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An Indian logistics company has become a shipowner. Ashapura Shipping Group, Kandla has bought a 14-year-old handysize bulk carrier from Wilmar. The ship, formerly called Arawana, has been renamed Imperial Varalaxmi. No price has been revealed for the acquisition. Ashapura Shipping, founded in the early 1990s, has tippers, excavators, cranes, and grabs, supporting large-scale bulk and …
https://splash247.com/new-indian-shipowner-emerges/
https://splash247.com/new-indian-shipowner-emerges/US forces boarded and seized the Panamanian‑flagged VLCC Veronica III in the Indian Ocean after tracking the tanker from the Caribbean, the Pentagon said yesterday, in the latest sign that Washington is willing to take extraordinary measures to enforce its blockade of sanctioned oil flows linked to Venezuela and other state actors. The Pentagon said …
https://splash247.com/us-seizes-another-vlcc-fleeing-from-venezuela/
https://splash247.com/us-seizes-another-vlcc-fleeing-from-venezuela/The Trump administration’s long‑awaited Maritime Action Plan (MAP) has resurrected a controversial proposal to charge foreign‑built ships a per‑kilogram fee on imported cargo, reviving a levy threat that could reshape global trade economics if enacted. The 36‑page plan, released after months of delay, set out a four‑pillar strategy to rebuild US shipbuilding capacity, reform training, …
https://splash247.com/trumps-maritime-action-plan-revives-threat-of-port-fees/
https://splash247.com/trumps-maritime-action-plan-revives-threat-of-port-fees/The father and son heads of the Caravel Group – Harry and Angad Banga – have joined the board at dry bulk major Pacific Basin having built up a stake in the listed company of more than 20%. Stanley Ryan, chairman of the Pacific Basin board, said, “Following constructive engagement with Caravel, we are pleased …
https://splash247.com/bangas-join-the-board-at-pacific-basin/
https://splash247.com/bangas-join-the-board-at-pacific-basin/Germany’s Hapag-Lloyd has confirmed it is in advanced negotiations to acquire all shares in Israeli rival ZIM Integrated Shipping Services in a deal reported to be worth up to $3.7bn. In a brief statement, the Hamburg-based carrier said no binding agreement has yet been signed and that approvals from its management and supervisory boards are …
https://splash247.com/hapag-lloyd-closes-in-on-zim-takeover/
https://splash247.com/hapag-lloyd-closes-in-on-zim-takeover/The Damietta Alliance Container Terminal (DACT) officially began commercial operations over the weekend as Hapag‑Lloyd’s 13,117 teu Essen Express made the inaugural call, marking the launch of a new Mediterranean‑North Africa transhipment hub built with more than $600m of investment. DACT is designed primarily for transhipment and has an annual handling capacity of up to 3.3m …
https://splash247.com/3-3m-teu-transhipment-hub-opens-in-egypt/
https://splash247.com/3-3m-teu-transhipment-hub-opens-in-egypt/Captain Vladimir Motin was sentenced to six years’ jail on February 2 after being found guilty of “gross negligence manslaughter” for his role in the container ship Solong’s ramming of the anchored tanker Stena Immaculate in March 2025.The circumstances of his case…
https://www.marinelink.com/news/solong-captains-sentencing-highlights-535755
https://www.marinelink.com/news/solong-captains-sentencing-highlights-535755Marine fuel sales at the world's largest bunker hub of Singapore posted a strong start to 2026, driven by healthy demand and higher price premiums, based on port data and trade sources.January 2026 volumes totalled 5.23 million metric tons, up 16.5% year-on-year…
https://www.marinelink.com/news/singapore-bunker-sales-maintain-strong-535756
https://www.marinelink.com/news/singapore-bunker-sales-maintain-strong-535756Pioneer Illinois shipwreck hunter Paul Ehorn has discovered of one of Lake Michigan’s most sought-after missing ships, the passenger steamer Lac La Belle.The ship had been missing in the depths of Lake Michigan since a stormy night in October of 1872.
https://www.marinelink.com/news/lake-michigan-passenger-steamer-found-535757
https://www.marinelink.com/news/lake-michigan-passenger-steamer-found-535757New York-listed Greek owner Safe Bulkers has sold a 14-year-old capesize as it presses ahead with its fleet renewal programme. The company said it has agreed to dispose of the 2012 Chinese-built Michalis H for $35.2m. Delivery to the new owner is scheduled within the first quarter of 2026. The group currently operates around 45 …
https://splash247.com/safe-bulkers-banks-35m-from-capsize-sale/
https://splash247.com/safe-bulkers-banks-35m-from-capsize-sale/