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Steven Jones, founder of the Seafarers Happiness Index, on the sense of shadow that seems to have settled over the maritime world. “Overwhelmed by the forces of nature” is a line I came across recently in a court document describing the sinking of a ship. The phrase leapt off the page, simple, factual, yet somehow …
https://splash247.com/overwhelmed-by-the-forces-of-nature/
https://splash247.com/overwhelmed-by-the-forces-of-nature/South Korea’s Pan Ocean has expanded its newbuilding programme by exercising options for two additional newcastlemax bulk carriers at Qingdao Beihai Shipbuilding. The Harim Group-controlled shipowner confirmed in a filing that the additional vessels will cost about KRW228bn in total, or roughly $77m per ship. The latest deal follows an initial order for two 211,000 …
https://splash247.com/pan-ocean-bulks-up-with-qingdao-beihai-newcastlemaxes/
https://splash247.com/pan-ocean-bulks-up-with-qingdao-beihai-newcastlemaxes/Chinese bulker owner Nanjing Ocean Shipping Co (NASCO) has signed a contract for two ultramax bulk carriers at China Merchants Jinling Shipyard (Nanjing) as it continues to expand its fleet. The 63,500 dwt newbuilds are scheduled for delivery in 2027. Financial terms have not been disclosed. The order marks another round of business between the …
https://splash247.com/nasco-returns-to-china-merchants-yard-for-ultramax-brace/
https://splash247.com/nasco-returns-to-china-merchants-yard-for-ultramax-brace/JP Morgan’s Bermuda-based shipowning affiliate Global Meridian Holdings has been linked to an order for three suezmax crude carriers at South Korea’s Samsung Heavy Industries. The contract, disclosed last week, is worth about KRW400bn ($268m), of about $89.3m per 157,000 dwt ship, according to the yard. Deliveries are expected between the fourth quarter of 2028 …
https://splash247.com/jp-morgan-shipping-arm-books-suezmax-trio-at-samsung-heavy/
https://splash247.com/jp-morgan-shipping-arm-books-suezmax-trio-at-samsung-heavy/Shanghai-listed Jinjiang Shipping (JJ Shipping) has moved ahead with its boxship fleet expansion by ordering a series of 1,900 teu newbuilds at Jiangsu New Yangzijiang Shipbuilding. The Shanghai International Port Group-controlled carrier has signed contracts for four firm vessels with options for another four ships of the same type. Each vessel is priced at about …
https://splash247.com/jinjiang-shipping-presses-ahead-with-newbuild-plan/
https://splash247.com/jinjiang-shipping-presses-ahead-with-newbuild-plan/Greek shipowner George Procopiou is continuing his large crude carrier expansion with another order at Hengli Heavy Industry. The latest deal, placed through Dynacom Tankers, covers four 306,000 dwt VLCCs. Industry sources estimate the contracts to be worth between $400m and $600m in total. Hengli confirmed it had signed contracts for the four ships, marking …
https://splash247.com/procopiou-pushes-tanker-expansion-with-more-vlcc-orders/
https://splash247.com/procopiou-pushes-tanker-expansion-with-more-vlcc-orders/U.S. officials responding to economic uncertainty over high oil prices predicted on Sunday that the U.S.-Israeli war on Iran would end within weeks and that a drop in energy costs would follow, despite Iran's assertion that it remains "stable and strong" and ready to defend itself.U.S.
https://www.marinelink.com/news/us-officials-predict-quick-end-iran-war-536980
https://www.marinelink.com/news/us-officials-predict-quick-end-iran-war-536980The IMO Sub-Committee on the Ship Systems and Equipment (SSE) held its 12th session from March 9 to 13, 2026. ABS has issued guidance on the significant issues progressed at the session including the proposed amendments to the LSA Code.The amendments…
https://www.marinelink.com/news/imo-progresses-lifeboat-air-supply-536982
https://www.marinelink.com/news/imo-progresses-lifeboat-air-supply-536982InterManager has expressed serious concern about the worsening security situation affecting commercial shipping in the Middle East Gulf and the Strait of Hormuz.In light of the recent attacks on merchant vessels in the region, InterManager is urging ship managers…
https://www.marinelink.com/news/intermanager-advises-extreme-caution-536983
https://www.marinelink.com/news/intermanager-advises-extreme-caution-536983Louis Dreyfus Company B.V. (LDC) appointed Sébastien Landerretche as the Group’s Chief Financial Officer (CFO), effective March 18 and based in Switzerland.Landerretche joined the Group in 2004, leading global ocean freight research, based in China.
https://www.marinelink.com/news/louis-dreyfus-company-appoints-536958
https://www.marinelink.com/news/louis-dreyfus-company-appoints-536958