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US-based offshore wind developer Pacifico Energy Korea has signed a memorandum of understanding with three offshore wind suppliers in the Gwangyang Bay area to support the 3.2GW Jindo offshore wind project cluster. The agreement brings together Pacifico Energy Korea, EEW KHPC, KMC Line, and CS Energy. Under the deal, Pacifico Energy Korea will lead overall …
https://splash247.com/pacifico-energy-korea-signs-local-supply-deal-for-offshore-wind-cluster/
https://splash247.com/pacifico-energy-korea-signs-local-supply-deal-for-offshore-wind-cluster/Singapore-based offshore vessel player and shipyard Marco Polo Marine has signed a multi-year framework agreement with Siemens Gamesa Renewable Energy for the deployment of two commissioning service operation vessels in the Asia-Pacific region. The deal, struck through Marco Polo Marine’s PKR Offshore unit, will cover Siemens Gamesa projects in Taiwan on a non-exclusive basis, with …
https://splash247.com/marco-polo-marine-lands-long-term-siemens-gamesa-csov-deal/
https://splash247.com/marco-polo-marine-lands-long-term-siemens-gamesa-csov-deal/BW LPG has agreed to sell an ageing very large gas carrier for continued trading, locking in a sizeable gain as secondhand VLGC values remain firm. The Oslo- and New York-listed unit of Singapore’s BW Group said its 52%-owned subsidiary BW LPG India has signed a deal to sell the 2007-built BW Elm to an …
https://splash247.com/bw-lpg-india-lands-36m-gain-on-vintage-vlgc/
https://splash247.com/bw-lpg-india-lands-36m-gain-on-vintage-vlgc/Diversified UK owner Union Maritime has been linked to its first very large gas carrier newbuilding order. Market sources and shipping data platforms list the Laurent Cadji-led company with two VLGC/VLAC newbuildings at HD Hyundai Heavy Industries in South Korea. The ships, costing roughly $234m in total, are expected to deliver in 2029. Neither Union …
https://splash247.com/union-maritime-widens-newbuild-push-with-vlgc-debut/
https://splash247.com/union-maritime-widens-newbuild-push-with-vlgc-debut/ADNOC Logistics & Services has returned to Jiangnan Shipyard for four more LNG carrier newbuildings in a deal worth about $900m. The Abu Dhabi-listed shipping and logistics arm of ADNOC said the 175,000 cu m vessels will be built at the Shanghai yard and delivered in 2029. The agreement was signed during a visit by …
https://splash247.com/adnoc-ls-boosts-lng-fleet-with-900m-newbuild-deal-in-china/
https://splash247.com/adnoc-ls-boosts-lng-fleet-with-900m-newbuild-deal-in-china/The European Parliament has passed a non-binding motion calling on the European Commission to sanction the sale of alumina to Russia. Earlier this week, a majority of members of the European Parliament supported the resolution, seen as a symbolic gesture that will increase political pressure on the European Commission to curb significant exports from Ireland …
https://splash247.com/eu-pushes-to-end-irelands-alumina-exports-to-russia/
https://splash247.com/eu-pushes-to-end-irelands-alumina-exports-to-russia/The easiest part of becoming a shipowner is sounding like one. The hard part is paying for the ship as Sunil Kapoor details. Out of the blue, I got a call from someone I had known for many years — a senior figure at a prominent commodity trading company in Geneva. “Are you still active? …
https://splash247.com/how-not-to-become-a-shipowner/
https://splash247.com/how-not-to-become-a-shipowner/Global bank lending to shipping grew in 2025, marking a clear recovery after years of consolidation, according to the latest annual Petrofin Global Bank Research report. Petrofin’s top 40 banks increased their shipping loan portfolios to $300.6bn at the end of 2025, up 6% from $283.6bn a year earlier. The Petrofin Global Index of Ship …
https://splash247.com/bank-ship-finance-climbs-back-above-300bn/
https://splash247.com/bank-ship-finance-climbs-back-above-300bn/Traffic through the Strait of Hormuz came to a near standstill after US strikes on Iran, with president Donald Trump declaring the ceasefire between the two countries “over.” The escalation followed attacks on three commercial vessels transiting the strait on July 6 and 7. Ukraine has sharply escalated its campaign against Russian shipping and oil …
https://splash247.com/splash-wrap-hormuz-at-a-standstill/
https://splash247.com/splash-wrap-hormuz-at-a-standstill/More liquefied natural gas tankers have resumed transiting the Strait of Hormuz in recent days, ship-tracking data showed, and 22 Japan-linked vessels have left the Gulf since Tuesday, Tokyo said, despite renewed fighting in the Middle East.The Strait of Hormuz…
https://www.marinelink.com/news/lng-tankers-resume-hormuz-crossings-amid-541108
https://www.marinelink.com/news/lng-tankers-resume-hormuz-crossings-amid-541108