Latest Maritime News

Splash247

fleet May 20, 2026

Dynacom Sells Suezmax Tanker Gladiator for $65 Million

Shipping magnate George Procopiou has secured a notable $65 million for the sale of his 2008-built suezmax tanker, Gladiator, which has been renamed Visund, as reported by Splash247. This transaction occurs during a period of exceptional earnings for the tanker sector.

Gladiator (tanker) Visund (tanker)

Splash247

Seatrade Maritime

fleet May 20, 2026

Guangzhou Shipyard International Expands with New Base

Guangzhou Shipyard International is set to expand its operations by constructing a new shipbuilding base, as reported by Seatrade Maritime. This development aims to enhance the shipyard's production capacity in South China.

Seatrade Maritime

gCaptain

operations May 20, 2026

South Korea Chooses Operator for Arctic Container Trial via NSR

South Korea has preliminarily chosen Panstar Line to conduct its first trial container voyage along Russia’s Northern Sea Route, as reported by gCaptain. This move signifies Seoul's efforts to enhance its presence in Arctic shipping and explore new trade routes between Asia and Europe.

gCaptain

gCaptain

operations May 20, 2026

South Korean Supertanker Attempts Strait of Hormuz Crossing

A South Korean-flagged supertanker is reportedly attempting to transit the Strait of Hormuz, marking a potential first for such a vessel from the East Asian nation, as reported by gCaptain. The crossing, if successful, would highlight strategic maritime movements in the region.

gCaptain

Splash247

fleet May 20, 2026

Veteran Shipmanager Aga Nagarajan Launches Nura Shipco in Singapore

Aga Nagarajan, after nearly three decades at Fleet Management in Hong Kong, has embarked on a new venture by establishing Nura Shipco Management in Singapore, as reported by Splash247. This move marks a fresh chapter for the seasoned shipping executive.

Splash247

Splash247

security May 20, 2026

US Seizes Iranian-Linked VLCC in Indian Ocean

The United States has seized the VLCC Skywave, which was carrying over 1 million barrels of Iranian crude in the Indian Ocean, as reported by Splash247. This marks the third Iranian-linked vessel seized by the US since military action against Tehran began in February.

Skywave (VLCC) Kharg Island (IR)

Splash247

Seatrade Maritime

security May 20, 2026

US Seizes Iran-linked Tanker Skywave in Indian Ocean

The United States has seized the tanker Skywave, linked to Iran, in the Indian Ocean, as reported by Seatrade Maritime. The vessel, which had previously sailed from offshore Malaysia, was identified as a false-flag tanker.

Skywave (tanker)

Seatrade Maritime

Splash247

market May 20, 2026

US DOJ Indicts Container Giants for Price-Fixing

Splash247 reports that the US Department of Justice has indicted four major shipping container manufacturers and seven executives for allegedly operating a cartel that significantly raised the price of standard dry containers over four years. The price-fixing scheme reportedly led to a near hundredfold increase in profits for one company during the COVID-19 pandemic.

Splash247

Splash247

fleet May 20, 2026

Stella Bulk Ventures into Container Shipping with New Orders

Stella Bulk, based in the Marshall Islands, is entering the container sector by ordering two 740 teu vessels from Taizhou Maple Leaf shipyard in China, as reported by Alphalliner. The order includes an option for two additional sister vessels, though pricing details have not been disclosed, according to Splash247.

Splash247

Splash247

operations May 20, 2026

Iran Seeks to Monetize Strait of Hormuz Amid Tensions

Iran is attempting to control the Strait of Hormuz and impose a toll, a move opposed by the United States, as reported by Splash247. The strait has been largely closed for over 80 days, reminiscent of historical maritime practices.

Splash247