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Sinokor’s remarkable hoovering up of available VLCC tonnage continues this week, the Korean name being attached to a host of tanker sales on multiple broking reports. The dramatic VLCC build-up over the past seven weeks is propelling the Korean owner to the top of the VLCC ownership charts, as well as creating a concentration of …
https://splash247.com/sinokor-splurge-pushes-vlcc-big-six-towards-30-grip/
https://splash247.com/sinokor-splurge-pushes-vlcc-big-six-towards-30-grip/Performance Shipping has secured long-term cover for one of its aframax tankers, fixing the P Monterey on a three-year time charter. The Nasdaq-listed Greek owner said it has entered into the contract with PBF Holding, a subsidiary of US refiner PBF Energy. The deal will see the 2011-built 105,525 dwt tanker start its employment mid-February …
https://splash247.com/performance-locks-in-long-term-aframax-cover/
https://splash247.com/performance-locks-in-long-term-aframax-cover/Swedish exports to the United States could fall by as much as 28% if President Donald Trump carries out his threat to impose additional tariffs on Sweden and some industrial sectors could see a decline of 50%, Sweden's Board of Trade said on…
https://www.marinelink.com/news/swedish-exports-us-drop-new-tariff-threat-534669
https://www.marinelink.com/news/swedish-exports-us-drop-new-tariff-threat-534669CMA CGM has announced its FAL1, FAL3 and MEX services connecting Asia and Europe, which recently began transiting Suez Canal again on backhaul voyages, will return to sailing around the Cape of Good Hope.CMA CGM cited the "the complex and uncertain…
https://www.marinelink.com/news/xeneta-warns-unpredictability-hurt-ocean-534670
https://www.marinelink.com/news/xeneta-warns-unpredictability-hurt-ocean-534670Qatar Gas Transport Company Q.P.S.C. Nakilat announced its financial results for the year ending December 31, 2025. The Group delivered a net profit of USD$460 million (QAR 1.69 billion), representing an increase of 3.1% compared to USD$450…
https://www.marinelink.com/news/nakilat-increases-annual-net-profit-534672
https://www.marinelink.com/news/nakilat-increases-annual-net-profit-534672Palantir leaders said the U.S. technology company has clinched a deal to sell more software to HD Hyundai, ramping up its heavy-industry work in South Korea.The agreement is worth hundreds of millions of dollars to Palantir over several years…
https://www.marinelink.com/news/us-software-company-inks-deal-hd-hyundai-534673
https://www.marinelink.com/news/us-software-company-inks-deal-hd-hyundai-534673Major shipping companies are devising strategies for a return to the Suez Canal after more than two years of disruptions due to security risks in the Red Sea.They have been rerouting vessels via longer, costlier routes around Africa since November 2023…
https://www.marinelink.com/news/shipping-companies-mull-return-suez-canal-534674
https://www.marinelink.com/news/shipping-companies-mull-return-suez-canal-534674Damen Shipyards Group has announced a contract with the Qatar Emiri Naval Forces (QENF) for the delivery of two ASD Tugs 3212. The contract was announced at the Doha International Maritime Defence Exhibition and Conference (DIMDEX) 2026 in Qatar.The…
https://www.marinelink.com/news/damen-wins-tug-contract-qatari-emiri-navy-534675
https://www.marinelink.com/news/damen-wins-tug-contract-qatari-emiri-navy-534675Engineering and design company Stantec and AECOM has been selected by the U.S. Naval Facilities Engineering Systems Command (NAVFAC) to lead multidiscipline architect-engineer and consulting services as part of a five-year, US$150 million single…
https://www.marinelink.com/news/stantec-aecom-jv-support-us-navy-shipyard-534676
https://www.marinelink.com/news/stantec-aecom-jv-support-us-navy-shipyard-534676The U.S. Coast Guard Safety Alert 03-26, issued on January 16, highlights critical findings related to immersion suit maintenance, inspection practices, and material integrity.ABS reports that U.S. Coast Guard inspectors have increasingly identified…
https://www.marinelink.com/news/us-coast-guard-issues-immersion-suit-534678
https://www.marinelink.com/news/us-coast-guard-issues-immersion-suit-534678