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Iran has expanded its Strait of Hormuz blacklist to 77 ships, adding another 21 vessels in less than two weeks and extending its warning to insurers, P&I clubs and classification …

Torm’s ownership structure is shifting again, with Oaktree-linked OCM Njord Holdings putting 9m shares in the Danish product tanker giant up for sale in a block worth about $318m at …

US offshore vessel owner Hornbeck Offshore Services has secured a multi-year decommissioning contract with an unnamed North Sea operator. The contract, awarded to the company’s subsidiary Helix Well Ops, is …

Offshore driller Borr Drilling has entered into definitive agreements to divest its 51% equity interest in two Mexican subsidiaries to a local partner. Upon completion of the transaction, Borr Drilling …

Italian offshore engineering contractor Saipem has been awarded a new offshore contract in Angola worth around $350m. The contract has been awarded by Azule Energy, a joint venture owned by …

A benchmark tanker rate has entered seven figures for the first time, marking an extraordinary moment in shipping history as war risk sends earnings across virtually every tanker class to …

InterMaritime Group and Hamburg-based Carsten Rehder have formed a shipmanagement joint venture aimed at expanding their presence across Germany and Northern Europe. The two companies will take equal ownership in …

Geneva-based Advantage Tankers has ordered four MR product tankers at Guangzhou Shipyard International, adding smaller tonnage to a newbuilding programme that has until now been concentrated on VLCCs and suezmaxes. …

Vladimir Putin has urged the world’s largest emerging economies to accelerate the creation of their own reinsurance mechanism, adding momentum to efforts that could eventually loosen the maritime industry’s century-long …

Bulk carriers are spending dramatically longer – nearly 20% – at sea than at the start of the decade while also travelling more slowly, quietly removing effective capacity from the …

Freight markets are undergoing one of the biggest financial transformations in commodities, with shipping moving steadily from a world where rate volatility was simply accepted as a cost of doing …

The answer sounds simple: the owner. In practice, vessel data passes through OEMs, managers, charterers, ports and technology platforms, turning access, interpretation and derived value into one of maritime digitalisation’s …

Shipping has long been treated as an early warning system for the world economy. In an era of wars, rerouting, services and AI, the relationship is becoming far harder to …

John Fredriksen-backed SFL Corporation has added another $750m to its contracted revenue after agreeing seven-year charter extensions with Hapag-Lloyd on six 15,400 teu containerships. The renewed fixtures will keep the …

Japan has approved a second wave of investment plans under its shipbuilding revival fund, allocating up to another ¥98bn ($635m) in state support across five yard groups. The transport ministry …

Finland’s ESL Shipping has secured a long-term transport agreement with Swedish green steel developer Stegra covering raw materials and finished steel products for its new industrial complex in Boden. The …

India’s Transworld Shipping Lines has struck a deal to sell one of its two dry bulk carriers, agreeing a $9.25m sale of the 2011-built TBC Kailash. The Mumbai-listed owner is …

COSCO Shipping Heavy Industry has taken its first formal step towards an A-share listing in Shanghai. China’s securities regulator disclosed that the shipbuilding and repair giant registered for listing guidance …

George Melissanidis-led Aegean Shipping Management has agreed to sell its 2022-built aframax/LR2 tanker for around $83m, continuing to cash in on historically strong values for modern tanker tonnage. Greek S&P …

Japanese liner Ocean Network Express (ONE) is looking 24 years into the future to help decide where to put its money today, adopting a planning technique that is spreading through …

Skyborn Renewables has reached financial close on the up to 976.5MW Gennaker offshore wind farm in Germany’s Baltic Sea, unlocking more than €3bn ($3.47bn) of investment for the country’s largest …

Vroon Offshore Services (VOS) has won its first long-term charter for emergency response and rescue vessel (ERRV) services in the offshore wind industry. The contract award, with a value of …

Abu Dhabi-based renewable energy company Masdar has signed two memoranda of understanding with German companies for potential investments of over €8bn ($9.24bn) in offshore wind and battery energy storage. Under …

Nicolas Hadjioannou-controlled Alassia NewShips Management has expanded its dry bulk orderbook to seven vessels after adding three ultramaxes and another handysize to its newbuilding pipeline. The Athens-based owner’s updated fleet …

Shipping may never become predictable. The smarter objective is to make commercial decisions that remain strong even when the assumptions behind them move. Natalia Liashenko, founder and CEO of Marine …

Russia is stacking shipping containers around oil refineries in the latest improvised attempt to protect an energy system that has been battered by increasingly effective Ukrainian drone attacks. Images carried …

Middle Eastern shipping patterns face another violent reshuffle after fresh vessel attacks around Hormuz, the shutdown of Saudi Arabia’s critical East-West oil pipeline and the Houthis’ advance into the heart …

India’s Great Eastern Shipping spending on secondhand tonnage this year has raced past the $200m mark. Last week, the Mumbai-listed company announced it had agreed to acquire an unnamed 2015-built …

George Procopiou’s Dynacom has returned to Hengli Heavy Industries with another eight newbuildings in a package worth close to $1bn, further expanding one of the largest owner-yard programmes in shipping. …

The next digital race is not about collecting more data. It is about getting the right information to the right decision-maker before the opportunity to act has passed. The latest …

Oman’s Asyad Shipping has returned to HD Hyundai Heavy Industries for two more MR product tanker newbuildings, taking a charter-backed programme launched just two months ago to eight ships. The …

China’s Hubei province has signed batch construction agreements for 89 battery-swapping bulkers, taking its electric shipping drive from individual demonstration vessels towards series production. The package, unveiled at an inland …

Flexport has defeated a $33.7m Federal Maritime Commission claim brought by Peloton over detention, demurrage and storage costs accumulated during the pandemic-era supply chain crunch. Administrative law judge Mary Apostolakos …

Singapore-based Wealth Holdings has added a third multipurpose newbuilding programme this year, signing for up to six 25,000 dwt ships at China’s Hubei Guangji Green Energy Shipbuilding. The deal covers …

South Korea’s Korea Line has secured a new long-term bulker charter with China’s Zhejiang Shipping worth an estimated KRW42.08bn ($31.38m). The SM Group-controlled owner will provide one bulk carrier under …

A Greek-managed cargo ship was boarded by suspected pirates off Yemen on Thursday in the latest sign of a sharp revival in piracy across the Gulf of Aden and western …

Shipping has always made money from risk. This week provided a particularly brutal demonstration of how quickly that risk can be repriced. The Strait of Hormuz dominated again, with the …

Norwegian offshore vessel owner Golden Energy Offshore Services (GEOS) has secured a further well option for the 2015-built Energy Paradise PSV from energy logistics firm Peterson. The vessel is currently …

Italian offshore engineering contractor Saipem, in consortium with Belgian marine contractor Jan De Nul, has signed a letter of intent (LOI) with ExxonMobil for the Rovuma LNG Phase 1 development …

Oslo-listed SED Energy Holdings and Ventura Offshore have signed a letter of intent (LOI) for an all-share combination between the two companies. Energy Holdings will acquire 100% of Ventura Offshore’s …

25 years on from the day the towers fell in New York, Punit Oza provides Splash readers with the big picture on how the aftershocks still move through every port, …

The threat from drifting drones and unexploded ordnance in the Black Sea has escalated sharply, with discoveries along NATO’s eastern coastline jumping 208% in just six months, according to a …

The tanker sale that has dominated market chatter this month has finally taken shape, with Dubai-based trading house Onex DMCC linked to an extraordinary $200m purchase of a near-new VLCC …

Yemen’s Houthis have seized the strategic Red Sea port city of Mokha, bringing the Iran-backed group to within around 80 km of the Bab al-Mandab Strait. The capture was confirmed …

Shipping’s digital ambitions are accelerating faster than the structures beneath them. The industry largely agrees on the need for open standards, but adoption remains constrained by proprietary interests, regulatory fragmentation …

Twenty-five people have died after a fire broke out on a bulk carrier undergoing repairs at CSSC-controlled Qingdao Beihai Shipbuilding in eastern China on Thursday. The fire started at around …

New Fortress Energy has sold two former Seadrill cylindrical semisubs for demolition, ending a four-year effort to repurpose the pair as floating LNG liquefaction facilities. VesselsValue’s latest demolition data lists …

India’s Cochin Shipyard has approved a 50:50 joint venture with DP World’s Drydocks World that will take over its International Ship Repair Facility (ISRF) in Kochi, giving the Dubai-based repair …

Sunil Kapoor on why technology is changing the balance in shipping. When we acquired our vessel, several shipmanagement companies approached us. Nearly every conversation began in the same way: “Let …

Polys Hajioannou-led Safe Bulkers has raised €80.4m ($93.5m) through a private placement, adding fresh capital to fund its growing newbuilding programme and potentially pursue further vessel acquisitions. The New York- …