Stay informed with real-time maritime industry updates
Seatrade Maritime
Seatrade Maritime reports a continued stalemate in the Strait of Hormuz, impacting regional maritime security. Additionally, criminal charges have been filed against Dali over the Key Bridge disaster, highlighting ongoing legal challenges in maritime operations.
Seatrade Maritime
Grace Ocean and Synergy have reached a $2.25 billion settlement with the State of Maryland over the Key Bridge disaster, as reported by Seatrade Maritime. Further claims are anticipated against Hyundai Heavy Industries.
Splash247
Splash247 reports that a collective of UAE maritime companies has formed the Consortium of UAE Shipbuilders, marking the nation's first unified shipbuilding platform. This initiative aims to enhance local capabilities in shipbuilding, repair, and marine engineering.
Splash247
Greek owner JHI Steamship has placed an order for an LR2 tanker at Japan's Imabari Shipbuilding, as reported by Splash247. The 115,000 dwt scrubber-fitted unit will be built at Imabari's Marugame yard and is scheduled for delivery in 2028.
Splash247
Seapeak has increased its LNG carrier orderbook by ordering three new 174,000 cubic meter dual-fuel X-DF LNG carriers from Samsung Heavy Industries in South Korea, as reported by Splash247. The contracts for these vessels were signed in May, and the company has secured long-term employment for them.
Marco Polo Marine, listed in Singapore, is set to spin off its shipyard business through a reverse takeover deal valued at up to $108.5 million, as reported by Splash247. The company has signed a binding term sheet with Fuji Offset Plates Manufacturing for the transaction.
Splash247
Thai dry bulk owner Precious Shipping has expanded into the tanker market by acquiring d’Amico International Shipping’s oldest vessel, as reported by Splash247. The acquisition was made through its Malaysian joint venture, Nusantara Maritime, which is partially owned by Precious Shipping.
gCaptain
Shipping giants CMA CGM and Hapag-Lloyd have suspended all bookings to and from Cuba, as reported by gCaptain. This decision follows a recent executive order from the US, impacting their operations.
Splash247
Diana Shipping has enhanced its earnings by securing a lucrative charter extension with Oldendorff Carriers for the post-panamax bulker Polymnia, as reported by Splash247. The vessel is fixed at a rate of $20,000 per day, minus a 5% commission, for a period starting June 1, 2026, until between March 1 and April 30, 2027.
Splash247
Prosafe has confirmed a contract with Ithaca Energy for the Safe Caledonia to provide accommodation services in the UK North Sea, as reported by Splash247. The semisubmersible vessel will support operations at the Captain field.
