krogragg

Category: Europe

  • Two European tanker brokers join forces

    Two European tanker brokers join forces Two European tanker brokers have joined forces with news Odin-RVB from The Netherlands is taking over Barcelona-based Iberica Tanker Chartering. “As the shipping landscape continues to evolve, we recognize the changing demands and expectations of our stakeholders. This merger is yet another pivotal step in our long-term strategy to…

  • Rem Offshore scores PSV fixture

    Rem Offshore scores PSV fixture Norwegian offshore vessel player Rem Offshore has secured a PSV contract from Eni in the UK North Sea. The company’s 2011-built Rem Supplier has been fixed for around 300 days, according to brokers in Norway and the UK. The vessel will support the jackup rig Valaris Norway on a two-well…

  • DeepOcean wins Polish wind survey contract

    DeepOcean wins Polish wind survey contract Norwegian ocean services contractor DeepOcean has won subsea survey work on the Bałtyk 2 and 3 offshore wind developments in Poland. Jointly developed by Equinor and Polenergia the Bałtyk 2 and 3 offshore wind farms will have a total combined capacity of 1.44 GW. Under the contract with an…

  • Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC

    Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC One family has propelled a landlocked European nation into the top shipowning countries in the world. Gianluigi Aponte’s Geneva-based Mediterranean Shipping Co (MSC) has been on a historic fleet expansion in the 2020s, hoovering up more than 400 secondhand boxships, and ordering more…

  • Russian-linked ship-to-ship transfers spike in wake of US sanctions

    Russian-linked ship-to-ship transfers spike in wake of US sanctions Ship-to-ship transfers of Russian-linked oil have spiked dramatically this month in the wake of America’s largest sanctions package aimed at Russia’s shadow fleet. Data from maritime risk analytics firm Windward shows there has been a 366% increase in Russian-related ship-to-ship transfers of crude and products in…

  • d’Amico fixes five tankers

    d’Amico fixes five tankers Italian product tanker owner and operator d’Amico International Shipping (DIS) secured employment for five of its vessels. The Milan-listed company’s Irish-based d’Amico Tankers has fixed four handysize vessels through new deals and extended the charter of one of its MRs. The charterers and financial terms were not disclosed, but DIS said…

  • Arriva adds to bulker orderbook in China

    Arriva adds to bulker orderbook in China Norway’s Arriva Shipping has continued its fleet renewal drive with a fresh battery hybrid bulker newbuilding order in China. The Sindre Matre-led company has contracted Jiangsu Soho Marine Heavy Industry to see the 8,000 dwt vessel delivered in the third quarter of 2026. The newbuild will be a…

  • d’Amico boosts owned fleet with LR1 purchase option

    d’Amico boosts owned fleet with LR1 purchase option Milan-listed product tanker owner and operator d’Amico International Shipping (DIS) has snapped up another leased vessel. The Carlos di Mottola-led company has declared a purchase option on the 2019-built LR1 Cielo di Houston costing about $26.5m. The Hyundai Mipo Vietnam-built 74,999 dwt unit has been on bareboat…

  • Baltic states call for new rules to tackle shadow fleet threat

    Baltic states call for new rules to tackle shadow fleet threat The Bulgarian owner at the centre of a new cable cutting incident in the Baltic has denied its ship deliberately carried out the latest damage to subsea infrastructure in the region, something analysts are disputing while politicians discuss clamping down further on ships leaving…

  • Economou’s TMS Group enters leasing deal for newest LNG carrier

    Economou’s TMS Group enters leasing deal for newest LNG carrier Japan’s SBI Leasing Services has partnered with France’s BNP Paribas to arrange a leasing agreement with George Economou-led TMS Group for the newly built Athos LNG carrier. The vessel was completed in September last year at Samsung Heavy Industries in South Korea. The 174,000 cu…

  • Asso.subsea orders shallow-water cable layer from China

    Asso.subsea orders shallow-water cable layer from China Greece-based offshore contractor Asso.subsea has ordered a large shallow-water cable layer from China Merchants Heavy Industry. The vessel will be designed by China Merchants Industry and constructed at the China Merchants Industry Mazhou Island Base. The cable layer will be 175 m long and 41.8 m wide. It…

  • Sweden seizes ship suspected of being behind latest Baltic cable outage

    Sweden seizes ship suspected of being behind latest Baltic cable outage The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fiber optic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region. The ship in question this time…

  • Candler firms up MPP brace at New Jiangzhou Shipyard

    Candler firms up MPP brace at New Jiangzhou Shipyard German MPP specialist Candler Schiffahrt has bolstered its orderbook at China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry in a deal for two additional vessels. The Bremen-based company has contracted the 12,000 dwt brace for an undisclosed price tag following a deal for four newbuildings last March.…

  • Havfram seals European wind farm deal

    Havfram seals European wind farm deal Norwegian offshore wind contractor Havfram has landed another construction project in Europe. The work, anticipated to last about one year, will be executed in 2029, utilising one of the company’s newbuild installation vessels, slated for delivery in the second half of 2025, Havfram said without disclosing further details. This…

  • Solstad scores triple OSV fixture

    Solstad scores triple OSV fixture Norwegian offshore vessel owner Solstad Maritime has secured more work for its fleet with three vessels fixed to undisclosed clients. The company, which is expected to float on the Oslo Stock Exchange in the second quarter of this year, has landed a 135-day contract for the 2014-built construction support vessel…

  • Laden Russian tanker loses power in stormy Bay of Biscay

    Laden Russian tanker loses power in stormy Bay of Biscay A laden Russian-flagged tanker has broken down in the stormy Bay of Biscay off France. The Unity, a 16-year-old aframax, departed Primorsk on January 16 with Russian oil bound for Mangalore in India. The ship ran into difficulties overnight off the west coast of France.…

  • Fastest growing flag data brings shadow fleet into light

    Fastest growing flag data brings shadow fleet into light San Marino, Guyana, Sierra Leone, Comoro Islands, Guinea Bissau and most notably Guinea are the flag states that stand out for their extraordinary fleet growth in the latest data compiled in Clarksons Research’s World Fleet Monitor, statistics that highlight the whack-a-mole game authorities in the West…

  • CMA CGM inks 2025’s largest ship orders to date

    CMA CGM inks 2025’s largest ship orders to date France’s CMA CGM is being widely tipped as the European owner mentioned in a release today by HD Hyundai Heavy Industries behind the biggest ship orders in the year to date. Splash understands CMA CGM has contracted the Korean shipyard to build twelve 18,000 teu LNG…

  • Performance Shipping extends aframax charter at lower rate

    Performance Shipping extends aframax charter at lower rate Greece’s Performance Shipping has extended the time charter contract for an aframax tanker with Glencore subsidiary ST Shipping & Transport. The deal will see the deal for the 2011-built, 105,525 dwt tanker P. Monterey extended for 12 months. The charterer has the option to shorten or extend…

  • New report highlights shipping’s weak position within the global energy transition

    New report highlights shipping’s weak position within the global energy transition A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with…

  • Aker Solutions forms partnership for work on Vår Energi assets

    Aker Solutions forms partnership for work on Vår Energi assets Norway’s Aker Solutions has entered a strategic partnership agreement to deliver maintenance and modification services on Vår Energi-operated assets on the Norwegian Continental Shelf. The partnership, which also includes Honeywell and StS-ISONOR, will work under a five-year deal with the option to be extended up…

  • Mercurius back at New Jiangzhou Shipyard for more chemical tankers

    Mercurius back at New Jiangzhou Shipyard for more chemical tankers Dutch owner Mercurius Shipping has returned to China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry for more stainless steel chemical tankers. The inland waterway shipping player has signed up for a pair of 6,000 newbuilds, with delivery likely by June and September 2026. No price has…

  • Østensjø Rederi rakes in over $260m in vessel contracts and extensions

    Østensjø Rederi rakes in over $260m in vessel contracts and extensions Norwegian offshore shipowner and operator Østensjø Rederi has revealed several new contracts and extensions for its fleet worth approximately NOK 3bn ($263m). The company agreed to extend existing contracts with DeepOcean for the 2016-built Edda Freya and the 2008-built Edda Flora through 2026 and…

  • Höegh Evi and SEFE partner on hydrogen supply chain development

    Höegh Evi and SEFE partner on hydrogen supply chain development Norwegian marine infrastructure provider Höegh Evi has teamed up with Berlin-based Securing Energy for Europe (SEFE) to develop clean hydrogen supply chains for Germany and Europe. The company formerly known as Höegh LNG has signed a memorandum of understanding that will see the duo jointly…

  • Celsius seals Samsung Heavy LNG carrier order

    Celsius seals Samsung Heavy LNG carrier order Celsius Tankers, a unit of Danish owner Celsius Shipping, has ordered an additional 180,000 cu m LNG carrier at Samsung Heavy Industries. The newbuild will deliver in 2027 and enter into a long-term charter with a Japanese major. Celsius said its LNG carrier design will minimise CO2 emissions…

  • John Su looks to grow liner business

    John Su looks to grow liner business John Su-led Erasmus Shipinvest Group has unveiled plans to grow subsidiary Erasmus Lines.  The company has just taken delivery of the Ocean Echo, its first tween/MPP newbuilding from Imabari in Japan, with plans for more MPPs and containerships.  “To face the fast-moving geopolitically-impacted trades model and the increasing…

  • Höegh Autoliners bags two car shipping deals

    Höegh Autoliners bags two car shipping deals Norway’s Höegh Autoliners has clinched new shipping contracts with two major international carmakers. The Oslo-listed company said both contracts worth more than $100m and with commencement in January and May this year had been signed at rates reflecting the current market level. The operator of about 40 vessels…

  • Euroseas spinoff offloads vintage boxship 

    Euroseas spinoff offloads vintage boxship  Euroholdings, a recently announced three-ship spinoff and subsidiary of Nasdaq-listed Greek containership owner Euroseas, has already offloaded one of its vessels. Aristides Pittas-led Euroseas said the 1998-built 2,008 teu Diamantis P had been sold and delivered to an undisclosed buyer for $13.15m. The ship was handed over on a charter-free…

  • AD Ports readies boxship investments in Caspian region

    AD Ports readies boxship investments in Caspian region AD Ports Group has moved to expand its operations in the Caspian Sea region with two containership newbuilds. Noatum, the maritime and shipping arm of the Abu Dhabi-based ports and logistics giant, has signed a deal with Kazmortransflot, a subsidiary of Kazakh national oil company KazMunayGas, to…

  • AtoB@C signs up for six BAAS Shipping newbuilds

    AtoB@C signs up for six BAAS Shipping newbuilds AtoB@C Shipping, a Swedish subsidiary of ESL Shipping, part of the Finnish conglomerate Aspo, has continued its fleet renewal push with a long-term charter deal for six newbuildings. The shortsea operator will be adding low-emission 5,900 dwt ice class 1A bulkers to its fleet between 2025 and…

  • Solebay extends charters for Diana Shipping bulker pair

    Solebay extends charters for Diana Shipping bulker pair Greek bulker owner Diana Shipping has won time charter extensions for two of its vessels with Solebay Shipping. The first extension is for the 2007-built, 174,261 dwt capsize bulker Semirio. The gross charter rate is $16,650 per day, minus a 5% commission paid to third parties, for…

  • Svitzer books another battery-powered newbuild

    Svitzer books another battery-powered newbuild Danish towage operator Svitzer is adding another battery-powered newbuild to its fleet. The Copenhagen-based group with more than 450 vessels has contracted the Turkish Sanmar Shipyard to build the unit for delivery in the second half of 2025.  The electric tug, based on the design of naval architect Robert Allan,…

  • NATO, Baltic states and Taiwan to clamp down on cable cutters

    NATO, Baltic states and Taiwan to clamp down on cable cutters In Asia and Europe, authorities are taking action, trying to crack down on ships taking out critical subsea infrastructure.  NATO secretary-general, Mark Rutte co-hosted a summit of Baltic Sea allies yesterday launching new military activity in the region to protect critical infrastructure following a…

  • Lloyd’s List Intelligence buys Infospectrum

    Lloyd’s List Intelligence buys Infospectrum Maritime data and analytics business Lloyd’s List Intelligence has acquired counterparty risk provider Infospectrum. Established in 1999, Infospectrum provides due diligence, credit reporting and risk management consultancy services for the shipping and commodity sectors. The UK-based outfit counts about 50 analysts and more than 1,000 clients.  The move is expected…

  • Bibby Marine selects new yard for electric CSOV newbuild

    Bibby Marine selects new yard for electric CSOV newbuild UK shipowner Bibby Marine has found a new shipbuilder in Spain for its electric commissioning service operation vessel (eCSOV). The contract for the innovative eCSOV has been moved from Gondan Shipbuilders to shipyard Armon after the project timelines were unable to be fulfilled, the company told…

  • Wallenius Wilhelmsen seals deal for Gothenburg terminal

    Wallenius Wilhelmsen seals deal for Gothenburg terminal Norwegian car carrier player Wallenius Wilhelmsen has reached an agreement to take over the terminal operations at Sweden’s Gothenburg port from February 2026. The Oslo-listed company said its aim is to develop Scandinavia’s largest port for vehicles, acting as an integrated supply chain partner and transforming the terminal…

  • Louis Dreyfus Armateurs lands $575m Vattenfall SOV deal

    Louis Dreyfus Armateurs lands $575m Vattenfall SOV deal Louis Dreyfus Armateurs (LDA) has secured a contract for up to three service operation vessels that will be deployed on offshore wind sites in the German North Sea. The French family-owned shipowner has emerged as a winner of an SOV tender issued by Sweden’s biggest utility, Vattenfall,…

  • Diana Shipping fixes out cape to SwissMarine

    Diana Shipping fixes out cape to SwissMarine Greek bulker owner Diana Shipping has entered into a time charter contract with SwissMarine for one of its capesize vessels. Stone Shipping hired the 2010-built, 177,773 dwt bulker New York. The gross charter rate is $17,600 per day, minus a 5% commission paid to third parties, for a…

  • Van Oord clinches cable installation contract in Taiwan

    Van Oord clinches cable installation contract in Taiwan Dutch marine construction firm Van Oord has been contracted by Danish fund manager and renewables investor Copenhagen Infrastructure Partners (CIP) to install inter-array cables for the Fengmiao 1 offshore wind farm in Taiwan. Under the contract with an undisclosed value, Van Oord will transport and install 33…

  • Elbdeich back for more Wenchong boxships

    Elbdeich back for more Wenchong boxships German owner Elbdeich Reederei has returned to China’s Wenchong yard for up to four more containership newbuilds. Copenhagen-based MB Shipbrokers reports Elbdeich is ordering a pair of 1,900 teu vessels at about $32.2m each, with options attached for two more. Unlike the 1,300 teu methanol dual-fuel boxships the company…

  • Pot Scheepvaart back at Royal Bodewes for another MPP newbuild

    Pot Scheepvaart back at Royal Bodewes for another MPP newbuild Dutch owner Pot Scheepvaart has returned to fellow shipyard Royal Bodewes with an order for an additional 6,340 dwt multipurpose (MPP) newbuild. The new contract, which follows another unit booked for construction in March last year, will see the vessel delivered in 2027. The Delfzijl-based…

  • Solstad scores three-year CSV fixture

    Solstad scores three-year CSV fixture Norwegian vessel owner Solstad Maritime has fixed its construction support vessel (CSV) Normand Frontier to an international contractor for three years. Solstad Offshore, which owns 27% of Solstad Maritime, said the contract has an immediate startup and will keep the 2014-built CSV fully utilised until the end of 2027. The…

  • Next Geosolutions secures more work for TenneT

    Next Geosolutions secures more work for TenneT Offshore energy services contractor Next Geosolutions has been selected by Dutch-German transmission system operator TenneT for site surveys at two wind farm zones off the Netherlands. The contract worth €27m ($27.7m) will see the company, part of Naples-based shipping group Marnavi, carry out marine UXO surveys in the…

  • Mainport Shipping secures funding for N-Sea bound OSV newbuild

    Mainport Shipping secures funding for N-Sea bound OSV newbuild Mainport Shipping has secured funding from the Eurazeo Sustainable Maritime Infrastructure (ESMI) Fund for the construction of its Geo Master hybrid survey and ROV support vessel. The vessel is being built by the Neptune Construction yard in the Netherlands. It is set to be delivered in…

  • Subsea 7 scores Equinor contract

    Subsea 7 scores Equinor contract Oslo-listed Subsea 7 has won a contract from energy major Equinor for a front-end engineering and design (FEED) study for the Fram Sør development project, offshore Norway. The study will finalise the technical definition of the proposed subsea development before Equinor and its partners make the final investment decision, the…

  • MOL to develop green corridor linking Portugal and Northern Europe

    MOL to develop green corridor linking Portugal and Northern Europe Japan’s largest shipowner Mitsui OSK Lines (MOL) has signed a memorandum of understanding (MOU) to develop a green corridor connecting Portugal to Northern Europe with the producer of green chemicals and gases Madoqua Renewables. This green corridor project aims to establish a shipping route utilising…

  • Monjasa brings in ADNOC L&S LNG carrier as FSU in Dubai

    Monjasa brings in ADNOC L&S LNG carrier as FSU in Dubai Danish marine fuels supplier Monjasa is strengthening its LNG bunkering business in the United Arab Emirates by chartering a dedicated floating storage unit. The company, which recently completed UAE’s first LNG bunkering via NYK’s chartered-in 5,000 cu m Green Zeebrugge is now bringing in…

  • SBM Offshore invests in Blue Power hub developer

    SBM Offshore invests in Blue Power hub developer Dutch floater expert SBM Offshore has invested in Ocean-Power, a company developing an offshore power hub that generates electricity using gas turbines and carbon capture and storage. The investment by the company follows a memorandum of understanding between SBM Offshore and the Norwegian company signed in June…

  • Taiwan’s Dong Fang Offshore enters European market with DeepOcean charter deal

    Taiwan’s Dong Fang Offshore enters European market with DeepOcean charter deal Taiwanese owner and operator Dong Fang Offshore (DFO) has sealed a deal to charter out one of its construction support vessels to Norwegian ocean services provider DeepOcean. The subsidiary of Hung Hua Construction, with a fleet of 16 vessels including those under construction, has…

  • ASCO scores $88m contract in Norway

    ASCO scores $88m contract in Norway Aberdeen-based energy logistics group, ASCO, has won a contract from Aker BP in Tananger, Sandnessjøen, and Farsund in Norway. The deal covers base and logistics services as well as continued services in warehouse management, load carriers, waste services, and personnel leasing for logistics and helicopter coordination. The potential total…

  • Ziton bolsters jackup fleet 

    Ziton bolsters jackup fleet  Danish shipowner and offshore wind specialist Ziton has expanded its fleet of operations and maintenance jackup vessels. The company, acquired by a fund advised by Australia’s Macquarie Asset Management last year, is adding the 2011-built unit named Wind Discovery for an undisclosed sum, taking its fleet to six dedicated O&M jackups.…

  • Heerema secures TenneT floatover barge deal

    Heerema secures TenneT floatover barge deal Dutch offshore construction player Heerema Marine Contractors has inked a contract with Dutch-German transmission system operator TenneT for the delivery of a new float-over barge, tailored for the installation of ultra-heavy topsides. The TSO plans to connect 14 high-voltage direct current (HVDC) offshore grid connection systems with a transmission…

  • Euroseas to spin off three older boxships into new US-listed vehicle

    Euroseas to spin off three older boxships into new US-listed vehicle Nasdaq-listed Greek containership owner Euroseas has revealed plans to spin off three of its oldest vessels into a separate publicly listed company. The Aristides Pittas-led tonnage provider with 27 ships on fully delivered basis will place the 1997-built Aegean Express, the 1998-built 2008 teu…

  • Equinor secures $3bn in financing for US offshore wind project

    Equinor secures $3bn in financing for US offshore wind project Norwegian energy giant Equinor has secured a $3bn financing package for its Empire Wind 1 project in the US. The company explained that the project was able to secure competitive terms due to strong interest from lenders. “The final group of lenders includes some of…

  • TotalEnergies, Vantage Drilling form drillship-owning entity

    TotalEnergies, Vantage Drilling form drillship-owning entity Offshore drilling contractor Vantage Drilling has created a joint venture entity with French energy major TotalEnergies, which will own the Tungsten Explorer drillship. The creation of the JV, named TEVA Ship Charter, aligns with the memorandum of understanding signed between the two companies in February 2024. Under the terms…

  • Nortrans Offshore wins flotel work on Romanian gas project

    Nortrans Offshore wins flotel work on Romanian gas project Singapore-based Nortrans Offshore has landed a charter deal with Italian offshore engineering and construction giant Saipem for one of its maintenance and support vessels. The 2015-built flotel Temis will work on the Neptun Deep gas development project in the Romanian part of the Black Sea. The…

  • Globus Maritime bags sale and leaseback for ultramax newbuild

    Globus Maritime bags sale and leaseback for ultramax newbuild Greek dry bulk owner Globus Maritime has struck a sale and leaseback deal for one of its recently delivered vessels. The Nasdaq-listed company said it had sold its ultramax Glbs Magic to a Japanese buyer for $25m in December and chartered the 2024-built bulker back for…

  • Subsea 7 gets work on Turkish offshore gas field

    Subsea 7 gets work on Turkish offshore gas field Offshore engineering and services player Subsea 7 has won a contract for the inspection, repair, and maintenance services for the Sakarya gas field development in the Black Sea from the Turkish Petroleum Offshore Technology Center. The contract scope includes project management and engineering executed and managed…

  • EDF, Ocean Winds-led consortiums win French floating wind round

    EDF, Ocean Winds-led consortiums win French floating wind round French Ministry of Industry and Energy has selected partnerships between EDF Renewables and Maple Power as well as Ocean Winds and Banque des Territoires to build and operate a 250 MW floating offshore wind farm each in the Mediterranean. The two projects were selected following the…

  • Seadrill sells jackup after being unemployed for eight years

    Seadrill sells jackup after being unemployed for eight years Offshore rig owner Seadrill has completed the sale of its only cold-staked jackup – the West Prospero. Seadrill sold the West Prospero for cash proceeds of $45m. The 2007-built rig has been cold-stacked since 2016. Its last contract was from May 2014 until May 2016 with…

  • Wallenius Wilhelmsen unit lands $4.2bn deal with Hyundai and Kia

    Wallenius Wilhelmsen unit lands $4.2bn deal with Hyundai and Kia Wallenius Wilhelmsen’s car carrier operator, Eukor, has secured a new and improved contract with Hyundai Motor Group. Wallenius Wilhelmsen said Friday that the term of the renewed deal has been increased from three to five years while the share of Korean exports will also be…

  • NKT scores $1bn cabling deal in Germany with TenneT

    NKT scores $1bn cabling deal in Germany with TenneT Danish offshore cabling specialist NKT has been awarded two turnkey projects in Germany under a multi-year framework agreement with transmission system operator TenneT. TenneT has selected NKT to provide 525 kV XLPE HVDC on- and offshore power cable systems for two projects. The scope involves cable…

  • Finland detains Russia-linked tanker after latest Baltic Sea cables incident

    Finland detains Russia-linked tanker after latest Baltic Sea cables incident Finnish authorities have detained a tanker suspected of being involved in the damage of a subsea power cable connecting Finland and Estonia and disruptions of several data cables. The police and border guard boarded the Cook Islands-flagged LR1 tanker Eagle S carrying oil from Russia…

  • Diana Shipping extends post-panamax charter at reduced rate

    Diana Shipping extends post-panamax charter at reduced rate New York-listed Greek bulker owner Diana Shipping has won an extension of a time charter contract for one of its post-panamax vessels with Belgium’s Cobelfret. Diana Shipping agreed on an extension for its 2012-built, 98,697 dwt bulker Amphitrite. The original deal for the vessel started on November…

  • Dolphin Drilling wins $100m in Nigerian court case

    Dolphin Drilling wins $100m in Nigerian court case Semisub rig owner Dolphin Drilling has won a prolonged court spat with Nigerian oil company General Hydrocarbons Limited over a contract termination. The disagreement between the two companies started in April this year when Dolphin Drilling terminated a contract for the Blackford Dolphin rig with the Nigerian…

  • Golar LNG buys remaining stake in FLNG unit for $90m

    Golar LNG buys remaining stake in FLNG unit for $90m Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch. The acquisitions comprise all third-party interests in the asset, including 5.45% common units, 10.9% Series A, and 10.9% Series B…

  • TotalEnergies adds more time to Northern Drilling semisub deal

    TotalEnergies adds more time to Northern Drilling semisub deal French energy major TotalEnergies has exercised an extension option for Northern Drilling’s semisub Deepsea Mira. John Fredriksen-controlled Northern Ocean, a semisub rig spin-off of Northern Drilling, won the extension back in August. The rig, managed by Odfjell Drilling, has been working in Namibia under a multi-country…

  • SBM Offshore orders FPSO hull from Shanghai Waigaoqiao Shipbuilding

    SBM Offshore orders FPSO hull from Shanghai Waigaoqiao Shipbuilding Dutch floater expert SBM Offshore has ordered another FPSO hull based on its universal Fast4Ward design from China’s Shanghai Waigaoqiao Shipbuilding (SWS). This will be the sixth such hull the firm ordered from SWS. The FPSO, once completed, will be able to hold 2.3m barrels of…

  • Boxship capsizes at Turkish port

    Boxship capsizes at Turkish port A Comoros-flagged containership, Amnah, tilted sideways and then capsized at the Ambarli port in Turkey. The incident took place on Monday at about 04.00 hrs local time due to imbalanced load distribution. The rescue team evacuated 10 of the 15 crewmembers, while the remaining five were forced to jump into…

  • Windward to be acquired by US investor FTV Capital for $270m

    Windward to be acquired by US investor FTV Capital for $270m London-listed Israeli predictive maritime intelligence firm Windward is set to be acquired by US investment firm FTV Capital in a deal valued at £216m ($270m) million. Windward will be bought out by Octopus UK Bidco, a subsidiary of FTV Capital’s investment fund at 215p…

  • Longship boosts orderbook with newbuild brace

    Longship boosts orderbook with newbuild brace Netherlands-based shortsea operator Longship Group has bolstered its orderbook of eco-friendly general cargo vessels. The company has signed up for a pair of 3,700 dwt GS Eco-Freighters at compatriot GS Projects and Ship and Steelbuilding (SaS) in Waterhuizen following an order for two similar ships, which have already been…

  • Saipem back in business in Brazil

    Saipem back in business in Brazil A Brazilian court has informed Italian offshore engineering and construction giant Saipem that it can resume normal operations in Brazil. Saipem was suspended from signing new contracts with the Brazilian public administration for two years following a probe into alleged irregularities surrounding a deal signed with Petrobras in 2011.…

  • MSC boss Soren Toft takes the chair at World Shipping Council

    MSC boss Soren Toft takes the chair at World Shipping Council Mediterranean Shipping Company (MSC) chief executive Soren Toft has been elected as the new chairman of the liner lobby group, the World Shipping Council (WSC). Randy Chen, vice chairman of Taiwanese containerline Wan Hai, has been elected vice chair. Toft and Chen will serve…

  • Swedish police boards Chinese bulker to observe cable outage investigation

    Swedish police boards Chinese bulker to observe cable outage investigation Swedish police on Thursday boarded the Yi Peng 3, a 23-year-old panamax bulker owned by Ningbo Yipeng Shipping and linked to the severing of two data cables in the Baltic Sea after being invited by Chinese authorities. The vessel has been wanted for questioning by Sweden…

  • EnTrust strikes deal on cash offer for Belships

    EnTrust strikes deal on cash offer for Belships US asset management firm EnTrust Global is set to launch a voluntary cash tender offer to take over Norwegian bulker owner Belships.  Blue Northern, a special purpose vehicle formed by funds managed by the Blue Ocean maritime investment team at EnTrust, will offer NOK20.50 per share in…

  • Baltic Exchange names new chairman

    Baltic Exchange names new chairman Guy Hindley has been appointed as the new chairman of the Baltic Exchange Council. Hindley takes over on January 1 from Lord Jeffrey Mountevans, who has held the position for the past two years.  Hindley has been on the Baltic Exchange Council since January 2019 and is the managing partner…

  • Stainless Tankers offloads two oldest vessels

    Stainless Tankers offloads two oldest vessels Stainless Tankers of Norway has found a buyer for two of its oldest vessels listed for sale earlier this year. The Oslo-listed outfit backed by UK-based Tufton Investment Management is offloading the 2005-built J19 stainless steel units Monax and Marmotas for $31.2m. The buyer was not disclosed, but the…

  • Sebastian von Hardenberg to take over at Bernhard Schulte Shipmanagement

    Sebastian von Hardenberg to take over at Bernhard Schulte Shipmanagement Germany’s Bernhard Schulte Shipmanagement (BSM), with a fleet of over 670 vessels under management, will enter the next year with a new chief executive. Ian Beveridge is handing over the position to the company’s chief financial officer, Sebastian von Hardenberg, who joined the Schulte Group…

  • MOL hires cape from Diana Shipping

    MOL hires cape from Diana Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japan’s largest shipowner Mitsui O.S.K. Lines (MOL) for one of its capesize vessels. The company hired the 2015-built, 179,426 dwt bulker Santa Barbara. The gross charter rate is $22,000 per day, minus a 5% commission…

  • Performance Shipping pens aframax charter with AET

    Performance Shipping pens aframax charter with AET Greece’s Performance Shipping has entered into a time charter contract with American Eagle Tankers (AET) for one of its aframax vessels. The deal will see the 2011-built, 104,623 dwt tanker Blue Moon work for AET, the tanker arm of Malaysia’s top shipping line MISC, for 21 months. The…

  • Monjasa makes LNG bunkering move in the UAE

    Monjasa makes LNG bunkering move in the UAE Denmark-based bunker supplier Monjasa has brought in an LNG bunkering vessel on charter for deployment in the UAE. The company’s move into the LNG bunkering space has seen NYK’s 5,000 cu m Green Zeebrugge fixed for an undisclosed period in what Monjasa says was a response to…

  • Giant 400,000 dwt VLOC sets new wind installation record

    Giant 400,000 dwt VLOC sets new wind installation record Anemoi Marine Technologies has completed the installation of five rotor sails onboard the 400,000 dwt VLOC Sohar Max making it the largest vessel to receive wind propulsion technology to date. Sohar Max is a first-generation Valemax, built in 2012 in China’s Rongsheng shipyard, and owned by…

  • Diana Shipping fixes kamsarmax to China Resource Chartering

    Diana Shipping fixes kamsarmax to China Resource Chartering New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with China Resource Chartering for one of its kamsarmax vessels. The company hired the 2013-built, 75,403 dwt bulker Maera. The gross charter rate is $8,400 per day, minus a 5% commission paid to third…

  • Halkidon Shipping sells LR2

    Halkidon Shipping sells LR2 Greek tanker player Halkidon Shipping has sealed a deal privately, doubling its money offloading the 14-year-old 112,700 dwt, New Times-built LR2 tanker Elli.  This ship was purchased in a bank-driven sale in 2018, adding one of the last ships from Gregory Callimanopoulos’s Toisa for $22m.  The vessel has now been sold and renamed…

  • Insurance checks instituted for Russian shadow fleet passing through the Baltic

    Insurance checks instituted for Russian shadow fleet passing through the Baltic A number of European nations have followed the lead taken by the UK in demanding insurance details from Russian-linked ships passing through their waters, something that is expected to put pressure on Russia’s exports through the Baltic.  The UK started this crackdown in October,…

  • Ineos buys CNOOC’s US assets

    Ineos buys CNOOC’s US assets Ineos Energy has acquired the Gulf of Mexico business held by the US subsidiary of Chinese company CNOOC International Limited. The deal increases Ineos’ production globally to over 90,000 barrels of oil equivalent per day. These assets in the Gulf of Mexico are the third major investment by the company…

  • Kosmos Energy confirms takeover talks with Tullow Oil

    Kosmos Energy confirms takeover talks with Tullow Oil US oil and gas player Kosmos Energy has confirmed that it is in preliminary discussions to take over the UK-based independent exploration firm Tullow Oil. Both companies issued statements which confirmed the discussions after media reports speculated on the possibility of the deal happening. Kosmos said in…

  • Castor Maritime buys MPC Capital

    Castor Maritime buys MPC Capital Petros Panagiotidis-led Castor Maritime is buying a majority stake in MPC Münchmeyer Petersen Capital (MPC Capital), spending EUR182.8m ($192.6m) to take 74.09% of the shares in the Frankfurt-listed company. MPC Capital is an investment and asset manager specialising in infrastructure projects in the maritime and energy sectors. It is the…

  • Finland forces ships to discharge wastewater in port

    Finland forces ships to discharge wastewater in port The Finnish parliament has passed legislation banning cargo ships from discharging wastewater in the country’s coastal waters. The law will become effective next July.  “This is a huge achievement. Major environmental victories are rare, but this decision is truly world-class. No other country has enacted such ambitious…

  • Wallenius Wilhelmsen wins two transport deals worth $375m

    Wallenius Wilhelmsen wins two transport deals worth $375m Norwegian car carrier operator Wallenius Wilhelmsen has signed two multi-year shipping contracts with large automobile OEMs, both including biofuel. The first is a three-year shipping contract valued at approximately $263m over the contract period based on the assessed volume. This contract adopts Wallenius Wilhelmsen’s re-engineered bunker adjustment…

  • EU sanctions another 50 Russia-linked ships

    EU sanctions another 50 Russia-linked ships The European Union has unveiled its latest package of sanctions against Russia, with around 50 ships from the shadow fleet targeted.  EU foreign ministers are expected to formally adopt the sanctions package on Monday.  Further sanctions are expected in the new year when Poland takes over the presidency of…

  • Odfjell snaps up four leased tankers

    Odfjell snaps up four leased tankers Norway’s Odfjell is boosting its owned fleet through a purchase option on four vessels it currently has on long-term lease deals. The move will see the Oslo-listed chemical tanker owner and operator add a total of seven 35,000 dwt to 41,000 dwt stainless-steel super-segregator vessels in the next 14…

  • Next Geosolutions expands fleet with MPSV acquisition

    Next Geosolutions expands fleet with MPSV acquisition Marine geoscience and offshore construction support player Next Geosolutions (NextGeo) is expanding its fleet with the acquisition of a multipurpose survey vessel (MPSV) from Norway’s Beitveit Holding. The Milan-listed company, part of Naples-based shipping group Marnavi, is paying €6.75m ($7.1m) for the 2010-built Sea Admiral, which will be…

  • Dynacom linked to more suezmax orders

    Dynacom linked to more suezmax orders Greece’s Dynacom Tankers has been tied to another deal for suezmax newbuilds, but this time in China. Brokers in Greece report George Procopiou’s company has signed a letter of intent for four 163,000 dwt ships at Chinese state-run Qingdao Beihai Shipbuilding. The quartet is priced at about $328m, with…

  • Star Capital becomes majority stakeholder in subsea equipment provider

    Star Capital becomes majority stakeholder in subsea equipment provider UK private equity firm STAR Capital Partnership (STAR) has become the new majority shareholder in Subsea Technology & Rentals (STR). The investment will enable STR to further evolve its equipment and service offering through organic and acquisition-led growth. It will also expand the company’s geographical presence to…

  • US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns

    US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club…

  • Specialist workshops added to Geneva Dry

    Specialist workshops added to Geneva Dry Based on feedback from delegates to this year’s event, the organisers of Geneva Dry have added two specialist workshops to next year’s edition of the world’s premier commodities shipping conference. On the morning of April 28, delegates will be able to attend both the Crewing In The Digital Age…

  • Höegh Autoliners secures new five-year car shipping deal

    Höegh Autoliners secures new five-year car shipping deal Norwegian car carrier player Höegh Autoliners has inked a new five-year contract for the transport of a significant volume of cars. The client was not revealed but was described as a ‘major international car producer’. The transport of the vehicles, according to the company, will be done…

  • Wood signs three new deals with BP for worldwide engineering services

    Wood signs three new deals with BP for worldwide engineering services UK consulting and engineering firm Wood has signed three major agreements with oil major BP to provide engineering and project delivery services for their capital projects worldwide. The contracts cover a new master services agreement for engineering, procurement, and construction management (EPCm) services as…

  • AKOFS Offshore gets $300m extension for well intervention vessel

    AKOFS Offshore gets $300m extension for well intervention vessel Norwegian energy giant Equinor has exercised a three-year option for one of AKOFS Offshore’s well intervention vessels. Equinor awarded the extension to the vessel AKOFS Seafarer. The option period is estimated to begin in the late fourth quarter of 2025 after the vessel has completed its…