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The Arab Shipbuilding and Repair Yard Company (ASRY) has completed several rig repair and upgrade projects for Saudi-based ADES Holding, strengthening the partnership between the two companies.In 2025, several ADES jack-up rigs underwent major…
https://www.marinelink.com/news/asry-completes-multiple-rig-upgrades-ades-533925
https://www.marinelink.com/news/asry-completes-multiple-rig-upgrades-ades-533925Fincantieri’s underwater systems subsidiary WASS has secured its largest contract to date, winning an order from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for the service’s Scorpène-class submarine fleet.“This…
https://www.marinelink.com/news/fincantieris-wass-snags-torpedo-deal-533928
https://www.marinelink.com/news/fincantieris-wass-snags-torpedo-deal-533928China fired rockets into waters off Taiwan on Tuesday, showcased new assault ships and dismissed prospects of U.S. and allied intervention to block any future attack by Beijing to take control of the island in its most extensive war games to date.As part of drills rehearsing a blockade…
https://www.marinelink.com/news/china-launches-rockets-taiwan-waters-533929
https://www.marinelink.com/news/china-launches-rockets-taiwan-waters-533929Discounts on Russian oil at export terminals have once again approached historic highs, putting pressure on exporters' trade profits amid weak global oil prices, Reuters calculations show.Western sanctions over Russia's military action in Ukraine…
https://www.marinelink.com/news/russian-oil-exporters-struggle-stay-533930
https://www.marinelink.com/news/russian-oil-exporters-struggle-stay-533930Capital Clean Energy Carriers (CCEC) has moved to further bulk up its LNG fleet, placing an order for three newbuildings at HD Hyundai Samho in South Korea. The Nasdaq-listed owner has secured three berths at the yard, with one vessel due for delivery in the third quarter of 2028 and the remaining two scheduled for …
https://splash247.com/capital-clean-energy-carriers-locks-in-770m-lng-carrier-order-in-south-korea/
https://splash247.com/capital-clean-energy-carriers-locks-in-770m-lng-carrier-order-in-south-korea/Italian product tanker owner d’Amico International Shipping (DIS) has moved to renew its fleet with a fresh newbuilding deal in China, ordering two MR1 units at Guangzhou Shipyard International (GSI). The company said its operating arm, d’Amico Tankers has signed contracts for a pair of 40,000 dwt vessels at a price of $43.2m each. The …
https://splash247.com/damico-signs-up-mr1-newbuild-deal-in-china/
https://splash247.com/damico-signs-up-mr1-newbuild-deal-in-china/A majority of German business associations expect job cuts in 2026 as the country's economic crisis persists, with industry hit hardest by global protectionism and weak exports, a survey by the German Economic Institute IW showed on Monday.Of 46 business associations surveyed…
https://www.marinelink.com/news/shipbuilding-a-bright-spot-german-533901
https://www.marinelink.com/news/shipbuilding-a-bright-spot-german-533901Greece, Israel and Cyprus will step up joint air and naval exercises in the eastern Mediterranean in 2026, deepening their defence cooperation, Greek military officials and a senior source said on Monday.The three eastern Mediterranean nations…
https://www.marinelink.com/news/greece-israel-cyprus-step-defense-533902
https://www.marinelink.com/news/greece-israel-cyprus-step-defense-533902Iron ore futures prices rallied on Monday as top consumer China’s pledge of more proactive fiscal policies in 2026 boosted sentiment and demand hopes for the key steel-making ingredient. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! closed daytime trade 2.58% higher at 796.5 yuan ($113.66) a metric ton, after ...
https://www.hellenicshippingnews.com/iron-ore-rallies-as-china-pledges-more-proactive-fiscal-policies-in-2026/Supertanker specialist DHT Holdings has struck a deal to sell two of its three oldest VLCCs, continuing a steady refresh of its fleet as asset values remain firm. The New York-listed owner is shipping out the 2007-built DHT China and DHT Europe for a combined price of $101.6m. Both vessels were built at Hyundai and …
https://splash247.com/dht-trims-vintage-tonnage-with-twin-vlcc-sale/
https://splash247.com/dht-trims-vintage-tonnage-with-twin-vlcc-sale/