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US tanker owner International Seaways has snapped up a modern VLCC while disposing ageing product carriers. The New York-listed firm said in its quarterly earnings report it had struck a deal to buy an unnamed 2020-built scrubber-fitted supertanker for $119m. The purchase, expected to close in the fourth quarter, will be funded by proceeds from …
Tallink Grupp’s subsidiary, Tallinn–Helsinki Lin, has sold the cargo vessel Regal Star to the Turkish company Ams Line Shipping.The vessel was officially handed over to its new owner on August 6, 2025, and the details of the transaction have not been disclosed.In April…
https://www.marinelink.com/news/regal-star-cargo-vessel-changes-hands-528720
https://www.marinelink.com/news/regal-star-cargo-vessel-changes-hands-528720On August 5, a naming ceremony took place at the Sakaide Works of Kawasaki Heavy Industries Ltd. for a newly built very large gas carrier (VLGC). This vessel marks the sixth dual-fuel LPG (liquefied petroleum gas) carrier ordered by NYK, following…
https://www.marinelink.com/news/nyk-newly-built-lpg-carrier-named-luna-528724
https://www.marinelink.com/news/nyk-newly-built-lpg-carrier-named-luna-528724Pacific-Gulf Marine (PGM) has been awarded three 10-year firm contracts with a total value of approximately $621 million, including fixed fees and reimbursables. Of the six ships PGM will manage on behalf of the U.S. Maritime Administration (MARAD)…
https://www.marinelink.com/news/pacificgulf-marine-awarded-ship-manager-528726
https://www.marinelink.com/news/pacificgulf-marine-awarded-ship-manager-528726Today, Friday, Wednesday 06 2025, the Baltic Dry Index climbed by 73 points, reaching 1994 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1994-up-73-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1994-up-73-points/Dutch surveyor Fugro has been awarded a contract for the 700MW Youde offshore wind farm by Shinfox Energy in Taiwan’s Round 3.2 offshore wind tender. Under the contract, Fugro will deliver comprehensive geotechnical services to support the development of the Youde project, located off the west coast of the country. The offshore wind farm is …
https://splash247.com/fugro-hired-for-offshore-wind-farm-site-investigation-off-taiwan/
https://splash247.com/fugro-hired-for-offshore-wind-farm-site-investigation-off-taiwan/Offshore drilling giant Noble Corporation has announced several new rig deals in its latest fleet status report, along with some rig sales. The 2014-built 7th-generation drillship Noble Stanley Lafosse won an extension with its current customer, Murphy Oil, for five more wells. The rig started working for the customer in the Gulf of Mexico in …
https://splash247.com/nobles-fleet-attracts-new-deals-and-rig-buyers/
https://splash247.com/nobles-fleet-attracts-new-deals-and-rig-buyers/Political and economic risk blindsided the market in the first six months of the year, we need to be smarter in H2, argues Thomas Zaidman, managing director of Sagitta Marine. Shipping has a herd mentality when it comes to the news; running towards the light when the story is positive and holding back when it …
Brokers report that Oldendorff Carriers has sold another ship in its preferred segment, parting with a 2011-built, 95,000 dwt Imabari-built post-panamax bulker Cedric Oldendorff for around $16m. This marks the third sale in this segment since February. Earlier, the company sold the 2012-built Cora Oldendorff, a Taizhou Catic-built bulk carrier, for just under $14m. Notably, …
https://splash247.com/oldendorff-makes-16m-from-post-panamax-sale/
https://splash247.com/oldendorff-makes-16m-from-post-panamax-sale/New Chinese entrant China Bunker has joined the LNG bunkering sector with an order for up to two vessels. The Shanghai-based company has signed a contract with Dalian Shipbuilding Offshore Co (DSOC) for one 20,000 cu m LNG bunkering vessel, with an option for a second. Pricing and delivery dates have not been disclosed. The …
https://splash247.com/chinese-player-taps-dalian-yard-for-lng-bunker-newbuilds/
https://splash247.com/chinese-player-taps-dalian-yard-for-lng-bunker-newbuilds/