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ExxonMobil Guyana, the local arm of US supermajor ExxonMobil, has acquired the FPSO One Guyana from Dutch floater expert SBM Offshore. ExxonMobil bought the FPSO ahead of the maximum lease term, which would have expired in August 2027. The unit has been on hire since August 2025 and will continue to operate under the integrated …
https://splash247.com/exxonmobil-buys-fpso-one-guyana-from-sbm-offshore/
https://splash247.com/exxonmobil-buys-fpso-one-guyana-from-sbm-offshore/Syria’s state-owned Syrian Petroleum Company has signed a memorandum of understanding with US supermajor Chevron and Qatar’s Power International Holding to develop the country’s first offshore oil and gas field. The agreement targets exploration and development in Syrian territorial waters. The deal represents Syria’s first formal offshore push after the ousting of the Bashar al-Assad …
https://splash247.com/post-assad-syria-turns-to-offshore-oil-with-chevron-qatar-pact/
https://splash247.com/post-assad-syria-turns-to-offshore-oil-with-chevron-qatar-pact/Coordination, collaboration and control – not steel or labour – are the challenges that the region’s shipyards face, writes Cory Zachrisson from SSI. Asia Pacific sits at the centre of the global shipbuilding market, accounting for the majority of new ship and vessel construction worldwide. Its leading names drive enormous value added across the global …
https://splash247.com/the-top-five-challenges-facing-asian-shipyards-in-2026/
https://splash247.com/the-top-five-challenges-facing-asian-shipyards-in-2026/Raytheon has been selected by the US Defense Advanced Research Projects Agency (DARPA) to develop a new sensing and targeting system aimed at protecting commercial shipping and naval logistics vessels from emerging maritime threats. The RTX-owned defence contractor will lead the work under DARPA’s Pulling Guard programme, which focuses on countering risks posed by unmanned …
https://splash247.com/raytheon-to-develop-drone-based-defence-for-vulnerable-vessels/
https://splash247.com/raytheon-to-develop-drone-based-defence-for-vulnerable-vessels/Zhonggu Logistics has continued to build out its orderbook, lining up two post-panamax boxships at China Merchants Jinling Shipyard. The Shanghai-listed liner confirmed the deal in a stock exchange filing, saying it or its subsidiaries plan to sign a construction contract with Jinling’s Jiangsu yard for two 6,000 teu vessels. The total contract value is …
https://splash247.com/zhonggu-logistics-ups-the-ante-with-twin-boxship-order/
https://splash247.com/zhonggu-logistics-ups-the-ante-with-twin-boxship-order/German shipmanagement and shipping companies Harren Group and NSB Group have launched a new manning agent, Albireo, in the Philippines. The Manila-based team currently manages around 800 seafarers, who are deployed across approximately 90 vessels worldwide. “Albireo allows us to align our crewing processes with a unified operational standard and strong team spirit,” said Tim …
https://splash247.com/harren-and-nsb-form-crewing-joint-venture-in-manila/
https://splash247.com/harren-and-nsb-form-crewing-joint-venture-in-manila/Erin Walton from the West of England P&I Club writes for Splash today. Shipping’s fuel transition is moving faster than the frameworks designed to manage its risks. While the industry has invested significant time and capital into assessing the technical and commercial viability of alternative fuels, far less attention has been paid to who carries …
https://splash247.com/alternative-fuels-are-here-but-liability-frameworks-are-not/
https://splash247.com/alternative-fuels-are-here-but-liability-frameworks-are-not/Peter Georgiopoulos and Leo Vrondissis-led United Overseas Group is diversifying from its tanker base, announcing it is buying Norvic Shipping’s commercial platform and nine Japanese-built bulkers. The acquisition via the group’s trading arm transfers the entire issued share capital of Norvic Shipping Europe, Norvic Shipping Middle East, and Norvic Shipping Ventures to United Overseas Trading, …
https://splash247.com/georgiopoulos-and-vrondissis-diversify-into-dry-bulk-with-norvic-purchase/
https://splash247.com/georgiopoulos-and-vrondissis-diversify-into-dry-bulk-with-norvic-purchase/The dark clouds swirling around the container shipping industry intensified today with Maersk following Japan’s Ocean Network Express, in announcing its ocean division had slipped into the red for the final quarter of 2025. The Danish shipping giant also revealed today it will lay off 1,000 staff this year as cost discipline rises up the …
https://splash247.com/maersk-posts-ocean-loss-1000-job-cuts-as-container-boom-unwinds/
https://splash247.com/maersk-posts-ocean-loss-1000-job-cuts-as-container-boom-unwinds/Greek shipowner Evangelos Pistiolis has re-entered the newbuilding market, placing an order for 10 MR product tankers in China in a deal approaching $500m. Pistiolis’ privately held Central Group has signed up for the 50,000 dwt vessels at Guangzhou Shipyard International (GSI), marking the group’s first newbuilding contract in China after years of relying on …
https://splash247.com/pistiolis-in-for-10-mr-tanker-newbuilds-in-china/
https://splash247.com/pistiolis-in-for-10-mr-tanker-newbuilds-in-china/