News

Nasdaq-listed Euroseas has secured a new time charter for a duo of feeder containerships with an undisclosed client. Euroseas said that its 2024-built 1,800 teu feeders Stephania K and Pepi Star, for a minimum period of 24 to a maximum period of 26 months, at the option of the charterer, at a gross […]

Norwegian open hatch specialist G2 Ocean is pressing ahead with a major fleet renewal programme, adding six new gantry crane vessels. The Bergen-headquartered joint venture between Gearbulk and Grieg Maritime Group said the six newbuildings will join its pool fleet from 2029, strengthening its […]

Norwegian subsea services specialist Reach Subsea has entered into a memorandum of agreement with Beacon Offshore, establishing a strategic partnership to jointly pursue subsea projects in Australian waters. Under the agreement, the parties will collaborate exclusively to market, tender for, and […]

Dutch maritime operator De Jong Shipping Group has acquired a minority stake in Belgian inland shipping company TransMatch, marking its first structural move into the Belgian market and strengthening its position in the inland waterways sector. The investment forms part of De Jong’s strategy to […]

A growing chorus of shipbrokers, banks and analysts are warning that the return of the El Niño weather phenomenon later this year could deliver a meaningful boost to shipping markets across multiple sectors, compounding disruptions already in train from the Hormuz crisis and Panama Canal […]

A sweeping new Morgan Stanley research report argues that Asia’s energy security crisis is triggering an investment supercycle that will reshape commercial shipping for the rest of the decade, driving tanker orderbooks higher, accelerating shipyard capacity expansion and generating sustained […]

Russia’s FSB security service says it has foiled what it is calling a terrorist attack after divers discovered magnetic explosive devices attached to the hull of a liquefied petroleum gas tanker that had arrived at the port of Ust-Luga from Antwerp. The Liberia-flagged Arrhenius, managed by […]

The United States has granted a licence to the world’s largest cash buyer of ships to purchase four sanctioned containerships for scrapping, in a decision that could open a legitimate exit route for owners trapped in the shadow fleet. OFAC approved Dubai-headquartered GMS to buy the Yogi, Timon, […]

New York-listed Greek shipping group Navios Maritime Partners has confirmed its long-rumoured return to the VLCC newbuilding market, unveiling a deal for four supertankers with options that could expand the programme to as many as eight ships. The Angeliki Frangou-led owner said it has agreed to […]

Singapore-based Wealth Holdings is stepping up its investment in the multipurpose vessel sector, placing a fresh order in China for larger tonnage just months after entering the market with its first MPP newbuilding programme. The company’s shipping arm, Wealth Holding Shipping, has teamed up […]