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Danish product tanker player Torm is expanding its owned fleet significantly after exercising purchase options on 13 ships previously under sale-and-leaseback deals. The Copenhagen- and New York-listed firm said the move is part of its ongoing capital and loan management strategy. The first four ships -LR2 tankers Torm Herdis, Torm Hellerup, Torm Hannah, and Torm …
https://splash247.com/torm-takes-over-13-leaseback-tankers-as-it-sheds-older-tonnage/
https://splash247.com/torm-takes-over-13-leaseback-tankers-as-it-sheds-older-tonnage/The Houthi-run Humanitarian Operations Coordination Center (HOCC) has released a new set of Frequently Asked Questions (FAQs) assuring safe passage to vessels transiting through the Gulf of Aden, Bab el Mandeb, the Arabian Sea and the Red Sea if they are not related to the “sanctioned entities of companies”. The HOCC has encouraged companies to …
https://splash247.com/houthis-seek-to-legitimise-maritime-role-with-safe-transit-service/
https://splash247.com/houthis-seek-to-legitimise-maritime-role-with-safe-transit-service/Van Oord’s trailing suction hopper dredger Vox Ariane has completed its first bunkering of Bio-LNG on the Elbe in Germany.As the first marine contractor to have its climate targets approved by the Science Based Targets initiative (SBTi), Van Oord is actively investing in decarbonization solutions.
https://www.marinelink.com/news/van-oord-completes-first-biolng-fuel-528948
https://www.marinelink.com/news/van-oord-completes-first-biolng-fuel-528948Seatrium has signed a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet.Under the LOI, Seatrium will carry out the integration of four New Generation Powerships…
https://www.marinelink.com/news/seatrium-karpowership-team-powerships-528949
https://www.marinelink.com/news/seatrium-karpowership-team-powerships-528949Two Norwegian nationals have been jailed in Australia for attempting to possess 80kg of cocaine smuggled in as a parasitic attachment on the hull of a bulk carrier.A man, 53, was sentenced by the Newcastle District Court to nine years’ and 11 months’ imprisonment…
https://www.marinelink.com/news/norwegian-divers-sentenced-thwarted-528951
https://www.marinelink.com/news/norwegian-divers-sentenced-thwarted-528951During the first seven months of 2025, Nigeria’s seaborne imports of clean petroleum products (CPP) declined by 39% compared to the same period in 2024, reaching 230 thousand barrels per day (kbpd). The decrease follows a 19% reduction during…
https://www.marinelink.com/news/nigeria-increases-us-crude-imports-528953
https://www.marinelink.com/news/nigeria-increases-us-crude-imports-528953Container shipping company Hapag-Lloyd reported a 3.1% decline in first-half net income on Thursday and lowered the top end of its full-year earnings forecast, largely due to uncertainty over geopolitical issues and U.S. trade policy.The world's…
https://www.marinelink.com/news/hapaglloyd-cites-geopolitical-uncertainty-528955
https://www.marinelink.com/news/hapaglloyd-cites-geopolitical-uncertainty-528955Germany's biggest power producer RWE posted lower-than-expected core profit for the first half on Thursday, citing weak wind conditions as well as a muted trading business.First-half adjusted earnings before interest, tax, depreciation and amortization fell by more than a quarter to 2.14 billion eur
https://www.marinelink.com/news/weak-wind-cuts-rwes-profit-528956
https://www.marinelink.com/news/weak-wind-cuts-rwes-profit-528956Colonna’s Shipyard is a fifth-generation, family-owned medium-sized shipbuilder, led by Randall Crutchfield, Chairman & CEO, today. Founded in 1875 by 26-year-old ship carpenter Charles J. Colonna with a $2,000 loan from his brother, he founded a company that has not only withstood the test of time…
https://www.marinelink.com/news/colonnas-shipyard-forged-steel-anchored-528934
https://www.marinelink.com/news/colonnas-shipyard-forged-steel-anchored-528934Dozens of tankers have joined the shadow fleet this year compared with hundreds in previous years as the harshest Western sanctions yet target Russia's oil exports and add to the difficulty of finding suitable vessels, shipping sources said.The…
https://www.marinelink.com/news/shadow-tanker-fleet-growth-slows-528936
https://www.marinelink.com/news/shadow-tanker-fleet-growth-slows-528936