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  • ITF pushes for warlike status in Gulf hotspots

    ITF pushes for warlike status in Gulf hotspots The International Transport Workers’ Federation (ITF) has voiced its concern this week to the Joint Negotiating Group (JNG), which represents maritime employers, regarding the Strait of Hormuz, Gulf of Oman and Israeli ports and asked that these areas be designated as Warlike Operations Areas (WOA). The move…

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

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

  • Trump’s signature legislative package contains significant shipbuilding provisions

    Trump’s signature legislative package contains significant shipbuilding provisions Donald Trump’s so-called big beautiful bill, a signature legislative package, which has just passed both the US House of Representatives and Senate, contains significant provisions aimed at revitalising American shipbuilding and the broader maritime industrial base. The bill allocates substantial funding and introduces new initiatives with a…

  • New consortium to explore floating nuclear power in the Mediterranean

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

  • Perdana Petroleum wins anchor handler work

    Perdana Petroleum wins anchor handler work Malaysian offshore marine support services firm Perdana Petroleum has won a new contract for the charter of an anchor handling tug and supply (AHTS) vessel. The contract was awarded to its wholly owned subsidiary, Perdana Nautika, and will last for 120 days. The identity of the client was left…

  • White House tariff deadline looms large on liner agenda

    White House tariff deadline looms large on liner agenda Donald Trump and tariffs are very much back in shipping news headlines, with one key deal seemingly agreed and plenty of others under negotiation ahead of a deadline next week. The July 9 expiration date for the White House’s pause on April’s reciprocal tariffs on a…

  • Trump’s shipbuilding ambitions face enormous hurdles

    Trump’s shipbuilding ambitions face enormous hurdles President Trump’s ambitious plan to rejuvenate the US shipping and shipbuilding industries is encountering significant challenges, just months after its announcement. Despite bipartisan support for revitalising the maritime sector as a matter of economic and national security, internal policy conflicts and administrative delays are hindering progress. A key setback…

  • Singapore files charges over last year’s fatal tanker collision

    Singapore files charges over last year’s fatal tanker collision The Maritime and Port Authority of Singapore (MPA) has filed formal charges stemming from the deadly 2024 collision involving the Singapore-flagged Hafnia Nile and the shadow tanker Ceres I, an incident that drew international attention for both its human toll and its implications for shadow fleet…

  • TGS bags offshore wind site characterisation gig off Norway

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

  • Yinson Production secures $1.17bn refinancing for FPSO Maria Quiteria

    Yinson Production secures $1.17bn refinancing for FPSO Maria Quiteria Singapore-based floater owner and operator Yinson Production has announced a successful placement of $1.168bn in senior secured notes issued by Yinson Bergenia Production, the owner of the FPSO Maria Quitéria. The FPSO is operating under a 22.5-year lease and operate contract with Petrobras in the Jubarte…

  • Jackup barge sinks in Gulf of Suez, four dead

    Jackup barge sinks in Gulf of Suez, four dead Four crew members died after a jackup barge owned by Saudi oil and gas driller ADES capsized on Tuesday evening, some 300 km south of the Suez Canal. Egyptian authorities said that the incident happened off Ras Ghareb, located on the African side of the Gulf…

  • BHP signs charters with COSCO for ammonia-powered newcastlemax newbuilds

    BHP signs charters with COSCO for ammonia-powered newcastlemax newbuilds BHP has signed five-year charter contracts with COSCO Shipping Bulk for two ammonia dual-fuelled newcastlemax bulk carriers. The two 210,000 dwt vessels, expected to be delivered from 2028, will primarily transport iron ore from Western Australia to Northeast Asia. BHP vice president of maritime and supply…

  • TS Lines locks in up to 10 newbuilds at Huangpu Wenchong

    TS Lines locks in up to 10 newbuilds at Huangpu Wenchong Taiwan’s TS Lines has bolstered its newbuilding programme through a new deal with a Chinese shipyard, Huangpu Wenchong Shipbuilding The intra-Asia focused carrier has commissioned five firm and five optional 5,000 teu vessels, each priced at about $62.5m and scheduled for delivery in 2028,…

  • Leadership change at Belgian Shipowners’ Association

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

  • Norden flips two more ships

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

  • Condon Claims Management acquires Marine Claims Associates

    Condon Claims Management acquires Marine Claims Associates Thomas Miller-controlled Condon Claims Management has acquired US-based Marine Claims Associates for an undisclosed price.  The acquisition will take place effective immediately and the entire Marine Claims Associates’ team will fall under the Condon Claims Management brand. “Having the knowledge and experience to broaden our services is essential…

  • Louis Dreyfus Armateurs sold to private equity

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

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

    MSC ramps up megamax expansion with $1.2bn shipbuilding deal in China Gianluigi Aponte’s Mediterranean Shipping Co (MSC) is pressing ahead with megamax containership fleet expansion through a new shipbuilding deal in China. The Swiss-based liner giant has ordered up to six 22,000 teu newbuilds from China Merchants Heavy Industries’ Haimen shipyard. Shipbuilding sources estimate each…

  • LS Marine Solutions picks Turkish shipyard for cable layer construction

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

  • Shelf Drilling wins Saudi Aramco rig extension deal

    Shelf Drilling wins Saudi Aramco rig extension deal Oslo-listed jackup rig player Shelf Drilling has landed a five-year contract extension with Saudi Aramco for its High Island V unit. The total added contract value is about $133m, the UAE-based company said in a filing. The extension will take effect immediately following the current fixture, securing…

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

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

  • Denmark extends life of two more offshore wind farms

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

  • Indian shipbuilder buys majority stake in Sri Lanka’s largest yard

    Indian shipbuilder buys majority stake in Sri Lanka’s largest yard India’s state-run Mazagon Dock Shipbuilders Limited (MDL) has announced its first international acquisition by securing a controlling 51% stake in Sri Lanka’s Colombo Dockyard for $52.96m. The Sri Lankan yard had previously been controlled by Japan’s Onomichi Dockyard which had been looking for investors to…

  • Fugro scores $340m Petrobras deal

    Fugro scores $340m Petrobras deal Dutch contractor Fugro has emerged as the successful bidder in four multi-year tenders from Petrobras for the inspection and monitoring of subsea infrastructure in Brazil. The contracts, worth about $340m, should start in the fourth quarter of 2025 and span four years with potential one-year extensions. The work scope will…

  • Seacon tackles shipping talent gap with electric training boxship order

    Seacon tackles shipping talent gap with electric training boxship order In a move to bridge the shipping talent gap and advance green maritime education, China’s Seacon Shipping has signed a contract with Fujian Mawei Shipbuilding for the construction of what is being hailed as the world’s first teaching electric containership. The 406 teu vessel, designed…

  • DOF lands $275m in Brazilian vessel contracts

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

  • The week in shipping: Iran dominates the headlines

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

  • Imabari to take control of Japan Marine United

    Imabari to take control of Japan Marine United Consolidation – and by extension greater focus and economies of scale – continues in the revived Japanese shipbuilding sector with news that Imabari Shipbuilding, the nation’s top yard, is to take control of Japan Marine United (JMU). The Higaki family-controlled Imabari announced yesterday it will up its…

  • Scrubber discharge ban coming to the northeast Atlantic

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

  • Caravel Group sheds kamsarmax fleet

    Caravel Group sheds kamsarmax fleet Hong Kong conglomerate Caravel Group has sold two of its Chinese-built kamsarmax bulk carriers in a deal valued at about $41m. The Banga family’s dry bulk owner has let go of the 81,073 dwt Explorer Oceania and the 81,093 dwt Explorer Asia, with both ships built at Jiangsu Hantong in…

  • Maritime Partners swoops for Centerline Logistics

    Maritime Partners swoops for Centerline Logistics In a consolidation move within the US Jones Act market, Maritime Partners has inked a deal to acquire Centerline Logistics, one of the country’s top coastal tanker and marine services providers. The agreement will see an entity managed by Maritime Partners take over Centerline from its current backers, Macquarie…

  • Global ship recycling landmark arrives with patchy compliance across South Asia

    Global ship recycling landmark arrives with patchy compliance across South Asia Fully 16 years in the making, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships entered into force today, with the majority of demo yards in Bangladesh and Pakistan – two vital recycling destinations – still not compliant with…

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

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

  • Saudi Arabia strikes eight port terminal deals

    Saudi Arabia strikes eight port terminal deals The Saudi Ports Authority (Mawani) has sealed long-term concession contracts worth over SAR2.2bn ($586m) to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The 20-year agreements have been awarded to two international port operators: Saudi Global Ports (SGP), a subsidiary of Singapore’s PSA,…

  • Diana Shipping seals Cargill ultramax charter

    Diana Shipping seals Cargill ultramax charter New York-listed Greek bulker owner Diana Shipping has secured a new time charter deal with Cargill Ocean Transportation for one of its ultramaxes. The Semiramis Paliou-led company has fixed the 60,404 dwt DSI Polaris until July 21 next year at $12.500 per day. The charter starts on July 1…

  • Study finds suicide accounts for more deaths at sea than fatal injury incidents

    Study finds suicide accounts for more deaths at sea than fatal injury incidents Suicide cases accounted for more deaths at sea than fatal injury incidents according to a major new survey looking at the fleet insured by Norway’s Gard.  Gard’s second crew claims report, published yesterday, outlines trends and developments in seafarer injuries, illnesses and…

  • Pacific Basin signs methanol fuel deal with Towngas

    Pacific Basin signs methanol fuel deal with Towngas Hong Kong-based dry bulk shipping giant Pacific Basin has signed a memorandum of understanding (MOU) with The Hong Kong and China Gas Company Limited (Towngas) to secure supplies of green methanol, as the company moves to meet tightening international emissions standards. The deal outlines plans for Towngas…

  • Teekay Tankers ships out its oldest LR2

    Teekay Tankers ships out its oldest LR2 Teekay Tankers has continued to offload its ageing tonnage by selling its oldest LR2 unit. S&P sources show the New York-listed firm is shipping out the 2007 Hyundai Heavy Industries-built 105,200 dwt Limerick Spirit to unnamed Greek interests for around $27.8m. The Kenneth Hvid-led owner and operator has…

  • SLB OneSubsea wins contract for Northern Lights phase two CO2 project

    SLB OneSubsea wins contract for Northern Lights phase two CO2 project SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement and construction (EPC) contract from Equinor for the second phase of the Northern Lights CO₂ storage project offshore Norway. The contract covers the delivery of two satellite…

  • Performance Shipping agrees refinancing deal with Greek bank

    Performance Shipping agrees refinancing deal with Greek bank Nasdaq-listed Greek tanker owner and operator Performance Shipping has agreed to the refinancing of an existing outstanding loan of $29.75m with compatriot Alpha Bank. Proceeds from the facility will be used to fully refinance the existing debt maintained with Alpha Bank, secured by the 2013-built aframax P.…

  • Interactive map launched to give seafarers the right reporting channels

    Interactive map launched to give seafarers the right reporting channels My Harassment-Free Ship campaign is the theme of today’s United Nations-backed International Day of the Seafarer, with a call to eliminate bullying and harassment in the maritime industry. To this end, UN body the International Maritime Organization has today launched an interactive world map, which…

  • The way of the seafarer

    The way of the seafarer Star Wars fan Steven Jones, founder of the Seafarers Happiness Index, writes for Splash on 2025’s International Day of the Seafarer, channelling his inner Mandalorian. On this International Day of the Seafarer, we celebrate an extraordinary tribe among us, a small, resilient band of individuals who, much like the fictional…

  • Fire-damaged Morning Midas car carrier sinks

    Fire-damaged Morning Midas car carrier sinks The salvors, Resolve Marine, have reported that the Morning Midas car carrier sank in international waters in the North Pacific, following a fire that broke out onboard on June 3. Damage caused by the fire, compounded by heavy weather and subsequent water ingress, caused the Morning Midas to sink…

  • Unclear ceasefire deal adds to uncertainty in Middle Eastern waters

    Unclear ceasefire deal adds to uncertainty in Middle Eastern waters Ships are treading warily through the Gulf today, with sky-high tanker rates, as a brief truce between warring factions Israel and Iran looks to have fallen apart. Shortly after midnight, US president Donald Trump announced that Israel and Iran had agreed to a ceasefire, claiming…

  • Latsco in for Huangpu Wenchong boxship brace

    Latsco in for Huangpu Wenchong boxship brace Greece’s Latsco Shipping is expanding its footprint in the containership sector with newbuildings in China. Shipbuilding sources in Greece have linked the Paris Kassidokostas-Latsis-led diversified owner, traditionally linked to tankers and gas carriers, to a deal for two 1,900 teu vessels at Huangpu Wenchong. The CSSC-affiliated yard is…

  • Aristides Pittas sells majority stake in EuroHoldings to Latsis-linked Marla Investments

    Aristides Pittas sells majority stake in EuroHoldings to Latsis-linked Marla Investments EuroHoldings, the NASDAQ-listed container shipping company spun off from Euroseas earlier this year, has announced a change in ownership following the sale of 51.04% of its outstanding common shares to Marla Investments, an entity affiliated with Greece’s Latsis family. The shares were sold by…

  • Famous VLCC sold for ninth time

    Famous VLCC sold for ninth time The 300,000 dwt Alter Ego—a vessel with a storied past—has changed hands for the ninth time in its 19-year lifespan. Greek outfit Cavalli Marine, known for its preference for vintage tonnage, reportedly sold the Chinese-built tanker to Chinese buyers for around $42m, netting an estimated $3m profit, excluding any…

  • US airstrikes on Iran spark memories of previous tanker wars

    US airstrikes on Iran spark memories of previous tanker wars Shipping stock prices surged in Asia today on the back of the fast-escalating geopolitical crisis in the Middle East, with Iranian politicians threatening to shut down the Strait of Hormuz after US airstrikes on key nuclear sites.  Iran’s parliament has voted to block the Strait…

  • Saudi prince launches bunker company

    Saudi prince launches bunker company Abdulaziz bin Turki Al Saud, a Saudi prince, has launched Eleven Energy, a new global bunkering company. Positioned to play a key role in supporting the Kingdom’s international energy ambitions, Eleven Energy will spearhead Saudi Arabia’s entry into the global bunker and marine fuels market, with a focus on innovation,…

  • Shandong Marine signs for 10 VLOC newbuilds

    Shandong Marine signs for 10 VLOC newbuilds Shandong Marine Group has swelled its orderbook of very large ore carriers (VLOCs) at Qingdao Beihai Shipbuilding. The Chinese state-run shipping firm has contracted for ten 325,000 dwt guaibamax units to take its newbuilding series booked at the yard to 16 vessels. In December 2023, Shandong Marine signed…

  • ClarkSea Index hits year-high ahead of American strikes on Iran

    ClarkSea Index hits year-high ahead of American strikes on Iran The cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership and gas carrier earnings managed by Clarksons Research, hit a new high for 2025 on Friday, ahead of the decision by the US to strike Iran, something that will likely see the index,…

  • 100 days to surrender

    100 days to surrender Philippos Ioulianou, managing director of Emissionlink, on what shipping has learned from the EU ETS. In less than 100 days, shipping companies operating in Europe face a critical test as the deadline for surrendering carbon allowances under EU ETS is September 30. Miss the deadline, and the consequences could be severe,…

  • Japan seeks to double shipbuilding output by 2030

    Japan seeks to double shipbuilding output by 2030 Japan is weighing bold steps to rejuvenate its once-dominant shipbuilding industry, including the establishment of a government-backed national shipyard, as part of a wider strategy to restore maritime manufacturing capabilities critical to national security. The proposal, submitted to prime minister Shigeru Ishiba by the ruling Liberal Democratic…

  • Trump softens on Iran intervention amid maritime chaos in Gulf

    Trump softens on Iran intervention amid maritime chaos in Gulf Oil prices dipped 2% in early trading today as Donald Trump appeared to step back from joining Israel’s attacks on Iran, while the waters in the Middle East remain busy, and dangerous thanks to vastly increased GPS spoofing in the region in the week since…

  • PIL’s Teo Teng Seng takes the reins at SSA

    PIL’s Teo Teng Seng takes the reins at SSA Teo Teng Seng, an advisor at Pacific International Lines (PIL), has been elected as the new president of the Singapore Shipping Association, succeeding Caroline Yang as head of one of the largest regional shipping bodies in the world. Teo had served as chair of SSA’s digitalisation…

  • K Line teams with Provaris in hydrogen carrier drive

    K Line teams with Provaris in hydrogen carrier drive Japanese shipping major Kawasaki Kisen Kaisha (K Line) has partnered up with Australia’s Provaris Energy to advance compressed hydrogen shipping and offshore storage solutions. The two companies have signed a 12-month memorandum of understanding (MoU) to jointly explore the development, construction, and operation of Provaris’ H2Neo…

  • Seafaring remains one of the world’s most dangerous professions

    Seafaring remains one of the world’s most dangerous professions Seafaring remains one of the world’s most dangerous professions, according to a major new report, which surveyed 147,000 people in many different jobs across the world.  According to Lloyd’s Register Foundation’s latest World Risk Poll Focus On report, 25% of ocean workers report having experienced harm…

  • Solstad pens two CSV contracts in South America

    Solstad pens two CSV contracts in South America Norwegian offshore vessel owner Solstad Offshore has signed contracts for two of its construction support vessels (CSV). Solstad said in late April that it won deals for three vessels in Brazil. However, all of the contracts were subject to board approval. Two were for yet unnamed AHTS…

  • SeaBird Exploration changes name following merger

    SeaBird Exploration changes name following merger Marine seismic specialist SeaBird Exploration has changed its name to SED Energy Holdings following the successful merger with Singapore’s tender drilling rig specialist Energy Drilling. The name and ticker code change, now ENH, will be effective on Euronext Oslo Børs from and including June 20, 2025. Final approval of…

  • Freight market reacts to soaring Middle East tensions

    Freight market reacts to soaring Middle East tensions Tensions in the Middle East have reached a boiling point this week as senior US officials reportedly prepare for a potential military strike on Iran, a move that threatens to ignite a wider regional conflict. According to a Bloomberg report citing individuals familiar with the matter, the…

  • Australia places sanctions on 60 Russian tankers

    Australia places sanctions on 60 Russian tankers The government of Australia has imposed targeted sanctions on 60 vessels linked to Russia’s so-called shadow fleet used to circumvent restrictions on oil and gas exports. This move marks the first time Australia has imposed sanctions against the shadow fleet. The vessels within the fleet are operating using…

  • Oil spill detected from Tuesday’s tanker collision in the Gulf of Oman

    Oil spill detected from Tuesday’s tanker collision in the Gulf of Oman An oil spill is growing rapidly in the Gulf of Oman after Tuesday’s spectacular collision between a Frontline VLCC and a suezmax belonging to Russia’s shadow fleet.  The accident occurred at 1:14 am Dubai time on Wednesday between two tankers, the 23-year-old Adalynn…

  • Philippe Louis-Dreyfus passes away

    Philippe Louis-Dreyfus passes away One of the most famous names in French shipping has passed away. French shipowners’ association Armateurs de France has revealed that Philippe Louis-Dreyfus, a leading figure in international shipping and former president of the organisation, has died at the age of 80. He left a lasting mark on the shipping sector…

  • Wilson Sons to support TotalEnergies offshore oil production in Brazil

    Wilson Sons to support TotalEnergies offshore oil production in Brazil Wilson Sons, the largest integrated port and maritime logistics operator in Brazil, has signed a new agreement with TotalEnergies to provide logistics support to oil production activities in the Lapa field off Brazil. The field is located in the pre-salt layer of the Santos Basin,…

  • RINA acquires naval architects Foreship

    RINA acquires naval architects Foreship Italian classification society RINA has acquired Finnish naval architecture and marine engineering consultancy Foreship. The transaction, with an undisclosed price tag, includes the entire share capital of Foreship, previously held by private equity firm Vaaka Partners and the company’s management. Helsinki-based Foreship, which employs more than 90 experts across eight…

  • Singapore’s Proteus teams with Symbio to bring automotive hydrogen fuel cell tech to shipping

    Singapore’s Proteus teams with Symbio to bring automotive hydrogen fuel cell tech to shipping A new hydrogen fuel cell system tailored for maritime applications has been unveiled by Singapore-based Proteus Energy in partnership with French hydrogen fuel cell specialist Symbio. The modular system, known as the Proteus Maritime Fuel Cell Solution, is intended for deployment…

  • Hagland buys chartering platform Vanora

    Hagland buys chartering platform Vanora Norwegian maritime group Hagland has acquired compatriot chartering platform Vanora in a strategic move to bolster its digital service offerings. The financial terms of the deal were not disclosed. The deal will see the Aanensen family run vehicle integrate Vanora’s flagship solution, VesselAdmin, a digital chartering and payment platform designed…

  • Performance Shipping charters out LR1 newbuild to Mercuria

    Performance Shipping charters out LR1 newbuild to Mercuria Nasdaq-listed Greek tanker owner and operator Performance Shipping has entered into a long-term time charter contract with Mercuria Energy Trading for a newbuilding LR1 tanker. Mercuria chartered the tanker for a firm period of four years, through early 2031, at a daily gross charter rate of $23,750.…

  • MOL, Petronas, and MISC launch liquefied CO2 shipping venture

    MOL, Petronas, and MISC launch liquefied CO2 shipping venture Japanese shipping giant Mitsui OSK Lines (MOL), Malaysian state energy firm Petronas and the country’s top shipping line, MISC, have launched a joint venture to build and operate liquefied carbon dioxide (LCO2) carriers. The JV called Jules Nautica will aim to become a leading owner of…

  • Laden Frontline VLCC collides with shadow suezmax tanker off Khorfakkan

    Laden Frontline VLCC collides with shadow suezmax tanker off Khorfakkan A collision occurred at 1:14 am Dubai time overnight between two tankers, the Antigua Barbuda-flagged Adalynn suezmax, part of the shadow fleet, and the Liberian-flagged Front Eagle VLCC, near the Khorfakkan anchorage in the Gulf of Oman. The impact resulted in a fire aboard the…

  • Shipping needs its own whistleblowing system

    Shipping needs its own whistleblowing system Captain Kuba Szymanski, secretary-general of InterManager, writes for Splash today. I think we have all seen the nature of news these days has changed a great deal in the past 20 years, with the dawn of the internet and the information revolution. Instead of the daily newspaper and news…

  • South Korea’s top shipyard debuts its own sail device

    South Korea’s top shipyard debuts its own sail device With wind-assist technology going mainstream, South Korea’s largest shipbuilding group has debuted its only sail system. HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai, has unveiled its Hi-Wing, a prototype of which has gone through land trials, and will shortly be tested…

  • Diana ships out 15-year-old panamax

    Diana ships out 15-year-old panamax Greek bulker owner Diana Shipping has struck a deal to sell its 15-year-old panamax to an undisclosed buyer. The New York-listed company is offloading the 75,700 dwt Selina after more than nine years for $11.8m, before commissions. The Jiangnan Shanghai Changxing-built vessel, estimated at $12.35m by online pricing platform VesselsValue,…

  • GPS jamming on the rise as Israel-Iran conflict enters fourth day

    GPS jamming on the rise as Israel-Iran conflict enters fourth day The conflict between Israel and Iran stretched into a fourth consecutive day on Monday, rattling global energy markets and placing the maritime industry on edge. While Israeli airstrikes have so far avoided directly targeting Iran’s crude oil infrastructure, a reported explosion at a natural…

  • Russian-linked tanker crew accused in Finland-Estonia undersea cable sabotage probe

    Russian-linked tanker crew accused in Finland-Estonia undersea cable sabotage probe Finnish authorities have formally accused senior officers aboard the Eagle S, an oil tanker linked to Russia’s shadow fleet, of criminal misconduct following significant damage to vital undersea infrastructure between Finland and Estonia late last year. The incident, which took place on December 25, 2024,…

  • New crane collapses at Singapore’s Tuas port

    New crane collapses at Singapore’s Tuas port On Sunday afternoon, a new quay crane at Singapore’s Tuas port tipped over while it was being delivered to a non-operational berth. There were no injuries or fatalities. No damage has been assessed to adjacent port equipment and facilities. All of PSA Singapore’s current operational berths remain fully…

  • John Denholm to succeed Emanuele Grimaldi at ICS

    John Denholm to succeed Emanuele Grimaldi at ICS The International Chamber of Shipping (ICS), the global lobby group for shipowners, has announced the appointment of John Denholm as its chairman-designate, set to succeed Emanuele Grimaldi. Denholm, a long-standing board member representing the UK and current vice chair of ICS, is also chairman of J&J Denholm,…

  • The key to success in maritime software? Don’t forget to think like a shipowner

    The key to success in maritime software? Don’t forget to think like a shipowner Consolidated data, curated by suppliers who understand the market is most likely to drive value, writes Staci Satterwhite, CEO of ABS Wavesight. Shipping is often encouraged to take lessons from other industries. Just as they have benefited from digital transformation, shipping…

  • GC Rieber in battery-powered bulker move

    GC Rieber in battery-powered bulker move Norway’s GC Rieber Shipping has revealed plans to develop a fully electric, battery-powered dry bulk vessel. The project is a collaboration with freight partners GC Rieber Minerals and Franzefoss Minerals, and is tailored for shortsea operations along the Norwegian coast. The initiative is backed by a $9.5m grant from…

  • Eitzen targets world’s largest all-electric boxships

    Eitzen targets world’s largest all-electric boxships Norway’s Eitzen Group has set out to build battery-powered containerships that could potentially become the world’s largest of their kind. Axel Eitzen’s company Eitzen Avanti, which oversees a network that includes Christiania Shipping, which specialises in chemical tankers and also operates LPG vessels, as well as all-electric shipping player…

  • Norway’s Møre Sjø orders hydrogen-powered bulkers

    Norway’s Møre Sjø orders hydrogen-powered bulkers Norwegian shipping company Møre Sjø has placed an order for a pair of hydrogen-powered bulk carriers at Turkey’s Gelibolu Shipyard. The 4,000 dwt newbuilds slated for delivery in 2027 will feature hydrogen fuel cells and battery propulsion systems. The Ørsta-based company currently operates two 1983- and 1984-built bulk carriers…

  • Shipping on edge as Israel and Iran fight fire with fire

    Shipping on edge as Israel and Iran fight fire with fire Israel launched wide-scale strikes against Iran this morning, targeting nuclear facilities, ballistic missile factories and military commanders, stating that the operation will continue “as long as necessary”. Immediately thereafter, Iran vowed “severe punishment for Israel” and has sent more than 100 drones to attack…

  • Kerala hit by third maritime incident as court orders arrest of MSC ship

    Kerala hit by third maritime incident as court orders arrest of MSC ship Kerala’s coast is witnessing an alarming spate of maritime mishaps, with a third ship-related incident reported within a span of weeks, prompting legal action, firefighting operations, and mounting concerns over environmental and economic fallout. On Thursday, the Kerala High Court ordered the…

  • Green ammonia is ready to scale – now it’s shipping’s move

    Green ammonia is ready to scale – now it’s shipping’s move As the IMO finalises global mandates for maritime decarbonisation, Alexander Tancock,  CEO of InterContinental Energy (ICE), discusses how the timing for green e-fuels couldn’t be better – and how it is now up to the shipping industry to commit. If we can’t deliver ammonia…

  • Blystad signs for boxship newbuilds in China

    Blystad signs for boxship newbuilds in China Norwegian-based Blystad Group is set to expand its boxship exposure with three newbuildings from China. Brokers report that Arne Blystad’s investment firm has signed up for 3,000 teu vessels at Penglai Zhongbai Jinglu Ship Industry. The total value of the order stands at approximately $129m, with deliveries scheduled…

  • AD Ports bolsters Bahrain ties with shipyard and port initiatives

    AD Ports bolsters Bahrain ties with shipyard and port initiatives Abu Dhabi-based ports and logistics giant AD Ports Group has signed three agreements with Bahrain’s Arab Shipbuilding & Repair Yard Company (ASRY) designed to boost shipbuilding, drydocking, and port management capabilities across the Gulf region and beyond. The first agreement involves the establishment of a…

  • Oceaneering scores Gulf of Mexico vessel contract

    Oceaneering scores Gulf of Mexico vessel contract Houston-based oilfield services provider Oceaneering has, through its offshore projects group (OPG), secured a vessel services contract with an undisclosed major operator in the Gulf of Mexico. The agreement will see the US-flagged 2013-built multipurpose vessel (MPSV) Harvey Deep Sea deployed to carry out subsea inspection, maintenance, and…

  • Chartwell Marine designs CTV to support legacy offshore wind turbines

    Chartwell Marine designs CTV to support legacy offshore wind turbines NR Marine Services has commissioned UK-based ship designer Chartwell Marine to design a new CTV, which will be capable of supporting older generation assets, now referred to as legacy turbines. These vessels will still be constructed and outfitted with modern technologies to maximise vessel fuel…

  • Green shipping leaders struggle to meet efficiency targets

    Green shipping leaders struggle to meet efficiency targets Just how big a mountain shipping has to climb if it is to keep up with the green goals set by the International Maritime Organization(IMO) has been set in sharp relief with the latest disclosure report from the Sea Cargo Charter, whose members are considered environmental leaders…

  • Middle East shipping routes on alert amid rising US-Iran-Israel tensions

    Middle East shipping routes on alert amid rising US-Iran-Israel tensions A rare and urgent joint advisory issued by United Kingdom Maritime Trade Operations, Maritime Security Centre – Horn of Africa, and Joint Maritime Information Centre has set alarm bells ringing for ship operators passing through the Middle East. The advisory warns of an increased threat…

  • Geneva Dry 2026 opens for business

    Geneva Dry 2026 opens for business Organisers of Geneva Dry, the world’s premier commodities shipping conference, have unveiled today the agenda for the 2026 edition of the summit with marketing officially underway for what is forecast to be a record turnout at the five-star Hotel President Wilson on the shore of Lake Geneva. The annual…

  • Toro circles back to tankers with $36m MR deal

    Toro circles back to tankers with $36m MR deal Nasdaq-listed owner Toro Corp has made a swift return to the tankers segment with the acquisition of a modern MR unit. The Petros Panagiotidis-led spinoff of Cyprus-based Castor Maritime has struck a deal for an unnamed 2021-built products carrier costing $36.25m. The company said it would…

  • Japan’s Shinomiya Tanker taps domestic yards for handysize bulker series

    Japan’s Shinomiya Tanker taps domestic yards for handysize bulker series Japanese shipowner Shinomiya Tanker has reportedly commissioned three compatriot yards for five handysize bulker newbuildings. The Tokushima-based company has placed a single 40,000 dwt vessel at Naikai Zosen, with two additional ships each ordered from Imabari Shipbuilding and Hakodate Dockyard at $33m apiece. The first…

  • Large-cap carrier club grows to six

    Large-cap carrier club grows to six Container shipping has proven popular in recent weeks with investors on the back of surging, trade war-related freight rates, with Alphaliner reporting that as of last month, there are now six listed carriers officially deemed large cap with market valuations of more than $10bn. Wan Hai of Taiwan is…

  • ADNOC L&S lands $530m deal with petchem giant Borouge

    ADNOC L&S lands $530m deal with petchem giant Borouge ADNOC Logistics & Services (ADNOC L&S) has secured a 15-year contract with its compatriot polyolefins major, Borouge, to manage logistics for more than half of its annual petrochemicals output. The deal, valued at $531m, covers port management, container handling, and feeder container ship services for the…

  • EU pushes for $45 Russian oil price cap and expands crackdown on shadow fleet

    EU pushes for $45 Russian oil price cap and expands crackdown on shadow fleet The European Union has proposed a fresh round of sanctions against Russia, including those targeting more than 70 ships in the so-called shadow fleet and lowering the price cap on Russian seaborne oil. The latest proposal, unveiled on Tuesday by European…

  • DryDel inks ultramax order in Japan

    DryDel inks ultramax order in Japan Greek bulker owner and operator DryDel Shipping is expanding its fleet with an ultramax newbuilding deal in Japan. The Costas Dellaportas-led company has penned a contract with Nihon Shipyard to see the 64,000 dwt vessel delivered in 2028. Financial terms have not been divulged. The order marks the 10th…

  • COSCO Shipping Specialized Carriers seals $310m deal for six heavylift ships

    COSCO Shipping Specialized Carriers seals $310m deal for six heavylift ships COSCO Shipping Specialized Carriers is bringing in six multipurpose heavylift vessels in a deal with Bank of Communications Financial Leasing (BoComm Leasing). The Shanghai-listed unit of COSCO Shipping Group, with a diversified fleet of more than 150 ships, has signed up for 60,000 dwt…

  • Petrobras launches survey tenders for offshore wind pilot project

    Petrobras launches survey tenders for offshore wind pilot project Brazilian state-owned oil and gas company Petrobras has launched two tenders for an offshore wind pilot project off the coast of Rio de Janeiro state. One tender is for the acquisition and processing of geophysical data in ultra-shallow waters off São João da Barra. The acquisition,…

  • Clarksons Port Services to support O&M of RWE’s German offshore wind farm

    Clarksons Port Services to support O&M of RWE’s German offshore wind farm German utility RWE has signed two deals with Clarksons’ port services unit to support operations and maintenance activities at the Nordseecluster offshore wind project. Clarksons Port Services will construct a new warehouse facility in the port of Eemshaven in the Netherlands. The facility…