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Tag: splash24x7

  • DeepOcean secures Equinor subsea deal

    DeepOcean secures Equinor subsea deal Norwegian ocean services player DeepOcean has secured a contract from Equinor for subsea construction and installation work on the Snorre export and import gas (SNEIG) project, with offshore execution set for 2026. The SNEIG development forms part of Equinor’s wider Snorre expansion project, designed to extend the production life of…

  • Hapag-Lloyd targets 22 new ships in fleet renewal drive

    Hapag-Lloyd targets 22 new ships in fleet renewal drive Hapag-Lloyd is moving ahead with a major fleet renewal programme that will see the German liner giant invest in up to 22 new containerships in the sub-5,000 teu range. The Hamburg-based carrier said the move forms part of its long-term strategy to modernise and decarbonise its…

  • Simandou opens, reshaping the capesize trades

    Simandou opens, reshaping the capesize trades The long-awaited Simandou iron ore project has finally roared to life — a $20bn gamechanger set to shake up global dry bulk flows, stretch tonne-miles, and tilt the balance of the iron ore market away from Australia and Brazil. On Tuesday, Guinea officially launched the vast Simandou project —…

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

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

  • Samsung Heavy to build Amogy ammonia power systems

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

  • How to make seafarer training more relevant

    How to make seafarer training more relevant Shipping’s training ecosystem is struggling in an era of accelerating change, with industry leaders warning that tick-box learning and operational pressures are undermining seafarer competence. The latest instalment from our brand-new Seafarers magazine. Maritime training is under strain. Between relentless schedules, shrinking manning levels, and an accelerating pace…

  • Shipping hesitates on Red Sea return

    Shipping hesitates on Red Sea return Experts covering the Red Sea shipping crisis have advised caution over any swift return to the Middle Eastern tradelane. Yesterday, 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…

  • JME returns to New Dayang for another bulker newbuild

    JME returns to New Dayang for another bulker newbuild Greek owner JME Navigation has returned to China’s New Dayang Shipbuilding for another ultramax bulker, continuing a fleet expansion drive that has gathered pace over the past two years. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been contracted to build one Crown 63…

  • United Maritime locks in fresh fixtures amid firming dry bulk market

    United Maritime locks in fresh fixtures amid firming dry bulk market United Maritime has lined up new employment for its bulk carriers as it positions for a stronger fourth quarter and a firmer outlook for panamax and kamsarmax earnings. The Nasdaq-listed Greek owner, led by Stamatis Tsantanis (pictured), said it has secured new charter deals…

  • Scorpio Tankers back in VLCC game with Hanwha Ocean deal

    Scorpio Tankers back in VLCC game with Hanwha Ocean deal Monaco-based Scorpio Tankers has made a surprise return to the crude carrier newbuilding market after more than a decade, signing up for two very large crude carriers (VLCCs) at South Korean yard Hanwha Ocean. The New York-listed product tanker giant has inked letters of intent…

  • Would you let your child go to sea?

    Would you let your child go to sea? As the next generation turns away from life at sea, industry leaders reflect on what it would take to make seafaring something parents once again want for their children. The second instalment in our brand-new Seafarers magazine. Ask anyone who’s spent time at sea and they’ll tell…

  • Houthis signal end to Red Sea attacks as shaky ceasefire holds

    Houthis signal end to Red Sea attacks as shaky ceasefire holds The Houthis have 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 (pictured below) sent to Hamas’s military wing, Kata’ib al-Qassam, by the newly appointed…

  • Live Animal Export: It’s 2025, why are hairy seafarers abandoned and left to linger and die onboard?

    Live Animal Export: It’s 2025, why are hairy seafarers abandoned and left to linger and die onboard? Dr Lynn Simpson returns to Splash today, discussing the ongoing livestock calamity taking place off Turkey. Today is day 54 of Spiridon II’s current voyage, something that Splash covered yesterday. Originating in Montevideo, Uruguay, destined for Türkiye and…

  • ‘Ambition is not yet reaching the fixture desk’: RightShip warns of reward deficit for responsible owners

    ‘Ambition is not yet reaching the fixture desk’: RightShip warns of reward deficit for responsible owners A new 37-page report published today by vetting specialist RightShip makes clear the growing frustration among owners who invest in safer, greener operations yet see little commercial recognition for it, with just 27% of charterers polled saying they offer…

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

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

  • Splash launches special Seafarers magazine

    Splash launches special Seafarers magazine For decades, seafarers have powered shipping’s profits but remained largely invisible to its decision-makers. That distance — between the bridge and the boardroom — is finally narrowing, something that forms the opening article in our brand new Seafarers magazine launching today to coincide with Crew Connect in Manila as well…

  • Newbuild bulker design to lock away carbon at sea

    Newbuild bulker design to lock away carbon at sea Climate-tech start-up Calcarea and Dutch naval architect Aurelia Design have joined forces to develop a commercial ship design integrating ocean-based carbon capture technology. The partnership will combine Calcarea’s limestone weathering system — a process that removes CO₂ by accelerating its natural reaction with seawater and limestone…

  • Diana Shipping clinches capesize charter upgrade with Norden

    Diana Shipping clinches capesize charter upgrade with Norden Greek bulker owner Diana Shipping has locked in a fresh charter for its 2015-built capesize Santa Barbara at a higher rate with Danish shipowner and operator Norden. The 179,426 dwt vessel will earn $25,500 per day, minus 5% commission, for a period running from a minimum of…

  • Svitzer takes majority stake in Norway’s Bukser og Berging

    Svitzer takes majority stake in Norway’s Bukser og Berging Danish towage giant Svitzer has acquired a 66.6% stake in Norwegian towage and marine services company Buksér og Berging (BOB). The deal, which remains subject to final regulatory approvals, will see BOB continue operating as an independent company under its own brand, management, and strategy. Chief…

  • Emboldened Somali pirates spark fear in the Indian Ocean

    Emboldened Somali pirates spark fear in the Indian Ocean The threat of Somali piracy is re-emerging in the Indian Ocean, with recent incidents highlighting the increasing sophistication and reach of pirate groups.  Yesterday’s hijacking of the Malta-flagged Hellas Aphrodite—carrying gasoline from India to South Africa—marked the first merchant vessel boarding of the year, with the…

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

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

  • Vitol mourns the loss of shipping CEO Kit Kernon

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

  • Splash Wrap: Pirates, crews and cyberstorms

    Splash Wrap: Pirates, crews and cyberstorms Compared to recent months, geopolitics did not muscle into many Splash headlines this week, the final days of the tit-for-tat port fees levied by the US and China, which are set to come to an end on Monday. The most shocking news came from the Horn of Africa, where…

  • Geneva Dry: Coal’s wildcard role

    Geneva Dry: Coal’s wildcard role Geneva Dry, the world’s premier commodities shipping conference, is set to return to the Hotel President Wilson on the shore of Lake Geneva on April 28 and 29 next year with many of dry bulk’s biggest names set to take the stage. As well as tech-focused panels, organisers have created…

  • Freightos expands into ocean freight

    Freightos expands into ocean freight Freightos has expanded its digital freight platform from air to sea, rolling out an integrated pricing, quoting, and booking system for ocean freight forwarders. The Nasdaq-listed logistics technology firm said its new WebCargo Rate & Quote Ocean platform marks a major step in unifying air and ocean freight management under…

  • AD Ports buys into Syria’s Latakia terminal in CMA CGM deal

    AD Ports buys into Syria’s Latakia terminal in CMA CGM deal AD Ports Group has struck a deal with France’s CMA CGM Group to acquire a 20% stake in Latakia International Container Terminal (LICT), Syria’s main container facility, for AED 81m ($22m). Under the agreement, the Abu Dhabi-based ports and logistics group will join CMA…

  • Scorpio Tankers refreshes MR fleet with sale and newbuild swoop

    Scorpio Tankers refreshes MR fleet with sale and newbuild swoop Scorpio Tankers is reshuffling its MR product tanker lineup, agreeing to sell four existing vessels while snapping up four modern newbuildings set to join its fleet in 2026 and 2027. The Monaco-headquartered company, led by Emanuele Lauro (pictured), has signed deals to sell four 2014-built,…

  • Somali pirates board tanker in deepwater attack

    Somali pirates board tanker in deepwater attack A Malta-flagged products tanker has been boarded by armed pirates in the Indian Ocean. According to maritime security specialists Vanguard Tech and Ambrey, the Hellas Aphrodite was attacked early today, approximately 549 nautical miles east-southeast of Hobyo, Somalia, far beyond the traditional high-risk area. The 50,000 dwt vessel,…

  • Study warns seafarers’ shore leave still in steep decline since pandemic

    Study warns seafarers’ shore leave still in steep decline since pandemic Seafarers are finding it increasingly difficult to step ashore, with new research showing access to shore leave has dropped sharply since the pandemic. A study by the ITF Seafarers’ Trust, Shore Leave and the Future of Port-Based Welfare, found a 61% fall in seafarers…

  • EuroHoldings makes first move into tankers with MR buy from Latsco

    EuroHoldings makes first move into tankers with MR buy from Latsco EuroHoldings, the Nasdaq-listed offshoot of Greek containership owner Euroseas, has taken its first step into the tanker market with the acquisition of an MR product carrier from fellow Latsis family company Latsco Shipping. The 2015-built, 49,997 dwt Hellas Avatar will change hands for $31.83m,…

  • DeepOcean and Jana Marine team up for Middle East subsea joint venture

    DeepOcean and Jana Marine team up for Middle East subsea joint venture Norway’s DeepOcean and Saudi Arabia-based Jana Marine Services have penned a deal to form a joint venture targeting the offshore subsea market in the Middle East. The new company, to be named JADE Subsea Services, will provide integrated subsea construction, inspection, maintenance and…

  • Norden extends partnership with wood pellet maker Enviva

    Norden extends partnership with wood pellet maker Enviva Danish shipowner Norden has signed a new two-year contract of affreightment with US-based wood pellet producer Enviva, covering shipments from the US to Europe starting in 2026. Under the agreement, Norden will carry multiple handysize cargoes of wood pellets from loading ports along the US East and…

  • TGS secures multi-year survey agreement with Chevron

    TGS secures multi-year survey agreement with Chevron Oslo-listed seismic data specialist TGS and US supermajor Chevron have signed a three-year capacity agreement for marine streamer and OBN acquisition services. The minimum firm commitment under the three-year term of the capacity agreement is 18 months of a combination of OBN and streamer acquisition services. The two…

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

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

  • Diana Shipping nets $12.5m from fresh MOL and Bunge charters

    Diana Shipping nets $12.5m from fresh MOL and Bunge charters Greek dry bulk owner Diana Shipping has sealed a fresh charter deal with MOL Ocean Bulk and extended another with Bunge, adding up to around $12.5m in gross revenue for the two vessels. The New York-listed company said it fixed its 2012-built 206,104 dwt newcastlemax…

  • Fujian Guohang drops two bulker orders at Jiangsu Haitong

    Fujian Guohang drops two bulker orders at Jiangsu Haitong Chinese bulker owner Fujian Guohang Ocean Shipping has scrapped plans to build two 73,800 dwt bulk carriers at Jiangsu Haitong Offshore Engineering Equipment, saying the ships no longer fit its strategic direction. The Beijing Stock Exchange-listed company’s board approved the decision to terminate the construction contract,…

  • Performance Shipping aframax lands two-year ExxonMobil charter

    Performance Shipping aframax lands two-year ExxonMobil charter Greek tanker owner Performance Shipping has signed a fresh two-year charter deal for its 2013-built aframax P Long Beach with ExxonMobil’s shipping arm, SeaRiver Maritime. The 105,408 dwt vessel will start the new employment at a daily rate of $30,500 upon redelivery from its current charterer, expected around…

  • Costamare lifts Chinese newbuild series to six boxships

    Costamare lifts Chinese newbuild series to six boxships Greek containership owner Costamare has expanded its newbuilding programme in China, adding two more 3,100 teu vessels to its growing series. The New York-listed company said in its third-quarter earnings report that the vessels are scheduled for delivery in the first quarter of 2028 from an undisclosed…

  • Nordic American Tankers readies suezmax newbuilds in South Korea

    Nordic American Tankers readies suezmax newbuilds in South Korea Nordic American Tankers (NAT) is heading back to South Korea for fresh tonnage, with a letter of intent signed for two suezmax newbuilds worth about $86m apiece. The Herbjørn Hansson-led company said deliveries are planned for the second half of 2028, with a final shipbuilding contract…

  • Developers shun Dutch 1GW offshore wind auction

    Developers shun Dutch 1GW offshore wind auction The Dutch authorities have received no bids for its 1GW Nederwiek 1-A offshore wind site in the North Sea. The site, which covers an area of around 150 sq km, some 95 km off the coast of Texel, was already reduced from 2GW to decrease the investment required…

  • Norden names new dry cargo head

    Norden names new dry cargo head Danish shipowner and operator Norden has named Christian Antonsen as its new head of dry cargo in the freight services and trading division. Antonsen joins from agricultural giant Archer Daniels Midland (ADM), where he currently serves as global ocean freight director, chartering. His career has also included stints at…

  • Equinor extends Aker Solutions inspection services deal to 2030

    Equinor extends Aker Solutions inspection services deal to 2030 Norway’s Aker Solutions has won a four-year contract extension to provide onshore and offshore inspection services for compatriot Equinor. The extension follows the Norwegian energy giant’s decision to exercise an option included in the current agreement. Under the extension, Aker Solutions will continue to deliver inspection…

  • KNOT moves to take KNOT Offshore Partners private

    KNOT moves to take KNOT Offshore Partners private New York-listed shuttle tanker owner KNOT Offshore Partners (KNOP) has received a buyout proposal from its parent company, Knutsen NYK Offshore Tankers AS (KNOT), aiming to acquire all publicly held common units and take the New York-listed partnership private. The unsolicited, non-binding offer proposes a cash consideration…

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

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

  • Why we fear AI and why the maritime workforce shouldn’t

    Why we fear AI and why the maritime workforce shouldn’t Why fear of artificial intelligence says more about us than about the technology itself. By Giampiero Soncini, member of the board at Oceanly.  Recent weeks have seen a sharp rise in cyber-attacks targeting different industries across the globe. In the latest survey by the International…

  • Maritime CEO Forum Monaco: Bulk leaders navigate China, tariffs and technology shifts

    Maritime CEO Forum Monaco: Bulk leaders navigate China, tariffs and technology shifts At the Maritime CEO Forum at the Yacht Club de Monaco, five of the dry bulk sector’s best-known names gathered to dissect a market that continues to defy easy prediction. Moderated by Tim Huxley, CEO of Mandarin Shipping, the discussion swung between bullish…

  • Ebe breaks new ground with Chinese newcastlemax order

    Ebe breaks new ground with Chinese newcastlemax order Belgian shipowner Ebe has placed its first-ever shipbuilding order in China, marking a return to the large bulker segment after nearly a decade. The Basile Aloy-led company has ordered two firm plus one optional 210,000 dwt ammonia-ready newcastlemax bulk carriers at Qingdao Beihai Shipbuilding, with delivery of…

  • Eidesvik secures PSV extensions with Aker BP

    Eidesvik secures PSV extensions with Aker BP Norwegian offshore vessel owner Eidesvik Offshore has secured a one-year extension for its platform supply vessel Viking Lady with Aker BP, keeping the ship on contract until February 2027. The extension follows directly after the current deal expires in early 2026. The original three-year charter was awarded in…

  • Splash Wrap: Deals, diplomacy and disruption

    Splash Wrap: Deals, diplomacy and disruption Donald Trump’s tour of Asia provided the biggest shipping news of the week. His meet-up with his Chinese counterpart, Xi Jinping, yesterday saw the tit-for-tat port fees shelved for a year, and panamaxes surging as China committed to resume buying large amounts of American grain. Trump’s earlier meetings this…

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

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

  • Greek owner JHI Steamship books aframax tankers in South Korea

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

  • Capital Maritime adds capesize brace to expanding Chinese orderbook

    Capital Maritime adds capesize brace to expanding Chinese orderbook Greek shipowner Evangelos Marinakis is extending his shipbuilding campaign into the dry bulk sector, with his Capital Maritime & Trading placing an order for two capesize bulk carriers at China’s Hengli Shipbuilding. Several shipbuilding sources confirmed the deal, saying delivery of the 180,000 dwt units is…

  • SeaTrek joins forces with Legasea to expand dry bulk business

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

  • DeepOcean wins Western Australia decommissioning job

    DeepOcean wins Western Australia decommissioning job Offshore services provider DeepOcean has secured a contract to support the decommissioning of subsea infrastructure at oil and gas fields off Western Australia, marking another key project for the company in the region. The scope includes the suspension of subsea trees, removal of flowlines, risers, and dynamic umbilicals, and…

  • Tanker rates poised to close 2025 with best year in a decade

    Tanker rates poised to close 2025 with best year in a decade The year 2025 is shaping up to be the best year for tankers in a decade, according to analysis carried in the October issue of Splash Extra, now available to read for free.  Year-to-date average VLCC earnings of $44,279 are the best since…

  • Top shipping organisations reaffirm support for IMO as global regulator

    Top shipping organisations reaffirm support for IMO as global regulator In light of this month’s surprise move by member states to put the Net-Zero Framework (NZF) on ice, the world’s leading shipping organisations have reaffirmed their support to the International Maritime Organization (IMO) as the global regulator for international shipping.  The Tripartite Forum of shipbuilders,…

  • Monaco owner Transocean breaks into boxships with newbuilds in China

    Monaco owner Transocean breaks into boxships with newbuilds in China Monaco-headquartered Transocean Maritime Agencies has been revealed as the buyer behind an order for containership newbuildings in China, marking the company’s latest fleet expansion and its first step into the box segment. Industry sources and shipbuilding databases show Transocean has contracted two 1,930 teu vessels…

  • Alfa Laval: Balancing short-term operational needs with long-term goals

    Alfa Laval: Balancing short-term operational needs with long-term goals For shipping’s leaders, the biggest challenge today isn’t just keeping up with technology — it’s knowing which path to take. “Making decisions about which technology or fuel to invest in has not been easy,” says Martijn Bergink, president of Alfa Laval’s marine division. “Rapidly changing regulations,…

  • HMM joins the exclusive teu millionaires club

    HMM joins the exclusive teu millionaires club South Korea’s flagship carrier HMM has become the eighth member of the exclusive teu millionaires club. HMM’s fleet now stands at 1,007,180 teu, according to analysis by Alphaliner, which noted in its most recent weekly report that the Korean carrier’s operated capacity has doubled over the past five…

  • CMA CGM plots expansion in Saudi Arabia with $450m Jeddah terminal JV

    CMA CGM plots expansion in Saudi Arabia with $450m Jeddah terminal JV French shipping and logistics group CMA CGM has taken another step to expand its terminal footprint in the Middle East, signing a term sheet with Saudi Arabia’s Red Sea Gateway Terminal (RSGT) for a potential joint venture to build and operate Terminal 4…

  • APM Terminals and Alabama Port move ahead with Mobile expansion

    APM Terminals and Alabama Port move ahead with Mobile expansion APM Terminals and the Alabama Port Authority have agreed to move ahead with a $131m expansion at the Port of Mobile, adding a new 1,300-foot container berth to handle growing trade volumes through the Gulf of Mexico gateway. The “Phase V” project will boost berth…

  • Queue times for commodity vessels off Chinese ports hit highs not seen since 2022

    Queue times for commodity vessels off Chinese ports hit highs not seen since 2022 Xi Jinping’s meeting with Donald Trump in South Korea later this week cannot come soon enough to smooth troubled commodity supply chains with vessels backing up off China on a scale not seen for years.  Queue times for commodity vessels off…

  • Port fees: from temporary problem to structural risk to trade?

    Port fees: from temporary problem to structural risk to trade? Sagitta Marine managing director Thomas Zaidman on what happens if fair and unimpeded port access becomes a tool of trade policy. After decades lying in the long grass, geopolitical forces have re-emerged as a key operational risk. This is not to say that politicians especially…

  • Jinhui clears out another ageing supramax

    Jinhui clears out another ageing supramax Oslo-listed Jinhui Shipping and Transportation has sold another of its older supramax bulk carriers as part of its ongoing fleet renewal drive. The Hong Kong-based owner said it agreed to dispose of a 2012-built, 56,469-dwt Jin Mao for $13.2m to China’s New Unite Marine. The vessel, built at Jiangsu…

  • Huarong Leasing lines up newcastlemax newbuild brace

    Huarong Leasing lines up newcastlemax newbuild brace China’s Huarong Financial Leasing has signed up for two newcastlemax bulk carriers at Taizhou Kouan Shipbuilding, marking its first newbuilding move in the segment and a rare order for the yard. The leasing company said the 210,000 dwt newbuildings will cost $71m apiece, with delivery likely scheduled for…

  • Yinson takes Maran VLCC

    Yinson takes Maran VLCC Singapore’s Yinson Production has quietly extended its footprint into the VLCC segment, sealing a deal with Greek powerhouse Angelicoussis Group for the 317,100 dwt Maran Antares (built 2012, Daewoo). The price remains undisclosed, though VesselsValue estimates the ship’s market worth at around $68m — marking Yinson’s youngest tanker purchase to date. …

  • Havila vessel gets more time with OceanPact

    Havila vessel gets more time with OceanPact Norwegian offshore vessel owner Havila Shipping has secured a contract extension with OceanPact for its subsea vessel Havila Harmony. The 2005-built vessel will remain with the Brazilian offshore vessel owner and services provider on a bareboat charter until the end of 2026. The financial terms of the latest…

  • Why realism, not rhetoric, will drive shipping’s path to net zero

    Why realism, not rhetoric, will drive shipping’s path to net zero Philippos Ioulianou, managing director of EmissionLink, writes for Splash today. The decision by the International Maritime Organization to delay the Net-Zero Framework by a year has exposed deep divisions. What should have been a coordinated global effort toward decarbonisation has resulted in paralysis at…

  • Metrostar sails out of crude trade with double suezmax sale

    Metrostar sails out of crude trade with double suezmax sale Greek shipowner Metrostar Management has sold its final two suezmax tankers to compatriot Delta Tankers, marking its full exit from the crude carrier business. Brokers said the Theodore Angelopoulos-led outfit has offloaded the 2021-built, 156,800 dwt Crude Levante and Crude Zephyrus, both constructed at New…

  • Oceanbulk linked to boxships comeback

    Oceanbulk linked to boxships comeback Greek shipowner Petros Pappas is edging back into the container market, with his privately held firm Oceanbulk reportedly striking a deal for a pair of feeder newbuildings in China. Shipbuilding and market sources have tied Oceanbulk to a contract for two 3,100 teu boxships at Zhoushan Changhong International Shipyard, priced…

  • Maritime faces mainstream media reckoning

    Maritime faces mainstream media reckoning Ben Pinnington, founder of Polaris Media, writes for Splash today. His new book, Making Waves: PR strategies to transform your maritime business, will be published by Rethink Press on Amazon on November 4. The sound of screeching breaks can be heard around the world. There can be little doubt the…

  • Stena offloads fire-damaged tanker for repair in Turkey

    Stena offloads fire-damaged tanker for repair in Turkey Stena Bulk has sold the fire-damaged Stena Immaculate to an undisclosed buyer who plans to repair the vessel at Desan Shipyard in Turkey. The Swedish tanker owner confirmed the sale, saying the deal involves the 2017-built 49,700-dwt MR unit, which was badly damaged in a collision with…

  • Bruton firms up VLCC order at New Times Shipbuilding

    Bruton firms up VLCC order at New Times Shipbuilding Tor Olav Trøim-backed Bruton has finalised contracts with New Times Shipbuilding in China for two scrubber-fitted VLCC newbuildings, with options for two more of the same design. The Oslo-listed company said the deal was concluded through its wholly owned subsidiary Andes Tankers III, which has now…

  • Floatel extends Brazil run with fresh vessel deal

    Floatel extends Brazil run with fresh vessel deal Oslo-based offshore accommodation specialist Floatel International has secured another letter of intent (LOI) for the Floatel Victory, extending the unit’s upcoming campaign offshore Brazil. The 2013-built semisubmersible accommodation unit has been lined up to provide maintenance and safety unit (MSU) services for a 6–7-month assignment starting in…

  • China and India step back from Russian oil under US pressure

    China and India step back from Russian oil under US pressure The oil markets are in flux today as tanker trades retrench and Russia’s two largest buyers of oil pause buying the fuel that has helped fund Moscow’s war in Ukraine for the past three and a half years.  News has emerged in the past…

  • Peter Döhle boosts boxship fleet with four newbuilds in China

    Peter Döhle boosts boxship fleet with four newbuilds in China Hamburg-based shipowner Peter Döhle Schiffahrts is expanding its container fleet with an order for four feedermax vessels in China. Shipbuilding sources report that the 2,900 teu ships have been booked at China’s CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries scheduled between late 2027 and 2028.…

  • MSC and Maersk join CMA CGM in moving tonnage to India

    MSC and Maersk join CMA CGM in moving tonnage to India The world’s three largest containerlines are reflagging ships to the Indian register to take advantage of local cabotage laws and growing business around the shorelines of the world’s most populous nation. France’s CMA CGM was the first global liner to make the move this…

  • Splash Wrap: Sanctions, shadow fleets, and shifting tides

    Splash Wrap: Sanctions, shadow fleets, and shifting tides US president Donald Trump unveiled sweeping sanctions on Russia’s top oil producers, Rosneft and Lukoil, this week in his most extensive energy crackdown since returning to office. Aimed at forcing Moscow toward peace talks, the measures cut the companies off from US banking and dollar systems. The…

  • Zodiac Maritime takes the plunge with suezmax orders in Vietnam

    Zodiac Maritime takes the plunge with suezmax orders in Vietnam UK-headquartered Zodiac Maritime has achieved another shipbuilding first, becoming the first client of Samsung Heavy Industries’ newly controlled Vietnam shipyard, committing to three firm conventionally fuelled suezmax tankers with options, priced at $80m per unit and delivering in 2028. Each vessel, with a capacity of…

  • Flag-hopping hits extreme levels

    Flag-hopping hits extreme levels The monthly publication of Clarksons Research’s World Fleet Monitor increasingly shows data that reflects the extraordinary geopolitical challenges and machinations that shipping has to navigate in 2025. With flag-hopping becoming standard operating procedure for the shadow – or parallel – fleet, monthly changes in registry numbers have never been so extreme…

  • Trump’s Russian oil sanctions set to redraw global tanker trading map

    Trump’s Russian oil sanctions set to redraw global tanker trading map US president Donald Trump has imposed sweeping new sanctions on Russia’s two biggest oil producers, Rosneft and Lukoil, in what he described as “tremendous sanctions” aimed at forcing Moscow to the negotiating table over its war in Ukraine. The sanctions have the potential to…

  • How geopolitics is redrawing the world’s shipping routes

    How geopolitics is redrawing the world’s shipping routes Globalisation isn’t dead, but it’s changing course, writes Neil Shearing, group chief economist at Capital Economics, and author of this year’s bestseller The Fractured Age. Commentators have been quick to declare globalisation dead. But, as is so often the case in economics, the reality is more complicated…

  • Rising US deportations of Filipino crew spark diplomatic intervention

    Rising US deportations of Filipino crew spark diplomatic intervention The Philippines has demanded an explanation from Washington after a rising number of Filipino seafarers were reportedly denied entry to the United States and deported in recent months. In a statement issued on Tuesday, the Philippine Embassy in Washington, DC, said it had sought clarification from…

  • Japan’s shipbuilders seek $2.3bn injection to double output

    Japan’s shipbuilders seek $2.3bn injection to double output Japan’s shipbuilders are mounting their most ambitious modernisation drive in decades, seeking a ¥350bn ($2.3bn) government-backed injection to double national shipbuilding output within 10 years. The plan, unveiled on Wednesday by the Shipbuilders’ Association of Japan (SAJ) ahead of a meeting with the ruling Liberal Democratic Party…

  • Shipping heavyweights join bid to standardise emissions tracking

    Shipping heavyweights join bid to standardise emissions tracking Carbon Measures, a new global coalition representing major businesses from diverse industries and geographies, including famous names from shipping, ports and large charterers, has launched this week seeking to establish what they claim is a more accurate carbon accounting framework as well as to drive market-based solutions…

  • Evergreen taps Samsung Heavy and Guangzhou Shipyard International for 14 ships

    Evergreen taps Samsung Heavy and Guangzhou Shipyard International for 14 ships Taiwan’s Evergreen has split its next fleet expansion plans equally between China and South Korea. Greek broker Intermodal is reporting Taiwan’s largest liner has ordered 14 LNG dual-fuel 14,000 teu vessels, split equally between Guangzhou Shipyard International (GSI) and Samsung Heavy Industries. Costing about…

  • Alberta Shipmanagement makes boxship debut with Chinese newbuild order

    Alberta Shipmanagement makes boxship debut with Chinese newbuild order Greek owner Alberta Shipmanagement has made its first move into the containership sector, joining a growing number of traditional tanker and bulker players diversifying their fleets. Industry databases show the Athens-based company has ordered two 1,930 teu vessels at CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries…

  • Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds

    Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds Two Greek shipowners have placed fresh orders in China as Hengli Heavy Industries continues to build its orderbook with European tonnage. The Dalian-based shipyard confirmed contracts for five bulk carriers worth around $211m from US-listed Seanergy Maritime and Eastern Mediterranean Maritime (Eastmed). Seanergy,…

  • DeepSea: The autonomy age is here

    DeepSea: The autonomy age is here 2026 will be the year autonomy takes off in cargo shipping, specifically with regards to propulsion automation, followed by full navigation automation in the forthcoming years, predicts Konstantinos Kyriakopoulos, CEO and co-founder of DeepSea, one of maritime’s best-known AI brands. A number of leading ship operators have been quietly working…

  • ORIX steps in to save Japan’s greying shipowning class

    ORIX steps in to save Japan’s greying shipowning class Japan is well known for its acute demographic timebomb. More than 29% of its population is aged 65 or older — the highest proportion globally — while the birth rate continues to fall, reaching a record low in 2024. The working-age population is shrinking rapidly, straining…

  • 2020 Bulkers banks $72m as fleet sell-off rolls on

    2020 Bulkers banks $72m as fleet sell-off rolls on Oslo-listed 2020 Bulkers has extended its fleet sell-off with the disposal of another newcastlemax bulker. The Norwegian owner, set up by Tor Olav Trøim, said it has agreed to sell the 2020-built 208,000 dwt Bulk Sao Paulo for $72.75m to an undisclosed buyer. The company will…

  • CMB.TECH continues fleet renewal with fresh sales

    CMB.TECH continues fleet renewal with fresh sales Belgium’s CMB.TECH has pushed ahead with its fleet renewal strategy, confirming disposals in wet and dry secondhand markets, while adding new tonnage across multiple segments. The Antwerp-based shipowner confirmed the sale of the 2007-built 306,543 dwt VLCC Dalma for a reported $48m after passing dry dock. The deal,…

  • Great Eastern offloads veteran tanker in ongoing fleet refresh

    Great Eastern offloads veteran tanker in ongoing fleet refresh India’s Great Eastern Shipping has sold another older tanker as part of its ongoing fleet renewal drive. The Mumbai-listed company said it has sealed a deal to sell the 2005-built 48,500 dwt Jag Pooja to an unaffiliated third party. VesselsValue estimates the ship’s market value at…

  • KKR launches $500m container leasing venture

    KKR launches $500m container leasing venture US investment giant KKR has launched a new container leasing and financing company with half a billion dollars in committed capital, marking its latest move into asset-based maritime investments. The new venture, Galaxy Container Solutions, will be owned by KKR-managed credit funds and accounts under its Asset-Based Finance strategy.…

  • Huayuan Star orders methanol-ready kamsarmax brace

    Huayuan Star orders methanol-ready kamsarmax brace China’s Huayuan Star Shipping has turned to the newbuilding market to expand its fleet with an order for two kamsarmax bulk carriers at compatriot yard Jiangsu Haitong Offshore Engineering Equipment. A signing ceremony was recently held in Shanghai to formalise the deal. The 85,000 dwt vessels are scheduled for…

  • IMO fails to agree Net-Zero Framework, pushes talks to 2026

    IMO fails to agree Net-Zero Framework, pushes talks to 2026 Negotiations at the International Maritime Organization (IMO) have broken down without agreement on the Net-Zero Framework, leaving the shipping industry facing another year of uncertainty over how its decarbonisation will be regulated. Delegates at the Marine Environment Protection Committee’s extraordinary session in London voted to…

  • Too close to call: IMO’s make-or-break vote to define shipping’s decarbonisation path

    Too close to call: IMO’s make-or-break vote to define shipping’s decarbonisation path The global shipping industry will find out today its green future with one of the most contentious Marine Environment Protection Committee (MEPC) meetings drawing to a close this evening at the London headquarters of the International Maritime Organization (IMO) and the vote on…

  • Navios Partners nets $69m from vessel sales as it boosts charter cover

    Navios Partners nets $69m from vessel sales as it boosts charter cover Greece’s Navios Maritime Partners has sold three older vessels — including one of its oldest VLCCs — as part of its fleet renewal programme, while adding a newly built product tanker and fixing several ships on new charters. The Angeliki Frangou-led, New York-listed…

  • ABS buys MetaSHIP in digital training push

    ABS buys MetaSHIP in digital training push US classification society ABS has agreed to acquire the MetaSHIP training and simulation platform from Orka Informatics, following in the footsteps of its UK peer Lloyd’s Register, which bought Ocean Technologies Group (OTG) in late 2024. The move marks another major step by a leading class society into…

  • Yang Ming’s dry bulk arm readies four newbuilds in fleet renewal push

    Yang Ming’s dry bulk arm readies four newbuilds in fleet renewal push Kuang Ming Shipping, the dry bulk subsidiary of Taiwan’s Yang Ming Marine Transport, is returning to the newbuilding market with plans approved to order four vessels. The newbuilds, sized between 45,000 and 69,999 dwt, will be capable of transporting major bulks such as…