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Houston-based offshore energy services company Helix Energy Solutions has entered into a definitive agreement to merge with compatriot offshore vessel owner Hornbeck Offshore Services in an all-stock transaction. Upon closing of the transaction, Hornbeck shareholders will own approximately 55%, and Helix shareholders will own approximately 45% of the combined company on a fully diluted basis. …
https://splash247.com/helix-hornbeck-merger-creates-deepwater-services-heavyweight/
https://splash247.com/helix-hornbeck-merger-creates-deepwater-services-heavyweight/One of shipping’s most consequential regulatory gatherings gets underway in London on Monday, with the future of the world’s first global carbon pricing mechanism on any industry hanging in the balance. The 84th session of the Marine Environment Protection Committee (MEPC) runs from April 27 to May 1 at IMO headquarters, and the stakes could …
https://splash247.com/can-the-net-zero-framework-be-saved-splashs-mepc-curtain-raiser/
https://splash247.com/can-the-net-zero-framework-be-saved-splashs-mepc-curtain-raiser/Mumbai-based Seven Islands Shipping’s appetite for MR tankers continues to turn heads, with fresh deals underlining an aggressive expansion drive amid India’s rising energy demand. The company has emerged as one of the most active buyers in the product tanker space, snapping up 11 vessels since the start of 2025, according to sales registers; nine …
https://splash247.com/mumbai-owners-mr-splurge-keeps-brokers-busy/
https://splash247.com/mumbai-owners-mr-splurge-keeps-brokers-busy/German MPP specialist dship Carriers and shipmanager NSB Group have teamed up to launch a dedicated joint venture aimed at managing a new series of multipurpose vessels, as owners continue to sharpen focus on specialised tonnage. The new entity, Hinode Shipmanagement, will be based in Buxtehude and is set up to oversee dship’s next generation …
https://splash247.com/dship-carriers-and-nsb-launch-mpp-management-platform/
https://splash247.com/dship-carriers-and-nsb-launch-mpp-management-platform/Greece’s Tsakos Energy Navigation (TEN) has secured long-term employment for two shuttle tankers, extending their charters for up to five years each and reinforcing its position in the offshore loading segment. The New York-listed owner said the extensions will run in direct continuation of the current contracts, which began upon delivery of the vessels in …
https://splash247.com/ten-extends-shuttle-tanker-deals-into-next-decade/
https://splash247.com/ten-extends-shuttle-tanker-deals-into-next-decade/Greek owner M/Maritime is branching into container shipping, placing its first feeder boxship order while continuing to build out its dry bulk base. The company has signed for two 2,800 teu newbuildings at HD Hyundai Heavy Industries, with deliveries expected from early 2028. The vessels will be built to the yard’s eco-focused CON-GREEN design and …
Hakki Deval has spent more than two decades in dry bulk shipping, from his student days at Solent University to leading Istanbul-based Devbulk as managing director and CEO. A former Turkish Navy lieutenant, two-term International Chamber of Shipping boardmember and Baltic Exchange stalwart, he brings a measured, experience-hardened perspective to markets that rarely sit still. …
https://splash247.com/geneva-dry-dialogues-devbulk/
https://splash247.com/geneva-dry-dialogues-devbulk/The Hormuz shipping crisis led coverage all week, with Splash carrying reports on the conflict’s effects on fertiliser, sulphur and seafarers. “De-escalation, meaningful actions and restoring the freedom of navigation is the only way forward,” urged Arsenio Dominguez, the head of the International Maritime Organization, amid the deteriorating security situation in the region. The Panama …
https://splash247.com/splash-wrap-why-the-hormuz-conflict-is-a-world-war/
https://splash247.com/splash-wrap-why-the-hormuz-conflict-is-a-world-war/The Panama Canal has recorded a significant rise in vessel transits and tonnage in the first half of its 2026 fiscal year, with demand for its reservation system climbing sharply amid heightened global trade activity – and some ships paying more than a million dollars for last-minute crossing slots, in yet another butterfly effect from …
https://splash247.com/panama-canal-prices-take-flight-on-iran-butterfly-effect/
https://splash247.com/panama-canal-prices-take-flight-on-iran-butterfly-effect/The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to the Iran conflict, according to two sources familiar with the decision.The move would temporarily ease requirements that goods transported between U.S.
https://www.marinelink.com/news/white-house-expected-extend-jones-act-538428
https://www.marinelink.com/news/white-house-expected-extend-jones-act-538428