krogragg

Category: Europe

  • Performance Shipping tanker heads to Pakistan under year-long charter

    Performance Shipping tanker heads to Pakistan under year-long charter Greece’s Performance Shipping has secured a fresh time charter for one of its tankers, agreeing a year-long fixture with Pakistan National Shipping Corporation (PNSC). The 105,304 dwt LR2/aframax P Aliki has been fixed at a daily rate of $30,000 for a firm period of 12 months,…

  • Xeneta acquires eeSea

    Xeneta acquires eeSea Xeneta has acquired fellow Scandinavian maritime and supply chain data company eeSea. By adding eeSea’s global schedule, transit time and reliability data to its existing range of freight rate data, Xeneta said in a release it will enable BCO procurement teams to manage freight contracts and suppliers based on service levels, and…

  • Ukraine targets Caspian port in strike on Russian drone supply chain

    Ukraine targets Caspian port in strike on Russian drone supply chain Ukraine’s Special Operations Forces have struck the Russian port of Olya in the Astrakhan region, destroying a vessel loaded with components for Iranian-made Shahed drones and ammunition. The attack, carried out on August 14 in coordination with other elements of Ukraine’s Defense Forces, hit…

  • Shipping navigates net-zero waters without US support

    Shipping navigates net-zero waters without US support The US decision to go public on its offensive against the International Maritime Organization’s proposed net-zero framework has created considerable debate within the shipping community.  Various ministers within the Donald Trump administration issued a joint statement this week branding the plan a “global carbon tax on Americans” and…

  • Ocean Yield moves deeper into LNG via 10-ship CapeOmega deal

    Ocean Yield moves deeper into LNG via 10-ship CapeOmega deal Norwegian shipleasing specialist Ocean Yield and KKR-managed vehicles have agreed to acquire CapeOmega Gas Transportation from private equity firm Partners Group, expanding their exposure to the LNG sector. CapeOmega holds joint ownership in a fleet of ten 174,000 cu m LNG carriers operated by Knutsen.…

  • Shipping’s biggest names set to return to Geneva Dry

    Shipping’s biggest names set to return to Geneva Dry Sign-ups to next year’s Geneva Dry – the world’s premier commodities shipping summit – are pouring in with organisers finalising the session line-ups for dry bulk’s biggest annual gathering. With hundreds of delegates already confirmed for the April 28 – 29 event, the 2026 edition is…

  • Diana Shipping charters out post-panamax to Oldendorff

    Diana Shipping charters out post-panamax to Oldendorff Greek bulker owner Diana Shipping has entered into a time charter contract with Oldendorff Carriers for one of its post-panamax vessels. The company hired the 2012-built, 98,704 dwt bulker Polymnia. The gross charter rate is $14,000 per day, minus a 5% commission paid to third parties, until a minimum…

  • Leadership change at Blue Water Shipping

    Leadership change at Blue Water Shipping Danish shipping and logistics group Blue Water has appointed Thomas Bek as its new chief executive, succeeding Søren Nørgaard Thomsen, who steps down after seven years at the helm. Bek, who started as a freight forwarding trainee with Blue Water 29 years ago, takes over immediately. For the past…

  • Eagle S officers charged over Baltic cable sabotage

    Eagle S officers charged over Baltic cable sabotage Finnish prosecutors have charged the captain and two senior officers of the Eagle S tanker, part of Russia’s so-called shadow fleet, over the alleged destruction of critical undersea cables linking Finland and Estonia last December. The Cook Islands-flagged ship, which had sailed from Russia’s Ust-Luga with oil…

  • Diana Shipping re-fixes ultramax to Cargill at lower rate

    Diana Shipping re-fixes ultramax to Cargill at lower rate New York-listed Greek bulker owner Diana Shipping has secured a fresh charter deal with Cargill for one of its ultramaxes, albeit at a slightly reduced rate compared to its previous contract. The Semiramis Paliou-led company has fixed the 60,508 dwt DSI Pegasus until at least May…

  • Well-Safe secures multi-year EnQuest deal worth over $45m

    Well-Safe secures multi-year EnQuest deal worth over $45m Well-Safe Solutions has secured a significant decommissioning contract with EnQuest, which is expected to generate over $45m in revenue and position the company for long-term activity in the North Sea. The Aberdeen-based firm will deploy its semi-submersible rig Well-Safe Defender to carry out a minimum of 100…

  • Splash Wrap: Flags, fines and fakes

    Splash Wrap: Flags, fines and fakes Sanctions, the shadow fleet, and the many ways authorities are trying to clamp down on this illicit trade kept Splash reporters busy all week, with clear evidence that the dark fleet is growing quicker than the West can contain.  The grey fleet – as tracked by broker BRS –…

  • Norway to demand insurance disclosure from foreign tankers

    Norway to demand insurance disclosure from foreign tankers Norwegian authorities will require foreign-flagged tankers operating within the country’s economic zone to disclose their insurance arrangements starting August 11. The new rule, announced by Norway’s coastal administration, is part of a broader push to enhance maritime safety and environmental protection amid mounting concerns over the growing…

  • Centrofin builds out dry bulk orderbook at Hengli

    Centrofin builds out dry bulk orderbook at Hengli Greek bulker and tanker owner Centrofin is expanding its presence in the dry segment with a pair of kamsarmax newbuildings added to the orderbook. The Dimitris Procopiou-led company has upped its newbuilding programme at China’s Hengli Heavy Industry to eight 82,000 dwt units, following the initial order…

  • Shelf Drilling lands first Dutch North Sea deal

    Shelf Drilling lands first Dutch North Sea deal Dubai-based jackup rig operator Shelf Drilling has secured its first contract in the Dutch North Sea, landing a deal with Tenaz Energy for a one-year firm term, with an option to extend to three years. The Oslo-listed company, set to be acquired by Saudi oil and gas…

  • Maris Fiducia debuts eight-vessel investment platform

    Maris Fiducia debuts eight-vessel investment platform Maris Fiducia Finance, the investment arm of Maris Fiducia, has created a new platform for investors based on its eight-strong Bird Fleet. According to the company, the platform is for robust maritime investments, backed by real ships, long-term contracts, and a focus on sustainability. Maris Fiducia’s Bird Fleet consists…

  • DNV spins off maritime software unit as CFARER

    DNV spins off maritime software unit as CFARER Class society DNV has formally launched CFARER, a new maritime software company spun out from its former DNV Maritime Software business. The new brand becomes operational immediately, with majority ownership retained by DNV and a strategic minority stake held by Wilhelmsen Port Services. CFARER will continue to…

  • Elbdeich steps up fleet growth with newbuild brace

    Elbdeich steps up fleet growth with newbuild brace German shipowner Elbdeich Reederei has placed an order for two 5,100 teu widebeam containerships at a shipyard in the Far East, with delivery scheduled for 2027. The vessels will comply with IMO Tier III standards and be fitted with a range of fuel-saving devices, the company said…

  • North Star orders SOV pair at Vard

    North Star orders SOV pair at Vard UK-based offshore vessel operator North Star has returned to Norwegian shipbuilder Vard with an order for two new service operation vessels (SOVs) to support offshore wind operations across the UK and Europe. The newbuilds are based on the Vard 4 19 design, developed specifically for offshore wind support.…

  • BP and JERA’s offshore wind alliance takes off

    BP and JERA’s offshore wind alliance takes off Energy major BP and Japan’s largest utility JERA have completed the formation of their equally-owned offshore wind business JERA Nex BP. JERA Nex BP’s portfolio of operating assets and development projects has a net potential generating capacity of 13GW. This includes around 1GW of installed net generating…

  • Polsteam books up to six handysize bulker newbuilds in China

    Polsteam books up to six handysize bulker newbuilds in China Polish Steamship Co (Polsteam) has moved to bolster its fleet with a fresh series of handysize bulk carriers ordered at Wuhu Weihai Shipbuilding in China. The state-owned operator has signed for four firm 45,000 dwt vessels, with options for two additional units. The first ship…

  • Schoeller in for boxship newbuild brace

    Schoeller in for boxship newbuild brace Schoeller Holdings has returned to China’s Huangpu Wenchong Shipbuilding with an order for a pair of 1,900 teu containerships. The Cyprus-based owner is paying between $31m and $32m per vessel, with deliveries scheduled for 2028. The deal continues a long-standing relationship between Schoeller and the Guangzhou-based yard, which has…

  • DOF awarded new vessel contracts with Petrobras

    DOF awarded new vessel contracts with Petrobras Norwegian offshore vessel owner DOF has secured two new long-term contracts with Petrobras for AHTS vessels Skandi Fluminense and Skandi Lifter. The latest wins bring DOF’s total count of Petrobras-contracted AHTS vessels to seven. Both vessels have been awarded four-year contracts under the same competitive Petrobras tender that…

  • Norwind Offshore clinches CSOV deal with Semco unit

    Norwind Offshore clinches CSOV deal with Semco unit Norwind Offshore has landed a charter agreement with Wind Multiplikator, the German subsidiary of Denmark’s Semco Maritime, for a newly built commissioning service operation vessel (CSOV). The vessel, Norwind Maestro, will be deployed to support operations at the 400 MW Global Tech I offshore wind farm in…

  • Diana Shipping reaches near 10% stake in Genco

    Diana Shipping reaches near 10% stake in Genco Greek dry bulk owner Diana Shipping has increased its stake in US-listed peer Genco Shipping & Trading. Filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana paid a total of around $61.7m for 4.29m of Genco’s shares, corresponding to a 9.99% stake. In…

  • Costamare reveals four-ship newbuild play in China

    Costamare reveals four-ship newbuild play in China Greek containership owner Costamare is the latest liner player to return to the newbuilding market, revealing an order for four 3,100 teu vessels from an undisclosed Chinese shipyard. The New York-listed company said in its second-quarter earnings that the newbuilds will deliver between the second and fourth quarters…

  • Discount hotel rooms go on sale for next year’s Geneva Dry

    Discount hotel rooms go on sale for next year’s Geneva Dry Special priced hotel rooms are now ready for booking for next year’s Geneva Dry, the world’s premier annual commodities shipping summit, scheduled for April 28 and 29. Organisers have secured room discounts at the Hotel President Wilson, the five-star establishment hosting the event. Facing…

  • CMA CGM eyes Hutchison Ports as MSC deal falters

    CMA CGM eyes Hutchison Ports as MSC deal falters French shipping and logistics giant CMA CGM has confirmed it is eyeing the potential acquisition of terminals from CK Hutchison, after exclusive talks between the Hong Kong conglomerate and a consortium led by BlackRock expired over the weekend.  The preliminary deal, first announced in March, involved…

  • Castor seals $14.6m leaseback for kamsarmax bulker

    Castor seals $14.6m leaseback for kamsarmax bulker Cyprus-based bulker and boxship owner Castor Maritime has completed a sale and leaseback transaction with a Japanese counterparty for one of its kamsarmaxes. The Nasdaq-listed company has struck a deal for the 2011-built Magic Thunder, with the 83,400 dwt vessel bringing in about $14.6m. The vesssel will remain…

  • Fred Olsen Windcarrier lands German wind farm deal

    Fred Olsen Windcarrier lands German wind farm deal Norwegian offshore wind installation player Fred Olsen Windcarrier has been selected by Skyborn Renewables, a German offshore wind developer of Blackrock’s Global Infrastructure Partners (GIP), to handle transport and installation of the wind turbines for the Gennaker offshore wind farm in the German Baltic Sea. The two…

  • Boskalis and Allseas to construct $1.4bn gas pipeline off Taiwan

    Boskalis and Allseas to construct $1.4bn gas pipeline off Taiwan A consortium of Boskalis and Allseas has been awarded a contract by CPC Corporation Taiwan for the second offshore gas pipeline from Yongan to Tongxiao. The total contract value is approximately €1.2bn ($1.39). This project is intended to improve the gas supply capacity in northern…

  • Wood-Sidara saga continues with more delays

    Wood-Sidara saga continues with more delays Consulting and engineering firm Wood has added another chapter to the takeover saga that has been going on since last year. Dar Al-Handasah Consultants Shair and Partners Holdings, also known as Sidara, has been courting the UK firm with different offers to sell up since April of last year.…

  • Asso.subsea scores cabling work for TenneT off Germany

    Asso.subsea scores cabling work for TenneT off Germany Greece-based offshore contractor Asso.subsea has been awarded the nearshore cable installation scope for TenneT’s three projects offshore Germany. The three projects are part of TenneT’s 2GW program and include BalWin4, LanWin1, and LanWin5, located off the northwestern coast of Baltrum Island. This also marks the beginning of…

  • Union Maritime locks in $130m financing for wind‑assisted RL2 newbuilds

    Union Maritime locks in $130m financing for wind‑assisted RL2 newbuilds Diversified UK shipowner Union Maritime has closed a $130m delivery financing package for two next‑generation LR2 tankers. The deal was led by Société Générale and the Export–Import Bank of China and arranged through a syndicated facility. The vessels are scheduled for delivery from Yangzijiang Shipbuilding…

  • Diana Shipping takes softer rate on new kamsarmax fixture

    Diana Shipping takes softer rate on new kamsarmax fixture Hot on the heels of ultramax charter deal with Cargill, Greece’s Diana Shipping has fixed one of its kamsarmaxes to Singapore-based Propel Shipping, accepting a reduced dayrate compared to the vessel’s previous employment. The New York-listed dry bulk outfit with 36 ships in its fleet has…

  • Safe Bulkers offloads ageing kamsarmax

    Safe Bulkers offloads ageing kamsarmax Greek dry bulk owner Safe Bulkers has sold one of its oldest vessels as it makes room for a wave of newbuild deliveries. The New York-listed firm is offloading the 2007 Tadotsu Tsuneishi-built kamsarmax Pedhoulas Leader to an undisclosed buyer for $12.5m. The 82,300 dwt bulker, estimated by online pricing…

  • MSC plans historic renewal of ageing feeder fleet

    MSC plans historic renewal of ageing feeder fleet The world’s largest container carrier is planning a historic renewal of its feeder fleet.  Broker Braemar is reporting a “megaproject” is in the works for Mediterranean Shipping Co (MSC) with the Soren Toft-led company looking to order up to 120 vessels ranging in size between 1,100 and…

  • Hutchison eyes Chinese strategic partner to get $22.8bn ports deal over the line

    Hutchison eyes Chinese strategic partner to get $22.8bn ports deal over the line CK Hutchison, the Hong Kong-based conglomerate, confirmed on Monday that it is in discussions to bring a “major strategic investor” from China into the bidding consortium for its $22.8bn global ports business. The move follows the expiration of a 145-day exclusivity agreement…

  • Capital Maritime takes option on HD Hyundai Mipo boxship brace

    Capital Maritime takes option on HD Hyundai Mipo boxship brace Greece’s Capital Maritime has firmed up an order for two more LNG dual-fuel 2,800 teu containerships at HD Hyundai Mipo Dockyard in South Korea, bringing its total number of newbuildings to 10. The deal is valued at around $113m, with deliveries expected in July and…

  • Diana seals Cargill ultramax fixture

    Diana seals Cargill ultramax fixture New York-listed Greek dry bulk owner Diana Shipping has signed a time charter agreement with Cargill’s shipping unit in Singapore, for one of its ultramax vessels. The 2017-built DSI Phoenix has been fixed from August 3, 2025, with a duration running from a minimum of October 1, 2026, to a…

  • Sea Legend launches China–Europe Arctic container service

    Sea Legend launches China–Europe Arctic container service Niche Chinese liner Sea Legend Shipping is set to launch a direct container service between China and northern Europe via the Northern Sea Route (NSR). The new seasonal service, expected to begin in September, will offer an 18-day transit between East Asia and Europe—nearly halving the 30 to…

  • Six new Bourbon vessels set to serve Eni’s FLNG projects in Congo

    Six new Bourbon vessels set to serve Eni’s FLNG projects in Congo French offshore vessel player Bourbon has inked a five-year contract with Eni for the renewal of its crewboat fleet with an order for six new vessels. The contract covers the charter of six new S200X-G2 units, scheduled to be commissioned progressively between June…

  • German firm seeks owners to help solve the ‘silent killer’ that is engine scuffing

    German firm seeks owners to help solve the ‘silent killer’ that is engine scuffing German condition monitoring solutions specialist CM Technologies (CMT) is seeking owners and operators to help it out in trials to capture data on one of the shipping industry’s most costly and underreported problems: cylinder liner scuffing in two-stroke engines. Scuffing, a…

  • CTM taps in-transit hull cleaning robots

    CTM taps in-transit hull cleaning robots Monaco-based dry bulk pool giant C Transport Maritime (CTM) has invested in CRABI Robotics, a US-based startup developing an autonomous hull cleaning system aimed at tackling biofouling while ships remain in transit. The partnership will also see CTM serve as a pilot partner, helping the robotics firm bring its…

  • Livestock carrier comes under fire off Yemen

    Livestock carrier comes under fire off Yemen The 49-year-old Comoros-flagged livestock carrier Merinos Livestock was approached today by a wooden boat approximately 35 nautical miles south-southwest of Hodeidah, Yemen, according to maritime security specialist Vanguard Tech. The captain reported that the small boat opened fire and instructed them to proceed to Mokha, Vanguard Tech related…

  • Russia temporarily halts Black Sea oil loadings amid sweeping port security crackdown

    Russia temporarily halts Black Sea oil loadings amid sweeping port security crackdown Reuters reported yesterday that Russia has imposed a sudden halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels — a move poised…

  • NATO warns of surging state-linked cyber threats targeting ports

    NATO warns of surging state-linked cyber threats targeting ports Ports are facing a deluge of cyber attacks from state-backed hackers, according to a new policy brief from NATO’s Cooperative Cyber Defence Centre of Excellence (CCDCOE). Handling 80% of world trade and underpinning NATO’s logistics chain, ports are now “magnets” for cyber aggression from Russia, Iran,…

  • CMA CGM and TotalEnergies set up LNG bunker venture at Europe’s busiest port

    CMA CGM and TotalEnergies set up LNG bunker venture at Europe’s busiest port French liner giant CMA CGM has teamed up with compatriot energy major TotalEnergies to form an LNG bunkering services joint venture at the port of Rotterdam. As part of the 50/50 JV, the two companies will co-own and operate a new 20,000…

  • Zara founder buys into UK ports

    Zara founder buys into UK ports The Financial Times is reporting Spanish billionaire Amancio Ortega, founder of the Zara fashion empire, has made his first move into maritime infrastructure, acquiring a 49% stake in UK port operator PD Ports through his investment arm Pontegadea. The deal sees Ortega’s family office partner with Brookfield Asset Management,…

  • Next Geosolutions takes over subsea contractor Rana

    Next Geosolutions takes over subsea contractor Rana Italy’s Next Geosolutions (NextGeo) has acquired a controlling stake in fellow subsea contractor Rana Subsea, expanding its reach and capabilities in the offshore energy support segment. The Milan-listed company, part of Naples-based Marnavi Group, has agreed to buy 75.4% of Rana Subsea. The shares were acquired from Nettuno…

  • Putin orders FSB to vet all foreign ships entering Russian ports

    Putin orders FSB to vet all foreign ships entering Russian ports Russia has tightened access to its seaports, with president Vladimir Putin signing a decree on Monday mandating that all vessels arriving from foreign ports must now obtain prior approval from the country’s Federal Security Service (FSB). The executive order, which takes effect immediately, marks…

  • Tankers International adds Lila Global VLCC to pool

    Tankers International adds Lila Global VLCC to pool VLCC pooling platform Tankers International has brought in a new partner, adding Lila Global and its recently acquired VLCC to its fleet. The addition of the 313,798 dwt Lila Kochi lifts the Tankers International VLCC pool to 29 vessels. Dubai-based Lila Global, which has been expanding its…

  • EU and UK sanction UAE-based operator of the Gabon and Comoros flags

    EU and UK sanction UAE-based operator of the Gabon and Comoros flags The European Union and the United Kingdom have sanctioned Intershipping Services, a UAE-based company that operates the flag registries of Gabon and Comoros, both of which have played a central role in supporting the opaque tanker network transporting sanctioned Russian crude. The move…

  • MSC’s boxship binge rolls on with 10 more giants ordered across China

    MSC’s boxship binge rolls on with 10 more giants ordered across China Mediterranean Shipping Company (MSC) has once again underlined its seemingly insatiable appetite for new tonnage, declaring and placing orders for a further 10 ultra-large container vessels, its orderbook now larger than the extant fleet of Ocean Network Express (ONE), the world’s sixth largest…

  • Gibson enters maritime finance with RMK merger

    Gibson enters maritime finance with RMK merger UK shipbroking firm E.A. Gibson is expanding into maritime finance through a merger with RMK Maritime, a move that will see the latter rebranded as E.A. Gibson Capital from August this year. The tie-up adds capital advisory capabilities to Gibson’s service offering, reflecting a strategic step in adapting…

  • Vard books contract for two hybrid CSOVs

    Vard books contract for two hybrid CSOVs Norwegian shipbuilder Vard has secured a contract to design and build two commissioning service operation vessels (CSOVs) for an unnamed international customer. The order is valued between €100m ($116m) and €200m ($232m) and includes an option for an additional newbuild. The vessels will be of the upgraded VARD…

  • Cadeler locks in $245m charter for newest turbine installation unit

    Cadeler locks in $245m charter for newest turbine installation unit Denmark-based offshore wind vessel player Cadeler has taken early delivery of the newbuild jackup vessel and secured the units’ first long-term contract — a €210m ($245m) deal with turbine maker Vestas. The BW Group and Scorpio-backed shipowner acquired the vessel from China’s Shanghai Boqiang Heavy…

  • Moscow orders ship hull sweeps after surge in mystery blasts

    Moscow orders ship hull sweeps after surge in mystery blasts Russia’s state-run port operator FSUE Rosmorport has announced a RUB 3.16 billion ($39.5m) tender to inspect the underwater sections of vessels at key Baltic Sea ports amid mounting concerns over maritime sabotage. The sweeping safety initiative follows a string of mysterious explosions on merchant ships,…

  • Ship registry and 105 vessels among entities listed in EU’s latest Russian sanctions

    Ship registry and 105 vessels among entities listed in EU’s latest Russian sanctions The European Union officially rolled out its 18th sanctions package today, overcoming opposition from Slovakia earlier in the week. The sanctions are aimed squarely at crippling Moscow’s revenue streams and tightening the noose on its shadow fleet of sanctioned tankers  Under the…

  • Diana Shipping makes move on Genco with $46m stock play

    Diana Shipping makes move on Genco with $46m stock play Greek dry bulk owner Diana Shipping has disclosed a 7.7% equity stake in US-listed peer Genco Shipping & Trading, further stirring interest around the Manhattan-based bulker player. A recent 13D filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana has acquired…

  • MPC Container Ships spends $228m on four 4,500 teu orders in China

    MPC Container Ships spends $228m on four 4,500 teu orders in China Oslo-listed MPC Container Ships has placed a $228m order for four 4,500 teu container vessels at China’s Taizhou Sanfu Ship Engineering with secured three-year charters, as well as divesting some older tonnage while expanding its financing platform with new debt facilities totalling over…

  • Navigator and Amon Maritime team up for ammonia carrier newbuilds

    Navigator and Amon Maritime team up for ammonia carrier newbuilds New York-listed handysize gas carrier owner and operator Navigator Holding has formed a joint venture with Norway’s Amon Maritime for two newbuild ammonia-fuelled liquefied ammonia carriers. The JV, named Navigator Amon Shipping, has placed an order with Nantong CIMC Sinopacific Offshore & Engineering for two…

  • Fugro surveys to help develop Ireland’s offshore grid

    Fugro surveys to help develop Ireland’s offshore grid Dutch surveyor Fugro has been awarded a seven-year framework agreement with Ireland’s state-owned electricity transmission operator EirGrid. The agreement is for a full suite of geo-data surveys for the “Powering Up Offshore – South Coast” project. The initiative will develop offshore electricity substations and export cable routes…

  • Trump threatens secondary sanctions in 50-day ultimatum to Putin

    Trump threatens secondary sanctions in 50-day ultimatum to Putin US president Donald Trump on Monday announced a sweeping threat to impose secondary sanctions on nations importing Russian exports — a move that could shake up global energy markets and disrupt tanker trades from the Black Sea to the Indian Ocean. Sitting beside NATO secretary-general Mark…

  • Eimskip sells feeder vessel to Portugal’s Grupo Sousa

    Eimskip sells feeder vessel to Portugal’s Grupo Sousa Icelandic carrier Eimskip has divested one of its cornerstone feeder vessels, Lagarfoss, to Portuguese logistics and maritime group Grupo Sousa. The 875 teu vessel, built in 2014 by Rongcheng Shenfei Shipbuilding, is set to change ownership by September. While financial details of the sale remain confidential, Eimskip…

  • Advantage Tankers bolsters VLCC orderbook

    Advantage Tankers bolsters VLCC orderbook Geneva-based Advantage Tankers has returned to South Korea’s Hanwha Ocean with a fresh order for another VLCC newbuilding as part of a growing strategic push into the larger tanker segment. Industry sources report that the Tugrul Tokgoz-led company has declared an option for a third 320,000 dwt unit at the…

  • Chartworld eyes New Dayang boxships

    Chartworld eyes New Dayang boxships Greece’s Chartworld Shipping is returning to the newbuilding arena with plans to bolster its container fleet, reportedly lining up a deal for a quartet of 3,100 teu vessels at Chinese builder New Dayang. Athens-based shipbroking sources report that the Kollakis brothers-led diversified owner has signed a letter of intent covering…

  • Splash Wrap: Red Sea attacks lead coverage

    Splash Wrap: Red Sea attacks lead coverage The global shipping industry has been rocked by two deadly attacks this week in the Red Sea, with Yemen’s Houthi rebels launching their first campaign against merchant shipping of the year, sinking two bulk carriers, killing at least three seafarers, wounding others, and reportedly kidnapping crew. A new…

  • HD Hyundai deepens robotics push with German partnership as shipyard humanoids take shape

    HD Hyundai deepens robotics push with German partnership as shipyard humanoids take shape As labour shortages continue to challenge the shipbuilding sector, South Korea’s HD Hyundai has doubled down on robotics innovation, announcing a strategic partnership with German cognitive robotics pioneer NEURA Robotics and sister firm HD Hyundai Robotics. The three-way collaboration aims to develop…

  • Ørsted secures $3bn in financing for offshore wind farm in Taiwan

    Ørsted secures $3bn in financing for offshore wind farm in Taiwan Danish offshore wind developer Ørsted has secured TWD 90bn ($3bn) in financing for the 632MW Greater Changhua 2 wind farm off Taiwan. The financing deal was arranged with 25 banks and five export credit agencies and covers part of the financing for the project.…

  • Toro ships out LPG carrier to tanker spin-off Robin Energy

    Toro ships out LPG carrier to tanker spin-off Robin Energy Nasdaq-listed owner Toro Corp is selling one of its LPG carriers in an $18m deal involving affiliated parties. The Petros Panagiotidis-led spinoff of Cyprus-based Castor Maritime is offloading the 2015-buit 5,000 cu m Dream Syrax to a subsidiary of Robin Energy, a Nasdaq-listed entity controlled…

  • Trafigura takes stake in ZeroNorth

    Trafigura takes stake in ZeroNorth Global commodities powerhouse Trafigura has taken a strategic equity stake in a well-known vessel optimisation brand, ZeroNorth. The new partnership will see ZeroNorth’s platform deployed across Trafigura’s controlled fleet of over 350 vessels, including its voyage optimisation systems, emissions analytics and vessel reporting tools. While financial terms of the transaction…

  • Navios Maritime adds to South Korean boxship newbuild series

    Navios Maritime adds to South Korean boxship newbuild series Greece’s Navios Maritime Partners is ramping up its exposure in the container shipping sector with a fresh order for four modern boxships at South Korea’s HJ Shipbuilding & Construction. The Angeliki Frangou-led company is understood to have signed for four 8,000 teu vessels, in a deal…

  • EDF delays French offshore wind farm commissioning by two years

    EDF delays French offshore wind farm commissioning by two years French energy major EDF has announced that the commercial commissioning of the Calvados offshore wind farm has been pushed back to late 2027. This will see the project commissioned more than two years after its original schedule. The project was previously set for start-up in…

  • World’s first hybrid solar-powered inland shipping vessel starts work

    World’s first hybrid solar-powered inland shipping vessel starts work Dutch solar innovator Wattlab and German inland shipping giant HGK Shipping have unveiled the world’s first inland vessel capable of using solar power for propulsion. The newly delivered Blue Marlin represents a major step forward in hybrid marine technology, showcasing how solar energy can be integrated…

  • Heidmar enters ownership space with first boxship acquisition

    Heidmar enters ownership space with first boxship acquisition Athens-based pool operator and shipmanager Heidmar has announced its first-ever vessel acquisition, marking a strategic shift in the Nasdaq-listed company’s evolution from pure-play management to asset-backed operations. The Pankaj Khanna-led outfit has struck a deal to buy the 2008-built 1,702 teu feeder containership A Obelix for $25.25m.…

  • Danes press ahead with project to ship CO2 in containers

    Danes press ahead with project to ship CO2 in containers Danish firm DecarbonICE is looking to develop a full CO2 transport value chain with the gas in solid form, otherwise known as dry ice. The company wants to show the benefits of this kind of transfer compared to transporting CO2 in liquid form in pressurised…

  • Emerging Greek owner Venergy steps into newbuild market with MRs in South Korea

    Emerging Greek owner Venergy steps into newbuild market with MRs in South Korea Venergy Maritime, the Greece-based tanker newcomer led by Vyron Vasileiadis, has placed its first newbuilding order, contracting two MR product tankers at South Korea’s K Shipbuilding. The firm order for the 50,000 dwt pair is for delivery in the first quarter of…

  • New maritime electrification alliance out to change zero-emission game

    New maritime electrification alliance out to change zero-emission game Four maritime associations have launched the Global Alliance for Maritime Electrification (GAME), a coalition of nonprofit organisations looking to accelerate the electrification of maritime transportation. The new alliance will initially focus on inland, nearshore, and commercial vessels and push for zero-emission solutions through coordinated research, policy…

  • DP World to take helm of NovaAlgoma Cement Carriers

    DP World to take helm of NovaAlgoma Cement Carriers P&O Maritime Logistics, a unit of ports and logistics heavyweight DP World, has acquired a controlling stake in NovaAlgoma Cement Carriers (NACC), the leading operator of pneumatic cement carriers, in a move that positions the Dubai-based group deeper into infrastructure-driven dry bulk trades. The transaction, with…

  • Maersk Tankers brings technical ops in-house as ammonia fleet takes shape

    Maersk Tankers brings technical ops in-house as ammonia fleet takes shape Denmark’s Maersk Tankers is set to establish in-house technical management operations as it prepares to take delivery of very large ammonia carriers (VLACs) and seeks tighter alignment between technical expertise and commercial ambitions. The move marks a pivot from the company’s 2021 decision to…

  • Stainless Tankers pledges shareholder return after third sale

    Stainless Tankers pledges shareholder return after third sale Oslo-listed Stainless Tankers has inked a deal to sell its 2008-built J19 stainless steel chemical tanker Gwen for $16.16m, marking the latest step in the company’s ongoing fleet optimisation programme. The Norway-based owner, backed by UK shipping fund Tufton, said the vessel is scheduled to be delivered…

  • Ocean Installer vessel scores offshore wind cabling work

    Ocean Installer vessel scores offshore wind cabling work Marine construction contractor Ocean Installer, a Moreld subsidiary, has won two new contracts for the North Sea Giant subsea construction vessel. The 2011-built vessel will be used in the offshore wind market for cable repair and cable installation gigs. The contracts are expected to take approximately three…

  • Limpet mine threat in the Mediterranean grows

    Limpet mine threat in the Mediterranean grows A series of suspected limpet mine attacks and unexplained blasts targeting commercial tankers in the Mediterranean has reignited concern over the evolving nature of maritime threats.  “These incidents – marked by stealth, ambiguity, and geopolitical undertones – signal a shift in the maritime risk landscape that demands a…

  • Splash Wrap: Trump leads headlines in a calmer week for shipping

    Splash Wrap: Trump leads headlines in a calmer week for shipping Compared to almost every other week of 2025, from a shipping news/geopolitical point of view this week has been comparatively calm. Nevertheless, the word Trump featured in more Splash headlines than any other word once again. The big news at the start of the…

  • New consortium to explore floating nuclear power in the Mediterranean

    New consortium to explore floating nuclear power in the Mediterranean Shipping nuclear propulsion start-up CORE POWER, ABS, and Athlos Energy have formed a consortium to evaluate the potential of floating nuclear power plants (FNPPs) to meet the energy demands of islands, ports, and coastal communities in the Mediterranean Sea. The group will research how FNPPs…

  • TGS bags offshore wind site characterisation gig off Norway

    TGS bags offshore wind site characterisation gig off Norway Oslo-listed seismic data specialist TGS has won a contract for offshore wind site characterisation, including acquisition, imaging, and interpretation services offshore Norway. The vessel Ramform Vanguard will start acquisition in early July, with a duration of approximately 25 days. The imaging and interpretation work will begin…

  • Leadership change at Belgian Shipowners’ Association

    Leadership change at Belgian Shipowners’ Association The Royal Belgian Shipowners’ Association (KBRV) has announced a change in leadership, with Loïc Van Staey appointed as its new managing director. He succeeds Wilfried Lemmens, who held the position for over a decade at the association, which counts almost all shipowners operating vessels under the Belgian flag. Van…

  • Norden flips two more ships

    Norden flips two more ships Denmark’s Norden has revealed new activity in the sale-and-purchase market with two transactions closed in the dry and wet segments, continuing a wave of disposals tied to its purchase-option strategy. The Copenhagen-listed company has offloaded one supramax bulk carrier and one MR tanker for an undisclosed sum. No further details…

  • Louis Dreyfus Armateurs sold to private equity

    Louis Dreyfus Armateurs sold to private equity One of the most famous names in French shipping has been sold to private equity. The Louis-Dreyfus family, shareholder of Louis Dreyfus Armateurs (LDA), has sold an 80% stake in the shipowner to Paris-headquartered InfraVia Capital Partners for an undisclosed sum in a deal that was first discussed…

  • MSC ramps up megamax expansion with $1.2bn shipbuilding deal in China

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  • LS Marine Solutions picks Turkish shipyard for cable layer construction

    LS Marine Solutions picks Turkish shipyard for cable layer construction South Korean subsea cable contractor LS Marine Solutions has signed a construction agreement with Turkey’s Tersan Shipyard to build a high-voltage direct current cable-laying vessel. According to the company, the new vessel will be Asia’s largest and one of the top five in its class…

  • Norway’s Amon Maritime unveils ammonia-powered bulk carrier venture

    Norway’s Amon Maritime unveils ammonia-powered bulk carrier venture Norway’s Amon Maritime has set up a new company to order ammonia-fuelled bulk carriers backed by a state grant. Named Amon Bulk, the new venture will develop two vessel types — a capesize and a kamsarmax — using a NOK253m ($25m) award from energy transition agency Enova.…

  • Denmark extends life of two more offshore wind farms

    Denmark extends life of two more offshore wind farms The Danish Energy Agency (DEA) has extended the life of two offshore wind farms, which together have been in operation for almost 50 years. The Agency has notified the owners of the Middelgrunden and Nysted offshore wind farms that it will be extending their permits for…

  • Fugro scores $340m Petrobras deal

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  • DOF lands $275m in Brazilian vessel contracts

    DOF lands $275m in Brazilian vessel contracts Norwegian offshore vessel owner DOF has picked up two significant long-term contracts in Brazil with state-controlled oil giant Petrobras, securing more than $275m in combined value. The first contract involves the 2009-built anchor handling tug supply vessel (AHTS) Skandi Logger. The vessel will enter into a four-year contract…

  • The week in shipping: Iran dominates the headlines

    The week in shipping: Iran dominates the headlines Starting today, Splash will be bringing readers a weekly wrap to digest the important shipping news of the past few days. This complements Daily Splash, our free newsletter published Monday through Friday, as well as Splash Extra, our monthly digest. Conflict with Iran dominated the headlines in…

  • Scrubber discharge ban coming to the northeast Atlantic

    Scrubber discharge ban coming to the northeast Atlantic Discharges from open-loop scrubbers will be banned in internal waters and port areas throughout the northeast Atlantic by July 2027, following a meeting of environment ministers from 15 European countries yesterday. A closed-loop discharge ban has been scheduled for no later than January 2029.  While a majority…

  • More gas for Europe as Shell turns on the taps at Norwegian field’s next chapter

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  • Fugro nets work on Eni’s deepwater gas project in the Mediterranean

    Fugro nets work on Eni’s deepwater gas project in the Mediterranean Dutch surveyor Fugro has been awarded a contract to conduct a comprehensive site characterisation programme for a deepwater gas project in the Eastern Mediterranean. The project is operated by Italian major Eni and is located off the coast of Cyprus. Geo-data acquisition is scheduled…