Stay informed with real-time maritime industry updates
Seatrade Maritime
China Harbour Engineering Company has been awarded a project to design and construct a barge terminal and container yard at Tuas Port, as reported by Seatrade Maritime. This development marks a significant expansion in Singapore's port infrastructure.
Seatrade Maritime
MISC Berhad has returned to Hudong-Zhonghua Shipbuilding for an order of up to four LNG carriers, as reported by Seatrade Maritime. This move increases MISC's LNG carrier orderbook with the shipyard to a potential total of 10 vessels.
Splash247
Splash247 reports that approximately 3,200 vessels are stuck in the Persian Gulf due to escalating tensions between Iran and the US-Israel coalition. The VLCC freight rate from the Middle East to China surged to $423,700 a day, marking a significant increase of $205,600 from the previous day.
Offshore Energy
Greece's Asso.subsea has contracted China Merchants Heavy Industry for a second next-generation trenching support vessel, as reported by Offshore Energy. This move signifies further expansion in Asso.subsea's fleet capabilities.
Seatrade Maritime
Seatrade Maritime reports on Iran's threats to disrupt shipping in the Strait of Hormuz, a critical waterway in the Arabian Gulf. These threats have sparked concerns about the potential closure of the strait to commercial traffic.
Splash247
Swiss insurance giant Zurich is acquiring British insurer Beazley for £8.1bn, as reported by Splash247. Beazley, known for its significant marine portfolio, will be delisted from the London Stock Exchange but will remain a UK-based entity.
Splash247
Naftomar has been linked to a suezmax deal as rates in the Persian Gulf surpass $300,000, according to Splash247. The vessel Sigrun, previously known as Karvounis, was sold for approximately $2 million less than its prior purchase price. The deal comes amid a rapidly changing geopolitical landscape.
Splash247
Splash247 reports on a Russian-speaking hacking group, Diesel Vortex, which has stolen over 1,600 logins to logistics platforms, transforming carrier and broker identities into vulnerable attack surfaces. This development highlights the growing trend of freight fraud becoming a repeatable service.
Splash247
Union Maritime, a diversified UK owner, has reportedly placed its first order for newcastlemax bulkers, as reported by Splash247. The company has signed a provisional deal for up to four 215,000 dwt vessels at Wuhu Shipyard in China, with each ship costing around $76 million.
Splash247
Performance Shipping, a Greek tanker owner listed on Nasdaq, has contracted Shanghai Waigaoqiao Shipbuilding for two suezmax vessels, each costing $81.5 million, as reported by Splash247. The 158,000 dwt tankers are scheduled for delivery in October 2028 and May 2029.
