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John Fredriksen-controlled tanker heavyweight Frontline has confirmed the sale of its two oldest suezmax tankers, extending a fleet renewal programme that is reshaping the company’s crude carrier portfolio. The New York and Oslo-listed owner said it agreed in April to sell the vessels, built in 2014 and 2015, to an unrelated buyer for a combined …
https://splash247.com/frontline-cashes-in-on-ageing-suezmax-pair/
https://splash247.com/frontline-cashes-in-on-ageing-suezmax-pair/Greek shipping veteran Peter Georgiopoulos is making a major return to the very large crude carrier market, with Athens-based United Overseas Group (UOG) booking up to 10 newbuildings at China’s Wison New Energies. The order marks Georgiopoulos’ third chapter as a VLCC owner following his leadership of General Maritime and later Gener8 Maritime, both of …
https://splash247.com/peter-georgiopoulos-returns-to-vlcc-arena-with-up-to-10-newbuilds-at-wison/
https://splash247.com/peter-georgiopoulos-returns-to-vlcc-arena-with-up-to-10-newbuilds-at-wison/French engineering firm GTT has an order from the shipyard Hanwha Ocean for the tank design of a new liquefied natural gas (LNG) carrier, on behalf of a European ship-owner.GTT will design the cryogenic tanks of the vessel, offering a total capacity of 174…
https://www.marinelink.com/news/gtt-design-lng-carrier-tank-hanwha-ocean-539537
https://www.marinelink.com/news/gtt-design-lng-carrier-tank-hanwha-ocean-539537A new Incat Crowther-designed passenger ferry has entered service in the U.S. Virgin Islands, operating between Red Hook on St. Thomas and Cruz Bay on St. John.The 104-foot (32-meter) vessel, named Spirit of 1733, was built by Gulf Craft in Louisiana and is approved under U.S.
https://www.marinelink.com/news/new-usbuilt-ferry-begins-service-us-539538
https://www.marinelink.com/news/new-usbuilt-ferry-begins-service-us-539538Master Boat Builders christened Marauder, the first vessel in an eight-tug construction program for Maritime Partners, marking a key milestone for the Gulf Coast shipbuilder and the growing fleet operator.The christening ceremony was held at the National Maritime Museum of the Gulf in Mobile…
https://www.marinelink.com/news/rapport-tugboat-marauder-delivered-539544
https://www.marinelink.com/news/rapport-tugboat-marauder-delivered-539544The EU will temporarily lift customs duties on key nitrogen-based fertilizers such as urea and ammonia for one year to mitigate the knock-on effects of the Iran war, the Council of the EU said on Friday.Global fertiliser prices have jumped following the near total closure of the Strait of Hormuz…
https://www.marinelink.com/news/eu-temporarily-suspends-fertilizer-duties-539548
https://www.marinelink.com/news/eu-temporarily-suspends-fertilizer-duties-539548Today, Thursday, May 21 2026, the Baltic Dry Index decreased by 41 points, reaching 2964 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2964-down-41-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2964-down-41-points/Today, Friday, May 22 2026, the Baltic Dry Index climbed 27 points, reaching 2991 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2991-up-27-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2991-up-27-points/Digitalisation and artificial intelligence (AI) will create close to $500bn in cumulative value for exploration and production companies between 2026 and 2030. This value is captured through cost reductions from more efficient operations, production increases from higher uptime and increased recovery, and compressed development timelines. According to Rystad Energy estimates, E&P players currently investing in …
https://splash247.com/ai-and-digitalisation-to-unlock-500bn-for-upstream-oil-and-gas/
https://splash247.com/ai-and-digitalisation-to-unlock-500bn-for-upstream-oil-and-gas/A 52-minute documentary titled Posidonia is seeking to raise awareness about the fragile state of the Mediterranean, offering a very different take on the name more commonly associated with the shipping industry’s giant trade exhibition in Greece. Directed by French filmmakers and explorers Nelly Kars and Bruno Lambert, the film follows a 400 km journey …
https://splash247.com/posidonia-the-movie/
https://splash247.com/posidonia-the-movie/