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AET has moved to strengthen its shuttle tanker platform with an order for its first hybrid electric newbuild, adding another lower-emissions option to its fleet. The Singapore-based tanker arm of Malaysia’s MISC has contracted Dalian Shipbuilding Industry Corp for the construction of a 154,000 dwt unit, scheduled for delivery in 2028. Financial terms have not …
https://splash247.com/aet-orders-its-first-hybrid-electric-shuttle-tanker/
https://splash247.com/aet-orders-its-first-hybrid-electric-shuttle-tanker/PaxOcean has opened a new S$200m ($158m) shipyard in Singapore at 5 Jalan Samulun (5JS). The shipyard, situated in the Jurong Industrial Estate, spans 17.26 ha and features two large graving docks, one floating dock, expanded quayside capacity, and dedicated, integrated workshops to support complex and high-value maritime and offshore assets. 5JS replaces PaxOcean’s previous …
https://splash247.com/paxocean-opens-new-yard-in-singapore/
https://splash247.com/paxocean-opens-new-yard-in-singapore/Antin Infrastructure Partners, a French private equity firm, has bought American shipyard Vigor Marine Group from Dallas-based Lone Star Funds for an undisclosed sum. Antin has vowed to expand capacity across Vigor Marine’s five locations in Seattle, Portland, Vancouver, San Diego and Norfolk. In total, the group operates six drydocks and 29 berths today, employing …
https://splash247.com/french-private-equity-buys-vigor-marine/
https://splash247.com/french-private-equity-buys-vigor-marine/A Panama‑flagged container vessel en route from Port Klang to Chattogram sank off Phuket over the weekend after developing a sudden, severe list. The Sealloyd Arc’s master issued an abandon‑ship call at about 15:00 local time on Saturday; Thai authorities and nearby craft evacuated all 16 Bangladeshi crew by 15:50 and later confirmed they were …
https://splash247.com/boxship-sinks-off-phuket/
https://splash247.com/boxship-sinks-off-phuket/India’s coast guard announced on Friday that it had detained three tankers about 100 nautical miles west of Mumbai in what it described as a coordinated strike against an international oil‑smuggling network. “The syndicate exploited mid-sea transfers in international waters to move cheap oil from conflict-ridden regions to motor tankers, evading duties owed to coastal …
https://splash247.com/india-clamps-down-on-shadow-fleet/
https://splash247.com/india-clamps-down-on-shadow-fleet/CAPE Holland, a global leader in offshore industry foundation installation equipment and a company within the Venterra Group, announced that it has secured a contract with CDWE for the Fengmiao Offshore Wind Farm project in Taiwan. Under this agreement…
https://www.marinelink.com/news/cape-holland-awarded-contract-fengmiao-535410
https://www.marinelink.com/news/cape-holland-awarded-contract-fengmiao-535410Norwegian offshore vessel owner Solstad Maritime has lined up a fresh contract cover for its construction support vessel Normand Navigator, signing a letter of intent with an international subsea contractor. The Oslo-listed group said the contract is due to start in the second quarter of 2026 and will run for 450 days, with options to …
https://splash247.com/solstad-locks-in-long-term-csv-deal/
https://splash247.com/solstad-locks-in-long-term-csv-deal/Norwegian offshore contractor DOF Group has landed a sizeable well intervention contract in North America, securing work with Shell Offshore in the US Gulf of Mexico. The contract covers hydraulic subsea well intervention services and will be executed by DOF’s regional subsea team. The scope includes project management and engineering, provision of an intervention vessel, …
https://splash247.com/dof-wins-shell-well-intervention-work-in-us-gulf/
https://splash247.com/dof-wins-shell-well-intervention-work-in-us-gulf/GSX Energy has firmed up an order for two additional LNG bunkering vessels at China’s Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE), lifting its series at the yard to four ships. GSX Energy was formed in October 2025 as a joint venture between Sabrina Chao- and Kenneth Lam-led SeaKapital Holdings, China’s Seacon Shipping and …
https://splash247.com/gsx-energy-firms-up-lng-bunker-pair-in-china/
https://splash247.com/gsx-energy-firms-up-lng-bunker-pair-in-china/Fast-growing Greek owner Venergy Maritime is pushing further up the product tanker ladder, firming up a new order for LR2 newbuildings in China as it continues to build scale across the sector. The Vyron Vasileiadis-led company has signed for two more LR2 product tankers at New Times Shipbuilding, with options in place for a further …
https://splash247.com/venergy-steps-up-lr2-newbuild-push/
https://splash247.com/venergy-steps-up-lr2-newbuild-push/