Stay informed with real-time maritime industry updates
Splash247
Frontline, a tanker company controlled by John Fredriksen, has confirmed the sale of its two oldest suezmax tankers, built in 2014 and 2015, as part of a fleet renewal strategy, according to Splash247. The New York and Oslo-listed company agreed to the sale in April to an unrelated buyer.
Splash247
Greek containership owner Euroseas has partnered with Norwegian investors to co-own a newbuild vessel, as reported by Splash247. The joint venture involves a group of investors represented by NRP Project Finance and pertains to the third vessel in a series of 4,484 teu containerships under construction in China.
Offshore Energy
Italy's energy company Eni has successfully secured three new long-term LNG supply agreements for its gas projects in Indonesia, as reported by Offshore Energy. This development marks a significant milestone for Eni in Southeast Asia.
gCaptain
Japan is set to receive its first oil shipment from the Persian Gulf through the Strait of Hormuz since the onset of the Iran war, as reported by gCaptain. This marks a significant development for one of Asia's largest energy importers.
Offshore Energy
The Arab Energy Fund (TAEF) has expanded its energy investments by committing funds to MidOcean Energy, an LNG-focused entity managed by EIG Global Energy Partners, as reported by Offshore Energy. This strategic move aims to enhance TAEF's energy portfolio.
Offshore Energy
Offshore Energy reports that survey work has commenced at the Awel y Môr offshore wind farm following the UK Contract for Difference (CfD) award. This development marks a significant step forward for the project.
Seatrade Maritime
Seatrade Maritime reports that three Very Large Crude Carriers (VLCCs) have successfully exited the Strait of Hormuz, accompanied by new industry guidance for navigating the waterway. Additionally, the United States has charged container manufacturers, as highlighted in the maritime news roundup.
Splash247
Iran has proposed an insurance-based framework to manage the Strait of Hormuz, aiming to formalize its control over this vital oil shipping route, as reported by Splash247. The plan includes mandatory cargo declarations for all vessels with a new Iranian maritime authority before transit is allowed.
Offshore Energy
French geophysical services company Viridien has commenced a multi-client ocean bottom node (OBN) survey in the Central North Sea, as reported by Offshore Energy. This initiative marks a significant step in geophysical data acquisition in the region.
Splash247
The disruption in the Strait of Hormuz has led to a significant increase in Panama Canal traffic, with the canal operating near its maximum capacity due to a surge in US energy exports to Asia, as reported by Splash247. BIMCO's analysis indicates an 8% year-on-year rise in average daily transits through the canal, reaching 38 vessels in 2026.
