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India's Oil and Natural Gas Corporation (ONGC) has signed an agreement with Japan's Mitsui O.S.K. Lines (MOL) to build, own and operate two very large ethane carriers (VLECs).The ‘mega vessels’ will deliver imported ethane to ONGC Petro Additions Limited…
https://www.marinelink.com/news/ongc-inks-deal-mol-build-two-large-ethane-527618
https://www.marinelink.com/news/ongc-inks-deal-mol-build-two-large-ethane-527618Today, Thursday, July 3 2025, the Baltic Dry Index decreased by 9 points, reaching 1434 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-falls-to-1434-down-9-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1434-down-9-points/Singapore shipyard group Seatrium has won an FSRU conversion contract from Kinetics, an energy transition initiative by Karadeniz subsidiary Karpowership. This award follows Kinetics’ confirmation of the option for a fourth FSRU conversion project with Seatrium, announced in April 2024. The initial deal was for three LNG carrier conversions into FSRUs, with an option for …
https://splash247.com/seatrium-wins-fsru-conversion-contract-from-kinetics/
https://splash247.com/seatrium-wins-fsru-conversion-contract-from-kinetics/Mitsui E&S Shipbuilding has been rebranded Tsuneishi Solutions Tokyobay having been bought by Tsuneishi Shipbuilding, the latest in a series of shipyard mergers ongoing in Japan. Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding, whose shipbuilding heritage dates back to 1917, had been in a capital alliance for the past four years, but Tsuneishi decided to buy …
https://splash247.com/mitsui-es-shipbuilding-becomes-tsuneishi-solutions-tokyobay/
https://splash247.com/mitsui-es-shipbuilding-becomes-tsuneishi-solutions-tokyobay/A major infrastructure initiative at the Port of Coos Bay is gaining momentum with a $100m funding boost from the state of Oregon, setting the stage for the creation of the west coast’s first fully ship-to-rail container port. The Pacific Coast Intermodal Port project aims to establish a container terminal that will directly link ocean …
T. Parker Host (Host), a provider of maritime agency and terminal services across the US, has acquired Transmarine Navigation Corporation (Transmarine), a west coast ship agency headquartered in Long Beach, California. The acquisition makes Host the largest independent tramp ship agency in the US. “This acquisition aligns with our strategic vision to deliver seamless, high-touch …
https://splash247.com/ship-agency-merger-creates-sector-leader-in-the-us/
https://splash247.com/ship-agency-merger-creates-sector-leader-in-the-us/KNOT Offshore Partners has expanded its fleet with the acquisition of a three-year-old shuttle tanker and agreed a sale and leaseback deal for another. The company bought the 2022-built suezmax Daqing Knutsen from Knutsen NYK Offshore Tankers (KNOT). The purchase price for the vessel, built by COSCO Shipping Heavy Industry, is $90m, less $70.5m of …
https://splash247.com/knot-offshore-partners-acquires-shuttle-tanker-2/
https://splash247.com/knot-offshore-partners-acquires-shuttle-tanker-2/Greek tanker player Performance Shipping is looking to expand its fleet following a $100m raise on the Nordic bond market. The NASDAQ-listed company said proceeds from the raise will either go for tanker acquisitions or bond repurchases. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new …
https://splash247.com/performance-shipping-eyes-tanker-acquisitions-following-100m-bond-raise/
https://splash247.com/performance-shipping-eyes-tanker-acquisitions-following-100m-bond-raise/The Maritime and Port Authority of Singapore (MPA) has filed formal charges stemming from the deadly 2024 collision involving the Singapore-flagged Hafnia Nile and the shadow tanker Ceres I, an incident that drew international attention for both its human toll and its implications for shadow fleet operations. Two crew members from the Hafnia Nile — …
https://splash247.com/singapore-files-charges-over-last-years-fatal-tanker-collision/
https://splash247.com/singapore-files-charges-over-last-years-fatal-tanker-collision/President Trump’s ambitious plan to rejuvenate the US shipping and shipbuilding industries is encountering significant challenges, just months after its announcement. Despite bipartisan support for revitalising the maritime sector as a matter of economic and national security, internal policy conflicts and administrative delays are hindering progress. A key setback involves the suspension of the Food …
https://splash247.com/trumps-shipbuilding-ambitions-face-enormous-hurdles/
https://splash247.com/trumps-shipbuilding-ambitions-face-enormous-hurdles/