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Thailand’s Precious Shipping has made its first move into the tanker sector with the acquisition of a medium-range product tanker as it looks to diversify beyond dry bulk. The Bangkok-listed owner said its wholly owned Singapore subsidiary, Precious Horizon, has agreed to buy the 2006-built MR tanker Florence for $11.1m. The 48,000 dwt vessel was …
https://splash247.com/precious-shipping-diversifies-with-mr-tanker-acquisition/
https://splash247.com/precious-shipping-diversifies-with-mr-tanker-acquisition/Maersk’s port operating arm, APM Terminals, and Germany’s Eurogate are in advanced talks over a long-term partnership that would see €1bn ($1.2bn) invested in upgrading the North Sea Terminal Bremerhaven (NTB). APM Terminals already works alongside Eurogate at the facility. The new investment plan aims to turn NTB into one of the most efficient and …
https://splash247.com/maersk-and-eurogate-line-up-1-2bn-overhaul-for-bremerhaven/
https://splash247.com/maersk-and-eurogate-line-up-1-2bn-overhaul-for-bremerhaven/Dubai-headquartered terminal operator DP World moved to replace one of the ports sector’s most recognisable figures on Friday after newly released US Department of Justice files tied CEO and chairman Sultan Ahmed bin Sulayem to the child sex offender Jeffrey Epstein. The Dubai‑based logistics group announced Essa Kazim as chairman and Yuvraj Narayan as group …
https://splash247.com/sulayem-ousted-at-dp-world-over-epstein-links/
https://splash247.com/sulayem-ousted-at-dp-world-over-epstein-links/Kongsberg Maritime has unveiled a consolidated Digital Solutions portfolio and introduced KM Performance, a new solution aimed at improving operational efficiency, reducing emissions and supporting regulatory compliance in marine transportation.The…
https://www.marinelink.com/news/kongsberg-maritime-unifies-digital-535710
https://www.marinelink.com/news/kongsberg-maritime-unifies-digital-535710Oslo-listed dry bulk operator Western Bulk reported a marked earnings recovery in the second half of 2025, capitalizing on a broad-based rebound in freight markets and tighter effective vessel supply.According to the company’s Second Half Year Report 2025…
https://www.marinelink.com/news/western-bulk-returns-profit-535711
https://www.marinelink.com/news/western-bulk-returns-profit-535711Delaware River and Bay Authority (DRBA) Commission awarded a contract for the construction and outfitting of a new 75-car passenger/vehicle ferry to SENESCO Marine LLC of North Kingstown, RI. The project low bid was $78.6 million.The new ferry will eventually replace the MV Cape Henlopen…
https://www.marinelink.com/news/senesco-bags-m-green-ferry-contract-535717
https://www.marinelink.com/news/senesco-bags-m-green-ferry-contract-535717Stena Line has invested millions in extensive refurbishment and modernization of the Stena Germanica and Stena Scandinavica ferries on the Gothenburg–Kiel route. The renovation includes restaurant and bar areas as well as outdoor decks ahead…
https://www.marinelink.com/news/ferry-pair-gothenburgkiel-route-major-535718
https://www.marinelink.com/news/ferry-pair-gothenburgkiel-route-major-535718In many maritime organizations, the most effective people in shore-based leadership roles are those who have spent meaningful time onboard. Designated Persons Ashore and Port Captains often earn their positions not because of spreadsheets or policy expertise…
https://www.marinelink.com/news/maritime-training-training-shore-think-535719
https://www.marinelink.com/news/maritime-training-training-shore-think-535719The Pentagon is sending an aircraft carrier from the Caribbean to the Middle East, two U.S. officials told Reuters on Friday, a move that would put two carriers in the region as tensions soar between the United States and Iran.The Gerald R.
https://www.marinelink.com/news/second-aircraft-carrier-moves-middle-east-535720
https://www.marinelink.com/news/second-aircraft-carrier-moves-middle-east-535720Fincantieri this week pledged to double its core profit to $1.49 billion in 2030 under a new defence-centred multi-year strategy that will also double its shipyard production capacity in Italy and expand its underwater business.Rising demand…
https://www.marinelink.com/news/fincantieri-eyes-doubling-profit-via-535721
https://www.marinelink.com/news/fincantieri-eyes-doubling-profit-via-535721