krogragg

Tag: splash24x7

  • Prolonging a career at sea

    Prolonging a career at sea Can improved connectivity onboard lead to more seafarers extending their time onboard before pursuing a career ashore? The second installment of Connectivity with Inmarsat, a special report contained within Ship Concept 2035, our new magazine. Shipping faces a shortage of qualified staff at sea, a problem that risks becoming more…

  • Four missing in Wan Hai boxship blaze off India

    Four missing in Wan Hai boxship blaze off India A fire and explosion aboard the Singapore-flagged containership Wan Hai 503 have left four crew members missing off the southwest coast of India. The incident occurred on Monday around 12.30 hrs Singapore time, some 80 km southwest of Azhikkal, Kerala. The 4,333 teu vessel, operated by…

  • Nova Scotia premier pitches 40GW offshore wind energy plan

    Nova Scotia premier pitches 40GW offshore wind energy plan The Canadian province of Nova Scotia has proposed a major offshore wind project with the end goal of constructing enough turbines to generate 40GW of electricity over the next decade. The premier of Nova Scotia, Tim Houston, outlined the plan, which would, if executed, cover around…

  • Chicago PE firm teams with Manish Singh to set up shipping tech acquisition fund

    Chicago PE firm teams with Manish Singh to set up shipping tech acquisition fund Chicago-based private equity firm GTCR has formed a partnership with well-known shipping investment consultant Manish Singh, understood to be worth hundreds of millions of dollars, to acquire maritime tech companies. Singh will serve as CEO of the newly formed Maris Investments,…

  • Diana Shipping charters out panamax to Stone Shipping

    Diana Shipping charters out panamax to Stone Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with Stone Shipping for one of its panamax vessels. The company hired the 2014-built, 77,529 dwt ice-class bulker Atalandi. The gross charter rate is $9,000 per day for the 35 days of the charter period…

  • Inmarsat: ’The opportunity to transform is fantastic’

    Inmarsat: ’The opportunity to transform is fantastic’ Shipping is entering an exciting, potentially transformative era over the coming decade, reckons Ben Palmer, the president of Inmarsat Maritime. The question he has though is whether the industry will be able to grab all the opportunities out there, or will its conservative, fragmented nature hold it back?…

  • Will broadband be free for all?

    Will broadband be free for all? The so-called office onboard will be achieved by full broadband internet free for all for how much of the fleet by 2035? The opening installment of Connectivity with Inmarsat, a special report contained within Ship Concept 2035, our new magazine. Connected ships are all the rage these days, discussed…

  • Historic surge on the transpacific buoys liner profits

    Historic surge on the transpacific buoys liner profits Drewry’s weekly World Container Index (WCI) increased 41% to $3,527 per feu yesterday, the second highest leap dollars-wise since the index was created, with the busy transpacific leading the way once again amid a brief trade detente between the world’s two largest economies, the US and China.…

  • Red Sea shipping rebounds 60% as Houthi attacks decline

    Red Sea shipping rebounds 60% as Houthi attacks decline The volume of ship traffic in the Red Sea has increased by 60% since August 2024, now reaching 36 to 37 ships per day. Despite the rebound, volumes remain well below pre-crisis levels, according to Rear Admiral Vasileios Gryparis, commander of the EU’s Aspides naval mission.…

  • Salvors unable to reach fire-stricken Morning Midas until Monday

    Salvors unable to reach fire-stricken Morning Midas until Monday Efforts to bring the fire-stricken Morning Midas under control are facing a significant delay, with salvage teams not expected to reach the drifting vessel until Monday, nearly a full week after the crew abandoned ship. Zodiac Maritime, the manager of the Liberian-flagged car carrier, confirmed that…

  • Resilience, accountability, agility: the case for small independent dry bulk operators

    Resilience, accountability, agility: the case for small independent dry bulk operators Sagitta Marine managing director Thomas Zaidman argues why smaller shipowners are a necessary force – not a risk – in the market. The recent Geneva Dry conference saw shipowners converge in huge numbers to listen to panels on many matters of interest to the…

  • ‘Britain has gone to hell, like Norway’: John Fredriksen

    ‘Britain has gone to hell, like Norway’: John Fredriksen Norway’s richest man, John Fredriksen, has launched a blistering critique of the state of life in both Norway and the UK, confirming he is relocating some of his business to the United Arab Emirates to escape what he sees as a Western world in steep decline.…

  • LR report outlines clear case for shipowners to retrofit

    LR report outlines clear case for shipowners to retrofit Demand for advanced propeller retrofits and energy-saving devices (ESDs) has nearly quadrupled since 2020 to enhance energy efficiency to meet tightening emissions regulations.  Click to enlarge However, according to a new report from British class society Lloyd’s Register (LR), while high-efficiency propellers can deliver fuel savings…

  • Germany’s CLI books MPP newbuild at Royal Bodewes

    Germany’s CLI books MPP newbuild at Royal Bodewes German shipping and logistics group CLI has contracted a multipurpose (MPP) newbuilding at Dutch yard Royal Bodewes. The deal with an undisclosed value covers an 8,500 dwt unit that has been designed to feature advanced environmental and fuel efficiency technologies, including a methanol-ready main engine and an…

  • BIMCO drafting standard clause to address US tariff measures

    BIMCO drafting standard clause to address US tariff measures The world’s largest shipping association, BIMCO, has begun drafting a standard clause to address legal and contractual uncertainties stemming from recent US trade policy developments. The move follows a notice of actions by the United States Trade Representative (USTR) to impose new fees on vessels calling…

  • Carsten Rehder lines up more newbuilds in India

    Carsten Rehder lines up more newbuilds in India German shipowner Carsten Rehder Schiffsmakler und Reederei is further strengthening its ties with India’s Garden Reach Shipbuilders and Engineers (GRSE), signing a new memorandum of intent for four additional multipurpose (MPP) dry cargo vessels. The agreement, signed during the Nor-Shipping event in Oslo, brings the total number…

  • Crewing in the digital age

    Crewing in the digital age In the latest instalment from Ship Concept 2035, our brand new magazine, Splash reporters detail a recent, pertinent workshop at Geneva Dry. Starting off the 2025 edition of the world’s leading commodities shipping event, Geneva Dry, was a specialist workshop sponsored by Inmarsat exploring how connectivity at sea drives digitalisation,…

  • MAN Energy Solutions changes name to Everllence

    MAN Energy Solutions changes name to Everllence Ship engine manufacturer MAN Energy Solutions has changed its name and will from now on be known as Everllence. Everllence remains part of the Volkswagen Group, and the company’s product and service portfolio also remains unchanged. To commemorate the occasion, CEO Uwe Lauber symbolically unveiled the new company…

  • HHLA buys majority stake in Ukrainian intermodal terminal

    HHLA buys majority stake in Ukrainian intermodal terminal Hamburger Hafen und Logistik AG (HHLA) has decided to invest in another terminal in Ukraine. The company is acquiring 60% of the shares in the Eurobridge Intermodal Terminal in Batiovo in western Ukraine. HHLA sees Ukraine as a hub for continental container transport and is simultaneously strengthening…

  • Crew evacuate fire-hit Zodiac car carrier

    Crew evacuate fire-hit Zodiac car carrier London-based owner Zodiac Maritime has launched an emergency response following a fire that broke out on its 4,902 ceu car carrier Morning Midas. According to the company, the incident occurred at around midnight local time on June 3 in the Pacific Ocean, some 1,900 km from the port of…

  • Dali VDR transcript released

    Dali VDR transcript released The National Transportation Safety Board (NTSB) in the US has released the audio transcript from the Dali containership’s voyager data recorder (VDR) on the night of March 26 last year when it slammed into Baltimore’s largest bridge, creating one of the most high-profile shipping accidents of the decade to date.  The…

  • Purus confirms South Korean LNG carrier order

    Purus confirms South Korean LNG carrier order UK-based shipowner Purus Marine has firmed up an order for a new LNG carrier at HD Hyundai Heavy Industries, adding to its growing gas carrier orderbook in South Korea. The Julian Proctor-led company has signed for a 180,000 cu m newbuild with delivery set for the fourth quarter…

  • OceanPal offloads its oldest bulker

    OceanPal offloads its oldest bulker Greek shipowner OceanPal has struck a deal to sell its oldest bulk carrier. The Nasdaq-listed company is shipping out the 2004-built panamax Protefs to an unnamed buyer for $7m before commissions. The Jiangnan Shanghai Changxing-built 73,600 dwt unit should change hands by June 17. Earlier this year, OceanPal sold the…

  • Lloyd’s Register: How the business of classification is evolving

    Lloyd’s Register: How the business of classification is evolving It was 30 years ago this summer that Nick Brown walked into the Fenchurch Street offices of Lloyd’s Register as a graduate trainee in a career that has seen him work across Europe, the Middle East, and Asia, before getting the corner office in early 2021.…

  • Can global legislation keep up with the ships of the future?

    Can global legislation keep up with the ships of the future? In the second instalment from Ship Concept 2035, our brand new magazine, Splash identifies where regulators are enforcing change and where they are not. In global shipping, we often talk about regulation as a good thing – and rightly so. Rules are meant to…

  • Diana Shipping fixes out newcastlemax to Bohai Ocean Shipping

    Diana Shipping fixes out newcastlemax to Bohai Ocean Shipping Greek bulker owner Diana Shipping has entered into a time charter contract with Bohai Ocean Shipping for one of its newcastlemax vessels. The company hired the 2017-built, 208,021 dwt bulker Newport News. The gross charter rate is $25,000 per day, minus a 5% commission paid to third…

  • Solvang and BlackRock’s GIP form liquefied gas shipping firm

    Solvang and BlackRock’s GIP form liquefied gas shipping firm Norwegian gas shipowner Solvang and BlackRock’s Global Infrastructure Partners (GIP) have established a liquefied gas shipping joint venture. The new 50:50 joint venture will be named Solvang Gas Carriers. It will initially own Solvang’s fleet of 13 VLGCs designed to transport LPG and ammonia, and will…

  • Union Maritime launches financing scheme to spur wind propulsion use

    Union Maritime launches financing scheme to spur wind propulsion use UK shipowner Union Maritime has launched a new lease financing programme, which will help accelerate the adoption of wind-assisted propulsion systems in the maritime sector. The new programme, named SeaBreeze, offers 100% financing, making sustainable technologies more accessible for shipowners aiming to meet evolving emissions…

  • Bumi Armada JV nets three-year FPSO charter in India

    Bumi Armada JV nets three-year FPSO charter in India Malaysian oilfield services company Bumi Armada and its joint venture partner Shapoorji Pallonji Energy (SP Energy) have won a contract from ONGC for the bareboat charter of the Armada Sterling II FPSO. The vessel will continue operating on ONGC’s Cluster 7 field about 210km off the…

  • Faster, greener shipping route launched in Vietnam

    Faster, greener shipping route launched in Vietnam DP World, in partnership with VIMC Container Lines Joint Stock Company (VIMC Lines), has launched a new coastal and river transport service that is said to cut cargo transit times by 70%. The so-called Mekong Express service connects inland port Cai Cui and deepwater port Cai Mep twice…

  • ADNOC inks molten sulphur carrier order

    ADNOC inks molten sulphur carrier order Abu Dhabi National Oil Company (ADNOC) is boosting its molten sulphur logistics by commissioning a new specialised tanker. Clarksons reports the UAE state-owned energy giant has placed an order with Jiangsu Zhenjiang Shipyard in China for the construction of an 11,000 dwt carrier, scheduled for delivery in 2027. Financial…

  • Huarong Leasing signs for chemical tanker trio at Wuhu

    Huarong Leasing signs for chemical tanker trio at Wuhu China Huarong Financial Leasing has inked a newbuilding contract with Wuhu Shipyard for the construction of three diesel-electric chemical tankers. The 6,600 dwt vessels came with a price tag of RMB 133.25m each ($18.5m), with the first unit scheduled for delivery in November 2026 and the…

  • Capital Maritime adds to Korean boxship newbuild series

    Capital Maritime adds to Korean boxship newbuild series Greece’s Capital Maritime has firmed up a pair of 8,800 teu newbuildings in South Korea, lifting its recent containership orders to 20 ships worth nearly $1.6bn. Newbuilding brokers have named the Evangelos Marinakis-led company behind the two LNG dual-fuel units booked for construction at HD Hyundai Samho…

  • Vietnam’s Hai An Transport orders up to four boxships in China

    Vietnam’s Hai An Transport orders up to four boxships in China Vietnamese shipping and logistics company Hai An Transport and Stevedoring has launched a new fleet expansion programme with the order of up to four containerships from Chinese builder Jiangsu New Yangzi Shipbuilding. The deal includes two firm vessels and two optional units, each with…

  • Record numbers of vessels abandoned

    Record numbers of vessels abandoned The number of vessel abandonments has soared nearly 33% year-on-year, with 158 cases already recorded by May 2025, compared to 119 at the same point last year, according to new figures released by the International Transport Workers’ Federation (ITF). These cases have impacted at least 1,501 seafarers—many of whom have…

  • Fatigue among seafarers on the rise

    Fatigue among seafarers on the rise Work-related fatigue among cargo ship crews is growing worse, despite international regulations and onboard monitoring aimed at ensuring sufficient rest for seafarers, according to a new study from Cardiff University’s Seafarers International Research Centre (SIRC). The research, which draws on anonymous survey responses and interviews with over 2,400 maritime…

  • UN nuclear chief meets Greek shipping leaders to advance maritime nuclear propulsion

    UN nuclear chief meets Greek shipping leaders to advance maritime nuclear propulsion Rafael Mariano Grossi, director general of the International Atomic Energy Agency (IAEA), met with leading Greek shipowners on Thursday to explore the potential of nuclear-powered commercial vessels. The talks come as the UN agency launches ATLAS — Atomic Technology Licensed for Applications at…

  • Appeals court temporarily reinstates Trump tariffs

    Appeals court temporarily reinstates Trump tariffs A federal appeals court has reinstated one of president Donald Trump’s broadest tariff actions, just one day after the US Court of International Trade ruled the move unconstitutional and blocked its implementation—triggering renewed uncertainty across global shipping and supply chains. On Thursday, the US Court of Appeals for the…

  • Case made for ammonia in the wake of IMO’s Net Zero Framework

    Case made for ammonia in the wake of IMO’s Net Zero Framework A new study from the UCL Energy Institute’s Shipping and Oceans Research Group and UMAS, commissioned by the Global Maritime Forum, concludes that the International Maritime Organization’s recently agreed Net Zero Framework (NZF) sends a strong market signal favouring ammonia dual-fuel ships—particularly from…

  • SSY to launch offshore drilling rig business

    SSY to launch offshore drilling rig business UK shipbroking group SSY has revealed that it would be further expanding its offshore offering with the launch of a dedicated rig business later this year. Nicholas Wagner-Larsen, an experienced offshore and rig broker, will join SSY in September to head up the new rig division. He is…

  • Euroseas cashes in on 20-year-old post-panamax boxship

    Euroseas cashes in on 20-year-old post-panamax boxship Greek containership owner Euroseas is set to lock in a strong return by selling a 20-year-old post-panamax vessel acquired less than four years ago. The Nasdaq-listed company has offloaded the 2005 Koyo Dock-built 6,350 teu Marcos V to an undisclosed, unaffiliated buyer for $50m. Euroseas originally bought the…

  • Eni selling nearly half of its carbon capture business to BlackRock’s GIP

    Eni selling nearly half of its carbon capture business to BlackRock’s GIP Italian giant Eni has signed an agreement to enter into a period of exclusivity with BlackRock’s Global Infrastructure Partners (GIP) regarding the sale of a 49.99% stake in its carbon capture business. During the exclusivity period, GIP will progress the confirmatory due diligence…

  • Noble fixes rig on UK carbon storage project

    Noble fixes rig on UK carbon storage project Offshore rig owner Noble Corporation has secured work for its jackup Noble Innovator on the UK North Sea carbon storage project. The New York-listed Texas-headquartered driller has won a new contract from BP which will see the 2003-built ultra-harsh environment unit drill six firm wells for the…

  • Federal court blocks Trump’s tariffs

    Federal court blocks Trump’s tariffs In the latest twist in the trade war unleashed by Donald Trump, an American federal court has blocked the president’s sweeping tariffs. The Court of International Trade has ruled that the emergency law invoked by the White House does not give the president unilateral authority to impose tariffs on nearly…

  • GulfNav inks Brooge Energy acquisition deal

    GulfNav inks Brooge Energy acquisition deal Dubai shipping firm Gulf Navigation (GulfNav) has officially put pen to paper on a deal to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, involves a transaction worth $871m, of which $125m in cash, and the sale of the assets…

  • COSCO books chemical tanker at Wuchang

    COSCO books chemical tanker at Wuchang COSCO Shipping Energy Transportation (CSET) has expanded its tanker orderbook with a single chemical carrier newbuilding. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction a 9,200 dwt stainless steel unit at Wuchang Shipbuilding. The deal, worth about $25m is…

  • BW Offshore swoops on laid-up FPSO

    BW Offshore swoops on laid-up FPSO Floater specialist BW Offshore has sealed a deal to buy an idle FPSO, calling the acquisition a strategic move to secure a high-quality production asset amid a tightening market with few comparable opportunities available. The Oslo-listed company is adding the 2006-built Nganhurra for an undisclosed sum in a transaction…

  • The floating dead: oversight lags behind the rise of zombie vessels

    The floating dead: oversight lags behind the rise of zombie vessels Maritime identity laundering and the rise of so-called zombie vessels have evolved from a niche tactic into a “systemic enabler of large-scale sanctions evasion” with global authorities unable to keep up, according to a new report from Kpler, a maritime analytics platform. “Zombie vessels…

  • ONE and Hapag-Lloyd line up more than 30 newbuild contracts

    ONE and Hapag-Lloyd line up more than 30 newbuild contracts Alphaliner is reporting that Ocean Network Express (ONE) and Hapag-Lloyd are close to finalising big orders in Asia as the record global container orderbook nears 10m teu. Singapore-based, Japanese-owned ONE is in discussions with HD Hyundai in South Korea for up to twelve 16,000 teu…

  • China United Lines reenters booming transpacific trades

    China United Lines reenters booming transpacific trades China United Lines (CUL) is making the most of the boom times suddenly being seen on the transpacific, with news from Linerlytica, a consultancy, that it reenter the tradelane with the launch of its Trans Pacific West Coast 1 (TP1) service calling at Shekou, Ningbo, Qingdao, Long Beach,…

  • CMA CGM signs $600m Vietnam box terminal deal

    CMA CGM signs $600m Vietnam box terminal deal France’s CMA CGM has penned an agreement with Saigon Newport Corporation (SNP) to develop a new $600m deepwater terminal in Haiphong, northern Vietnam. The deal covers the design, construction, and operation of the Lach Huyen terminals 7 and 8, located in Lach Huyen area in Haiphong. The…

  • Cido reverses course on VLACs with suezmax newbuild switch

    Cido reverses course on VLACs with suezmax newbuild switch Cido Shipping has had a change of heart on its entry into the very large ammonia carriers (VLACs) segment, choosing instead to pivot back to a more conventional market. The Hong Kong-based tonnage provider has reportedly converted its previous order at HD Hyundai Heavy Industries for…

  • Boxport congestion spreads from Europe to the US and China

    Boxport congestion spreads from Europe to the US and China Port congestion seen across key Northern European hubs is intensifying and is now spreading to China and the US, a situation expected to worsen as a result of Donald Trump’s on/off tariff strategy.  Compounding the situation, low water levels on the Rhine are limiting barge…

  • Nearly 60 LNG carriers stand idle

    Nearly 60 LNG carriers stand idle The depressed liquefied natural gas (LNG) carrier sector sees nearly 60 vessels, according to data from Clarksons Research. In a striking sign of shifting market fundamentals, shipowners—particularly in South Korea—have begun sending older, less efficient LNG carriers to the scrapyards in increasing numbers. According to leading shipbroker Clarksons, four…

  • Second officer charged with negligent navigation over last week’s high-profile grounding in Norway

    Second officer charged with negligent navigation over last week’s high-profile grounding in Norway A Ukrainian second officer aboard the container vessel NCL Salten has been charged with negligent navigation following a grounding incident early Thursday morning near Trondheim, Norway. The ship ran aground just meters from a summer home in Byneset, narrowly avoiding significant property…

  • Japan-US Shipbuilding Revitalization Fund under discussion

    Japan-US Shipbuilding Revitalization Fund under discussion The Japanese government will issue a major new shipbuilding directive next month, aimed to revive an industry it used to lead the world in, as well as using the nation’s yards as a bargaining chip in trade talks with the Donald Trump administration in the US.  Using the 2022-promulgated…

  • BHP, Cargill and Rio Tinto seek new investors into RightShip

    BHP, Cargill and Rio Tinto seek new investors into RightShip BHP, Cargill and Rio Tinto, the founders of shipping vetting organisation RightShip, have employed Rothschild & Co to seek new investors. In a release, RightShip said its primary goal is to partner with an investor who brings not only capital but also significant expertise in…

  • Hudong-Zhonghua commissions giant new shipbuilding facility north of Shanghai

    Hudong-Zhonghua commissions giant new shipbuilding facility north of Shanghai One of China’s top shipyards, Hudong-Zhonghua Shipbuilding, has commissioned a giant new facility to boost its production of LNG carriers.  The new $2.5bn, 432 ha yard on Changxing Island north of Shanghai will boost the state-run company’s annual LNG carrier output from six to 10 vessels…

  • Eastern Pacific signs up for Korean autonomous navigation tech

    Eastern Pacific signs up for Korean autonomous navigation tech Singapore-based Eastern Pacific Shipping (EPS) has lined up two of its managed vessels for the installation of artificial intelligence-based autonomous navigation technology developed by Hyundai Heavy Industries’s subsidiary Avikus. The project will see Avikus’ Hyundai intelligent Navigation Assistant System (HiNAS) Control, HiNAS Cloud and analytics platform…

  • Shanghai port pollution in the spotlight

    Shanghai port pollution in the spotlight A new study by Scope3 emissions tracking specialist VesselBot reveals that greenhouse gas (GHG) emissions at major global ports continue to rise despite technological advancements and sustainability investments.  The report shows Shanghai port recorded the highest emissions (see chart below) at 140,000 tons, surpassing Singapore despite handling fewer vessels,…

  • Ningbo Ocean Shipping picks yard for 2,700 teu series

    Ningbo Ocean Shipping picks yard for 2,700 teu series Ningbo Ocean Shipping Co (NBOSCO) has selected a shipyard for its latest series of containership newbuildings. Huangpu Wenchong Shipbuilding has won a tender to build four 2,700 teu vessels for the Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group, which earlier this year lined up $192m for fleet…

  • Sedna expands with CompassAir buy

    Sedna expands with CompassAir buy UK-based technology firm Sedna has continued its expansion with the acquisition of Athens-based maritime workflow solutions provider, CompassAir. CompassAir, with a foothold in the Greek and Norwegian shipping sector, delivers expertise across the research, negotiation, and handover stages of the maritime trade lifecycle. The acquisition for an undisclosed sum will…

  • Cadeler buys Chinese-built wind turbine installation vessel

    Cadeler buys Chinese-built wind turbine installation vessel Copenhagen-headquartered offshore wind installation player Cadeler has bought a newly constructed jackup wind turbine installation vessel (WTIV) from Shanghai Boqiang Heavy Industry. The company acquired the 2024-built Boqiang 3060 vessel, set to be renamed Wind Keeper. The vessel is fitted with a Huisman main crane with a 2,200…

  • Norden helps lower Microsoft’s maritime supply chain emissions

    Norden helps lower Microsoft’s maritime supply chain emissions Danish shipping giant Norden is working on a pilot project with global technology company Microsoft to help reduce its maritime supply chain emissions The company said that the pilot project involves the use of Norden’s biofuel voyage and Book and Claim solution. Norden’s book and claim solution…

  • Shanghai Jinghan signs for chemical tanker newbuilds

    Shanghai Jinghan signs for chemical tanker newbuilds Shanghai Jinghan Shipping is expanding its fleet with up to two chemical tanker newbuildings at a domestic yard. The company, which says it operates and manages eight chemical tankers, has contracted Yangfan Group’s Zhoushan Dashenzhou Shipbuilding for one firm 7300 dwt duplex stainless steel unit and secured an…

  • Subsea 7 hot streak continues with West Africa contract

    Subsea 7 hot streak continues with West Africa contract Offshore engineering and services player Subsea 7 has announced a third contract award in as many days, this time in West Africa. Under the contract, Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of an FPSO…

  • Morek Engineering unveils floating wind installation vessel concept

    Morek Engineering unveils floating wind installation vessel concept A consortium led by Morek Engineering has unveiled its design concept for a new vessel class for the floating offshore wind (FLOW) market, having completed the first feasibility stage. Consortium partners include naval architects Solis Marine Engineering, innovation specialists Tope Ocean, marine operations specialists First Marine Solutions,…

  • UK slaps sanctions on British ship finance veteran over shadow fleet deals

    UK slaps sanctions on British ship finance veteran over shadow fleet deals The UK has imposed sanctions on a British ship finance veteran for allegedly buying tankers for Russia’s shadow fleet. John Ormerod was blacklisted on Tuesday alongside two Russian captains, 18 shadow fleet vessels and 46 financial institutions in the latest wave of British…

  • MAN Energy Solutions reveals world’s most powerful methanol engine

    MAN Energy Solutions reveals world’s most powerful methanol engine Ship engine manufacturer MAN Energy Solutions has developed the world’s most powerful two-stroke methanol engine. The engine, rated at 82,440kW at 80rpm, is currently being built by Chinese licensee CSSC-MES Diesel. This will be the first engine of 12 bound for a series of a dozen…

  • Petrobras pens EPCI deal with Subsea 7 worth nearly $1.5bn

    Petrobras pens EPCI deal with Subsea 7 worth nearly $1.5bn Brazilian oil and gas major Petrobras has signed an engineering, production, construction, and installation (EPCI) contract with Subsea 7 for the Búzios 11 Project, worth R$8.4bn ($1.48bn) The contract establishes a minimum requirement of 40% local content, but the expectation is to reach a percentage…

  • Norway opens bidding for 1.5GW of floating wind

    Norway opens bidding for 1.5GW of floating wind The Norwegian Ministry of Energy is calling for applications to its tender for three floating offshore wind project areas at Utsira Nord. Each project area may have an installed capacity of up to 500MW of floating offshore wind. Interested parties must submit applications by September 15. According…

  • Denmark sets up offshore wind tender with up to $8.3bn in subsidies

    Denmark sets up offshore wind tender with up to $8.3bn in subsidies The Danish government has revealed it would launch a 3GW offshore wind tender this autumn. The country also decided to support developers with two-sided contracts for difference after last year’s tender attracted no bids. The three tenders cover two areas in the Danish…

  • Martin Sato returns as CEO at Lauritzen Bulkers

    Martin Sato returns as CEO at Lauritzen Bulkers Denmark’s Lauritzen Bulkers has appointed Martin Sato as its new chief executive. Sato, who previously spent 18 years at J. Lauritzen’s dry bulk business, will join the Copenhagen-based shipowner and operator by December from fellow handysize bulker player BaltNav, where he has served as CEO since 2024.…

  • MSC invests in Ukrainian inland logistics

    MSC invests in Ukrainian inland logistics Swiss-based Medlog, a growing inland cargo business of the world’s largest liner, Mediterranean Shipping Co (MSC), has made its entry into Ukrainian logistics. Local media report Medlog has bought 50% of the Ukrainian intermodal logistics operator N’UNIT (New Ukrainian Network of Intermodal Terminals) and a 25% stake in the…

  • Norden signs iron ore port logistics deal in Australia

    Norden signs iron ore port logistics deal in Australia Danish shipping giant Norden has signed its first port logistics project in Australia with Kimberley Metals Group (KMG), a developer and operator of iron ore mining projects. Norden will provide additional assets for the existing transhipment operation, loading iron ore from the port of Wyndham in…

  • Lamprell pens wind installation vessel deal with Dong Fang Offshore

    Lamprell pens wind installation vessel deal with Dong Fang Offshore UAE-based fabricator Lamprell has signed a memorandum of understanding with Taiwanese owner and operator Dong Fang Offshore for a newbuild wind turbine installation and maintenance vessel. The GustoMSC-designed NG-9000X vessel will be built in compliance with Taiwanese shipping law. It will feature a heavy-lift crane,…

  • Inefficiencies proliferate across ageing global tanker fleet

    Inefficiencies proliferate across ageing global tanker fleet The vintage state of the global tanker fleet is leading to severe inefficiencies, with new data showing how many rust buckets have to spend more time not moving or in ballast. Data from broker Gibson shows 51% of the total tanker fleet of 25,000 dwt and above is…

  • Taizhou Hailian emerges behind Norden-bound MPP newbuilds

    Taizhou Hailian emerges behind Norden-bound MPP newbuilds China’s Taizhou Hailian Shipping has emerged behind multipurpose newbuildings that are backed by charters with Norden’s project cargo division. Splash reported last week that the Danish shipping giant would be adding two more 17,500 dwt MPPs as part of the four-ship newbuild move initiated earlier this year. The…

  • COSCO inks VLGC orders

    COSCO inks VLGC orders Chinese state-owned shipping giant COSCO has made a fresh newbuilding move in the gas carrier segment. Clarksons reports a subsidiary, COSCO Shipping Investment Dalian, has contracted two 88,000 cu m newbuilds at COSCO Heavy Industry Qidong Offshore, with delivery expected in September and December of 2027. No price has been revealed,…

  • CMB.TECH linked to tanker newbuilds in China

    CMB.TECH linked to tanker newbuilds in China Antwerp-based owner and operator CMB.TECH has been tied to a newbuilding deal in China for up to five tankers. The Saverys family-led group has reportedly returned to Qingdao Beihai Shipyard for one VLCC and two firm plus two optional suezmaxes. Brokers estimate the VLCC newbuild at around $135m,…

  • Newbuild prices edge down

    Newbuild prices edge down Latest data from Clarksons Research shows that after three bumper years of orders, the appetite for newbuilds among owners is weak, down 57% year-on-year, which has also seen newbuild prices finally edge down. Clarksons is reporting newbuild prices are down 1.2% from the start of 2025, though they are still historically…

  • Why diversity makes business sense

    Why diversity makes business sense On International Women in Maritime Day, Sakura Kuma, senior advisor at Mitsui OSK Lines (MOL), outlines how the maritime industry could more effectively make use of its innate diversity.  Shipping is a truly international business and I was drawn to a career in the industry as the result of the…

  • Less than one in five working in maritime today are women

    Less than one in five working in maritime today are women Ahead of Sunday’s International Women in Maritime Day, a new, giant survey jointly conducted by  the International Maritime Organization (IMO) and the Women’s International Shipping & Trading Association (WISTA) shows how shipping remains a male-dominated industry, with women making up just 19% of the…

  • Shanghai spot box rates to US west coast leap 31% in just one week

    Shanghai spot box rates to US west coast leap 31% in just one week Friday’s weekly publishing of spot rates from the Shanghai Shipping Exchange has given a stark picture of the frenzy building on the transpacific. Rates from China to the US west coast leapt 31% week-on-week, while rates to the east coast jumped…

  • China smashes car carrier size records twice in less than a month

    China smashes car carrier size records twice in less than a month China has broken the record for the world’s largest car carrier for the second time in under a month with the sailaway of the Anji Ansheng, a 9,500 ceu ship owned by SAIC Anji Logistics, a subsidiary of China’s giant car manufacturer SAIC.…

  • How to profit from FuelEU Maritime

    How to profit from FuelEU Maritime As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around €250m ($280m), according to a recent analysis by maritime data and compliance firm…

  • HD Hyundai pitches port cranes to US Trade Representative

    HD Hyundai pitches port cranes to US Trade Representative Jamieson Greer, the US Trade Representative, has been in South Korea this week where shipbuilding talks have taken place as well as pitches made to become an alternate supply of port cranes.  As well as meeting with government officials, Greer sat down with HD Hyundai vice…

  • Denmark first to launch remote pilotage

    Denmark first to launch remote pilotage With approval from the Danish Emergency Management Agency, DanPilot and Danelec are now initiating a test program for remote pilotage – the first of its kind in the world.  The test program created by DanPilot and Danelec allows pilots to guide ships from land, using only advanced data transmitted…

  • How iron ore seaborne trading patterns are changing

    How iron ore seaborne trading patterns are changing Some heavy-hitters were on stage for the final session of this year’s Geneva Dry summit, the iron ore panel moderated by Tim Huxley, the CEO of Mandarin Shipping, who kicked proceedings off by asking panellists if there had ever been a more difficult time to form a…

  • Liners confident of pushing through rate rises on surging transpacific business

    Liners confident of pushing through rate rises on surging transpacific business Liner executives are reporting a dramatic pick-up in box bookings between China and the US this week as a 90-day mini-reprieve in the tariff war between the world’s two largest economies gets underway. The busier liner bookings have yet to translate into an immediate…

  • Star Bulk clears out five ageing supramaxes

    Star Bulk clears out five ageing supramaxes Nasdaq-listed Greek dry bulk giant Star Bulk Carriers has confirmed sales of five older supramax vessels. The Athens-based company revealed in its first-quarter earnings report it had sold the 2005-built Star Omicron and the 2006-built Strange Attractor. Both ships have already been delivered and renamed Fu Chang and…

  • Fednav’s Paul Pathy takes over at BIMCO

    Fednav’s Paul Pathy takes over at BIMCO The world’s largest shipping association, BIMCO, has elected its first president from the Americas. Paul Pathy, president and chief executive of Canada’s largest dry bulk shipping company, Fednav, is taking over from Nikolaus Schües, CEO of German owner F. Laeisz, who is finishing his two-year term. “I am…

  • Norden exercises option for two more MPPs

    Norden exercises option for two more MPPs Danish shipping giant Norden has decided to increase its multi-purpose (MPP) fleet by signing newbuilding leases with purchase options for two vessels. These two vessels are options to the recently signed deals for two identical vessels set to deliver in 2026. This latest pair of 17,500 dwt vessels…

  • EU sanctions target nearly 200 Russia-linked ships

    EU sanctions target nearly 200 Russia-linked ships European Union countries have agreed to impose a new raft of sanctions against Russia, including those targeting nearly 200 ships in the so-called shadow fleet used to circumvent restrictions on oil and gas exports. The new round of sanctions, set to be adopted next week, comes as Moscow…

  • Minerva buys another modern boxship

    Minerva buys another modern boxship Greek owner Minerva has bought the three-year-old, 1,781 teu Mindoro boxship from Germany’s Briese Schiffahrt for $31.5m. The sale makes a tidy profit for the German owner, who ordered the ship in 2021 for $26m, according to data from Alphaliner. The ship has been renamed Little Symphony and it remains…

  • Suez Canal offers discount in bid to lure boxships back

    Suez Canal offers discount in bid to lure boxships back Egypt’s Suez Canal will offer a 15% discount for the next three months on transit fees for containerships of approximately 13,500 teu and above in terms of capacity, to encourage trade back, with recent headlines suggesting the Red Sea shipping crisis is coming to a close. The…

  • Equinor extends stay for Simon Møkster ERRV trio

    Equinor extends stay for Simon Møkster ERRV trio Norwegian energy major Equinor has exercised the first extension option for three Simon Møkster Shipping’s emergency response and rescue vessels. The vessels in question are the 2003-built Stril Poseidon, the 2011-built Stril Merkur, and the 2008-built Stril Herkules. The vessels will continue their services on the Norwegian…

  • Greta Thunberg-led activists storm Maersk Tankers Copenhagen office

    Greta Thunberg-led activists storm Maersk Tankers Copenhagen office Over 50 activists from the Green Youth Movement (Den Grønne Ungdomsbevægelse) have broken into the Copenhagen office of Maersk Tankers. The activists claim that the action is part of a larger series of actions over the next 10 days that will focus on the alleged role of…

  • Russia readies billions for domestic fleet buildout

    Russia readies billions for domestic fleet buildout Russia is stepping up the development and renewal of its fleet with plans to add more than 1,600 domestically built ships by 2036. Russian prime minister Mikhail Mishustin said that more than RUB500bn ($6.2bn) in federal funding will be spent over the next six years to support shipbuilders,…

  • Tariff truce tipped to usher in covid era uptick in box fortunes

    Tariff truce tipped to usher in covid era uptick in box fortunes The 90-day tariff ceasefire between the world’s top two economies could see covid era surges in shipments and box freight rates, one leading analyst has suggested.  The US and China have agreed to slash reciprocal tariffs by 115% for the next 90 days.…