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As Chinese buyers have been hoovering up capes at roughly one ship per week this year — mostly vintage tonnage around 18 years of age — European buyers have been largely absent from global broking reports. One notable exception is Geneva-headquartered Mercuria Energy. Brokers tie the trader to the 182,100 dwt Epic (built 2010 at …
https://splash247.com/active-mercuria-energy-adds-a-cape/
https://splash247.com/active-mercuria-energy-adds-a-cape/New York-listed Greek owner Costamare Bulkers is continuing its fleet renewal programme, adding a modern Japanese-built ultramax while offloading two older vessels. The company has agreed to acquire the 2018-built, 60,297 dwt dry bulk vessel Koushun, which will be renamed Astros. Delivery is expected between the first and second quarters of 2026. The ship is …
https://splash247.com/costamare-bulkers-swaps-ageing-tonnage-for-modern-japanese-ultramax/
https://splash247.com/costamare-bulkers-swaps-ageing-tonnage-for-modern-japanese-ultramax/Towards the end of last week, Teekay Tankers exited the VLCC sector, selling the 2013-built, 318,700 dwt Singapore Spirit — formerly Hong Kong Spirit — for $84.5m. Over the weekend, brokers linked the usual suspect these days, Sinokor, to the deal. The sale follows CMB.TECH’s disposal earlier this month of the 2012-built, 314,000 dwt Ingrid …
https://splash247.com/15-year-old-vlcc-values-jump-57-year-on-year-as-sinokor-linked-to-teekay-exit/
https://splash247.com/15-year-old-vlcc-values-jump-57-year-on-year-as-sinokor-linked-to-teekay-exit/With Geneva Dry 2026 on the horizon, market players are weighing how the dry bulk sector could look by late April against a backdrop of geopolitical tension, regulatory shifts and continued freight volatility. One of the companies closely involved in freight and commodity risk management is the European Energy Exchange (EEX), which operates global markets …
https://splash247.com/geneva-dry-dialogues-european-energy-exchange/
https://splash247.com/geneva-dry-dialogues-european-energy-exchange/Opposition to Hapag-Lloyd’s planned takeover of Israeli line ZIM is growing, with union protests and the controversial sale debated at the Knesset, Israel’s parliament, yesterday. Hapag-Lloyd unveiled a $4.2bn takeover offer for ZIM a week ago (pictured), in a deal that would carve out a ‘New ZIM’ made up of 16 vessels to be separated …
https://splash247.com/opposition-to-zims-sale-to-hapag-lloyd-grows/
https://splash247.com/opposition-to-zims-sale-to-hapag-lloyd-grows/Tariffs are back at the top of the shipping news agenda once again, creating confusion just as the transpacific contracting season gets underway. On Friday, the US Supreme Court ruled that president Donald Trump violated federal law by using the International Emergency Economic Powers Act (IEEPA) to unilaterally impose sweeping global tariffs. In response, Trump …
https://splash247.com/trump-tariff-turmoil-clouds-transpacific-contracting-season/
https://splash247.com/trump-tariff-turmoil-clouds-transpacific-contracting-season/All-Cash Deal, Expanding Brazil FootprintTidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million…
https://www.marinelink.com/news/tidewater-acquire-wilson-sons-ultratug-536019
https://www.marinelink.com/news/tidewater-acquire-wilson-sons-ultratug-536019Greenland's Prime Minister Jens-Frederik Nielsen said on Sunday "no thanks" to U.S. President Donald Trump's idea of sending a hospital ship to Greenland, a territory that Trump has repeatedly said he wishes to take over.Trump said on Saturday…
https://www.marinelink.com/news/greenland-says-thanks-trumps-hospital-536007
https://www.marinelink.com/news/greenland-says-thanks-trumps-hospital-536007The U.S. Supreme Court is set to explore legal questions arising from the fraught history of U.S.-Cuban relations when it considers the scope of a 1996 law that lets U.S. nationals seek compensation for property confiscated by the communist…
https://www.marinelink.com/news/supreme-court-wades-uscuba-business-536008
https://www.marinelink.com/news/supreme-court-wades-uscuba-business-536008An Australian warship sailed through the Taiwan Strait, a government source said on Sunday, in the latest transit of the sensitive waterway by a U.S. ally that Chinese state-backed media said was tracked and monitored by the nation's military.In…
https://www.marinelink.com/news/australian-warship-transits-taiwan-strait-536009
https://www.marinelink.com/news/australian-warship-transits-taiwan-strait-536009