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India’s coal imports have been declining, affecting seaborne coal demand. In a recent weekly report, shipbroker Banchero Costa said that “in Jan-Sep 2025, global seaborne coal loadings declined by -4.3% y-o-y to 967.4 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Sep 2025, exports from Indonesia declined by -9.6% y-o-y ...
https://www.hellenicshippingnews.com/dry-bulk-shipping-indian-coal-imports-declining/
https://www.hellenicshippingnews.com/dry-bulk-shipping-indian-coal-imports-declining/Classification society Korean Register (KR) has appointed Lee Yongsok as its 26th chairman and chief executive. Lee, who took the helm following an election at an extraordinary general assembly held on December 23, is a long-serving KR executive, having joined the society in 1995. Over the past three decades he has held a range of …
https://splash247.com/korean-register-taps-veteran-insider-as-new-chairman/
https://splash247.com/korean-register-taps-veteran-insider-as-new-chairman/Swiss-based offshore drilling giant Transocean has won a new contract and an extension for two of its drilling rigs. In Brazil, the 2011-built drillship Deepwater Mykonos was awarded a contract with giant BP. The rig is currently working for Petrobras. The firm part of the Petrobras deal is supposed to end this month, but it …
https://splash247.com/transocean-scores-168m-worth-of-deals-from-bp-and-equinor/
https://splash247.com/transocean-scores-168m-worth-of-deals-from-bp-and-equinor/Monaco-headquartered product carrier major Scorpio Tankers has secured five-year charters for two of its LR2 product carriers at a rate of $29,000 per day. The New York-listed owner said the 2015-built, 110,000 dwt STI Rose and STI Alexis have been fixed to an undisclosed charterer, with the contract starting in the first quarter of 2026. In early …
https://splash247.com/scorpio-tankers-fixes-lr2-tandem-on-five-year-charters/
https://splash247.com/scorpio-tankers-fixes-lr2-tandem-on-five-year-charters/Cyprus-based owner Castor Maritime has signed a sale and leaseback agreement for a bulk carrier vessel. The company signed the agreement for the 2013-built kamsarmax Magic Perseus bulker with a Japanese counterparty. The transaction is set to be completed in January 2026. The bareboat financing amounts to $15.6m, has a duration of eleven years, including …
https://splash247.com/castor-maritime-enters-sale-and-leaseback-deal-for-kamsarmax/
https://splash247.com/castor-maritime-enters-sale-and-leaseback-deal-for-kamsarmax/Singapore-based marine fuel supplier Uni-Fuels has announced the next phase of its global expansion strategy, focused on scaling operations across key maritime markets. This will build on Uni-Fuels’ expansion to Dubai, Shanghai, and Limassol in 2025, and provide the strategic framework for additional office openings and operational initiatives designed to support long-term corporate development. The …
https://splash247.com/uni-fuels-eyes-further-growth-amid-rising-bunker-market-complexity/
https://splash247.com/uni-fuels-eyes-further-growth-amid-rising-bunker-market-complexity/On January 1, 2026, Roland Schwandt took over as CEO of SCHOTTEL GmbH from Stefan Kaul as part of an orderly succession plan. Christian Bock was appointed Deputy CEO. In the future, Stefan Kaul will focus on production and materials management…
https://www.marinelink.com/news/schwandt-appointed-schottel-ceo-534013
https://www.marinelink.com/news/schwandt-appointed-schottel-ceo-534013ABB has signed contracts with Rotterdam Shore Power (RSP) to engineer and construct what is expected to be the world’s largest shore power system by capacity at the Port of Rotterdam.The system will provide over 100 megavolt-amperes (MVA) of…
https://www.marinelink.com/news/abb-build-worlds-largest-shore-power-534015
https://www.marinelink.com/news/abb-build-worlds-largest-shore-power-534015CIMC Raffles has awarded a contract to TMC Compressors to deliver a complete marine compressed air system for the MK II floating liquefied natural gas (FLNG) facility, currently under construction for Golar LNG.TMC’s scope includes instrument air compressors…
https://www.marinelink.com/news/cimc-picks-tmcs-compressors-golar-lngs-mk-534016
https://www.marinelink.com/news/cimc-picks-tmcs-compressors-golar-lngs-mk-534016Wind Power LAB (WPL), a Danish specialist in blade inspection and wind turbine consulting services, has appointed Lene Hellstern as its new Chief Executive Officer.Hellstern brings over 24 years of experience in the global onshore and offshore wind industry…
https://www.marinelink.com/news/wind-power-lab-names-new-chief-534018
https://www.marinelink.com/news/wind-power-lab-names-new-chief-534018