Stay informed with real-time maritime industry updates
gCaptain
Four liquefied natural gas (LNG) carriers, recently reflagged and linked to Turkish-controlled entities, are heading north in the Atlantic. This move could indicate an effort by Russia to expand its export fleet, as reported by gCaptain.
Seatrade Maritime
Damen has signed a contract with UK Dredging for the construction of a new trailing suction grab hopper dredger, as reported by Seatrade Maritime. The vessel will be built at Damen’s Ha Long Shipyard in Vietnam.
Offshore Energy
Swedish offshore survey company Njord Survey has entered a framework agreement with Norwegian state-owned Equinor for multi-year pipeline inspection services, as reported by Offshore Energy. This collaboration highlights Equinor's commitment to leveraging specialized expertise for its operations.
Seatrade Maritime
Boluda has expanded its operations in Southeast Asia by acquiring Seatrium's towage fleet, as reported by Seatrade Maritime. This move marks Seatrium's exit from the tugboat business in Singapore.
Seatrade Maritime
The Panama Canal is experiencing one of the most significant transformation phases in its history, as reported by Seatrade Maritime. This ambitious development project aims to enhance the canal's capacity and efficiency, making it a focal point in global maritime transportation.
Seatrade Maritime
Seatrade Maritime reports that Arsenio Dominguez, the IMO Secretary-General, informed the UN that Iran has no legal grounds to impose tolls on the Strait of Hormuz. This statement underscores the non-negotiable nature of freedom of navigation in international waters.
Splash247
Splash247 reports that the tanker markets are experiencing a significant oversupply due to an unprecedented increase in ballast vessels across all major crude tanker segments. The closure of the Strait of Hormuz for 60 days has transformed a geopolitically driven disruption into a demand-side crisis, with the initial freight rate spike subsiding as cargo availability dwindles.
Splash247
Yangzijiang Maritime Development, listed in Singapore, has expanded its fleet with a new order for 10 ships, according to Splash247. The order includes four 114,000 dwt product/crude tankers, four 49,800 dwt product and chemical tankers, and two 40,000 dwt bulk carriers, with contracts signed with Chinese shipyards.
Splash247
Shipowners in Asia are facing challenges due to tainted fuel, as reported by Splash247. Marine insurer Skuld has issued a warning about potentially problematic fuel being bunkered across Asia, notably in Singapore, Hong Kong, and Malaysia.
Splash247
Taiwan's Chinese Maritime Transport has placed an order for two newcastlemax bulk carriers at China State Shipbuilding Corporation's Qingdao Beihai yard, as reported by Splash247. The vessels, each with a capacity of 210,000 dwt, will cost between $77.5 million and $80.5 million, with the transaction facilitated by subsidiaries China Vantage Shipping and China Swift Shipping.
