Splash 24/7

Japan’s Mitsui O.S.K. Lines (MOL) has announced that a cargo transfer vessel (CTV) owned by one of its subsidiaries will be shared by the Brazilian arms of TotalEnergies and Shell. …

John Fredriksen’s Frontline has confirmed the disposal of its oldest suezmax tanker. The New York- and Oslo-listed owner said the 2011-built, scrubber-fitted Front Brage has been sold for $36.4m, with …

Adani-owned offshore service provider Astro Offshore has entered the PSV segment after the acquisition of two vessels from India’s Alphard. The acquisition of two modern platform supply vessels, built in …

SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has been awarded an EPC contract by Equinor for a 12-well, all-electric subsea production system for the Fram …

The Australian government has awarded three preliminary feasibility licences for offshore wind projects in Western Australia’s Bunbury zone. The Bunbury zone is located south of Perth and was declared in …

US-based dry bulk owner Genco Shipping & Trading has handed chief executive John Wobensmith the additional role of chairman, following the retirement of long-serving board chair James Dolphin. The New …

Red ink is forecast to splatter across the balance sheets of containerlines in the final quarter of the year despite the Shanghai Containerized Freight Index (SCFI) snapping its more than …

Britain, France and Germany have triggered a 30-day process to reimpose United Nations sanctions on Iran, a move that threatens to shake up tanker markets. The so-called snapback mechanism, launched …

The fire-damaged Wan Hai 503 is being towed across the Arabian Sea toward the Middle East after spending nearly 11 weeks stranded without a port of refuge, following rejections from …

Baltimore’s shipping traffic was disrupted for nearly a week after an explosion on a fully laden coal carrier in the Patapsco River forced the recovery of a massive 30-ton hatch …

Shipbuilding has become a central part of trade diplomacy in the Trump era. As well as a customised gold putter, it was noticeable that the Korean president, Lee Jae Myung, …

Denmark-based Mibau Stema Group has signed up for two new self-unloading bulk carriers at Chengxi Shipyard in China. These newbuilds will be constructed to be biofuel- and methanol-ready as part …

Antwerp-based CMB.TECH has agreed to sell its 2010-built suezmax Sofia for a net price of $40.1m, generating a gain of about $20.4m. Delivery to the undisclosed buyer is expected in …

France’s CMA CGM is lining up another round of ultra-large containerships as part of its fleet expansion push, with industry sources pointing to a fresh deal in China. Shipbrokers said …

Dar Al-Handasah Consultants Shair and Partners Holdings, also known as Sidara, has lowered its offer for the takeover of the UK consulting and engineering firm Wood. After declining several offers, …

Singapore shipyard group Seatrium has won a contract to upgrade Golar’s Hilli Episeyo FLNG unit. The project involves technical modifications for the FLNG’s redeployment. The unit is scheduled to enter …

Greek family-run Bright Navigation, founded in 2008, has been steadily growing in the dry bulk sector. Sales registers show that the company has now acquired the 2013-built, 81,700 dwt kamsarmax …

Indonesian miner Geo Energy Resources is to buy 51% stakes in two local shipping firms – Trans Maritim Pratama (TMP) and Bahari Segara Maritim (BSM) – which combined own 27 …

India has unveiled a $1trn investment plan to drive growth across ports, shipping and logistics, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said at an ambassadors’ conclave in …

Offshore engineering and services player Subsea 7 has been awarded a contract by the Turkish Petroleum Offshore Technology Centre for work on the Sakarya field. The project was awarded for …

Offshore jackup rig player Borr Drilling has secured three new contracts for two of its units. In the North Sea, the 2013-built Prospector 1 has received separate binding letters of …

V.Ships pleaded guilty yesterday at a court in Texas to violating the Act to Prevent Pollution from Ships and was sentenced to pay a $2m fine. V.Ships admitted that oily …

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the holding company of the HD Hyundai shipbuilding empire, has provided more details of the decision to merge its two flagship yards. …

Höegh Autoliners has placed a landmark order for ammonia-burning Everllence B&W ME-LGIA engines – the first of this new fuel type to propel any car carrier in the world. Four …

Norwegian offshore vessel owner DOF has secured a long-term charter for the construction support vessel (CSV) Skandi Inventor in the Asia-Pacific region. The deal, signed with an unnamed international operator, …

Himalaya Shipping is continuing its shift from index-linked earnings, converting two more newcastlemaxes to fixed-rate charters. The Tor Olav Troim-backed, Oslo-listed owner said the vessels will move onto fixed hire …

South Korea’s HD Hyundai Heavy Industries has rolled out plans to merge with its affiliate HD Hyundai Mipo Dockyard by the end of the year, aiming to strengthen its position …

COSCO has moved ahead with a $360m sale-and-leaseback agreement involving one of the world’s largest LNG carriers, extending its ties with Japan’s Mitsui OSK Lines (MOL). COSCO Shipping Development, the …

Drydocks World has landed a milestone contract from Amigo LNG to deliver what will become the world’s largest floating LNG facility off Mexico. The DP World-owned yard will convert two …

The trial has kicked off in Helsinki for the captain and two officers of the Russian-linked oil tanker Eagle S, accused of dragging its anchor across the seabed and severing …

Danish fund manager Copenhagen Infrastructure Partners (CIP) has signed a joint development agreement with Petrovietnam to develop offshore wind projects. The agreement, signed with CIP’s CI GMF II Cooperatief UA …

Norwegian floating offshore wind specialist Odfjell Oceanwind has bought Ørsted`s 80% stake in the Salamander floating wind farm. The other two shareholders in the project, Simply Blue Group and Subsea7, …

Greek tanker newcomer Venergy Maritime has doubled its orderbook at K Shipbuilding in South Korea, exercising options for two additional MR product carriers. The Vyron Vasileiadis-led company confirmed the deal …

Hanwha Group has unveiled a $5bn expansion plan for Hanwha Philly Shipyard as well as ordering 10 tankers to be built in Philadelphia, in a landmark moment for Korea-US industrial …

International Seaways has secured fresh financing to back its fleet renewal programme, tying up a credit deal worth up to $331.6m for six LR1 product carrier newbuildings in South Korea. …

Shipping has not lost what Albrecht Grell describes as its “pragmatic scepticism”, but, says the managing director of OceanScore, this should be viewed as something that is healthy considering the …

Norwegian offshore seismic vessel player Shearwater Geoservices has been awarded contracts for OBN surveys by Tullow Oil and ExxonMobil in Africa. Tullow hired Shearwater for deepwater OBN work in Ghana’s …

Mitsubishi Corp has announced that it will withdraw from three offshore domestic wind farm projects due to a “significantly changed” business environment. In 2021, a consortium led by Mitsubishi was …

Oceanbird, a joint venture created in December 2021 by Alfa Laval and Wallenius Lines, has demonstrated a wing sail at an event in southern Sweden. The 40-metre-high rigid wing rose …

Maritime and agritech are not two words that tend to go together. Until now. Step forward, Oren Saar and his firm Agwa, bringing fresh produce to seafarers around the world …

The past few months have been a period of analysing the implications of different sets of regulations for emissions reduction in the maritime industry. Shipping has already started navigating through …

The quietest August for sales of secondhand ships this decade with deals for tankers particularly off the boil. Clarksons tallies a total of 262 tankers of a combined 28.5m dwt …

Tankers The oil market is once again caught between contrasting narratives, with the International Energy Agency (IEA) warning of an “ever more bloated market” while OPEC projects a far more …

Peak season this year came early and is for sure past us now. ZIM CEO Eli Glickman put into words what all liner execs feel when he said that he …

As with oil, so with iron ore. Chinese buyers have been hoovering up cheap supplies even as domestic consumption continues to fall. Chinese buyers and miners have supported the Pacific …

As US president Donald Trump works to bring the Ukraine war to an end, oil markets have been struggling with increased levels of geopolitical risk to attach to oil prices …

One of the world’s most famous names in shipping has disappeared following a shareholder vote in Bermuda. Golden Ocean Group, originally founded in 1978 by Fred Cheng before being sold …

West Africa is going through a maritime transformation, the likes of which we have not witnessed, I’d argue, since China in the 2000s. Whether its containers, dry bulk or tankers, …

The smaller the ship, the older it tends to be appears to be the way the global merchant fleet is progressing in the 2020s. The latest fleet and orderbook snapshot …

US-based maritime software company OrbitMI has acquired Swedish advisory firm Gale Force, expanding its portfolio in voyage optimisation and environmental compliance. The deal follows OrbitMI’s recent purchase of AI specialist …