Stay informed with real-time maritime industry updates
Splash247
Malaysia's MISC has won a contract with ExxonMobil to provide Papua New Guinea's first offshore floating storage and offloading (FSO) unit, as reported by Splash247. The 15-year agreement includes an option for a 15-year extension, with operations set to begin in the first half of 2028 under the Kutubu Pipeline.
Seatrade Maritime
Anemoi has renewed its four-year Frame Agreement with Cosco shipyards, as reported by Seatrade Maritime. This renewal follows nine successful wind-power installations at Cosco yards.
Splash247
Dynacom Tankers Management, led by George Procopiou, is expanding its fleet with an order for nine suezmax newbuildings at Hengli Shipbuilding in China. As reported by Splash247, this order is part of a larger batch of ten 158,000 dwt crude carriers recently booked at the yard.
Cosco Shipping Car Carriers has introduced a new service aimed at exporting automobiles from Southwestern China to Dubai and Saudi Arabia, as reported by Seatrade Maritime. This initiative targets automobile manufacturers in the region to facilitate their export operations.
Offshore Energy
Vantage Drilling International has secured a multi-year contract for its 2010-built drillship with India's state-owned ONGC, as reported by Offshore Energy. The drillship will operate off the coast of India, marking a significant assignment for the Bermuda-exempted offshore drilling contractor.
Splash247
Sinokor has become the largest operator of Very Large Crude Carriers (VLCCs) worldwide, following a significant acquisition of over 50 secondhand VLCCs and securing substantial tonnage under time charter, as reported by Splash247.
Splash247
Nordic American Tankers has sold its 2003-built suezmax, Nordic Pollux, for $25 million, highlighting the robust secondhand market for older tankers, as reported by Splash247. The sale of the Japan-built 150,103 dwt tanker was completed debt-free, with all proceeds going to the New York-listed owner.
Seatrade Maritime
AET has placed an order for the first hybrid-electric dynamic positioning shuttle tanker, set to be delivered by Dalian Shipbuilding in 2028, as reported by Seatrade Maritime. This dual-fuel ethanol-ready suezmax vessel marks a significant step in sustainable maritime technology.
Splash247
Danaos, a New York-listed company, has announced its entry into the bulker newbuild market with an order for two newcastlemax bulkers, each with a capacity of about 211,000 dwt, as reported by Splash247. This move is part of a six-ship order program aimed at diversifying its fleet and investment portfolio.
Seatrade Maritime
Victoria International Container Terminal has secured a 26-year contract extension for the Webb Dock East terminal, as reported by Seatrade Maritime. This extension ensures operations at the Melbourne location will continue until 2066.
