krogragg

Category: Europe

  • Solstad scores Subsea7 CSV deal

    Solstad scores Subsea7 CSV deal Norwegian offshore vessel owner Solstad Maritime has secured a new contract from offshore engineering and services player Subsea7 for the construction support vessel (CSV) Normand Subsea. The 2009-built CSV has been fixed for two years, with three yearly extension options attached to the deal. Financial terms have not been disclosed.…

  • Navigator wraps up ethylene carrier trio buy

    Navigator wraps up ethylene carrier trio buy New York-listed Navigator Holdings has completed the final acquisition of three handysize ethylene carriers set to complement the recently expanded export terminal at Morgan’s Point in Texas. The company owns the Morgan’s Point ethylene export terminal in a 50-50 joint venture with Enterprise Products Partners. The operation was…

  • Jan De Nul and Hellenic Cables ink framework deal with National Grid

    Jan De Nul and Hellenic Cables ink framework deal with National Grid Belgium’s Jan De Nul and its Greek consortium partner Hellenic Cables, have signed a framework agreement with British utility National Grid for future HVDC cable projects across the UK and Europe. The deal will entitle the consortium to participate in upcoming tenders for…

  • Oskar Wehr seals newbuild quartet in China

    Oskar Wehr seals newbuild quartet in China Germany’s Oskar Wehr is expanding its fleet with four general cargo newbuilds in China. Newbuilding sources report the Hamburg-based outfit has contracted 5,900 dwt units at Jiangsu Dajin Heavy Industry. No price has been divulged for the order. The yard, which has several German owners on its newbuilding…

  • Höegh Autoliners snaps up leased car carrier

    Höegh Autoliners snaps up leased car carrier Norwegian car carrier player Höegh Autoliners is taking ownership of one of its leased vessels. The Oslo-listed outfit has exercised a purchase option at Parcar Shipholding on the 2010-built Höegh Copenhagen. The deal worth $36.5m will see the 7,850 ceu vessel switch ownership in August, the Andreas Enger-led…

  • Video footage of North Sea accident surfaces

    Video footage of North Sea accident surfaces Newly obtained video footage has revealed the moment the containership Solong struck the tanker Stena Immaculate off the coast of East Yorkshire on Monday. The impact and subsequent explosion were captured by Orca AI’s lookout unit Seapod mounted on the tanker Ionic Aspis anchored off the port of…

  • Diana Shipping fixes another kamsarmax to Cargill

    Diana Shipping fixes another kamsarmax to Cargill New York-listed Greek bulker owner Diana Shipping has secured its second Cargill charter within a month. The commodities giant is chartering in the 2010-built kamsarmax Medusa for up to 16 months. The 82,194 dwt Tsuneishi-built vessel, which earlier this year came off a long-term charter with ASL Bulk…

  • Captain arrested on suspicion of gross negligence manslaughter over North Sea collision

    Captain arrested on suspicion of gross negligence manslaughter over North Sea collision The captain of the containership Solong, involved in a collision with the Stena Immaculate tanker in the UK North Sea, has been arrested on suspicion of gross negligence manslaughter. The incident, which took place on Monday with both ships bursting into flames after…

  • Ocean Installer joins team developing UK floating wind farm

    Ocean Installer joins team developing UK floating wind farm Marine construction contractor Ocean Installer has joined the alliance of companies developing the Aspen floating offshore wind project in the North Sea. Ocean Installer’s addition to the alliance will drive down the costs of installation and its existing fleet of vessels and workforce can be transferred…

  • Russian strikes kill four crew in Odesa

    Russian strikes kill four crew in Odesa Barbados-flagged bulk carrier MJ Pinar was hit by Russian missiles at the port of Odesa yesterday evening with four crew killed, and another injured. The dead crew hailed from Syria and Ukraine. The handysize vessel was loading a cargo of wheat when it was struck with images showing…

  • Containership likely to sink after North Sea collision

    Containership likely to sink after North Sea collision The Solong containership involved in Monday’s collision in the UK North Sea is unlikely to remain afloat, British maritime minister Mike Kane has said. “Modelling suggests that should Solong remain afloat, it will remain clear of land for the next few hours. The assessment of HM Coastguard…

  • Carlos Pena takes over from John Michael Radziwill as CEO of C Transport Maritime

    Carlos Pena takes over from John Michael Radziwill as CEO of C Transport Maritime John Michael Radziwill (pictured right) is shuffling the board at Monaco’s C Transport Maritime, remaining as chairman with key lieutenant Carlos Pena (pictured left) taking over as CEO of the dry bulk concern. CTM, which turned 20 last October, is best…

  • Fires continue to burn in North Sea following yesterday’s ship collision

    Fires continue to burn in North Sea following yesterday’s ship collision The search for a missing crewmember from the containership Solong that struck the tanker Stena Immaculate in the UK North Sea has been called off as fires aboard both ships continued to burn overnight. The 140-m-long Solong, owned by Hamburg-based Ernst Russ, hit the…

  • Hapag-Lloyd’s ports arm takes over terminal in Le Havre

    Hapag-Lloyd’s ports arm takes over terminal in Le Havre Hapag-Lloyd’s terminal and infrastructure division Hanseatic Global Terminals (HGT) has acquired a 60% stake in CNMP (Compagnie Nouvelle de Manutentions Portuaires), operator of Atlantique container terminal in Le Havre, France. The remaining 40% of the shares in CNMP will continue to be held by temperature-controlled food…

  • Massive fire erupts as tanker and boxship crash off UK coast

    Massive fire erupts as tanker and boxship crash off UK coast A major rescue operation is underway in the North Sea after a product tanker and a containership crashed and caught fire off the coast of Hull in east Yorkshire, UK. A US-flagged MR tanker Stena Immaculate was struck by the Portugal-flagged containership Solong while…

  • Havila seals Peterson PSV extension

    Havila seals Peterson PSV extension Norwegian OSV owner Havila Shipping has secured a contract extension for its platform supply vessel Havila Borg. The Fosnavåg-based company has fixed the 2009-built unit to energy industry logistics provider Peterson Den Helder for a period of around 215 days in direct continuation of its existing contract with Peterson Offshore…

  • Shipping in the crosshairs as trade uncertainty hits all-time high

    Shipping in the crosshairs as trade uncertainty hits all-time high At no point since tracking began on the subject have global trade policies been more uncertain than right now, according to one index developed in the US.  The Trade Policy Uncertainty (TPU) Index (see chart below) developed by four employees at the Federal Reserve Board…

  • A.P. Moller Capital buys into Philippine logistics firm

    A.P. Moller Capital buys into Philippine logistics firm A.P. Moller Capital has agreed to acquire 40% of the Philippine logistics company AC Logistics (ACL) from Ayala Corporation. Established in 2021, ACL offers supply chain solutions covering cold chain solutions, freight forwarding, national distribution, and contract logistics. The Copenhagen-based infrastructure fund management affiliate of A.P. Moller…

  • Torm ships out three oldest tankers

    Torm ships out three oldest tankers Danish product tanker owner Torm has continued its sell-off of older tonnage with three ships set to exit the fleet. The New York and Copenhagen Nasdaq-listed firm is shipping out 2005-built MR tankers the 46,200 dwt Torm Ragnhild, 50,000 dwt Torm Resilience and 47,000 dwt Torm Thames, with deliveries…

  • Royal HaskoningDHV expands with Arch Henderson buy

    Royal HaskoningDHV expands with Arch Henderson buy Engineering consultant firm Royal HaskoningDHV has acquired Scotland-based maritime engineer company Arch Henderson. By bringing Arch Henderson on board, Royal HaskoningDHV significantly strengthens its UK business to over 800-strong. The companies did not disclose financial information about the buy. Arch Henderson will retain its brand name in the…

  • Lauritzen Bulkers buys Canadian breakbulk specialist Alexander & Blake

    Lauritzen Bulkers buys Canadian breakbulk specialist Alexander & Blake Danish dry bulk owner and operator Lauritzen Bulkers has acquired Canadian breakbulk and parcel shipping company, Alexander & Blake. The Copenhagen-headquartered outfit, which manages a fleet of between 90 and 110 geared handysize and ultramax vessels, is taking over the Burlington-based company for an undisclosed sum.…

  • Essberger firms up chemical tanker pair

    Essberger firms up chemical tanker pair Germany’s John T. Essberger has bolstered its chemical tanker orderbook with two optional newbuilds at Nantong Rainbow Offshore & Engineering Equipment in China. The deal takes the Hamburg-headquartered company’s newbuilding programme at the yard to four firm 13,000 dwt 1A ice class units with options available for two more…

  • Kazakhstan Railways and PTC to build container terminal in Georgia

    Kazakhstan Railways and PTC to build container terminal in Georgia Kazakhstan’s main rail network operator Kazakhstan Railways (KTZ) signed a memorandum of understanding with transport and logistics services firm PTC Holding for the construction of a container terminal in Georgia. The two will look to build a multimodal container terminal in the city of Poti…

  • Floatel sells accommodation vessel after nine-year lay-up

    Floatel sells accommodation vessel after nine-year lay-up After a nearly six-month search, Oslo-based offshore accommodation vessel specialist Floatel International has found a buyer for one of its vessels. The company signed an agreement in principle to sell its accommodation semisub Floatel Reliance for an undisclosed fee. The floatel will be sold for further use and…

  • Sedna buys workflow automation platform Flytta

    Sedna buys workflow automation platform Flytta UK-based technology firm Sedna has acquired Flytta, an AI-powered workflow automation platform for global trade and supply chains for an undisclosed sum. Flytta originated as an in-house solution at Casper Shipping, designed to streamline internal operations before being further refined and commercialised by Seer. Flytta’s Customs Import and Export…

  • Spetalen’s S.D. Standard ETC sells stake in Dolphin Drilling

    Spetalen’s S.D. Standard ETC sells stake in Dolphin Drilling Øystein Stray Spetalen-controlled S.D. Standard ETC (SDSD) has sold its stake in semisub rig owner Dolphin Drilling. SDSD said in an Oslo Bors filing that it sold nearly 50 million shares of the offshore driller which represents a 17.1% stake in Dolphin Drilling. The shares were…

  • Russia hits two ships at the port of Odesa

    Russia hits two ships at the port of Odesa Russia targeted a containership over the weekend it claimed to be carrying weapons to Ukraine. The attack on the Mediterranean Shipping Co (MSC) ship at the port of Odesa also hit a nearby Sierra Leone-flagged bulk carrier in collateral damage.  The 1,118 teu MSC Levante F…

  • CMA CGM signs for electric boxship

    CMA CGM signs for electric boxship French liner operator CMA CGM has contracted inland vessels specialist Shandong Xinneng Shipbuilding to build its fully electric containership. The deal with an undisclosed value follows a letter of intent CMA CGM signed with the yard late last year for the construction of an 80 m long, 182 teu…

  • Lauritzen Bulkers CEO leaves due to stress

    Lauritzen Bulkers CEO leaves due to stress Martin Egvang has stepped down as chief executive officer of Copenhagen-based shipowner and operator Lauritzen Bulkers, citing stress issues. “I have been experiencing increasing stress-related symptoms, which has reached an unsustainable level, and I have therefore concluded that the right thing for me is to step down as…

  • Toro to become pure-play LPG carrier owner with tanker spin-off

    Toro to become pure-play LPG carrier owner with tanker spin-off Nasdaq-listed owner Toro has initiated a process of separating its tanker and LPG businesses. The spinoff of Cyprus-based Castor Maritime with one tanker and four gas carriers spinning off the 2006-built handysize products carrier Wonder Mimosa into a newly formed subsidiary Robin Energy. The company…

  • Nordic American Tankers boosts suezmax fleet

    Nordic American Tankers boosts suezmax fleet Nordic American Tankers (NAT) is pressing ahead with fleet growth and renewal plans with the addition of a 2016-built suezmax. The Herbjorn Hansson-led owner and operator has picked up the unnamed vessel from what it says is “a first-class owner” in a deal struck in the mid-to-high $60m area.…

  • Frontline seals four-ship refinancing

    Frontline seals four-ship refinancing John Fredriksen’s Frontline has secured a fresh refinancing deal for four of its vessels. The New York- and Oslo-listed tanker giant said it had entered into three senior secured credit facilities of $239m in total, which will refinance three VLCCs and one suezmax vessel and, in addition, provide revolving credit capacity…

  • Costamare spinning off bulkers business

    Costamare spinning off bulkers business New York-listed Greek shipowner Costamare has moved to spin off its dry bulk operation into a separate publicly traded company. The new company Costamare Bulkers Holdings is expected to launch this year and to be listed on the New York Stock Exchange. The outfit will own nearly 40 vessels in…

  • Carisbrooke seals $27m newbuild financing

    Carisbrooke seals $27m newbuild financing UK owner Carisbrooke Shipping has secured financing for its newbuilding programme in the Netherlands. Germany’s KfW IPEX-Bank is backing the construction of two 7,700 dwt general cargo vessels at Thecla Bodewes Shipyards with around €26m ($27.3m). The ships in the so-called Labrax series have modern diesel-electric propulsion, with an option…

  • Jan De Nul heavy lift vessel set for work on Scottish offshore wind farm

    Jan De Nul heavy lift vessel set for work on Scottish offshore wind farm Belgian marine contractor Jan De Nul will provide its 2023-built heavy lift vessel Les Alizés to transport and install the monopile foundations on the Inch Cape wind farm offshore Scotland. The wind farm will comprise 72 turbines sited in the North…

  • BP cuts renewables investments by $5bn, sets sights firmly on oil and gas

    BP cuts renewables investments by $5bn, sets sights firmly on oil and gas UK-based energy giant BP has announced it will cut its renewable energy investments and instead increase its investment in oil and gas production. The company buckled under pressure from investors who were unhappy over the company’s underperformance compared to its main rivals…

  • Shipping central to EU’s new Clean Industrial Deal

    Shipping central to EU’s new Clean Industrial Deal The European Union has unveiled its Clean Industrial Deal that will prioritise the domestic production of renewable fuels for aviation and shipping, among a host of measures worth more than EUR100bn ($105m) designed to green many industry sectors. “The EU needs to secure access to such materials…

  • Louis Dreyfus Armateurs to be taken over by fellow private equity firm

    Louis Dreyfus Armateurs to be taken over by fellow private equity firm French family-owned shipowner Louis Dreyfus Armateurs (LDA) has revealed takeover talks with compatriot private equity firm InfraVia. The two companies have entered exclusive negotiations for Paris-based InfraVia to acquire an 80% stake in LDA which currently manages 23 ships in roro, offshore wind…

  • Marcura expands with HubSE acquisition

    Marcura expands with HubSE acquisition Maritime tech firm Marcura has acquired UK-based tanker demurrage claims automation provider HubSE. HubSE’s specialised oil and chemical tanker expertise will be integrated into Marcura Claims, formerly ClaimsHub. Their combined capabilities will deliver a comprehensive claims management experience with both fully managed and self-service solutions. The acquisition of HubSE reinforces…

  • Stena Bulk forms Nigerian tanker venture

    Stena Bulk forms Nigerian tanker venture Swedish shipowner Stena Bulk has signed a deal with NNPC Shipping, part of oil producer Nigerian National Petroleum Corp and local integrated offshore support player Caverton Marine for a new tanker joint venture in Nigeria. The deal will create a new tanker operation serving Nigeria and West Africa’s regional…

  • UK blacklists 40 shadow fleet ships

    UK blacklists 40 shadow fleet ships The UK is imposing a new wave of sanctions against the Russian oil trade, targeting an additional 40 ships. The biggest sanctions package against Russia’s shadow fleet brings the total number of oil tankers sanctioned by the UK to 133—more than any other European nation. Publishing details of the…

  • Moeve signs up for RFOcean chemical tanker newbuilds

    Moeve signs up for RFOcean chemical tanker newbuilds Spanish energy company Moeve has inked a contract with RFOcean for a series of 6,600 dwt chemical tankers currently under construction in China. Frederik Rye-Florentz-led RFOcean, which controls a fleet of 13 chemical tankers on fully-delivered basis, has eight next-generation newbuilds booked at Wuhu Shipyard set to…

  • Velos swoops on Easterly MR1

    Velos swoops on Easterly MR1 Greek owner Velos Shipping has bolstered its tankers business with a secondhand chemical carrier from Easterly Asset Management’s Maritime Logistics Equity Partners. Velos Tankers has snapped up the 2010-built 36,700 dwt MR1 Easterly Sirius for around $15.5m and renamed it Velos Rubini. The US-based Easterly bought the vessel from Hong…

  • JP Morgan Asset Management buys out Oaktree’s stake in OSM Thome

    JP Morgan Asset Management buys out Oaktree’s stake in OSM Thome Oaktree Capital Management is cashing out of shipmanagement giant OSM Thome, with investors linked to JP Morgan Asset Management’s Global Transportation Group coming onboard in its place. OSM Thome’s founding shareholders, OSM Maritime Partners and Skagerak Holding will continue as shareholders, resulting in what…

  • MSC books up to eight megamaxes at Changhong International

    MSC books up to eight megamaxes at Changhong International Gianluigi Aponte’s Mediterranean Shipping Co (MSC) has returned to Zhoushan Changhong International Shipyard in China for a new series of LNG dual-fuel megamax containerships. The Swiss-based liner giant has signed up for four firm 21,700 teu newbuilds with options for up to four additional vessels. Deliveries…

  • Ciner Shipping decamps from Istanbul to Athens

    Ciner Shipping decamps from Istanbul to Athens One of Turkey’s largest shipowners is decamping to Greece. Istanbul-based news outlet Türkiye Today is reporting Ciner Shipping is shifting its operations to Athens with staff in Turkey informed today that their current work contracts would be terminated with full legal compensation. Ciner Shipping owns and operates a…

  • Russian ship in trouble with hull breach

    Russian ship in trouble with hull breach A Russian Panama-flagged cargo ship carrying 3,000 tons of corn is in trouble the Sea of Azov after suffering a hull breach near the port of Azov in Russia’s Rostov region, according to local media. The 46-year-old vessel, Pavlo Grabovskiy, departed from Rostov en route to Samsun in…

  • Norwegian trio links up for another CSV newbuild

    Norwegian trio links up for another CSV newbuild Norwegian offshore vessel owner Eidesvik has teamed up with compatriots Agalas and Reach Subsea for another construction support vessel (CSV) newbuild at the Sefine Shipyard in Turkey. The vessel has been designed to perform inspection, maintenance and repair (IMR) work and is similar to the methanol dual-fuelled…

  • Wood nets $120m engineering extension with Shell in the UK

    Wood nets $120m engineering extension with Shell in the UK Consulting and engineering firm Wood has been awarded a contract extension by energy supermajor Shell for work on onshore and offshore assets across the UK. The $120m contract extension was awarded by Shell UK Limited for brownfield engineering, procurement, and construction. The two-year, cost-reimbursable contract…

  • More than 70 ships set to be added to EU sanctions list

    More than 70 ships set to be added to EU sanctions list European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The wide-ranging 16th package of sanctions is expected to see more than 70…

  • Peak CSL and Grieg Edge venture contracts ammonia-powered newbuild

    Peak CSL and Grieg Edge venture contracts ammonia-powered newbuild Skarv Shipping Solutions, a Norwegian joint venture between Peak CSL Group and Grieg Edge has placed an order for an ammonia-powered general cargo shortsea vessel in China. The 7,800 dwt self-unloader is scheduled for delivery in the second quarter of 2027. Compatriot owner and operator Arriva…

  • Cargill hires kamsarmax bulker from Diana Shipping

    Cargill hires kamsarmax bulker from Diana Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with commodities giant Cargill for one of its kamsarmax vessels. Cargill hired the 2010-built, 82,117 dwt bulker Myrsini. The gross charter rate is $13,000 per day, minus a 5% commission paid to third parties, for a period…

  • Louis Dreyfus Armateurs picks ZPMC for SOV newbuild series

    Louis Dreyfus Armateurs picks ZPMC for SOV newbuild series France’s Louis Dreyfus Armateurs (LDA) has selected Shanghai Zhenhua Heavy Industries (ZPMC) to build its latest series of service operation vessels (SOV) that will be deployed on offshore wind sites in the German North Sea. Earlier this year the French family-owned shipowner emerged as a winner…

  • Star Bulk ships out supramax

    Star Bulk ships out supramax Nasdaq-listed Star Bulk Carriers is offloading one of its 23 supramaxes. The Athens-based dry bulk giant revealed in its quarterly earnings report it had agreed to sell the 15-year-old Bittern. The buyer and the price of the 57,800 dwt vessel, estimated by S&P sources at about $11.8m, have not been…

  • Odfjell Technology scores more work with ConocoPhillips

    Odfjell Technology scores more work with ConocoPhillips Odfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, well-service technology, and engineering solutions, has won an extension with ConocoPhillips for operations in the North Sea. The contract is for the provision of platform drilling operation and maintenance services in Norway. The exercised option, which…

  • Prosafe offloads 20-year-old flotel for $5m

    Prosafe offloads 20-year-old flotel for $5m Offshore accommodation vessel specialist Prosafe has struck a deal with an undisclosed buyer for its semisubmersible vessel Safe Concordia. The 2005-built unit will change hands between March and June this year. The Oslo-listed owner said the deal is worth $5m before commissions and expenses. The Safe Concordia is currently…

  • Altera sells FPSO to newcomer owner Amplus Energy

    Altera sells FPSO to newcomer owner Amplus Energy UK floater player Altera Infrastructure has sold its FPSO unit Petrojarl I to Aberdeen-headquartered Amplus Energy. Described as the most deployed FPSO in history, the 1986-built vessel is changing hands for an undisclosed sum after completing its charter with Enauta at the Atlanta field in Brazil’s Santos…

  • Leadership change at Transocean

    Leadership change at Transocean Transocean has announced a change at the top for the Swiss-based offshore drilling giant as part of its multi-year succession plan. The New York-listed company’s long-serving chief executive Jeremy Thigpen, is stepping down from his role and will be succeeded by Transocean’s president and chief operating officer, Keelan Adamson. The transition…

  • MPC Capital secures funds for offshore service vessel joint venture

    MPC Capital secures funds for offshore service vessel joint venture French private equity firm and investment group Eurazeo and a large European family office have invested in MPC Capital’s recently launched platform for offshore service vessels. The platform was initiated by a joint venture of MPC Capital and O.S. Energy – named MPC OSE Offshore…

  • Maersk seals pact with India’s top yard

    Maersk seals pact with India’s top yard AP Moller-Maersk has signed a memorandum of understanding with India’s Cochin Shipyard to explore ship repair and shipbuilding opportunities. The strategic partnership, which aligns with India’s aim to be among the top 10 maritime nations by 2030 and the top five by 2047, is expected to see the…

  • Sirius Shipping links up with Gasum for LNG bunker newbuild

    Sirius Shipping links up with Gasum for LNG bunker newbuild Sweden’s Sirius Shipping has partnered up with Finnish state-owned energy company Gasum for a new bio-LNG bunker vessel.. The 7,800 cu m vessel, jointly owned between the two companies, will be built at RMK Marine yard in Istanbul, Turkey, for delivery into Gasum charter in…

  • Balmoral teams with Korean firms for work on Equinor’s floating wind farm

    Balmoral teams with Korean firms for work on Equinor’s floating wind farm Balmoral Comtec, a subsidiary of offshore energy supply chain firm Balmoral has signed a memorandum of understanding (MoU) for work on Equinor’s Firefly floating wind project with South Korea-based LS Cable & System and LS Marine Solution. This agreement follows LS Cable &…

  • Spire Global sues Kpler

    Spire Global sues Kpler Spire Global is suing Kpler, claiming the Belgian tech firm has failed to follow through on its plans to buy Spire Maritime, an AIS data provider.  On November 13 last year, Spire Global entered into a share purchase agreement with Kpler to sell its maritime business. Since then, however, Kpler has…

  • Golar sells last remaining LNG carrier

    Golar sells last remaining LNG carrier Floating liquefied natural gas (FLNG) specialist Golar LNG has marked its exit from the LNG shipping business with the sale of its last remaining gas carrier. The Nasdaq-listed company is shipping out the 2003-built steam turbine LNG carrier, Golar Arctic, for $24m. The Tor Olav Trøim-backed company said the…

  • Countries registering 70% of global tonnage support a carbon levy

    Countries registering 70% of global tonnage support a carbon levy Two new reports led by UCL Energy Institute and Oceans Research Group show what’s at stake at the upcoming International Maritime Organization (IMO) meetings and in the crucial period in the run-up to the Marine Environment Protection Committee meeting set for April. The IMO is…

  • Diana sells 15-year-old post-panamax and nets newcastlemax charter extension

    Diana sells 15-year-old post-panamax and nets newcastlemax charter extension Greece’s Diana Shipping has agreed to sell its 2010-built post-panamax bulker Alcmene for about $11.9m and secured a charter extension for one of its newcastlemaxes at a bumper rate. The New York-listed company said it will deliver the 93,193 dwt vessel to an undisclosed buyer by…

  • Vantage strikes deal for Eldorado drillship

    Vantage strikes deal for Eldorado drillship Offshore drilling contractor Vantage Drilling has sealed a deal with Norwegian rig owner Eldorado Drilling to market its seventh-generation drillship Dorado. The Oslo-listed company will market the rig in Africa, the Mediterranean, Asia and Australasia. “We look forward to successfully placing the rig in operation,” said Ihab Toma, CEO…

  • Golden Ocean snaps up eight SFL capesizes

    Golden Ocean snaps up eight SFL capesizes John Fredriksen-backed dry bulk player Golden Ocean Group is taking eight capsizes out of leases from Fredriksen’s shipowning company SFL Corp. The Nasdaq- and Oslo-listed company has declared purchase options worth $112m in total in connection to the vessels’ 10-year charter-in anniversary. Delivery is expected during the third…

  • Globus Maritime continues ageing bulkers clearout

    Globus Maritime continues ageing bulkers clearout Nasdaq-listed Greek dry bulk owner Globus Maritime has continued the sell-off of older vessels as it makes room for fresh tonnage to join the fleet. The Athens-based firm is shipping out the 2007-built supramax River Globe for $8.55m before commissions. The 53,627 dwt vessel is the oldest in Globus’…

  • Himalaya Shipping seals fresh index-linked deal

    Himalaya Shipping seals fresh index-linked deal Oslo-listed Himalaya Shipping has secured new employment for its newcastlemax bulk carrier currently trading on a fixed time charter. The Tor Olav Troim-backed owner and operator has entered into a 14-to 38-month contract for the 2023-built Mount Norefjell starting after the vessel’s redelivery from its current charterer in late…

  • Euroseas agrees charter extension for feeder boxship

    Euroseas agrees charter extension for feeder boxship Nasdaq-listed Greek boxship owner Euroseas has inked a charter contract extension for one of its feeder containerships. Euroseas won a charter for the 1,740 teu EM Hydra for a minimum period of 24 to a maximum period of 26 months at the charterer’s discretion, at a gross daily…

  • Evalend tied to HD Hyundai Mipo LNG bunker newbuilds

    Evalend tied to HD Hyundai Mipo LNG bunker newbuilds Greece’s Evalend Shipping has been linked to a newbuilding deal for four LNG bunkering vessels commissioned at the South Korean shipbuilder HD Hyundai Mipo. Multiple shipbroking outfits have named the Kriton Lendoudis-backed diversified owner behind the 18,000 cu m newbuilds booked at the yard in Ulsan…

  • Danaos reveals order for boxship brace

    Danaos reveals order for boxship brace Greek owner Danaos has bolstered its newbuilding orderbook, adding two more vessels to its 9,200 teu series in China. The John Coustas-led boxship tonnage provider and capsize bulker player has contracted CSSC-affiliated Huangpu Wenchong Shipbuilding in Guangzhou to deliver the newbuilds in 2027 at about $105m each. According to…

  • NYK and Yara link up for ammonia-fuelled gas carrier newbuild

    NYK and Yara link up for ammonia-fuelled gas carrier newbuild Japanese shipping line Nippon Yusen Kaisha (NYK) has secured a charter deal from Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara for an ammonia-fuelled medium gas carrier. Described as the world’s first charter for such a vessel, the deal will see a…

  • Seacon ships out another product tanker to Union Maritime

    Seacon ships out another product tanker to Union Maritime Hong Kong-listed Seacon Shipping is selling another bareboat chartered modern chemical and oil products carrier to UK bulker and tanker player Union Maritime. The Qingdao-based owner and operator has struck a deal to offload the 2021-built 34,800 dwt MR1 Golden Dahlia for roughly $32.9m. Seacon said…

  • MPC Capital takes stake in Wilhelmsen vessel performance management platform

    MPC Capital takes stake in Wilhelmsen vessel performance management platform German asset and investment manager MPC Capital has bought into Norwegian maritime group Wilhelmsen’s performance management firm BestShip. The Castor Maritime majority-owned Frankfurt-listed company has acquired a 50% stake for an undisclosed sum. The deal expands MPC Capital’s maritime services and reinforces its growth in…

  • Navigare Capital signs for containership newbuilds

    Navigare Capital signs for containership newbuilds Denmark’s Navigare Capital Partners has moved to add more containerships to its portfolio through a deal for up to six newbuildings in China. The Copenhagen-based alternative investment fund manager has signed up for four firm 4,300 teu vessels at Taizhou Sanfu Shipbuilding with options for two more, according to…

  • Melina Travlos re-elected as president of Union of Greek Shipowners

    Melina Travlos re-elected as president of Union of Greek Shipowners Melina Travlos has been re-elected for a second term as president of the Union of Greek Shipowners (UGS). The head of Neptune Group of companies, which includes carrier owner and operator Neptune Lines as well as a dry bulk outfit, Neptune Dry Management, will lead…

  • Finland’s Hacklin buys into fellow shortsea operator Nordic Chartering

    Finland’s Hacklin buys into fellow shortsea operator Nordic Chartering Finnish logistics player Hacklin Group has strengthened its business with the acquisition of a considerable stake in compatriot shortsea operator Nordic Chartering. The move of Hacklin joining as the shareholder for an undisclosed sum will build a strong foundation for future vessel investments, the companies said…

  • Boa orders semisub heavy lift barge at Dalian

    Boa orders semisub heavy lift barge at Dalian Norway’s Boa has signed a contract with Dalian Shipbuilding Offshore Co, for the construction of up to two semi-submersible heavy lift barges. The in-house-designed Boabarge 39, first introduced in November 2023, is targeted for delivery in the third quarter of 2026, and the company has secured an…

  • Geneva Dry Dialogues: Manta Marine Technologies

    Geneva Dry Dialogues: Manta Marine Technologies Ina Reksten, who runs Norwegian vessel optimisation specialist Manta Marine Technologies, acknowledges many of her clients are struggling to meaningfully translate all the data heading their way. “It sounds straight forward, but a good outcome requires not only strong programming skills and setting data parameters, but also understanding of…

  • CMA CGM and AD Ports establish Congo terminal venture

    CMA CGM and AD Ports establish Congo terminal venture French liner giant CMA CGM has reached an agreement with AD Ports Group to jointly develop, manage and operate the new multipurpose terminal at the Port of Pointe Noire in the Republic of the Congo. The deal will see the formation of a joint venture majority-owned…

  • Olympic contracts offshore newbuild brace at China Merchants shipyard

    Olympic contracts offshore newbuild brace at China Merchants shipyard Norway’s Olympic is expanding its fleet with a pair of offshore construction vessel newbuilds contracted at China Merchants Heavy Industry shipyard in Shenzhen. The Stig Remøy-led offshore vessel owner said the vessel will be the most energy-efficient in their category and delivered in the summer of…

  • Fugro buys German satellite earth observation firm

    Fugro buys German satellite earth observation firm Dutch surveyor Fugro has acquired German firm EOMAP, a company which uses satellite earth observation for mapping and monitoring marine and freshwater environments. EOMAP has been pioneering this technology since 2006. The company has recorded a revenue of around €5m ($5.2m) for 2024. According to Fugro, the market…

  • Helix secures Hornsea 3 contract

    Helix secures Hornsea 3 contract Helix Energy’s marine contracting business unit, Helix Robotics Solutions has been hired by Seaway7 the renewables unit of Oslo-listed Subsea7 for the burial of inter-array cables at Ørsted’s Hornsea 3 offshore wind farm in the UK. The project scope, which will be managed from Helix’s offices in Aberdeen, includes the…

  • Houthis seen by Maersk as the dividing line between profit and loss this year

    Houthis seen by Maersk as the dividing line between profit and loss this year Last year has proven to be the third most profitable year in the history of container shipping, and likewise it proved to be the third best year in the 121-year history of Denmark’s largest shipping concern, Maersk. Top management in Copenhagen…

  • EuroDry sells veteran bulker for scrap

    EuroDry sells veteran bulker for scrap Nasdaq-listed Greek dry bulk owner EuroDry has offloaded its oldest vessel for demolition. The Aristides Pittas-led company is sending its 2000-built 75,100 dwt Tasos to a demo yard in Bangladesh for about $5m. The vessel, picked up by an undisclosed cash buyer, will be delivered between mid-February and mid-March…

  • Costamare reveals fresh bulker sale with panamax deal

    Costamare reveals fresh bulker sale with panamax deal Greek owner Costamare is shipping out one of its oldest bulkers as renewal of the owned fleet presses ahead. The New York-listed company has revealed the sale of its 2008-built panamax Rose with an expected exit from the fleet in the first or second quarter. The 76,619…

  • Integrated Wind Solutions gets first deal for brand new CSOV

    Integrated Wind Solutions gets first deal for brand new CSOV Commissioning service operation vessel owner Integrated Wind Solutions (IWS) has secured a new contract for the charter of one of its vessels. The contract was won by the company’s wholly-owned subsidiary IWS Fleet. The deal is for the IWS Starwalker CSOV and will last a fixed…

  • Well-Safe Solutions adds to Dutch North Sea backlog

    Well-Safe Solutions adds to Dutch North Sea backlog Decommissioning specialists Well-Safe Solutions has secured more work for Eni across its assets in the Dutch sector of the North Sea. The Italian energy major has recently exercised another 90-day option for the Well-Safe Protector jackup under a newly agreed contract amendment. The work on subsea and…

  • DOF scores $30m in Asia Pacific contracts

    DOF scores $30m in Asia Pacific contracts Norwegian offshore vessel owner and operator DOF has won two subsea contracts in the Asia-Pacific region. The first contract will see the 2011-built dive support vessel Skandi Singapore utilised in Malaysian waters for about 30 days in the second quarter. Under the second deal, one of DOF’s multipurpose…

  • Euroseas fixes charter for boxship duo

    Euroseas fixes charter for boxship duo Nasdaq-listed Greek containership owner Euroseas has won new time charter deals for two of its boxships. The first contract is for the 2008-built Synergy Antwerp. The company stated that the contract will commence its charter after the completion of its present charter, expected sometime in May 2025. The second…

  • Navibulgar ship accused of subsea sabotage off the hook

    Navibulgar ship accused of subsea sabotage off the hook Swedish prosecutors have released the vessel suspected of cutting a fibre-optic subsea cable between Latvia and the Swedish island of Gotland after assessing the event as an accident, not sabotage. The Swedish Prosecution Authority seized the Navibulgar-owned, 32,200 dwt bulker Vezhen on January 26. Swedish authorities…

  • Wallenius SOL buys Mann Lines

    Wallenius SOL buys Mann Lines Sweden’s Wallenius SOL has acquired British roro outfit Mann Lines adding new offices in Estonia, Latvia, and the UK, while increasing its presence in Finland, Germany, and Benelux.  “This strategic move will enable us to offer a broader range of solutions tailored to customer needs. By combining our strengths, we…

  • Cadeler bags first deals for newbuild wind installation vessel

    Cadeler bags first deals for newbuild wind installation vessel Copenhagen-headquartered offshore wind installation player Cadeler has signed two contracts with undisclosed clients for its newbuild wind installation vessel Wind Mover starting immediately upon delivery.  The vessel, currently under construction at Hanwha Ocean Shipyard in Korea, will support operations, maintenance activities, and potential installation work in…

  • Peter Döhle contracts up to five boxsips at GSI

    Peter Döhle contracts up to five boxsips at GSI Germany’s Peter Döhle Schiffahrts has added to its boxship orderbook with up to five 8,400 teu newbuilds in China. Shipbuilding sources say the Hamburg-based boxship and bulker owner and operator has contracted three firm and two optional vessels at CSSC Guangzhou Shipyard International (GSI), paying between…

  • Mads Nipper steps down as Ørsted CEO

    Mads Nipper steps down as Ørsted CEO The chief executive officer of Danish offshore wind developer Ørsted, Mads Nipper, has stepped down from his role. Nipper will step down from the CEO position on February 1 at which time Rasmus Errboe, the current deputy CEO and chief commercial officer, will step into the role of…

  • DEME nets deal for work on two German offshore wind projects

    DEME nets deal for work on two German offshore wind projects Belgium-based marine contractor DEME has been awarded two contracts for the transport and installation of 112 foundations at the Nordlicht 1 and 2 offshore wind farms in Germany. In addition to the two contracts, worth around €300m ($312m) in total, the company also secured…

  • Jan De Nul awarded German wind farm contract

    Jan De Nul awarded German wind farm contract Belgium’s Jan De Nul has secured a contract to install 196 km of inter-array cables for the Nordlicht offshore wind farm project in Germany. The Nordlicht wind farm zone, located 85 km north of the island of Borkum in the German North Sea, consists of two separate…

  • In tech we trust?

    In tech we trust? The relationship between shipowners and technology providers must be fixed to save shipping’s decarbonisation ambitions, writes Benny Hilström, vice president of business development at WinGD. Shipowners and operators need technology providers that keep their promises in order to avoid frustration, disruption and delay. That applies in day-to-day operations and is even…