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Romania’s Damen Shipyards Mangalia has formally entered the decisive stage of its insolvency restructuring after judicial administrator Casa de Insolvență Transilvania (CITR) submitted a reorganisation plan to the syndic judge. The Romanian yard, under insolvency since June 2024, aims to resume full activity through a business transfer to a strategic investor while preserving jobs and …
https://splash247.com/romanias-mangalia-shipyard-courts-strategic-investors/
https://splash247.com/romanias-mangalia-shipyard-courts-strategic-investors/South Korea’s Namsung Shipping and Dongyoung Shipping have turned to China for new tonnage, placing orders for four containerships at CSSC’s Huangpu Wenchong Shipbuilding. The two Korean operators have contracted the Guangzhou-based yard, together with China Shipbuilding Trading Co, for a pair of 4,300 teu containerships and two 1,900 teu feeder vessels. The deal marks …
https://splash247.com/south-korean-owners-turn-to-chinese-yard-for-new-boxship-tonnage/
https://splash247.com/south-korean-owners-turn-to-chinese-yard-for-new-boxship-tonnage/Ships under attack, oil spills, soaring tanker rates, punishing bunker bills, 20,000 stranded seafarers and 3,200 marooned vessels – just some of the takeaways from the first week of Operation Epic Fury, the Trump administration’s bid – in cooperation with Israel – to reduce the perceived threat posed by Iran. The ongoing war has led …
https://splash247.com/splash-wrap-iran-front-and-centre/
https://splash247.com/splash-wrap-iran-front-and-centre/Every year, Maritime CEO reaches out to ask the industry for what they see as the big tech developments or breakthroughs we should anticipate. Answers are carried below. As we move through 2026, the maritime industry is entering a critical maturation phase. The initial gold rush of digital adoption – where the mere act of …
https://splash247.com/how-this-year-will-define-the-future-of-shipping-technology/
https://splash247.com/how-this-year-will-define-the-future-of-shipping-technology/The US Treasury has issued a narrowly targeted, 30‑day sanctions waiver allowing Indian refiners to accept Russian‑origin crude and petroleum cargoes already loaded aboard tankers by way of helping fill the gap left by the ongoing war between Iran and the US/Israeli coaliton, which has paralysed hundreds of tankers in the Middle East. The waiver …
Amid soaring tanker rates, a US‑led naval coalition has warned shipping that stationary vessels and ships on predictable routes are “credible” targets for sabotage across the Middle East, after a tanker linked to the Stena‑Sonangol suezmax pool was struck off the Iraqi coast. The Combined Maritime Forces’ Joint Maritime Information Center (JMIC) advisory underscores that …
https://splash247.com/vlcc-day-rates-surge-above-half-million-dollars/
https://splash247.com/vlcc-day-rates-surge-above-half-million-dollars/Around 50 French ships are currently blocked in the Persian Gulf and another eight in the Red Sea, France's Transport Minister Philippe Tabarot said on Friday, as Paris seeks support to build a coalition of countries to secure shipping traffic in the region."There are around fifty ships - 52 to be p
https://www.marinelink.com/news/french-ships-stuck-gulf-waters-minister-536606
https://www.marinelink.com/news/french-ships-stuck-gulf-waters-minister-536606Hong Kong conglomerate CK Hutchison said on Friday it has escalated its legal fight in Panama after the government seized its port operations, petitioning for a review of the decree behind the takeover.The company said Panama unlawfully occupied facilities…
https://www.marinelink.com/news/ck-hutchison-challenges-panamas-port-536608
https://www.marinelink.com/news/ck-hutchison-challenges-panamas-port-536608Maersk, one of the world's biggest container shipping groups, said on Friday it has temporarily suspended two services linking the Middle East to Asia and Europe as the Iran conflict continues to disrupt global supply chains.The Danish group said in a statement it would halt its FM1 service connecti
https://www.marinelink.com/news/maersk-pauses-key-shipping-routes-middle-536609
https://www.marinelink.com/news/maersk-pauses-key-shipping-routes-middle-536609Maritime leaders must use a single voice to challenge roadblocks and spotlight opportunities in an operating landscape that is fraught with turmoil, writes Intent Communications CEO Namrata Nadkarni. The maritime industry is no stranger to volatility, but the start of 2026 has brought a convergence of crises that would test even the most seasoned veteran. …
https://splash247.com/speak-up-for-our-sector/
https://splash247.com/speak-up-for-our-sector/