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Global container lessor CS Leasing has changed hands, with New York-based ITE Management acquiring the business in a deal that shifts ownership of one of the sector’s larger specialist fleets. The transaction, completed through ITE-managed funds for an undisclosed price, sees the US investor take control of a platform focused on ISO tank containers and …
https://splash247.com/us-investor-takes-control-of-container-specialist-cs-leasing/
https://splash247.com/us-investor-takes-control-of-container-specialist-cs-leasing/Should the energy transition be reframed as a trade resilience strategy, asks Mariam Tzannatos, decarbonisation analyst and Maritime Strategies International. The conflict in the Middle East has once again exposed a structural feature of the global energy system: concentration risk. Roughly one-fifth of global oil trade transits the Strait of Hormuz. LNG flows from Qatar …
https://splash247.com/what-war-reveals-about-energy-security/
https://splash247.com/what-war-reveals-about-energy-security/Many sectors in commercial shipping have welcomed new size records in recent years. So too, cable-layers, a segment suddenly in much demand with undersea infrastructure coming under multiple attacks across the world, especially in the Baltic and in Taiwan. Jan De Nul has just celebrated the launch of the William Thomson, one of two giant …
https://splash247.com/in-demand-cable-layers-get-the-supersize-treatment/
https://splash247.com/in-demand-cable-layers-get-the-supersize-treatment/Panama Ports Company (PPC), a subsidiary of Hong Kong’s CK Hutchison, has filed arbitration against Maersk, accusing the Danish group of seeking to replace its operations in the Panama Canal. The legal proceedings go alongside an existing case Hutchison has launched against the Panamanian government over the decision earlier this year to scrap its concessions …
https://splash247.com/hutchison-takes-maersk-to-court-over-panamanian-fallout/
https://splash247.com/hutchison-takes-maersk-to-court-over-panamanian-fallout/Eastern Pacific Shipping (EPS) has booked a pair of suezmax newbuildings in China as it works to bolster its crude tanker fleet. Shipbuilding sources say the Idan Ofer-led company has contracted CSSC-controlled Guangzhou Shipyard International (GSI) for two 157,000 dwt crude carriers, with delivery expected around 2028. The Singapore-based owner has been reshaping its tanker …
https://splash247.com/eastern-pacific-adds-fresh-suezmax-pair-in-china-push/
https://splash247.com/eastern-pacific-adds-fresh-suezmax-pair-in-china-push/The 300,000 dwt VLCC Mali, a 2001-built vintage tanker with a colourful past, is now lying idle at anchor off Karachi under the Aruba flag after being reported sold for scrap. Previously known as Ceres I and subject to sanctions, the vessel displays clear dark fleet characteristics. As Ceres I, the tanker was involved in a …
https://splash247.com/infamous-shadow-tanker-readies-for-demolition-in-pakistan/
https://splash247.com/infamous-shadow-tanker-readies-for-demolition-in-pakistan/Istanbul-based marine surveyor and bunker specialist VTS Shipping is heading into Geneva Dry 2026 with a focus on what works in practice, as new technology beds in and market pressure builds across segments. Managing partner Captain Ali Ihtiyaroglu says some of the long-discussed technologies are now delivering measurable results at sea. “Wind-assisted propulsion has crossed …
https://splash247.com/geneva-dry-dialogues-vts-shipping/
https://splash247.com/geneva-dry-dialogues-vts-shipping/Mesabi Metallics, backed by Essar Group, has secured $150 million of financing from Macquarie Group, supporting the Q3 2026 startup of its world-scale Direct Reduction (DR) grade iron ore mine and pellet plant in Nashwauk, Minnesota.The financing…
https://www.marinelink.com/news/mesabi-metallics-secures-funding-new-537786
https://www.marinelink.com/news/mesabi-metallics-secures-funding-new-537786HII and GrayMatter Robotics (GMR) have signed a memorandum of understanding to explore the integration of GMR’s Physical AI into shipbuilding operations that could accelerate throughput.This will include bringing autonomous surface preparation…
https://www.marinelink.com/news/hii-teams-graymatter-robotics-integrate-537787
https://www.marinelink.com/news/hii-teams-graymatter-robotics-integrate-537787Hong Kong-based conglomerate CK Hutchison's Panama unit has launched an arbitration against Maersk after the takeover of two strategic ports near the Panama Canal which are at the center of a legal battle that has embroiled Beijing and Washington.In a statement…
https://www.marinelink.com/news/ck-hutchisons-panama-unit-files-537791
https://www.marinelink.com/news/ck-hutchisons-panama-unit-files-537791