Stay informed with real-time maritime industry updates
Seatrade Maritime
Beacon Tankers, a European shipowner, has placed its first newbuilding order with Hengli Heavy Industry, as reported by Seatrade Maritime. This order includes four new vessels, marking a significant milestone for both companies.
Splash247
TFG Marine, Trafigura's bunker fuel supply venture with Frontline and CMB.TECH, has obtained a working capital facility of up to $300 million from DBS Bank, as reported by Splash247. This financing aims to enhance liquidity for the company's trading activities and digitalized bunker deliveries.
Splash247
The Trump administration's Project Freedom, aimed at assisting stranded vessels in the Persian Gulf, has been halted after two days due to ongoing Iranian attacks on commercial shipping, as reported by Splash247. Concurrently, Iran has introduced a formal toll collection authority for the Strait of Hormuz.
Seatrade Maritime
Vessels have been anchored for sixty days as the Strait of Hormuz remains closed, with no signs of reopening, according to Seatrade Maritime. The prolonged closure has prompted calls for accountability regarding the delays.
Splash247
Beacon Tankers Management, linked to the Prokopiou family, has entered the tanker market by securing newbuilding slots for two 158,000 dwt suezmax tankers at Hengli Heavy Industries, as reported by Splash247. The company also holds options for two additional vessels.
Splash247
D. Oltmann Reederei, a Bremen-based company, has been identified as the owner behind four 10,010 TEU container ship orders at Korea's HJ Shipbuilding and Construction, as reported by Alphaliner. The German non-operating owner placed these orders in two pairs earlier this year, with delivery expected in 2028, according to Splash247.
Splash247
Rheinmetall, in collaboration with Mediterranean Shipping Co (MSC), is planning to acquire Romania's Mangalia shipyard, as reported by Splash247. The shipyard, one of Europe's largest, is intended for both military and commercial shipbuilding.
Seatrade Maritime
DHT Holdings reported a $60 million profit increase in the first quarter, attributed to improved rates and the sale of two vessels, as detailed by Seatrade Maritime. The VLCC owner capitalized on favorable market conditions to enhance its financial performance.
Offshore Energy
Norwegian DOF Group plans to construct four ROV support vessels for 12-year contracts with Petrobras, as reported by Offshore Energy. These green vessels are part of a sustainability initiative in the maritime sector.
Splash247
Japanese company Nissen Kaiun has capitalized on the booming tanker market by selling the 2018 Tsuneishi-built Pusaka Borneo, a modern eco aframax, for a record $76.5 million, according to Splash247. VesselsValue highlighted this sale as the highest price ever recorded for such a vessel.
