krogragg

Category: Asia

  • GMS pushes EU to recognise India’s ship recycling capacity

    GMS pushes EU to recognise India’s ship recycling capacity GMS, the world’s largest cash buyer of ships for recycling, has called on the European Commission to approve qualified Indian ship recycling yards for inclusion on the European List under the EU Ship Recycling Regulation (EU SRR). Over 110 Indian yards already hold Hong Kong Convention…

  • Great Eastern keeps fleet renewal on course with fresh kamsarmax buy

    Great Eastern keeps fleet renewal on course with fresh kamsarmax buy India’s The Great Eastern Shipping has continued its steady fleet renewal drive, lining up another secondhand bulker as it reshapes its portfolio. The Mumbai-listed owner said it has contracted to buy a 2014-built Japanese kamsarmax, without providing any further details about the deal, except…

  • MISC lifts Hudong-Zhonghua LNG series

    MISC lifts Hudong-Zhonghua LNG series Malaysia’s MISC has increased its LNG newbuilding programme in China to five vessels after signing for two additional carriers at Hudong-Zhonghua Shipbuilding. The latest order covers a pair of 174,000 cu m newbuilds, which will be chartered to Malaysia’s national oil company Petronas under a 20-year contract. The long-term charter…

  • Radziwill’s CTM adds firepower with new investors

    Radziwill’s CTM adds firepower with new investors Bermuda-domiciled dry bulk operator C Transport Maritime has brought Japan’s Tokyo Century Corporation and Norway’s Barque onto its register as new shareholders. As part of the deal, both investors have taken equity stakes in the company and appointed representatives to the board. Financial details were not disclosed. CTM…

  • EPS boosts VLCC series with two more Hengli newbuilds

    EPS boosts VLCC series with two more Hengli newbuilds Singapore-based owner Eastern Pacific Shipping (EPS) is expanding its renewed push into the VLCC segment with two more newbuildings lined up at Hengli Shipbuilding. The vessels form part of a five-ship order for 306,000 dwt VLCCs announced by the Dalian yard last week, with deliveries scheduled…

  • NYK and Ocean Yield expand LNG carrier series to eight ships

    NYK and Ocean Yield expand LNG carrier series to eight ships Japan’s Nippon Yusen Kaisha (NYK) and Norwegian shipleasing specialist Ocean Yield have bolstered their LNG carrier programme after declaring options for additional newbuildings to serve long-term charters with Cheniere Energy. The partners have doubled their orderbook at HD Hyundai Heavy Industries to eight large…

  • KMTC tied to six HD Hyundai boxships

    KMTC tied to six HD Hyundai boxships Seoul-based liner operator Korea Marine Transport Co (KMTC) has emerged as the owner behind a series of six feeder containership newbuildings booked at HD Hyundai Group yards. Shipbuilding sources say KMTC is the Asian owner behind a KRW 372.4bn ($258m) contract disclosed last week by HD Korea Shipbuilding…

  • Splash Wrap: The world of shipping condensed

    Splash Wrap: The world of shipping condensed Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway.  Last Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally…

  • CMA CGM fills gap between Japan and Europe

    CMA CGM fills gap between Japan and Europe France’s CMA CGM is filling a gap linking the world’s third largest economy with the continent of Europe, launching Ocean Rise Express (OCR), a new weekly direct service linking Japan and South China straight to North Europe, offering what the carrier says are the best transit times…

  • Hafnia lines up sales of 10 ageing tankers

    Hafnia lines up sales of 10 ageing tankers Product tanker giant Hafnia has confirmed the sale of a batch of older vessels as part of its ongoing fleet renewal drive, validating recent market talk about multiple disposals. The BW Group-backed owner has agreed to sell 10 tankers to external buyers, with the ships currently pending…

  • Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run

    Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run One of the best-known names in container shipping is stepping back from his frontline role. Jeremy Nixon, who has been CEO of Japanese liner Ocean Network Express (ONE) since it was founded in 2018, will move aside at the start of July,…

  • US naval forces board sanctioned Iran-linked tanker in Indian Ocean

    US naval forces board sanctioned Iran-linked tanker in Indian Ocean US naval forces have boarded the Cook Islands-flagged tanker Bertha within the US Indo-Pacific Command Area of Responsibility in the Indian Ocean. The US Department of War stated that forces conducted a “right-of-visit maritime interdiction and boarding” overnight without incident. The Department said on X…

  • Orkim secures MR2 charter with Petronas trading unit

    Orkim secures MR2 charter with Petronas trading unit Malaysian tanker owner and operator Orkim has entered into a time charter contract for one of its vessels with Petronas’ trading arm, PETCO Trading Labuan Company. Under the contract, the charter period is for six months commencing from the end of February 2026, with an option to…

  • Celsius seals Samsung Heavy LNG carrier order

    Celsius seals Samsung Heavy LNG carrier order Celsius Tankers, part of Danish owner Celsius Shipping, has placed an order for an additional 180,000 cu m LNG carrier with South Korea’s Samsung Heavy Industries. The deal brings Celsius Tankers’ LNG fleet to 24 vessels, bolstering the company’s ongoing expansion in the segment. Samsung Heavy Industries confirmed…

  • Sinokor now controls one in four compliant VLCCs

    Sinokor now controls one in four compliant VLCCs One in four compliant VLCCs are now controlled by Ga-Hyun Chung-led Sinokor, according to analysis by Norwegian broker Fearnleys, following the Korean company’s dramatic supertanker raid in the S&P and charter markets over the past few months. Fearnleys suggests Sinokor now controls about 25% of the compliant…

  • Fire claims two lives aboard Singapore-flagged bulker

    Fire claims two lives aboard Singapore-flagged bulker An engine room fire on the Singapore-flagged bulk carrier Mandy has claimed two lives, with a third crewman airlifted to a hospital. The 2010-built bulker, en route from Singapore since February 8, was hit by the blaze at 7:35 pm Singapore time on February 17, just shy of…

  • SeaLead appoints new chief executive

    SeaLead appoints new chief executive Singapore-based liner operator SeaLead has appointed Cho Kit Wei as its new chief executive officer, promoting the current chief operating officer to the top role from March 2, 2026. Cho, a shipping executive with more than 20 years’ experience, has been with SeaLead since 2021. Before joining the company, he…

  • Elderly capesize heads for Bangladesh recycling

    Elderly capesize heads for Bangladesh recycling A 2002-built capesize bulker has been reported sold for demolition in Bangladesh, marking the first cape recycling deal of the year. The 176,000 dwt Beihai, a CSBC Kaohsiung-built unit now sailing under the flag of St Kitts & Nevis and managed by Green Ocean Ship Management, has surfaced as…

  • Sanctioned LR1 tanker heads for scrap at Alang

    Sanctioned LR1 tanker heads for scrap at Alang A 2004-built, Jamaica-flagged LR1 tanker tied to high-risk trading patterns has been reported sold for recycling, according to market sources.  The 72,700 dwt unit, named Diana, which was sanctioned by the US Treasury’s OFAC in December, has now been tracked as anchored in the demolition zone at Alang…

  • Precious Shipping diversifies with MR tanker acquisition

    Precious Shipping diversifies with MR tanker acquisition Thailand’s Precious Shipping has made its first move into the tanker sector with the acquisition of a medium-range product tanker as it looks to diversify beyond dry bulk. The Bangkok-listed owner said its wholly owned Singapore subsidiary, Precious Horizon, has agreed to buy the 2006-built MR tanker Florence…

  • Fednav returns to Oshima for new handysize series

    Fednav returns to Oshima for new handysize series Canadian dry bulk owner and operator Fednav is heading back to Japan for a new series of handysize bulkers, marking its latest move in the newbuilding market. The Montreal-based company has signed a letter of intent with Oshima Shipbuilding for four 35,000 dwt lakers, with deliveries scheduled…

  • MISC wins contract to supply first-ever Papua New Guinea FSO

    MISC wins contract to supply first-ever Papua New Guinea FSO Malaysia’s MISC has secured a bareboat charter deal with ExxonMobil to supply Papua New Guinea’s first offshore floating storage and offloading (FSO) unit. The 15-year firm contract carries an option for ExxonMobil’s Papua New Guinea arm to extend another 15 years. Operations will kick off…

  • Sinokor becomes the world’s ‘super operator’ of supertankers

    Sinokor becomes the world’s ‘super operator’ of supertankers Sinokor’s stunning raid in the tanker markets over the past two months is making the Korean shipowner the largest operator of VLCCs in the world.  Sinokor’s recent purchase of potentially over 50 secondhand VLCCs, plus the company’s securing of a significant volume of tonnage under time charter,…

  • Cadeler arm wins Taiwan offshore wind O&M contract

    Cadeler arm wins Taiwan offshore wind O&M contract Cadeler’s service arm, Nexra, has signed a firm contract for an operations and maintenance campaign in Taiwan. The contract with an undisclosed client is expected to exceed €20m ($23.7m) and will be executed across two offshore wind farms in Taiwan. The campaign will commence in March 2026,…

  • BW LPG fixes two VLGCs on three-year time charters

    BW LPG fixes two VLGCs on three-year time charters VLGC owner and operator BW LPG has entered three-year time charter-out contracts for two of its vessels. The deals were struck for the 2016-built, 84.612 cu m BW Tucana and the 2020-built, 83,315 cu m BW Yushi. The client was left undisclosed. The period charters commenced…

  • Tsakos lines up return to LNG newbuilds in South Korea

    Tsakos lines up return to LNG newbuilds in South Korea Greece’s Tsakos Energy Navigation (TEN) is moving closer to a return to the LNG carrier newbuilding market, lining up its first gas ship orders in roughly seven years. Shipbuilding sources say the Tsakos Group is finalising a deal with HD Hyundai Heavy Industries for two…

  • GSX Energy firms up LNG bunker pair in China

    GSX Energy firms up LNG bunker pair in China GSX Energy has firmed up an order for two additional LNG bunkering vessels at China’s Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE), lifting its series at the yard to four ships. GSX Energy was formed in October 2025 as a joint venture between Sabrina Chao-…

  • Government reshuffle aims to turn PT PAL into Indonesia’s shipbuilding engine

    Government reshuffle aims to turn PT PAL into Indonesia’s shipbuilding engine Indonesia is revamping its state-owned shipbuilding sector, bringing it all under one roof, while tapping state-run lines to order domestically.  PT PAL Indonesia, the nation’s top state-owned shipbuilder, will become a holding company for all government-owned shipyards under the plans unveiled yesterday. The policy…

  • NYK and Ocean Yield clinch LNG carrier deal with Cheniere

    NYK and Ocean Yield clinch LNG carrier deal with Cheniere Japan’s Nippon Yusen Kaisha (NYK), together with Norwegian shipleasing player Ocean Yield, has locked in long-term charter contracts for a series of new liquefied natural gas carriers with US LNG heavyweight Cheniere. The fixture confirms market talk that emerged in December when NYK and Ocean…

  • Esvagt–KMC venture lines up CTV build backed by Vestas deal in South Korea

    Esvagt–KMC venture lines up CTV build backed by Vestas deal in South Korea KESTO, the offshore wind joint venture between Denmark’s Esvagt and South Korean shipping company KMC Line, has secured its first contracts, signing a long-term vessel deal with turbine maker Vestas for the Shinan-Ui offshore wind farm. Under the agreement, KESTO will provide…

  • MOL Chemical Tankers readies leadership change

    MOL Chemical Tankers readies leadership change MOL Chemical Tankers has announced a change at the top, with chief executive Akira Sasa set to retire at the end of March. Sasa, who took over as president and CEO in April 2022, joined the Singapore-based chemical tanker operator as a director in 2020 and has led the…

  • Sonangol books LNG carrier newbuild in South Korea

    Sonangol books LNG carrier newbuild in South Korea Angola’s state-controlled energy company Sonangol is moving to grow its gas shipping exposure, placing an order for a new LNG carrier in South Korea. HD Hyundai Samho Heavy Industries has secured the contract to build a 174,000 cu m unit, according to a regulatory filing by the…

  • Malaysia briefly detains two tankers off Penang

    Malaysia briefly detains two tankers off Penang Two tankers were briefly detained off Penang last week after Malaysian authorities intercepted what they say was an illegal ship‑to‑ship (STS) transfer of crude in waters long notorious as a hotspot for shadow fleet activity. The Malaysian Maritime Enforcement Agency (MMEA) said a patrol vessel found two tankers…

  • India sets aside $1.2bn to ramp container production

    India sets aside $1.2bn to ramp container production India has moved from talking about ships and ports to attacking the metal boxes that keep trade flowing. Finance minister Nirmala Sitharaman’s budget pledge contains a ₹10,000 crore ($1.2bn), five‑year scheme to build a domestic container manufacturing ecosystem. India’s current annual container output is roughly 30,000 units;…

  • Rex lines up jackup rig offshore Oman

    Rex lines up jackup rig offshore Oman Singapore-listed Rex International is pressing ahead with offshore development drilling in Oman after its unit Masirah Oil secured a jackup rig for work at the Yumna field. Masirah Oil said its parent company, Rex Oman, has signed a contract for the Energy Emerger jackup drilling rig, operated by…

  • PSA and MOL step up Singapore car carrier push

    PSA and MOL step up Singapore car carrier push PSA Singapore and Japanese shipping major Mitsui OSK Lines (MOL) have agreed to form a joint venture to run a dedicated roro terminal in the Lion City, tightening their grip on one of Asia’s busiest automotive transhipment hubs. The terminal, subject to regulatory approval, is expected…

  • Stena Bulk takes control of GSB tanker venture

    Stena Bulk takes control of GSB tanker venture Swedish tanker owner Stena Bulk has moved to strengthen its position in the chemical and specialised tanker market after lifting its stake in Golden Stena Baycrest Tankers (GSB) to become the majority shareholder. The additional shares were acquired from Bay Crest, with the joint venture remaining jointly…

  • Singapore’s Wealth Holdings books up to eight MPPs with Norden charter cover

    Singapore’s Wealth Holdings books up to eight MPPs with Norden charter cover Singapore-based Wealth Holdings is stepping into the multipurpose vessel space with a sizeable, charter-backed newbuilding programme, lining up to eight 17,400-dwt MPPs with Danish operator DS Norden providing time-charter cover. The deal covers four firm vessels with two plus two options, with Wealth…

  • Nortrans seals Equinor flotel extension

    Nortrans seals Equinor flotel extension Singapore-based Nortrans Offshore has secured a contract extension for its maintenance and support unit Temis, keeping the flotel on hire with Equinor at the Bacalhau FPSO project offshore Brazil. The 2015-built, 501-person unit was originally booked in late 2024. The firm contract covered five months from early 2025 and included…

  • Wan Hai tightens grip on Japan routes with Osaka terminal investment

    Wan Hai tightens grip on Japan routes with Osaka terminal investment Taiwanese containerline Wan Hai Lines is moving deeper into Japanese port infrastructure with the acquisition of Terminal C9 at Osaka Port, spending about $87m to strengthen its core intra-Asia network. The Taipei-headquartered carrier said in a Taiwan Stock Exchange filing that its board approved…

  • Caravel tightens grip on Pacific Basin, rules out takeover bid

    Caravel tightens grip on Pacific Basin, rules out takeover bid Hong Kong conglomerate Caravel Group has increased its shareholding in Pacific Basin Shipping, strengthening its position as the largest shareholder in the dry bulk major while stressing it has no intention of launching a takeover of the company. The Angad Banga-led group confirmed it now…

  • JHI Steamship widens tanker bet with HD Hyundai suezmaxes

    JHI Steamship widens tanker bet with HD Hyundai suezmaxes Greek shipowner JHI Steamship has stepped up its tanker expansion with an order for two suezmax newbuildings at HD Hyundai Samho Heavy Industries in South Korea. The 157,000 dwt crude carriers are scheduled for delivery between the fourth quarter of 2028 and the second quarter of…

  • Two dead, four missing after bulker sinks in South China Sea

    Two dead, four missing after bulker sinks in South China Sea Search and rescue operations are continuing in the South China Sea after the Singapore-registered bulk carrier Devon Bay capsized and sank while en route to China. The Maritime and Port Authority of Singapore (MPA) said it was informed on January 23 that the 2013-built…

  • Precious sends ultramax newbuilds straight back on hire with Jaldhi

    Precious sends ultramax newbuilds straight back on hire with Jaldhi Thailand’s Precious Shipping has moved quickly to line up work for two ultramax bulker newbuilds it has just acquired from Jaldhi Overseas, fixing both vessels straight back to the Singapore-based outfit on long-term, index-linked charters. The Ubon Naree has been fixed for 24–26 months at…

  • Inaugural Splash Singapore targets top spot in Asian shipping calendar

    Inaugural Splash Singapore targets top spot in Asian shipping calendar The speaker lineup for the inaugural Splash Singapore, scheduled for September 24, is making good on earlier promises to make the event Asia’s leading shipping conference. Among recent speaker signups are Martin Fruergaard, the CEO of Pacific Basin Shipping, Jeremy Sutton, the CEO of Swire…

  • Alpha Gas inks $500m LNG carrier order at Hanwha Ocean

    Alpha Gas inks $500m LNG carrier order at Hanwha Ocean Greek gas shipowner Alpha Gas has resurfaced in the newbuilding market, placing an order for two LNG carriers at South Korea’s Hanwha Ocean.T The shipbuilder said the contract, secured for its Okpo yard in Geoje, is valued at KRW738.3bn ($503m). Hanwha Ocean did not disclose…

  • Sinokor to top VLCC operator charts following stunning S&P raid

    Sinokor to top VLCC operator charts following stunning S&P raid Sinokor’s stunning raid in the tanker sale and purchase markets over the past six weeks is on course to make the Korean shipowner the largest operator of VLCCs in the world.  Brokers are agog at Sinokor’s market-altering decision to largely exit the container scene, selling…

  • Eastern Pacific adds LNG muscle with Jiangnan newbuild pair

    Eastern Pacific adds LNG muscle with Jiangnan newbuild pair Eastern Pacific Shipping has moved to expand its LNG footprint, placing an order for two 175,000 cu m LNG carrier newbuildings as it scales up its gas shipping business. The Singapore-based owner, controlled by Idan Ofer, has contracted the pair at Jiangnan Shipyard for delivery in…

  • Nordic American Tankers firms up Korean yard choice with Daehan deal

    Nordic American Tankers firms up Korean yard choice with Daehan deal Nordic American Tankers has firmed up its move into new steel, signing contracts for two suezmax newbuildings in South Korea as the New York-listed owner continues to reshape its fleet. The Herbjørn Hansson-led company said the previously announced preliminary agreements have now been converted…

  • Asyad Shipping steps up VLCC expansion with fresh Hanwha Ocean order

    Asyad Shipping steps up VLCC expansion with fresh Hanwha Ocean order Oman’s Asyad Shipping has added further weight to its crude tanker ambitions, signing contracts for three new VLCCs at South Korea’s Hanwha Ocean. The state-linked owner, part of the Asyad Group logistics platform, confirmed it placed the order, covering three 300,000 dwt newbuilds at…

  • Kyoei Tanker adds VLCC slot at JMU

    Kyoei Tanker adds VLCC slot at JMU Japanese owner Kyoei Tanker is expanding its VLCC fleet with a 310,000 newbuild ordered at Japan Marine United’s Ariake yard, with delivery slated for 2029. The Tokyo-based company confirmed the vessel will be acquired through a shared ownership structure, following board approval and final sign-off by partners late…

  • MOL plugs into Singapore electric vessel start-up Pyxis

    MOL plugs into Singapore electric vessel start-up Pyxis MOL PLUS, the investment arm of Japanese shipping giant Mitsui OSK Lines (MOL), has taken a stake in Singapore-based electric vessel developer Pyxis Maritime. The investment targets both electric harbour craft and the charging stations, with a focus on commercial roll-out rather than pilot projects. Pyxis develops…

  • Korean-developed wing sail mounted on an HMM tanker

    Korean-developed wing sail mounted on an HMM tanker Korean shipping and shipbuilding interests are stepping up collaboration on wind-assisted propulsion. HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai’s mid-level holding company for institutional shipbuilding, has begun sea trials of its self-developed Wing Sail system after installing a prototype on a tanker operated by…

  • Kalleklev takes helm of EPS gas fleet after CoolCo merger

    Kalleklev takes helm of EPS gas fleet after CoolCo merger Eastern Pacific Shipping has moved to reshape its gas shipping leadership after completing the merger between its LNG unit CoolCo and subsidiary EPS Ventures earlier this month. The Idan Ofer-controlled group confirmed that former Flex LNG and Avance Gas chief executive Øystein Kalleklev will take…

  • India receives first fully laden VLCC at Mundra

    India receives first fully laden VLCC at Mundra In a sign of the sweeping upgrades in maritime infrastructure across the coastlines of the world’s most populous nation, Adani’s Mundra port has this week berthed a fully laden VLCC – a first for India, and something that promises to alter the global seaborne tanker trading map.…

  • Eastern Pacific back for more ammonia carriers at Jiangnan

    Eastern Pacific back for more ammonia carriers at Jiangnan Idan Ofer’s Eastern Pacific Shipping (EPS) has returned to China to add more ammonia carrier capacity, placing an order for two very large ammonia carriers (VLACs) at Jiangnan Shipyard. The Singapore-based owner has signed a contract for two 90,000 cu m newbuildings, with delivery scheduled for…

  • South Korea puts Arctic shipping on policy map with first boxship trial

    South Korea puts Arctic shipping on policy map with first boxship trial South Korea has formally elevated Arctic shipping into national policy, with Seoul planning its first-ever container ship trial voyage via the Northern Sea Route later this year. The Ministry of Oceans and Fisheries (MOF) confirmed it is preparing a September trial using a…

  • Castor Maritime enters sale and leaseback deal for kamsarmax

    Castor Maritime enters sale and leaseback deal for kamsarmax Cyprus-based owner Castor Maritime has signed a sale and leaseback agreement for a bulk carrier vessel. The company signed the agreement for the 2013-built kamsarmax Magic Perseus bulker with a Japanese counterparty. The transaction is set to be completed in January 2026. The bareboat financing amounts…

  • Uni-Fuels eyes further growth amid rising bunker market complexity

    Uni-Fuels eyes further growth amid rising bunker market complexity Singapore-based marine fuel supplier Uni-Fuels has announced the next phase of its global expansion strategy, focused on scaling operations across key maritime markets. This will build on Uni-Fuels’ expansion to Dubai, Shanghai, and Limassol in 2025, and provide the strategic framework for additional office openings and…

  • Korean Register taps veteran insider as new chairman

    Korean Register taps veteran insider as new chairman Classification society Korean Register (KR) has appointed Lee Yongsok as its 26th chairman and chief executive. Lee, who took the helm following an election at an extraordinary general assembly held on December 23, is a long-serving KR executive, having joined the society in 1995. Over the past…

  • FSL extends product tanker cover with James Fisher

    FSL extends product tanker cover with James Fisher Singapore-listed First Ship Leasing Trust (FSL) has strengthened earnings visibility after agreeing a package of charter extensions with James Fisher Everard, the tanker arm of the James Fisher Group. FSL said it has extended the charters for the product tankers Speciality, Seniority and Superiority, with new periods…

  • Pacific Basin signs up for Chinese handysize newbuilds

    Pacific Basin signs up for Chinese handysize newbuilds Pacific Basin Shipping has turned to China for its latest newbuilding move, signing up a quartet of handysize bulk carriers in a break from its long-standing preference for Japanese yards. The Hong Kong-listed owner-operator of more than 250 bulkers has struck a deal at Jiangmen Nanyang Ship…

  • Eastern Pacific adds capes to swelling Hengli orderbook

    Eastern Pacific adds capes to swelling Hengli orderbook Idan Ofer’s Eastern Pacific Shipping has added another slice to its already sizeable newbuilding programme, this time with a fresh capesize bulker order in China. The Singapore-headquartered owner has signed up four 180,000 dwt capesize bulk carriers at Hengli Shipbuilding. The vessels are set for delivery in…

  • Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards

    Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards Taiwanese liner group Yang Ming has returned to the newbuilding market through its bulk shipping arm Kuang Ming Shipping, placing orders for four ultramax bulk carriers in Japan. According to a stock exchange filing, the contracts carry a combined value of between NT$4.9bn…

  • DOF lines up new APAC gigs for vessel tandem

    DOF lines up new APAC gigs for vessel tandem Norwegian offshore vessel owner DOF bags two new contracts in the Asia-Pacific region. The first deal is a three-year frame agreement for the provision of subsea inspection, maintenance, and repair services with associated assets in the APAC region. A call-off under the contract has also been…

  • Samudera and Imoto set up Japan coastal shipping venture

    Samudera and Imoto set up Japan coastal shipping venture Singapore-listed Indonesian owner Samudera Shipping Line is stepping deeper into the Japanese market through a new joint venture with Imoto Corporation, part of the Imoto Lines Group. Through its wholly owned unit in Japan, Samudera has signed an agreement with Imoto to set up Blue Ocean…

  • ICTSI pours $175m into Rio terminal expansion

    ICTSI pours $175m into Rio terminal expansion Manila-based port operator International Container Terminal Services Inc (ICTSI) is pressing ahead with a major expansion at Brazil’s Rio Brasil Terminal, committing R$948m ($175m) to lift capacity and modernise operations at the Port of Rio de Janeiro. The investment programme, running from 2025 to 2029, will increase annual…

  • NYK and MOL agree $72m payout in UK car carrier cartel case

    NYK and MOL agree $72m payout in UK car carrier cartel case Two of Japan’s biggest shipping lines — Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) — have agreed to pay £54m ($72.25m) to settle the long-running UK collective action over the car carrier cartel, drawing a line under a saga that stretches…

  • New anti-corruption campaign rolls out across Asian and European hubs

    New anti-corruption campaign rolls out across Asian and European hubs The Maritime Anti-Corruption Network (MACN) has launched a three-year initiative aimed at tightening integrity standards across maritime supply chains in Indonesia, Malaysia and Germany. The programme—“Transparent Trade Routes: Strengthening Integrity in Maritime Supply Chains”—is backed by funding from the Siemens Integrity Initiative. MACN said the…

  • Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter

    Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter Norway’s Knutsen Group has firmed up another LNG newbuild in South Korea, ordering a 174,000 cu m carrier at Hanwha Ocean on the back of a long-term charter deal with Italy’s Edison. The contract will see the vessel deliver and begin its charter…

  • HD Hyundai readies $2bn giant yard in southern India

    HD Hyundai readies $2bn giant yard in southern India South Korea’s HD Hyundai has signed a partnership with the Tamil Nadu state government regarding the establishment of a new $2bn shipyard in Madurai in southern India.  The Thoothukudi region of Tamil Nadu already hosts major Korean companies such as Hyundai Motor and Samsung Electronics, and large-scale…

  • Bidders circle again as Dongwon revives hunt for HMM

    Bidders circle again as Dongwon revives hunt for HMM The race to acquire state-controlled South Korean flagship HMM is heating up once again. Two years after the first sale attempt failed, Dongwon Group, South Korea’s largest fishing company, has signalled its renewed interest, stirring up the market.  Although the company’s valuation has soared to as…

  • Capes changing hands for increasing sums

    Capes changing hands for increasing sums The S&P market is seeing strong momentum. In terms of age profile, 10–15-year-old ships are once again among the most sought-after, supported by capesize rates now closing in on the $45,000 per day mark—levels not seen in years. Tokyo-headquartered NYK Bulkship has agreed to sell the 2012-built, 107,000 dwt…

  • Winning doubles down on large bauxite carriers with six more newbuilds

    Winning doubles down on large bauxite carriers with six more newbuilds Large bulkers specialist Winning International Group has expanded its push into the very large ore carrier segment, ordering another six 325,000 dwt VLOCs from CSSC Beihai Shipbuilding to support its growing West Africa–China bauxite trade. The Singapore-based owner — which runs a fleet of…

  • Norsepower wins contract to install rotor sails on two Japanese VLCCs

    Norsepower wins contract to install rotor sails on two Japanese VLCCs Norsepower has won the contract to install rotor sails on a pair of methanol-fuelled VLCCs in a world-first for shipping. Japan’s Idemitsu Tanker first revealed its contract to build these new-look ships in May this year, signing with Japan Marine United Corporation (JMU) and…

  • Hafnia trims ageing tonnage with four-ship sale

    Hafnia trims ageing tonnage with four-ship sale Product tanker heavyweight Hafnia has moved ahead with a fresh round of fleet trimming, selling four older MR tankers as part of its rolling renewal programme. The BW Group-backed owner confirmed it sold the 2011-built Hafnia Andromeda in September, followed by the 2012-built Hafnia Lupus in October. Two…

  • Eastern Pacific locks in 12 newbuilds at Hengli

    Eastern Pacific locks in 12 newbuilds at Hengli China’s Hengli Shipbuilding has confirmed a major newbuilding programme for Eastern Pacific Shipping (EPS), detailing a 12-ship order that marks one of the most substantial commitments at the yard this year. The deal, valued between $1.1bn and $1.6bn, spans three vessel types and signals the Idan Ofer-led…

  • HMM orders four boxships at Hanwha Ocean

    HMM orders four boxships at Hanwha Ocean In a busy week for HMM’s expansion plans, South Korea’s flagship line has tapped Hanwha Ocean to build four 13,000 teu ships in a deal worth $730m. The ships will deliver in 2029. On Monday, Splash reported HMM had contracted HD Hyundai for eight 13,400 teu LNG dual-fuel…

  • MSC seals inland terminal deal in Bangladesh

    MSC seals inland terminal deal in Bangladesh Swiss containership giant MSC has moved to strengthen Bangladesh’s inland logistics network through a new concession to operate the Pangaon Inland Container Terminal (PICT), marking one of the largest inland infrastructure commitments yet by a global liner in the country. Medlog, MSC’s fast-growing inland logistics arm, struck a…

  • Splash Singapore confirms stellar global shipowner cast

    Splash Singapore confirms stellar global shipowner cast Big names in global shipowning are signing up to speak at next year’s Splash Singapore with organisers determined to make the event Asia’s largest shipowner gathering. Splash Singapore is a new event building on eight editions of the Maritime CEO Forum Singapore, organised by the team behind shipping…

  • AET orders pair of suezmaxes

    AET orders pair of suezmaxes MISC’s tanker subsidiary AET has contracted for two LNG dual-fuel suezmax vessels at an unspecified yard.  With this order, MISC, Malaysia’s largest shipping firm, will have dual-fuel capability in all the tanker sectors it operates in – aframaxes, shuttle tankers, suezmaxes and VLCCs. “This milestone reinforces MISC Group’s commitment to…

  • Eastern Pacific makes VLCC comeback with newbuild deal in China

    Eastern Pacific makes VLCC comeback with newbuild deal in China Eastern Pacific Shipping (EPS) has returned to the VLCC market with its first large crude carrier order, contracting two 306,000 dwt tankers at China’s Hengli Shipbuilding. Industry sources say the Singapore-based owner should see the vessels delivered in the fourth quarter of 2027. The move…

  • BW LNG linked to two-ship LNG carrier order at HD Hyundai Samho

    BW LNG linked to two-ship LNG carrier order at HD Hyundai Samho BW LNG is surfacing as the buyer behind a fresh order for two large LNG carriers at HD Hyundai Samho Heavy Industries, after the South Korean yard confirmed a KRW741.2bn ($507m) contract last week. Clarksons’ weekly newbuilding report names BW Group’s gas arm…

  • Hong Kong flag slumps 12.6% as Singapore surges ahead amid trade turmoil

    Hong Kong flag slumps 12.6% as Singapore surges ahead amid trade turmoil The latest World Fleet Monitor published by Clarksons Research confirms a switch in the leaderboard of shipping registers, with Donald Trump’s trade war with China seeing Singapore leapfrog Hong Kong into fourth spot.  After a very tough year, having been caught in the…

  • Odfjell and Nissen Kaiun team up in new chemical tanker venture

    Odfjell and Nissen Kaiun team up in new chemical tanker venture Norwegian chemical tanker owner Odfjell has joined forces with Japanese shipping major Nissen Kaiun to launch a new Bergen-based joint venture for operating stainless-steel chemical tankers. The new company, Odfjell Hakata Maritime, will pool 10 modern chemical tankers contributed equally by the two partners.…

  • New industry alliance targets plastic pollution at sea

    New industry alliance targets plastic pollution at sea A group of big shipping names has launched a new alliance aimed at cutting plastic pollution in the world’s oceans. The Maritime Association for Clean Seas (MACS), founded by ocean impact organisation Seven Clean Seas (SCS), brings together members including Berge Bulk, X-Press Feeders, Bernhard Schulte Shipmanagement,…

  • Sentinel Marine rebrands as Cyan Sentinel

    Sentinel Marine rebrands as Cyan Sentinel Aberdeen-based offshore support vessel operator Sentinel Marine has rebranded as Cyan Sentinel, marking its first major step since Singapore’s Cyan Renewables acquired a controlling stake earlier this year year. The move reflects the backing of its new majority owner, but the company stressed it remains locally managed, with its…

  • Yangzijiang Maritime seals SGX debut with multiple vessel deals

    Yangzijiang Maritime seals SGX debut with multiple vessel deals Yangzijiang Maritime Development marked its first day on the Singapore Stock Exchange’s mainboard with a string of new vessel deals, underscoring its ambitions as a growing maritime financial and asset management player. The company said it has signed contracts with a Marshall Islands-based owner for the…

  • American private equity eyes Korean yard investment

    American private equity eyes Korean yard investment Taekwang Group has muscled into the bidding war for K Shipbuilding, joining forces with TPG, a US private equity firm formerly known as Texas Pacific Group. The consortium has submitted a letter of intent to acquire management control of the Jinhae-based yard, one of three confirmed bidders for…

  • Splash Wrap: Flows shift again

    Splash Wrap: Flows shift again The Houthis officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a letter sent to Hamas’s military wing, Kata’ib al-Qassam, by the newly appointed Houthi chief of staff, Yousef Hassan Al-Madani, who succeeded…

  • Vietnam’s Hai An steps up fleet growth with DSIC newbuild deal

    Vietnam’s Hai An steps up fleet growth with DSIC newbuild deal Vietnam’s Hai An Transport and Stevedoring has stepped up its fleet expansion drive with an order for its largest containerships to date. The Hanoi-based shipowner has contracted Dalian Shipbuilding Industry Co (DSIC), part of China State Shipbuilding Corp, for up to four 7,100 teu…

  • Samsung Heavy to build Amogy ammonia power systems

    Samsung Heavy to build Amogy ammonia power systems US ammonia power specialist Amogy has teamed up with Samsung Heavy Industries (SHI) in a multi-year strategic partnership to manufacture its ammonia-to-power systems in South Korea. Under the agreement, SHI will set up a dedicated facility to produce and test Amogy’s systems for both maritime and land-based…

  • India’s revived yard lands $220m Norwegian chemical tanker deal

    India’s revived yard lands $220m Norwegian chemical tanker deal Swan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway’s Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m. The agreement includes…

  • AET expands dual-fuel fleet with suezmax pair at Samsung Heavy

    AET expands dual-fuel fleet with suezmax pair at Samsung Heavy AET has placed an order at Samsung Heavy Industries (SHI) for two LNG dual-fuel suezmax tankers, further expanding its fleet of lower-emission vessels. The Singapore-based tanker arm of Malaysia’s top shipping line, MISC, said the latest deal marks a key step in its push to…

  • Vitol mourns the loss of shipping CEO Kit Kernon

    Vitol mourns the loss of shipping CEO Kit Kernon Oil-and-products trading giant Vitol today announced the passing yesterday of Kit Kernon, CEO of its shipping arm Vitol International Shipping (VIS). Kernon, aged 56, died in Singapore, sources say, from a suspected heart attack while out jogging.  Since 1997, he helmed Vitol’s shipping division, building it…

  • Splash Singapore launches with ambition to become Asia’s largest shipowner gathering

    Splash Singapore launches with ambition to become Asia’s largest shipowner gathering The organisers of Geneva Dry and the Maritime CEO Forum series today unveil their next big shipping summit. Splash Singapore (www.splashsingapore.com) is set to make its debut at the Fairmont Hotel on September 24 next year, the day before the city-state’s famous annual dinner…

  • Svitzer joins forces with Cochin Shipyard on electric tug build in India

    Svitzer joins forces with Cochin Shipyard on electric tug build in India Svitzer has signed a letter of intent with Cochin Shipyard to develop and construct a new generation of electric tugs in India. The Danish towage operator said the agreement, signed during India Maritime Week in Mumbai, lays the groundwork for production of the…

  • India nets $7bn in fresh investment from DP World and Maersk

    India nets $7bn in fresh investment from DP World and Maersk India’s ambitions to become a global maritime powerhouse have gained major momentum, with Dubai-based DP World and Danish group APM Terminals announcing fresh investments worth more than $7bn combined to expand port and logistics infrastructure across the country. The announcements, made during India Maritime…

  • Greek owner JHI Steamship books aframax tankers in South Korea

    Greek owner JHI Steamship books aframax tankers in South Korea Greek shipowner JHI Steamship has signed up for its first-ever newbuildings in South Korea, ordering two firm plus one optional 115,000 dwt aframax tankers at K Shipbuilding. Shipbuilding sources said each vessel is priced at $75m, with deliveries set for 2027–2028. The deal, valued at…

  • SeaTrek joins forces with Legasea to expand dry bulk business

    SeaTrek joins forces with Legasea to expand dry bulk business Singapore-based dry bulk operator SeaTrek has entered a strategic partnership with Legasea, a fellow freight player backed by a private investment fund, to strengthen their position in the global dry bulk market. The tie-up brings together SeaTrek’s market experience and network with Legasea’s freight platform,…