Wallenius Wilhelmsen seals $380m European car shipping deal
Norwegian car carrier player Wallenius Wilhelmsen has secured a new multi-year shipping contract with a European automaker. The Oslo-listed company said Friday the deal with an unnamed long-term customer would last five years, starting this April. “This demonstrates their commitment to securing long-term ocean capacity,” noted Pia Synnerman, chief customer officer at Wallenius Wilhelmsen. Rates […]
Union Marine Management Services breaks into the tanker sector
Vinay Gupta-led Union Marine Management Services (UMMS) has broken into the tanker segment in its 13th year of existence. The Singapore shipmanager is taking on two chemical tankers from Flyte Logistics to go alongside the more than 80 bulk carriers on its books. “We are planning to build up and grow this segment for having […]
One month countdown to Geneva Dry
There’s just one month to go until this year’s largest gathering of chartering and shipowners takes place in the Swiss city of Geneva. Geneva Dry, the world’s premier commodities shipping conference, is scheduled for April 28 and 29 at the Hotel President Wilson with close to 300 companies already signed up and organisers warning today […]
Famous anchor takes centre stage in Hong Kong
One of the world’s most famous skylines has a new nautical look. A giant anchor that belonged to the largest ship ever built has been hauled into place on the waterfront of Central in Hong Kong, as part of plans to celebrate the 20th anniversary of the city’s maritime museum. The anchor of the ultra […]
Lawsuit and petitions filed against three US offshore wind projects
US offshore wind projects are facing even more headwinds as the town of Nantucket and activist groups are challenging three offshore wind projects off the Massachusetts coast. Town officials filed an appeal in the US District Court for the District of Columbia, challenging the decision by the Bureau of Ocean Energy Management (BOEM) to allow […]
Repsol and NEO Energy to merge North Sea operations
Spanish energy giant Repsol and Aberdeen-based NEO Energy have decided to merge their assets in the UK part of the North Sea. Under the terms of the transaction, the combined business will be jointly owned by NEO, which will hold 55% of a newly created joint venture company, while Repsol’s UK arm will hold the […]
Keyfield sells accommodation workboat for $12.5m
Offshore support and accommodation vessels company Keyfield International has sold one of its workboats to India’s Saraf Corporation. Keyfield International’s wholly owned subsidiary, Keyfield Offshore, sold the 2014-built Keyfield Lestari for a cash consideration of $12.5m. The company said the sale was expected to be completed in June 2025, coinciding with the completion of the […]
Archer bags plug and abandonment work from Equinor
Norwegian offshore service provider Archer has won a contract from Equinor for the planning of permanent plug and abandonment of the Snorre UPA and Heidrun B and C templates. Archer, assisted by its well engineering joint venture with Elemental Energies, will provide end-to-end services that encompass planning, well engineering, and the execution of permanent well […]
Tsakos presses on with fleet renewal
Greek owner Tsakos Energy Navigation (TEN) has confirmed market rumours about the sale of one of its oldest suezmax tankers with additional divestment of ageing tonnage potentially on the horizon as part of the company’s fleet renewal programme. The New York-listed company said in its quarterly earnings report that a 2009-built unit had been offloaded […]
Global bunker indices rise moderately
During the 13th week of 2025, global bunker indices monitored by MABUX experienced a moderate upward movement. The 380 HSFO index rose by US$9.36 to US$502.85/MT, surpassing the US$500 mark. Similarly, the VLSFO index climbed by US$7.71, reaching US$583.58/MT, remaining below the US$600 threshold. Additionally, the MGO index saw a US$10.59 increase to US$766.27/MT. “As […]