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Maran Tankers has stepped back into the VLCC newbuilding market, sealing a four-ship deal at South Korea’s Hanwha Ocean after a four-year pause from ordering in the segment. Hanwha Ocean confirmed the contract on Monday, detailing a KRW 757.7bn ($516m) package for four 320,000 dwt crude carriers. The price works out at about $129m per …
https://splash247.com/maran-tankers-joins-vlcc-rush-with-four-newbuilds-at-hanwha-ocean/
https://splash247.com/maran-tankers-joins-vlcc-rush-with-four-newbuilds-at-hanwha-ocean/Diana Shipping has made its move on New York-listed Genco Shipping & Trading, tabling a cash offer to acquire all remaining shares it does not already own at $20.60 per share. The Athens-based owner, led by chief executive Semiramis Paliou, holds 14.8% of Genco after steadily building its position since first disclosing a 7.7% stake …
https://splash247.com/diana-shipping-tables-buyout-offer-for-genco/
https://splash247.com/diana-shipping-tables-buyout-offer-for-genco/Sweden will choose a supplier for its multi-billion Swedish crown acquisition of four new frigates early next year, the defence minister said on Monday.Sweden is in an intense buildup of its forces in the wake of Russia's invasion of Ukraine…
https://www.marinelink.com/news/sweden-choose-frigate-supplier-early-532818
https://www.marinelink.com/news/sweden-choose-frigate-supplier-early-532818Dr. Rosalie Balkin, who was nominated by the Government of Australia, was honoured at the annual IMO Awards Ceremony, held in London on November 24, 2025. The ceremony followed the first day of the 34th session of the IMO Assembly, taking place from November 24 to December 3, 2025. Handing Dr.
https://www.marinelink.com/news/dr-rosalie-balkin-receives-imo-532823
https://www.marinelink.com/news/dr-rosalie-balkin-receives-imo-532823Officer Lee Tae Young, a first mate from the Republic of Korea, has been awarded the IMO Award for Exceptional Bravery at Sea, in recognition of his heroic actions that saved 12 fellow crew members from the Geum Seong No. 135 when it sunk in November 2024.
https://www.marinelink.com/news/acts-bravery-sea-honored-annual-imo-532824
https://www.marinelink.com/news/acts-bravery-sea-honored-annual-imo-532824Two cargo vessels were headed for grain port terminals near New Orleans on Monday to load with the first U.S. soybean shipments to China since May, according to a shipping schedule seen by Reuters.A third vessel was en route to a Texas Gulf Coast grain terminal to be loaded with China-bound U.S.
https://www.marinelink.com/news/us-expecting-china-soybean-trade-revival-532826
https://www.marinelink.com/news/us-expecting-china-soybean-trade-revival-532826The Maritime and Port Authority of Singapore (MPA) will issue licenses to supply methanol as marine fuel in the Port of Singapore from January 1, 2026, following the Call for Applications launched in March 2025.Licenses will be awarded to Global Energy Trading…
https://www.marinelink.com/news/singapore-bunker-methanol-next-year-532828
https://www.marinelink.com/news/singapore-bunker-methanol-next-year-532828This has been a disastrous week for nearly all the key indicators tracked by cash buyer GMS, says the company, including the state of oil futures, freight rates, local steel plate prices, and disastrous currency devaluations (especially in India).“To start…
https://www.marinelink.com/news/oil-shock-ship-recyclers-532833
https://www.marinelink.com/news/oil-shock-ship-recyclers-532833The livestock carrier Spiridon II has unloaded cattle in the Libyan city of Benghazi after being stranded off the Turkish coast for more than a month after a month-long voyage from Uruguay with nearly 3,000 cattle on board.The Spiridon II is…
https://www.marinelink.com/news/spiridon-ii-call-imo-investigation-532834
https://www.marinelink.com/news/spiridon-ii-call-imo-investigation-532834Drydocks World has completed the full conversion and integration of the EMEM Floating production storage and offloading (FPSO) unit, delivering a key offshore asset to support production at Nigeria’s Okwok field.The FPSO, converted from double-hulled tanker…
https://www.marinelink.com/news/drydocks-world-converts-tanker-fpso-ahead-532838
https://www.marinelink.com/news/drydocks-world-converts-tanker-fpso-ahead-532838