Stay informed with real-time maritime industry updates
Seatrade Maritime
Seatrade Maritime reports that despite US port fees, there is a significant growth in containership orders placed in China, indicating shipowners remain focused on expanding their fleets. This trend suggests that the fees have not redirected investment away from Chinese shipyards.
Splash247
AD Ports Group has entered into a preliminary agreement with the Democratic Republic of Congo's Ministry of Transport and Onatra to explore the development of a multipurpose terminal at Matadi port, as reported by Splash247. This agreement outlines a framework for cooperation between the Abu Dhabi-based group and Congolese authorities.
Splash247
Fugro has been awarded a contract to conduct a geotechnical survey for TotalEnergies' NordSee Energies 1 offshore wind farm, located 170 km off the coast of Germany, as reported by Splash247. The survey aims to assess seabed conditions for planned wind turbine installations and inter-array cable routes. Fugro has already commenced fieldwork, deploying a fleet of five specialized vessels.
Offshore Energy
Offshore Energy reports that Seatrium has completed a multimillion-dollar sale of its Texas shipyard to Karpower Valley, an affiliate of Türkiye's Karpowership. This strategic move aims to enhance capital and operational efficiencies while unlocking value from surplus facilities.
Splash247
Atlas Maritime, led by Leon Patitsas, has returned to the suezmax market by ordering new vessels from South Korea’s DH Shipbuilding, as reported by Splash247. The company has secured two firm suezmax newbuildings, with options for two additional vessels.
Splash247
The container shipping industry is bracing for a significant downturn as the sector's super-cycle concludes, according to a report by Linerlytica. Splash247 reports that the consultancy has highlighted the impending end of the cash windfall that has characterized recent years. This marks a potential shift in the market dynamics for liner shipping.
Offshore Energy
Offshore Energy reports that Akrake Petroleum, a subsidiary of Lime Petroleum Holding, is finalizing the hook-up of a mobile offshore production unit and a floating storage and offloading unit at an oil field off the coast of Benin. This field has been inactive since the late 1990s, and the completion of these activities marks a significant milestone.
Splash247
Bruton, a VLCC owner backed by Tor Olav Trøim, is in discussions with China's New Times Shipyard about potentially adding two more vessels to its newbuilding program, as reported by Splash247. This move could increase Bruton's VLCC newbuilding pipeline significantly.
Splash247
MPC Capital, a German asset manager, has partnered with Norwegian investor Morten Astrup's Storm Capital Management to launch a new shipping investment platform, as reported by Splash247. The platform, named MPC Storm Maritime Opportunities (MSO), has achieved a $35 million first close with backing from experienced maritime investors and aims to raise over $70 million.
Splash247
A jury at the Old Bailey in the UK has convicted Russian captain Vladimir Motin of manslaughter by gross negligence after his containership, Solong, collided with the anchored US-flag tanker Stena Immaculate off the Humber, leading to a fatal fire, as reported by Splash247. The incident resulted in the death of tanker crewman Mark Angelo Pernia.
