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Tag: splash24x7

  • Jinhui continues fleet renewal with $23.5m ultramax sale

    Jinhui continues fleet renewal with $23.5m ultramax sale Oslo-listed dry bulk owner Jinhui Shipping and Transportation has agreed to sell one of its ultramax bulk carriers as it continues to streamline its fleet. The Hong Kong-based outfit said it has struck a $23.46m deal with Hongkong Yiming Shipping for the 2014-built 63,485 dwt bulker Jin…

  • VLCC day rates rocket above half‑million dollars

    VLCC day rates rocket above half‑million dollars Amid soaring tanker rates, a US‑led naval coalition has warned shipping that stationary vessels and ships on predictable routes are “credible” targets for sabotage across the Middle East, after a tanker linked to the Stena‑Sonangol suezmax pool was struck off the Iraqi coast. The Combined Maritime Forces’ Joint…

  • China Merchants unit orders LNG-powered Yangtze bulkers

    China Merchants unit orders LNG-powered Yangtze bulkers China Merchants Group is expanding its greener inland fleet, with subsidiary Changhang Freight (Zhoushan) contracting two LNG-powered bulk carriers at a domestic shipyard. The newbuildings will be constructed by Jiangxi New Jiangzhou Shipbuilding Heavy Industry, and will each measure about 20,000 dwt. The vessels are designed as river-sea…

  • US grants 30‑day waiver to let Russian crude already at sea be delivered to India

    US grants 30‑day waiver to let Russian crude already at sea be delivered to India The US Treasury has issued a narrowly targeted, 30‑day sanctions waiver allowing Indian refiners to accept Russian‑origin crude and petroleum cargoes already loaded aboard tankers by way of helping fill the gap left by the ongoing war between Iran and…

  • How this year will define the future of shipping technology

    How this year will define the future of shipping technology Every year, Maritime CEO reaches out to ask the industry for what they see as the big tech developments or breakthroughs we should anticipate. Answers are carried below As we move through 2026, the maritime industry is entering a critical maturation phase. The initial gold…

  • Speak up for our sector

    Speak up for our sector Maritime leaders must use a single voice to challenge roadblocks and spotlight opportunities in an operating landscape that is fraught with turmoil, writes Intent Communications CEO Namrata Nadkarni. The maritime industry is no stranger to volatility, but the start of 2026 has brought a convergence of crises that would test…

  • GMS pushes EU to recognise India’s ship recycling capacity

    GMS pushes EU to recognise India’s ship recycling capacity GMS, the world’s largest cash buyer of ships for recycling, has called on the European Commission to approve qualified Indian ship recycling yards for inclusion on the European List under the EU Ship Recycling Regulation (EU SRR). Over 110 Indian yards already hold Hong Kong Convention…

  • Scorpio Tankers lands long-term LR2 cover and shores up cash with triple sale

    Scorpio Tankers lands long-term LR2 cover and shores up cash with triple sale Monaco-based product tanker owner Scorpio Tankers has locked in long-term cover for two LR2s while agreeing to sell three ships, a move set to boost its cash position by about $110m. The New York-listed company said it has fixed the 2017-built 110,000…

  • Great Eastern keeps fleet renewal on course with fresh kamsarmax buy

    Great Eastern keeps fleet renewal on course with fresh kamsarmax buy India’s The Great Eastern Shipping has continued its steady fleet renewal drive, lining up another secondhand bulker as it reshapes its portfolio. The Mumbai-listed owner said it has contracted to buy a 2014-built Japanese kamsarmax, without providing any further details about the deal, except…

  • Costamare orderbook hits 10 in 3,100 teu series

    Costamare orderbook hits 10 in 3,100 teu series Greek containership tonnage provider Costamare has expanded its newbuilding programme in China, adding four more 3,100 teu vessels to its growing series. The New York-listed owner, led by Konstantinos Konstantakopoulos, said it has signed up for the construction of the additional ships at a Chinese yard, with…

  • Nanjing Tanker orders trio of chemical carriers

    Nanjing Tanker orders trio of chemical carriers China’s Nanjing Tanker has added three more vessels to its growing orderbook, signing up for a trio of stainless steel chemical tankers at a domestic shipyard. The Shanghai-listed owner, part of China Merchants Group, said in a filing that its wholly owned subsidiary, Nanjing Yangyang Chemical Transportation &…

  • Turkish Petroleum awards Black Sea gas field tie-back deal to Subsea7

    Turkish Petroleum awards Black Sea gas field tie-back deal to Subsea7 Offshore engineering and services player Subsea7 has won a variation order from the Turkish Petroleum Offshore Technology Centre (TP-OTC) for the Sakarya field development in the Black Sea, offshore Turkey. The award represents an extension to the contract announced by Subsea7 in August last…

  • Diana rolls panamax bulker into improved SwissMarine fixture

    Diana rolls panamax bulker into improved SwissMarine fixture New York-listed Greek dry bulk owner Diana Shipping has fixed one of its panamax units on a fresh time charter, locking in a stronger rate as the ship rolls off its current employment. The 77,525 dwt ice-class Crystalia has been chartered to SwissMarine at $16,200 per day,…

  • Fredriksen, Ofer and Wilhelmsen line up full fleet sale at Edda Wind

    Fredriksen, Ofer and Wilhelmsen line up full fleet sale at Edda Wind Offshore wind vessel owner Edda Wind has entered into agreements for the potential sale of its entire fleet of service operation vessels (SOVs) and commissioning service operation vessels (CSOVs), including units under construction. According to a stock exchange filing from Wilh Wilhelmsen, the…

  • Pelagic Credit raises $58m ahead of Oslo debut

    Pelagic Credit raises $58m ahead of Oslo debut Pelagic Credit has raised NOK558m ($58m) in a private placement, clearing the way for its planned listing in Oslo. The Cyprus-based shipping investor said it attracted orders from “high quality” industrial and institutional investors. The company’s sponsor, Pelagic Partners, is contributing $48.1m through its managed funds, consisting…

  • Wallenius Wilhelmsen seals $190m contract renewal

    Wallenius Wilhelmsen seals $190m contract renewal Oslo-listed roro and logistics group Wallenius Wilhelmsen has renewed a shipping contract with a global automotive distributor, locking in an estimated net freight value of about $190m. The deal runs for two years firm and includes a one-year mutual extension option. It also features a fixed surcharge covering multi-fuel…

  • United European Car Carriers lifts newbuild tally to four

    United European Car Carriers lifts newbuild tally to four Oslo-based United European Car Carriers (UECC) is expanding its fleet with an order for two more eco-friendly car carriers in China. The shortsea roro operator, jointly owned by Wallenius Lines and Nippon Yusen Kaisha, has signed for a pair of 3,000 ceu vessels at China Merchants…

  • Naftomar tied to suezmax deal as rates break the $300,000 mark in the Persian Gulf

    Naftomar tied to suezmax deal as rates break the $300,000 mark in the Persian Gulf A suezmax deal concluded last week already looks well-timed amid a rapidly shifting geopolitical backdrop.  Two years ago, UAE-based VLKR Ship Management acquired the 156,000 dwt Karvounis (built 2013, Sumitomo), paying $67.5m for the scrubber-fitted Japanese unit and renaming it…

  • Zurich buys rival insurer Beazley

    Zurich buys rival insurer Beazley Swiss insurance giant Zurich is buying British rival Beazley for £8.1bn ($10.8bn), having had an earlier £7.7bn bid rebuffed.  Beazley, which features a significant marine portfolio, will be delisted from the London Stock Exchange but will remain a UK-based company. Mario Greco, Zurich’s chief executive, said: “Leveraging Beazley’s established Lloyd’s…

  • 3,200 ships caught up in Hormuz paralysis

    3,200 ships caught up in Hormuz paralysis VLCC freight surged to extraordinary theoretical levels on Monday as the war between Iran and the US‑Israel coalition roiled shipping in the Persian Gulf, with some 3,200 vessels stuck in the region. The benchmark TD3C from the Middle East to China was quoted at $423,700 a day, up…

  • BAL parent LC Logistics books $236m boxship duo

    BAL parent LC Logistics books $236m boxship duo Hong Kong-listed LC Logistics has ordered two 11,000 teu containerships from China in a deal worth about $236m. The vessels will be built by Shanghai Waigaoqiao Shipbuilding in partnership with the trading arm China Shipbuilding Trading Company. The newbuilds are scheduled for delivery by November 30, 2028…

  • MISC lifts Hudong-Zhonghua LNG series

    MISC lifts Hudong-Zhonghua LNG series Malaysia’s MISC has increased its LNG newbuilding programme in China to five vessels after signing for two additional carriers at Hudong-Zhonghua Shipbuilding. The latest order covers a pair of 174,000 cu m newbuilds, which will be chartered to Malaysia’s national oil company Petronas under a 20-year contract. The long-term charter…

  • Radziwill’s CTM adds firepower with new investors

    Radziwill’s CTM adds firepower with new investors Bermuda-domiciled dry bulk operator C Transport Maritime has brought Japan’s Tokyo Century Corporation and Norway’s Barque onto its register as new shareholders. As part of the deal, both investors have taken equity stakes in the company and appointed representatives to the board. Financial details were not disclosed. CTM…

  • Navigator fixes newbuild financing

    Navigator fixes newbuild financing New York-listed Navigator Holdings has secured a $133.7m loan to finance two liquefied ethylene gas carriers under construction in China. The handysize LPG carrier specialist said subsidiaries Navigator Parsec and Navigator Pleione signed the facility agreement with ABN AMRO Bank, Crédit Agricole Corporate & Investment Bank and Nordea Bank Abp. The…

  • Brazilian OSV giants OceanPact and CBO to merge

    Brazilian OSV giants OceanPact and CBO to merge Brazilian offshore vessel owners OceanPact and CBO Group are set to combine their businesses in a move that will mark one of the most significant consolidation moves in Brazil’s offshore support vessel market in recent years. The companies said in a regulatory filing that the transaction will…

  • EPS boosts VLCC series with two more Hengli newbuilds

    EPS boosts VLCC series with two more Hengli newbuilds Singapore-based owner Eastern Pacific Shipping (EPS) is expanding its renewed push into the VLCC segment with two more newbuildings lined up at Hengli Shipbuilding. The vessels form part of a five-ship order for 306,000 dwt VLCCs announced by the Dalian yard last week, with deliveries scheduled…

  • NYK and Ocean Yield expand LNG carrier series to eight ships

    NYK and Ocean Yield expand LNG carrier series to eight ships Japan’s Nippon Yusen Kaisha (NYK) and Norwegian shipleasing specialist Ocean Yield have bolstered their LNG carrier programme after declaring options for additional newbuildings to serve long-term charters with Cheniere Energy. The partners have doubled their orderbook at HD Hyundai Heavy Industries to eight large…

  • KMTC tied to six HD Hyundai boxships

    KMTC tied to six HD Hyundai boxships Seoul-based liner operator Korea Marine Transport Co (KMTC) has emerged as the owner behind a series of six feeder containership newbuildings booked at HD Hyundai Group yards. Shipbuilding sources say KMTC is the Asian owner behind a KRW 372.4bn ($258m) contract disclosed last week by HD Korea Shipbuilding…

  • Houthis vow to resume attacks following Iranian strikes

    Houthis vow to resume attacks following Iranian strikes With the US and Israel attacking Iran on Saturday, Iranian allies, the Houthis from Yemen, have vowed to resume attacks on commercial shipping in and around the Red Sea, bringing to a close a four-month cessation of violence at sea.  Shipping organisation BIMCO suggested ships with business…

  • Splash Wrap: The world of shipping condensed

    Splash Wrap: The world of shipping condensed Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway.  Last Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally…

  • CMA CGM fills gap between Japan and Europe

    CMA CGM fills gap between Japan and Europe France’s CMA CGM is filling a gap linking the world’s third largest economy with the continent of Europe, launching Ocean Rise Express (OCR), a new weekly direct service linking Japan and South China straight to North Europe, offering what the carrier says are the best transit times…

  • Marinakis tanker spin-off boosts Oslo IPO

    Marinakis tanker spin-off boosts Oslo IPO Capital Tankers Corp has increased the size of its Oslo private placement to $500m after strong investor demand, ahead of a planned listing on Euronext Growth Oslo next month. The tanker owner, backed by Capital Maritime & Trading Corp, said the share sale was multiple times oversubscribed, prompting the…

  • Waiting for the next cycle could sink your shipping strategy

    Waiting for the next cycle could sink your shipping strategy As geopolitics reshapes trade routes and volatility becomes structural rather than cyclical, shipping’s traditional reliance on market recoveries is no longer enough. Eman Abdalla, managing partner of SeaThrew Marine, a maritime investment and advisory platform, argues that discipline, flexibility and risk positioning – not scale…

  • McQuilling buys Spanish broker

    McQuilling buys Spanish broker New York tanker broker McQuilling has bought Madrid-based Medco Shipbrokers for an undisclosed sum, the latest in a period of significant consolidation for the shipbroking sector. “This integration enhances our combined market presence, broadens our service capabilities, and strengthens the value we deliver to clients and counterparties worldwide. By aligning our…

  • Reach Subsea lands Equinor pipeline survey deal

    Reach Subsea lands Equinor pipeline survey deal Norwegian offshore services player Reach Subsea has secured a contract from Equinor, acting on behalf of gas infrastructure operator Gassco, to carry out external inspections on about 3,500 km of subsea pipelines. The work covers a large part of Gassco’s pipeline network in Norwegian waters and along export…

  • Ernst Russ bolsters MPP fleet

    Ernst Russ bolsters MPP fleet Frankfurt-listed Ernst Russ is expanding its presence in the multipurpose segment with the acquisition of two modern heavylift vessels fixed on long-term charters. The Hamburg-based owner has bought the 12,500 dwt MPPs Ronnie and Charlie, both of which will be chartered to dship Carriers for seven years. The ships are…

  • Fire Horse freight frenzy: VLCC markets smash records in supertanker anniversary year

    Fire Horse freight frenzy: VLCC markets smash records in supertanker anniversary year In Chinese culture, 60 years signifies the beginning of a new life, symbolising the rebirth of a person or institution. It also represents five full cycles of the twelve Chinese zodiac signs.  The year 2026 – the Year of the Fire Horse –…

  • Boskalis scores cabling work on German offshore wind farm

    Boskalis scores cabling work on German offshore wind farm Dutch dredging contractor and marine services provider Boskalis, in consortium with TKF Subsea Solutions, has signed a contract for the supply and installation of approximately 140 km of 66 kV inter-array cables for the Gennaker offshore wind farm in the German Baltic Sea. As part of…

  • Hafnia lines up sales of 10 ageing tankers

    Hafnia lines up sales of 10 ageing tankers Product tanker giant Hafnia has confirmed the sale of a batch of older vessels as part of its ongoing fleet renewal drive, validating recent market talk about multiple disposals. The BW Group-backed owner has agreed to sell 10 tankers to external buyers, with the ships currently pending…

  • Eldorado outbids Saipem in drillship sale

    Eldorado outbids Saipem in drillship sale Norwegian rig owner Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300m, after a last-minute higher bid derailed a previously announced deal with Italy’s Saipem. The company had announced earlier this month that it planned to sell the 2014-built ultra-deepwater…

  • Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run

    Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run One of the best-known names in container shipping is stepping back from his frontline role. Jeremy Nixon, who has been CEO of Japanese liner Ocean Network Express (ONE) since it was founded in 2018, will move aside at the start of July,…

  • Lloyd’s Agency Network moves to Lloyd’s List Intelligence

    Lloyd’s Agency Network moves to Lloyd’s List Intelligence Commercial insurance market Lloyd’s will transfer management of the Lloyd’s Agency Network to Lloyd’s List Intelligence (LLI) from April, bringing one of shipping’s longest-running portside information networks under the control of the maritime data provider. The move will see LLI take responsibility for the administration of the…

  • Eidesvik wins PSV extension from Aker BP

    Eidesvik wins PSV extension from Aker BP Norwegian offshore vessel owner Eidesvik Offshore has secured a further contract extension from Aker BP for the platform supply vessel Viking Prince. The 2012-built PSV will remain on hire for about two more months, extending its current contract to the end of April. The latest award follows an…

  • Marinakis spins out tanker arm for $345m Oslo raise

    Marinakis spins out tanker arm for $345m Oslo raise Greece’s Capital Tankers Corp, a tanker owner linked to Evangelos Marinakis-led Capital Maritime & Trading, is preparing to list in Oslo, backed by a large crude tanker orderbook and plans to raise up to about $345m. The Athens-based owner aims to raise the NOK equivalent of…

  • US naval forces board sanctioned Iran-linked tanker in Indian Ocean

    US naval forces board sanctioned Iran-linked tanker in Indian Ocean US naval forces have boarded the Cook Islands-flagged tanker Bertha within the US Indo-Pacific Command Area of Responsibility in the Indian Ocean. The US Department of War stated that forces conducted a “right-of-visit maritime interdiction and boarding” overnight without incident. The Department said on X…

  • UK hits shadow fleet and LNG trades in fresh Russia sanctions push

    UK hits shadow fleet and LNG trades in fresh Russia sanctions push The UK has rolled out its largest sanctions package against Russia since the early months of the war in Ukraine, with oil tankers and LNG shipping among the main targets as London looks to squeeze Moscow’s energy revenues. Nearly 300 entities have been…

  • Orkim secures MR2 charter with Petronas trading unit

    Orkim secures MR2 charter with Petronas trading unit Malaysian tanker owner and operator Orkim has entered into a time charter contract for one of its vessels with Petronas’ trading arm, PETCO Trading Labuan Company. Under the contract, the charter period is for six months commencing from the end of February 2026, with an option to…

  • Maersk and MSC handed temporary running of Hutchison’s Panamanian terminals

    Maersk and MSC handed temporary running of Hutchison’s Panamanian terminals Maersk and Mediterranean Shipping Co (MSC) have moved in to run key terminals at the entrances to the Panama Canal after Panama published a Supreme Court ruling annulling long‑running concessions held by CK Hutchison’s Panama Ports Company (PPC), clearing the way for an immediate handover…

  • SplashTech launches to chart the future of shipping

    SplashTech launches to chart the future of shipping Today sees the launch of SplashTech, a one-stop-shop for all your shipping technology business news well as tech-related updates, giving readers all their shipping technology news in one source. With dedicated social media channels, and a weekly digest, SplashTech delivers all the key news shaping the future…

  • Pistiolis-linked deal adds nine tanker newbuilds to Top Ships pipeline

    Pistiolis-linked deal adds nine tanker newbuilds to Top Ships pipeline New York-listed tanker owner Top Ships has agreed to acquire nine ECO MR product/chemical tanker newbuildings backed by long-term charter employment, in a deal carrying a potential revenue backlog of about $679m. The Greece-based owner said it will acquire 100% of the shares in nine…

  • Trump tariff turmoil clouds transpacific contracting season

    Trump tariff turmoil clouds transpacific contracting season Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway.  On Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally…

  • Celsius seals Samsung Heavy LNG carrier order

    Celsius seals Samsung Heavy LNG carrier order Celsius Tankers, part of Danish owner Celsius Shipping, has placed an order for an additional 180,000 cu m LNG carrier with South Korea’s Samsung Heavy Industries. The deal brings Celsius Tankers’ LNG fleet to 24 vessels, bolstering the company’s ongoing expansion in the segment. Samsung Heavy Industries confirmed…

  • Opposition to ZIM’s sale to Hapag-Lloyd grows

    Opposition to ZIM’s sale to Hapag-Lloyd grows Opposition to Hapag-Lloyd’s planned takeover of Israeli line ZIM is growing, with union protests and the controversial sale debated at the Knesset, Israel’s parliament, yesterday. Hapag-Lloyd unveiled a $4.2bn takeover offer for ZIM a week ago (pictured), in a deal that would carve out a ‘New ZIM’ made…

  • Splash Wrap: ZIM sale tops the agenda

    Splash Wrap: ZIM sale tops the agenda A planned $4.2bn sale of ZIM to Germany’s Hapag-Lloyd sparked protests and a strike in Israel this week. Under the structure outlined, Hapag-Lloyd will acquire ZIM and then carve out its Israeli operations into a separate entity to be controlled by FIMI. The new company, to be known…

  • Denmark detains sanctioned boxship

    Denmark detains sanctioned boxship Denmark’s maritime authority on Thursday detained an Iran-flagged container vessel anchored in Danish waters after determining it was not properly registered. LSEG data identify the ship as Nora, which was initially sailing under a Comoros flag. The Danish authority said Comoros had informed it the vessel was not found in the…

  • IMO counts 529 vessels flying false flags

    IMO counts 529 vessels flying false flags The International Maritime Organization (IMO) secretariat has counted 529 vessels flying false flags, a sprawling fraud problem that will headline the agenda at next month’s legal sub-committee meeting and exposes systemic weaknesses in global ship registration. In a note circulated ahead of LEG 113, the secretariat said the…

  • New Zealand unleashes its largest sanctions package aimed at Russian-linked shipping

    New Zealand unleashes its largest sanctions package aimed at Russian-linked shipping New Zealand on Friday unveiled its largest sanctions package to date, targeting Russia-linked shipping, expanding measures to include 23 individuals, 13 entities and 100 vessels, and lowering the oil price cap for Russian-origin crude to $44.10 per barrel. The announcement comes as the European…

  • Teekay Tankers offloads sole VLCC

    Teekay Tankers offloads sole VLCC Teekay Tankers is pulling out of the VLCC segment, agreeing to sell its only supertanker in a deal that leaves the New York-listed owner focused squarely on suezmax and aframax tonnage. The Kenneth Hvid-led company said it has struck a deal to sell the 2013-built, 318,700 dwt Singapore Spirit —…

  • Navios lines up $134m capesize duo

    Navios lines up $134m capesize duo New York-listed Navios Maritime Partners has moved to expand its dry bulk footprint, lining up two Japanese newbuilding capesizes under long-term bareboat-in arrangements. The Angeliki Frangou-led owner said in its quarterly earnings report it agreed to take the scrubber-fitted vessels from an unrelated third party on 12-year bareboat contracts.…

  • Oregon maps four offshore wind futures, from zero build to 3GW

    Oregon maps four offshore wind futures, from zero build to 3GW The US state of Oregon has unveiled a draft offshore wind roadmap outlining four potential futures off its deepwater west coast, from zero turbines to 3 GW of floating wind, with public input open until April 3. Gestating since June 2024, the Oregon Department…

  • Sinokor now controls one in four compliant VLCCs

    Sinokor now controls one in four compliant VLCCs One in four compliant VLCCs are now controlled by Ga-Hyun Chung-led Sinokor, according to analysis by Norwegian broker Fearnleys, following the Korean company’s dramatic supertanker raid in the S&P and charter markets over the past few months. Fearnleys suggests Sinokor now controls about 25% of the compliant…

  • New head of Poseidon Principles urges banks to keep climate disclosure alive despite US rollback

    New head of Poseidon Principles urges banks to keep climate disclosure alive despite US rollback In a climate of escalating geopolitical tension and a sharp retreat from green legislation in Washington, Paul Taylor, the newly appointed chair of the Poseidon Principles Association, has issued a staunch defence of maritime transparency. Writing on LinkedIn, Taylor, who…

  • Costamare locks in $940m with 12 forward charters

    Costamare locks in $940m with 12 forward charters Greek container tonnage provider Costamare has locked in nearly $1bn in fresh contracted revenues after fixing 12 vessels on a forward basis for periods stretching up to eight years. The Konstantinos Konstantakopoulos-led group said in its quarterly earnings report the new deals will generate about $940m in…

  • DHT VLCC clocks $90,000 a day on one-year deal

    DHT VLCC clocks $90,000 a day on one-year deal A 14-year-old VLCC pulling in $90,000 per day would have raised eyebrows not long ago. In today’s market, it is the latest sign just how tight conditions have become for the world’s largest crude carriers. New York-listed owner DHT Holdings has fixed the 2012-built 320,000 dwt…

  • Finnish roro player Godby books up to four newbuilds in China

    Finnish roro player Godby books up to four newbuilds in China Finland’s Godby Shipping has ordered two roro vessels at CIMC Raffles in China, with options for two more units. The privately owned Åland-based operator, established in 1972, said the order supports its plan to renew the fleet and meet tightening environmental requirements while continuing…

  • United Maritime cashes out of offshore vessel JV

    United Maritime cashes out of offshore vessel JV Nasdaq-listed Greek bulker owner United Maritime has agreed to sell its stake in a Norwegian joint venture developing an energy construction vessel (ECV), locking in a profit as it reshuffles capital. The Stamatis Tsantanis-led spinoff of Seanergy Maritime said it will sell its equity interest for about…

  • Fire claims two lives aboard Singapore-flagged bulker

    Fire claims two lives aboard Singapore-flagged bulker An engine room fire on the Singapore-flagged bulk carrier Mandy has claimed two lives, with a third crewman airlifted to a hospital. The 2010-built bulker, en route from Singapore since February 8, was hit by the blaze at 7:35 pm Singapore time on February 17, just shy of…

  • Seanergy adds two bulkers to newbuild slate

    Seanergy adds two bulkers to newbuild slate US-listed Greek owner Seanergy Maritime has expanded its newbuilding programme, signing for two additional capesize-class vessels at Chinese yards and lifting its total investment in new tonnage to about $226m. The Stamatis Tsantanis-led company, which placed its first-ever newbuilding order in October, has now lined up three large…

  • Performance Shipping seals second try sale of its oldest tanker

    Performance Shipping seals second try sale of its oldest tanker Nasdaq-listed Greek owner Performance Shipping has agreed the sale of its oldest tanker for $35.65m, securing a deal months after an earlier disposal attempt tied to an offshore conversion project fell through. The company has struck a deal with an unnamed buyer for the 2009-built…

  • CLdN takes over Samskip’s UK and Ireland business

    CLdN takes over Samskip’s UK and Ireland business Luxembourg-based shortsea operator CLdN has agreed to acquire the UK and Ireland quay-to-quay and door-to-door freight business of multimodal group Samskip. The deal covers Samskip’s container shipping services linking Rotterdam with the UK ports of Belfast, Blyth, Grangemouth, Hull and Tilbury, as well as the Irish ports…

  • Taylor Maritime chalks up 51st bulker sale

    Taylor Maritime chalks up 51st bulker sale London-listed dry bulk owner Taylor Maritime has agreed the sale of another handysize vessel, taking its total disposals since 2023 to 51 ships. Further details of the latest transaction will be released on completion, the company said in a stock exchange filing. At the same time, the Ed…

  • Almi Marine back in newbuild arena with ultramax pair

    Almi Marine back in newbuild arena with ultramax pair Greek dry bulk player Almi Marine Management has returned to the newbuilding market after a four-year break, booking two next-generation ultramax bulk carriers in China. Managing director Christos Hadjigeorgiou confirmed on social media the company has signed a contract with Nantong Cosco KHI Ship Engineering (NACKS)…

  • SeaLead appoints new chief executive

    SeaLead appoints new chief executive Singapore-based liner operator SeaLead has appointed Cho Kit Wei as its new chief executive officer, promoting the current chief operating officer to the top role from March 2, 2026. Cho, a shipping executive with more than 20 years’ experience, has been with SeaLead since 2021. Before joining the company, he…

  • ZIM sets out terms of $4.2bn Hapag-Lloyd deal, outlines New ZIM carve-out

    ZIM sets out terms of $4.2bn Hapag-Lloyd deal, outlines New ZIM carve-out New York-listed Israeli carrier ZIM Integrated Shipping Services has laid out the full terms of its agreed sale, confirming shareholders will receive $35 per share in cash under a merger deal that values the company at about $4.2bn. The price represents a 58%…

  • Elderly capesize heads for Bangladesh recycling

    Elderly capesize heads for Bangladesh recycling A 2002-built capesize bulker has been reported sold for demolition in Bangladesh, marking the first cape recycling deal of the year. The 176,000 dwt Beihai, a CSBC Kaohsiung-built unit now sailing under the flag of St Kitts & Nevis and managed by Green Ocean Ship Management, has surfaced as…

  • TotalEnergies hires Havila Shipping platform supplier

    TotalEnergies hires Havila Shipping platform supplier Norwegian OSV owner Havila Shipping has secured a contract for one of its platform supply vessels (PSVs) with French energy giant TotalEnergies. According to an Oslo Børs filing, TotalEnergies’s Norwegian arm hired the Havila Herøy platform supplier for a period of 136 days. Havila Shipping added in the statement…

  • Sanctioned LR1 tanker heads for scrap at Alang

    Sanctioned LR1 tanker heads for scrap at Alang A 2004-built, Jamaica-flagged LR1 tanker tied to high-risk trading patterns has been reported sold for recycling, according to market sources.  The 72,700 dwt unit, named Diana, which was sanctioned by the US Treasury’s OFAC in December, has now been tracked as anchored in the demolition zone at Alang…

  • Safe Bulkers banks $35m from capsize sale

    Safe Bulkers banks $35m from capsize sale New York-listed Greek owner Safe Bulkers has sold a 14-year-old capesize as it presses ahead with its fleet renewal programme. The company said it has agreed to dispose of the 2012 Chinese-built Michalis H for $35.2m. Delivery to the new owner is scheduled within the first quarter of…

  • Hapag-Lloyd closes in on Zim takeover

    Hapag-Lloyd closes in on Zim takeover Germany’s Hapag-Lloyd has confirmed it is in advanced negotiations to acquire all shares in Israeli rival Zim Integrated Shipping Services in a deal reported to be worth up to $3.7bn. In a brief statement, the Hamburg-based carrier said no binding agreement has yet been signed and that approvals from…

  • Precious Shipping diversifies with MR tanker acquisition

    Precious Shipping diversifies with MR tanker acquisition Thailand’s Precious Shipping has made its first move into the tanker sector with the acquisition of a medium-range product tanker as it looks to diversify beyond dry bulk. The Bangkok-listed owner said its wholly owned Singapore subsidiary, Precious Horizon, has agreed to buy the 2006-built MR tanker Florence…

  • Maersk and Eurogate line up $1.2bn overhaul for Bremerhaven

    Maersk and Eurogate line up $1.2bn overhaul for Bremerhaven Maersk’s port operating arm, APM Terminals, and Germany’s Eurogate are in advanced talks over a long-term partnership that would see €1bn ($1.2bn) invested in upgrading the North Sea Terminal Bremerhaven (NTB). APM Terminals already works alongside Eurogate at the facility. The new investment plan aims to…

  • Sulayem ousted at DP World over Epstein links

    Sulayem ousted at DP World over Epstein links Dubai-headquartered terminal operator DP World moved to replace one of the ports sector’s most recognisable figures on Friday after newly released US Department of Justice files tied CEO and chairman Sultan Ahmed bin Sulayem to the child sex offender Jeffrey Epstein. The Dubai‑based logistics group announced Essa…

  • CK Hutchison warns Maersk off Balboa and Cristobal

    CK Hutchison warns Maersk off Balboa and Cristobal Hong Kong terminal operator CK Hutchison has escalated its fight over two Panama Canal terminals by warning A.P. Moller‑Maersk that any attempt by APM Terminals to assume operations without Hutchison’s consent would trigger legal recourse and claims for damages. In a public update, Hutchison said it had…

  • Halten Bulk doubles down on low-emission shortsea shipping

    Halten Bulk doubles down on low-emission shortsea shipping Norwegian shortsea specialist Halten Bulk has signed contracts for up to four 7,100 dwt self-discharging bulk carriers at Jiangsu Soho Marine Heavy Industry. The vessels will be built to the Norwegian Ship Design Company’s NSD 105CC design and fitted with rotor sails as part of a package…

  • Diana scores rate boost with NYK bulker deal

    Diana scores rate boost with NYK bulker deal Diana Shipping has secured improved employment for one of its post-panamax bulkers, fixing the 87,146 dwt Phaidra to Japan’s Nippon Yusen Kaisha (NYK). The New York-listed Greek owner said the 2013-built ship has been chartered at $14,500 per day, minus a 5% commission, for a period running…

  • Maran Dry returns to newbuilds with capesize order at Hengli

    Maran Dry returns to newbuilds with capesize order at Hengli Maran Dry Management has re-entered the newbuilding market, lining up a series of capesize bulk carriers at China’s Hengli Heavy Industry. The bulker arm of the Angelicoussis Shipping Group, led by Maria Angelicoussis, has contracted four firm capesize vessels at the Dalian yard, with options…

  • UK shipping warns ETS extension risks backfiring

    UK shipping warns ETS extension risks backfiring The UK shipping industry has stepped up its criticism of government plans to extend the UK Emissions Trading Scheme (UK ETS) to domestic maritime from July 1, 2026, warning that the policy could raise costs, hit island communities and undermine competitiveness without delivering meaningful emissions cuts. The Draft…

  • Scorpio Tankers lifts Dalian LR2 order to four ships

    Scorpio Tankers lifts Dalian LR2 order to four ships Scorpio Tankers has declared options for two more scrubber-fitted LR2 product tankers at China’s Dalian Shipbuilding Industry Co, doubling its order at the yard to four vessels. The New York-listed owner revealed the move alongside its fourth-quarter 2025 earnings, confirming that the two option ships are…

  • AD Ports backs new dry bulk hub in Cameroon

    AD Ports backs new dry bulk hub in Cameroon AD Ports Group has joined a 30-year concession to develop and operate a new dry bulk terminal at the Port of Douala in Cameroon, deepening its footprint in West and Central Africa. The Abu Dhabi-based operator is partnering with Africa Ports Development (APD) on the project,…

  • Jinhui adds to ultramax orderbook with New Dayang brace

    Jinhui adds to ultramax orderbook with New Dayang brace Jinhui Shipping and Transportation is adding further depth to its ultramax newbuilding programme, booking two more bulk carriers in China as part of an ongoing fleet renewal drive. The Oslo-listed, Hong Kong-based owner said two wholly owned subsidiaries have signed shipbuilding contracts with Sumec Marine and…

  • Euroseas extends feeder charter at higher rate

    Euroseas extends feeder charter at higher rate Nasdaq-listed Euroseas has secured a new time charter for one of its feeder containerships, locking in a higher rate in what it describes as a firm feeder market. The 2007-built 1,740 teu EM Spetses has been fixed for a minimum of 22 months and up to 24 months…

  • Fednav returns to Oshima for new handysize series

    Fednav returns to Oshima for new handysize series Canadian dry bulk owner and operator Fednav is heading back to Japan for a new series of handysize bulkers, marking its latest move in the newbuilding market. The Montreal-based company has signed a letter of intent with Oshima Shipbuilding for four 35,000 dwt lakers, with deliveries scheduled…

  • Capital orders 11 VLCCs in China

    Capital orders 11 VLCCs in China Greek shipowner Evangelos Marinakis is stepping up his tanker expansion, with Capital Maritime and Trading signing contracts for 11 VLCC newbuildings at China’s Hengli Heavy Industry. The order forms part of a wider package disclosed by Songfa Ceramics, the parent company of the Dalian-based shipbuilder, covering 15 VLCCs of…

  • Transocean adds $184m backlog through two semisub extensions

    Transocean adds $184m backlog through two semisub extensions Swiss-based offshore drilling giant Transocean has secured new deals for two of its harsh-environment semisubmersibles in Norway. The offshore driller said that the 2015-built Transocean Encourage was awarded a seven-well contract extension. The rig is currently working for an undisclosed operator in Norway. The contract is supposed…

  • MISC wins contract to supply first-ever Papua New Guinea FSO

    MISC wins contract to supply first-ever Papua New Guinea FSO Malaysia’s MISC has secured a bareboat charter deal with ExxonMobil to supply Papua New Guinea’s first offshore floating storage and offloading (FSO) unit. The 15-year firm contract carries an option for ExxonMobil’s Papua New Guinea arm to extend another 15 years. Operations will kick off…

  • Dark fleet expansion looms as EU seeks to cut maritime lifelines for Russian oil

    Dark fleet expansion looms as EU seeks to cut maritime lifelines for Russian oil Russia’s shadow tanker fleet faces greater pressure, although it is forecast to rise in numbers, if the European Commission’s proposed a 20th sanctions package gets voted through later this month.  Europe plans to scrap the crude oil price cap and replace…

  • Sinokor becomes the world’s ‘super operator’ of supertankers

    Sinokor becomes the world’s ‘super operator’ of supertankers Sinokor’s stunning raid in the tanker markets over the past two months is making the Korean shipowner the largest operator of VLCCs in the world.  Sinokor’s recent purchase of potentially over 50 secondhand VLCCs, plus the company’s securing of a significant volume of tonnage under time charter,…

  • Dynacom steps up suezmax expansion with nine Hengli newbuilds

    Dynacom steps up suezmax expansion with nine Hengli newbuilds George Procopiou is pressing ahead with his tanker expansion, placing an order for nine suezmax newbuildings at China’s Hengli Shipbuilding. According to a stock exchange filing by Songfa Ceramics, the parent company of Hengli Shipbuilding, Dynacom Tankers Management has secured nine of the ten 158,000 dwt…

  • TGS expands Gulf of Mexico footprint with new OBN campaign

    TGS expands Gulf of Mexico footprint with new OBN campaign Oslo-listed seismic data specialist TGS, in strategic collaboration with SLB, has announced the launch of Engagement 9, the latest phase of its ocean bottom node multi-client campaign in the Gulf of Mexico. Engagement 9 covers 161 OCS blocks in the Walker Ridge protraction area, one…

  • Cadeler arm wins Taiwan offshore wind O&M contract

    Cadeler arm wins Taiwan offshore wind O&M contract Cadeler’s service arm, Nexra, has signed a firm contract for an operations and maintenance campaign in Taiwan. The contract with an undisclosed client is expected to exceed €20m ($23.7m) and will be executed across two offshore wind farms in Taiwan. The campaign will commence in March 2026,…