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Global Maritime and Shipping News
Site URL: splash247.com/
Feed URL: splash247.com/feed
Posts: 121
Followers: 1
United European Car Carriers lifts newbuild tally to four
https://splash247.com/united-european-car-carriers-lifts-newbuild-tally-to-four/
Published: March 3, 2026 17:10
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…
Wallenius Wilhelmsen seals $190m contract renewal
https://splash247.com/wallenius-wilhelmsen-seals-190m-contract-renewal/
Published: March 3, 2026 09:46
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…
3,200 ships caught up in Hormuz paralysis
https://splash247.com/3200-ships-caught-up-in-hormuz-paralysis/
Published: March 3, 2026 08:45
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…
Zurich buys rival insurer Beazley
https://splash247.com/zurich-buys-rival-insurer-beazley/
Published: March 3, 2026 07:04
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…
Naftomar tied to suezmax deal as rates break the $300,000 mark in the Persian Gulf
Published: March 3, 2026 06:55
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…
When freight fraud becomes a service
https://splash247.com/when-freight-fraud-becomes-a-service/
Published: March 3, 2026 06:43
Wolfgang Lehmacher tells readers about a hacking group called Diesel Vortex. A little-known cyber group dubbed Diesel Vortex shows how freight fraud is becoming a repeatable service. Researchers describe a Russian-speaking operation that stole more than…
Union Maritime bulks up with first newcastlemax newbuilds
https://splash247.com/union-maritime-bulks-up-with-first-newcastlemax-newbuilds/
Published: March 3, 2026 06:29
Diversified UK owner Union Maritime has been linked to its first newcastlemax bulker order, with brokers reporting a provisional deal in China for up to four 215,000 dwt vessels. Newbuilding sources said the Laurent Cadji-led company has signed up at…
Performance Shipping orders suezmax pair in China
https://splash247.com/performance-shipping-orders-suezmax-pair-in-china/
Published: March 3, 2026 05:02
Nasdaq-listed Greek tanker owner Performance Shipping has signed contracts in China for two suezmaxes, expanding its presence in the crude segment. The Andreas Michalopoulos-led company has selected Shanghai Waigaoqiao Shipbuilding for the construction of…
Asso.subsea lines up another newbuild at China Merchants shipyard
https://splash247.com/asso-subsea-lines-up-another-newbuild-at-china-merchants-shipyard/
Published: March 3, 2026 02:30
Greek offshore contractor Asso.subsea has exercised an option at China Merchants Heavy Industry’s Shenzhen yard for the construction of a second next-generation trenching support vessel (TSV). The new vessel, to be named Andromeda, will be a sister ship to…
MISC lifts Hudong-Zhonghua LNG series
https://splash247.com/misc-lifts-hudong-zhonghua-lng-series/
Published: March 2, 2026 17:17
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…
BAL parent LC Logistics books $236m boxship duo
https://splash247.com/bal-parent-lc-logistics-books-236m-boxship-duo/
Published: March 2, 2026 17:00
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…
Navigator fixes newbuild financing
https://splash247.com/navigator-fixes-newbuild-financing/
Published: March 2, 2026 13:16
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…
Radziwill’s CTM adds firepower with new investors
https://splash247.com/radziwills-ctm-adds-firepower-with-new-investors/
Published: March 2, 2026 11:15
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…
Brazilian OSV giants OceanPact and CBO to merge
https://splash247.com/brazilian-osv-giants-oceanpact-and-cbo-to-merge/
Published: March 2, 2026 11:00
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…
Boa Offshore to transport Ithaca’s decommissioned assets
https://splash247.com/boa-offshore-to-transport-ithacas-decommissioned-assets/
Published: March 2, 2026 10:40
Decommissioning specialist AF Offshore Decom has awarded a contract to Norway’s Boa Offshore for two float-on and load-in operations. The contract is for Ithaca Energy’s FSU Alba and the floating production platform FPF-1. Both units will be dismantled and…
Energy Drilling founder Marcus Chew to step down as CEO
https://splash247.com/energy-drilling-founder-marcus-chew-to-step-down-as-ceo/
Published: March 2, 2026 10:15
Marcus Chew, founder and CEO of Singapore’s tender drilling rig specialist Energy Drilling, will step down from his role and will take on the position of executive chairman. Luc Plouzennec, currently the VP of operations and marketing, will take over as…
Iran attacks send shipping into chaos
https://splash247.com/iran-attacks-send-shipping-into-chaos/
Published: March 2, 2026 06:36
Following the most dangerous weekend for commercial shipping in the Middle East this century, the industry is giving the region a wide berth this week as missiles fly, and ships and ports are hit. The US and Israel went to war with Iran on Saturday,…
VLCC resales outprice newbuilds by record $39.5m
https://splash247.com/vlcc-resales-outprice-newbuilds-by-record-39-5m/
Published: March 2, 2026 05:40
Resales of super hot VLCCs now command the greatest premium over newbuilds in the 60-year history of the supertanker, according to data from Clarksons Research. Benchmark TD3C earnings have surged to above $200,000 a day, a level not seen since May 2020,…
Mainstay Maritime to sell Canadian Lower Lakes arm and six ships to Algoma
https://splash247.com/mainstay-maritime-to-sell-canadian-lower-lakes-arm-and-six-ships-to-algoma/
Published: March 2, 2026 05:08
America’s Mainstay Maritime has agreed to sell its three Canadian operating companies and six Canadian‑flagged vessels to Algoma Central Corporation. The deal transfers Lower Lakes Towing and associated entities along with the Kaministiqua, Manitoulin,…
France and Belgium capture product tanker
https://splash247.com/france-and-belgium-capture-product-tanker/
Published: March 2, 2026 04:55
French navy helicopters helped the Belgian armed forces seize a Russian shadow fleet tanker, the Ethera, on Saturday. The sanctioned 2007-built product tanker, which has headed to load in Russia, has since been escorted to the port of…
Offshore infrastructure joins shipping on Iran’s expanding target list
https://splash247.com/offshore-infrastructure-joins-shipping-on-irans-expanding-target-list/
Published: March 2, 2026 02:40
Iran has reportedly hit an unnamed oil platform and a jackup rig located within the United Arab Emirates part of the Persian Gulf, increasing the number of targets in its offensive. The attack on the platform came after Iran warned all countries in the…
SeaMar locks in long-term DSV contract with Eni
https://splash247.com/seamar-locks-in-long-term-dsv-contract-with-eni/
Published: March 2, 2026 02:30
Dutch offshore vessel owner SeaMar has secured a new long-term contract with Eni Energy Netherlands B.V. for its diving support vessel SeaMar Splendid. The contract will start in March and will see the vessel continue to support inspection, repair and…
Can shipping avoid an existential tech shock?
https://splash247.com/can-shipping-avoid-an-existential-tech-shock/
Published: March 2, 2026 01:35
Maritime digital operations must evolve if they are to survive the asteroid of wider customer expectations on transparency and technology use, write Intent Communications’ Namrata Nadkarni and Edward Parshotam. Maritime is often accused of lagging behind…
EPS boosts VLCC series with two more Hengli newbuilds
https://splash247.com/eps-boosts-vlcc-series-with-two-more-hengli-newbuilds/
Published: March 1, 2026 21:00
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…
KMTC tied to six HD Hyundai boxships
https://splash247.com/kmtc-tied-to-six-hd-hyundai-boxships/
Published: March 1, 2026 20:20
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)…
NYK and Ocean Yield expand LNG carrier series to eight ships
https://splash247.com/nyk-and-ocean-yield-expand-lng-carrier-series-to-eight-ships/
Published: March 1, 2026 19:50
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…
Houthis vow to resume attacks following Iranian strikes
https://splash247.com/houthis-vow-to-resume-attacks-following-iranian-strikes/
Published: February 28, 2026 09:28
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…
Splash Wrap: The world of shipping condensed
https://splash247.com/splash-wrap-the-world-of-shipping-condensed/
Published: February 27, 2026 08:20
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…
CMA CGM fills gap between Japan and Europe
https://splash247.com/cma-cgm-fills-gap-between-japan-and-europe/
Published: February 27, 2026 08:00
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…
Marinakis tanker spin-off boosts Oslo IPO
https://splash247.com/marinakis-tanker-spin-off-boosts-oslo-ipo/
Published: February 27, 2026 07:00
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…
McQuilling buys Spanish broker
https://splash247.com/mcquilling-buys-spanish-broker/
Published: February 27, 2026 06:30
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…
Hapag‑Lloyd chairman Michael Behrendt steps back for health reasons
https://splash247.com/hapag-lloyd-chairman-michael-behrendt-steps-back-for-health-reasons/
Published: February 27, 2026 06:00
Due to illness, Michael Behrendt, a long-term servant to German liner giant Hapag-Lloyd, is cutting back his role at the Hamburg firm. Behrendt, 74, who was Hapag-Lloyd’s CEO for 12 years through 2014, and has been chairman of the supervisory board since…
Waiting for the next cycle could sink your shipping strategy
https://splash247.com/waiting-for-the-next-cycle-could-sink-your-shipping-strategy/
Published: February 27, 2026 05:33
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…
Ernst Russ bolsters MPP fleet
https://splash247.com/ernst-russ-bolsters-mpp-fleet/
Published: February 26, 2026 16:56
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…
Reach Subsea lands Equinor pipeline survey deal
https://splash247.com/reach-subsea-lands-equinor-pipeline-survey-deal/
Published: February 26, 2026 16:56
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…
Hafnia lines up sales of 10 ageing tankers
https://splash247.com/hafnia-lines-up-sales-of-10-ageing-tankers/
Published: February 26, 2026 10:10
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,…
Boskalis scores cabling work on German offshore wind farm
https://splash247.com/boskalis-scores-cabling-work-on-german-offshore-wind-farm/
Published: February 26, 2026 10:00
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…
Fire Horse freight frenzy: VLCC markets smash records in supertanker anniversary year
Published: February 26, 2026 08:33
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 – marks the 60th…
Geneva Dry adds heavyweight panelists and new Hard Talk workshop
https://splash247.com/geneva-dry-adds-heavyweight-panelists-and-new-hard-talk-workshop/
Published: February 26, 2026 07:13
With the two-month countdown due this week, the third edition of Geneva Dry, the world’s premier commodities shipping conference, is selling tickets at a brisk pace as the dry bulk industry takes note of this year’s stellar line-up on stage. New confirmed…
US sanctions 12 more Iranian-linked vessels
https://splash247.com/us-sanctions-12-more-iranian-linked-vessels/
Published: February 26, 2026 06:53
With tensions high in the Middle East as US military forces threaten Iran, Washington’s Office of Foreign Assets Control (OFAC) has once again pressed the sanctions button, going after Tehran’s shadow fleet. “Iran exploits financial systems to sell…
Vale and Everllence to work on ethanol-powered engines
https://splash247.com/vale-and-everllence-to-work-on-ethanol-powered-engines/
Published: February 26, 2026 06:44
Two powerhouses in global shipping are joining forces to develop ethanol-powered engines. Brazilian mining giant Vale and Everllence, the world’s top ship engine manufacturer, have signed a cooperation agreement regarding the development of ethanol as a…
K Line brings shipmanagement units under one roof
https://splash247.com/k-line-brings-shipmanagement-units-under-one-roof/
Published: February 26, 2026 06:20
Japanese shipping major Kawasaki Kisen Kaisha (K Line) is bringing its shipmanagement activities under a single structure through the creation of a new intermediate holding company. K Line Ship Management Holdings will begin operations on April 1, taking…
d’Amico boosts charter cover with fresh tanker deals
https://splash247.com/damico-boosts-charter-cover-with-fresh-tanker-deals/
Published: February 26, 2026 05:59
Italian product tanker owner d’Amico International Shipping (DIS) has increased its forward charter coverage after fixing several vessels at what it described as very profitable rates. The Milan-listed company said its operating arm, d’Amico Tankers, has…
When safe manning isn’t safe
https://splash247.com/when-safe-manning-isnt-safe/
Published: February 26, 2026 03:00
Captain Pradeep Chalwa, CEO and Founder of MarinePALS, writes on a key issue being discussed right now at the International Maritime Organization. Over the years, the industry’s safety record has improved significantly. We have made major advances in…
Nova Scotia unveils financial framework for offshore wind industry
https://splash247.com/nova-scotia-unveils-financial-framework-for-offshore-wind-industry/
Published: February 26, 2026 02:20
The government of Nova Scotia has introduced legislation to ensure that the Canadian province reaps financial benefits from the country’s first offshore wind projects. Under the so-called Offshore Renewable Energy Act, project developers will be required…
Eldorado outbids Saipem in drillship sale
https://splash247.com/eldorado-outbids-saipem-in-drillship-sale/
Published: February 25, 2026 17:22
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…
Eidesvik wins PSV extension from Aker BP
https://splash247.com/eidesvik-wins-psv-extension-from-aker-bp/
Published: February 25, 2026 17:20
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…
Lloyd’s Agency Network moves to Lloyd’s List Intelligence
https://splash247.com/lloyds-agency-network-moves-to-lloyds-list-intelligence/
Published: February 25, 2026 10:00
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…
Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run
https://splash247.com/jeremy-nixon-hands-reins-of-one-to-till-ole-barrelet-after-eight-year-run/
Published: February 25, 2026 08:40
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, with Till Ole…
Marinakis spins out tanker arm for $345m Oslo raise
https://splash247.com/marinakis-spins-out-tanker-arm-for-345m-oslo-raise/
Published: February 25, 2026 08:29
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…
China’s Zhi Fei completes world‑first end‑to‑end unmanned container operation at Qingdao
Published: February 25, 2026 07:27
China has taken another step toward fully autonomous shipping after the smart feeder vessel Zhi Fei completed an end‑to‑end unmanned call at Qingdao port, executing autonomous navigation, berthing, mooring and container handling with no human intervention.…
RFOcean fixes methanol fuel deal
https://splash247.com/rfocean-fixes-methanol-fuel-deal/
Published: February 25, 2026 07:19
European shipowner RFOcean has signed a binding long-term off-take agreement with ETFuels to purchase e-methanol at a fixed price from 2030. RFOcean has already ordered eight new diesel-electric, methanol-ready/fitted chemical tankers for European regional…
Indian National Shipowners’ Association joins the International Chamber of Shipping
Published: February 25, 2026 07:14
The Indian National Shipowners’ Association (INSA) has become a full member of the International Chamber of Shipping (ICS), the latest sign of the world’s most populous nation gearing up on the global maritime stage. Welcoming the announcement, Thomas…
The chokepoint that shows whether we have learnt anything
https://splash247.com/the-chokepoint-that-shows-whether-we-have-learnt-anything/
Published: February 25, 2026 03:00
Wolfgang Lehmacher discusses the Strait of Gibraltar. The Strait of Gibraltar is treated as a passage, not a system. That view might be too limited. The 14-km gap between Spain and Morocco is emerging as a test of whether we can run a maritime chokepoint…
Seafarer abandonment sparks radical policy push
https://splash247.com/seafarer-abandonment-sparks-radical-policy-push/
Published: February 24, 2026 21:11
With seafarer abandonment figures at all-time highs and rising for many years in a row, concrete proposals to stamp out the scourge have been sent to Splash Extra. Seafarer abandonment hit record levels in 2025, according to new data compiled by the…
SplashTech boots up
https://splash247.com/splashtech-boots-up/
Published: February 24, 2026 21:10
In the Year of the Fire Horse we are launching two new products – Splash Singapore, a mega Asian shipowner gathering due on September 28, and SplashTech, our brand-new site dedicated to covering the transformation of shipping. Launched this week,…
February 2026 Review
https://splash247.com/february-2026-review/
Published: February 24, 2026 21:09
Hapag-Lloyd moved to acquire Israeli liner ZIM for $4.2bn in a mega transaction that will require plenty of approvals. ZIM employees have threatened to paralyse the company with strikes. A central feature of the structure is the creation of a separate…
The best February on record for VLCCs
https://splash247.com/the-best-february-on-record-for-vlccs/
Published: February 24, 2026 21:08
It has been another positive month for crude oil tankers as the geopolitical risk premium, including US interventions in Venezuela and possibly Iran, weigh on oil markets. The Baltic Dirty Tanker Index was up 14% over four weeks to February 20, at 1,787…
Dry bulk off to a flyer
https://splash247.com/dry-bulk-off-to-a-flyer/
Published: February 24, 2026 21:07
After the seasonal washout in the first fortnight of January, dry cargo freight markets have been making slow but steady progress over the last four weeks, with the BDI rising 18% to 2,043 points by February 20. The gains have been evenly spread with the…
Hapag-Lloyd steals the container headlines
https://splash247.com/hapag-lloyd-steals-the-container-headlines/
Published: February 24, 2026 21:06
US containerised imports fell 6.8% year-on-year in January to 2.32m teu, while imports from China were down 22.7% year-on-year at 0.77m teu. Where they go from here is anyone’s guess as the US Supreme Court struck out Donald Trump’s piecemeal tariff regime…
UK hits shadow fleet and LNG trades in fresh Russia sanctions push
https://splash247.com/uk-hits-shadow-fleet-and-lng-trades-in-fresh-russia-sanctions-push/
Published: February 24, 2026 15:10
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…
US naval forces board sanctioned Iran-linked tanker in Indian Ocean
https://splash247.com/us-naval-forces-board-sanctioned-iran-linked-tanker-in-indian-ocean/
Published: February 24, 2026 13:41
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”…
Orkim secures MR2 charter with Petronas trading unit
https://splash247.com/orkim-secures-mr2-charter-with-petronas-trading-unit/
Published: February 24, 2026 13:30
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…
Maersk and MSC handed temporary running of Hutchison’s Panamanian terminals
https://splash247.com/maersk-and-msc-handed-temporary-running-of-hutchisons-panamanian-terminals/
Published: February 24, 2026 08:24
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…
DHT fixes VLCC above $100,000 a day
https://splash247.com/dht-fixes-vlcc-above-100000-a-day/
Published: February 24, 2026 08:00
New York-listed tanker owner DHT Holdings has secured another high-paying long-term charter, fixing one of its oldest VLCCs at a rate above $100,000 per day. The Svein Moxnes Harfjeld-led company has sealed a one-year charter deal for the 2011-built DHT…
EU extends Red Sea naval mission
https://splash247.com/eu-extends-red-sea-naval-mission/
Published: February 24, 2026 07:00
The European Council has decided to extend the European Union’s maritime security operation, EUNAVFOR ASPIDES, to safeguard freedom of navigation in relation to the Red Sea crisis until February 28 next year, albeit on a smaller annual budget. “The…
Zvi Schreiber steps away from Freightos
https://splash247.com/zvi-schreiber-steps-away-from-freightos/
Published: February 24, 2026 06:37
Making a profit in shipping’s digitalisation drive is not easy, as evidenced at NASDAQ-listed Freightos, a pioneering container booking platform, where, after 14 years its founder and CEO has decided to leave the company. Zvi Schreiber, the Israeli tech…
EU’s Russia maritime services ban fails to pass
https://splash247.com/eus-russia-maritime-services-ban-fails-to-pass/
Published: February 24, 2026 06:06
European Union ministers failed to clinch a ban on maritime services to Russia and have delayed adoption of the bloc’s 20th sanctions package. Opposition to the move was led by Hungary. Negotiators remain split over proposals that would have curtailed…
SplashTech launches to chart the future of shipping
https://splash247.com/splashtech-launches-to-chart-the-future-of-shipping/
Published: February 23, 2026 20:00
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,…
Pistiolis-linked deal adds nine tanker newbuilds to Top Ships pipeline
https://splash247.com/pistiolis-linked-deal-adds-nine-tanker-newbuilds-to-top-ships-pipeline/
Published: February 23, 2026 13:30
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…
Celsius seals Samsung Heavy LNG carrier order
https://splash247.com/celsius-seals-samsung-heavy-lng-carrier-order-2/
Published: February 23, 2026 12:33
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…
Trump tariff turmoil clouds transpacific contracting season
https://splash247.com/trump-tariff-turmoil-clouds-transpacific-contracting-season/
Published: February 23, 2026 08:47
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…
Opposition to ZIM’s sale to Hapag-Lloyd grows
https://splash247.com/opposition-to-zims-sale-to-hapag-lloyd-grows/
Published: February 23, 2026 08:14
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),…
Geneva Dry Dialogues: European Energy Exchange
https://splash247.com/geneva-dry-dialogues-european-energy-exchange/
Published: February 23, 2026 08:00
With Geneva Dry 2026 on the horizon, market players are weighing how the dry bulk sector could look by late April against a backdrop of geopolitical tension, regulatory shifts and continued freight volatility. One of the companies closely involved in…
15-year-old VLCC values jump 57% year-on-year as Sinokor linked to Teekay exit
https://splash247.com/15-year-old-vlcc-values-jump-57-year-on-year-as-sinokor-linked-to-teekay-exit/
Published: February 23, 2026 07:24
Towards the end of last week, Teekay Tankers exited the VLCC sector, selling the 2013-built, 318,700 dwt Singapore Spirit — formerly Hong Kong Spirit — for $84.5m. Over the weekend, brokers linked the usual suspect these days, Sinokor, to the deal. The…
Costamare Bulkers swaps ageing tonnage for modern Japanese ultramax
https://splash247.com/costamare-bulkers-swaps-ageing-tonnage-for-modern-japanese-ultramax/
Published: February 23, 2026 07:01
New York-listed Greek owner Costamare Bulkers is continuing its fleet renewal programme, adding a modern Japanese-built ultramax while offloading two older vessels. The company has agreed to acquire the 2018-built, 60,297 dwt dry bulk vessel Koushun, which…
Active Mercuria Energy adds a cape
https://splash247.com/active-mercuria-energy-adds-a-cape/
Published: February 23, 2026 05:34
As Chinese buyers have been hoovering up capes at roughly one ship per week this year — mostly vintage tonnage around 18 years of age — European buyers have been largely absent from global broking reports. One notable exception is Geneva-headquartered…
A.P. Moller Capital raises $243m to invest in Morocco
https://splash247.com/a-p-moller-capital-raises-243m-to-invest-in-morocco/
Published: February 23, 2026 05:15
A.P. Moller Capital has completed a final close on a Morocco-focused transport and logistics fund. A.P. Moller Capital Morocco closed with total commitments of MAD1.64bn ($178m). In addition, A.P. Moller Capital – Emerging Markets Infrastructure Fund II…
The IMO Net Zero Framework survives; now, ambition must return
https://splash247.com/the-imo-net-zero-framework-survives-now-ambition-must-return/
Published: February 23, 2026 03:00
Anaïs Rios, senior shipping policy officer at Seas At Risk, writes for Splash today on what is shaping up to be a pivotal year for shipping’s decarbonisation pathways. At the last International Maritime Organization (IMO) meeting, I sat in the plenary…
Tidewater to add 22 PSVs in major Brazil expansion
https://splash247.com/tidewater-to-add-22-psvs-in-major-brazil-expansion/
Published: February 23, 2026 02:40
Offshore support vessel owner Tidewater has entered into a definitive agreement to acquire all outstanding shares of Wilson Sons Ultratug Participações and its affiliate Atlantic Offshore Services in a deal worth around $500m. Under the terms of the…
Tullow Oil buys Ghana FPSO from Modec for $205m
https://splash247.com/tullow-oil-buys-ghana-fpso-from-modec-for-205m/
Published: February 23, 2026 02:30
UK-based oil and gas company Tullow Oil has signed a sale and purchase agreement with TEN Ghana to acquire the Prof. John Evans Atta Mills FPSO for a gross consideration of $205 million. The acquisition was conducted by Tullow’s wholly owned subsidiary,…
IMO counts 529 vessels flying false flags
https://splash247.com/imo-counts-529-vessels-flying-false-flags/
Published: February 20, 2026 08:30
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…
Denmark detains sanctioned boxship
https://splash247.com/denmark-detains-sanctioned-boxship/
Published: February 20, 2026 08:02
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…
Splash Wrap: ZIM sale tops the agenda
https://splash247.com/splash-wrap-zim-sale-tops-the-agenda/
Published: February 20, 2026 07:21
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.…
New Zealand unleashes its largest sanctions package aimed at Russian-linked shipping
Published: February 20, 2026 07:00
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.…
DHT locks in second VLCC at premium rate
https://splash247.com/dht-locks-in-second-vlcc-at-premium-rate/
Published: February 20, 2026 06:00
New York-listed tanker owner DHT Holdings has secured its second high-paying time charter this week, fixing one of its 2012-built VLCCs at $94,000 per day for one year. The contract, concluded with an unnamed global energy company, is for the 314,200 dwt…
Leadership change at Emirates Shipping Line
https://splash247.com/leadership-change-at-emirates-shipping-line/
Published: February 20, 2026 05:00
Dubai-based Emirates Shipping Line has appointed Sushil Sriram as chief executive officer, replacing Till Ole Barrelet, who is stepping down after four years in the role. Sriram joined ESL in January 2024 as chief trade officer and has since worked…
What the Spanish Armada still teaches us about leadership
https://splash247.com/what-the-spanish-armada-still-teaches-us-about-leadership/
Published: February 20, 2026 03:00
Robert Oliver is a historical novelist whose work examines how risk, power, and decision-making collide under pressure. This month he has published Armada: The Fire, which chronicles the decades leading to the attempted Spanish Armada invasion of England…
Transocean bags more work for three semisubs
https://splash247.com/transocean-bags-more-work-for-three-semisubs/
Published: February 20, 2026 02:40
Swiss-based offshore drilling giant Transocean has secured additional work for three of its harsh-environment semisubmersibles. Transocean said in its fleet status report that the Transocean Enabler was awarded three fixtures by Equinor for a total of…
DOF buys two Aurora Offshore anchor handlers in $100m fleet upgrade
https://splash247.com/dof-buys-two-aurora-offshore-anchor-handlers-in-100m-fleet-upgrade/
Published: February 20, 2026 02:30
Norwegian offshore vessel owner DOF has entered into an agreement to purchase the Aurora Saltfjord and Aurora Sandefjord anchor handlers from Aurora Offshore. The vessels are 2011-built anchor handling tug supply (AHTS) vessels with a bollard pull of…
Navios lines up $134m capesize duo
https://splash247.com/navios-lines-up-134m-capesize-duo/
Published: February 19, 2026 15:46
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…
Teekay Tankers offloads sole VLCC
https://splash247.com/teekay-tankers-offloads-sole-vlcc/
Published: February 19, 2026 09:41
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…
Sinokor now controls one in four compliant VLCCs
https://splash247.com/sinokor-now-controls-one-in-four-compliant-vlccs/
Published: February 19, 2026 08:50
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…
New head of Poseidon Principles urges banks to keep climate disclosure alive despite US rollback
Published: February 19, 2026 08:30
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…
Geneva Dry Dialogues: Shipfinex
https://splash247.com/geneva-dry-dialogues-shipfinex/
Published: February 19, 2026 08:09
Being a shipowner is no more a dream, own a ship from as little as $1,000, states the homepage of Geneva Dry sponsor Shipfinex, a ship tokenisation platform aiming to revolutionise ship ownership and investment through fractional ownership and blockchain…
Trading house BB Energy launches new shipping unit
https://splash247.com/trading-house-bb-energy-launches-new-shipping-unit/
Published: February 19, 2026 05:22
Energy trader BB Energy is reshaping its shipping arm, rolling all chartering and freight activities into a newly branded unit, Blue Bolt Shipping, and bringing in a seasoned industry executive to run it. Blue Bolt Shipping, a rebrand of Turbo Asia and a…
APM Terminals buys into DP World’s Jeddah terminal
https://splash247.com/apm-terminals-buys-into-dp-worlds-jeddah-terminal/
Published: February 19, 2026 05:00
APM Terminals has bought into a Saudi terminal owned by DP World. APM Terminals will acquire a 37.5% minority stake in the Southern Container Terminal at Jeddah Islamic Port, while DP World will retain a 62.5% majority shareholding and continue to lead the…
Crew change travel carries a carbon cost that shipping can no longer ignore
https://splash247.com/crew-change-travel-carries-a-carbon-cost-that-shipping-can-no-longer-ignore/
Published: February 19, 2026 03:00
Pippa Ganderton, head of ATPI Halo, writes for Splash about the largely unaccounted-for environmental impact of crew change travel and why shipping cannot afford to ignore Scope 3.6 emissions. Shipping’s efforts to decarbonise are rightly focused on…
Borr Drilling secures fresh jackup deals and extensions across four rigs
https://splash247.com/borr-drilling-secures-fresh-jackup-deals-and-extensions-across-four-rigs/
Published: February 19, 2026 02:40
The Oslo- and New York-listed offshore driller Borr Drilling has revealed in its fleet status report that it secured new contracts and extensions for four of its jackups. The 2018-built Natt has won a contract extension from Eni in Congo. The extension was…
Costamare locks in $940m with 12 forward charters
https://splash247.com/costamare-locks-in-940m-with-12-forward-charters/
Published: February 18, 2026 12:13
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…
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