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South Korea’s largest LNG shipowner is heading for new ownership as private equity firm IMM is readying to sell Hyundai LNG Shipping to Indonesia’s Sinar Mas Group in a deal valued at around KRW400bn ($274m). Market sources in Korea said the IMM consortium, which controls 100% of the company, is set to sign a stock …
Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President…
https://www.marinelink.com/news/lebanon-cyprus-clear-path-gas-exploration-532901
https://www.marinelink.com/news/lebanon-cyprus-clear-path-gas-exploration-532901Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding…
https://www.marinelink.com/news/vantage-drilling-reports-q-results-532909
https://www.marinelink.com/news/vantage-drilling-reports-q-results-532909Panama is participating this week in the 34th session of the Assembly of the International Maritime Organization (IMO), the most significant forum within the global maritime system and the specialized governing body of the United Nations, from November 24 to 28.
https://www.marinelink.com/news/panama-strengthens-global-leadership-532910
https://www.marinelink.com/news/panama-strengthens-global-leadership-532910Maritime transport carries close to 90 percent of global trade by volume, and container ports alone handle more than 80 percent of non-bulk merchandise. Today, these ports are undergoing a profound transformation, driven by rising trade flows…
https://www.marinelink.com/news/new-global-benchmark-ranks-top-container-532911
https://www.marinelink.com/news/new-global-benchmark-ranks-top-container-532911The shipping industry has always been good at navigating uncertainty; however the rapid expansion of the shadow fleet represents a different kind of risk. It’s not just regulatory or geopolitical; it’s informational. Each vessel that goes dark removes a small piece of the world’s safety awareness…
https://www.marinelink.com/news/expanding-shadow-fleet-poses-a-growing-532912
https://www.marinelink.com/news/expanding-shadow-fleet-poses-a-growing-532912The 2022 sabotage of gas pipelines in the Baltic Sea marked a turning point: maritime infrastructure is no longer seen as a passive utility, but as a strategic asset at risk of disruption. The Joint Baltic Declaration on Security in the Baltic…
https://www.marinelink.com/news/kongsberg-discovery-welcomes-joint-532914
https://www.marinelink.com/news/kongsberg-discovery-welcomes-joint-532914Today, Wednesday, November 26 2025, the Baltic Dry Index climbed by 1492 points, reaching 2401 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-climbs-to-2401-up-92-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-2401-up-92-points/Israeli shipping company ZIM has rejected an offer to acquire the company at a $2.4bn valuation. ZIM announced on Tuesday that it has formed a team to examine strategic alternatives regarding the company’s future. The move followed a non-binding offer submitted by ZIM CEO Eli Glickman and Rami Ungar, who heads up Ray Car Carriers, …
https://splash247.com/glickmans-2-4bn-play-for-zim-rejected-as-board-eyes-wider-options/
https://splash247.com/glickmans-2-4bn-play-for-zim-rejected-as-board-eyes-wider-options/Norwegian offshore shipowner and operator Østensjø Rederi has signed a newbuild contract with Spanish shipbuilder Astilleros Gondán for the construction of a next-gen offshore tug. The newbuild, a Skipsteknisk ST 933 design, will be the largest and most powerful tug in Østensjø’s fleet. It is scheduled for delivery in the first quarter of 2028. With …
https://splash247.com/ostensjo-rederi-orders-hybrid-offshore-tug-from-spanish-yard/
https://splash247.com/ostensjo-rederi-orders-hybrid-offshore-tug-from-spanish-yard/