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Italy’s Next Geosolutions (NextGeo) has moved to tighten its control over Rana Subsea, exercising an option to acquire a further 7.1% stake in the business. The shares were bought from …

Subsea7 has picked up a new subsea contract offshore Angola, continuing its run of work in West Africa. The Oslo-listed contractor said ExxonMobil has awarded a “substantial” engineering, procurement, construction …

The 84th session of the Marine Environment Protection Committee (MEPC 84) closes today. Delegates are advancing on areas of broad agreement while systematically pushing the hardest questions – notably the …

The third edition of Geneva Dry opened in characteristically candid style, with the commodities shipping outlook panel setting the scene for two days of debate by tackling the markets, the …

Denmark’s maritime sector is widely respected for its technical strength, talent and early-stage support, but a new report from Studio 30 50, developed in partnership with Danish Entrepreneurs, argues that …

Seven days ago, New York-listed dry bulk owner Genco Shipping & Trading revealed it was adding a modern capesize to its fleet. The company has agreed to acquire a 2019 …

The European School Competition, which invited children across Europe to imagine the ship of the future, culminated this week in a special award ceremony during the informal meeting of EU …

Marinos Kokkinis, CEO of OneLearn Global, writes for Splash today. In an industry where crews operate hundreds of miles from shore, often with limited external support, safety cannot be built …

BIMCO has introduced a new standard contract aimed at the fast-developing market for shipping liquefied carbon dioxide, as carbon capture projects begin to move from concept to execution. The world’s …

UK-based shipbroking house Clarksons is expanding its presence along South America’s Pacific coast with the acquisition of the broking business of Serpac International. The deal gives the London-listed firm a …

The Mission to Seafarers, a welfare charity serving merchant crews around the world, has appointed Guy Platten as its new chairman. Platten, a chartered master mariner, brings more than four …

Singapore’s PSA International has secured an investment in Xiamen Container Terminal Group, which comprises eight container terminals with an annual designed capacity of approximately 20m teu. As part of the …

After Norwind Offshore announced it had closed the acquisition of six CSOVs from Edda Wind, UK offshore vessel owner North Star revealed it had completed the acquisition of four service …

Norwind Offshore has doubled its fleet by completing the acquisition of six commissioning service operation vessels (CSOVs) from Edda Wind. The transaction was completed in partnership with Navigare Capital Partners. …

Julian Panter, CEO of Noatum CSM, explores whether today’s shipmanagement models, including tech-led solutions and fast-scaling joint ventures, are truly equipped to deliver consistency across increasingly complex operating environments, and …

Orca AI has entered a strategic partnership with Samsung Heavy Industries aimed at accelerating the deployment of autonomous vessel technology across both newbuilds and existing fleets. Under the agreement, Samsung …

ABS has expanded its industrial cybersecurity and risk management capabilities through the acquisition of RMC Global by affiliate ABSG Consulting Inc. The deal brings together ABS Consulting’s global reach and …

Swedish authorities have formally confiscated the bulk carrier Caffa following a request for legal assistance from a foreign state, deepening an international investigation into a vessel suspected of carrying stolen …

Amid a sea of buzzwords, bold promises and AI evangelism, a refreshingly candid panel at this week’s Geneva Dry conference attempted to answer the question that shipping’s technology buyers most …

A US administrative law judge has ordered Orient Overseas Container Line (OOCL) to pay a record $45.6m in reparations to the bankruptcy estate of collapsed retailer Bed Bath & Beyond, …

Nasdaq-listed Greek owner Euroseas is the latest boxship player to turn to Chinese yards for feeder tonnage, with brokers pointing to a potential order for two 1,800 teu bangkokmax newbuilds. …

Greek bulker owner Diana Shipping has entered into time charter contracts for two of its dry bulk vessels with Refined Success and Oldendorff. Refined Success hired the 2010-built, 177,773 dwt …

Floater specialist BW Offshore has signed a front-end engineering and design (FEED) agreement with Norwegian major Equinor for the Bay du Nord development offshore Newfoundland and Labrador. The FEED agreement …

German utility RWE has signed two major power purchase agreements (PPAs) to supply renewable electricity from its Gwynt y Môr offshore wind farm to Breedon Group and Network Rail. Breedon …

The US Department of Transportation’s Maritime Administration (MARAD) has announced a $774m investment into US port infrastructure. A total of 37 projects will receive funding under MARAD’s Port Infrastructure Development …

The New Zealand Defence Force (NZDF) has concluded a series of maritime patrols monitoring North Korea’s evasion of United Nations Security Council (UNSC) sanctions in the international waters of the …

The US state of Massachusetts has activated the Vineyard Wind offtake contracts, which are expected to save its residents $1.4bn in electricity bills over the next 20 years. This past …

Singapore-based offshore wind vessel player Cyan Renewables has signed a contract with OMV to keep one of its anchor handling tug supply (AHTS) vessels operating in New Zealand waters. OMV …

The third edition of Geneva Dry, the world’s premier commodities shipping conference, has opened in style, with a packed first day of dealmaking, debate and networking that underlined the Swiss …

Familiar patterns of procedural delay are emerging at this week’s critical UN shipping summit in London, with sources close to the negotiations warning that the most contentious decisions are being …

Hong Kong-based Venture Energy has signed a strategic memorandum of understanding with Shanghai Shenji Energy & Environmental Technology, marking a significant step up from existing spot trade cooperation into a …

Swiss commodities trader Mercuria is continuing its move deeper into shipownership with an order for four kamsarmax bulk carriers at Wuhu Shipyard. The 82,000 dwt newbuildings will be tied into …

The Mission to Seafarers is extending its welfare measurement work beyond the ship’s rail, launching a new Shorebased Happiness Index to capture the wellbeing of maritime professionals working on land …

South Korea has formally launched a sweeping initiative to align its world-class shipbuilding and shipping industries under a single national strategy, acknowledging years of criticism that the two sectors have …

Dee4 Capital Partners Fund II has snapped up a second ultramax, continuing its well-timed push into high-quality Japanese-built tonnage. The fund has acquired the 60,500 dwt Only You, a 2017-built …

The maritime sector has spent years talking about digitalisation, but progress remains uneven. For Smart Ship Hub, the pitch is straightforward: bring everything into one place and make the data …

China United Lines (CULines) has re-entered the newbuilding market with an order for four 6,400 teu containerships. The Shanghai-based intra-Asian carrier has contracted CSSC Huangpu Wenchong Shipbuilding in Guangzhou for …

Taiwan’s Chinese Maritime Transport (CMT) has returned to China State Shipbuilding Corporation’s Qingdao Beihai yard with an order for two more newcastlemax bulk carriers. The Taipei-listed owner confirmed it will …

Singapore-listed Yangzijiang Maritime Development has moved to deepen its forward fleet with an order for 10 newbuildings spanning tankers and bulk carriers. The group said it has signed contracts with …

An extraordinary simultaneous build-up of ballast vessels across every major crude tanker segment has moved geopolitically driven disruption into a fundamental demand-side crisis. With the Strait of Hormuz now closed …

Arun Sharma, the executive chairman of the Indian Register of Shipping, writes for Splash today. The maritime industry’s greatest asset is not its fuel technology, its digital platforms or its …

Compounding existing concerns over price and limited availability, shipowners seeking bunkers in Asia face another issue: tainted fuel. Marine insurer Skuld has issued an advisory warning members of a pattern …

Columbia Group has moved to steady the ship by confirming Andreas Hadjipetrou as its permanent chief executive, weeks after the sudden departure of long-time leader Mark O’Neil. Hadjipetrou, a near …

Malaysia’s Petra Energy has secured a field operations management services contract on five offshore fields within the SK407 license located offshore Miri, Sarawak. The contract, awarded by Vestigo Petroleum, is …

The Trump administration has struck two more deals with energy companies to quit their US offshore wind projects, reimbursing Bluepoint Wind and Golden State Wind nearly $900m in total to …

Offshore drilling giant Noble Corporation has announced several new rig deals in its latest fleet status report. One of the rigs that was reportedly considered for sale by the company …

Shanghai Time Shipping has stepped into the newbuilding market with an order for three bulk carriers, marking its first collaboration with Nantong Xiangyu Shipbuilding & Offshore Engineering. The Chinese owner …

Chinese owner Fujian Highton Development is stepping up its move into the multipurpose and heavylift segment, placing fresh orders for four vessels as it works towards building a 100-ship fleet. …

Singapore-listed offshore and marine group Seatrium has avoided criminal prosecution after the High Court approved a deferred prosecution agreement (DPA) tied to Brazil’s long-running Operation Car Wash corruption probe. The …

Norway’s DDW Offshore, a subsidiary of Akastor, has sold one of its anchor handling tug supply (AHTS) vessels to an undisclosed buyer. The company said that it entered into a …