Norden presses on with bulker flipping
Danish shipping giant Norden has bagged another bulker sale after taking a purchase option on chartered-in tonnage. The Jan Rindbo-led owner and operator said it had offloaded an unnamed, previously leased handysize for an undisclosed sum in a deal that follows two similar, recently carried out asset plays. Earlier this month, the Hellerup-based company revealed […]
OOCL signs $3bn boxship order
Hong Kong’s Orient Overseas Container Line (OOCL) is strengthening its fleet with 14 boxship newbuildings in China worth more than $3bn. The COSCO-controlled liner operator has contracted Dalian COSCO KHI Ship Engineering (DACKS) and Nantong COSCO KHI Ship Engineering (NACKS) to build 18,500 teu methanol dual-fuel series at $220m each. DACKS will take on nine […]
Dynacom in for more New Times suezmaxes
Greece’s Dynacom Tankers has swelled its suezmax orderbook at China’s New Times Shipbuilding. Newbuilding sources report that George Procopiou’s company has signed up for two 159,000 dwt vessels, adding to previously booked 10 newbuilds at the privately owned shipyard in late 2023 and early 2024. The Athens-based outfit has a massive orderbook of crude and […]
Wah Kwong gets on board AW Shipping gas carriers newbuilding programme
Wah Kwong is expanding into the Middle Eastern market, with subsidiary Venture Marine Services (VMS) joining AW Shipping’s gas newbuild project in China. The Hong Kong shipping giant said WMS will be overseeing the newbuilding supervision projects for seven 99,000 cu m very large ethane carriers (VLECs) and four 93,000 cu m very large ammonia […]
Petrobras looking to charter up to 18 platform suppliers
Brazilian state-owned oil and gas giant Petrobras has launched a large-scale tender to charter up to 18 platform supply vessels. The selection process will be in line with Petrobras’ usual closed-bid model, with the lowest price as the primary selection criteria, followed by an evaluation of each vessel’s technical specifications. The deadline for proposal submissions […]
Solstad scores hat-trick of deals in Brazil
Norwegian offshore vessel owner Solstad Offshore has won work for three of its vessels offshore Brazil. The contracts, subject to board approval, are for two yet unnamed anchor handling tug supply (AHTS) vessels and the 2002-built Normand Flower construction support vessel (CSV). The three vessels were awarded four-year deals by Brazilian state-owned company Petrobras. The […]
Subsea 7, OneSubsea score work on BP’s gas project off Trinidad
Subsea Integration Alliance members, Subsea 7 and SLB’s OneSubsea, have been awarded an engineering, procurement, construction, and installation contract for the Ginger project offshore Trinidad and Tobago by supermajor BP. The work on the project will be done under the new global framework agreement between BP and the Subsea Integration Alliance partners. The framework defines […]
Shipping tipped to increase FFA exposure
The forward freight agreement (FFA) market is now worth $100bn, but the shipping community as a whole still has much to learn from the sector, delegates attending this week’s Geneva Dry were told. Since 2020 onwards there has been a sharp increase in FFAs, bringing a big increase in liquidity according to Greg McAndrew, a […]
Who’s actually willing to make American shipbuilding great again?
A recent survey shows more than 80% of Americans woulds like to see more manufacturing move home, and yet the same poll shows less than 20% of the population would be willing to work in the sector, a juxtaposition perfectly illustrating the hurdles the Trump administration faces if it really genuinely wants to resurrect its […]
April 2025 Review
Donald Trump kicked off a month of chaotic tariff announcements, ushering in a period of blank sailings for containerships greater than the covid era. April 2 saw the American president bring in a blanket 10% tariff on every nation, plus varying extra levels on many counties. These extra levies were then given a 90-day reprieve […]