Seacon snaps up seven Baltic Shipping bulkers
China’s Seacon Shipping has expanded its fleet through a €63.7m ($66.5m) deal for seven modern mini bulkers. The Hong Kong-listed company said in a filing it had purchased the Baltic Fin, Baltic Grain, Baltic Moon, Baltic Wind, Baltic Steel, Baltic Sun and the Baltic Split from Baltic Shipping at $9.1m each. The 3,800-3,900 dwt vessels […]
CMB.TECH banks $46.5m from triple sale
Antwerp-based owner and operator CMB.TECH has offloaded three of its vessels, securing a profit of $46.52m. The Saverys family-led group is shipping out the 2007-built suezmax tanker Cap Lara in a deal that will bring in a capital gain of $18.77m. The 2007 Samsung-built 158,826 dwt will be delivered to an undisclosed buyer in the […]
COSCO readies $1.1bn tanker investment
The tanker division of the world’s largest shipowner is readying $1.1bn for its newbuilding programme. COSCO Shipping Energy Transportation is issuing RMB8bn worth of A shares to raise cash to build three aframaxes, six VLCCs and two LNG carriers. The aframaxes will be built by sister firm COSCO Shipping Heavy Industry (Yangzhou), while all the […]
Anthony Veder buys ethylene carrier from ADNOC
Dutch owner Anthony Veder has bought the Yas, a 9,000 cu m ethylene carrier from Abu Dhabi National Oil Company (ADNOC) for an undisclosed price, renaming it Coral Palmata. The gas carrier addition takes Anthony Veder’s fleet to 29 ships. Jan Valkier, CEO of Anthony Veder, said: “We are very proud to serve our customers […]
Port Botany set for major rail upgrade
DP World and NSW Ports are co-investing A$400m ($250m) to extend the rail terminal at Port Botany in Sydney to double capacity to more than 1m teu per year. The project – which will start on site in June and take two years to compete – comprises the addition of five new rail sidings to […]
Navantia completes Harland & Wolff buy-out
Spain’s Navantia has completed its buy-out of the UK’s Harland & Wolff, securing jobs at four yards in Northern Ireland, England and Scotland. “By combining Harland & Wolff’s proud heritage and facilities with Navantia’s global expertise in defence, maritime and renewable energy, we are creating an exceptional platform for growth,” said Ricardo Dominguez, chairman of […]
Icon Offshore to become Lianson Fleet Group
Malaysian OSV owner Icon Offshore has secured shareholders’ approval to change its name to Lianson Fleet Group (LFG) as it sets sights on significant fleet expansion. Last year, the Bursa Malaysia listed firm with around 20 OSVs struck a deal that will see it adding 40 vessels, the majority of which from Yinson’s founder and […]
Tidal Transit forms South Korean offshore wind partnership
UK-based supplier of purpose-design crew transfer vessels (CTVs) Tidal Transit has signed a memorandum of understanding with Britoil Offshore Services and Sky Offshore to develop, fund, build and operate offshore support vessels for the South Korean offshore wind industry. South Korea has made significant progress in the development of its offshore sector and has set […]
Penta-Ocean hires Seatrium for construction of offshore wind heavy lift vessel
Singapore shipyard group Seatrium has been awarded a contract from Japan-based Penta-Ocean Construction (POC) to construct a heavy lift vessel set to operate in the Japanese offshore wind market. This will be the fifth and largest vessel to be added to POC’s fleet, enabling them to undertake larger wind turbine projects. The vessel will be […]
IMO seminar sheds light on safety and sustainability issues in Polar shipping
The 2025 Polar Maritime Seminar, jointly organized by the International Maritime Organization (IMO) and Norway’s Chairship of the Arctic Council, in collaboration with the Arctic Council’s Working Group on the Protection of the Arctic Marine Environment, concluded on 24 January at the International Maritime Organization’s (IMO’s) headquarters in London. Heike Deggim, Director of the Marine […]