Stay informed with real-time maritime industry updates
Seatrade Maritime
Seatrade Maritime reports that the second Trump administration initially focused on enhancing US maritime capabilities, but a recent conference in New York highlighted the limited tangible outcomes so far. The momentum of these initiatives appears to be slowing, as discussed by industry experts at the event.
Splash247
Oldendorff Carriers, led by Henning Oldendorff, has sold two post-panamax vessels, as reported by Splash247. The Pia Oldendorff, built in 2013, was sold for approximately $19 million, while the Peter Oldendorff, built in 2012, was sold for around $18 million.
Splash247
Splash247 reports that Hahn & Company is selling 10 very large crude carriers operated by SK Shipping to Pan Ocean for KRW973.7bn ($694m). The transaction, which includes long-term cargo contracts with major domestic shippers, is expected to be finalized by April 11, 2027.
Seatrade Maritime
Hengli Heavy Industry has secured an order for 11 Very Large Crude Carriers (VLCCs) from the Evangelos Marinakis-led Capital group, as reported by Seatrade Maritime. This move marks a significant expansion in Capital's fleet of large tankers.
Splash247
Saltchuk Resources is set to expand its maritime operations in the US by acquiring Great Lakes Dredge & Dock for $1.5 billion, as reported by Splash247. This all-cash transaction will take the Nasdaq-listed company private, offering shareholders $17.00 per share, which represents a 25% premium to the 90-day VWAP.
Seatrade Maritime
Seatrade Maritime reports that the Panama Canal has entered into a partnership with the US Grains & BioProducts Council to enhance trade flow through the canal. This agreement aims to improve the efficiency of US grain shipments, a vital component of the canal's operations.
Splash247
Henrik Jensen, CEO of Danica Crewing Services, emphasizes that the shipping industry should not be viewed as uniquely troubled compared to others. Recent warnings from the World Maritime University highlight a potential global seafarer crisis, with surveys indicating that up to half of seafarers might leave the industry within five years, as reported by Splash247.
Seatrade Maritime
The Green Future, a bulk carrier chartered by BHP, has achieved a 65% reduction in emissions by using methanol as fuel, as reported by Seatrade Maritime. This marks the first instance of methanol being used as a fuel on a bulk carrier, highlighting a significant step in maritime environmental efforts.
Splash247
AF Offshore Decom has been awarded a contract by Ithaca Energy for the decommissioning of an unnamed FSU in the UK sector of the North Sea, as reported by Splash247. The 24,000-tonne vessel will be delivered to AF Environmental Base Vats (AFEBV) in 2026.
gCaptain
The Trump administration has expressed concerns that Peru is losing its sovereignty over the Chinese-owned Chancay Port, as reported by gCaptain. This follows a local judge's decision exempting the port from certain regulatory oversight.
