krogragg

Tag: splash24x7

  • 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…

  • Klaveness Combination Carriers seals long-term contract of affreightment with Alunorte

    Klaveness Combination Carriers seals long-term contract of affreightment with Alunorte Klaveness Combination Carriers has secured a new long-term contract of affreightment with Brazil’s Alunorte, extending the Norwegian owner’s presence in the alumina supply chain. The 32-month deal, starting in March 2026, will see KCC move caustic soda solution to Alunorte’s refinery. The work will be…

  • Tianjin Southwest books very large ammonia carriers at Jiangnan

    Tianjin Southwest books very large ammonia carriers at Jiangnan Tianjin Southwest Maritime has ordered two very large ammonia carriers from Jiangnan Shipyard, extending its long-standing partnership with one of China’s leading gas-carrier builders. Industry sources said the Chinese owner has signed for a pair of 90,000 cu m VLACs, each priced at about $114.5m, for…

  • Signal Maritime steps into dry bulk with Bluepool deal

    Signal Maritime steps into dry bulk with Bluepool deal Tanker pool manager Signal Maritime Services is moving into the dry bulk market through a strategic investment in Bluepool, a fast-growing operator running panamax and supramax pools. Unveiled in early 2022, Bluepool currently manages 21 vessels and has been expanding its presence in both the panamax…

  • Auckland port heads to Turkey for bunker tanker newbuild

    Auckland port heads to Turkey for bunker tanker newbuild Port of Auckland in New Zealand is moving deeper into the bunkering business with a newbuild tanker designed to support the shift toward cleaner marine fuels. Its bunkering arm, Seafuels, has signed a NZD50m ($29m) shipbuilding contract for a vessel capable of supplying biodiesel and methanol,…

  • Grieg Connect lands Finnish port management specialist Wellamo Data

    Grieg Connect lands Finnish port management specialist Wellamo Data Norway’s Grieg Connect is widening its Nordic reach with the acquisition of Wellamo Data, a long-established Finnish provider of port-management information systems. The move gives the Bergen-based digital solutions specialist its first foothold in mainland Finland as it pushes to build a unified PMIS offering across…

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

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

  • FSB clearance and underwater checks slow Russian port calls

    FSB clearance and underwater checks slow Russian port calls To add to the complications brought about by Ukraine’s renewed maritime attack campaign in and around the Black Sea, shipowners and charterers planning to call at Russian ports should brace for delays and heavy regulatory friction after Moscow introduced sweeping new entry rules for foreign vessels,…

  • Bidders circle again as Dongwon revives hunt for HMM

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

  • Wallenius Wilhelmsen locks in nearly $500m in contract extensions

    Wallenius Wilhelmsen locks in nearly $500m in contract extensions Wallenius Wilhelmsen has extended two major shipping contracts that together carry an estimated added value close to $500m. Chief customer officer Pia Synnerman said the renewals underscore “long and strong standing partnerships with shared commitment towards zero emissions and developing integrated supply chains”. The first agreement,…

  • Containers fall overboard in English Channel

    Containers fall overboard in English Channel Emergency response services were put on alert in the English Channel after 18 containers fell overboard from Seatrade’s reefer containership Baltic Klipper during heavy weather on Saturday. Images of containers and plenty of bananas washing up on English shorelines were carried by UK media across the weekend.  An investigation…

  • Performance Shipping keeps oldest tanker as FPSO conversion bid fails

    Performance Shipping keeps oldest tanker as FPSO conversion bid fails Greek tanker owner Performance Shipping has confirmed that the planned forward sale of its 2009-built aframax P Sophia has fallen through after the vessel was not selected for an offshore conversion project. The company said the buyer, an unnamed third party, informed it that the…

  • FPSO player BW Offshore weighs options

    FPSO player BW Offshore weighs options Floater specialist BW Offshore has confirmed it is carrying out a limited strategic review, responding to ongoing market rumours. The Oslo-listed company said it has hired Pareto Securities to support the process as it assesses “potential options”, adding that it will provide updates when appropriate. BW Offshore is one…

  • Diana Shipping fixes capesize to Glencore

    Diana Shipping fixes capesize to Glencore Greek dry bulk owner Diana Shipping has fixed its 2013-built capesize on a new period charter with Glencore Freight, securing cover through at least late 2026. The 2013-built P S Palios will earn a gross rate of $25,200 per day, less 5% commission, for a period running to November…

  • Diana Shipping scores double ultramax fixture

    Diana Shipping scores double ultramax fixture Diana Shipping has added fresh period cover to its ultramax fleet after fixing two vessels on multi-year time charters at rates slightly above their previous employment. The Athens-based owner said its 2015-built DSI Pollux has been fixed to Stone Shipping at a dayrate of $14,750, less 5% commission. The…

  • Flex LNG confirms Marius Foss as permanent CEO

    Flex LNG confirms Marius Foss as permanent CEO Flex LNG has appointed Marius Foss as chief executive officer, confirming him in the role after several months as interim CEO. Foss has also served as the company’s chief commercial officer. Foss joined the LNG carrier owner in 2018 and has since played a key role in…

  • Global liners look at acquiring ZIM

    Global liners look at acquiring ZIM Hapag-Lloyd is seeking to acquire ZIM, Israel’s largest container carrier, according to multiple media outlets, but the move is already running into resistance from ZIM’s workers’ committee, which has warned that the presence of Qatari and Saudi sovereign funds among the German carrier’s shareholders could pose a national security…

  • d’Amico clinches high-rate charters for MR pair

    d’Amico clinches high-rate charters for MR pair Italian product tanker owner and operator d’Amico International Shipping has strengthened its forward cover with two fresh long-term charter deals for a pair of MR tankers, securing earnings visibility across the next two years. The Milan-and OTCQX-listed company said its operating arm, d’Amico Tankers in Ireland, has fixed…

  • Economou ramps up boxship ordering spree

    Economou ramps up boxship ordering spree Greek owner George Economou’s TMS Group is set to boost its containership fleet with another wave of LNG dual-fuel newbuildings at China’s Zhoushan Changhong International Shipyard. Industry sources say TMS is planning up to 10 neo-panamax vessels of 11,400 teu, including eight fixed orders and two options, with deliveries…

  • Geneva Dry Dialogues: Marcura

    Geneva Dry Dialogues: Marcura As marketing ratchets up for next April’s big annual dry bulk summit, Splash sits down with top names attending the event. As artificial intelligence gains ground across shipping, Janani Yagnamurthy believes the real breakthroughs will not come from broad, all-purpose models, but from highly tailored, shipping-specific intelligence. The vice president of…

  • Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China

    Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China Eyal Ofer’s Zodiac Maritime has joined the latest wave of crude carrier orders, placing a major VLCC newbuilding programme in China as part of its broader $1.6bn fleet renewal drive. The London-based owner has ordered six firm and up to eight conventionally fuelled VLCCs from…

  • Capes changing hands for increasing sums

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

  • Capesize rates charge past $40,000 a day as tonnage tightens across basins

    Capesize rates charge past $40,000 a day as tonnage tightens across basins The capesize market is ending the year with a burst of momentum rarely seen outside cyclical peaks, as tightening tonnage and strengthening long-haul trade routes drive spot rates to their highest levels in two years. Spot rates leapt by more than $6,000 yesterday…

  • Black Sea war risk premiums surge

    Black Sea war risk premiums surge Insurance rates for ships trading in the Black Sea have jumped sharply following a fresh wave of attacks on vessels linked to Russia. Citing data from Marsh, the world’s largest insurance broker, Bloomberg reported yesterday the cost of covering port calls in the region has more than tripled in…

  • Kremlin threatens wider retaliation as Black Sea security deteriorates

    Kremlin threatens wider retaliation as Black Sea security deteriorates Security in the Black Sea and surrounding waters has taken an ominous turn following a spike in attacks on Russian-linked shipping and fresh threats from the Kremlin, raising alarm and insurance rates. Vladimir Putin has warned that Moscow may expand military action against commercial tonnage if…

  • Dong Fang Offshore locks in CLV newbuild

    Dong Fang Offshore locks in CLV newbuild Taiwanese owner and operator Dong Fang Offshore (DFO) has firmed up its next phase of growth with the signing of a subsea and cable lay vessel (CLV) newbuilding contract with Norway’s Westcon. The deal will see the yard take over and complete a large CLV already under construction,…

  • Digital Container Shipping Association welcomes IKEA as first shipper to join its partnership programme

    Digital Container Shipping Association welcomes IKEA as first shipper to join its partnership programme IKEA Supply has joined DCSA+, the Digital Container Shipping Association’s partnership programme for advancing digital standards across the container shipping industry. As the first shipper to participate, IKEA Supply adds the cargo owner perspective to a growing community of carriers, forwarders,…

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

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

  • Seafarers kidnapped from LPG carrier off Equatorial Guinea

    Seafarers kidnapped from LPG carrier off Equatorial Guinea A Portugal-flagged LPG carrier has been attacked by pirates off Equatorial Guinea, with at least nine seafarers reportedly kidnapped. Security firm Vanguard said the CGas Saturn was boarded around 50 nautical miles west of Mbini early Monday. The 2003-built gas tanker, owned by Denmark’s Christiania Gas, was…

  • Jinhui cashes in on ageing supramax as fleet overhaul rolls on

    Jinhui cashes in on ageing supramax as fleet overhaul rolls on Jinhui Shipping & Transportation has sold another ageing supramax as it continues to refresh its fleet. The Oslo-listed, Hong Kong-based owner confirmed it has agreed to divest the 2012-built 56,361 dwt Jin Bi in a $14.4m deal with Hong Kong buyer Xing Le Investments.…

  • Taiwan tightens noose on high-risk tonnage

    Taiwan tightens noose on high-risk tonnage Taiwan is amending its Law of Ships regulations with a view to fining ship operators up to NT$10m ($318,000) for vessels failing to maintain accurate identification.  Ships entering Taiwanese waters must keep their automatic identification system (AIS) on and transmit correct data, or face a fine.  Similarly, all vessels…

  • A new blast zone emerges for Russia-linked tankers

    A new blast zone emerges for Russia-linked tankers A Russian-flagged tanker sailing from Russia to Georgia loaded with sunflower oil reported that it was attacked off the Turkish coast but its 13 crewmembers were unharmed, Turkey’s maritime authority said on Tuesday, likely the latest incident in a renewed, sprawling campaign being carried out by the…

  • Gunvor hits reset button with leadership buyout and governance overhaul

    Gunvor hits reset button with leadership buyout and governance overhaul Gunvor has entered a new chapter after its management team agreed to buy out the company’s existing ownership, ending Torbjörn Törnqvist’s long run as majority shareholder. The Swiss-based commodity trading giant will now be fully owned by a group of senior employees, with no outside…

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

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

  • Global Ship Lease snaps up three boxships in $90m deal

    Global Ship Lease snaps up three boxships in $90m deal New York-listed boxship owner Global Ship Lease (GSL) has moved to expand its fleet, striking a deal to buy three 8,600 teu vessels for a combined $90m. The vessels — Korean-built in 2010 and 2011 and fitted with ECO upgrades — come with charters already…

  • Havila Shipping scores fresh Equinor PSV extension

    Havila Shipping scores fresh Equinor PSV extension Havila Shipping has secured more work with Equinor after the Norwegian energy major exercised fresh options on one of the owner’s platform supply vessels. The latest extension covers the PSV Havila Foresight, keeping the 2008-built ship on charter until January 2027. Equinor also holds a further one-year option…

  • Top Ships lines up $200m Dubai property grab from CEO

    Top Ships lines up $200m Dubai property grab from CEO Greece’s Top Ships is preparing to diversify again with a move into Dubai real estate through a deal tied to its chief executive and major shareholder, Evangelos Pistiolis. The New York-listed tanker owner has signed a letter of intent to acquire all or part of…

  • Hafnia trims ageing tonnage with four-ship sale

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

  • TGS bags European OBN contract

    TGS bags European OBN contract TGS has secured a new ocean-bottom node (OBN) contract in Europe, marking the company’s first firm award for the 2026 acquisition season. The Oslo-listed seismic group said its node-on-a-rope crew will mobilise in early May 2026 for a programme expected to run for about 60 days. The job comes from…

  • Greek owner Super-Eco Tankers signs four-ship MR order in China

    Greek owner Super-Eco Tankers signs four-ship MR order in China Greek tanker owner Super-Eco Tankers Management has returned to the newbuilding market with an order for up to four MR product and chemical tankers in China, marking the company’s first newbuild investment in more than two years. The Piraeus-based company has signed a 2+1+1 order…

  • Eastern Pacific locks in 12 newbuilds at Hengli

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

  • Black Sea blasts set sanctioned tankers ablaze off Turkish coast

    Black Sea blasts set sanctioned tankers ablaze off Turkish coast Two tankers linked to Russia’s shadow fleet were hit by blasts and caught fire in the Black Sea on Friday, prompting a major rescue response from Turkish authorities. All crewmembers from both ships are reported safe. The 150,000 dwt 2002-built suezmax Kairos was the first…

  • Splash Wrap: All eyes on the Suez Canal

    Splash Wrap: All eyes on the Suez Canal The Suez Canal Authority was in bullish form this week, suggesting that many shipping companies are readying to ditch the Cape of Good Hope and return to Red Sea transits, something that will have an enormous impact on freight rates.  Diana Shipping made its move on New…

  • Russia mounts comeback bid for IMO’s top table

    Russia mounts comeback bid for IMO’s top table Russia will find out today whether it has secured a return to shipping’s regulatory inner circle — or whether the political freeze is set to continue. Russia is attempting to claw its way back into the International Maritime Organization’s top decision-making body, setting up one of the…

  • Evalend adds to expanding suezmax line-up

    Evalend adds to expanding suezmax line-up Evalend Shipping has moved to bulk up its suezmax newbuilding programme in South Korea, with the Greek owner eyeing another two units at HD Hyundai as crude tanker contracting continues at pace. Shipbuilding players have linked the Kriton Lendoudis-led company to a fresh pair of 157,000 dwt newbuildings, understood…

  • Marseille-Fos maps out $1.5bn expansion through 2029

    Marseille-Fos maps out $1.5bn expansion through 2029 France’s biggest port has unveiled an investment plan of unprecedented scale as Marseille-Fos races to secure a stronger foothold in the Mediterranean container market. The new 2025–2029 strategic blueprint, approved this week, calls for up to €1.3bn ($1.5bn) in spending — triple the previous five-year cycle — as…

  • HMM orders four boxships at Hanwha Ocean

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

  • d’Amico offloads oldest tanker in $19.5m deal

    d’Amico offloads oldest tanker in $19.5m deal Italian product tanker owner and operator d’Amico International Shipping has agreed to sell the oldest vessel in its fleet, marking another step in the company’s ongoing fleet-renewal drive. The 47,200 dwt MR tanker Glenda Meryl, built in 2011 at Hyundai Mipo in South Korea, will change hands for…

  • ADES picks up $63m Brunei jackup deal

    ADES picks up $63m Brunei jackup deal Saudi oil and gas driller ADES has landed a fresh two-year contract for the Compact Driller jackup with Brunei Shell Petroleum, marking its first award since completing the acquisition of Shelf Drilling. The deal, worth around SAR 236m ($63m), was secured through Shelf Drilling, now a wholly owned…

  • Zumaia Offshore orders new OSV from Dutch shipbuilder

    Zumaia Offshore orders new OSV from Dutch shipbuilder Neptune Marine has signed a letter of intent with Spanish offshore support vessel owner and operator Zumaia Offshore for the construction of a new multipurpose OSV. The new DP2 OSV will be 59 m long and 18 m wide, and will be named Saskia B. This will…

  • Zero-emission trade routes expand as China, India and Brazil step in

    Zero-emission trade routes expand as China, India and Brazil step in The global push to develop green shipping corridors gathered momentum in 2025, with 25 new zero-emission trade routes launched this year and major emerging economies stepping more firmly into the effort, according to the latest Annual Progress Report on Green Shipping Corridors from the…

  • Allseas lands Enbridge contract in US Gulf

    Allseas lands Enbridge contract in US Gulf Allseas has secured a contract from Enbridge Offshore Facilities to install more than 500 km of deepwater export pipelines in the US Gulf. The Swiss contractor will build and install four export lines linking upcoming deepwater fields in the Keathley Canyon area to existing hubs in Green Canyon…

  • Østensjø Rederi orders hybrid offshore tug from Spanish yard

    Østensjø Rederi orders hybrid offshore tug from Spanish yard Norwegian offshore shipowner and operator Østensjø Rederi has signed a newbuild contract with Spanish shipbuilder Astilleros Gondán for the construction of a next-gen offshore tug. The newbuild, a Skipsteknisk ST 933 design, will be the largest and most powerful tug in Østensjø’s fleet. It is scheduled…

  • New container port index launches

    New container port index launches The partnership that has been producing the Leading Maritime Cities of the World index over the past decade has turned its attention to container ports, providing a rival index to the one compiled by the World Bank and S&P Global. DNV and Menon Economics have crowned Singapore as the world’s…

  • MSC seals inland terminal deal in Bangladesh

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

  • Splash Singapore confirms stellar global shipowner cast

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

  • Jinhui continues to trim older tonnage with $10.3m supramax disposal

    Jinhui continues to trim older tonnage with $10.3m supramax disposal Jinhui Shipping & Transportation has offloaded another ageing supramax as it continues to trim older tonnage and push ahead with its fleet renewal plan. The Oslo-listed, Hong Kong-based owner said it has struck a deal to sell the 2008-built Jin Sui, a 56,968 dwt vessel…

  • Maersk holds off on date for Suez return

    Maersk holds off on date for Suez return A Maersk spokesperson says the company has not set a firm date for resuming Suez Canal sailings, despite the Suez Canal Authority announcing an early-December comeback for the Danish carrier. In a statement, Maersk said it intends to restore navigation on the East–West corridor “as soon as…

  • Macquarie tables $7.5bn bid for logistics giant Qube

    Macquarie tables $7.5bn bid for logistics giant Qube Australia’s Macquarie Asset Management has submitted a non-binding proposal to acquire compatriot logistics major Qube at an enterprise value of AUD11.6bn ($7.5bn). Qube and Macquarie entered into a process and exclusivity deed in relation to the proposed acquisition. The price of AUD5.20 ($3.36) in cash per share…

  • Diana Shipping tables buyout offer for Genco

    Diana Shipping tables buyout offer for Genco Diana Shipping has made its move on New York-listed Genco Shipping & Trading, tabling a cash offer to acquire all remaining shares it does not already own at $20.60 per share. The Athens-based owner, led by chief executive Semiramis Paliou, holds 14.8% of Genco after steadily building its…

  • AET orders pair of suezmaxes

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

  • Atlas Maritime revealed as seller in $194m Okeanis suezmax deal

    Atlas Maritime revealed as seller in $194m Okeanis suezmax deal Greek owner Okeanis Eco Tankers disclosed last week that it is expanding its crude fleet with the purchase of two suezmax newbuilding resales. Brokers now reveal the seller as Atlas Maritime, with the vessels identified as Viking Star and North Star.  The New York- and…

  • Seafarers push to shape the ships they sail

    Seafarers push to shape the ships they sail From ergonomics on the bridge to social spaces below deck, seafarers are urging shipowners and yards to listen to their lived experience — and rethink what makes a well-designed vessel. The final chapter in our bumper Seafarers magazine. It remains one of the most common rants among…

  • Eastern Pacific makes VLCC comeback with newbuild deal in China

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

  • Emarat Maritime emerges behind Hengli’s six-tanker series

    Emarat Maritime emerges behind Hengli’s six-tanker series Dubai’s Emarat Maritime has made a move into tanker newbuildings, emerging as the owner behind a sextet of LR2 product carriers ordered at China’s Hengli Shipbuilding. Industry players said the Sharaf Group–owned company is the buyer of the six 114,000 dwt aframax/LR2 units recently revealed by the yard.…

  • Diana offloads stalled ultramax

    Diana offloads stalled ultramax Diana Shipping has managed to seal a long-delayed exit from an ultramax after a previous sale collapsed, while also locking in a higher-paying charter for one of its capesizes. The New York-listed owner said the 2016-built 63,500 dwt DSI Drammen has been sold to an unrelated buyer for about $26.4m before…

  • Aasen Shipping adds another hybrid methanol-ready bulker at Bodewes

    Aasen Shipping adds another hybrid methanol-ready bulker at Bodewes Norway’s Aasen Shipping has expanded its orderbook once again, returning to Royal Bodewes for a sixth hybrid-powered, methanol-ready self-discharging bulk carrier. The Mosterhamn-based owner has signed up for another 119.95 m vessel at the Dutch yard, following its series of five 9,400 dwt battery-hybrid self-dischargers ordered…

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

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

  • US targets sprawling Iranian shadow fleet network in latest sanctions drive

    US targets sprawling Iranian shadow fleet network in latest sanctions drive The United States has unveiled one of its most extensive crackdowns to date on the Iranian oil-ecosystem, blacklisting a web of front companies, intermediaries and tankers that Washington says bankroll Tehran’s armed forces through clandestine crude sales. The action, announced overnight by the US…

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

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

  • Splash Wrap: Bridges, bombs, bottlenecks

    Splash Wrap: Bridges, bombs, bottlenecks The Black Sea entered one of its most volatile phases as Ukraine and Russia escalated long-range strikes on each other’s critical energy and port infrastructure, leaving commercial shipping exposed to huge levels of risk. Latest shipping traffic data points toward a rise in Suez Canal transits, with authorities in Egypt…

  • SLB OneSubsea bags work on BP’s Gulf of Mexico project

    SLB OneSubsea bags work on BP’s Gulf of Mexico project SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has won a contract from energy major BP for a subsea boosting system in the Tiber deepwater development off the US. This engineering, procurement and construction (EPC) contract for Tiber comes in close…

  • Genco bulks up with newcastlemax brace

    Genco bulks up with newcastlemax brace US-based Genco Shipping & Trading has struck a deal to buy two modern, scrubber-fitted newcastlemax bulk carriers for a combined $145.5m, marking the company’s first move into the segment. The New York-listed owner, led by John Wobensmith, expects to take delivery of the 208,000 dwt vessels in the first…

  • Denmark rolls out new 2.8GW offshore wind tender package

    Denmark rolls out new 2.8GW offshore wind tender package Danish authorities have announced tenders for three areas enabling the construction of at least 2.8GW of offshore wind power. The Danish Energy Agency said that the tenders were based on thorough market dialogues and include, among other things, state subsidies and greater flexibility for developers to…

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

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

  • Calcarea captures crown at The Captain’s Table

    Calcarea captures crown at The Captain’s Table Calcarea has taken top honours at this year’s edition of The Captain’s Table, the maritime startup pitch competition held during Hong Kong Maritime Week and broadcast by Splash. The decarbonisation-focused company impressed judges with a shipboard carbon-capture concept that turns CO₂ into bicarbonate ions while vessels are underway.…

  • New industry alliance targets plastic pollution at sea

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

  • Okeanis Eco Tankers moves for two suezmax resales in $194m deal

    Okeanis Eco Tankers moves for two suezmax resales in $194m deal Greek owner Okeanis Eco Tankers is moving to expand its crude fleet with the purchase of two suezmax newbuilding resales, backed by a planned share issue to help finance the deal. The New York- and Oslo-listed company, controlled by the Alafouzos family, has agreed…

  • Star Bulk confirms three kamsarmax newbuilds at Hengli

    Star Bulk confirms three kamsarmax newbuilds at Hengli Greek dry bulk heavyweight Star Bulk Carriers has confirmed agreements to acquire three kamsarmax vessels at Hengli Shipbuilding. The Nasdaq-listed, Athens-based owner signed three novation and amendment agreements with Hengli Shipbuilding (Singapore) and Hengli Shipbuilding (Dalian) for 82,000 dwt vessels currently under construction. Deliveries are scheduled progressively…

  • Nigeria LNG shipping unit picks Hudong-Zhonghua for new LNG carrier batch

    Nigeria LNG shipping unit picks Hudong-Zhonghua for new LNG carrier batch West African LNG exporter Nigeria LNG (NLNG) is moving ahead with a fresh round of fleet renewal, with its shipping arm Bonny Gas Transport (BGT) selecting China’s Hudong-Zhonghua Shipbuilding for a new tranche of LNG carrier tonnage. Newbuilding sources said BGT has agreed to…

  • DeepOcean scores UK subsea contract

    DeepOcean scores UK subsea contract DeepOcean has secured a new contract on the UK continental shelf to deliver subsea construction and tie-in work for a field that will be developed as a subsea tieback to an existing host facility. The job covers the installation of a flexible production riser, a flowline and an umbilical linking…

  • Transocean secures trio of extensions worth $89m

    Transocean secures trio of extensions worth $89m Transocean has secured new work for one ultra-deepwater drillship and two harsh-environment semisubmersibles, adding about $89m in firm backlog. In Brazil, Petrobras exercised a 90-day option for the Deepwater Mykonos, keeping the drillship on continuous work. The extension is expected to contribute roughly $33m in backlog. In Norway,…

  • CMA CGM and AD Ports push ahead with Khalifa port terminal expansion

    CMA CGM and AD Ports push ahead with Khalifa port terminal expansion France’s CMA CGM Group and Abu Dhabi’s AD Ports have agreed to expand their joint container terminal at Khalifa Port, less than a year after the facility opened, driven by stronger-than-expected demand. CMA Terminals Khalifa Port — owned 70% by CMA CGM and…

  • Atlantic Bulk Carriers back for four more ultramaxes in China

    Atlantic Bulk Carriers back for four more ultramaxes in China Greek dry bulk owner Atlantic Bulk Carriers Management is pressing ahead with its fleet renewal drive, returning to China for another round of ultramax newbuildings. Brokers in Greece report that the Piraeus-based company has ordered four 63,500 dwt ultramaxes at Nantong Xiangyu Shipbuilding & Offshore…

  • Sentinel Marine rebrands as Cyan Sentinel

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

  • Yangzijiang Maritime seals SGX debut with multiple vessel deals

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

  • Black Sea threat level red

    Black Sea threat level red The Black Sea has entered one of its most volatile phases as Ukraine and Russia escalate long-range strikes on each other’s critical energy and port infrastructure, leaving commercial shipping exposed to huge levels of risk. Over the weekend, Ukraine claimed fresh hits on Rosneft’s Ryazan refinery — one of Russia’s…

  • Is the dry bulk market overestimating Simandou’s impact?

    Is the dry bulk market overestimating Simandou’s impact? The extra volumes will result in a significant disruption in the matrix of global iron ore supply, writes Will Fray, director, Maritime Strategies International, but there remain reasons to be cautious. The numbers around the Simandou iron ore project in Guinea approach the hyperbolic. Rio Tinto, as…

  • Hijacked tanker found in Iran’s familiar holding ground

    Hijacked tanker found in Iran’s familiar holding ground The Talara, a Marshall Islands-flagged product tanker, apprehended by the Iranian military on Friday has been tracked down. The vessel is moored in the Khuran Strait, north of Qeshm Island, a familiar location for vessels hijacked by the Iranian Revolutionary Guard Corps (IRGC), according to TankerTrackers.com.  State…

  • American private equity eyes Korean yard investment

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

  • MPCC adds $232m quartet of boxship newbuilds

    MPCC adds $232m quartet of boxship newbuilds MPC Container Ships has moved again to refresh its fleet, signing up for four 4,500-teu newbuildings in China backed by long-term employment. The Oslo-listed tonnage provider confirmed it has struck a deal with Jiangsu Hantong Ship Heavy Industry for the quartet, with deliveries set to begin in the…

  • 2020 Bulkers offloads remaining newcastlemaxes

    2020 Bulkers offloads remaining newcastlemaxes 2020 Bulkers has agreed to sell its last two newcastlemaxes, wrapping up the monetisation of a fleet-building programme that started eight years ago. The Oslo-listed owner said it has signed deals with an undisclosed buyer for the 2020-built Bulk Sydney and Bulk Santos at a combined price of $145.5m. The…

  • Odfjell Drilling eyes long-term cover with new semisub deal

    Odfjell Drilling eyes long-term cover with new semisub deal Oslo-listed semisub player Odfjell Drilling has lined up more long-term work for its owned rig Deepsea Aberdeen, signing a letter of intent with an undisclosed client that would keep the harsh-environment unit busy into 2029. The LOI covers a programme starting in late 2026, directly after…

  • Shipping broadens the search for seafarers

    Shipping broadens the search for seafarers Shipping’s human capital crunch is fast becoming one of its defining challenges of the decade. The latest chapter from our brand-new Seafarers magazine which is being distributed across Hong Kong Maritime Week. From Singapore to Copenhagen, shipowners and managers are grappling with a shrinking supply of qualified crew just…

  • Iran seizes tanker transiting the Gulf of Oman

    Iran seizes tanker transiting the Gulf of Oman A Marshall Islands–flagged crude oil tanker, Talara, has been apprehended today by three small boats belonging to the Iranian military whilst transiting the Gulf of Oman on a voyage from the United Arab Emirates to Singapore. The 73,371 dwt has since been redirected to the Iranian coastline.…

  • Sanctions spur surge in Russian oil languishing at sea

    Sanctions spur surge in Russian oil languishing at sea The amount of oil stranded on tankers worldwide has ballooned in recent months, with Russian barrels making up an outsized share of the floating glut as sanctions upend traditional trade flows. Analysts at Vortexa, Kpler and OilX estimate that roughly 1bn barrels are now sitting at…

  • Splash Wrap: Flows shift again

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

  • Ukrainian drones hit Novorossiysk as strikes on Russian Black Sea ports intensify

    Ukrainian drones hit Novorossiysk as strikes on Russian Black Sea ports intensify Ukrainian forces mounted a large drone strike on Novorossiysk early Friday, damaging a ship in port, hitting apartment blocks, and igniting a blaze at one of Russia’s most important oil terminals in the Black Sea – the latest in a growing series of…

  • The gaps in today’s training environment

    The gaps in today’s training environment As shipping digitalises and decarbonises, training is failing to keep pace. For all the talk of transformation, maritime training is falling behind. While simulators, gamified courses, and online academies multiply, the fundamentals remain out of sync with modern shipping. Across the industry, executives see an urgent need to modernise…

  • Ashdod port invests in AI-driven vessel-tracking tech

    Ashdod port invests in AI-driven vessel-tracking tech Israel’s Ashdod port has taken a $650,000 stake in local maritime tech startup Azimut.ai following a successful pilot of the company’s AI-powered maritime awareness system, Albatross. The investment, made through the port’s Maritime Technology Hub (Blue Ocean CVC), follows a proof-of-concept that demonstrated the system’s ability to detect,…