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South Korean private equity giant Hahn & Company is selling 10 very large crude carriers operated by SK Shipping to Pan Ocean for KRW973.7bn ($694m). The deal, which transfers related long‑term cargo contracts with major domestic shippers, is slated to close by April 11, 2027 and follows Hahn’s 2018 acquisition of a controlling stake in …
https://splash247.com/hahn-co-sells-10-vlccs-from-sk-shipping-to-pan-ocean/
https://splash247.com/hahn-co-sells-10-vlccs-from-sk-shipping-to-pan-ocean/Nasdaq-listed Euroseas has secured a new time charter for one of its feeder containerships, locking in a higher rate in what it describes as a firm feeder market. The 2007-built 1,740 teu EM Spetses has been fixed for a minimum of 22 months and up to 24 months at the charterer’s option, at a gross …
https://splash247.com/euroseas-extends-feeder-charter-at-higher-rate/
https://splash247.com/euroseas-extends-feeder-charter-at-higher-rate/Canadian dry bulk owner and operator Fednav is heading back to Japan for a new series of handysize bulkers, marking its latest move in the newbuilding market. The Montreal-based company has signed a letter of intent with Oshima Shipbuilding for four 35,000 dwt lakers, with deliveries scheduled by mid-2029. President and chief executive Paul Pathy …
https://splash247.com/fednav-returns-to-oshima-for-new-handysize-series/
https://splash247.com/fednav-returns-to-oshima-for-new-handysize-series/Greek shipowner Evangelos Marinakis is stepping up his tanker expansion, with Capital Maritime and Trading signing contracts for 11 VLCC newbuildings at China’s Hengli Heavy Industry. The order forms part of a wider package disclosed by Songfa Ceramics, the parent company of the Dalian-based shipbuilder, covering 15 VLCCs of 306,000 dwt. The total contract value …
https://splash247.com/capital-orders-11-vlccs-in-china/
https://splash247.com/capital-orders-11-vlccs-in-china/Blue Water Shipping has announced Andy Tite as Senior Vice President, Head of Projects, effective July 1, 2026. Andy brings experience, knowledge and insight to the projects industry and will focus on further global expansion at Blue Water.Andy has…
https://www.marinelink.com/news/blue-water-announces-andy-tite-senior-535623
https://www.marinelink.com/news/blue-water-announces-andy-tite-senior-535623McQuilling Services has released its 29th anniversary edition, 2026-2030 Tanker Market Outlook with the theme: “You Can’t See the Forest for the Trees.”The report frames the outlook for crude tankers over the next five years. Structural forces (the “forest”) including: 1) macroeconomic conditions…
https://www.marinelink.com/news/shortterm-tanker-market-shaken-535624
https://www.marinelink.com/news/shortterm-tanker-market-shaken-535624Meyer Turku has unveiled a net-zero cruise ship concept design named AVATAR.The project achieved its set emissions reduction target: the vessel’s lifecycle carbon footprint was successfully reduced by more than 90 percent compared to the baseline…
https://www.marinelink.com/news/meyer-turku-unveils-netzero-cruise-ship-535625
https://www.marinelink.com/news/meyer-turku-unveils-netzero-cruise-ship-535625SCHOTTEL has been chosen by Spanish shipyard GONDAN to provide the propulsion package for the Northern Lighthouse Board’s (NLB) newest vessel, POLE STAR. The ship was officially named on January 21, 2026 by Her Royal Highness The Princess Royal…
https://www.marinelink.com/news/schottel-provide-propulsion-northern-535626
https://www.marinelink.com/news/schottel-provide-propulsion-northern-535626Odfjell SE has reported preliminary full-year and fourth-quarter 2025 results, delivering what the company calls a resilient financial result that demonstrates a robust business model.“The fourth quarter concluded a year dominated by significant uncertainty and more challenging market conditions.
https://www.marinelink.com/news/odfjell-reports-strong-fourth-quarter-535627
https://www.marinelink.com/news/odfjell-reports-strong-fourth-quarter-535627Furuno is expanding its line with the introduction of the TZMAP9 and TZMAP13, two new stand-alone multi-function displays with built-in TruEcho CHIRP™ fish finders.The new models bring the power of Furuno’s TZ MAPS cartography to smaller vessels desiring to operate from a single display.
https://www.marinelink.com/news/furuno-launches-tzmap-standalone-displays-535628
https://www.marinelink.com/news/furuno-launches-tzmap-standalone-displays-535628