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Malaysia’s MISC has moved into the floating regasification space, lining up a newbuild FSRU at Samsung Heavy Industries to serve a long-term contract with Petronas Gas. The Bursa Malaysia-listed owner confirmed it had accepted a letter of award from Petronas Gas for the supply, operation and maintenance of an FSRU under a 20-year agreement, with …
https://splash247.com/misc-enters-fsru-market-with-samsung-heavy-newbuild-for-petronas/
https://splash247.com/misc-enters-fsru-market-with-samsung-heavy-newbuild-for-petronas/The Maritime Attention Index shows that public interest in the shipping industry is fading from the highs early in the US-Israel war on Iran, writes Dustin Eno, a crisis communications consultant. US president Donald Trump’s announcement on March 3 that US armed forces would “guide” vessels out of the Strait of Hormuz in an operation …
https://splash247.com/shippings-rare-moment-in-the-spotlight-is-slipping/
https://splash247.com/shippings-rare-moment-in-the-spotlight-is-slipping/Authorities in Newfoundland and Labrador have agreed on a final plan to remove the wreck of the MSC Baltic III, with contractors set to dismantle the vessel in sections and haul it ashore for recycling. The operation will see the grounded containership cut into manageable blocks before being pulled onto land, a method chosen to …
With Posidonia’s conference programme starting tomorrow – more than three weeks before the exhibition gets underway – the world’s top shipyards are getting ready to market their newbuild offerings to Europe’s largest shipowning nation, which is in the midst of a historic fleet rejuvenation. Data from Xclusiv Shipbrokers shows Greek newbuilding activity hit a record …
https://splash247.com/posidonia-opens-as-greek-shipping-embarks-on-historic-fleet-renewal/
https://splash247.com/posidonia-opens-as-greek-shipping-embarks-on-historic-fleet-renewal/Speakers took to the stage at last week’s Geneva Dry’s AI, Digitalisation and the Dry Bulk Workforce session to the strains of REM’s It’s The End Of The World As We Know It – a song choice that moderator Cynthia Worley of Sedna described as carefully selected. “Whether you think it’s the prize or the …
https://splash247.com/its-the-end-of-the-world-as-we-know-it-geneva-dry-tackles-ai-upheaval/
https://splash247.com/its-the-end-of-the-world-as-we-know-it-geneva-dry-tackles-ai-upheaval/The containership orderbook has reached a record high of 13m teu, according to consultancy Linerlytica which is warning of looming overcapacity. Ships on order are now greater than the combined extant fleets of Maersk, CMA CGM and COSCO. The orderbook ratio at 38.3% is at highs not seen since the global financial crisis nearly 20 …
Twenty-four hours into the Trump administration’s Project Freedom operation to guide stranded vessels out of the Persian Gulf, shipowners remain deeply cautious – and Iran’s actions on the ground are doing little to encourage confidence. On the very day US forces began the operation on Monday, Iran launched a wide-ranging missile and drone attack across …
https://splash247.com/us-protection-plan-fails-to-calm-hormuz-nerves/
https://splash247.com/us-protection-plan-fails-to-calm-hormuz-nerves/The U.S. military said on Monday it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran sought to thwart a new U.S. naval effort to open shipping through the Strait of Hormuz.U.S. President Donald Trump launched the operation…
https://www.marinelink.com/news/project-freedom-gets-off-a-troubled-start-538767
https://www.marinelink.com/news/project-freedom-gets-off-a-troubled-start-538767California energy officials on Monday opened an investigation into the Trump administration's agreement with an offshore wind company to cancel a planned project off the state's central coast.The state said it was seeking information about the…
https://www.marinelink.com/news/california-probes-trump-administration-538769
https://www.marinelink.com/news/california-probes-trump-administration-538769Tidewater Inc. has announced a revenue drop for the three months ended March 31 of $326.2 million compared with $333.4 million for the three months ended March 31, 2025.Tidewater's net income for the three months ended March 31, 2026, was $6.1 million ($0.12 per common share)…
https://www.marinelink.com/news/tidewater-reports-revenue-decline-first-538771
https://www.marinelink.com/news/tidewater-reports-revenue-decline-first-538771