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Splash247
operations May 19, 2026

Bahrain Enters Ship Recycling Market with ASRY-Priya Blue Venture

Bahrain has expanded its presence in the global ship recycling market through a joint venture between the Arab Shipbuilding and Repair Yard Company (ASRY) and India’s Priya Blue Group, as reported by Splash247. The collaboration marks the arrival of the first vessel for dismantling at the Gulf yard, leveraging ASRY’s infrastructure and Priya Blue’s expertise.

Splash247
fleet May 19, 2026

CMB.TECH Gains $29M from Sale of Suezmax Vessel

CMB.TECH, a Belgian company controlled by the Saverys family, has secured a $29.2 million profit from selling one of its oldest suezmax vessels, the Sienna, as reported by Splash247. This transaction highlights the company's strategy to capitalize on strong tanker asset values.

Sienna (tanker)
Splash247
fleet May 19, 2026

Safe Bulkers Sells Two Older Vessels in Fleet Renewal

Safe Bulkers, a Greek dry bulk owner, has sold two older vessels, Xenia and Pedhoulas Commander, for $13 million and $14.7 million respectively, as part of a fleet renewal strategy, reports Splash247. The New York-listed company continues to streamline its operations.

Xenia (bulk) Pedhoulas Commander (bulk)
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