Splash Maritime and Offshore News

Splash Maritime and Offshore News Splash is the world's premier maritime and offshore news site.
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It is published by Asia Shipping Media, the parent company of Maritime CEO magazine and the Maritime CEO Forum series of events.

U-Ming books ultramax newbuild brace in Japan
08/02/2025

U-Ming books ultramax newbuild brace in Japan

Taiwanese dry bulk shipping operator U-Ming Marine Transport is expanding its fleet a brace of ultramax newbuilds in Japan. The subsidiary of the Far Eastern Group has signed up for 64,100 dwt vessels at Oshima Shipbuilding with delivery expected in April and June 2028. No price has been revealed. U...

Geneva Dry Dialogues: Western Bulk
07/02/2025

Geneva Dry Dialogues: Western Bulk

Returning to Geneva Dry this April is Torbjorn Gjervik, who since last year’s summit has been promoted to CEO of Western Bulk Chartering, a Norwegian firm which tends to have anywhere between 100 and 150 ships on its books at any given time. While looking forward to the event, Gjervik is not overl...

Dolphin Drilling CEO resigns
07/02/2025

Dolphin Drilling CEO resigns

The chief executive officer of semisub rig owner Dolphin Drilling has submitted his resignation from the company. The resignation of Dolphin CEO Bjørnar Iversen comes into force with immediate effect. He joined the company as CEO in July 2019. Before joining Dolphin Drilling, Iversen was the CEO of...

TGS scores offshore wind seismic work in the UK
07/02/2025

TGS scores offshore wind seismic work in the UK

Oslo-listed seismic data specialist TGS has won an offshore wind site characterisation contract on the UK continental shelf for an undisclosed repeat customer. The contract has a total duration of approximately 60 days and is scheduled to begin in the first quarter of 2025. The Ramform Vanguard vess...

Seanergy expands with double buy as United ships out oldest cape
07/02/2025

Seanergy expands with double buy as United ships out oldest cape

US-listed Greek bulker owner Seanergy Maritime has strengthened its fleet by adding two Japanese-built vessels, while its spin-off United Maritime is shipping out its oldest capesize. The Stamatis Tsantanis-led Seanergy has picked up an unnamed 2013 Imabari-built newcastlemax and a 2011 Mitsui-built...

Odfjell Drilling nets $148m semisub extension with Equinor
07/02/2025

Odfjell Drilling nets $148m semisub extension with Equinor

Norway’s Odfjell Drilling has won an extension for one of its rigs with compatriot energy major Equinor. The deal is to extend the employment of the 2009-built Deepsea Atlantic semisub until the end of the second quarter of 2027. The unit will operate under previously agreed terms until the mid-th...

Crew rescued from blaze on boxship in Red Sea
07/02/2025

Crew rescued from blaze on boxship in Red Sea

The crew of the boxship that abandoned the ship which caught fire in the Red Sea has been rescued unharmed. The Hong Kong-flagged boxship ASL Bauhinia exploded and caught fire some 226 km northwest of Hodeidah, Yemen, in the early hours of the morning on Tuesday. The vessel is owned by Shanghai-base...

Robbers attack tanker in Singapore Strait
07/02/2025

Robbers attack tanker in Singapore Strait

A Greece-flagged tanker was boarded yesterday by two knife-wielding individuals while transiting eastbound in the Singapore Strait, the latest in a string of robbery incidents in the area. The attack took place approximately 2.7 nautical miles northwest of Indonesia’s Pemping Island, according to ...

2025 will see fewer but better hires in commercial shipping
07/02/2025

2025 will see fewer but better hires in commercial shipping

Paul Ratcliffe provides readers with highlights from Ignition Global’s 2024 Commercial Shipping Leaders Survey. Hiring in commercial shipping should be getting easier. The talent war of 2021–22 has ended, and dry bulk bonuses are cooling. Inflation has eased, remuneration policies have adjusted,...

Shipping’s ultimate Year of the Snake fortune guide published today
06/02/2025

Shipping’s ultimate Year of the Snake fortune guide published today

The January issue of Splash Extra gives readers the ultimate guide to shipping prospects in the Year of the Snake. The Lunar New Year is not starting too well with many sectors struggling to break even in January.  The cross-sector ClarkSea Index, a weighted barometer covering all shipping segments...

Bahri and Petredec form partnership to meet Saudi Arabia’s LPG and ammonia needs
06/02/2025

Bahri and Petredec form partnership to meet Saudi Arabia’s LPG and ammonia needs

Bahri and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands. The two companies will establish a dedicated joint commercial team. Bahri already controls a 40% shareholding in Petredec.  Ahmed Ali Al Subaey, CEO of Ba...

Tankers best placed in the Year of the Snake
06/02/2025

Tankers best placed in the Year of the Snake

As shipping slithers somewhat apprehensively into the Year of the Snake, analysts reckon tankers – whether hauling gas or oil – are best placed to see an uptick in fortunes. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkS...

The news distillery
06/02/2025

The news distillery

One of the favourite parts of my job is compiling Splash Extra’s monthly review – a chance to assess concisely what were the biggest stories of the past few weeks and to place them in context and level of importance. In the six years – and 73 monthly reviews neatly composed – I can confident...

January 2025 Review
06/02/2025

January 2025 Review

The Houthis of Yemen rowed back from attacking merchant shipping following January 19’s historic ceasefire agreement between Israel and Hamas, potentially bringing an end to the 14-month-long Red Sea shipping crisis. The Houthis said so long as the ceasefire remains in place, international merchan...

Dry cargo: A case of snakebite
06/02/2025

Dry cargo: A case of snakebite

For those born in the Year of the Ox, such as 1949, the year that Chairman Mao declared the Chinese republic, the coming Year of the Snake is forecast to be a year of stability and productivity. President Xi would presumably settle for that. The dry bulk freight market however has been warned of zer...

Containers: Snakes and ladders
06/02/2025

Containers: Snakes and ladders

The container shipping freight market has felt like a game of snakes and ladders since the pandemic. Shippers negotiate the trade board, hoping to make steady progress. Sometimes the rates they pay climb exponentially up a ladder for a while, for instance when the pandemic and the Red Sea crisis cau...

Analyst Abstract
06/02/2025

Analyst Abstract

Tankers The global crude tanker fleet is getting older and older. You’d have to go all the way back to the year 1988 to find the time when there were fewer crude tanker newbuild deliveries than last year. In 2024, new crude oil tanker deliveries dropped to a 36-year low as only 17 new tankers, …

Asset prices slide
05/02/2025

Asset prices slide

January has not been kind to dry bulk, with rates barely breaking even, something that has clearly put pressure on secondhand values. For how long this slump remains divides opinion. Canny Greek owners clearly think an uptick in fortunes in the new Year of the Snake is some way off. “It is interes...

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