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German testing specialist CM Technologies (CMT) advises that shipowners and operators need to maintain close checks on fuel quality following a series of off-specification alerts at major bunkering ports and warns that contaminated or unstable…
https://www.marinelink.com/news/cm-technologies-raises-alarm-recent-543899
https://www.marinelink.com/news/cm-technologies-raises-alarm-recent-543899Reach Subsea and Eidesvik Offshore have completed the sale of the inspection, maintenance and repair (IMR) vessel Viking Reach, with the vessel delivered to its new owners on October 26.The transaction was completed through Eidesvik Reach, a joint venture between Reach Subsea and Eidesvik Offshore…
https://www.marinelink.com/news/reach-subsea-eidesvik-complete-sale-543903
https://www.marinelink.com/news/reach-subsea-eidesvik-complete-sale-543903Today, Monday, October 26 2026, the Baltic Dry Index decreased by 32 points, reaching 2628 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-2628-down-32-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2628-down-32-points/Borr Drilling’s Prospector 5 jackup has sunk offshore Gabon, leaving five workers initially unaccounted for and forcing the suspension of production at BW Energy’s MaBoMo facility on the Dussafu Marin licence. The incident occurred at about 20:37 local time on Saturday, October 24, while the 2014-built rig was jacking up ahead of a planned drilling …
https://splash247.com/search-for-missing-workers-underway-after-borr-jackup-sinking/
https://splash247.com/search-for-missing-workers-underway-after-borr-jackup-sinking/Italian classification and engineering group RINA has appointed Paolo Moretti as its new group chief executive, turning to a maritime industry veteran to lead the Genoa-headquartered business through its next phase of expansion. Moretti, previously general manager and head of RINA’s marine and certification businesses, succeeds Carlo Luzzatto, who had led the group since December …
https://splash247.com/rina-reshuffles-leadership-with-moretti-at-the-helm/
https://splash247.com/rina-reshuffles-leadership-with-moretti-at-the-helm/Malaysia’s Harbour-Link Group has disclosed a RM56.7m ($13.9m) investment in two containerships at domestic builder Sapor Shipbuilding Industries as it expands its regional shipping operations. The Sarawak-based group said its 85%-owned subsidiary Harbour-Link Lines had entered into two contracts with the Sibu shipyard for the construction of a pair of 90 m self-propelled container vessels. …
https://splash247.com/malaysian-owner-adds-two-boxships-at-local-sapor-shipbuilding/
https://splash247.com/malaysian-owner-adds-two-boxships-at-local-sapor-shipbuilding/Malta-based commodities trader Alkagesta is entering shipowning through the acquisition of Turkish marine fuel supplier Energy Petrol, taking over an eight-vessel bunker fleet as it expands its physical fuel distribution business. The Orkhan Rustamov-led company confirmed on October 22 that it had agreed to acquire the Istanbul-based supplier in a transaction already approved by Türkiye’s …
https://splash247.com/trader-alkagesta-enters-shipowning-with-turkish-bunker-fleet-takeover/
https://splash247.com/trader-alkagesta-enters-shipowning-with-turkish-bunker-fleet-takeover/Greek dry bulk owner Pavimar has made a rare newbuilding move, with a four-ship kamsarmax programme at China’s Hengli Heavy Industries. The Athens-based company, headed by Ismini Panagiotidi, has contracted the quartet for delivery through 2029, according to shipbroking sources. The price has not been disclosed. European brokers currently assess Chinese-built kamsarmax newbuildings at between …
https://splash247.com/pavimar-returns-to-newbuild-market-with-four-hengli-bulkers/
https://splash247.com/pavimar-returns-to-newbuild-market-with-four-hengli-bulkers/The VLCC sector is heading for its biggest delivery wave in half a century, with more than 100 new supertankers scheduled to enter service annually in both 2028 and 2029, according to Hartland Shipping Services. The scale recalls the supertanker boom of the 1970s. BIMCO’s historical figures put the all-time record at 116 VLCCs delivered …
https://splash247.com/vlcc-delivery-wave-set-to-reach-levels-not-seen-since-the-1970s/
https://splash247.com/vlcc-delivery-wave-set-to-reach-levels-not-seen-since-the-1970s/An MSC containership has suffered a 10-metre hull tear after being struck by a TUI Cruises vessel during a departure manoeuvre at Germany’s Bremerhaven port in stormy conditions. The 16,520 teu MSC Victorine, a 2023-built, Liberian-flagged vessel, was berthed at the container terminal when the 99,526 gt Mein Schiff 3 collided with its stern on …
https://splash247.com/msc-boxship-gashed-in-bremerhaven-cruise-ship-collision/
https://splash247.com/msc-boxship-gashed-in-bremerhaven-cruise-ship-collision/