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Nasdaq-listed owner Toro Corp has added a modern products tanker to its fleet as it reduces its footprint in the LPG segment. The Petros Panagiotidis-led spinoff of Cyprus-based Castor Maritime has acquired the 2014-built MR2 tanker named Wonder Maia for $30.3m. The South Korea-built vessel was delivered to the company in late September. The acquisition …
https://splash247.com/toro-adds-to-tanker-fleet-with-30m-mr2-buy/
https://splash247.com/toro-adds-to-tanker-fleet-with-30m-mr2-buy/Greek bulker owner Diana Shipping has signed a $55m six-year secured term loan facility with the National Bank of Greece. The full amount of the loan, signed on September 29, 2025, was drawn down immediately. The new loan maturing in September 2031 is secured by five vessels. “Through this strategic transaction, the company reaffirms its …
https://splash247.com/diana-shipping-boosts-liquidity-with-55m-secured-term-loan/
https://splash247.com/diana-shipping-boosts-liquidity-with-55m-secured-term-loan/Excelerate Energy has received an award letter from Iraq to develop the country’s first floating LNG import terminal. The New York-listed regasification specialist said the award represents a step toward diversifying Iraq’s energy supply, stabilising its national grid and reducing reliance on pipeline gas imports. The project would see Excelerate lead development of an integrated …
https://splash247.com/excelerate-lines-up-iraq-flng-deal/
https://splash247.com/excelerate-lines-up-iraq-flng-deal/London has maintained its position as the world’s top maritime arbitration hub, although new data from HFW shows Asia’s centres are closing the gap. The law firm’s sixth Maritime Arbitration in Numbers report analysed responses from 19 arbitral bodies across 18 jurisdictions. It found that while London remains dominant, Singapore and Hong Kong are rapidly …
https://splash247.com/shipping-arbitration-landscape-shifts-beyond-london/
https://splash247.com/shipping-arbitration-landscape-shifts-beyond-london/Spanish towage giant Boluda has struck a $640m deal to acquire Royal Boskalis’ harbour towage and salvage business in Australia and Papua New Guinea, cementing its position as the world’s largest operator in the sector. The takeover hands Boluda operations at key bulk and energy hubs, including Sydney, Melbourne, Brisbane, Newcastle, Gladstone, Perth, and Port …
https://splash247.com/boluda-buys-boskalis-towage-arm-in-australia-and-papua-new-guinea-for-640m/
https://splash247.com/boluda-buys-boskalis-towage-arm-in-australia-and-papua-new-guinea-for-640m/Israeli forces stopped 14 boats carrying foreign activists and aid bound for Gaza, flotilla organisers said on Thursday, but 23 boats are continuing to sail towards the war-ravaged Palestinian enclave, according to the flotilla's tracking system.A…
https://www.marinelink.com/news/israel-intercepts-stops-gaza-aid-boats-530651
https://www.marinelink.com/news/israel-intercepts-stops-gaza-aid-boats-530651NYK Stolt Tankers, a joint venture between NYK and Stolt Tankers, has signed a contract with Nantong Xiangyu Shipyard in China to build two parcel chemical tankers.Scheduled for delivery in 2028 and 2029, the vessels will join the chemical tanker…
https://www.marinelink.com/news/nyk-stolt-jv-orders-two-chemical-tankers-530659
https://www.marinelink.com/news/nyk-stolt-jv-orders-two-chemical-tankers-530659ABS has granted two approvals in principle (AIP) for advanced cargo handling systems designed for liquefied natural gas (LNG) carriers and ethane carriers, developed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE).The subcooling refrigeration…
https://www.marinelink.com/news/abs-greenlights-hd-ksoes-lng-ethane-cargo-530660
https://www.marinelink.com/news/abs-greenlights-hd-ksoes-lng-ethane-cargo-530660A.P. Moller - Maersk (Maersk), in close collaboration with the owners, is retrofitting around 200 vessels in its time-chartered fleet as part of a large-scale program involving 50 different shipowners.The main aim of the program is to reduce…
https://www.marinelink.com/news/maersk-launches-major-retrofit-program-530664
https://www.marinelink.com/news/maersk-launches-major-retrofit-program-530664Saudi Arabia's Bahri announced the first order of six dry bulk carriers from International Maritime Industries (IMI), a milestone order marking the launch of Saudi Arabia’s first large-scale shipbuilding project.Ths ships will be built at IMI Ras Al-Khair shipyard.
https://www.marinelink.com/news/bahri-opts-imibuilt-bulk-carriers-530666
https://www.marinelink.com/news/bahri-opts-imibuilt-bulk-carriers-530666