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Maritime Operations Group (MOG) and HD Hyundai Heavy Industries (HHI) signed a memorandum of understanding MoU aimed at accelerating the development, construction and delivery of modern diesel-electric submarines and undersea technologies for U.S.
https://www.marinelink.com/news/mog-hhi-ink-mou-build-submarines-533749
https://www.marinelink.com/news/mog-hhi-ink-mou-build-submarines-533749Today, Friday, December 19 2025, the Baltic Dry Index decreased by 48 points, reaching 2023 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-2023-down-48-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2023-down-48-points/Dutch floater expert SBM Offshore has signed contract extensions for the lease and operation of the Mondo and Saxi Batuque FPSOs with an affiliate of ExxonMobil. The extension, awarded by Esso Exploration Angola, secures ownership and operations by SBM Offshore until 2032. The agreement includes life-extension activities for equipment replacement and refurbishment. The scope of …
https://splash247.com/exxonmobil-extends-leases-for-two-sbm-offshore-fpsos-off-angola-until-2032/
https://splash247.com/exxonmobil-extends-leases-for-two-sbm-offshore-fpsos-off-angola-until-2032/Oslo-listed semisub player Odfjell Drilling has turned a letter of intent into a contract with Norwegian major Equinor for the use of the 2014-built Deepsea Aberdeen. The letter of intent for the rig was awarded last month. At the time, the client was left undisclosed.Equinor will use the unit to drill an unspecified scope in an …
https://splash247.com/odfjell-drilling-formalises-373m-semisub-contract-with-equinor/
https://splash247.com/odfjell-drilling-formalises-373m-semisub-contract-with-equinor/Franco-Swiss maritime startup Fly-Box is moving its foil-borne container concept into the next phase, launching a detailed techno-economic assessment with a global player active in both shipping and terminal operations. The move follows a busy year for the deeptech firm, which has been lining up pilot routes in the Gulf and successfully flying a scaled …
https://splash247.com/containers-seen-flying-across-lake-geneva/
https://splash247.com/containers-seen-flying-across-lake-geneva/Nordic American Tankers has booked a healthy profit from the sale of two older suezmax tankers as the company presses on with its fleet renewal strategy. The New York-listed owner said it has sealed a deal to sell a pair of 2004- and 2005-built suezmaxes for a combined net price of $50m. Both vessels are …
https://splash247.com/nordic-american-tankers-trims-old-tonnage-ahead-of-newbuild-push/
https://splash247.com/nordic-american-tankers-trims-old-tonnage-ahead-of-newbuild-push/Greek bulker owner DryDel Shipping has moved to deepen its exposure to larger tonnage, signing contracts for two more capesize bulk carriers at Japan’s Namura Shipbuilding. The latest deals take DryDel’s capesize orderbook to four vessels, all under construction at the Japanese yard. The Athens-based company placed its first-ever capesize order in late 2024, booking …
https://splash247.com/drydel-doubles-down-on-capesize-newbuilds/
https://splash247.com/drydel-doubles-down-on-capesize-newbuilds/Japan’s Nippon Yusen Kaisha (NYK) is pushing ahead with another LNG carrier expansion, lining up four large newbuildings at HD Hyundai Heavy Industries. The Tokyo-headquartered behemoth has signed up for a 200,000 cu m quartet at the Korean yard, with options in place for a further four units. The deal is tied to a co-investment …
https://splash247.com/nyk-and-ocean-yield-team-up-on-lng-carrier-quartet/
https://splash247.com/nyk-and-ocean-yield-team-up-on-lng-carrier-quartet/Mitsui OSK Lines (MOL), Japan’s largest shipping company, has announced Jotaro Tamura is stepping up to become president and CEO come April 1 next year, replacing Takeshi Hashimoto who will take over the chairman’s office. “Amidst a rapidly changing business environment, it is essential to address a wide range of management challenges—such as defining strategic …
https://splash247.com/mol-names-new-president/
https://splash247.com/mol-names-new-president/The European Union has escalated its campaign against Russia’s shadow fleet, adding another 41 vessels to its sanctions list and taking the total number of designated ships to nearly 600, as Western powers intensify pressure on Moscow’s oil revenues. The latest EU move targets a mix of tankers accused of transporting Russian crude and petroleum …
https://splash247.com/eu-widens-shadow-fleet-net-as-uk-and-us-tighten-energy-sanctions/
https://splash247.com/eu-widens-shadow-fleet-net-as-uk-and-us-tighten-energy-sanctions/