krogragg

Category: Europe

  • Mediterranean ECA starts

    Mediterranean ECA starts Today sees the Mediterranean Sea officially become an emission control area (ECA) for sulphur oxides (SOx). All vessels operating in the region must now comply with stricter environmental standards whereby they either use maximum 0.10% sulphur content in fuel, or use approved exhaust gas cleaning systems also known as scrubbers. In contrast…

  • Euroseas spinoff exploring strategic options including sale

    Euroseas spinoff exploring strategic options including sale Euroholdings, a Nasdaq-listed spinoff and subsidiary of Greek containership owner Euroseas, has initiated a search for strategic options for its business. The company, incorporated in March this year, said that its board, led by chairman Aristides Pittas, has launched a “comprehensive review of strategic alternatives to maximize shareholder…

  • PD Ports planning development of $260m UK offshore wind hub

    PD Ports planning development of $260m UK offshore wind hub PD Ports has revealed plans to build one of the UK’s largest offshore wind manufacturing and installation hubs – the Teesport Offshore Gateway – an investment worth around £200m ($267m). The project will unlock just shy of 730,000 sq m of development potential for a…

  • CMB.TECH sells three VLCCs

    CMB.TECH sells three VLCCs CMB.TECH has revealed it has sold three more VLCCs as part of an ongoing fleet rejuvenation programme. The sales of the 2010-built Hakata and Hakone as well as the 2012-built Iris to unidentified buyers have generated a total capital gain of $96.7m. CMB.TECH and dry bulk concern Golden Ocean aim to…

  • Norden presses on with bulker flipping

    Norden presses on with bulker flipping Danish shipping giant Norden has bagged another bulker sale after taking a purchase option on chartered-in tonnage. The Jan Rindbo-led owner and operator said it had offloaded an unnamed, previously leased handysize for an undisclosed sum in a deal that follows two similar, recently carried out asset plays. Earlier…

  • Dutch government scales back offshore wind to preserve fisheries

    Dutch government scales back offshore wind to preserve fisheries The Dutch government has reduced its offshore wind targets and removed one of the zones set for offshore wind development to give more room to the fishing sector. The authorities decided to amend their North Sea Programme and, with it, reduce the offshore wind energy target…

  • Saipem wins $590m deal for work on Eni’s UK CCS project

    Saipem wins $590m deal for work on Eni’s UK CCS project Italian offshore engineering and construction giant Saipem has won a contract from Eni for work on the Liverpool Bay CCS project in the UK. The value of the contract is estimated approximately €520m ($592m) over the three years required to complete the project. The…

  • Cairn hires EMGS for 3D survey off India

    Cairn hires EMGS for 3D survey off India Norwegian seismic service provider Electromagnetic Geoservices (EMGS) has been hired by India’s Cairn Oil & Gas to conduct a 3D controlled source electromagnetic survey for its exploration campaign in the deepwater Krishna-Godavari block on India’s east coast. Cairn will be one of the first companies in India…

  • Second edition of Geneva Dry opens today

    Second edition of Geneva Dry opens today The second edition of Geneva Dry, the world’s premier commodities shipping conference, opens today with a record attendance and delegates keen to hear what’s in store for the global trade outlook in the coming 12 months following a turbulent start to 2025. With 819 registered delegates, organisers had…

  • SteelShips back for more K Shipbuilding product tankers

    SteelShips back for more K Shipbuilding product tankers Piraeus and New York-based owner SteelShips has signed up for a fresh pair of medium-range product tanker newbuilds in South Korea. Shipbuilding sources report the Nicholas Notias-led outfit has returned to its go-to yard, K Shipbuilding, for two more 50,000 dwt units with delivery expected in 2027.…

  • Kpler wraps up Spire Maritime acquisition

    Kpler wraps up Spire Maritime acquisition Brussels-based maritime data analytics firm Kpler has closed the acquisition of Spire Global’s ship tracking business, Spire Maritime. The deal, worth about $241m, gives Kpler control over Spire’s satellites and maritime Automatic Identification System (AIS) data stream. “This milestone marks a significant step forward in Kpler’s mission to deliver…

  • All ships passing through European waters must now provide proof of insurance

    All ships passing through European waters must now provide proof of insurance The European Commission has adopted another key measure to crackdown on the so-called shadow fleet passing through its waters. The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port,…

  • Taylor Maritime offloads 11 ships

    Taylor Maritime offloads 11 ships London-listed dry bulk outfit Taylor Maritime has aligned its business with anticipated trade turbulence and taken advantage of improved market sentiment to sell 11 ships for $172.5m. The Ed Buttery-led company said that one bulker had already been delivered to its new owner, with the remaining 10 exiting the fleet…

  • CMB.TECH and Golden Ocean merging to create fleet of more than 250 ships

    CMB.TECH and Golden Ocean merging to create fleet of more than 250 ships Belgium’s CMB.TECH and one of Europe’s largest dry bulk owners, Golden Ocean, have signed a term sheet for a stock-for-stock merger that will create a maritime giant with a combined fleet of more than 250 vessels. Under the agreement, unanimously approved by…

  • Geoquip secures German North Sea wind farm contract

    Geoquip secures German North Sea wind farm contract Swiss-based offshore geotechnical data acquisition specialist Geoquip Marine has been awarded a survey contract by clean energy asset manager Luxcara for the Waterekke offshore wind farm in the German North Sea. The Njord Partners’ portfolio company, led by former PGS boss Rune Pedersen, said the work scope…

  • Two crewmen injured as OSV hits wind turbine in Dutch North Sea

    Two crewmen injured as OSV hits wind turbine in Dutch North Sea The Royal Dutch Sea Rescue Society (KNRM) has stated that it evacuated two injured crewmen from an OSV that hit the base of an offshore wind turbine in the North Sea. The 1990-built Glomar Venture, owned by the Dutch offshore support vessel player…

  • FMC classifies Chipolbrok as a controlled carrier

    FMC classifies Chipolbrok as a controlled carrier The Federal Maritime Commission (FMC) in the US has classified the Chinese-Polish Joint Stock Shipping Company (Chipolbrok) as a controlled carrier of the People’s Republic of China (PRC) and is adding it to the commission’s controlled carrier list. The company, with 31 MPPs in its fleet, is jointly…

  • Russian line founded with focus on West Africa

    Russian line founded with focus on West Africa The former chairman of FESCO has formed a shipping line to provide links between West Africa and Russia. Andrei Severilov, who founded JSC A7 Holding last year, has just debuted A7 African Cargo Lines with a first link set to be established between Novorossiysk and Nigeria’s port…

  • ScottishPower Renewables hires vessel trio for work on UK offshore wind farm

    ScottishPower Renewables hires vessel trio for work on UK offshore wind farm ScottishPower Renewables, part of Spain’s Iberdrola, has signed charter agreements with NR Marine Services and OEG to provide vessels to support the construction of the East Anglia Three offshore wind farm. The charter deals are worth over £16m ($21.2m) and all vessels will…

  • Saipem and Lamprell extend offshore cooperation with Saudi Aramco

    Saipem and Lamprell extend offshore cooperation with Saudi Aramco The Saudi giant has renewed long-term agreements with the Italian offshore engineering and construction giant Saipem and UAE-based fabricator Lamprell. Saipem’s agreement with the Saudi firm is now set to run until the end of 2027. With this renewal, the company is confirmed in the exclusive…

  • Change at the top at Britannia

    Change at the top at Britannia The Britannia Group, the world’s oldest P&I insurer, has revealed its long-term CEO, Andrew Cutler, will leave the company at the end of the year to pursue a portfolio of non-executive roles.. Cutler joined the Britannia Group in 2006 as a senior claim handler, having previously been a partner…

  • Trump’s tariffs crash world trade forecasts

    Trump’s tariffs crash world trade forecasts Many of shipping’s go-to bodies for trade forecasts are now slashing economic predictions for the year ahead in the wake of Donald Trump’s tariff war.  Creating significant alarm, the World Trade Organization (WTO) has warned global merchandise trade for 2025 could drop by as much as -1.5%, potentially becoming…

  • 54 ships abandoned so far this year

    54 ships abandoned so far this year The scourge of crew abandonment is proving very hard for global administrators to rein in. A total of 54 ships and their crews have been abandoned so far this year, according to data carried by the International Labour Organization (ILO), putting 2025 potentially on track to be the…

  • Seafarers to get 6.2% pay rise over the coming three years

    Seafarers to get 6.2% pay rise over the coming three years The International Labour Organization (ILO) has concluded the latest round of minimum wage negotiations for able seafarers at a meeting of the Subcommittee on Wages of Seafarers of the Joint Maritime Commission (JMC), held in Geneva on this week. The terms of the wage…

  • Geneva Dry Dialogues: HarborLab

    Geneva Dry Dialogues: HarborLab Antonis Malaxianakis, founder and CEO of HarborLab, a port cost management platform, is willing to do what few others in maritime tech dare – going public on return on investment (ROI) numbers, something he’ll also happily share with delegates attending Geneva Dry, due to open on April 28. HarborLab is an…

  • V.Group takes on management of International Seaways LR1 newbuilds

    V.Group takes on management of International Seaways LR1 newbuilds UK-based shipmanagement and marine services giant V.Group has secured a deal for six LR1 tanker newbuildings that US owner International Seaways expects for delivery from South Korea’s K Shipbuilding. The René Kofod-Olsen-led company will be responsible for full technical and crew management of the scrubber-fitted, LNG-ready…

  • Blystad PSV scores Shell fixture

    Blystad PSV scores Shell fixture Norwegian shipping investor Blystad Group has seen its platform supply vessel secure employment for up to six months in UK waters. The 2010-built Songa Commander, commercially and technically managed by Remøy Shipping, has been fixed to Shell for three months firm at an undisclosed dayrate. Offshore brokers report the contract,…

  • Vertom seals 15-year deal for newbuild quartet

    Vertom seals 15-year deal for newbuild quartet Dutch shipping group Vertom and Norway’s Strand Shipping have landed a 15-year charter deal with aquaculture feeds producer Skretting for four diesel-electric newbuilds. The vessels that will be deployed for the import of raw materials have been designed to reduce the environmental footprint of Skretting’s supply chain. The…

  • Diana Shipping fixes out panamax to China Resource Chartering

    Diana Shipping fixes out panamax to China Resource Chartering Greek bulker owner Diana Shipping has entered into a time charter contract with China Resource Chartering for one of its panamax vessels. The company hired the 2013-built, 77,901 dwt bulker Ismene. The gross charter rate is $11,000 per day, minus a 5% commission paid to third…

  • CMA CGM buys into Egyptian inland port

    CMA CGM buys into Egyptian inland port French shipping and logistics giant CMA CGM has agreed to buy a 35% stake in Egypt’s October Dry Port (ODP). Officially launched in November 2023, ODP is Egypt’s first dry port and the first public-private partnership project in the Egyptian transport sector under the EBRD Green Cities program.…

  • Centrofin books four suezmaxes at Samsung Heavy

    Centrofin books four suezmaxes at Samsung Heavy Greece’s Centrofin has added tanker newbuildings to its orderbook in a deal with South Korean yard Samsung Heavy Industries. Shipbuilding sources have placed the Dimitris Procopiou-led company behind the order for four suezmaxes at about $83m per ship. Samsung announced the order without disclosing the owner, with deliveries…

  • Atlas and EMF cash in on car carrier newbuilds

    Atlas and EMF cash in on car carrier newbuilds Greek owner Atlas Maritime and Danish shipping investment firm European Maritime Finance (EMF) have confirmed a lucrative asset play involving at least one of their car carrier newbuildings. The duo has revealed the delivery of the 7,000 ceu Electric Star to Noatum Maritime for an undisclosed…

  • Cyan’s Sentinel Marine contracts MPSV newbuilds in China

    Cyan’s Sentinel Marine contracts MPSV newbuilds in China Aberdeen-based offshore support vessel specialist Sentinel Marine is expanding its fleet through a deal with China’s Jiangmen Hangtong Shipbuilding for up to four multipurpose newbuildings. The shipbuilding contract involves one firm 65-m energy support vessel with options for three more units. The newbuild, which takes the company’s…

  • Contentious late night IMO meeting ends in stalemate

    Contentious late night IMO meeting ends in stalemate Splash has obtained the contentious draft text regarding how shipping will pay for its green transition, with news that a flat levy is very much off the agenda at the International Maritime Organization (IMO). A draft legal text on a package of regulations for the implementation of…

  • World’s largest ECA to stretch from Portugal to Greenland

    World’s largest ECA to stretch from Portugal to Greenland At this week’s Marine Environmental Protection Committee (MEPC) meeting held at the International Maritime Organization (IMO), the world’s biggest emission control area (ECA) has been agreed upon.  The new Northeast Atlantic ECA, due by 2027, stretches along coastlines from Portugal to Greenland (see map below), joining…

  • F. Laeisz revealed as Belships co-investor

    F. Laeisz revealed as Belships co-investor German owner F. Laeisz has emerged as a co-investor in the takeover of Norwegian dry bulk player Belships. The Nikolaus Schües-led shipping group has snapped up a 25.01% stake in the ultramax specialist following the public takeover launched by asset management firm EnTrust Global and its vehicle Blue Northern.…

  • Subsea7 extends fixture for Eidesvik JV vessel

    Subsea7 extends fixture for Eidesvik JV vessel Subsea7 has extended the contract with Eidesvik Seven Chartering, the company’s joint venture with Norwegian owner Eidesvik, for the subsea vessel Seven Viking. The Oslo-listed offshore engineering and services player has exercised the remaining option for 2026 and added 2027 as another firm year. The deal for the…

  • North Korean iron ore shipments spark sanctions

    North Korean iron ore shipments spark sanctions The government of South Korea has imposed sanctions on a non-flagged vessel the country seized for illegally transporting iron ore produced in North Korea. Sanctions were also imposed on two Chinese nationals, Sun Zhengzhe and Sun Feng, who operated the ship and Russian company LLC Consul DV, which…

  • Fire hits German boxship off Dutch coast

    Fire hits German boxship off Dutch coast A rescue mission is underway in the Dutch North Sea after an explosion triggered a fire on board a German-owned containership. The 1,368 teu 2009-built Victoria L suffered a blaze in the engine room around 13.00 hrs local time near Hoek van Holland. Two helicopters and multiple vessels…

  • Bibby unit lines up $25m vessel finance for smaller owners

    Bibby unit lines up $25m vessel finance for smaller owners BFS Marine Finance, part of Bibby Line Group’s independent funder Bibby Financial Services, has lined up £20m ($25m) to support smaller businesses within the commercial marine sector. A structured facility has been agreed with the British Business Bank to provide secured financing for fleet renewal,…

  • DOF secures CSV work offshore Australia

    DOF secures CSV work offshore Australia Norwegian offshore vessel owner DOF has won a contract award for subsea mooring installation services in the Asia-Pacific region. The contract will utilise the 2010-built construction support vessel (CSV) Skandi Hercules with related moorings and installation subsea services. The scope of work includes DOF’s in-house project management and engineering,…

  • HSM Offshore bags substation deal for 960MW UK offshore wind farm

    HSM Offshore bags substation deal for 960MW UK offshore wind farm ScottishPower Renewables, part of Spain’s Iberdrola, has awarded an engineering, procurement, construction, installation, and commissioning contract for work on the East Anglia Two offshore substation and jacket foundation to HSM Offshore Energy. HSM will deliver the 5,100-tonne offshore high-voltage substation and its 3,700-tonne jacket…

  • Euroseas seals long-term boxship charter at bumper rate

    Euroseas seals long-term boxship charter at bumper rate Greek containership owner Euroseas has bagged an improved long-term charter contract for one of its feeder vessels. The 2024 HD Hyundai Mipo-built 1,800 teu Monica has been fixed for two years plus two months of options at 23,500 per day – up from $16,000 the ship is…

  • Stena Drilling drillship wins more work off Suriname

    Stena Drilling drillship wins more work off Suriname Stena Drilling, the Aberdeen-based business of Sweden’s Stena, has won a contract for one of its drillships with subsidiaries of Shell in Suriname. The contract for the campaign was awarded to the 2008-built Stena DrillMax drillship by Shell subsidiaries KE STP Company and BG International. The deal…

  • World’s largest suction sails installed on juice carrier

    World’s largest suction sails installed on juice carrier Spanish suction sails developer bound4blue has installed the world’s largest suction sails to the Wisby Tankers-owned, 2014-built Atlantic Orchard juice carrier, currently under charter by Louis Dreyfus. The four 26-meter high eSAILs were installed in under a day per unit during the vessel’s 10-year survey at Astander…

  • Borr Drilling jackup scores 120-day contract in Benin

    Borr Drilling jackup scores 120-day contract in Benin Lime Petroleum, a subsidiary of Singapore-based Rex International, has hired a Borr Drilling-owned jackup rig for work off Benin. The oil and gas player signed a deal with a Borr Drilling subsidiary for the Gerd jackup, which will be used to work for 120 days. The rig…

  • Performance Shipping pens potential aframax sale deal

    Performance Shipping pens potential aframax sale deal Greece’s Performance Shipping has entered into a forward sale and exclusivity agreement with an unaffiliated third party for an aframax tanker. Under the agreement, the buyer ensured exclusive rights to submit a bid for the conversion of the P. Sophia tanker in an auction for the provision of…

  • ZIM fixes Economou and Ofer 11,500 teu newbuild series in $2.3bn deal

    ZIM fixes Economou and Ofer 11,500 teu newbuild series in $2.3bn deal Israeli carrier ZIM is bringing in 10 LNG dual-fuel containership newbuilds on long-term charter. The New York-listed company has struck deals worth in total about $2.3bn with George Economou’s TMS Group and a shipping player affiliated with Idan Ofer’s Kenon Holdings for a…

  • France risks missing offshore wind target without policy reform

    France risks missing offshore wind target without policy reform France is currently on course to miss its offshore wind installation target unless permitting and a more favourable investment climate is created, a new research claims. The Institute for Energy Economics for Financial Analysis (IEEFA) claimed in its new paper that France has a very low…

  • Western Bulk Chartering sells five-year-old ultramax

    Western Bulk Chartering sells five-year-old ultramax Norwegian dry bulk operator Western Bulk Chartering has sold one of its ultramax vessels to an undisclosed buyer. The company said in an Oslo Bors filing that it sold the 2020-built, 63,500 dwt Western Fuji. The Norwegian firm claimed that it realised a net profit of approximately $1.5m, following…

  • Odfjell eyes up to a dozen newbuilds in fleet renewal drive

    Odfjell eyes up to a dozen newbuilds in fleet renewal drive Norwegian chemical tanker owner and operator Odfjell is forging ahead with fleet transition plans that could likely see up to a dozen additional newbuildings join the fleet in the future. The Oslo-listed company revealed in its annual report it is considering a potential construction…

  • Purus signs for LNG carrier newbuild in South Korea

    Purus signs for LNG carrier newbuild in South Korea Purus Marine has contracted an LNG carrier newbuild in South Korea. Brokers have named the UK-based owner behind a newbuilding contract announced by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) last week. HD Hyundai Samho will build the 180,000 cu m unit for about $262m,…

  • Peder Simonsen made permanent CEO of Golden Ocean

    Peder Simonsen made permanent CEO of Golden Ocean Peder Simonsen, the acting chief executive of bulker owner Golden Ocean, will continue in the role on a permanent basis. Golden Ocean’s chief of finance, Simonsen, was named interim CEO of the Nasdaq- and Oslo-listed owner of more than 80 bulkers last May when Lars-Christian Svensen decided…

  • Octopus Energy buys into UK offshore wind farm

    Octopus Energy buys into UK offshore wind farm UK-based Octopus Energy has made another investment in the offshore wind sector, this time via the acquisition of a 10% stake in the East Anglia One wind farm. The 714MW wind farm is located 43 km off the coast of Suffolk in the East of England and…

  • Atlantica PSV fixed to Shell

    Atlantica PSV fixed to Shell Oslo-based Atlantica Shipping has seen one of its platform supply vessels contracted long-term in UK waters. Shell is taking the 2003-built Skandi Caledonia on hire for at least one year, with further extension options attached to the contract. The PSV, acquired by Atlantica in 2023 from DOF, which continues to…

  • Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns

    Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald…

  • Dong Fang Offshore orders subsea construction vessel at Vard

    Dong Fang Offshore orders subsea construction vessel at Vard Taiwanese owner and operator Dong Fang Offshore (DFO) has returned to Fincantieri-controlled Norwegian shipbuilder Vard for at least one subsea construction vessel. The subsidiary of Hung Hua Construction, with a fleet of more than 15 offshore vessels, is paying €113.5m ($126m) to see the firm vessel…

  • Nova Marine Carriers forms shipping venture with steelmaker Marcegaglia

    Nova Marine Carriers forms shipping venture with steelmaker Marcegaglia Italian-Swiss dry bulk group Nova Marine Carriers has established a joint venture with Marcegaglia for shipments of raw materials to the manufacturing sites of the Italian steelmaker. The jv called NovaMar Logistic will take over the management of the 2012-built open hatch 26,300 dwt handy bulker…

  • British maritime law firms merge

    British maritime law firms merge UK specialist maritime law firms Tatham & Co and Sea Green Law have merged into a single 22-lawyer practice. The combined entity began operating on April 1, 2025, under the Tatham & Co name. The company will be jointly led by lead partners Stephen Askins and James Hickland from Tatham…

  • US targets Russian interests moving stolen Ukrainian grain to fund the Houthis

    US targets Russian interests moving stolen Ukrainian grain to fund the Houthis The Trump administration has targeted Russian interests over grain theft from Ukraine used to support funding for the Houthis in Yemen.  The US Office of Foreign Assets Control (OFAC) yesterday added additional persons and companies to its sanction list as these were identified…

  • Saipem rakes in $720m for work in Middle East and Guyana

    Saipem rakes in $720m for work in Middle East and Guyana Italian offshore engineering and construction giant Saipem has won two brand new contracts worth approximately $720m. The first contract encompasses the engineering, procurement, construction, and installation activities for the repair of damaged subsea pipelines for an unnamed major client in the Middle East. The…

  • A.P. Moller Holding moves to take Svitzer private

    A.P. Moller Holding moves to take Svitzer private Denmark’s A.P. Moller Holding (APMH) has made an all-cash offer to take towage operator Svitzer private. The offer, valued at about $1.3bn, comes at nearly a 32% premium to Tuesday’s closing share price in Copenhagen. APMH holds 47% of shares in Svitzer, which demerged from Maersk last…

  • Geneva Dry Dialogues: Seaber

    Geneva Dry Dialogues: Seaber The tech space in dry bulk is crowded, concedes Sebastian Sjöberg, the CEO and co-founder of Seaber, a predictive AI platform providing data-driven decision support for scheduling and chartering optimisation. It’s a point evidenced by the fact that more than a third of the 58 sponsors of this year’s Geneva Dry…

  • TGS gets OBN work in Gulf of Mexico

    TGS gets OBN work in Gulf of Mexico Oslo-listed seismic data specialist TGS has kicked off a new multi-client ultra long offset OBN data acquisition campaign in the Gulf of Mexico. The so-called Amendment 4 project will expand node coverage in TGS’ multi-client library, adding over 1,100 sq km in the Mississippi Canyon, Ewing Banks,…

  • Norway’s sovereign wealth fund buys stake in two RWE offshore wind farms

    Norway’s sovereign wealth fund buys stake in two RWE offshore wind farms Norges Bank Investment Management (NBIM), the manager of the world’s largest sovereign wealth fund – often referred to as the Oil Fund – worth over $1.75trn, has bought a 49% stake in two offshore wind projects from German utility RWE. The fund bought…

  • Subsea7 awarded Northern Lights contract

    Subsea7 awarded Northern Lights contract Oslo-listed Subsea7 has won a contract from Equinor worth between $50m and $150m for the second phase of the Northern Lights CO2 transport and storage project offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation of a five-kilometre CO2 pipeline, as well as installation of integrated satellite structures, umbilicals,…

  • Fugro survey vessel arrives safely to port following grounding

    Fugro survey vessel arrives safely to port following grounding Fugro’s survey vessel, Fugro Mercator, has been towed to a shipyard for inspection following a grounding incident on March 22. After the incident occurred, the 11-strong crew were evacuated and taken ashore. Fugro said at the time that a salvage operation was being prepared together with…

  • Dolphin Drilling makes Bryce permanent CEO

    Dolphin Drilling makes Bryce permanent CEO Semisub rig owner Dolphin Drilling has appointed Jon Oliver Bryce permanent chief executive officer. Bryce stepped up from chief strategy officer to take over from Bjørnar Iversen on an interim basis in January. Before joining Dolphin Drilling, he held senior and leadership roles at Awilco Drilling and Odfjell Drilling.…

  • Borealis Maritime offloads four PSVs

    Borealis Maritime offloads four PSVs UK-based shipping asset manager Borealis Maritime has sold four of its platform supply vessels. The Christoph Toepfer-led company is shipping out the 2013-built 3,500 dwt Aurora Pearl, Aurora Diamond, Aurora Emerald and Aurora Sapphire for an undisclosed sum. The Aurora Pearl was picked up by Grupo TMM in Mexico, while…

  • Aquaterra wins well intervention work in Nigeria

    Aquaterra wins well intervention work in Nigeria UK-based Aquaterra Energy has secured a multi-year contract with Intrepid Energy Limited to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. The well access package will enable Intrepid Energy to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced…

  • Island Drilling scores Equinor contract

    Island Drilling scores Equinor contract Norwegian rig owner and operator Island Drilling has won a long-term contract from Equinor for plug and abandonment work on the Norwegian Continental Shelf. The contract, starting in the first quarter of 2026, is for a firm period of three years plus five one-year extension options. The firm deal, involving…

  • Bulgaria proposes security centre for Black Sea shipping

    Bulgaria proposes security centre for Black Sea shipping Bulgaria has proposed to establish and host a multinational maritime coordination centre aimed at ensuring the safety of shipping in the western part of the Black Sea . The proposal was made by the country’s prime minister, Rossen Zhelyazkov, after the Ukraine security summit in Paris on…

  • Depressed bunker sales point toward shakier world trade outlook

    Depressed bunker sales point toward shakier world trade outlook The tide has turned for bunker sales and prices, an indication that global seaborne trade is on shakier ground this year.  “Bunker prices tell the tale of a softening market,” broker BRS noted in a new report.  As of yesterday, 0.5% very low sulphur fuel oil…

  • One month countdown to Geneva Dry

    One month countdown to Geneva Dry There’s just one month to go until this year’s largest gathering of charterers and shipowners takes place in the Swiss city of Geneva. Geneva Dry, the world’s premier commodities shipping conference, is scheduled for April 28 and 29 at the Hotel President Wilson with close to 300 companies already…

  • Tsakos presses on with fleet renewal

    Tsakos presses on with fleet renewal Greek owner Tsakos Energy Navigation (TEN) has confirmed market rumours about the sale of one of its oldest suezmax tankers with additional divestment of ageing tonnage potentially on the horizon as part of the company’s fleet renewal programme. The New York-listed company said in its quarterly earnings report that…

  • Ingka, Oxan, and Avapa to develop two floating wind farms off Italy

    Ingka, Oxan, and Avapa to develop two floating wind farms off Italy IKEA owner Ingka Investments and French offshore wind developer Oxan Energy have partnered with Avapa Energy on two floating offshore wind development projects in Italy. The projects have the potential to reach a total installed capacity of 2.45GW. The two offshore wind projects…

  • Shell chooses McDermott for engineering and procurement services

    Shell chooses McDermott for engineering and procurement services Houston-based offshore contractor McDermott has been selected by UK supermajor Shell for an enterprise framework agreement for engineering and procurement services and integrated project management team services. McDermott said that the agreement has a duration of three years with two one-year optional extensions. The scope of the…

  • MPC Container Ships offloads seven vessels

    MPC Container Ships offloads seven vessels Oslo-listed tonnage provider MPC Container Ships (MPCC) said in a stock exchange filing that it sold five vessels en bloc, involving three 1,300 teu vessels and two 2,000 teu vessels. According to Greek media reports, the five vessels were bought by Nikolas Pateras-owned Contships Logistics. The vessels in question are…

  • Norden bags pair of capesize newbuilds

    Norden bags pair of capesize newbuilds Denmark’s Norden has firmed up its commitment to the capesize bulker segment through a deal for a pair of newbuildings. The Hellerup-based shipping giant will take the vessels on charter, with purchase options attached to the contract. The vessels will be built in Japan, with deliveries set for 2026…

  • Nortrans pens deal with Saipem for flotel work on Chevron’s Australian project

    Nortrans pens deal with Saipem for flotel work on Chevron’s Australian project Singapore-based Nortrans Offshore has been awarded a contract with Italian giant Saipem for work on the Jansz-Io compression project offshore Western Australia. As part of this project, the company took the 200-person flotel Belait CSS 1 on a long-term bareboat charter. This is…

  • Floating wind still going strong despite US policy turmoil

    Floating wind still going strong despite US policy turmoil The United States’ shift in offshore wind policy is set to create a potential global installation shortfall of 26GW by 2035 as a result, according to TGS’ latest report. The company said in its Quarterly Market Overview Report that the withdrawal of a major market like…

  • Seanergy strikes double sale and leaseback

    Seanergy strikes double sale and leaseback US-listed Greek capesize bulker specialist Seanergy Maritime has entered into sale and leaseback agreements with a Chinese financier for two of its vessels. The Stamatis Tsantanis-led company revealed in its annual report that the 2009-built Friendship and the 2010-built Squireship had been sold to China Huarong Shipping Financial Leasing,…

  • Prosafe sells 41-year-old flotel for recycling

    Prosafe sells 41-year-old flotel for recycling Oslo-listed semisub accommodation vessel owner Prosafe has signed a deal to sell one of its flotels for recycling. Prosafe said that it would be recycling its 1984-built, anchor-moored semi-submersible tender support and accommodation vessel Safe Scandinavia. The vessel is presently located in Norway and has been in cold layup…

  • Icon Energy bolsters fleet with modern ultramax

    Icon Energy bolsters fleet with modern ultramax Nasdaq-listed Greek bulker outfit Icon Energy is expanding its fleet by bringing in a 2020-built ultramax on a bareboat charter. The Ismini Panagiotidi-led company said the 63,668 dwt scrubber-fitted vessel, to be named Charlie, should join the fleet between May and August 2025. The deal includes an advance…

  • Performance Shipping flips aframax for $21.5m profit

    Performance Shipping flips aframax for $21.5m profit Nasdaq-listed Greek tanker owner and operator Performance Shipping has nearly doubled its money by selling one of its aframaxes. The Andreas Michalopoulos company has offloaded the 2011-built P Yanbu for $39m after picking up the 105,400 dwt vessel in late 2020 for $22m. The Japanese-built unit has been…

  • Maersk seals 33-year lease extension at port of NY and NJ

    Maersk seals 33-year lease extension at port of NY and NJ AP Moller-Maersk has reached an agreement with the Port Authority of New York and New Jersey to extend APM Terminals Elizabeth’s lease through December 2062. Originally set to expire in 2029, the 33-year lease extension “paves the way for major infrastructure investments which will…

  • Uni-Tankers brings in fresh tonnage

    Uni-Tankers brings in fresh tonnage Denmark’s Uni-Tankers is renewing its fleet with two modern stainless steel vessels. The Per Ekmann-led outfit is adding the Selandia Swan to its owned fleet this spring. The ship is said to represent the company’s ongoing commitment to renewing its fleet with new, energy-efficient tonnage. Uni-Tankers is also bringing in…

  • Diana Shipping bags Cargill panamax fixture

    Diana Shipping bags Cargill panamax fixture Greek bulker owner Diana Shipping has landed another charter deal with Cargill, the New York-listed company’s fourth fixture with the commodities trading giant in just over a month. The Semiramis Paliou-led company has secured employment for the 2010-built panamax Leto from end-March through to July 16, 2026, and extension…

  • Bulker owner Diana Shipping makes LPG move

    Bulker owner Diana Shipping makes LPG move Greek bulker owner Diana Shipping has diversified into the gas shipping sector with an investment in a newly established joint venture, building two 7,500 cu m LPG carriers. The New York-listed company has signed up for 80% in the venture, called Ecogas Holding, which will see the two…

  • Panagiotidis family member takes two bulkers from Castor Maritime

    Panagiotidis family member takes two bulkers from Castor Maritime Cyprus-based owner Castor Maritime has sold two of its panamax bulk carriers in another family-related transaction. The Nasdaq-listed company is shipping the 2011-built Magic Eclipse and the 2012-built Magic Callisto to outfits beneficially owned by a family member of chairman and CEO Panagiotidis. The deal worth…

  • Western Bulk pockets $1.5m profit from ultramax sale

    Western Bulk pockets $1.5m profit from ultramax sale Norwegian dry bulk operator Western Bulk Chartering has locked in about $1.5m profit from the sale of a 2020-built ultramax picked up by exercising a purchase option. The Oslo-listed company has offloaded the Western Singapore to Thai bulker owner Precious Shipping for $28m. The purchase option was…

  • Flags of questionable quality grow market share

    Flags of questionable quality grow market share Over 5,000 vessels  – equivalent to 14.5% of the global merchant fleet – operate under registries with less than 10% ratification of International Maritime Organization and the International Labour Organization conventions, increasing exposure to enforcement actions, according to new data from analytics firm Kpler. “Flag risks are increasingly…

  • Petrobras extends DOF PLSV charter

    Petrobras extends DOF PLSV charter Norwegian offshore vessel owner DOF has won an extension for one of its pipelay support vessels (PLSV) from Petrobras. DOF said that the extension was awarded to the 2016-built Skandi Buzios. This vessel is currently in the last months of its long-term contract with Petrobras. Namely, the vessel started work…

  • Northern Offshore Services enters SOV segment

    Northern Offshore Services enters SOV segment Sweden-based CTV owner and operator Northern Offshore Services has entered the SOV sector through an acquisition of one of Edda Wind’s vessels. The Norwegian offshore wind support vessel pureplay said in an Oslo Bors filing on Wednesday that it sold the 2018-built Mistral Enabler to an unnamed buyer. Closing of…

  • Fred Olsen Ocean sells out of United Wind Logistics

    Fred Olsen Ocean sells out of United Wind Logistics Norway’s Fred Olsen Ocean has sold its 50% stake in German deck carrier operator United Wind Logistics (UWL) to United Group sister company United Heavy Lift for €48.5m ($52.6m). The Oslo-based Bonheur subsidiary said the transaction should close by end-April and that the gross proceeds from…

  • Golar bags $1.2bn FLNG vessel refinancing

    Golar bags $1.2bn FLNG vessel refinancing Tor Olav Trøim-backed floating liquefied natural gas (FLNG) specialist Golar LNG has struck a deal with a consortium of Chinese lessors which will see the refinancing of the existing debt on the FLNG Gimi vessel. The agreement, structured as a sale and leaseback is worth about $1.2bn and expected…

  • Norden sells five ships

    Norden sells five ships Danish shipping giant Norden has revealed new activity in the sale-and-purchase market with five transactions recently closed in the dry and wet segments. The move is in line with the company’s intention to realise asset values, the Jan Rindbo-led owner and operator said. The Hellerup-based company has let go of two…

  • ESL Shipping extends raw material transport deal with SSAB

    ESL Shipping extends raw material transport deal with SSAB ESL Shipping, part of Finnish conglomerate Aspo, and global steel manufacturer SSAB have agreed a multi-year extension for the transport of inbound raw material sea transports within the Baltic Sea and from the North Sea. The new contract also covers transport of SSAB’s fossil-free sponge iron…

  • Euroseas fixes charter for 2007-built boxship

    Euroseas fixes charter for 2007-built boxship Nasdaq-listed Greek containership owner Euroseas has won a time charter contract for its 4,250 teu boxship Rena P. The charter is for a minimum period of 35 to a maximum period of 37 months, at the option of the charterer, at a gross daily rate of $35,500, in direct…

  • Tsakos confirms $2bn shuttle tanker deal with Transpetro

    Tsakos confirms $2bn shuttle tanker deal with Transpetro Greek owner Tsakos Energy Navigation (TEN) has confirmed a long-term charter deal with Petrobras’ logistics subsidiary Transpetro for a series of nine shuttle tanker newbuildings. The vessels, to be built at Samsung Heavy Industries in South Korea, have secured 15-year employment each with revenues for TEN estimated…