Latest Maritime News

Splash247

market April 28, 2026

Tanker Markets Face Oversupply Amid Ballast Surge

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

Splash247

fleet April 28, 2026

Yangzijiang Maritime Secures 10-Ship Newbuild Order

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

Splash247

operations April 28, 2026

Tainted Fuel in Asia Raises Concerns for Shipowners

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.

Singapore (SG) Hong Kong (HK) Malaysia (MY)

Splash247

Splash247

fleet April 28, 2026

CMT Orders Two Newcastlemax Bulk Carriers at Qingdao Beihai

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.

Qingdao Beihai (CN)

Splash247

Splash247

fleet April 28, 2026

Noble Secures $565M in New Rig Deals, Boosting Backlog to $7.5B

Offshore drilling giant Noble Corporation has secured new rig deals worth $565 million, increasing its backlog to $7.5 billion, as reported by Splash247. Among the new contracts, the semisub Noble Deliverer, which was previously considered for sale, has secured a new contract with Woodside.

Noble Deliverer (semisub)

Splash247

Splash247

operations April 28, 2026

Petra Energy Wins Multi-Field Services Contract Offshore Malaysia

Petra Energy has secured a contract for field operations management services on five offshore fields within the SK407 license, as reported by Splash247. The contract, awarded by Vestigo Petroleum, covers the West Lutong, Baram, Tukau, Siwa, and Fairly Baram fields offshore Miri, Sarawak.

Splash247

gCaptain

regulations April 27, 2026

FMC Chair Opposes IMO Carbon Plan at Climate Talks

The chair of the Federal Maritime Commission has joined the U.S. delegation at the UN's International Maritime Organization climate talks, issuing a warning that suggests a potential for increased confrontation, as reported by gCaptain. This move highlights the U.S. opposition to the IMO's carbon reduction strategy.

gCaptain

Splash247

fleet April 27, 2026

Shanghai Time Shipping Orders Three Bulk Carriers from Nantong Xiangyu

Shanghai Time Shipping has ordered three bulk carriers from Nantong Xiangyu Shipbuilding & Offshore Engineering, as reported by Splash247. The order includes two 82,000 dwt kamsarmax vessels and one 63,800 dwt ultramax, all set for delivery in 2029.

Splash247

Splash247

fleet April 27, 2026

Fujian Highton Expands Fleet with New MPP Orders

Fujian Highton Development, a Chinese company, is expanding its multipurpose and heavylift fleet by ordering four new 62,000 dwt vessels from Taizhou Kouan Shipbuilding, as reported by Splash247. The company aims to build a 100-ship fleet.

Splash247

Splash247

regulations April 27, 2026

Seatrium Settles Brazilian Corruption Case with $110m Agreement

Seatrium, a Singapore-listed offshore and marine group, has avoided criminal prosecution in connection with Brazil's Operation Car Wash corruption probe by securing a deferred prosecution agreement, as reported by Splash247. The agreement, initially signed in July 2025 with Singapore’s Public Prosecutor, was approved by the High Court this month without any changes.

Splash247