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South Korean owner Pan Ocean has moved again in the VLCC newbuilding market, adding two more supertankers to its growing crude tanker pipeline. The Harim Group-controlled company has lined up a fresh pair of VLCC newbuildings, extending a run of crude tanker investments that has quickly reshaped its fleet profile. The latest ships follow Pan …
https://splash247.com/pan-ocean-keeps-vlcc-push-rolling/
https://splash247.com/pan-ocean-keeps-vlcc-push-rolling/Russia has armed a civilian gas tanker with heavy machine guns in the Baltic Sea, in what appears to be an unprecedented militarisation of a merchant vessel operating on a regular commercial route, according to an investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and several European media partners. Surveillance photographs taken by …
https://splash247.com/machine-guns-spotted-on-russian-lng-carrier-in-the-baltic/
https://splash247.com/machine-guns-spotted-on-russian-lng-carrier-in-the-baltic/Hapag-Lloyd’s terminal arm, Hanseatic Global Terminals (HGT), is deepening its investment in strategic gateway infrastructure, agreeing to acquire a 20% stake in Eurogate Container Terminal Hamburg (CTH) while doubling its holding in Morocco’s TC3 terminal at Tangier Med from 10% to 20%. The transactions remain subject to regulatory approvals. The Hamburg deal gives Hapag-Lloyd a …
https://splash247.com/hapag-lloyd-strengthens-terminal-network-with-hamburg-and-tangier-med-deals/
https://splash247.com/hapag-lloyd-strengthens-terminal-network-with-hamburg-and-tangier-med-deals/Mediterranean Shipping Company (MSC) is deepening its bet on India’s fast-growing container market, with its terminal arm Terminal Investment Limited (TiL) agreeing to acquire a 49% stake in Adani Ports’ Vizhinjam transhipment terminal in a deal valued at $1.4bn. The transaction values the Kerala port at approximately $2.85bn and is being billed by the partners …
https://splash247.com/msc-pays-1-4bn-for-49-stake-in-adanis-vizhinjam-port/
https://splash247.com/msc-pays-1-4bn-for-49-stake-in-adanis-vizhinjam-port/A.P. Moller-Maersk’s latest earnings upgrade is more than just a dramatic reversal for the world’s second-largest containerline. It has become the clearest indication yet that 2026 is shaping up to be another highly profitable year for the liner shipping industry. Only months ago, the Danish shipping giant warned investors it could post an underlying EBIT …
https://splash247.com/maersk-goes-from-red-to-black/
https://splash247.com/maersk-goes-from-red-to-black/Product tanker giant Hafnia has announced a planned leadership change, with Mikael Skov set to step down as chief executive officer on September 1, 2026. The Oslo- and New York-listed company has appointed Søren Steenberg Jensen, executive vice president and head of asset management, as its next chief executive officer. Skov is expected to join …
https://splash247.com/skov-to-step-down-as-hafnia-chief-executive/
https://splash247.com/skov-to-step-down-as-hafnia-chief-executive/Global liquefied natural gas demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power demand, Shell said in an annual report on Tuesday.Global…
https://www.marinelink.com/news/shell-forecasts-surge-global-lng-demand-540753
https://www.marinelink.com/news/shell-forecasts-surge-global-lng-demand-540753India’s state‑controlled Oil and Natural Gas Corporation (ONGC) and supermajor BP have signed a new technical services contract for ONGC’s fields in the Western Offshore Basin. This follows a technical service provider contract between the two for Mumbai High in February 2025. Under the new agreement, BP will serve as the technical service provider for …
https://splash247.com/bp-wins-technical-services-role-on-ongc-offshore-fields/
https://splash247.com/bp-wins-technical-services-role-on-ongc-offshore-fields/South Korean shipping major HMM has secured charter cover for the two gas carriers it ordered as part of last week’s $1.1bn newbuilding haul. The Seoul-listed company said it has signed bareboat charter contracts with a hipping unit of Swiss commodities trader Mercuria for two vessels worth KRW311.8bn ($202m). The contracts run for seven years …
https://splash247.com/hmm-fixes-gas-carrier-newbuilds-to-mercuria/
https://splash247.com/hmm-fixes-gas-carrier-newbuilds-to-mercuria/Duke Energy will terminate its offshore wind lease in the Carolina Long Bay area under a settlement agreement with the U.S. Interior Department and reinvest nearly $129 million in additional power generation capacity in the Carolinas, the department said on Monday.(Reuters)
https://www.marinelink.com/news/duke-energy-terminate-nc-offshore-wind-540736
https://www.marinelink.com/news/duke-energy-terminate-nc-offshore-wind-540736