Latest Maritime News

Offshore Energy

operations February 19, 2026

South African Port Deemed Suitable for Wave Energy Project

Eco Wave Power has completed a feasibility study confirming a South African port as suitable for a potential wave energy power station, as reported by Offshore Energy. This development marks a significant step in harnessing renewable energy from ocean waves.

South African port (ZA)

Offshore Energy

Offshore Energy

operations February 19, 2026

MISC Enters Papua New Guinea with ExxonMobil FSO Agreement

MISC has signed an agreement with ExxonMobil PNG for a new floating storage and offloading unit, marking its entry into Papua New Guinea, as reported by Offshore Energy. The FSO will support a liquefied natural gas project in the region.

Offshore Energy

Seatrade Maritime

operations February 19, 2026

MSC Launches Firehorse Service for Lunar New Year

The world's largest container line, MSC, has launched a new service named Firehorse, connecting China and Southeast Asia, as reported by Seatrade Maritime.

Seatrade Maritime

Offshore Energy

technology February 19, 2026

Østensjø Rederi's Hybrid Tug to Feature Finnish Propulsion

Spain's GONDAN Shipbuilders has ordered propulsion systems from Finland's Steerprop for Østensjø Rederi's new hybrid tug, as reported by Offshore Energy. The collaboration highlights the integration of Finnish technology in the maritime industry.

Offshore Energy

Splash247

fleet February 19, 2026

Teekay Tankers Sells Its Only VLCC, Singapore Spirit

Teekay Tankers has decided to exit the VLCC segment by selling its only supertanker, the Singapore Spirit, as reported by Splash247. This move aligns the company more closely with its focus on suezmax and aframax vessels.

Singapore Spirit (tanker)

Splash247

Seatrade Maritime

operations February 19, 2026

Damietta Alliance Container Terminals Launches in Egypt

Damietta Alliance Container Terminals has commenced operations in Egypt, bringing together Hapag-Lloyd, Eurogate, and Contship Italia with local partners, as reported by Seatrade Maritime. The joint venture aims to enhance container handling capabilities in the region.

Damietta (EG)

Seatrade Maritime

Splash247

regulations February 19, 2026

Poseidon Principles' New Chair Advocates for Continued Climate Disclosure

Paul Taylor, the newly appointed chair of the Poseidon Principles Association, has urged banks to maintain maritime transparency amid geopolitical tensions and a rollback of green legislation in the US, as reported by Splash247. Taylor, who also holds the position of global head of maritime industries at Societe Generale, emphasized the importance of climate disclosure in the sector.

Splash247

Splash247

fleet February 19, 2026

BB Energy Unveils Blue Bolt Shipping to Streamline Freight Operations

BB Energy has launched a new shipping unit called Blue Bolt Shipping, consolidating its global freight operations, as reported by Splash247. This rebranding of Turbo Asia marks a strategic move by the energy trader to enhance its shipping arm.

Splash247

Splash247

fleet February 19, 2026

Sinokor Controls 25% of Compliant VLCC Fleet

Sinokor, led by Ga-Hyun Chung, now controls one in four compliant Very Large Crude Carriers (VLCCs), as reported by Fearnleys. This follows the company's significant activity in the S&P and charter markets over recent months, according to Splash247.

Splash247

Splash247

market February 19, 2026

Shipfinex Introduces Fractional Ship Ownership at Geneva Dry Dialogues

Splash247 reports that Shipfinex, a sponsor of the Geneva Dry Dialogues, is promoting ship ownership from as little as $1,000 through its ship tokenisation platform. The company aims to revolutionize the industry by enabling fractional ownership and leveraging blockchain technology.

Splash247