Stay informed with real-time maritime industry updates
Offshore Energy
Fontis Finance, a subsidiary of Paratus Energy Services, is transferring its drilling operations and jack-up fleet to a joint venture between Borr Drilling and CME in Mexico, as reported by Offshore Energy. This move involves the acquisition of five rigs by the newly formed partnership.
Splash247
Celsius Tankers, a division of Denmark's Celsius Shipping, has placed an order for a new LNG carrier at Samsung Heavy Industries, as reported by Splash247. The South Korean shipyard confirmed the deal, valued at approximately KRW 770 billion ($514 million), in a regulatory filing.
Offshore Energy
Stillstrom, in collaboration with Faber Group and Prysmian, has initiated a pilot project for offshore charging solutions, as reported by Offshore Energy. This development aims to enhance sustainable energy practices in maritime operations.
Splash247
Etermar Energia has commenced the construction of the BayFloat prototype, a semi-submersible floating offshore wind platform, under Portugal's Recovery and Resilience Program, as reported by Splash247. The project began in early March at the Port of Setubal and aims for completion by July 2026.
Splash247
Zhejiang Shipping Group is expanding its presence in the capesize market by acquiring a second large bulk carrier, as reported by Splash247. This move follows their earlier acquisition of the ZH Dampier, a newcastlemax bulk carrier built in 2019. The latest purchase is managed under Zhejiang Shipping Singapore, a wholly owned subsidiary.
Seatrade Maritime
Seatrade Maritime reports that Cosco Shipping experienced a 6% rise in container shipping volumes, although the company's revenues have decreased. The Chinese shipping giant's performance highlights a shift in market dynamics.
Splash247
Shipping companies may risk falling behind on decarbonisation efforts if they reduce their initiatives amid regulatory uncertainty, according to Splash247. Leaders of the Sea Cargo Charter, Engebret Dahm and Christian Bonfils, have issued a joint statement cautioning against a slowdown.
Splash247
The 26-year-old VLCC, formerly known as Kin A, has been sold to undisclosed interests and renamed Helga, as reported by Splash247. The Comoros-flagged tanker, originally built by Hitachi, is no longer classed by any IACS member, with its Bureau Veritas classification withdrawn according to VesselValue.
Seatrade Maritime
TS Lines has placed an order for four new container ships at Fujian Mawei Shipbuilding, as reported by Seatrade Maritime. This move is part of the company's strategy to expand its owned fleet.
gCaptain
Bahrain has proposed a draft resolution to the United Nations Security Council to permit countries to use force to safeguard commercial shipping in the Strait of Hormuz, as reported by gCaptain. The resolution uses the term 'all necessary means' to imply potential military action.
