Stay informed with real-time maritime industry updates
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.
Splash247
Splash247 reports that Vanuatu has issued a warning about a fraudulent website, registervu.com, impersonating its registry. This issue is part of a broader trend affecting Pacific island nations, with Tonga also recently denouncing false flag operations.
Splash247
The US military intercepted the tanker Aquila II after a global chase from the Caribbean to the Indian Ocean, as part of efforts to curb Venezuelan oil exports, reports Splash247. The 22-year-old suezmax was partially laden when it was captured following the arrest of Venezuelan leader Nicolas Maduro five weeks ago.
Splash247
Pelagic Partners, a Cyprus-based shipowner and fund manager, is preparing to list its shipping credit platform, Pelagic Credit, on Euronext Growth Oslo to raise equity for expanding its vessel portfolio, as reported by Splash247. The initiative focuses on building a yield-driven portfolio supported by long-term contracted earnings.
