Splash 24/7

Danish product tanker giant Torm has been linked to an order for up to eight MR newbuildings at China’s Zhoushan Changhong International Shipyard. Shipbroking sources are reporting a deal covering …

Greek owner Minerva Dry has returned to China’s Hengli Heavy Industries for another series of containership newbuildings, adding to a rapidly growing boxship orderbook. The Andreas Martinos-led company has booked …

Greek tanker owner Arcadia Shipmanagement has added three aframax/LR2 newbuildings at China’s Hengli Heavy Industries, taking its tanker orderbook to nine ships. The Panagiotis and George Angelopoulos-led company has signed …

The US Department of the Interior has proposed a rule through the Marine Minerals Administration to modernise and refine federal regulations governing exploratory oil and gas drilling on the Arctic …

South Korea’s CK Line has returned to China’s Huangpu Wenchong Shipbuilding with an order for up to four containerships, extending a relationship that began with a pair of feeder vessels …

A seafarer is reported missing after a Greek-operated bulk carrier was struck by an unidentified projectile while sailing northbound through the Strait of Hormuz, the latest merchant ship casualty in …

Eidesvik Offshore and Reach Subsea have signed a memorandum of understanding to sell the jointly owned IMR vessel Viking Reach to an unnamed client. Eidesvik Reach, the joint venture that …

Greek owner DryDel Shipping has secured long-term employment for all four of its capesize newbuildings, fixing the vessels to Japan’s K Line years before they are due for delivery. The …

State-owned Shipping Corporation of India (SCI) has launched a global tender for up to six 8,000 teu containerships in a programme worth an estimated $720m as New Delhi steps up …

Three seafarers have been seriously injured after the Turkish-owned roro Nadezhda was struck by a drone close to Russia’s Black Sea port of Novorossiysk, the latest merchant ship casualty in …

Dr Raymon Krishnan, president of Singapore’s Logistics & Supply Chain Management Society, writes for Splash today. The logistics industry has always evolved in response to disruption. Whether it was globalisation, …

Eyal Ofer’s Zodiac Maritime has completed its first capesize disposal of the year, with brokers telling Splash the company has secured a record price for a vintage vessel. No taker …

Mediterranean Shipping Co (MSC) is suing US vehicle logistics specialist CargoLoop for around $273,000 after alleging that improperly secured electric vehicles caused an onboard fire during a voyage from California …

Turkish tanker owner Ditaş has been linked to a second suezmax newbuilding deal in a week, taking its South Korean orderbook to four ships worth more than $370m. Samsung Heavy …

Aberdeen & Grampian Chamber of Commerce (AGCC) has urged ministers to deliver swift approvals for the Jackdaw and Rosebank developments, warning that the UK’s energy industry cannot afford further uncertainty …

New York-listed Greek owner Costamare Bulkers has agreed to sell the oldest vessel in its owned fleet as it continues to clear out ageing tonnage. The Gregory Zikos-led company is …

UK-based offshore vessel operator North Star has lined up £275m ($370m) of new debt financing to back the next phase of expansion in its offshore wind fleet across the UK …

New York-listed Navigator Gas has secured $121.8m in financing for two ammonia-fuelled gas carrier newbuilds being developed with Norway’s Amon Maritime. The funding covers up to around 70% of the …

The Maritime Association for Clean Seas (MACS) has launched a set of procurement guides aimed at helping shipping companies cut unnecessary plastic use before it enters vessel operations. Developed by …

India has approved an investment programme worth up to 840.84bn rupees ($8.8bn) to accelerate offshore oil and gas exploration over the next five years. The National Offshore Exploration Scheme will …

Tanker asset values remain red hot as sale and purchase activity accelerates heading into August. Brokers are reporting renewed momentum in the tanker sale and purchase market, with deals emerging …

Tor Olav Trøim-backed Himalaya Shipping has switched two of its newcastlemax bulkers from index-linked employment to fixed-rate charters averaging $51,200 per day. The five-month cover runs from August 1 through …

Finnish dry bulk operator ESL Shipping is being lined up for a standalone listing on Nasdaq Helsinki after parent Aspo approved a partial demerger plan. Under the proposal, Aspo’s 78.6% …

Merchant shipping remains exposed across the Middle East’s two principal maritime chokepoints, with fresh threats and explosions reported in the Strait of Hormuz even as Washington claims another round of …

Japanese oil and gas major Inpex has signed a framework agreement with Australian offshore engineering company Worley for support on its operations in Australia. Under the agreement, Worley will provide …

Hungary’s MOL has signed an agreement to acquire BG Cyprus, a 100% subsidiary of supermajor Shell, which holds a 35% non-operated interest in the Aphrodite gas field in the eastern …

Oslo-listed semisub player Odfjell Drilling has announced that its Deepsea Atlantic rig has returned to operations following a blowout preventer incident back in April. The incident occurred on April 18 …

Ukraine has widened its campaign against Russia-linked commercial shipping, sinking a FESCO containership, striking a Greek-owned tanker and hitting three refineries nearly 1,600 km inside Russia. President Volodymyr Zelenskyy said …

Shanghai has pushed its daily container throughput above 200,000 teu for the first time, setting another handling record at the world’s busiest boxport. The port moved 203,881 teu on August …

Seafarers are losing faith in an industry that imposes ever more training, technology and compliance while leaving their physical safety largely to chance. Steven Jones, founder of the Seafarers Happiness …

Containerlines have sharply increased their reliance on owned ships during the 2020s, reducing their exposure to a charter market repeatedly constrained by limited vessel availability. According to Sea-Intelligence, global carriers …

An Italian-led European Union naval mission has boarded a sanctioned tanker linked to Russia’s shadow fleet in international waters west of Sicily, the second such operation in less than two …