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technology June 4, 2026

AI's Impact on Shipmanagement: Opportunities and Challenges

Artificial intelligence is revolutionizing shipmanagement, from emissions reporting to autonomous watchkeeping, as discussed in Splash247's latest article. However, the industry faces challenges in fully integrating AI technologies, as highlighted at this week's Posidonia event.

fleet June 4, 2026

Xingtong Expands Fleet with Four New Chemical Tankers

Xingtong Shipping, a Chinese chemical tanker owner, has signed contracts for four stainless steel chemical tankers at three domestic shipyards, valued at approximately RMB697.3 million ($103 million), as reported by Splash247. The newbuilding agreements were made through its subsidiary, Xingtong Investment (Singapore), with Taizhou Maple Leaf Shipbuilding and Taizhou Kouan Shipbuilding.

fleet June 4, 2026

MTT Shipping Expands Fleet with New Boxship Order from Wuhu

MTT Shipping, a Malaysian containership operator, has advanced its fleet expansion strategy by ordering two 3,300 TEU newbuildings from Wuhu Shipyard in China, as disclosed via the Malaysian Stock Exchange. Splash247 reports that the order was placed by MTT Shipping's subsidiaries, MTT Shipping Pasir Gudang and MTT Shipping Miri.

fleet June 4, 2026

Abu Dhabi Shipbuilder Secures Record $354m Contracts

Safeen Drydocks has landed vessel construction contracts worth $354 million, marking the largest awards in its history, as reported by Splash247. The Abu Dhabi-based shipbuilder, a joint venture under Noatum Maritime, is contributing to the UAE's goal of becoming a regional shipbuilding hub.

fleet June 4, 2026

Aegean Shipping Ventures into VLCC Market with New Orders

Aegean Shipping Management has entered the VLCC sector by ordering two supertankers from Hengli Heavy Industries in China, as part of a larger four-ship newbuilding package, Splash247 reports. The Piraeus-based company also contracted two LR2/aframax tankers, though pricing and delivery details remain undisclosed.

gCaptain
market June 4, 2026

Oil Exits Hormuz Amid Stealthy Trader Tactics

The flow of tankers through the Strait of Hormuz has increased recently as traders employ stealth measures, according to gCaptain. This development is releasing some of the oil inventories trapped in the Gulf, but it does not indicate a return to normalcy, as reported by the source.

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