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gCaptain
environment February 16, 2026

Shipping Industry Meets 2025 Vessel Speed Reduction Goals

The 2025 Vessel Speed Reduction (VSR) Season saw the shipping industry successfully adapt to larger zones and higher award thresholds, as reported by gCaptain. The Blue Whales and Blue Skies (BWBS) initiative highlighted these achievements in their latest results and rankings.

gCaptain
market February 16, 2026

South Korean Tycoon's Bet Shakes Oil Tanker Market

A significant move by a South Korean tycoon has disrupted the oil market by acquiring a substantial share of the tanker sector, as reported by gCaptain. This strategic action was supported by one of the industry's wealthiest figures, highlighting the shifting dynamics in the oil transportation industry.

Splash247
fleet February 16, 2026

Beihai Capesize Bulker Sold for Demolition in Bangladesh

The 2002-built capesize bulker Beihai has been sold for demolition in Bangladesh, marking the first capesize recycling deal of the year, as reported by Splash247. The vessel, managed by Green Ocean Ship Management and flying the flag of St Kitts & Nevis, is noted as a rare vintage sale.

Beihai (bulk)
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