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Tag: splash24x7

  • 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…

  • Polemis tied to suezmax order in China

    Polemis tied to suezmax order in China Adam Polemis’ New Shipping has been tied to fresh Chinese tonnage, extending its suezmax tanker orderbook and newbuilding programme that has gathered pace over the past year. CSSC Beihai Shipbuilding has secured a contract for a 161,800-dwt suezmax crude oil tanker from undisclosed Greek interests. However, Greek broking…

  • Former UK MP takes on maritime nuclear role

    Former UK MP takes on maritime nuclear role Virginia Crosbie has been appointed managing director of the Nuclear Energy Maritime Organization (NEMO), a membership-led body promoting the safe, secure and sustainable use of nuclear technologies in the maritime sector. Crosbie, who is chair of Supporters of Nuclear Energy (SONE), takes up the role at a…

  • 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…

  • Scorpio Tankers sheds 11-year-old LR2

    Scorpio Tankers sheds 11-year-old LR2 Monaco-headquartered product carrier major Scorpio Tankers has sold one of its LR2 tankers. The New York-listed owner said the 2015-built scrubber-fitted LR2 product tanker STI Kingsway for $57.5m to an undisclosed buyer. According to the Emanuele Lauro-led company, the sale is expected to close within the first or second quarter…

  • Himalaya Shipping seals fresh index-linked deal

    Himalaya Shipping seals fresh index-linked deal Oslo-listed Himalaya Shipping has fixed one of its newcastlemax vessels on a fresh time charter, locking in improved earnings. The Tor Olav Troim-backed owner said the 2023-built Mount Ita has been chartered for a period of 11 to 14 months. The new contract is due to kick in during…

  • Nova Marine Carriers JV doubles down on Amsterdam logistics

    Nova Marine Carriers JV doubles down on Amsterdam logistics Italian-Swiss dry bulk group Nova Marine Carriers has tightened its grip on the Port of Amsterdam after completing the acquisition of the Waterland Terminal in a joint venture with Germany’s Aug. Bolten and Spain’s Ership. The deal was executed through Dutch subsidiary Maja Stuwadoors Groep, which…

  • Frontline refreshes VLCC fleet in $2bn overhaul

    Frontline refreshes VLCC fleet in $2bn overhaul John Fredriksen’s tanker giant Frontline is rolling out a $2bn-plus VLCC fleet revamp, selling older tonnage while lining up a slate of latest-generation newbuildings. The New York- and Oslo-listed owner has agreed to sell eight first-generation VLCCs, built between 2015 and 2016, for a total consideration of $831.5m.…

  • US tightens naval grip on Venezuelan oil exports with new tanker seizure

    US tightens naval grip on Venezuelan oil exports with new tanker seizure US forces are continuing the pressure on Venezuela with the seizure of a third tanker in just two days. Maritime security specialist Vanguard said that the falsely flagged Timor-Leste tanker Olina had been seized by US forces in the Caribbean after breaking away…

  • Rio Tinto and Glencore reopen talks on mega-merger

    Rio Tinto and Glencore reopen talks on mega-merger Mining heavyweights Rio Tinto and Glencore have confirmed they are back in early-stage talks over a deal that could see Rio Tinto acquire “some or all” of Glencore, a move that would create the world’s largest miner with a combined market value close to $207bn. The companies…

  • Splash Wrap: US incursion into Venezuela dominates coverage

    Splash Wrap: US incursion into Venezuela dominates coverage The tanker market grappled with fresh uncertainty all week after the arrest of Venezuelan president Nicolás Maduro in a dramatic US military operation over the weekend, an event that has effectively frozen the country’s oil exports and reinforced Washington’s hardline approach to maritime enforcement. The Trump administration…

  • 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.…

  • Clarksons buys Zuma Labs in FFA tech push

    Clarksons buys Zuma Labs in FFA tech push Clarksons has moved to deepen its technology push, agreeing to acquire Zuma Labs, a specialist provider of trading and data tools for the forward freight agreement (FFA) market. The UK-based shipbroking group said it is buying 100% of the issued share capital of Zuma Labs, which was…

  • Michael Parker steps down as Poseidon Principles chair

    Michael Parker steps down as Poseidon Principles chair Michael Parker, Citi’s chairman of global shipping and logistics, has stepped down as chair of the Poseidon Principles, ending a six-year tenure that dates back to the initiative’s launch in 2019. Parker stood down from the role on December 31, 2025, but will remain involved as Citi’s…

  • Diana locks in higher rate in new Paralos kamsarmax deal

    Diana locks in higher rate in new Paralos kamsarmax deal Diana Shipping has secured follow-on employment for one of its kamsarmax bulkers, fixing the Maia on a direct continuation time charter with Paralos Shipping. The New York-listed Greek owner said the vessel will earn $14,000 per day, less a 5% commission, under a contract running…

  • Solstad adds $15m as Petrobras extends AHTS contract

    Solstad adds $15m as Petrobras extends AHTS contract Solstad Offshore has agreed revised terms with Petrobras for the anchor handling tug supply vessel Normand Turquesa, extending the ship’s current work and pushing back the start of a previously announced long-term charter. The Norwegian offshore owner said the existing contract for the 2007-built AHTS has been…

  • Equinor awards $10bn in contracts for facility maintenance

    Equinor awards $10bn in contracts for facility maintenance Norwegian energy major Equinor has awarded framework agreements to seven supplier companies with a total value of nearly $10bn (NOK 100bn). Equinor awarded twelve new framework agreements for maintenance and modifications on the company’s offshore installations and onshore plants. The agreements commence in the first half of…

  • Suez traffic still 60% down 100 days after last Houthi attack

    Suez traffic still 60% down 100 days after last Houthi attack Suez Canal traffic remains sharply lower more than three months after the last reported Houthi attack, underlining how slow ship operators have been to return to the Red Sea route. According to BIMCO, it has now been 100 days since the last vessel was…

  • Aker Solutions to trim over 500 jobs amid slower maket

    Aker Solutions to trim over 500 jobs amid slower maket Aker Solutions is moving to cut costs and adjust capacity after several years of record-high workload, with the Norwegian engineering group expecting activity to ease in 2026 compared with 2025. The company said it will reduce headcount in parts of the business to match the…

  • JR Shipping brings in Seatrade as strategic partner

    JR Shipping brings in Seatrade as strategic partner Dutch owner JR Shipping has brought in reefer specialist Seatrade as a strategic shareholder, marking a new phase for the Harlingen-based owner and manager while keeping its independent course. Under the deal, Seatrade takes a strategic participation in JR Shipping Group and becomes a long-term partner. Founders…

  • US seizes renamed Venezuela-linked VLCC after weeks-long chase

    US seizes renamed Venezuela-linked VLCC after weeks-long chase The US forces have seized two Venezuela-linked tankers, one after a two-week chase, a name change, and reports of a Russian submarine nearby. One of the tankers seized by US authorities is the 2002-built VLCC Marinera, formerly known as the Bella 1. While still under its previous…

  • Turkish upstart Aqmaris books up to four bulker newbuilds in China

    Turkish upstart Aqmaris books up to four bulker newbuilds in China Turkish newcomer Aqmaris and China’s Wuhu Shipyard have sealed a deal for four ultramax bulk carriers, marking one of the first big newbuild agreements for the Istanbul-based operator. The four 64,500 dwt units will meet IMO Tier III standards and comply with EEDI Phase…

  • Venezuela crisis widens gap between mainstream and grey tonnage

    Venezuela crisis widens gap between mainstream and grey tonnage The extradition of Venezuelan president Nicolás Maduro to the United States has sent fresh ripples through tanker markets, not because barrels have suddenly disappeared, but because the political shock is reshaping trade routes, risk appetite and the definition of what constitutes tradable tonnage. Brokers and analysts…

  • XT Shipping linked to four-boxship deal at Hengli

    XT Shipping linked to four-boxship deal at Hengli Israel’s XT Shipping has returned to the newbuilding market with a series of midsize containership orders in China, underlining renewed confidence in the container sector. Shipbroking sources say the Tel Aviv-based owner is behind an order for four 6,000 teu containerships at Hengli Shipbuilding, with delivery scheduled…

  • 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…

  • Baltic cable probe widens as Latvia finds no link to inspected ship

    Baltic cable probe widens as Latvia finds no link to inspected ship Latvia is pressing ahead with its investigation into the latest subsea cable cutting incident in the region, even after police said they have found no evidence linking a ship inspected in Liepaja to the damage. Latvian authorities said on Monday that an underwater…

  • Transocean scores $168m worth of deals from BP and Equinor

    Transocean scores $168m worth of deals from BP and Equinor Swiss-based offshore drilling giant Transocean has won a new contract and an extension for two of its drilling rigs. In Brazil, the 2011-built drillship Deepwater Mykonos was awarded a contract with giant BP. The rig is currently working for Petrobras. The firm part of the…

  • Scorpio Tankers fixes LR2 tandem on five-year charters

    Scorpio Tankers fixes LR2 tandem on five-year charters Monaco-headquartered product carrier major Scorpio Tankers has secured five-year charters for two of its LR2 product carriers at a rate of $29,000 per day. The New York-listed owner said the 2015-built, 110,000 dwt STI Rose and STI Alexis have been fixed to an undisclosed charterer, with the contract starting…

  • 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…

  • COSCO grows heavylift fleet with Chengxi order

    COSCO grows heavylift fleet with Chengxi order Cosco Shipping Specialised Carriers has moved to grow its heavylift fleet, placing an order for four multipurpose vessels at CSSC’s Chengxi Shipyard as demand from the wind power sector continues to build. In a stock exchange filing, the Shanghai-listed owner said it will invest about $213m in the…

  • DOF wins $150m ROV support vessel contract in Brazil

    DOF wins $150m ROV support vessel contract in Brazil Norwegian offshore vessel owner DOF has secured another long-term contract in Brazil, adding a four-year deal with Petrobras for the ROV support vessel Skandi Commander. The Oslo-listed company said the award follows the same competitive tender process that earlier delivered six four-year RSV contracts. The latest…

  • 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…

  • Jinjiang Shipping eyes up to eight boxship newbuilds

    Jinjiang Shipping eyes up to eight boxship newbuilds Shanghai-listed Jinjiang Shipping has moved to grow its container fleet, unveiling plans to invest up to RMB 1.94bn (about $270m) in a series of bangkokmax newbuildings. The Shanghai International Port Group-controlled carrier has approved a proposal to order four 1,800 teu containerships, with options for a further…

  • Seacon snaps up six ultramax resales

    Seacon snaps up six ultramax resales Hong Kong-listed Seacon Shipping has moved to reshape its newbuilding pipeline, taking over contracts for six ultramax bulk carriers and lining up long-term leaseback financing to fund the deal. The company said it has entered into novation agreements to assume all rights and obligations under existing shipbuilding contracts for…

  • Winning in lead

    Winning in lead China is dominating the secondhand capesize market this year, and Winning is topping the buyer table. Winning Shipping is closing in on double-digit capesize purchases in 2025, emerging as the buyer of its six-vintage newcastlemax deals in as many months. The latest addition is an 18-year-old heavyweight, purchased for an undisclosed fee.…

  • DHT trims vintage tonnage with twin VLCC sale

    DHT trims vintage tonnage with twin VLCC sale Supertanker specialist DHT Holdings has struck a deal to sell two of its three oldest VLCCs, continuing a steady refresh of its fleet as asset values remain firm. The New York-listed owner is shipping out the 2007-built DHT China and DHT Europe for a combined price of…

  • Capital Clean Energy Carriers locks in $770m LNG carrier order in South Korea

    Capital Clean Energy Carriers locks in $770m LNG carrier order in South Korea Capital Clean Energy Carriers (CCEC) has moved to further bulk up its LNG fleet, placing an order for three newbuildings at HD Hyundai Samho in South Korea. The Nasdaq-listed owner has secured three berths at the yard, with one vessel due for…

  • d’Amico signs up MR1 newbuild deal in China

    d’Amico signs up MR1 newbuild deal in China Italian product tanker owner d’Amico International Shipping (DIS) has moved to renew its fleet with a fresh newbuilding deal in China, ordering two MR1 units at Guangzhou Shipyard International (GSI). The company said its operating arm, d’Amico Tankers has signed contracts for a pair of 40,000 dwt…

  • Saipem extends drillship charter and $300m purchase option deadline

    Saipem extends drillship charter and $300m purchase option deadline Norway-based Deep Value Driller has won an extension of the bareboat charter for a seventh-generation drillship of the same name from Italian offshore engineering and construction giant Saipem. Saipem has extended the charter of the 2014-built drillship Deep Value Driller, formerly known as Bolette Dolphin, for a firm…

  • 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…

  • Essberger’s newbuild push rolls on with up to six chemical tankers in China

    Essberger’s newbuild push rolls on with up to six chemical tankers in China German chemical tanker owner John T. Essberger is pressing ahead with its fleet renewal programme, signing up to six newbuildings at a another Chinese shipyard. The Hamburg-based group has placed firm orders for two 7,900 dwt duplex stainless steel chemical tankers, with…

  • 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…

  • Monte Nero expands tanker play with LR2 order in China

    Monte Nero expands tanker play with LR2 order in China Greek interests remain active in the newbuilding market, with Monte Nero Maritime securing a pair of LR2 product tanker orders at China’s fast-growing Hengli Shipbuilding. In a regulatory filing over the weekend, Songfa Ceramics, the Shanghai-listed parent of Hengli Shipbuilding, disclosed that the yard has…

  • LLOG awards installation work on US Gulf of Mexico field to Subsea7

    LLOG awards installation work on US Gulf of Mexico field to Subsea7 Offshore engineering and services player Subsea7 has won a deal from US exploration and production company LLOG Exploration for work on the Buckskin South Expansion project. The scope of work includes the transportation and installation of a subsea umbilical and a rigid flowline…

  • 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…

  • Gulf Marine Services wins European contracts for liftboat pair

    Gulf Marine Services wins European contracts for liftboat pair London-listed liftboat operator Gulf Marine Services (GMS) has won new contracts for two of its vessels. The contracts cover the use of two Large-class vessels in Europe. It spans a total of 985 days and will see the vessels continue to support offshore operations across the…

  • Eidesvik Offshore lands PSV contract with DNO

    Eidesvik Offshore lands PSV contract with DNO Norwegian offshore vessel owner Eidesvik Offshore has secured a contract for one of its platform supply vessels (PSV). The company won a contract with DNO Norge, and its partners Sval Energi and Wellesley Petroleum, for the use of the 2012-built Viking Princess PSV. The deal covers a campaign…

  • Saipem scores another massive deal from QatarEnergy

    Saipem scores another massive deal from QatarEnergy Italian energy services contractor Saipem, in partnership with COOEC, has been awarded an offshore EPCI contract for worth on the North Field worth $4bn by Qatar’s state-owned company QatarEnergy. The contract is for the so-called COMP5 package of the North Field Production Sustainability Offshore Compression Complexes project. The…

  • DOF bags vessel awards across Americas, Africa and North Sea

    DOF bags vessel awards across Americas, Africa and North Sea Norwegian offshore vessel owner DOF has raked in a batch of new vessel contracts and an IMR deal with Shell in Trinidad and Tobago. The contracts will be executed primarily using DOF’s regional fleet during the fourth quarter of 2025 and the first quarter of…

  • Shearwater prepares new seismic campaign in Nigerian waters

    Shearwater prepares new seismic campaign in Nigerian waters Norwegian offshore seismic vessel player Shearwater Geoservices is preparing to send out one of its vessels for a new multi-client seismic project offshore Nigeria. According to the company, the 3D survey is backed by significant industry funding and will be executed in partnership with Harvex Geosolutions and…

  • Barriers to entry, barriers to exit and disintermediation

    Barriers to entry, barriers to exit and disintermediation Pierre Aury writes for Splash that in shipping, low barriers to entry are being offset by digital barriers to exit quietly built by IT vendors. The dry bulk and tanker markets are classic examples of commoditized, low-differentiation industries with hardly any barriers to entry. Vessels are more…

  • Zodiac times newcastlemax sale as buyers stay active across sectors

    Zodiac times newcastlemax sale as buyers stay active across sectors Zodiac Maritime has caught the market on the front foot with the sale of a newcastlemax bulker, as secondhand deals continue to surface across multiple shipping segments. Brokers say the Eyal Ofer-controlled owner has sold the Cape Merlin to Chinese buyers for about $23.5m. The…

  • Fredriksen’s SFL cashes in on oldest suezmaxes

    Fredriksen’s SFL cashes in on oldest suezmaxes John Fredriksen-backed SFL Corporation has agreed to sell two of its older suezmax tankers, continuing a selective reshuffle of its tanker portfolio. The US- and Oslo-listed owner said it will dispose of the 2015-built SFL Thelon and SFL Ottawa, both 160,000 dwt vessels currently on charter to Koch…

  • Integrated Wind Solutions adds to backlog with CSOV contract extensions

    Integrated Wind Solutions adds to backlog with CSOV contract extensions Integrated Wind Solutions has strengthened its forward orderbook after agreeing a two-year extension to a strategic contract with an existing client, tightening utilisation for its walk-to-work fleet into the next decade. The Oslo-listed company said the deal for its business unit IWS Fleet covers the…

  • Diana Shipping adds another period fixture to bulker slate

    Diana Shipping adds another period fixture to bulker slate Diana Shipping has lined up forward employment for one of its kamsarmax bulkers, adding to a steady run of period fixtures by the Greek owner. The US-listed company said it has agreed a time charter with Paralos Shipping for the 2010-built Myrsini at $13,500 per day,…

  • Second tanker seized as US tightens Venezuela oil net

    Second tanker seized as US tightens Venezuela oil net US authorities have intercepted and boarded an oil tanker carrying Venezuelan crude east of Barbados, marking the second seizure of a vessel linked to Venezuela’s oil trade and the first since President Donald Trump ordered a blockade on sanctioned tankers moving to and from the country.…

  • Sanctions enforcement intensifies as US seizes third Venezuela-linked tanker

    Sanctions enforcement intensifies as US seizes third Venezuela-linked tanker US authorities have seized a third oil tanker linked to Venezuela after a pursuit in the Caribbean Sea. This is also the second tanker seized by US forces in less than 24 hours. The US Coast Guard tried to intercept the 2002-built VLCC Bella 1 late…

  • Maersk carries out first Red Sea transit in almost two years

    Maersk carries out first Red Sea transit in almost two years In the early morning on December 19, the 2007-built Singapore-flagged boxship Maersk Sebarok completed a transit through the Bab el-Mandeb Strait and into the Red Sea. This marks the first time a Maersk vessel transited the strait in almost two years. The company stated…

  • Kyiv takes drone war to Mediterranean shipping lanes

    Kyiv takes drone war to Mediterranean shipping lanes Ukraine has carried out a long-range drone strike against a tanker linked to Russia’s so-called shadow fleet, marking its first confirmed attack this far from the Black Sea. The target was the Oman-flagged aframax tanker Qendil, which was hit in international waters of the Mediterranean Sea, more…

  • The year of the caveat

    The year of the caveat Splash’s editor gives readers his take on the world of shipping in the year 2025. At financial newswire Bloomberg, the official style guide has always shied away from using words such as but or if in sentences. “Clauses that start with although, but, despite or however often confuse more than…

  • Finnish shipping executive Mikki Koskinen to lead ECSA from 2026

    Finnish shipping executive Mikki Koskinen to lead ECSA from 2026 Finland’s Mikki Koskinen has been named as the new president of the European Community Shipowners’ Associations, effective January 1, 2026. Koskinen has been the managing director of ESL Shipping Oy, part of Aspo Group, since 2013, and is a member of Aspo’s Executive Board. Before…

  • SIPG picks new chairman

    SIPG picks new chairman Shanghai International Port Group (SIPG) has appointed ex-Shanghai transport commission head Yu Fulin as its chairman. According to the company, Yu Fulin was elected by the SIPG’s board via a unanimous vote. He will also serve as the chairman of the strategy committee. Fulin is a senior engineer, born in March…

  • Shipping industry veteran Heinrich Schulte passes away

    Shipping industry veteran Heinrich Schulte passes away Heinrich Schulte, the long-standing chairman of the Schulte Group, has passed away, aged 90. Heinrich Schulte was born in Hamburg, but with family roots in Papenburg and Emden. He joined his father’s shipping company, Bernhard Schulte, in 1963. He expanded the company into a diversified global maritime group.…

  • Why the path towards decarbonisation in 2026 will shift from targets to trade-offs

    Why the path towards decarbonisation in 2026 will shift from targets to trade-offs Philippos Ioulianou, managing director of  EmissionLink, writes for Splash today. If 2025 was meant to be the year shipping sprinted towards a clean-fuel future, it never quite got off the starting blocks. We are ending the year with a familiar scenario: ambitious…

  • Norway’s Amon Bulk expands ammonia bulker scheme with three more kamsarmax newbuilds

    Norway’s Amon Bulk expands ammonia bulker scheme with three more kamsarmax newbuilds Norway’s Amon Bulk is pushing ahead with plans to build three ammonia-fuelled kamsarmax bulk carriers after securing NOK 298m ($27m) in investment grants from state energy agency Enova. The ships, each around 80,000–85,000 dwt, are designed to run on ammonia and to deliver…

  • Venergy steps into boxships with feeder newbuild deal in China

    Venergy steps into boxships with feeder newbuild deal in China Greek tanker newcomer Venergy Maritime has moved to diversify its fleet, placing its first order in the containership segment after an active year in tanker newbuildings. The Piraeus-based owner, led by Vyron Vasileiadis, has signed up for up to four 1,900 teu feeder container vessels…

  • 2026 must be the year we put people first

    2026 must be the year we put people first Henrik Jensen, the CEO of Danica Crewing Specialists, has some New Year’s resolution suggestions to improve life at sea. For years, our industry has swung between calm periods and sudden crises. When operations run smoothly, support for seafarers can slip down the list; when a problem…

  • Swedish navy flags armed guards aboard Russian shadow tankers

    Swedish navy flags armed guards aboard Russian shadow tankers Sweden’s navy has confirmed that Russia is mounting a military-style operation in the Baltic Sea to protect its sanctioned shadow fleet, with uniformed and potentially armed personnel observed aboard some oil tankers used to evade Western sanctions on Russian crude exports.  According to Sweden’s naval operations…

  • Trump moves to choke Venezuelan oil shipping with ‘total and complete’ tanker blockade

    Trump moves to choke Venezuelan oil shipping with ‘total and complete’ tanker blockade In a major escalation of maritime pressure on Caracas, US president Donald Trump has ordered “a total and complete blockade of all sanctioned oil tankers going into, and out of, Venezuela,” intensifying efforts to squeeze president Nicolás Maduro’s lifeline crude exports. The…

  • 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…

  • Subsea7 scores Chevron contract off Australia

    Subsea7 scores Chevron contract off Australia Subsea7 has landed a sizeable new contract from Chevron Australia to carry out subsea installation work on the Gorgon stage 3 (GS3) project, offshore Western Australia. The Oslo-listed contractor said the award covers a full subsea scope at around 1,350 m water depth, including project management, engineering, procurement, fabrication,…

  • Scorpio Tankers pivots from older LR2s to newbuilds

    Scorpio Tankers pivots from older LR2s to newbuilds Scorpio Tankers has moved to refresh its LR2 fleet, agreeing to sell two 2016-built vessels while lining up two scrubber-fitted newbuildings in China. The Monaco-headquartered owner and operator said it has struck a deal to sell the LR2 product tankers STI Goal and STI Gallantry for $52.3m…

  • EU and Ukraine tighten the net on Russia’s shadow fleet

    EU and Ukraine tighten the net on Russia’s shadow fleet The European Union and Ukraine have escalated their campaign against Russia’s shadow fleet, rolling out fresh sanctions targeting both vessels and the facilitators accused of keeping Moscow’s oil exports moving despite international restrictions. On Monday, the EU sanctioned five businessmen linked to Russian state-owned oil…

  • Containership orders break new record in 2025

    Containership orders break new record in 2025 COSCO and Hapag-Lloyd’s new orders last week have lifted the total number of containerships ordered in 2025 to a record 633 ships for 5.08m teu, according to data from Linerlytica, surpassing the previous record of 4.74m in 2021 and 4.77m in 2024.  China’s shipyards have accounted for a…

  • 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…

  • Poseidon Principles opens the door to private capital

    Poseidon Principles opens the door to private capital The Poseidon Principles, the shipping finance framework used by banks to track and disclose climate alignment, is widening its scope to bring more of the maritime finance world into the tent. Until now, the initiative has largely been the domain of ship lenders, lessors and financial guarantors.…

  • Navios Partners rolls out new leadership structure

    Navios Partners rolls out new leadership structure Navios Maritime Partners has announced a series of senior leadership changes as the New York-listed diversified owner reshapes its top management structure under chairwoman and chief executive Angeliki Frangou. At the centre of the move is the creation of an office of the chairwoman, designed to bring senior…

  • SSY buys Grieg Shipbrokers

    SSY buys Grieg Shipbrokers UK shipbroking group SSY has struck a deal to acquire Grieg Shipbrokers, adding one of Scandinavia’s longest-standing brokerage houses to its expanding global platform. The deal is set to take effect in January 2026, subject to customary conditions. Founded in 1884, Grieg Shipbrokers has built a strong position across gas, dry…

  • Black Sea shipping carnage deepens as Turkish vessels hit in Russian retaliation

    Black Sea shipping carnage deepens as Turkish vessels hit in Russian retaliation The risks facing commercial shipping in the Black Sea escalated sharply over the weekend after two Turkish-controlled vessels were struck amid a wave of Russian attacks on Ukrainian port infrastructure, following Kyiv’s recent strikes on Russian-linked shipping and energy assets. On Friday, Cenk…

  • Shanghai’s box boom exposes a resilience blind spot

    Shanghai’s box boom exposes a resilience blind spot In container shipping, the leverage – and the real fragility – now lives where the cranes greet the sea, writes Wolfgang Lehmacher.  Shanghai has just pulled off something remarkable, even by its own lofty standards. The world’s largest container port handled more than 46m teu in the…

  • ONE Continuity loses 45 containers off the Canary Islands

    ONE Continuity loses 45 containers off the Canary Islands A complex cargo recovery and re-lashing operation is under way in the Canary Islands, involving a team of eight specialised personnel, crane operators, welders and lashing experts. A mega-container ship operated by Ocean Network Express (ONE) and owned by Seaspan lost around 45 containers overboard after…

  • Splash Wrap: Raids, record orders and rewired trade

    Splash Wrap: Raids, record orders and rewired trade US forces seized the VLCC Skipper off Venezuela as the battle between Washington and Caracas intensified with the Trump administration suggesting other vessels could be hijacked, too.  China’s state-run shipping COSCO, the world’s largest shipowner, placed a massive order for 87 newbuildings worth more than $7bn with…

  • 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…

  • US identifies dozens of tankers for possible seizure

    US identifies dozens of tankers for possible seizure Washington is gearing up for a wave of tanker seizures off Venezuela as the Trump administration revives and escalates sanctions enforcement against the country’s oil trade. A day after announcing the dramatic capture of a stateless VLCC (pictured) carrying sanctioned Venezuelan crude, the US treasury on Thursday…

  • 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…

  • BIMCO rolls out new FuelEU and ETS clauses for ship sale deals

    BIMCO rolls out new FuelEU and ETS clauses for ship sale deals BIMCO has taken another step in helping owners and buyers navigate Europe’s tightening climate regulations by adopting new FuelEU Maritime and EU ETS clauses for inclusion in sale-and-purchase memoranda of agreement (MoAs). The world’s largest shipping association said the clauses are designed to…

  • Hartmann and Heidelberg Materials link up on methanol-powered cement carriers

    Hartmann and Heidelberg Materials link up on methanol-powered cement carriers Germany’s Hartmann Group has teamed up with Heidelberg Materials Northern Europe to develop a new methanol-powered pneumatic cement carrier for high-frequency coastal service in Norway. The project includes an option for a second vessel and marks a major step in decarbonising cement transport along the…

  • Zamil Offshore takes over Remøy Shipping

    Zamil Offshore takes over Remøy Shipping Saudi Arabia’s Zamil Offshore Services Company (ZOSCO) has taken a decisive step into the Norwegian offshore market with the acquisition of Remøy Shipping for an undisclosed sum.T The deal, which also includes Rem Stadt and RS Crewing, secures the future of Remøy Shipping after more than a century under…

  • DeepOcean secures extended IMR deal with Equinor

    DeepOcean secures extended IMR deal with Equinor DeepOcean has strengthened its long-standing ties with Equinor after securing an extension to its subsea inspection, maintenance and repair (IMR) frame agreement. The renewal will keep the ocean services provider busy through 2026 and into 2027, using specialised IMR vessels and a wide suite of subsea capabilities. The…

  • Shell books Northern Ocean rig for Namibia campaign

    Shell books Northern Ocean rig for Namibia campaign Northern Ocean has secured more work for its semisubmersible rig with the signing of a contract with a Shell subsidiary for the Deepsea Mira, which will start drilling offshore Namibia in April 2026. The deal covers one firm exploration well with an option for a second. 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…

  • Aegean Bulk returns to newbuilds with kamsarmax quartet in China

    Aegean Bulk returns to newbuilds with kamsarmax quartet in China Greek owner Aegean Bulk has re-entered the newbuilding market after nearly 15 years away, signing a four-ship kamsarmax order at China’s fast-expanding Hengli Shipbuilding. The deal marks the owner’s first newbuilding move since the delivery of its last pair of kamsarmaxes in 2012. The Athens-based…

  • Mintra moves deeper into Greek maritime market with SQLearn acquisition

    Mintra moves deeper into Greek maritime market with SQLearn acquisition Norway’s Mintra has strengthened its position in maritime e-learning with the acquisition of Greek digital training specialist SQLearn, marking another step in its push to support the sector’s ongoing shift toward digital learning and competency management. Mintra said the deal adds scale and depth to…

  • DEME secures multi-scope contract for Polish wind farm

    DEME secures multi-scope contract for Polish wind farm Belgian marine contractor DEME has secured a major role in Poland’s offshore wind expansion after winning three contracts covering foundation and cable installation work for the BC-Wind project in the Baltic Sea. The combined awards are worth €150m–300m, ($175m–$350m). BC-Wind is being developed by Ocean Winds, the…