achieved a key milestone, injecting the first volumes of carbon dioxide into its offshore storage site in the Norwegian North Sea. The CO₂ was transported through a 100-km pipeline and injected into the Aurora reservoir, 2,600 m below the seabed. “Our ships, facilities…

  • Euroseas adds to 4,300 teu newbuild series

    Euroseas adds to 4,300 teu newbuild series Greek containership owner Euroseas has returned to Jiangsu New Yangzi Shipbuilding in China for two additional 4,300 teu newbuilds. The Nasdaq-listed company said the vessels, priced at about $59.25m apiece, are due for delivery in March and May 2028. Financing will be arranged through a mix of debt…

  • Capital Clean Energy Carriers seals boxship sale and gas carrier financing

    Capital Clean Energy Carriers seals boxship sale and gas carrier financing Evangelos Marinakis-backed Capital Clean Energy Carriers (CCEC) has agreed the sale of one of its three neo-panamax containerships and lined up financing for its medium gas carrier (MGC) newbuilding programme. The Nasdaq-listed Greek owner has struck a deal to sell the 2022-built 13,312 teu…

  • Champion Tankers takes options on final two MR newbuilds in China

    Champion Tankers takes options on final two MR newbuilds in China Norway’s Champion Tankers has wrapped up its latest round of fleet renewal, declaring options for the final two ships in a series of MR tankers ordered at Penglai Jinglu Shipyard in China. The Bergen-based private company, led by Karl Lodrup Kvalheim, will now take…

  • APM Terminals seals $1bn ports deal in India

    APM Terminals seals $1bn ports deal in India Maersk’s port operating arm, APM Terminals, has signed a memorandum of understanding with India’s Andhra Pradesh Maritime Board to invest 9,000 crore (around $1.1bn) in the development of three key ports in the state. The agreement, inked in the presence of chief minister N Chandrababu Naidu, covers…

  • Shipping and mining powerhouses locked in for iron ore finale at Geneva Dry 2026

    Shipping and mining powerhouses locked in for iron ore finale at Geneva Dry 2026 Panels are beginning to coalesce for next April’s Geneva Dry, the world’s premier commodities shipping conference. As in past editions, the two-day event will close with a very high level session on iron ore, the largest shipped dry bulk commodity, with…

  • CMA CGM invests in US bio-LNG supplier

    CMA CGM invests in US bio-LNG supplier French liner giant CMA CGM is making a strategic minority investment in US-based Vanguard Renewables through its energy fund PULSE, securing long-term access to volumes of renewable natural gas (RNG). Vanguard, which runs anaerobic digesters powered by farm and organic waste, will dedicate up to four projects to…

  • European refiners could drive green hydrogen momentum, with maritime sector playing important role

    European refiners could drive green hydrogen momentum, with maritime sector playing important role European refiners are expected to become significant producers and buyers of green hydrogen, with the maritime sector offering growth potential. The post European refiners could drive green hydrogen momentum, with maritime sector playing important role appeared first on Offshore Energy. Naida Hakirevic…

  • Tanker hit in Russian drone strike on Izmail port

    Tanker hit in Russian drone strike on Izmail port A Panama-flagged chemical/oil products tanker has reportedly been severely damaged in Russian drone strike at the port of Izmail, Ukraine. The 7,842 dwt Excellion was moored at the eastern pier of the Izmail Oil Transshipment Complex during the early hours of August 20 when a series…

  • C Transport Maritime: Radziwill’s take on tariffs and dry bulk

    C Transport Maritime: Radziwill’s take on tariffs and dry bulk Donald Trump’s tariffs have had a surprising effect on the shipping’s largest sector, argues one of the most famous names in dry bulk in today’s Maritime CEO interview. “The shifts in global trades they caused have helped improve the dry bulk freight supply/demand picture mostly…

  • Golden Ocean name consigned to history after CMB.TECH takeover

    Golden Ocean name consigned to history after CMB.TECH takeover One of the world’s most famous names in shipping has disappeared following a shareholder vote yesterday in Bermuda.  Golden Ocean Group, originally founded in 1978 by Fred Cheng before being sold under Chapter 11 protection to John Fredriksen’s Frontline in 2000, has now been folded into…

  • TMS Cardiff Gas and Celsius tied to $1.5bn Samsung LNG orders

    TMS Cardiff Gas and Celsius tied to $1.5bn Samsung LNG orders Two well-known names in LNG shipping have been linked to fresh orders at Samsung Heavy Industries, as newbuilding activity in the gas carrier segment shows signs of life. The South Korean yard confirmed this week it had secured contracts for six 174,000 cu m…