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The Port of Oakland processed 163,254 TEUs in February 2026, a 16.7% decline from January and a 14.5% decrease year over year, as vessel activity slowed due in part to observation of the Lunar New Year.Vessel calls declined from 86 in January to 72 in February…
https://www.marinelink.com/news/port-oakland-exports-continue-outperform-537145
https://www.marinelink.com/news/port-oakland-exports-continue-outperform-537145Eid al-Fitr has arrived to greet the world's ship recycling markets this week, and as is tradition, it came bearing the gift of silence, reports cash buyer GMS. “From Chattogram to Gadani, Alang to Aliağa, the holy festival has pressed pause…
https://www.marinelink.com/news/ship-recycling-pauses-eid-537146
https://www.marinelink.com/news/ship-recycling-pauses-eid-537146Singapore’s BW Group has sold down more than half of its stake in New York-listed gas carrier owner Navigator Gas, offloading 8m shares in a deal worth about $140m. The Andreas Sohmen-Pao-led group, previously one of the largest shareholders in the handysize LPG carrier specialist, offered the shares at $17.50 apiece, representing roughly 12.3% of …
https://splash247.com/bw-trims-navigator-gas-stake-in-140m-share-sale/
https://splash247.com/bw-trims-navigator-gas-stake-in-140m-share-sale/US offshore player the Chouest Group has taken its first step into the decommissioning space, acquiring Gulf of America contractor Champagne Energy Solutions (CES). The Louisiana-based group said the deal marks the start of a wider push into plug and abandonment (P&A) and offshore removal work, with more acquisitions expected as it builds out a …
https://splash247.com/chouest-makes-first-decommissioning-move-with-ces-buy/
https://splash247.com/chouest-makes-first-decommissioning-move-with-ces-buy/Oslo-listed dry bulk owner Jinhui Shipping and Transportation has offloaded another ultramax, marking its second sale in March as it continues to streamline its fleet. The Hong Kong-based owner has agreed to sell the 2014-built Jin Rui to Huaya Maritime Corporation for $24m, with delivery scheduled between July 15 and August 17. The 63,435 dwt …
https://splash247.com/fleet-trim-continues-at-jinhui/
https://splash247.com/fleet-trim-continues-at-jinhui/APM Terminals has moved from development partner to shareholder at the Hateco Hai Phong International Container Terminal (HHIT), taking a 49% stake and stepping in as operating partner alongside Vietnam’s Hateco Group. The deal follows three years of joint work bringing the greenfield project to life. The terminal is now up and running and handling …
https://splash247.com/apm-terminals-takes-stake-in-northern-vietnam-deepwater-port/
https://splash247.com/apm-terminals-takes-stake-in-northern-vietnam-deepwater-port/Singapore-based gas owner Purus has moved to expand its LNG carrier orderbook, exercising an option for another newbuild at Samsung Heavy Industries (SHI). The South Korean yard disclosed the contract at a price of KRW 377.9bn $252m), with delivery scheduled for the second quarter of 2029. While SHI did not name the buyer, shipbroking sources …
https://splash247.com/purus-adds-to-samsung-heavy-lng-series/
https://splash247.com/purus-adds-to-samsung-heavy-lng-series/The takeover tussle between dry bulk players Diana Shipping and Genco Shipping & Trading is escalating, with the Greek owner hitting back after its sweetened bid was rejected for a second time. Diana, which already holds close to 15% of Genco, said the US-listed bulker owner had dismissed its $23.50-per-share all-cash offer without meaningful engagement, …
https://splash247.com/dry-bulk-takeover-battle-heats-up-between-diana-and-genco/
https://splash247.com/dry-bulk-takeover-battle-heats-up-between-diana-and-genco/Tor Olav Trøim-backed tanker newcomer Bruton has moved to expand its VLCC orderbook, contracting four newbuildings at China’s Yantai CIMC Raffles. The Oslo-listed company said each vessel will be built for delivery into a Bruton subsidiary, with handovers scheduled between January and July 2028. The ships will follow the MARIC 319,000 dwt design and come …
https://splash247.com/bruton-bolsters-vlcc-pipeline-with-four-ship-order-at-cimc-raffles/
https://splash247.com/bruton-bolsters-vlcc-pipeline-with-four-ship-order-at-cimc-raffles/John Fredriksen’s private investment arm, Seatankers Management, has re-entered the large bulk carrier newbuild market with an order for up to eight newcastlemax vessels at China’s Panjin Dajin Offshore. Shipbuilding sources say the Cyprus-based outfit has signed firm contracts for four 210,000 dwt units, with options attached for a further four. Deliveries for the firm …
https://splash247.com/fredriksen-back-in-dry-bulk-newbuilds-with-up-to-eight-newcastlemaxes/
https://splash247.com/fredriksen-back-in-dry-bulk-newbuilds-with-up-to-eight-newcastlemaxes/