Stay informed with real-time maritime industry updates
gCaptain
A.P. Moller-Maersk A/S is planning job cuts and emphasizing cost discipline to protect its earnings as freight rates decline, coinciding with the reopening of Red Sea routes, reports gCaptain. The company's shares have fallen in response.
Splash247
Japan’s Nippon Yusen Kaisha (NYK) and Norwegian ship leasing company Ocean Yield have finalized long-term charter contracts for new LNG carriers with US-based Cheniere, as reported by Splash247. This agreement confirms earlier market speculation from December about the companies' plans for a series of LNG carriers.
gCaptain
Damen Shipyards Group has successfully completed sea trials for the seventh Island Class ferry for BC Ferries, as reported by gCaptain. This vessel is part of a series of ten Island Class ferries being constructed.
Seatrade Maritime
Seatrade Maritime reports that Malaysia's Exclusive Economic Zone has become a focal point for sanctioned crude oil ship-to-ship transfers, valued at $47.7 billion, between Iran and China. The United Against Nuclear Iran (UANI) has called for action against these 'dark fleet' activities.
gCaptain
The Arc7 ice-class LNG carrier Alexey Kosygin has successfully completed its first delivery to the Saam floating storage and regasification unit near Murmansk, as reported by gCaptain. This marks a significant event amid concerns over the Arctic fleet's capacity.
Seatrade Maritime
United Overseas Group has acquired Norvic Shipping's dry bulk assets, including three trading vessels and six newbuilds set for delivery this year and next, as reported by Seatrade Maritime. This strategic acquisition enhances United Overseas Group's fleet capabilities.
Offshore Energy
Chevron Australia has achieved a significant milestone by marking its 2,000th LNG cargo from its major gas project off the northwest coast of Western Australia, as reported by Offshore Energy. This accomplishment highlights the ongoing success of Chevron's operations in the region.
Offshore Energy
Stena Drilling, based in Scotland, has received DNV’s Abate (P+) notation for one of its drillships, highlighting its commitment to reducing greenhouse gas emissions. Offshore Energy reports that this achievement underscores the company's efforts to enhance environmental sustainability in its operations.
Seatrade Maritime
NYK has signed its first long-term LNG carrier charters with Cheniere, involving an undisclosed number of newbuildings in partnership with Ocean Yield at HD Hyundai Heavy Industries, as reported by Seatrade Maritime.
Offshore Energy
ExxonMobil Guyana has completed the acquisition of a floating production, storage, and offloading (FPSO) unit off the coast of Guyana for $2.32 billion, as reported by Offshore Energy. Despite the change in ownership, Netherlands-based SBM Offshore will continue to manage the operations of the FPSO.
