Stay informed with real-time maritime industry updates
Seatrade Maritime
APM Terminals has acquired a 49% stake in the Hai Phong container terminal, becoming an operating partner in the port located in North Vietnam, as reported by Seatrade Maritime.
Offshore Energy
ADES International has temporarily suspended operations for several rigs due to the ongoing conflict involving the U.S.-Israel alliance and Iran, as reported by Offshore Energy. The company, part of Saudi Arabia's ADES Group, is responding to regional instability.
Seatrade Maritime
Seatrade Maritime reports that while global container markets face declines in demand and income, intra-Asia lines have experienced a boost in profits due to recent global trading dynamics. The intra-Asian routes are proving resilient despite broader market challenges.
Offshore Energy
The Italian cabling vessel Leonardo da Vinci has completed its subsea cabling work in UK waters for the NeuConnect project and is now en route to the Netherlands, as reported by Offshore Energy. Prysmian acted as the main contractor for this project.
Offshore Energy
French company Gaztransport & Technigaz (GTT) has been contracted by Hudong-Zhonghua shipyard in China to design tanks for four new liquefied natural gas carriers, as reported by Offshore Energy. This marks a significant development in the collaboration between GTT and the Chinese shipbuilding industry.
Offshore Energy
Statnett has selected DOF Group to replace aging subsea power cables, as reported by Offshore Energy. This contract highlights Statnett's commitment to maintaining Norway's transmission infrastructure.
Offshore Energy
The ongoing conflict involving the U.S., Israel, and Iran has raised significant concerns about global energy security and market volatility, as reported by Offshore Energy. The hostilities are expected to impact offshore energy and maritime supply chains worldwide to varying degrees.
Splash247
Dubai-based Gulf Energy Maritime has ordered six product tankers valued at approximately $300 million, as reported by Splash247. The 50,000 dwt vessels will be constructed in South Korea and Vietnam, according to shipbuilding sources.
gCaptain
A Ukrainian drone strike has reportedly damaged the Arctic patrol icebreaker Purga at the Russian port of Vyborg, as reported by gCaptain. The vessel, under construction for Russia's FSB Border Service, was seen listing at its berth following the attack.
Splash247
Norwegian OSV player DOF Group has secured a subsea cable replacement contract from Norway’s grid operator Statnett, valued between $25m and $50m, as reported by Splash247. This substantial contract involves replacing high-voltage power cables across Ofotfjorden in northern Norway.
