Splash 24/7

Maersk has confirmed orders for 26 large containerships, ending days of speculation over a major fleet expansion programme. The Danish carrier said on Friday that all 26 ships will have …

US inland marine operator Turn Services has completed its acquisition of St. John Fleeting and its affiliated companies, expanding its barge operations on the Lower Mississippi River. The deal gives …

Iran’s Revolutionary Guards said on Friday they had struck the Togo-flagged product tanker Trend after what Tehran described as an “illegal” attempt to transit Hormuz outside its approved passage system. …

The Dali casualty has become the largest single loss in the history of the P&I market, with reserves now exceeding $2.8bn and the claim reaching a layer of the International …

German transmission system operator 50Hertz and Neptun Smulders Offshore Renewables have signed a contract to build an offshore converter station for the LanWin3 offshore grid connection project in the North …

INEOS has started commercial operations at Greensand, the EU’s first full-scale carbon storage facility, opening a new offshore route for European industry to permanently store captured CO2 beneath the North …

Croatia has selected Turkey’s Kuzey Star Shipyard to take control of Uljanik Brodogradnja 1856, moving the historic Pula shipbuilding operation closer to private ownership after years of state-backed restructuring. The …

US infrastructure investor Tallvine Partners has completed the acquisition of substantially all of Crosby Enterprises’ assets, adding more than 150 tugboats, dredges and support vessels to its rapidly expanding North …

The most extraordinary numbers this week came from tankers, where the Baltic Exchange’s Middle East Gulf-China VLCC benchmark broke through the equivalent of $1m a day for the first time. …

Greek tanker newcomer Akrotiri Tankers is making its first move into gas shipping, ordering two very large ammonia carriers at China’s New Times Shipbuilding. Greek shipbuilding market sources say the …

Integration, trust, talent and the stubborn difficulty of proving what digitalisation is actually worth. The latest chapter from our new SplashTech magazine. Shipping has become good at running digital pilots. …

Shipping people have long memories, and that might be the simplest explanation for why today’s extraordinary market feels nothing like the last great supercycle. Anyone who lived through the heady …

Turkey has presented Russia and Ukraine with a draft proposal aimed at ending attacks on commercial vessels in the Black Sea, the latest attempt to contain a maritime conflict that …

Nippon Yusen Kaisha (NYK) and its Japanese partners have completed what they claim is the world’s first ship-to-ship ammonia bunkering operation involving an ammonia-fuelled vessel. The operation took place on …

Dutch chartering company Transito has launched a new service combining sea freight and inland shipping under one contract, as low water levels and other disruptions put more pressure on cargo …

The Port of Huelva has awarded a 50-year concession to ZAL Huelva for the construction and operation of a new logistics zone at Punta del Sebo, advancing a project the …

Geneva-based Advantage Tankers has been linked to another pair of suezmax newbuildings at Samsung Heavy Industries, doubling up at the South Korean yard as its tanker ordering spree continues. Shipbroking …

Saudi Arabia’s Bahri has completed a SAR986.3m ($263m) refinancing with BNP Paribas and the National Bank of Greece, marking the shipping group’s first unsecured international bank financing. The National Shipping …

New York-listed Diana Shipping has secured a sizeable rate increase for another of its kamsarmax bulkers, fixing the Astarte to Aquavita International at $17,000 per day. The 2013-built, 81,513 dwt …

South Korea is putting fresh financial muscle behind its Arctic shipping drive, with the Korea Ocean Business Corporation launching a KRW120bn ($87m) annual investment programme for icebreakers and ice-class commercial …

The Philippines is moving to overhaul regulation of its shipbuilding and ship repair sector, targeting a one-stop shop and simplified approval process as Manila looks to make domestic yards more …

Belgium’s Exmar has secured a 10-year floating LNG infrastructure deal in Ivory Coast, reviving plans for an import terminal at Abidjan that have been on the drawing board for a …

China United Lines (CULines) is making a sizeable jump up the containership ladder, ordering two 14,000 teu vessels at Hudong-Zhonghua Shipbuilding just months after returning to the newbuilding market. The …

Shipping’s move away from fossil fuels will remain limited unless carbon pricing rises dramatically, according to a new study from the Global Centre for Maritime Decarbonisation and Boston Consulting Group. …

Vattenfall and Copenhagen Infrastructure Partners have appointed EEW Special Pipe Constructions to manufacture 69 monopile foundations for the first 1GW phase of the Zeevonk offshore wind project in the Dutch …

Vineyard Wind and GE Vernova have reached a settlement ending their legal fight over the 806MW offshore wind project off Massachusetts. Under the “amicable settlement”, GE Vernova has withdrawn a …

Washington wants to bring the copper supply chain home, but the result could be record refined imports in one direction and US-mined concentrate heading back out to sea in the …

China has emerged as an unlikely beneficiary of the disruption to Middle Eastern dry bulk trades, with soaring limestone exports helping fill a hole left by the collapse in Persian …

Jan Mattsson, the chairman of Everimpact, makes his Splash debut today. For many years, estimating emissions was sufficient for the shipping industry. Fuel consumption was recorded, standard emissions factors were …

Bower Offshore has bought the Songa Commander platform supply vessel from Blystad Group. The company, previously known as Remøy Shipping and rebranded after Saudi Arabia’s Zamil Offshore Services Company acquired …

The US House has voted to overturn California’s stringent at-berth emissions regulations for oceangoing ships, setting up another federal clash over the state’s ability to impose tougher environmental standards than …

AI will not make seamanship obsolete. It will make human judgement more valuable, as tomorrow’s crews learn to interrogate data, challenge automation and take control when increasingly intelligent systems get …

With just seven days to go until the inaugural Splash Singapore, shipowners, managers, charterers, technology leaders and investors are preparing to gather at the Fairmont Singapore for a day built …

Germany has relaxed one of the more restrictive crewing requirements among major European maritime nations, allowing non-EU nationals to serve as masters and senior officers aboard German-flagged ships. An amendment …

Shipping’s alternative fuel debate has acquired a useful new reference point with an important fuel body completing lifecycle assessments of LNG, ammonia and now methanol — and the clearest conclusion …

South Korea’s Wooyang Shipping has ordered four newcastlemax bulk carriers at China’s New Times Shipbuilding for long-term employment with Brazilian mining giant Vale. The 210,000 dwt ships are scheduled for …

Houston-headquartered energy services giant Halliburton has won a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development off Cyprus. Under the contract, Halliburton will deliver integrated …

CMA CGM has emerged as the likely liner behind plans for another dozen 24,000 teu megamax containerships at China’s Yangzijiang Shipbuilding in a programme potentially worth around $3bn, as rival …

A new study by ShipIn Systems and marine insurer NorthStandard has found that maritime accident risk is heavily concentrated within a relatively small part of the fleet. Its analysis indicates …

General average has been declared on the fire-hit containership CMA CGM Petra, with cargo interests now required to provide security before their containers can be released. CMA CGM informed customers …

George Procopiou’s Dynagas has been linked to a four-ship LNG carrier order at Samsung Heavy Industries worth around KRW1.41trn ($1.05bn), extending a rapid newbuilding push across the Greek shipowner’s wider …

Hafnia has doubled down on its investment in Torm, agreeing to spend $145.1m on another 4.5m shares in the Danish product tanker giant and lifting its holding to 18.22%. The …

PetroVietnam Technical Services Corporation (PTSC) has received a letter of award from QatarEnergy for an EPIC package on the Maydan Mahzam redevelopment project. QatarEnergy awarded the contract to PTSC Marine …

Offshore contracting giant TechnipFMC has been awarded an integrated engineering, procurement, construction, and installation (iEPCI) contract by Petronas Carigali for the Limbayong deepwater project offshore Malaysia. The contract for work …

The Oslo- and New York-listed offshore driller Borr Drilling has won a new contract and an extension for two of its rigs. The 2013-built jackup Idun won a contract with …

Swiss-based offshore drilling giant Transocean has won drillship work in Equatorial Guinea with an undisclosed operator. Transocean said it was awarded a two-well contract for its 2016-built drillship Deepwater Conqueror. …

The capesize market is enjoying one of its strongest runs in years, but a growing number of shipping analysts are starting to question the health of the commodity complex underpinning …

China has opened the 134.2 km Pinglu Canal, creating a new river-to-sea artery from the country’s southwest directly to the Beibu Gulf and potentially redrawing inland freight flows towards Southeast …

Maersk has overtaken COSCO to become the largest operator in the fiercely competitive intra-Asia container market, the world’s largest container trade, according to the latest fleet survey from Alphaliner. The …

KeelX, the focus of this week’s Maritime CEO, grew out of shipowner Lemissoler’s attempt to solve its own operational frustrations: plenty of vessel data and software, but still too much …