Latest Maritime News

Splash247

fleet February 12, 2026

Oldendorff Carriers Sells Two Post-Panamax Vessels

Oldendorff Carriers, led by Henning Oldendorff, has sold two post-panamax vessels, as reported by Splash247. The Pia Oldendorff, built in 2013, was sold for approximately $19 million, while the Peter Oldendorff, built in 2012, was sold for around $18 million.

Pia Oldendorff (bulk) Peter Oldendorff (bulk)

Splash247

Splash247

fleet February 12, 2026

Hahn & Co Divests 10 VLCCs to Pan Ocean in $694M Deal

Splash247 reports that Hahn & Company is selling 10 very large crude carriers operated by SK Shipping to Pan Ocean for KRW973.7bn ($694m). The transaction, which includes long-term cargo contracts with major domestic shippers, is expected to be finalized by April 11, 2027.

Splash247

Seatrade Maritime

fleet February 12, 2026

Hengli Heavy Industry Secures 11 VLCC Orders from Capital

Hengli Heavy Industry has secured an order for 11 Very Large Crude Carriers (VLCCs) from the Evangelos Marinakis-led Capital group, as reported by Seatrade Maritime. This move marks a significant expansion in Capital's fleet of large tankers.

Seatrade Maritime

Splash247

fleet February 12, 2026

Saltchuk Acquires Great Lakes Dredge & Dock in $1.5bn Deal

Saltchuk Resources is set to expand its maritime operations in the US by acquiring Great Lakes Dredge & Dock for $1.5 billion, as reported by Splash247. This all-cash transaction will take the Nasdaq-listed company private, offering shareholders $17.00 per share, which represents a 25% premium to the 90-day VWAP.

Splash247

Seatrade Maritime

operations February 12, 2026

Panama Canal Partners with US to Boost Grain Shipments

Seatrade Maritime reports that the Panama Canal has entered into a partnership with the US Grains & BioProducts Council to enhance trade flow through the canal. This agreement aims to improve the efficiency of US grain shipments, a vital component of the canal's operations.

Seatrade Maritime

Splash247

market February 12, 2026

Seafarer Crisis: Industry Faces Potential Workforce Exodus

Henrik Jensen, CEO of Danica Crewing Services, emphasizes that the shipping industry should not be viewed as uniquely troubled compared to others. Recent warnings from the World Maritime University highlight a potential global seafarer crisis, with surveys indicating that up to half of seafarers might leave the industry within five years, as reported by Splash247.

Splash247

Seatrade Maritime

environment February 12, 2026

NYK's Methanol Bulker Achieves 65% Emissions Cut

The Green Future, a bulk carrier chartered by BHP, has achieved a 65% reduction in emissions by using methanol as fuel, as reported by Seatrade Maritime. This marks the first instance of methanol being used as a fuel on a bulk carrier, highlighting a significant step in maritime environmental efforts.

Green Future (bulk)

Seatrade Maritime

Splash247

operations February 12, 2026

AF Offshore Decom Secures Contract for North Sea FSU Removal

AF Offshore Decom has been awarded a contract by Ithaca Energy for the decommissioning of an unnamed FSU in the UK sector of the North Sea, as reported by Splash247. The 24,000-tonne vessel will be delivered to AF Environmental Base Vats (AFEBV) in 2026.

Splash247

gCaptain

ports February 11, 2026

U.S. Concerns Over Chinese Influence at Peru's Chancay Port

The Trump administration has expressed concerns that Peru is losing its sovereignty over the Chinese-owned Chancay Port, as reported by gCaptain. This follows a local judge's decision exempting the port from certain regulatory oversight.

Chancay Port (PE)

gCaptain

gCaptain

market February 11, 2026

Hapag-Lloyd Sees Lower 2025 Profits Amid Rising Costs

Hapag-Lloyd has reported preliminary financial results for 2025, which, despite being at the upper end of its guidance, show a significant drop in earnings due to increased operating costs and lower freight rates, as noted by gCaptain. The development of the Gemini Network is underway, contributing to the company's strategic adjustments.

gCaptain