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MSC Shipmanagement has been fined $6m and placed on four years’ probation after admitting to concealing a hazardous engine-control problem aboard the MSC Michigan VII and obstructing the subsequent US …

Taiwan’s under-construction Hai Long offshore wind project has secured a $1.7bn (NT$55bn) financing package, adding new lenders and improving terms as the project nears commissioning set for the end of …

French-based engineering and technology company Technip Energies has been awarded a FEED contract for the Yan offshore regasification terminal project in Kedah. The scope includes evaluating the best regasification terminal …

Italian tanker owner Navigazione Montanari is stepping up its fleet renewal drive with two LR2 product tankers ordered at China’s Hengli Heavy Industry. The ships have been booked through Malta-based …

Supermajor BP has agreed to sell a 20% stake in the Trinidad portion of the cross-border Cocuina-Manakin gas field to the National Gas Company of Trinidad and Tobago (NGC). The …

CMB.TECH has sold one of the youngest tankers in the Euronav fleet, locking in a capital gain of about $56.9m as the Belgian group continues to take advantage of strong …

Great Eastern Shipping has returned to the secondhand market for another kamsarmax, taking the Indian owner’s buying spree in the segment to four ships in just over a year. The …

The Rhine is on the verge of being effectively cut in two while record low water on the Danube and restrictions on Dutch canals underline the growing threat drought poses …

Offshore drilling giant Noble Corporation has been awarded a contract by ConocoPhillips for one of its ultra-harsh environment jackups. The contract was awarded to the 2014-built Noble Interceptor. The scope …

Global offshore field development investments are forecast to reach $137bn in 2026 as operators double down on long-cycle projects. London-based energy market research firm Westwood stated that the floating production …

The real AI contest may not be won by whoever builds the smartest model, but by whoever embeds intelligence fastest into factories, warehouses, terminals and transport fleets. Wolfgang Lehmacher explains. …

South Korea’s Hanwha has lodged a preliminary offer worth up to $1.2bn for Austal USA, one of the most strategically important naval yards in America. The non-binding proposal, made through …

US president Donald Trump has extended for another 90 days the unprecedented waiver allowing foreign-flagged ships to move oil and other commodities between American ports, albeit with tighter controls following …

The US has begun disposing of ageing tankers seized during its widening campaign against sanctions-busting oil trades, with vessels linked to the shadow networks serving Russia, Iran and Venezuela being …

George Procopiou’s Dynacom Tankers has returned to Hengli Heavy Industry for four more VLCCs, taking the Greek owner’s programme at the Chinese yard to 20 ships. Hengli has not disclosed …

Italian product tanker owner d’Amico International Shipping is bringing the High Discovery back into full ownership, exercising a purchase option on the MR tanker for around $15.3m. The 50,000 dwt …

Star Bulk Carriers has pulled out of a $470.5m agreement to acquire 16 Genco Shipping & Trading bulkers from Diana Shipping, removing a key fleet component from Diana’s long-running takeover …

Western Bulk’s chief executive says the best industry gatherings sharpen thinking, while geopolitics, grain flows and a growing orderbook will dominate dry bulk discussions at Splash Singapore. For Torbjorn Gjervik, …

Ports on the Pacific coasts of North and South America are likely to face some of the greatest operational disruption from the strengthening El Niño, while terminals across South Asia, …

Minsheng Financial Leasing has expanded its Shell-backed tanker programme at Guangzhou Shipyard International to 11 ships, adding five newbuildings as construction starts on the original six-vessel series. The latest contracts, …

Japan’s Sumitomo Corporation has bought a 33.3% equity interest in the Gwynt Glas offshore wind farm, developed by EDF and Electricity Supply Board (ESB) in the Celtic Sea. The acquisition …

The hydrocarbon business of Indian engineering conglomerate Larsen & Toubro (L&T) has secured a batch of orders from India’s ONGC for a pipeline replacement project (PRP-X) and a Wellhead Platforms …

Cierco Energy’s Llŷr Wind Farm has been approved by the Welsh Government, allowing the Celtic Sea test project to advance towards construction. The development is planned off the Pembrokeshire coast …

Singapore-listed Uni-Asia Group has doubled its handysize newbuilding programme in Japan with a second 40,000 dwt bulker. The company has signed an agreement with Nihon Shipyard and an affiliate for …

Norwegian offshore seismic vessel player Shearwater Geoservices has received two separate letters of award from India’s ONGC. Each represents a large offshore 3D seismic survey offshore India. Combined, the two …

Iran attacked another ADNOC vessel in the Strait of Hormuz over the weekend, with the Houthis simultaneously striking Saudi Arabia’s energy infrastructure. The UAE said an ADNOC-owned vessel was hit …

Oslo-listed seismic specialist TGS has won a new 4D streamer acquisition contract offshore Australia. The Ramform Sovereign vessel is scheduled to mobilise in December, with the survey expected to last …

Norwegian offshore vessel owner DOF has been awarded firm contracts totalling 150 days for two of its AHTS vessels in the CARICOM region. DOF stated that it would also provide …

Offshore rig owner Seadrill has been awarded a new contract and a pair of extensions for three of its rigs. The 2013-built drillship West Vela was awarded a one-year contract …

Offshore wind vessel heavyweight Cadeler has signed firm contracts with COSCO Shipping Offshore shipyard for the construction of two new T-class offshore wind installation vessels. COSCO Shipping Offshore has already …

Ukraine has agreed to stop attacking non-Russian tankers and infrastructure associated with Kazakhstan’s Black Sea oil exports following US intervention, potentially easing one of the biggest new war risks facing …

HD Hyundai Heavy Industries has landed its largest-ever power-generation engine contract, underlining how the artificial intelligence boom is opening a huge new market for marine equipment manufacturers — and potentially …

Coal has emerged as one of China’s most important energy buffers in the wake of the US-Iran war, reinforcing a power-generation strategy that continues to look remarkably supportive for dry …

What appears to be a record-sized Russian convoy is pushing east along the Northern Sea Route (NSR), far beyond the reach of Ukrainian drone attacks. The wider convoy also included …

Captain Alex Byelyavtsev identifies six problems with the controversial European regulation. FuelEU Maritime was sold as a climate rule. Its job was to push ships toward renewable and low-carbon energy, …

Castor Maritime has moved its kamsarmax Magic Starlight into a Fearnley-arranged joint venture, taking $18.75m in cash while retaining a 30% interest in the vessel. The Nasdaq-listed owner established the …

Maersk has agreed to sell Maersk Training and its subsidiary Maersk H2S Safety Services to US private equity firm OpenGate Capital. Financial terms were not disclosed. The transaction remains subject …

Brookfield has taken indirect control of a 19.86% stake in Danish product tanker owner Torm following the Canadian investment group’s full acquisition of Oaktree. Torm said Oaktree no longer indirectly …

Greek bulker owner Diana Shipping has secured an 18% rate increase for its capesize Florida in a new charter with Japan’s NYK. The 2022-built, 182,063 dwt vessel will earn $30,500 …

The 8,401 teu MSC Silvana VIII has sunk deeper into the water off Zhoushan after attempts to refloat the grounded containership failed, with local media showing much of the vessel …

South Korea is pushing to establish a larger presence in green ship recycling, with Elegant Exit Company teaming up with local recycler RM Company and ISSAC Green Tech to develop …

Abu Dhabi-listed ADNOC Logistics & Services has put $1.3bn to work on an 11-ship buying spree, picking up six VLCCs and five VLGCs through secondhand and newbuild resale deals. Nine …

Japanese insurer Sompo Japan has launched what it claims is the shipping industry’s first insurance coverage specifically targeting economic losses caused by radio interference with ship navigation systems. The new …

German utility RWE has agreed to surrender three US offshore wind leases in return for a $1.22bn settlement with the Department of the Interior, ending the company’s plans to develop …

Yangzijiang Maritime Development has agreed to sell four newbuild bulkers, taking the Singapore-listed company’s contracted vessel sales to $500m across 12 ships in nine months. The latest 40,000 dwt quartet …

For centuries, the commercial appeal of the sea has rested on a simple proposition: once outside territorial waters, ships could move with comparatively few physical barriers. The oceans were the …

Energy technology company SLB and Norwegian energy major Equinor have signed a multi-year agreement for advanced reservoir stimulation services across the Norwegian Continental Shelf. The deal includes a major upgrade …

China Merchants Energy Shipping (CMES) has exercised an option for a second shuttle tanker at Dalian Shipbuilding Industry Co (DSIC), firming up its debut programme in the specialised sector. The …

Ningbo Ocean Shipping has entered the car carrier market, launching its first roro service to Europe with the brand new 7,000 ceu LNG dual-fuel Clean Star. A maiden voyage ceremony …

Singapore-headquartered SeaLead Shipping is being liquidated, marking the final chapter in one of container shipping’s most dramatic rises and falls of recent years. Splash understands the company has moved into …