Stay informed with real-time maritime industry updates
Splash247
Splash247 reports that GMS, the leading cash buyer of ships for recycling, is urging the European Commission to recognize Indian ship recycling yards by adding them to the European List under the EU Ship Recycling Regulation. Currently, over 110 Indian yards have Hong Kong Convention Statements of Compliance from IACS member classifications.
Seatrade Maritime
Seatrade Maritime reports that approximately 20,000 seafarers are currently stranded in the Gulf region, as highlighted by IMO Secretary-General Arsenio Dominguez and ICS Chairman Emanuele Grimaldi. The situation underscores the ongoing challenges faced by crew members in the area.
Splash247
Costamare, a Greek containership tonnage provider, has expanded its newbuilding program by ordering four additional 3,100 teu vessels from a Chinese yard, as reported by Splash247. The New York-listed company, led by Konstantinos Konstantakopoulos, plans to have these ships delivered by the fourth quarter of 2027.
Offshore Energy
Oceaneering has introduced a new electric-propulsion remotely operated vehicle (ROV) capable of continuous 30-day subsea operations, as reported by Offshore Energy. This advancement marks a significant development in subsea engineering technology.
Splash247
The Great Eastern Shipping of India is advancing its fleet renewal strategy by acquiring a 2014-built Japanese kamsarmax, as reported by Splash247. The Mumbai-listed company is enhancing its portfolio with this secondhand bulker, although specific details of the deal remain undisclosed.
Offshore Energy
Offshore Energy reports that Akrake Petroleum, a subsidiary of Lime Petroleum Holding, has successfully linked a mobile offshore production unit (MOPU) and a floating storage and offloading (FSO) asset at an oil field off the coast of Benin. This development marks a significant milestone in the revival of the African oil field.
Splash247
Estonian company Amisco is set to expand its fleet with an order for two multipurpose dry cargo vessels from Jiangsu Dajin Heavy Industry in China, as reported by Splash247. The Tallinn-based owner plans to take delivery of the 5,900 dwt ships in the first and second quarters of 2027.
Seatrade Maritime
Seatrade Maritime reports that Dorian LPG is optimistic about the growth in demand for Very Large Gas Carriers (VLGCs), driven by US production and India's LPG policies. The company also views the Panama pipeline as a positive development for the sector.
Splash247
Exmar, based in Antwerp, has decided to repurchase the VLGC Flanders Innovation from its lessor, as reported by Splash247. The vessel, with a capacity of 88,000 cubic meters, was initially part of a sale-and-leaseback agreement established five years ago.
Offshore Energy
Chevron Mediterranean Limited has contracted South Korea's Hanwha Ocean for module fabrication to enhance gas export capacity from a major natural gas field project off Israel's coast, as reported by Offshore Energy. This move is part of Chevron's broader strategy to boost its operations in the Mediterranean region.
