Topic
vessel
Logistics Petra Marine Sells Two Accommodation Barges for Combined $15 Million in Separate Deals
Malaysia's Petra Marine has agreed to sell two Malaysian-flagged accommodation work barges in separate deals totaling $15 million. The Petra Endeavour was sold to India-based AJR Oil & Gas Engineering Services for $7.75m, and the Petra Orbit to UAE-registered Beaufond Swissline for $7.25m. Petra Marine said the sales will reduce future laid-up, reactivation, and drydocking costs.
Logistics Pelagic Credit Completes $47.4m Sale-and-Leaseback of Three Hartmann Handysize Bulkers
Oslo-listed Pelagic Credit has closed a $47.4 million sale-and-leaseback transaction for three Hartmann-controlled handysize bulkers, marking its entry into the dry bulk sector. The vessels will be chartered back to Hartmann on seven-year bareboat contracts, adding over $107 million to Pelagic Credit's backlog.
Logistics Greek Owner JME Navigation Adds Another Ultramax to New Dayang Orderbook, Securing 2030 Delivery Slot
JME Navigation has ordered another 64,000 dwt ultramax from New Dayang Shipbuilding, scheduled for early 2030 delivery. The deal lifts JME's orderbook at the yard to three Crown 63 vessels, with the first due July 2027. No price has been disclosed, but a recent comparable order valued similar ships at about $38.5 million apiece.
Logistics Sallaum Lines Expands Car Carrier Orderbook with Fresh China Deal, Boosting Ro-Ro Capacity
Swiss car carrier operator Sallaum Lines has ordered a new 8,600-ceu LNG dual-fuel car carrier from China Merchants Shipyard, with an option for a second vessel. The order lifts its newbuilding program to nine vessels with a combined investment of more than $850 million. The latest vessel is scheduled for delivery in 2029, joining a series of ships already delivered or due in the near term.
Logistics Jinhui Secures $36M via Leaseback for Two Ultramax Newbuilds, Advancing Fleet Renewal
Jinhui Shipping and Transportation has arranged up to $36 million in sale-and-leaseback financing for two new ultramax bulk carriers building in China. The vessels, scheduled for delivery in early 2028, will be leased back for up to five years, supporting the company's fleet renewal programme and retention of operational control.
Logistics HD Hyundai Launches First Ship from Revived Subic Shipyard in the Philippines
HD Hyundai Heavy Industries Philippines has launched the Orion Jade, the first vessel built at its revived Subic shipyard, marking the start of full-scale operations. The 250-metre bulker is the first of a four-ship order. The project has created 4,000 jobs, expected to double, and reflects Korean shipbuilding expansion beyond South Korea.
Logistics Golden Energy Offshore Secures UK North Sea PSV Contract Worth Up to £10m
Norwegian offshore vessel owner Golden Energy Offshore Services (GEOS) has secured a term contract for its 2015-built PSV Energy Pace with an unnamed first-class international charterer. The firm period covers nine wells (~319 days) with options for eight more, total potential value of £10m ($13.3m). Operations will take place on the UK Continental Shelf.
Logistics Ditaş Orders Two Suezmax Tankers at DH Shipbuilding in $196M Deal
Turkish tanker owner Ditaş has been linked to an order for two 157,000 dwt suezmaxes at South Korea's DH Shipbuilding, valued at KRW271.3bn ($196m). This marks Ditaş's first suezmax order in about a decade and would double its suezmax fleet to four vessels. DH Shipbuilding's 2026 order intake reaches a record 17 ships.
Logistics 26-Year-Old Car Carrier Chang Sheng Hong Fetches $42 Million at Shanghai Auction, Triple Reserve
The 4,310-ceu car carrier Chang Sheng Hong was sold at auction in Shanghai for approximately $42 million, three times its reserve price of RMB95 million ($14 million). The 26-year-old vessel, built in 2000 at Croatia's Uljanik shipyard, had previously traded as Dresden and was renamed in 2017 after entering Chinese ownership. The sale underscores an extremely tight car carrier market driven by China's surging vehicle exports, with up to 2 million cars shipped on containerships this year.
Logistics Evalend Shipping Places $310m Newcastlemax Order at Dajin Heavy Industry
Evalend Shipping has placed a $310m order for three-plus-one newcastlemax bulk carriers at China's Dajin Heavy Industry. The firm order covers three 211,000 dwt vessels with delivery across 2029 and 2030, marking Evalend's entry into the newcastlemax sector.
Logistics COSCO orders eight heavylift ships at Chengxi Shipyard to boost offshore wind capacity
COSCO Shipping Specialised Carriers has ordered eight 60,000 dwt multipurpose heavylift newbuildings at CSSC Chengxi Shipyard with an investment of up to RMB2.624bn ($387.8m). Deliveries are scheduled from April 2029 to June 2030 to meet growing demand from offshore wind and Chinese industrial equipment exports. This follows previous orders for four 40,000 dwt ships and a leasing deal for six similar vessels.
Logistics Seamec strengthens offshore fleet with $70m diving support vessel buy
Indian offshore vessel operator Seamec has signed a definitive agreement to purchase the diving support vessel (DSV) Seamec Anant from its parent company HAL Offshore for $70 million. The vessel, built in 2023, will be chartered back to HAL Offshore at a $45,000 dayrate after delivery around August 31. Separately, Seamec's board approved the sale of the bulk carrier Seamec Gallant for $9.5 million.
Logistics Nanjing Tanker Orders Four MR Product Tankers at GSI for $182.8M
China's Nanjing Tanker has approved a $182.8M order for four MR product and chemical tankers at Guangzhou Shipyard International (GSI), with delivery scheduled across 2028 and 2029. The vessels will meet IMO Tier III and EEDI phase 3 standards and be prepared for methanol dual-fuel conversion. The order extends a long relationship between the two companies, with GSI having already delivered over 10 MR units to Nanjing Tanker.
Logistics Rubico Acquires MR Tanker Newbuilding from Top Ships in Fleet Expansion Deal
Nasdaq-listed tanker owner Rubico has agreed to acquire an MR tanker newbuilding from former parent Top Ships for about $6.25m for the shares of a special-purpose company holding the contract. The 47,499 dwt product and chemical tanker, built at Guangzhou Shipyard International (GSI), is priced at $45.2m and scheduled for delivery in Q3 2029. The vessel has been fixed to an unnamed major oil trader for seven years with extension options, carrying potential gross revenue of about $75.4m.
Logistics Windcat Secures Long-Term Crew Transfer Vessel Contracts with Ørsted for UK Offshore Wind Operations
Windcat, part of CMB.TECH, has signed firm five-year contracts (with optional extensions) to supply seven crew transfer vessels (CTVs) to support Ørsted's offshore wind farm operations based out of Grimsby. The vessels, a mix of four 12-seaters and three 24-seaters, will serve Ørsted’s Generation UK Hub, which operates six offshore wind farms.
Logistics Andriaki Shipping Breaks Decade-Long Newbuilding Silence with LR1 Tanker Pair at Chinese Yard
Greek tanker owner Andriaki Shipping has been linked to its first newbuilding order in about a decade, booking two 73,500 dwt LR1 tankers at China's New Times Shipbuilding. The scrubber-fitted vessels are priced at about $55.1m each and expected to deliver in 2030, marking a rare move into Chinese shipyards for the conservative owner.
Logistics Union Maritime Widens Newbuild Push with VLGC Debut at HD Hyundai Heavy Industries
According to Splash247, diversified UK owner Union Maritime has been linked to its first very large gas carrier (VLGC) newbuilding order, with two VLGC/VLAC vessels on order at HD Hyundai Heavy Industries in South Korea. The ships, costing roughly $234 million total, are expected to deliver in 2029. This marks the company's entry into the large gas carrier sector, adding to its broad orderbook of tankers, chemical tankers, product carriers, and dry bulk tonnage.
Logistics Asyad places $308m order for six MR tankers at HD Hyundai Heavy Industries
Omani owner Asyad Shipping has ordered six MR product tankers at HD Hyundai Heavy Industries for $308m, with deliveries from 2029, and has secured five-year time charter contracts for all vessels with a leading global energy company. The deal continues Asyad's fleet expansion following its Muscat Stock Exchange listing, and follows recent dry bulk acquisitions including two kamsarmaxes and two baby capes.
Commodities DOF Secures Three-Year Charter for Subsea Support Vessel Skandi Involver in North America
Norwegian offshore vessel owner DOF has been awarded a three-year firm charter for its 2017-built subsea support vessel Skandi Involver in North America, with two one-year options. The contract, commencing early Q3 2026, covers subsea construction, inspection, maintenance, and well intervention support.
Logistics Remøy Shipping Rebrands as Bower Offshore After Zamil Offshore Acquisition
Six months after Saudi Arabia's Zamil Offshore Services Company acquired Norway's Remøy Shipping, the company has rebranded to Bower Offshore. The new name references the main anchor of a ship, symbolizing stability. The company, founded in 1899, operates six vessels in the North Sea. The rebranding may signal a strategic shift for offshore logistics clients.
Logistics DOF Wins APAC Subsea Construction Deal, Deploys Skandi Inventor in North Australia
Norwegian offshore vessel owner DOF has secured a large contract for subsea construction and pre-commissioning support services in the APAC region. The 2018-built CSV Skandi Inventor will be deployed for offshore operations in north Australian waters starting Q4 2026, with a duration of 160-250 days. DOF will provide project management, engineering, procurement, and logistics support.
Logistics Ocean Installer Extends Solstad Maritime CSV Charter Through 2028 with Options to 2031
Ocean Installer, a Moreld subsidiary, has exercised an option to extend the charter of Solstad Maritime's construction support vessel Normand Vision through end of 2028, with additional annual options for 2029 and 2030 that could extend the contract until 2031.
Logistics d'Amico International Shipping fixes MR2 tanker to oil major for two-year period
Italian product tanker owner d’Amico International Shipping has chartered out one of its MR2 tankers to an oil major for two years. The deal, signed by its Irish operating arm d’Amico Tankers, was described as highly profitable, though the rate and vessel name were not disclosed. Following the fixture, the company has 53% of its available vessel days covered for the second half of 2026 at an average time-charter equivalent rate of $23,700 per day.
Logistics Boskalis launches world's largest rock installation vessel Windpiper, boosting offshore wind capacity
Boskalis has commissioned the Windpiper, the world's largest subsea rock installation vessel, with a 45,500-tonne capacity. The vessel doubles the company's installation capacity, making it the largest player in the niche. Designed for offshore wind scour protection and cable burial, it reduces port calls and handles deeper-water projects.
Logistics DOF Secures Two-Year Equinor Contract Extension for Skandi Vega Until Q3 2029
Norwegian offshore vessel owner DOF has secured a two-year contract extension from Equinor for the anchor handling tug supply vessel Skandi Vega. The extension, exercised through options, makes the contract firm until the third quarter of 2029. The vessel has been continuously serving Equinor since its construction in 2010.
Logistics Simon Møkster secures new PSV frame deal with Aker BP for four-year term
Norwegian shipowner Simon Møkster Shipping has signed a new four-year frame agreement with oil and gas player Aker BP for PSV services, with two additional two-year options. The deal includes provisions for improved vessel operations and emissions reduction. It follows a similar agreement between Aker BP and Eidesvik Offshore, extending a partnership first established in 2019.
Logistics DOF Secures One-Year MPSV Extension for Skandi Darwin in Australia Through Q3 2027
Norwegian offshore vessel owner DOF has secured a one-year extension for the multipurpose supply vessel Skandi Darwin in Australia. The extension will keep the vessel working for its current client until the third quarter of 2027. Financial terms and client name were not disclosed, but the vessel previously served Shell's Prelude FLNG facility.
Logistics Keyfield Secures 13 Charter Deals Worth $55.7M Across Asia and Middle East
Malaysia-based Keyfield International has been awarded 13 new charter contracts worth RM229m ($55.7m), with extension options valued at RM41m ($10m). The deals cover offshore oil and gas support in Malaysia, Thailand, and the Middle East, bringing total contract wins in H1 2026 to 21. CEO Darren Kee Chit Huei highlighted diversification as a resilience strategy.
Logistics Jinjiang Shipping Doubles Yangzijiang Boxship Order with Four More 1,900 TEU Vessels
Shanghai-listed Jinjiang Shipping has firmed up options for four more 1,900 TEU containerships at Yangzijiang Shipbuilding, doubling its feeder newbuilding program to eight vessels. The orders are part of a 4+4 plan worth up to RMB1.94bn, aimed at fleet renewal and Southeast Asia expansion. Deliveries for the latest quartet begin from May 2029, following the first batch from 2028.
Logistics Nortrans Flotel Nor Spirit Chartered by SBM for Angola FPSO Life-Extension Work
Singapore-based Nortrans Offshore has secured a two-year charter for its DP3 semi-submersible flotel Nor Spirit with SBM Offshore. The vessel will support life-extension work on the FPSOs Saxi Batuque and Mondo on Block 15 in Angola, operated by SBM under a lease with ExxonMobil affiliate Esso Exploration Angola.
Logistics Greek owner Ionic orders four tanker newbuilds at Japanese shipyards for fleet renewal
Greek shipping company Ionic has ordered four tanker newbuildings at Japanese shipyards, according to Greek media reports. The order, led by owner Dimitris Sarakakis, includes a mix of suezmax and aframax tankers aimed at fleet renewal rather than expansion. No price or delivery dates have been disclosed.
Commodities First Urea Vessel for India Sails via Hormuz, Set to Reach East Coast in 7-9 Days
The first of 16 stranded fertilizer vessels has begun sailing via the Strait of Hormuz and is expected to reach an Indian east coast port in 7-9 days. Industry sources said 7 more urea ships will depart in the coming days, with all 3 lakh tonnes of imported urea likely to arrive by July 15. Meanwhile, new tender rates have dropped sharply, with NFL's June 8 bids at $449/tonne west coast and $445/tonne east coast, far below April's $935/tonne.
Logistics Sallaum Lines Orders Its Largest Car Carriers Yet, Boosting Fleet Capacity
Sallaum Lines has ordered two firm and two optional 8,600 ceu car carriers from Xiamen Shipbuilding Industry, its largest vessels to date. The LNG/ammonia-ready ships will serve core routes across Europe, Americas, Africa, and the Middle East, supporting growing OEM flows and Asian exports.
Logistics Varamar Enters Ship Ownership with Four-Vessel Acquisition, Marks Strategic Shift
Antwerp-based multipurpose and breakbulk operator Varamar has acquired four 5,200 dwt vessels, marking its first entry into ship ownership. The vessels will be integrated into its commercial network by early 2027, giving the company greater flexibility and reducing reliance on the volatile charter market. The move comes amid constrained modern MPP tonnage and lagging replacement orders.
Logistics CM Energy Launches Innovative Meridian Class CSOV
CM Energy has introduced the Meridian Class CSOV, a next-generation vessel designed for the offshore wind industry. This vessel offers low-carbon propulsion options, aligning with sustainability goals.
Logistics Sincere Navigation Sells VLCC Maxim to Sinokor
Sincere Navigation has sold its 2011-built VLCC Maxim to Sinokor, marking its second VLCC sale this year. This transaction highlights Sinokor's active role in the VLCC market.
Logistics DHT Expands VLCC Fleet with New Hanwha Order
DHT Holdings has placed an order for a new Very Large Crude Carrier (VLCC) with Hanwha Ocean, continuing its fleet renewal strategy. The new vessel will be delivered in August 2028, following the successful delivery of two sister ships earlier this year.
Logistics Container Newbuild Delivered Amid Panama Canal Draft Cuts
The Behram Box, a containership stranded since the 2008 crisis, has finally been delivered and entered service, highlighting the strong demand for feeder tonnage. Meanwhile, the Panama Canal Authority has announced draft restrictions due to water level concerns, potentially impacting global shipping routes.
Logistics BW LPG's $940m VLGC Order Signals Market Confidence
BW LPG has placed a $940 million order for eight VLGCs with HD Hyundai Heavy Industries, marking a strategic shift towards newbuilds. This move underscores BW LPG's confidence in the LPG market's long-term fundamentals.
Logistics Maersk Refutes Claims of Vessel in Risky Mideast Route
Maersk has denied reports that one of its vessels transited a dangerous Middle East route. The denial follows a report by Drewry, citing tracking data, which Maersk disputes.
Logistics Australia Unveils First Strategic Fleet Vessel Amid Global Tensions
Australia has launched its first strategic fleet vessel, the ANL Kokoda, to enhance national resilience during crises. The initiative aims to reduce reliance on foreign shipping and improve supply chain security.
Logistics Wah Kwong Orders LR2 Tankers at DSIC for Fleet Renewal
Wah Kwong Maritime Transport has ordered two LR2 tankers from DSIC, with options for two more, as part of its fleet renewal strategy. The vessels will include energy-efficiency upgrades and future-fuel readiness.
Logistics Seanergy Expands Fleet with Sixth Eco-Friendly Newbuild
Seanergy Maritime is advancing its fleet renewal strategy with the addition of a sixth eco-design bulker. This move marks a shift towards modern, fuel-efficient vessels, enhancing fleet quality and long-term earnings.