First modern VLCC sale of the year highlights how tanker prices are easing
This year’s first modern VLCC sale is in the pipeline. Brokers report that the eight-year-old, 300,000 dwt Leicester was sold for $87m to undisclosed interests. Broking sources tell Splash that an Oslo-based private equity fund, Transportation Recovery Fund (TRF), is selling the Shanghai Waigaoqiao Shipbuilding-built tanker. The last comparable deal is from August last year […]
Sun Enterprises in for DH Shipbuilding suezmaxes
Greek shipowner Sun Enterprises has returned to South Korean yards in its latest fleet expansion move. The company, which has built most of its tankers in South Korea, has commissioned DH Shipbuilding for a pair of suezmaxes at $90.5m each. Shipbuilding sources say the 158,000 dwt newbuilds which are the company’s first in nearly a […]
World’s first commercial sailing roro launched in Turkey
The world’s first commercial sailing roro vessel, Neoliner Origin, has been launched at the RMK Marine shipyard in Türkiye. The vessel, which started construction in November 2023, is being built for the French shipping company Neoline. It is a 136 m long and 24.2 m wide cargo ship with 3,000 sq m of sail and […]
Polish duo links up for offshore wind newbuilds
Poland’s Tele-Fonika Kable and the Industrial Development Agency (ARP) have set out plans to build specialised cable laying vessels (CLVs) designed for the installation and maintenance of offshore wind farm subsea cables. The scheme under a letter of intent signed by both parties also includes the development of support vessels to facilitate servicing and operational […]
Stena Drilling scores drillship contract in Suriname
Stena Drilling has landed a contract with TotalEnergies for its sixth-generation harsh environment drillship, Stena DrillMax. The 2008-built managed pressure drilling (MPD)-equipped unit, hot stacked since January, will be deployed on a one-well exploration campaign off Suriname. The work is set to start during the second quarter of this year at an undisclosed dayrate. The […]
TGS wins second UK offshore wind survey in two days
Oslo-listed seismic data specialist TGS has won a second offshore wind characterisation contract in as many days. The contract has a total duration of approximately 30 days and is scheduled to begin in the second quarter of 2025. The work will be done for an undisclosed customer on the UK continental shelf and the company […]
Hapag-Lloyd increases rates from Indian Sub and Middle East to North America
Hapag-Lloyd announces that a General Rate Increase (GRI) / General Rate Adjustment (GRA) is set to take effect for shipments from the Indian Subcontinent and the Middle East to North America. This adjustment will apply to containers gated in full on or after 1 March 2025 and will remain valid until further notice. The GRI/GRA […]
HPC to lead coordination of Baltic Sea port project
Hamburg Port Consulting (HPC), a collaborative effort led by the experienced lead partner, Port of Hamburg Marketing (HHM), has been awarded the contract to manage project coordination and financial oversight for the Baltic Sea Region Programme 2021-2027 initiative, “H2-Derivatives@BalticSeaPorts” (H2Deri@BSP). Led by Port of Hamburg Marketing (HHM), this ambitious project will run from March 2025 […]
Port of Klaipėda surpasses 1 million TEUs for third consecutive year
The year 2024 was marked by significant growth in cargo handling at the Port of Klaipėda, setting new records in the handling of construction materials, minerals, and containers. A new milestone was achieved in container handling, surpassing the 1 million TEU mark for the third consecutive year. A record-breaking 1.068 million TEUs were processed, reflecting […]
South Korea’s Shipbuilding Sector at the Forefront of the Trade War
As global maritime trade is about to emerge as a field of geopolitical antagonism, South Korea will be one of the spearheads to counter Chinese shipbuilding dominance. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you liked this […]