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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.

Poseidon Principles banks make headway in aligning with climate targets
21/12/2024

Poseidon Principles banks make headway in aligning with climate targets

The Poseidon Principles group of banks has moved closer to alignment with IMO’s revised GHG strategy to remove emissions from shipping by 2050. In its fifth annual report, the framework for measuring and reporting the alignment of lenders’ shipping portfolios with climate goals showed a noticeab...

Wallenius Wilhelmsen wins two transport deals worth $375m
21/12/2024

Wallenius Wilhelmsen wins two transport deals worth $375m

Norwegian car carrier operator Wallenius Wilhelmsen has signed two multi-year shipping contracts with large automobile OEMs, both including biofuel. The first is a three-year shipping contract valued at approximately $263m over the contract period based on the assessed volume. This contract adopts W...

ICTSI loses appeal in ongoing battle for Durban terminal concession
21/12/2024

ICTSI loses appeal in ongoing battle for Durban terminal concession

The legal tussle to operate a terminal at South Africa’s top boxport will stretch into the new year with International Container Terminal Services Inc (ICTSI) losing an appeal at the Durban High Court to dismiss a case brought by rival APM Terminals. Another court hearing is now scheduled for Marc...

Saipem firms up $684m pipeline installation deal for UK CCS projects
21/12/2024

Saipem firms up $684m pipeline installation deal for UK CCS projects

Italian offshore engineering and construction giant Saipem has been awarded contracts for the development of offshore facilities for the transportation and storage of CO2 of the East Coast Cluster in the United Kingdom. The contracts were awarded for work on the Northern Endurance Partnership (NEP)....

Angelicoussis finds Hong Kong buyer for ageing VLCC
20/12/2024

Angelicoussis finds Hong Kong buyer for ageing VLCC

Scorpio International Invest from Hong Kong has emerged as the buyer of an 18-year-old VLCC sold by Greece’s Angelicoussis Group, adding one of the oldest crude tankers in the Greek heavyweight’s fleet, the Daewoo-built Maran Aries. A string of brokers reports have reported the sale, adding a $4...

RightShip eases age trigger for vessel inspections
20/12/2024

RightShip eases age trigger for vessel inspections

The dry bulk shipping community has voiced its approval of risk management platform RightShip’s decision to revise its timeline for implementing its vessel inspection age trigger, reducing the inspection threshold from 14 to 10 years through a four-phased approach. The initial announcement of the ...

EU sanctions another 50 Russia-linked ships
20/12/2024

EU sanctions another 50 Russia-linked ships

The European Union has unveiled its latest package of sanctions against Russia, with around 50 ships from the shadow fleet targeted.  EU foreign ministers are expected to formally adopt the sanctions package on Monday. Further sanctions are expected in the new year when Poland takes over the presid...

Seaway 7 lines up vessel work on world’s largest offshore wind farm
20/12/2024

Seaway 7 lines up vessel work on world’s largest offshore wind farm

Seaway 7, the renewables unit of Oslo-listed Subsea 7, has signed a vessel reservation agreement with the developers of the Dogger Bank wind farm, off the UK. The vessel will transport and install turbines for the project. Offshore works are expected to commence in 2026. This represents additional w...

Subsea 7 gets more work in US Gulf of Mexico
20/12/2024

Subsea 7 gets more work in US Gulf of Mexico

Offshore engineering and services player Subsea 7 has won a new contract for a subsea tieback development in the US Gulf of Mexico from an undisclosed client. Subsea7’s scope of work includes the engineering, procurement, construction, and installation (EPCI) of subsea equipment, including structu...

Kawasaki Heavy scales back hydrogen ambitions
20/12/2024

Kawasaki Heavy scales back hydrogen ambitions

Kawasaki Heavy Industries is ditching plans to source hydrogen from Australian brown coal, due to delays in construction approvals. Kawasaki Heavy will now source hydrogen on home soil in Japan, and will focus on smaller hydrogen carriers than originally envisaged.  Kawasaki Heavy, which has been ...

Neste joins Ahti Pool
20/12/2024

Neste joins Ahti Pool

Sustainable fuel provider Neste has signed a letter of intent with Ahti Pool to include its European Union-exposed fleet into Ahti’s FuelEU Maritime compliance pool. This takes Ahti Pool’s total vessels under management to almost 250. Each ship in the Ahti Pool shares the compliance burden with ...

Trump’s plans and what we can do to secure supply
20/12/2024

Trump’s plans and what we can do to secure supply

Wolfgang Lehmacher delves into the expected changes, their potential impacts, and strategies businesses can adopt to navigate Trump 2.0. The political landscape is shifting with Donald Trump’s recent election, which could significantly change trade flows and disrupt global supply chains. The antic...

Next Geosolutions expands fleet with MPSV acquisition
19/12/2024

Next Geosolutions expands fleet with MPSV acquisition

Marine geoscience and offshore construction support player Next Geosolutions (NextGeo) is expanding its fleet with the acquisition of a multipurpose survey vessel (MPSV) from Norway’s Beitveit Holding. The Milan-listed company, part of Naples-based shipping group Marnavi, is paying €6.75m ($7.1m...

SLB lands contract for all Petrobras’ offshore fields in Brazil
19/12/2024

SLB lands contract for all Petrobras’ offshore fields in Brazil

Houston-based oilfield service giant SLB has won a contract from Petrobras for integrated services across all the operator’s offshore fields in Brazil. Under the contract, estimated at about $800m, SLB will oversee the construction of more than 100 deepwater wells, utilising advanced drilling, cem...

Odfjell snaps up four leased tankers
19/12/2024

Odfjell snaps up four leased tankers

Norway’s Odfjell is boosting its owned fleet through a purchase option on four vessels it currently has on long-term lease deals. The move will see the Oslo-listed chemical tanker owner and operator add a total of seven 35,000 dwt to 41,000 dwt stainless-steel super-segregator vessels in the next ...

MOL orders ammonia dual-fuel newcastlemaxes
19/12/2024

MOL orders ammonia dual-fuel newcastlemaxes

Mitsui OSK Lines (MOL) has beefed up its orderbook with a new deal for newcastlemax bulk carriers in China. Newbuilding brokers say the Japanese shipping giant has contracted four 210,000 dwt units at leading newcastlemax builder CSSC Qingdao Beihai Shipbuilding for delivery in 2027 and 2028. MOL ha...

Dynacom liked to more suezmax orders
19/12/2024

Dynacom liked to more suezmax orders

Greece’s Dynacom Tankers has been tied to another deal for suezmax newbuilds, but this time in China. Brokers in Greece report George Procopiou’s company has signed a letter of intent for four 163,000 dwt ships at Chinese state-run Qingdao Beihai Shipbuilding. The quartet is priced at about $328...

TECO 2030 files for bankruptcy
19/12/2024

TECO 2030 files for bankruptcy

One of Europe’s more high-profile marine fuel cell developers has filed for bankruptcy. Norway’s TECO 2030 made the announcement last night, saying it was no longer possible to raise sufficient capital to continue operations at the five-year-old company. Europe has found itself struggling this y...

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